Twitter's Initial Public Offering (IPO) is fast approaching and is scheduled to kick off this Thursday, November 7th, and the company could offer as many as 80.5 million shares. This morning the company announced that ahead of the IPO, it has raised the per share price to $23 to $25 per share.
If the company does offer 80.5 million shares instead of the 70.5 it initially filled for, it could raise more than $2 billion in just a few days. Twitter will finalize everything Wednesday night and trading will open Thursday morning. Let's hope that this IPO turns out better than Facebooks IPO last year, and investors begin seeing returns much faster than they did with Facebook.
Nokia fans will be happy to hear that there is at least one more Nokia branded Lumia coming down the pipes before Microsoft completes its acquisition. The new Nokia Lumia 525 has just been leaked via the Chinese certification agency TENAA, and other than hardware updates, it appears to look just like the Lumia 520.
If rumors are true, the 525 will feature a dual-core Qualcomm processor, 1GB of RAM and a 5-megapixel rear camera. Other rumors are suggesting that the device will be based around portable music and will feature pre-installed apps to facilitate music streaming. If this is truly the successor to the popular Lumia 520, Nokia / Microsoft can expect to see a major boost in sales in 2014.
The Lumia 520 is the best selling Windows Phone from Nokia with more than a 23-percent market share of all Windows Phones sold. That equates to more than 2 million Lumia 520s sold since its release based on the 8.8 million Lumia devices Nokia says it has sold. Pricing and availability have not yet been announced, and it is still unclear when Nokia might launch the device.
Earlier today, I reported on OCZ's stock taking a nosedive earlier today which saw the stock dip by almost 40-percent. While company stocks rising and falling is the nature of the stock exchange, it is quite unusual for a company to not release a statement in times of extreme fluctuations such as what OCZ saw today, and we are left wondering what is going on.
"OCZ has been dogged by liquidity/solvency fears for some time. The company ended its August quarter with just $10.6m in cash, in spite of raising $13.1M during the quarter. It has also declined to provide November quarter guidance, citing "uncertainties in being able to procure forecasted flash amounts and credit constraints," read an email alert from investor advisement website, Seeking Alpha.
While it is still unclear what is going on, we do know that OCZ is in the midst of major financial troubles and todays dip represents a new 52 week low for the SSD manufacturer. The dip down to $0.65 per share equates to more than 6x OCZ's daily average and the only thing I see happening from this is the company filing bankruptcy within the next week or two. I have dispatched an email to OCZ requesting a comment on today's market decline and have yet to receive a reply, I will update this post if and when more information comes in.
Amazon is looking to take its Prime service to the next level and will do so by launching its first original content next Friday, November 15th. The show is named "Alpha House," and will consist of three initial episodes which will be released to the public, with the remaining 8 episodes requiring an Amazon Prime subscription to view.
The same business model will apply to the company's second series titled "Betas" which will launch a week later. Unfortunately, unlike Netflix which releases all of its series episode's at once, Amazon will take a more traditional approach and release the remaining 8 episodes for both series on a weekly basis. Amazon is banking on the new original series to be a hit and has green-lighted three more original series to begin development as well. How do you feel about companies like Amazon, Netflix, and Hulu developing their own shows which you need to subscribe to to see? Let us know in the comments.
When Motorola first trademarked the Moto G name, everyone thought that it would be the company's first smartwatch based off of Motorola's Gem prototype. Unfortunately rumors have surfaced that the Moto G is actually a cheaper, and slightly less performing version of the company's flagship smartphone the Moto X.
Today Motorola launched a new teaser site that does very little to clue us in on what exactly the Moto G is, but there are pretty animation of what appears to be a Motorola connected world. If the rumors do turn out to be true, then the Moto G will feature a 4.5-inch screen, a Qualcomm processor clocked at 1.2GHz, and 8GB of onboard memory. Android 4.4 "KitKat" will be present and the phone will showcase the power of 4.4 on less powerful devices. As for pricing, with the Moto X recently being dropped to $100, we should expect to see the G retail on contract for between $59 and $79.
OCZ may have finally came to the end of its journey as a maker of SSDs if this mornings stock trading is any indication. Soon after the markets opened on Monday, OCZ began to see its stock price began to sharply decline from its opening price of $1.07 to just over $0.80 at the time of this writing.
It appears that investors have lost all confidence in OCZ after almost a year of poor performance numbers, high operational cost, and financial woes. OCZ has a monthly overhead of more than $2 million and that is before it pays its employee salaries. You might recall earlier this year when the NASDAQ threatened to Delist OCZ from its index after the company failed to disclose financial earnings. Is this the end of OCZ, or will the stock rebound before the close of trading today? Stay tuned to TweakTown for the latest breaking information on OCZ and all of the happenings in the tech world.
It appears that the long saga of BlackBerry's demise is over and the end result is not a failed company, or a new handset OEM resulting from a buyout. Instead, BlackBerry has taken itself off of the market and has received a $1 billion investment from Fairfax Holdings, the company which failed to raise $4.7 billion to buy BlackBerry earlier this year.
Along with this morning's announcement, BlackBerry said that its CEO, Thorsten Heins, will be stepping down after almost two years at the reigns. Heins will be replaced by Interim CEO, John S. Chen, who previously served as chairman and CEO of Sybase, Inc before it was acquired by another company in 2010. Todays announcements have done little to impress investors though as BlackBerry's stock is trading at $6.55 after a high of $8 last week.
"Today's announcement represents a significant vote of confidence in BlackBerry and its future by this group of preeminent, long-term investors," said Barbara Stymiest, Chair of BlackBerry's Board. "The BlackBerry Board conducted a thorough review of strategic alternatives and pursued the course of action that it concluded is in the best interests of BlackBerry and its constituents, including its shareholders. This financing provides an immediate cash injection on terms favorable to BlackBerry, enhancing our substantial cash position. Some of the most important customers in the world rely on BlackBerry and we are implementing the changes necessary to strengthen the company and ensure we remain a strong and innovative partner for their needs."
I have to admit, I rent a house that is solar-powered and it is amazing. My bills dropped from around $1600 per quarter to around $30 and I could not be any happier, unless I was pulling power from the moon.
This is exactly what André Broessel, a European architect and engineer has built. A weatherproof harvesting system that can accept power from multiple light sources, including our moon. The liquid-filled glass sphere design not only looks great, but it is able to turn light into heat, meaning it can harvest the rays of our sun, and our moon.
The sphere is made to me mounted on buildings individually, or in arrays, with a computerized control system taking control, tracking available illumination in the day, but it can also track the moon and harness its energy. I'd like one, now.
Android 4.4 KitKat may have just been announced, but the more delicious sounding Jelly Bean (Android 4.1, 4.2 and 4.3) on more than 50% of devices. Just three months ago, it was barely scratching at 40%.
Google has also unveiled that the total number of activated Android devices has finally surpassed one billion devices, quite the amazing milestone. Jelly Bean being on more than 50% of devices is a great thing, as it's finally bringing the Android OS fragmentation issues to an end, something that KitKat should really nail down.
Gingerbread is now on 26.3% of devices, Honeycomb barely exists with 0.1%, Ice Cream Sandwich is still sticking around with 19.8% of the Android OS share and Froyo is still hanging on with 1.7%.
All About Samsung has a new video that shows off Samsung's Z9005 smartphone, which is running the Samsung/Intel-developed Tizen OS. We get to have an in-depth look at the smartphone, which is the best look at it yet.
Tizen is running on Samsung's Galaxy S III smartphone, with the South Korean giant rumored to be preparing Tizen as an alternative to the unstoppable Android OS. Tizen looks like it heavily borrows from Android, which should keep Samsung's customers happy if it does indeed push Tizen onto its smart devices in the near future.