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Business, Financial & Legal Posts - Page 285

Both Facebook and Google wanted to acquire Twitter, at $10 billion

By: Array

Facebook and Google both had Twitter in their targets last year and even went as far to have talks with Twitter. Obviously all three companies have declined to comment on the news.

 

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The meetings have let the flood gates open and rummaging through the wreckage is a golden nugget of info, Twitter was valued by Google and Facebook at between $8 billion and $10 billion. This is all according to sources quoted by The Wall Street Journal:

 

Continue reading 'Both Facebook and Google wanted to acquire Twitter, at $10 billion' (full post)

Adult Movie Industry CTRL-C, CTRL-V's the RIAA's methods of revenue

By: Array

The RIAA has been sniffing up the arse of a tonne of people who download illegal content over the past few years, with 100, 000 copyright infringement lawsuits in the USA in the past 12 months alone.

 

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But now, the pornography industry are following in their footsteps by suing everybody in sight in order to scare people into no longer downloading their content. The Hurt Locker was last year's Oscar winning film about the Iraq war. The producers behind it complained that nearly nobody had seen the movie and that the result of this were illegal downloaders.

 

Continue reading 'Adult Movie Industry CTRL-C, CTRL-V's the RIAA's methods of revenue' (full post)

Intel purchase of McAfee gets approval by EU regulators

By: Array

It's hard to keep up with all the goings on in the tech world. The proposed purchase of security firm McAfee by Intel first surfaced back in the summer of 2010. The deal didn't get the nod in the US until December. While the US was eyeing the purchase, the EU was as well.

 

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Intel has now received the approval it needs in the EU to complete the purchase. The deal will cost Intel $7.68 billion and will let the chipmaker integrate its processors much more tightly with security software. Before the EU would approve the deal, Intel had to put some commitments in writing.

 

The commitments included an agreement to allow other security software makers access to the same hardware McAfee has access to, and to allow other hardware makers to be supported by McAfee. Specifically AMD is to have access. The deal is expected to complete this quarter.

 

Continue reading 'Intel purchase of McAfee gets approval by EU regulators' (full post)

Facebook lands $1.5 billion in new investments

By: Array

Facebook started as the new guy in the social networking scene a few years ago when MySpace was dominating the market in the US. Facebook had more cool to it than MySpace though and users started flocking to Facebook and away from MySpace. Today MySpace is nearly at an end.

 

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While MySpace sinks, Facebook is riding the tide of success to new heights all the time. The latest round of financing for Facebook has happened over the last month or so. The interesting part to me is that Facebook didn't seek more money; Goldman Sacs approached Facebook with an offer for investing in the company.

 

Over the last several weeks, Facebook has taken in $500 million of new investment and an additional $1 billion in new investment from overseas. Facebook could have taken as much as $1.5 billion from the overseas investors and actually turned some of the money offered down. Facebook reports it has no plans to use the money right now and will use it as cash reserves. Facebook is valued at $50 billion.

 

AMD ships 1.3 million Fusion APU's, also 35 million DirectX 11 GPU's

By: Array

AMD has posted their quarterly results showing $1.65 billion in revenue, $375 million in net income. It doesn't sound impressive, but the numbers their pushing with products is getting there.

 

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1.3 million Fusion APU's shipped to AMD partners (since November), Radeon HD 5000 and HD 6000 series GPU's have passed the 35 million units shipped mark. Not bad, not bad at all.

 

Facebook IPO could hit the market next year

By: Array

Facebook's worth a ton of loot; we all know that. The latest reports estimate Zuckerberg's empire at around $50 billion. The new piece of news that was unleashed today is that Facebook has a timeline for going public: April 2012.

 

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While the idea of owning Facebook stock sounds a little odd when you first think about it, the company is big business and is expecting to pass 500 shareholders at some time this year, which will require the company to start filing public financial reports. This will most likely result in a Facebook IPO hitting, which makes sense for the company if it continues growing at this staggering rate. Imagine; hitting the Like button to keep your investments profitable!

 

Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman

By: Array

Google had their quarterly earnings release today and along with it they've announced their top-level management structure, with co-founder Larry Page replacing Eric Schmidt as CEO as of April 4th.

 

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Page will handle the day-to-day operations while Schmidt will become Executive Chairman and focus on business deals, partnerships and outreach. Co-founder Sergey Brin will use his power for new and strategic product efforts.

 

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Kinect developer Johnny Chung Lee leaves Microsoft for Google

By: Array

Infamous Wii-hacker Johnny Chung Lee has left Microsoft after working for them with Project Natal (now known as Kinect). Johnny worked for Microsoft for three years working on human tracking algorithms for the Kinect within the Microsoft Applied Science group.

 

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He has jumped ship to Google and is taking a position as a "Rapid Evaluator" - what this is, I do not know, but it could be a big win for Google's rumored Gaming portal.

 

A behind the scenes look at how Lexar makes their products

By: Array

Found this video on my daily troll of websites, a behind the scenes look at Lexar (a division of Micron) and their production process. Micron is the only chip manufacturing plant in the US and more specifically it's in Ohio.

 

 

The video is great, little facts amaze me like, the plant's clean room is 100 times cleaner than a hospitals operating room. Crazy fact! It also shows just how much work can go into something so small.

 

Continue reading 'A behind the scenes look at how Lexar makes their products' (full post)

Steve Jobs takes medical leave of absence from Apple

By: Array

It looks like Apple CEO Steve Jobs is off to battle another nemesis, and it's not the PC or competing tablets. Jobs announced to his employees this morning that he is taking a medical leave of absence from Apple, leaving Tim Cook to handle the day to day operations at Apple.

 

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You can say what you want about Jobs, but you can't say he isn't tough. His previous medical history includes a bout with Pancreatic Cancer in 2004 and a liver transplant in 2009, both of which he fully recovered from. No specifics were relased about the reason for the latest leave of absence, but more may be released during Apple's Q4 and 2010 earnings release tomorrow.

 

Continue reading 'Steve Jobs takes medical leave of absence from Apple' (full post)

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