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AMD’s share price has taken a 13 per cent tumble as a result of analyst James Covello downgrading the company to a ‘sell’ rating.

AMD’s stock price took a hammering yesterday, slipping almost 13 per cent following one analyst downgrading his recommendation from ‘hold’ to ‘sell.’

James Covello, analyst at financial giant Goldman Sachs, issued a recommendation last night that saw the chip giant’s status downgraded from ‘hold’ to ‘sell’ – meaning Covello strongly advised those with AMD stock still in their portfolio to get rid of it but-quick, even as the company announces hope for the future on the back of new hardware and next-generation console deals.

Investors took Covello’s analysis to heart: in trading on the US market yesterday, AMD’s stock plunged 12.56 per cent to $3.83 per share for a total market capitalisation of $2.73 billion. In after-hours trading, the company continues to lose out with a further 0.26 per cent being trimmed off its price. The drop came after a month of gains in share price that saw the company’s value peak at $4.40 a share in the days prior to the sell-off.

While AMD’s share price is still comfortably above its April low of $2.31 per share, the latest drop in value is a worrying sign that investors are beginning to lose confidence in the company. By contrast, rival Intel’s share price – based on a significantly larger $118.4 billion market capitalisation – dropped just 1.07 per cent yesterday on news that box-shifter Dell’s profits had dropped a whopping 79 per cent in its last financial quarter as a result of slowing demand for PCs and laptops.

Covello’s recommendation that investors rid themselves of overpriced AMD stock is a volte-face from his position back in 2006: ‘Investors will increasingly question Intel’s franchise value until/unless their pricing strategy begins to slow down AMD’s momentum,‘ the analyst claimed, at a time when Intel was posting multiple consecutive quarterly revenue shortfalls and its plucky rival AMD had the upper hand in desktop processor market share.

A lot has changed since 2006, however. Intel’s decision to ditch the Pentium 4 family and its performance-crippling NetBurst architecture that year and instead go back to the P6 architecture with its Core family would see AMD’s performance lead eroded. AMD’s answer was the Bulldozer architecture, a server-centric design appeared to repeat some of the flaws found in NetBurst – and, so far, has failed to do much for AMD’s market share.

A more promising direction for the company has been its accelerated processing unit (APU) products, born out of what was once known as Fusion. Building system-on-chip-like products that combine relatively high-performance graphics – never Intel’s strong suit – with reasonable x86 cores has allowed the company to gain ground in the budget end of the market, while attracting the attention of Sony who ordered a customised version of the next-generation Jaguar chip for its upcoming PlayStation 4 games console. Microsoft, too, is reportedly impressed with AMD’s efforts, and is thought to have designed its next-generation Xbox around a similar semi-custom APU.

In Covello’s most recent note, the analyst claimed that the biggest problem facing AMD was the global slowdown in the traditional PC market. ‘We expect disappointing results in the PC segment to mitigate the impact of increased revenue from gaming,‘ Covello told investors of the company’s headline-grabbing console deals.

For AMD, the analyst’s vote of no confidence is a bitter blow, and has demolished many of the gains the company has made over the past year. It’s clear that the company still has much to do to win back the trust of Wall Street – hence AMD’s recent announcements of ARM-based Opteron chips, its Fusion-successor hUMA and its official semi-custom processor division, all of which are distinct divergences from the company’s traditional x86 chip business. For a company that has positioned itself as poised for a comeback, the next financial year looks like being make-or-break for the company.

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The Lumia 928 is now available through Verizon Wireless.

(Credit:
Screenshot by Lance Whitney/CNET)

Verizon subscribers eying Nokia’s new Lumia 928 can now pick up the phone either online or offline.

As previously promised, the 928 went on sale Thursday, available through Verizon’s Web site and its brick-and-mortar retail stores.

Selling the phone for $99 with the standard two-year agreement, Verizon is currently offering a ship date of May 20, so eager buyers won’t have long to wait.

The Lumia 928 is a smaller, lighter, and sleeker version of its 920 predecessor and offers an AMOLED display and a brighter flash. Like all Lumias, it runs Microsoft’s Windows Phone software.

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Valve’s Steam Trading Cards system, currently in beta, provides rewards for playing games – but you’ll need to trade with your friends to complete a set.

Valve’s Steam platform is launching a new feature, and it’s one that promises to form the basis of no small number of addictions: a collectable trading card element.

Launching in beta, the Steam Trading Cards service is an interesting amalgamation of the concepts of achievements and collectable cards: playing selected games results in trading cards being ‘dropped’ and collected by the player, which can then be used to ‘craft’ game badges related to the title from which they were collected. There’s even a role-playing game element to the system, which sees players collected experience in order to increase their Steam Level. Oh, and random rewards ranging from custom emoticons to discounts on downloadable content.

If that sounds a little confusing, that’s probably because it is. Valve appears to be taking elements from a variety of player progress tracking systems – Microsoft’s Xbox Live Achievements, Sony’s PlayStation Network Trophies, the size of a player’s Magic: The Gathering collection and the traditional level-system of a pen and paper role-playing game – and turning them into what it clearly hopes will be a means of keeping gamers stuck to its Steam digital distribution platform.

The idea works as follows: players play one of a selection of Trading Card-enabled games, and during their playthrough receive Cards like an Xbox gamer would receive Achievements. Each game has a ‘set’ of Cards, but only a randomly-selected half of the set is attainable during play; the other half needs to be traded for, just like a traditional Collectable Card Game (CCG) like Magic: The Gathering or Pokemon.

The reason for going to the effort of earning the Cards and trading with friends for missing entries: each full Card Set can be transformed into a Badge related to that game. Unlike the current Steam Badge system, every time a Badge is created from a Card Set the player receives a reward ranging from a custom profile background or emoticon to discount vouchers on downloadable content related to that game. The player can then start collecting the cards all over again, increasing the ‘level’ of the Badge and earning another reward from the list. If a player doesn’t want a reward, they’re free to trade it with another player – possibly for a missing Card from another game.

Finally, the unlocking of a Badge provides experience points which increase the player’s Steam Level. Analogous to the GamerPoints score on the Xbox 360, the Steam Level is naught but digital willy-waving, although increasing in level does provide non-tradeable rewards such as profile showcases – where gamers can show off items they have for trade, mods they’ve made for a game, submissions they’ve made to Steam Greenlight or just their favourite titles – and extra slots on the Steam Friends List.

Details surrounding the Steam Trading Cards service are available on the official website, while interested parties can join the Steam group to be entered into the queue for a place on the closed beta. At present, only play in CS:GO, Team Fortress 2, Dota 2, Portal 2, Half-Life 2 and Don’t Starve will earn cards, although Valve is planning to extend the list in the near future.

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Microsoft’s Surface Pro is finally reaching the UK, with prices starting at £719 for the tablet and an additional £99 for the Touch Cover accessory.

Microsoft has officially announced that the Surface Pro tablet will be heading to the UK later this month, following delays caused – the company claims – by unexpected demand for the device in the US.

Built around a third-generation Intel Core i5 processor, the Surface Pro is the big brother of Microsoft’s ARM-powered Surface RT. As well as the more powerful processor – which, as you might expect, has a somewhat deleterious effect on battery life – the device packs a 1,920×1,080 Full HD screen into roughly the same dimensions as the Surface RT’s 1,366×768 panel. Better still, it comes running Windows 8 rather than the cut-down Windows RT – meaning full compatibility with existing ‘legacy’ desktop and laptop software packages.

Its launch, however, has been dogged with problems. Initially, Microsoft was forced to delay the US launched due to production issues surrounding the keyboard-cum-cover Touch Cover accessory that caused its rubber casing to split open after only light use. When that was resolved, Microsoft launched the device in February only to find its relatively modest production capacity overwhelmed by demand – despite software bugs and other issues that the company is still working to fix.

With production ramped up and its US customers now largely satisfied, Microsoft is finally turning its attentions to the UK. The company’s official announcement on the matter states that the Surface Pro will launch on the 23rd of May in the same two flavours as in the use: a 64GB ‘entry-level’ model and a more capacious 128GB version. Aside from internal storage capacity, the specifications of the two models are identical.

As expected, Microsoft has priced the Surface Pro units to compete with rival Windows 8 devices rather than the ubiquitous iPad and Android-based tablets that make up the bulk of the market: the 64GB model will cost £719, while the 128GB version costs £799. Neither come with the innovative Touch Cover accessory, which includes a touch-sensitive Sinclair ZX80-style keyboard embedded into a screen-protecting cover, which will be available as an optional extra for £99. Those who prefer a little tactile feedback while typing will have the option to purchase the Type Cover instead, which provides a small mount of travel for each key and will cost £109.

While high, the pricing is roughly equivalent to its US retail cost – correcting, naturally, for the UK’s 20 per cent VAT rate. Those who purchase the Surface Pro will also receive the Windows 8.1 upgrade free of charge when it launches later this year – as will those who opted for the already-available Surface RT model.

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Larry Page didn’t offer “one more thing” but he did have plenty of bones to pick.

(Credit:
James Martin/CNET)

Larry Page may have officially just assumed the title of bizarro Steve Jobs.

Page wrapped up the kick-off address at Google I/O Wednesday not with a slick sales pitch or “one more thing,” but with some pretty inspiring talk about the role of technology in creating a better world, mixed with a laundry list of companies and institutions that make him sad.

Speaking softly due to a medical condition that Page revealed earlier has afflicted him for many years, the Google CEO ended the three-hour-plus keynote not quite with a bang, but with an unprecedented question-and-answer session punctuated with many a jab.

Here then, are the highlights of what might be Larry Page’s first annual festival of disses:

On Microsoft adding GChat to its services but failing to make its own messenger service available in reverse:

You have to have interoperation, not just have one company milking off the rest… We have been struggling with people like Microsoft…We would like to see more open standards and more people getting behind things.

On the tech industry and the tech press:

Every story I read about Google is us versus some other company or some stupid thing… Being negative is not how we make progress.

On Robert Scoble’s viral “Google Glass is water resistant” photo:

Robert, I really didn’t appreciate the shower picture.

On facing Oracle in court:

Money is more important to them than collaboration.

On the law and technology:

[It] can’t be right when it’s 50 years old… Maybe more of us need to go into other areas and help those areas improve and understand technology. That’s not happening at the rate it needs to happen.

On the health care status quo in the United States:

We had Google health but we didn’t make much progress on it… We found all of the problems were regulatory.

On brevity: Obviously Page is no fan. Three and a half hours? Sheesh. But there I go being negative again.

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Microsoft’s Tami Reller has confirmed that Windows Blue will launch as Windows 8.1, and be a free upgrade for existing Windows 8 and Windows RT users.

Microsoft has confirmed that its upcoming Windows Blue operating system will launch under the name Windows 8.1, and that it will be free for all users of existing Windows 8 products.

First hinted back in February when a job advert went live asking for a software development engineer to work on an at-the-time unannounced product dubbed Windows Blue, numerous leaks have provided a tantalising glimpse of Microsoft’s plans for the next-generation operating system. Sitting somewhere between a full release and a Service Pack, Windows Blue is thought to be part of the company’s plans to better compete with rival Apple through a more rapid release schedule: rather than launching a full operating system refresh every three to five years at a high price, Blue will be followed by annual updates at a much lower cost.

While that fact has not yet been confirmed by Microsoft, which is playing its cards as close to its chest as possible when everything it does gets leaked all over the place, the company has confirmed an earlier rumour: Windows 8.1 will be made available to Windows 8 users as a free update.

Speaking at the JP Morgan Technology, Media Telecoms Conference, Microsoft’s Tami Reller – chief marketing officer and chief financial officer of the company’s Windows arm – stated outright that Windows 8.1 will launch as a free upgrade for Windows 8 and Windows RT users. Reller also confirmed that a public preview of the upgrade will be released at Microsoft’s annual Build conference in June, ahead of a full launch scheduled for a pre-Christmas window.

While not a ground-up redesign of the operating system and its divisive Modern UI – based on the tile-style Metro UI first developed for Microsoft Windows Phone platform – Windows 8.1 is expected to bring numerous improvements to the user experience for those who interact with their systems using a keyboard and mouse. Although Microsoft’s focus remains on creating a user interface that works well with touch-screen devices, it’s clear the company is listening to feedback regarding the difficulties less technical users have in making the migration from the WIMP (Windows, Icons, Menus and Pointers) experience of Windows 7 and prior to the more gesture-driven Windows 8.

What Reller did not disclose is how the launch of Windows 8.1 will affect retail pricing and availability. It is though that Windows 8.1 SKUs (Stock Keeping Units) will simply replace Windows 8 SKUs – meaning there’ll be a Windows 8.1, Windows 8.1 Pro and Windows 8.1 Enterprise, along with Windows RT.1 or however the company decides to massage the version number into its OEM-only product’s name. As a result, pricing for retail releases of Windows 8.1 should remain the same as that of Windows 8 – and there’s unlikely to be a repeat of the cut-price offer that saw users upgrading from Windows 7 to Windows 8 for as little as £15.

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Sergey Brin showed off Glass at last year’s I/O, setting a high bar.

(Credit:
CNET)

In our Google I/O poll, we looked at what Google could possibly announce this week to measure up to the high bar set by last year’s skydiving introduction of Google Glass, along with the Nexus 7, Android Jelly Bean, and the apparently ill-fated Nexus Q.

Most of you were interested in seeing some really cool new Nexus hardware from Google this week. It’s a sentiment I share, but I also have a fantasy that we’ll see something relatively unexpected and bleeding edge that will top even last year’s Glass debut. I’ve come up with four imagined Google I/O announcements that I think are highly unlikely, but within the realm of possibility, and would have the whole world buzzing for weeks to come.

Just to be clear: I have no evidence any of these things will happen this week. In fact, I’m pretty positive three of them won’t come true anytime soon. It’s just my (admittedly demanding) wish list for Santa Brin and his elves in Mountain View. Let’s hope they’re listening.

1. A bundle of wearable technology devices for $500 by Christmas:
The more we’re online, the happier Google is. This philosophy has given us
Android and mobile devices offered at below-market prices, like the
Nexus 7 and
Nexus 4. Glass and a rumored Google smartwatch extend the approach by making it easier to be connected and online anywhere. The way I see it, if the goal is to make us all cyborgs, why not go all in and offer a serious package made up of the rumored Motorola X Phone, Glass, and the smartwatch. To really sell it, make it a loss-leader bundle for as low as $500 total, and get it to us before Christmas.

Reality check: I actually believe the least likely part of this fantasy scenario is the timeline. It looks like average consumers have little chance of seeing Glass in 2013. I also think the smartwatch may never hit the market, but it rounds out my imagined package nicely. I do think we’ll see a super phone designed for Glass when the time comes, and the price for Glass is likely to be considerably lower than $1,500.

2. Nationwide Google Fiber:
So this is mainly a selfish fantasy that has accumulated over the countless seconds of daydreaming that occur while dealing with latency on my home satellite connection. An announcement this week that Google is pursuing a nationwide rollout of gigabit Internet connectivity could alter not only the Internet, but the entire economy in pretty fundamental ways.

Reality check: The only reason Google Fiber is on our radar at all right now is the recent addition of a handful of cities to the program. Despite this expansion, it remains a limited experiment in a few small- to medium-sized cities. The moment Google announced a major rollout, it would run into a wall of regulatory and legal challenges from just about anyone with skin in the broadband game. Not to mention that such an endeavor wouldn’t exactly be cheap or easy, even for a behemoth like Google. But we can dream.

Does it come in Android?

(Credit:
Microsoft)

3. A convertible Nexus tablet/laptop:
In my search for the ultimate device that bridges the gap between productivity power and mobility, I’ve sampled many laptops, tablets, and hybrids. I thought the Surface Pro could be the killer solution, but I still found myself preferring my Nexus 7 when it was time to go mobile or chill. But maybe jamming touch on top of Windows isn’t the right way. I’d be very excited to see a reference design from Google for an Android/Chromebook hybrid system that offers more power and productivity than an Android tablet, but keeps the ease of use and design chops of my Nexus 7.

Reality check: Chrome OS still can’t quite compete with the likes of Windows or the MacOS. By all accounts, there’s some barriers between the Chrome team and other parts of Google, but perhaps not for long. I don’t think we’ll see my dream piece of Google hardware so soon after the introduction of the Pixel Chromebook, but this wish could come true in the not-too-distant future.

4. A serious Android @Home offering:
A few years ago, Android @Home was a big part of Google I/O, but the home connectivity and automation platform is still relatively unknown to the world. With what seems like a real push to make Google Now more robust, why not give us more Google in our domestic lives? Teaming up Google Now with light switches and the thermostat could be just the beginning. Why not finally push out that weird Nexus Q thing and give us a way to tap into a new Google streaming-music service throughout the house?

Reality check: Luxuries like home automation are a tough sell when the economy isn’t so hot, even if you’re offering a relatively cheap solution. Nonetheless, this dream is one that actually has an outside chance of coming true this week. There’s been evidence of increasing activity on the @Home team and rumors of a deal on a streaming service; although, that component seems a bit more of a long shot.

What would be really great, though, would be an earth-shattering surprise at the Moscone Center that’s not on this list or any others. Maybe Google colonized the moon while we were distracted by all the buzz around Glass.

Tell us your I/O fantasy in the comments.

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The Nokia Lumia 925 is a slimmer, metal-clad version of the Lumia 920.

Nokia has unveiled a new addition to its smartphone lineup in the shape of the Nokia Lumia 925, a slimmer, metal-clad version of its previous flagship the 920.

The new phone also includes an improved camera – already a class-leading feature of the 920 – but in order to reduce thickness and weight it has lost inbuilt wireless charging.

The launch comes only a week after Nokia was questioned over its strategy, with investors concerned about the company’s decision to stick to using only Windows Phone (which has struggled to gain tractio) rather than Android.

In response, chief executive Stephen Elop reiterated that the decision to focus on Microsoft’s software gave Nokia the best opportunity to “compete with competitors like Samsung”.

Nokia Lumia 925
Nokia isn’t positioning the 925 as a replacement for the 920 but rather as an alternative, a move that makes sense considering the latter’s inbuilt wireless charging.

Comparing the two, the 925 weighs 139g and is 8.5mm thick which comes in as 46g lighter and 2.2mm slimmer than the 920. Meanwhile the hugely popular Samsung Galaxy S4, which features a larger 5in screen, weighs 130g and is 7.9mm thick.

The new phone’s processor is the same Qualcomm S4 as the 920, as is the 1GB of RAM and 2,000mAh battery, so overall performance should be identical.

However, the new model uses an AMOLED screen rather than IPS LCD. Both displays are 4.5in across and feature a resolution of 720 x 1280 pixels, putting them a step behind the 1080p resolution models of the Galaxy S4 and HTC One, though considerably ahead of the iPhone 5.

Also tweaked is the camera, which now features a six-element lens arrangement, up from five on the 920. The extra element should help correct image distortions for a sharper image. Otherwise it is still the same 8.7MP unit that uses motors to stabilise the lens and image sensor for class-leading low light image quality.

However, one feature that hasn’t been added to this phone, which was added to the recently launched Nokia Lumia 928, is a Xenon flash. These are much more powerful than LEDs, though can’t be used for video. The 925 instead uses two LEDs.

Perhaps most crucially of all, the Nokia Lumia 925 will still run Windows Phone, which although growing steadily in terms of user uptake and app support is still a distant third to Android and iOS. Time will tell if the new phone can turn around the fortunes of Nokia and Windows Phone.

Are you a Lumia 920 user? Are you tempted by Windows Phone? Let us know your thoughts in the forum.

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Do you know what this Klingon is saying? Bing does.

(Credit:

Brett Weinstein)

‘Ij, eartHlIngh, veng SuvwI’ Hol chu’ tu’lu’. I’m not sure how accurate that really is, but, according to Bing, it means, “Listen up, earthling, there’s a new language in town.”

Bing is so excited about the new “Star Trek Into Darkness” movie that it added Klingon to Bing Translator, the translation service that usually handles Earth languages like Bulgarian, Turkish, and Polish.

Bing didn’t just throw together some guttural sounds and call it done. Microsoft got together with “Star Trek” studio Paramount, the Klingon Language Institute, and Marc Okrand, the creator of the Klingon language, to do it up right.

Bing gives you not one, but two Klingon options. You can translate into standard Klingon or into Klingon (Kronos). Kronos generates the pointy-looking written language of the famously aggressive alien race. It looks like it would hurt your eyes just to read it.

If you’re feeling ambitious, you can even translate an entire Web page into Klingon. I tried this out with CNET.com and reveled in compelling headlines such as, “Hut SmartpHoneS tlhantaStlchally” and “qatlh ghogh luj ghaH, qatlh narghpa’ google ceo larry page.” Scintillating stuff!

You can, of course, also translate from Klingon into other languages, though the accuracy seems a little rough.

One thing Bing Translator won’t help you with is pronouncing all this exotic stuff. I’m afraid to even try. A native Klingon speaker would probably laugh at me and then blow up my starship just for fun.

Bing translates a CNET article into Klingon.

(Credit:
Screenshot by Amanda Kooser/CNET)

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Microsoft’s touch-centric Modern UI is the company’s focus, but Windows Blue is claimed to bring improvements for keyboard-and-mouse aficionados.

Rumours that Microsoft is – at least partially – back-tracking from its Modern UI with the launch of Windows Blue later this year have come to a head, with sources indicating that Blue will include include both a Start Button and the option to boot the desktop along with additional tweaks to make things easier on keyboard and mouse users.

That Windows 8, and its tablet-centric Windows RT cousin, is based on a touch paradigm is undeniable: its Modern UI, based on the Metro user interface originally developed for Microsoft’s Windows Phone platform, just begs to be poked with a finger thanks to its blocky tile-based design. It’s also the source of much user dissatisfaction with the next-generation OS: few are complaining about the performance or features of Windows 8, but there are plenty of people queuing up to deride the experience of using Windows 8 on the desktop.

For some, it’s enough to delay an upgrade from Windows 7 – even having purchased Windows 8 at its knock-down time-limited £25 upgrade price; for others, it’s a reason to break out third-party modifications and extensions that seek to bring the Windows 8 experience back to the WIMP (Windows, Icons, Menus and Pointer) paradigm that has driven every previous version of Microsoft’s iconic operating system. While Microsoft may have hoped that touch-capable hybrids and all-in-one (AIO) systems would push Windows 8 adoption, relatively high prices – now dropping – mean that most users are still interacting with their Windows systems in the old-fashioned way: with a keyboard and mouse.

Microsoft recently confirmed that Windows Blue, also known as Windows 8.1, would be launched later this year – around August, if rumours are to be believed – but has been quiet on exactly what changes it will bring. Several leaked disc images have provided hints, ranging from a brand-new kernel revision to Modern UI tweaks – and, more importantly, the ability to bypass the divisive Start Screen altogether and boot directly to the desktop.

Now, sources speaking to ZDNet‘s Mary Jo Foley claim that Windows Blue is all about winning back those who have been lost in the transition to the Modern UI. While it won’t be a ground-up redesign, and Modern UI will still be Microsoft’s focus for the future, the sources claim that there will be tweaks made to improve the experience for mouse users: as well as the ability to add back a Start Button – though not, it would appear, a Start Menu, with the Button simply loading the Modern UI Start Screen – and boot straight to the desktop, Windows Blue is claimed to include Start Screen and Charms Menu improvements that make them easier to use with a mouse rather than a finger.

Microsoft, for its part, is refusing to comment on precisely what new features and improvements Windows Blue will bring – but with a preview release expected to launch at the end of June, reasons to avoid upgrading from a prior Windows version could be in short supply pretty soon.

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