karachi stock exchange market has increased 1.2 million in one week though it a challenge for kse
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Saturday, February 12, 2011
“Nokia “to cut a further 1,800 jobs despite unveiling profits of €322m
The Finnish company, which produces 30pc of the world's mobiles, said the cuts, which come on peak off almost 6,000 positions lost at its Nokia Siemens division previous year, are part of its plans to get better its below par performance.
Stephen Elop, who took over as chief executive previous month, said: "Our company faces a remarkably disruptive time in the industry, with current results demonstrating that we must reassess our role in, and our approach to, this industry."
Nokia, once the preeminent mobile phone brand, has lost ground to rivals such as Apple and smart phones using Google's Android operating system.
News of the cuts came as Nokia announced better-than-expected third-quarter results. The company recorded net profits of €322m (£289m) on revenues up 5pc to €10.27bn.
Sales rose by 61pc to 26.5m units and the average selling cost of a handset rose from €64 to €65 after a series of quarterly declines.
WORLD TECHNOLOGY {WT}
Construction of (1,000) mph Car Starts
The manufacturing of the Bloodhound SSC is a main milestone for the UK based team behind it and formally marks the ending of a painstaking design process led by chief engineer, Mark Chapman.
"The biggest challenge is keeping the car on the ground," Chapman said.
"We spent two-and-a-half years building up concepts and pretty much 8 months ago we cracked the aerodynamic shape that is absolutely stable up to 1.3 mach (858 mph) and creates no lift."
It was "a real light bulb moment," Chapman says, and paved the way for detailed plans to be drawn up for the car's frame and interior.
The chassis consists of a carbon fiber composite front end, prepared by UK based Advanced Composites Group, while the back half of the car has a steel lattice frame covered with an aluminum shell.
The Bloodhound SSC's slender frame - nearly 13 meters long (41 feet), 1.5 meters wide and 2 meters tall - will house 3 separate engines.
At the middle of the car sits an 800 bhp Formula One engine built by UK-based engineering firm, Cosworth.
The engine will not only help power the car, it will also double up as an auxiliary power unit (APU) to fire up the other 2 engines - a Eurojet EJ200 and a high-test peroxide-powered rocket.
Combined, the Bloodhound SSC will produce a mind-boggling 133,000 bhp - the equivalent of over 1,200 family saloons or 160 Formula One cars, according to Chapman.
Unsurprisingly, the 6.4 ton car isn't the quickest out of the blocks and would be outpaced by a Bugatti Veyron - the world's fastest road car - in a drag race from 0-100 mph - taking 15 seconds compared to the Veyron's seven.
But it's no contest after that, Chapman says, as the Bloodhound SSC goes from 100-1,000 mph in 25 seconds.
Green is a tremendously experienced British Royal Air Force pilot and was at the helm of Thrust SSC when it set the current land speed record of 763 mph (1228 kph) at Black Rock Desert, Nevada in 1997.
But 1,000 mph is a giant leap forward for everyone involved on the project.
Thrust SSC was designed to do 850 mph and it managed 763 mph. We can predict pretty closely what will occur up to 800 mph but beyond that we don't know accurately what will happen, Chapman said.
"The biggest unknown is how the wheels damage or don't damage the surface of the desert because the only way to test it is to actually do it."
Chapman and team have spent 2 years scouting for an appropriate location to carry out the record attempt - traditional places where land speed records are broken simply aren't big or flat sufficient, he says. They finally settled on the Hakskeen Pan Desert in South Africa which Chapman thinks should permit them the 10 miles of flat surface they require to complete a record attempt.
Building is predictable to be completed within a year with the first runway tests getting underway in the spring of 2012.
WORLD TECHNOLOGY {WT}
Friday, February 11, 2011
Apple preparing £125 I-Phone Nano
A prototype seen by the identical source previous year was two-thirds the previous i-Phones and had no home button.
Apple strategy to make cost savings by resusing components, excluding the processor, from the i-Phone 4, which are now cheaper than when it was first released previous June. The i-Phone 5 is expected to incorporate an new, quicker, more expensive processor.
There has been speculation that Apple would release an "i-Phone Nano" for years, but today's report is the most solid yet. The strategy would be a reiterate of how it developed smaller, cheaper versions of the i-Pod as other manufacturer entered the market.
It is currently facing a strong challenge from Google Android devices in the smart phone marketplace. They are typically cheaper, and have already eclipsed Apple in terms of market share.
WORLD TECHNOLOGY {WT}
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