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Business, Financial & Legal Posts - Page 262

Alibaba.com, China's largest e-commerce firm experiences slowest growth in nearly two years

By: Array

China's largest e-commerce firm, Alibaba.com, posted an 11.9-percent rise in quarterly net profit, which is their slowest growth in nearly two years, which has led to Alibaba.com raising conerts due to a weak trade outlook coming from debt worries in Europe and the US.

 

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Alibaba.com's third-quarter results missed analysts forecasts and were attributed to a weak macroeconomic climate that led to a slower pace of customer additions. Dick Wei, an analyst with JPMorgan says:

 

They are focusing on the quality of suppliers and also improving the overall quality of products that they are offering, such as some of the newer services to help buyers to check the quality of products before they are shipped. If you look at customer growth, there are no new initiatives and growth is not that top priority at this point," Wei said. "Revenue will pick up again later in 2012 or 2013.

Continue reading 'Alibaba.com, China's largest e-commerce firm experiences slowest growth in nearly two years' (full post)

Microsoft still after a stake in Yahoo, is taking a closer look and has their cheque book ready

By: Array

Microsoft back in 2008, had a very public failed takeover attempt of Yahoo, where they were willing to dish out $46 billion to purchase Yahoo. It failed, and now according to reports, have signed a confidentiality agreement with Yahoo which allows them to take a closer look at the struggling company's business as they explore various options for striking a deal.

 

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Microsoft are joined by private-equity firms such as TPG Capital and Silver Lake, where they're going line for line over Yahoo's books and operations. Microsoft this time, is not looking for a complete takeover, but is only looking to help finance a bid as part of a consortium and not buy Yahoo outright, in a move to safeguard their ongoing web-search partnership with Yahoo.

Continue reading 'Microsoft still after a stake in Yahoo, is taking a closer look and has their cheque book ready' (full post)

China have just become the World's largest smartphone market

By: Array

It has only just been up until now, that the United States has been the world's biggest market for smartphones, but China has taken that flag and firmly planted it into their soil. Nokia is top dog in China, Samsung are a close second, whereas Apple and HTC lead the U.S. markets.

 

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China has for a long time now, had higher cell phone use when compared to the States, given that China has a population of 1.34 billion, compared to the 310 million U.S. citizens, one would think so. Strategy Analytics reports that 23.9 million units were sold in China in Q3 2011, compared to 23.3 million units sold in the U.S. for the same quarter.

 

Strategy Analytics researcher Tom Kang says:

 

China's rapid growth has been driven by an increasing availability of smartphones in retail channels, aggressive subsidizing by operators of high-end models like the Apple iPhone, and an emerging wave of low-cost Android models from local Chinese brands such as ZTE.

European Commission clears Western Digital to acquire Hitachi's HDD business, $4.3 billion

By: Array

The European Commission has approved Western Digital to acquire Hitachi's hard drive business in a cash and stock transaction valued at $4.3 billion. Once the deal is finalized, Western Digital should cover roughly 50-percent of the market, but not until some requirements are met.

 

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Requirements? Well, Western Digital will have to sell off some of its hard-disk drive production assets to a smaller competitor. The idea behind these requirements [in the eyes of the European Commission] is to ensure that competition in the industry is "fully restored before the merger is implemented."

Continue reading 'European Commission clears Western Digital to acquire Hitachi's HDD business, $4.3 billion' (full post)

Apple is edging closer to No. 1 in PC sales, HP is on their hit list

By: Array

At it stands right now, Apple is currently the second-largest PC vendor worldwide, with Hewlett Packard sitting firmly in first place. But, come to end of 2012, this could very well change. Research outfit Canalys, says Apple's share of the PC market has grown 6-percent in the past twelve months alone.

 

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What is driving this growth? The super-famous iPad, which Canalys considers a personal computer. Canalys Analysis (say that three times fast) Tim Coulling says:

 

Apple has seen its PC market share expand from 9 percent to 15 percent in just four quarters, though iPad shipments in its core market - the United States - are likely to come under pressure in Q4 due to the launch of the Fire and Nook at extremely competitive price points. HP and Apple will fight for top position in Q4.

 

With the iPad 3 set to include a high-res 2048x1536 display, it will just make the iPad 3 an even tastier option. Canalys estimates global PC shipments to reach 415 million in 2011, a 15-percent year-over-year increase, thanks largely to the Apple iPad. What I'd like to know is, is this what the "2012 is the end of the world" is going to be... Apple, of all companies, as the number one PC vendor worldwide?

Apple tease Black Friday sales

By: Array

Apple have started sending teaser posters around as announcements of their Black Friday holiday sale for this Friday, November 25th. The first teaser appeared on the Australian online store and will most likely be floating its way around the world by now.

 

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It announced:

 

The special one-day Apple shopping event. This Friday, November 25.

 

Mark your calendar now, and come back to the Apple Online Store for the special one-day event. You'll discover amazing iPad, iPod and Mac gifts for everyone on your list.

 

Apple's Black Friday discounts aren't usually too bad, but are small when compared to other retailers. Last year, Apple offered $101 discounts on their iMac, MacBook Pro and MacBook Air lines, with $11-$41 discounts on the iPods and iPads. Not bad, but not great, either.

Apple defeats Android in app revenue, by 1200-percent

By: Array

Apple lead Google by a fairly large margin when it comes to revenue generated by apps, with numbers from Piper Jaffray analyst Gene Munster suggesting Android-based users are conservative when it comes to shopping on the Android Market.

 

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The analysis shows that Android users seem to shy away from purchasing commercial apps, when compared to iPhone and iPad users who have purchased 12 times more paid apps per device. 13.5-percent of iOS customers purchase apps whilst just 1.3-percent of Android users opt for non-free software on their devices.

 

Those numbers mean nothing unless we're talking dollars, right? The Android Market generated just shy of $350 million in gross revenue, where Apple's App Store pulled in an impressive near-$5 billion. Both companies take a 30-percent cut of these totals, which is very impressive as they're just hosting them.

Microsoft and Bill Gates are in court, over Windows 95

By: Array

Microsoft Chairman and co-founder, Bill Gates, has donned his suit, put his hands on his hips and walked into court on Monday in a billion-dollar antitrust lawsuit against Microsoft over Windows 95. Yes, Windows 95.

 

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Microsoft did attempt to get the billion-dollar antitrust case dismissed by a federal court, but failed. Bill Gates was forced to take the witness stand on Monday to defend Microsoft. Novell filed the antitrust lawsuit and are attacking Microsoft over Word Perfect. Novell originally sued Microsoft in 2004, claiming that Microsoft violated U.S. antitrust laws and harmed Novell's range of software products.

 

Novell has provided an Exhibit of an e-mail from 1994, which was from former Microsoft CEO and chairman Bill Gates to his software development teams. Gates started his testimony with a history of Microsoft (or a commercial) by saying "We thought everybody would have a personal computer on every desk and in every home."

Continue reading 'Microsoft and Bill Gates are in court, over Windows 95' (full post)

You have 30 days to pay me $5,000,000

By: Array

I found this video on my stumbles through the [sometimes] strange corners of the Internet, where YouTube user 'n0w1kn0w' posted a video with the title "You have 30 days to pay me $5,000,000...", the video is below, watch it first and then read more below:

 

 

Now, it starts off all boring - at one point I thought he was building a mobile bomb that he was going to place in some Government building and then keep it there for 30 days waiting for his $5,000,000, but then the video gets quite serious with n0w1kn0w visiting a pyramid in Egypt, and rolling his remote control car into it.

Continue reading 'You have 30 days to pay me $5,000,000' (full post)

iiNet acquires TransACT for $60 million

By: Array

iiNet have just made their acquisition of Canberra-based TransACT official. The deal included iiNet scooping up the company for $60 million, and TransACT happy with the deal as they were reportedly keen to sell because of the impending rollout of the National Broadband Network (NBN).

 

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iiNet CEO Michael Malone was quoted:

 

iiNet's acquisition of TransACT represents an attractive strategic opportunity to build scale in the ACT market quickly and efficiently. In particular, TransACT's experienced and passionate management team will allow iiNet to grow its presence in the SME, corporate and government market segments, a key growth area for the Company. We are also excited about the strong existing relationship between TransACT and ActewAGL, the leading utility provider in the region, and the resulting growth opportunities for both companies.

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