General Motors today announced plans to cut 23,000 U.S. jobs by 2011, drop its Pontiac brand and slash 40 percent of its dealer network to try to stay out of bankruptcy. CNNMoney reports that GM also announced an offer to its bondholders to swap $27 billion of the company's unsecured debt for stock.
GM is offering bondholders 225 shares of its stock for every $1,000 it owes the bondholders in principal. The move will greatly dilute the value of GM shares held by current stockholders.
The Mammoth 20 Terabyte Custom MEGA-NAS Project @ Tweaknews and other reviews from around the web can be found by visiting our forums!
“The Mega-NAS project begins. I did some research on brand name high-capacity storage solutions. It will cost $30 000 – $50 000 for a network storage solution that meets my requirements. That is well beyond my budget. It is up to me to design and build a system capable of meeting my high capacity and processing power requirements.”
New Blu-ray reader and DVD writer combo provides all-in-one PC solution for hi-def movie playback and writing DVDs Fremont, CA. – April 2009 – Lite-On, a global leader of optical storage solutions, announces the availability of the iHES208 8X internal Blu-ray Disc Combo. The Blu-ray Disc reader, plus DVD writer, provides consumers an innovative way to playback high-definition content, while maintaining the capability of archiving personal data files onto CD or DVD. The iHES208 can record on the market’s
MSI Launches new X58 Pro-E Mainboard with DrMOS and True Blu-ray Audio playback supportTaipei, Taiwan –Since the release of the Eclipse mainboards which won wide acclamation from gamers everywhere, World renowned mainboard and graphics card producer, MSI International, has now launched the new X58 Pro-E to satisfy the top-category of gamers and overclockers. Not just applying the same DrMOS and APS power supply designs, and creating a beautiful balance between power saving and performance, the X58 Pro-E also
Let’s face it — Microsoft has struggled with security, particularly on its operating systems and its Internet Explorer browser. Even as recently as this month, the Conficker virus was making its way around to Windows-powered machines as security experts scrambled to find a fix. Thus, it makes perfect sense to see Microsoft introducing a dedicated initiative to create a safer, more trusted Internet. Granted, this should’ve been implemented years ago, but we guess now is better than never.Labeled “End To End
While AT&T definitely wants to keep the iPhone to itself for as long as possible, that doesn’t necessarily mean Apple echoes that desire. Source close to Verizon and Apple say the two companies are discussing the possible development of an iPhone for Verizon, with a target of next year. However, the 2010 date as posited by the USA Today doesn’t make sense if AT&T has iPhone exclusivity until 2010, as has previously been rumored (neither AT&T nor Apple has been open on that). AT&T is pursuing
It wasn’t too long ago when we were expecting next generation GPUs to require external power bricks just to ensure that one’s PSU didn’t melt while trying to survive an hour-long Crysis session. Now, it seems that the all-encompassing ‘green’ initiative is pushing the power saving mantra all the way down to the smallest components known to man. Case in point: Microchip Technology has just introduced its next gen low-power PC microcontroller (MCU) families with nanoWatt XLP eXtreme Low Power Technology for sleep
Rich Morin, co-author of an interesting new study in the world of consumer electronics, probably said it best when he concluded that there is “nothing like hard times to focus the minds of the public on what they need and don’t need.” The aforementioned study polled one thousand Americans via landline and cellphone in early April regarding what they considered to be “essential items” and simple luxuries, and when compared to results of the same study administered in 2006, the conclusions were downright fascinating.Researchers
The ASRock X58 SuperComputer motherboard is the flagship Intel motherboard for ASRock and it is loaded with features like four PCI Express 2.0 slots and support for all Intel Core i7 processors! Read on to see how this board does against the Intel Desktop Board DX58SO and see if we can get an air cooled processor over 4GHz with the X58 SuperComputer motherboard.
Video:EVGA X58 SLI Classified 760 (Non NF200) Run-Through – VR-Zone.comTwinTech GeForce GTS 250 XT OC 1GB Graphics Card @ TweaktownZOTAC GeFORCE GTX 275 896MB Video Card Review @ FuturelooksMotherboards and Chipsets:MSI 790FX-GD70 (AM3) Motherboard @ CPU3DASRock X58 SuperComputer @ PhoronixProcessors:AMD Phenom II X4 955 Black Edition @ Legion HardwareAMD Phenom II X4 955 Black Edition review @ TechSpotMemory and Storage:Verbatim 500GB FireWire/USB 2.0 External Hard Drive Review @ OverclockersHQOCZ Blade DDR3