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Business, Financial & Legal Posts - Page 78

Fairfax Financial fails to secure funding to buy BlackBerry

BlackBerry's board of directors have once again resumed talks of breaking the company up into pieces and selling things off to the highest bidder. The breakup talks have resumed after Fairfax Financial announced that it has failed to secure capital to fund the $4.7 billion needed to purchase the company.

 

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A breakup sale might actually turn out to be more beneficial for BlackBerry as the company's patents are estimated to be worth over $3 billion alone, the rest of the company could be sold for another $2 or $3 billion as companies like Apple, Microsoft, and Samsung could buy bits and pieces to strengthen their grip on the smartphone market.

HP CEO: Microsoft is no longer a 'partner,' is now a 'competitor'

HP CEO, Meg Whitman, told analysts on Wednesday that the company she steers, has been "a little late to the game" when it comes down to shifting from the traditional PC to the mobile market.

 

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Whitman added that Microsoft and Intel have gone from longtime partners of HP, to "outright competitors." She said that HP is moving, very aggressively, to diversify behind traditional PCs, which are looking like a dead end for HP. She said: "Wintel-based devices are being aggressively displaced by ARM-based PCs and mobile devices. PCs are declining while tablets are growing... Current long-running partners such as Intel and Microsoft are becoming outright competitors."

Some BlackBerry 10 developers leave, form their own design firm

A handful of BlackBerry 10 developers have left the company, driving themselves forward and opening up their own design firm called Topp. These developers joined BlackBerry when their previous employer, The Astonishing Tribe (TAT) was acquired back in 2010.

 

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The Topp crew said they became the key personnel responsible for designing and developing BB10 during their few years at BlackBerry. Back at TAT, each member was a design and technology lead in their department, where collectively, they have worked on projects for some of the biggest companies in the world, which include: Samsung, Google, Sony Ericsson, Nokia, Disney, and PayPal.

 

What are Topp doing now? Well, they're based in Sweden, with their website stating that they are a digital design studio who works on new products and breathes life into innovative ideas using design, prototyping and technology. Topp specializes in mobile, automotive, consumer electronics, home appliances and retail experiences.

Lenovo looks to acquire troubled smartphone manufacturer HTC

With HTC reporting record losses,and Lenovo looking to beef up its smartphone offerings its only natural that acquisition talks begin taking place. Today, a Taiwan website is reporting that Lenovo has approached HTC in an attempt to begin talks involving acquiring the company's handset business.

 

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The meeting is said to have taken place in late August and that a buy-out was considered. While this move may seem beneficial to many industry analyst, I feel that a turnaround is pending for the once king of Android smartphones. With devices like the HTC One being named as the best smartphone ever made by many of the biggest names in tech media, the company just needs to keep the momentum going by releasing new and exciting products.

RumorTT: Lenovo secretly meeting with HTC over an acquisition talks

We've been all over the problems that HTC has been having lately, but it looks like it could be saved with a rumored acquisition from a much bigger giant: Lenovo. Lenovo has been here, done that, with acquisitions, when it acquired the ThinkPad brand from IBM.

 

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The reports state that Lenovo would acquire HTC's brand, pushing out devices under the HTC name still. Korean publication, eToday, has reported the news, saying that executives from both camps have been meeting since late August. This would make sense, as to why HTC doesn't seem so worried to continuously slide lower and lower in terms of profits.

 

Lenovo is quite strong in China with its smartphones, so an acquisition of an already great smartphone maker would definitely make sense. Especially in those super hot emerging markets where there are billions upon billions of dollars to be made.

PayPal begins letting users pay by scanning a QR Code

PayPal has been seemingly fighting an uphill battle while trying to get it's mobile payments system off the ground, and established mobile payment competitors like Square are not making things easy. In an effort to make paying with your mobile phone even easier, PayPal today announced a new way to pay by using QR Codes, something they hope will become the defacto payment method for mobile purchases.

 

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The new QR code payment services works by letting you check into a location with the PayPal mobile app, and then a QR Code is generated which the business can then scan to complete the payment. If the merchant does not have a scanner that is QR code friendly, a code is provided that can be punched into a PIN Pad to complete the transaction. This new service is set to begin rolling out in Q1 of 2014, and only time will tell if it is a good move or not.

Coca-Cola opens up its own stores in developing countries

Well, I never thought I'd see the day, but Coca-Cola is now opening up one-stop shops for the most basic of human needs. The soft drink company is opening up what it is calling Ekocenters in developing countries such as Africa, Asia, and even North America and Latin America.

 

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Coca-Cola will be opening up somewhere between 1,500 and 2,000 of its Ekocenters around the world, which will supply resources such as clean water, power, Internet, vaccines, cooked meals and ice cold Coca-Cola. You know, because if you're in a developing country, you're going to sit down and pump away at some free Internet drinking some Coke.

 

The basic goal of these Ekocenters will be promoting access to water, power and health supplies, but there's no concrete yes or no on whether Coca-Cola would charge for these supplies. A pilot Ekocenter has been opened up in South Africa, and each Ekocenter will be run by a woman, according to Coca-Cola CEO Muhtar Kent.

Samsung weighs in on Best Buy stake purchase, says it won't happen

Last week we reported a rumor about Samsung purchasing a stake in US retail giant Best Buy, but it turns out this is not true. We've heard back from a Samsung spokesperson, who has said:

 

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Reports that Samsung is considering to acquire a stake in Best Buy are not true. There have been no talks whatsoever regarding stock acquisition of either company.

 

So there you have it folks, it looks like Samsung won't be swiping its black AMEX to buy some Best Buy stock after all.

Gartner says IT industry will represent 5% of global GDP next year

Gartner released data today that suggest that 2014 will be the big year of growth for the IT industry. The analytical company is suggesting that by the end of 2014, the IT industry will be worth $4 trillion, or 5% the of global GDP. This would represent a substantial increase over current metrics which say the current market share for the IT industry is just $3.5 trillion.

 

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The report says that consumer spending is the fastest growing segment of the IT industry, but Enterprise spending still makes up the substantial portion of the market. Gartner suggesst that by 2017 mobile device sales will represent over 80-percent of device spending, of which more than half will be tablets. This means that in the next four years, mobile devices will become the fastest growing segment in the IT industry.

Apple to go all-in on the Indian market with iOS devices

Apple is in some need of many more millions of customers, and what better market to pouch them from than an emerging market like India. According to The Economic Times, Apple execs in India recently hosted execs from some of the top retailers in the country.

 

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During this meeting, the Apple execs spoke of plans to open up store-in-store locations and 100 standalone stores in smaller Indian markets:

 

The new marketing vision for India was unveiled on Monday evening at a meeting with 20 CEOs and senior executives of the country's top multi-brand telecom and electronic retail chains. Apple India's senior executives spelt out plans to enter the top 50 tier II and III markets in India by selling its phones, tablets and portable music players at their outlets in an exclusive corner or a shop-in-shop, said three people who attended the meeting. They requested anonymity since Apple officials had asked them to keep details of the meeting confidential.

 

Apple wants to set up 100 exclusive standalone stores under the franchisee model in smaller markets. It's scouting for franchise partners and has made proposals to some of the multi-brand retail chains, the executives said. Apple has not set any deadline for setting up these stores in smaller towns in India, but is looking to roll them out this fiscal year.

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