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Business, Financial & Legal Posts - Page 7

EA gets voted out of the Worst Company in America, hell freezes over

Electronic Arts was in the running to win The Consumerist's Worst Company of America award for the third year in a row, but the company has been voted out of the running.

 

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Time Warner Cable is now in EA's position, with the company winning out the race bracket with 51.2% versus EA's 48.8%. The Consumerist explains: "Despite its cock-up of the Battlefield 4 and Titanfall releases, EA just didn't have the all-out support that it had received in the previous two tournaments. And while Time Warner Cable has always merited a spot in the WCIA brackets, the company's pending merger with former WCIA champ Comcast undoubtedly played into readers' voting decisions."

 

The Consumerist continues: "Judging by the absolute crushing that Comcast brought down on Yahoo in its first round match, there is a lot of hatred out there for the nation's largest cable/Internet provider, and today's TWC result confirms that voters are more than happy to spread that hate around."

Cloud company Box will go public, though don't expect profit soon

Cloud-storage service Box plans to go public and has reportedly filed an initial public offering, aiming to raise $250 million, with company CEO Aaron Levie warning Box won't be profitable for the "foreseeable future."

 

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Box has 25 million registered users and more than 34,000 paying companies as clients - and while revenue increased 111 percent year-over-year, up to $124.2 million, losses increased from $112.6 million to $168.6 million.

 

"We are moving toward an information economy, where every worker will be an information worker, and every business, regardless of industry, will be in the information business," Levie wrote in an open letter to investors. "Our role at Box is to help enable this transition for every organization in the world."

 

Box is a popular Silicon Valley storage startup, but with Dropbox, Google, Microsoft, Barracuda Networks, and scores of other companies offering online storage, it's going to be extremely difficult to compete long-term.

Continue reading 'Cloud company Box will go public, though don't expect profit soon' (full post)


Supporters hope bitcoin helps spur a global financial revolution

Digital currency bitcoin has endured ups and downs over the past 12 months, and clearly is shaking up the financial industry. More consumers are becoming familiar with bitcoins, while businesses are embracing the payment, and governments remain unsure how to utilize the online currency.

 

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An upcoming meeting in Paris led by the World Wide Web Consortium (W3C) should involve an active bitcoin discussion, in which companies such as AT&T, Deutsche Telekom, US Federal Reserve, and other major organizations listen and share experiences - as bitcoin legality and legislation still remains a difficult battle.

 

"The rise of bitcoin has changed everyone's idea of what a good payment system should be," said Manu Sporny, Digital Bazaar CEO, in a statement. "bitcoin raised the bar, so everyone's got to come in and match that in some way."

 

The fall of Mt. Gox and other bitcoin exchanges, however, have made foreign government officials hesitant to throw support behind digital currency. Meanwhile, the launch of SpainCoin hopes to offer stability for a digital currency, with SpainCoins offered to Spanish citizens - and will prove to be an important guinea pig for regulation.

Continue reading 'Supporters hope bitcoin helps spur a global financial revolution' (full post)

Nokia and Microsoft deal expected to close in April

Microsoft announced that it was dropping over $7 billion to purchase the Devices and Services arm of Nokia back in September of last year. The deal required the approval of regulators in the US, Europe and Asia before it could close.

 

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Nokia originally expected the deal to close in Q1 2014. If you are paying attention this is the last month of Q1 and now Nokia is saying that the deal won't close until next month. Nokia is predicting that the final approvals will come and the deal will close in April.

 

Nokia and Microsoft are both committed to the deal despite the delays. The required regulatory approvals in the US and Europe have been received. The delay is because the Asian approvals haven't come in.

Continue reading 'Nokia and Microsoft deal expected to close in April' (full post)

Apple rumored to release iTunes for Android as sales decline

Revenues on music sales on iTunes continue to slide, but is Apple looking at releasing iTunes on Android? Billboard is reporting just that, looking to fill in some of its financial holes by expanding iTunes to Android, and launching a paid music subscription service.

 

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It's not like the competition hasn't done this, as Google has its Google Play Music service on iOS, but for Apple to do it, it is almost unthinkable. The iPhone maker makes up around 40% of the US digital music market, but the market itself is seeing double-digit declines in revenue over the last couple of years. Apple currently has a free, ad-supported radio service with its iTunes Radio, but it secures most of its profits in media from the standard single and album sales through the iTunes Store.

 

If the company moves toward a flat rate subscription music service, it could create a new revenue stream for itself, but it wouldn't exactly stem the losses it is experiencing through iTunes. Expanding the service to Android on the other hand, could open the company up to hundreds of millions of new devices and consumers who wouldn't be buying content through the iTunes Store.

Continue reading 'Apple rumored to release iTunes for Android as sales decline' (full post)

Microsoft read bloggers Hotmail messages to plug leak

Yesterday I mentioned that an ex-Microsoft employee had been arrested for leaking secrets to a French blogger having to do with windows 8. I thought it was stupid that the man who was arrested used Microsoft platforms like SkyDrive to leak the details. A smart criminal would have taken his illegal activities to another platform.

 

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Microsoft has now admitted that to catch the source of the leak, it had read messages in the bloggers hotmail account. Microsoft still hasn't said who the blogger is, but it has said it read his emails to catch the leaker.

 

Microsoft says that its search is technically legal, but that in the future it will consult outside consul before reading private emails. As you might know, Hotmail is owned by Microsoft and is now called Outlook.com.

Continue reading 'Microsoft read bloggers Hotmail messages to plug leak' (full post)

Former Microsoft worker arrested for leaking software secrets

A former Microsoft employee was arrested this week for allegedly leaking details of Windows 8 and other software to an unnamed technology blogger. The former workers is Alex Kibkalo, who was previously a senior architect at the software giant.

 

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The man was arrested this week and according to the complaint filed on March 17, he passed trade secrets having to do with Windows 8 to a French blogger. Microsoft says that its investigation found that Kibkalo had uploaded software that includes pre-release versions of updates for Windows 8 RT tablets and the Microsoft Activation Server Software Development Kit.

 

The former Microsoft worker had uploaded the files to a computer located in Redmond, Washington. He later uploaded that software to his personal Windows Live SkyDrive account where he provided the blogger links to the software and a password.

Continue reading 'Former Microsoft worker arrested for leaking software secrets' (full post)

EA is a contender once again for 'Worst Company in America'

One has to wonder if EA keeps The Consumerist's 'Worst Company in America' awards somewhere, but the company is up for the award yet again - the third year in a row.

 

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Other contenders include Microsoft, Monsanto, Seaworld and Time Warner Cable. Back in 2012, EA won the Worst Company in America award after the controversial ending of Mass Effect 3, and then won it again last year after SimCity arrived nice and broken. This year, I'm sure the company will take the award home again, as Battlefield 4 has been more broken than SimCity ever was.

Microsoft Office for iPad rumored for March 27

One of the most profitable software products that Microsoft has is Office. Office has been around for years and so far, Microsoft has kept it off the iPad. There is a version for the iPhone, but you have to subscribe to Office 365 to get it.

 

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Rumors are swirling that new CEO Satya Nadella might be rolling out a version of Office for the iPad on March 27. According to a source claiming to be familiar with the event, the announcement will happen.

 

Microsoft has sent invites out to press for the March 27 date promising announcements in cloud and mobile. Some analysts think that Microsoft has been giving up as much as $2.5 billion a year in revenue by not having the productivity suite on the iPad.

Continue reading 'Microsoft Office for iPad rumored for March 27' (full post)

SpainCoin aims to stabilize cryptocurrency as real payment method

To help the Spanish people "break free from their shackles," the new SpainCoin will pre-mine and share 50 percent of Spaincoins to Spanish nationals.

 

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The cryptocurrency is valued around $50 million.

 

"Using SpainCoin is a way for the individual to get back his freedom and have 100% control over his money and assets, breaking free from the shackles of central banks," the official SpainCoin website notes. "Unlike other cryptocoins, less accessible for the general population, SpainCoin will be distributed among all Spaniards."

 

Those interested in learning more about Spaincoin can view this forum post, or visit the official Spaincoin website.

Continue reading 'SpainCoin aims to stabilize cryptocurrency as real payment method' (full post)

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