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Business, Financial & Legal Posts - Page 14

Oracle publicly downplays rumored desire to purchase Salesforce

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: May 2, 2015 7:56 pm

Cloud computing company Salesforce is reportedly speaking with advisers regarding a possible takeover, with rumors pointing towards Oracle opening up the checkbook. Even if Oracle doesn't make a move, and Microsoft, IBM, SAP, or another company steps in, Oracle believes it is in a win-win situation.

 

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"We never comment on these kinds of things. We've never had a deal leak," Catz said in front of the media. "If it's acquired by someone else, it's probably good for us, two be honest. Everyone brings their own stuff to these things, especially someone big enough to acquire them."

 

Salesforce CEO Marc Benioff is a former executive at Oracle, and remains friends with Oracle chairman and CTO Larry Ellison. If a takeover doesn't occur, Ellison previously stated that his company would leapfrog Salesforce as the No. 1 software-as-a-service (SaaS) provider by the end of the 2015.

Furious 7 becomes one of the most successful films in history

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: May 1, 2015 6:43 am

With Furious 7 being in cinemas across the world for around a month now, it has grossed over $1.3 billion making it one of the most successful movies of all time. It was only 12 days ago that we reported it had crossed the $1 billion mark, too.

 

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Furious 7 has become the fourth most successful movie of all time, pushing Frozen and Iron Man 3 out of its way, as well as the last Harry Potter film to get its place in history. Entertainment Weekly's Jonathan Dornbush reports: "These totals are, of course, unadjusted for inflation. When that's taken into account, Deathly Hallows: Part 2 would still sit above Furious 7 for the time being-but the global ticket sales for the action film represents the incredible forward momentum Furious 7 has carried in the month since its release". He continued: "Furious 7 became the biggest film at China's box office, and will likely rank among the highest earners in the U.S. for 2015 when the year comes to a close".

 

One of the more interesting facts on Furious 7 and its $1.3 billion haul, is that most of it has come from international ticket sales. Furious 7 has only made $323 million in the US, compared to The Avengers which pulled in $623 million domestically, Furious 7 is a much bigger hit outside of the US.

Jay Z plans to perform rare songs in an effort to promote Tidal

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: May 1, 2015 3:35 am

To help generate interest in his Tidal online music service, Jay Z will host a concert featuring songs that haven't been performed in more than 10 years. To win tickets to the Tidal X: Jay Z B-Sides concert, which will be on May 13, Tidal subscribers must submit a playlist through the struggling music service.

 

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This is a clever marketing effort by Jay Z, after he took to Twitter to defend the Tidal music service. Even though it has support from major musicians, streaming music listeners still prefer Spotify, Pandora, Rdio, and other competing services.

 

Over the weekend, Tidal streamed an acoustic show featuring Jack White from Fargo, North Dakota. Tidal has 770,000 subscribers, paying either $9.99 or $19.99 per month for a subscription.

Continue reading 'Jay Z plans to perform rare songs in an effort to promote Tidal' (full post)

President Obama appreciates Japan for anime, emoji's and manga

By: Chris Smith | More News: Business, Financial & Legal | Posted: Apr 30, 2015 5:25 am

What anime do you think President Obama might like the most? In a video posted by Mashable, the big-wig was seen conducting a speech thanking Japanese people for things that he appreciates.

 

 

Alongside mentioning anime, karate and manga was the commonly-used trend of emoji's was touched upon - nothing about the eggplant though.

 

This lighthearted speech was designed in order to help solidify the political relationship between Japan and America, however we're just here wondering if he likes Sailor Moon or Dragon Ball Z.

Continue reading 'President Obama appreciates Japan for anime, emoji's and manga' (full post)

Twitter's Dick Costolo says he's not worried about job security

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Apr 30, 2015 3:30 am

Twitter continues to have a rather brutal week, with the disappointing financial results leading to a 20 percent drop in its market value on Tuesday evening. Twitter CEO Dick Costolo previously succeeded in dealing with user growth problems, but now must find ways to boost revenue.

 

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"I don't think we lost credibility," Costolo said while speaking to Bloomberg Businessweek. "I think we have been very forthright on all our calls and our time with investors about what is happening, what we are doing and how we think about things over the long-term."

 

Costolo also noted that he feels the pressure of leading Twitter: "Of course. I mean, look, anyone who tells you as like a CEO of - of a company with any number of investors, whether it's private or public that says they don't feel any investor - or pressure is lying to you. Of course you do."

Continue reading 'Twitter's Dick Costolo says he's not worried about job security' (full post)

Report: Salesforce interested in fielding takeover discussions

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Apr 30, 2015 2:10 am

Cloud specialist Salesforce has been approached by at least one potential acquirer, and is now discussing the matter with advisers, according to a report published by Bloomberg. It seems like Oracle, led by Chairman Larry Ellison, may want to bring Salesforce CEO Marc Benioff back onboard.

 

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News of a possible takeover helped boost Salesforce's shares up to $78.46, a 17.3 percent spike, during trading on Wednesday. Shares closed at $74.65, up 11.6 percent, with the company initially valued at close to $49 billion.

 

As for possible suitors, it seems Oracle is the front runner and most "realistic buyer," according to Daniel Ives, analyst at FBR & Co., in a research memo. "Oracle is desperate to establish itself as a leader in the cloud, and acquiring the leading cloud company and bringing on board a visionary leader in Marc Benioff would help toward accomplishing this goal."

Rural Australian police to receive encrypted radios

By: Chris Smith | More News: Business, Financial & Legal | Posted: Apr 29, 2015 3:31 pm

The Labor government from the state of Victoria has promised to add an extra $25 million AU ($19.9 million US) to their $10 million AU pledge ($7.99 million US) to encrypt their rural police force's radio communications.

 

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The initial amount was criticized by the opposing Liberal government who labeled it as irresponsible, however, the Emergency Services Minister Wade Noonan is proud of this pledge, stating "no longer will criminals or eavesdroppers have more sophisticated communication than country police."

 

The reason for this investment is a claimed insecurity of rural police who were previously using an analog radio service, meaning anyone with a normal radio scanner was able to listen in to communications. This is explained as an issue due to Victorian Police needing to access background checks on members of the public outside of their station will need to receive the information through radio contact - compromising the anonymity and safety of those they are researching.

Continue reading 'Rural Australian police to receive encrypted radios' (full post)

T-Mobile Q1 2015 beat expectations, company adds 1.8M subscribers

By: Michael Hatamoto | More News: Business, Financial & Legal | Posted: Apr 29, 2015 3:00 pm

T-Mobile may have overtaken Sprint as the No. 3 wireless carrier in the United States after adding 1.1 million postpaid accounts - and 1.8 million total net subscribers - during its first quarter in 2015. The US wireless carrier now has 56.8 million subscribers, and continues to add new customers at a faster rate than VZW and AT&T.

 

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This is a strong sign from T-Mobile to Verizon Wireless and AT&T, signaling its larger rivals that it must pay attention. T-Mobile endured a $63 million Q1 net loss on $7.8 billion revenue, a 13 percent year-over-year increase.

 

"We've had eight consecutive quarters with more than one million total net customer additions proving that customers want value," said John Legere, president and CEO of T-Mobile. "We expect to once again capture all of the industry's postpaid phone growth in Q1 and we've done it while delivering an all-time record low 1.3 percent churn. #WeWon'tStop."

With over 300 million users, Twitter is still bleeding money

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 29, 2015 8:35 am

Twitter might have over 300 million users, but even with this huge chunk of users, the social network is still not making any money. Twitter has just posted its Q1 2015 earnings, where we have found out Twitter has 302 million users, up 18% from the same period of 2014.

 

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The social network reported $436 million of revenue for Q1 2015, up 74% year-over-year, but missed the forecast of $440 million. Profits are not good at all, with Twitter reporting a net loss of $162 million for the three-month period.

 

Considering Facebook has 1.44 billion monthly active users, Twitter has some serious catching up to do.

Ouya is in trouble, with reports the company is wanting a quick sale

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 29, 2015 7:31 am

Ouya's fall from grace is happening very fast, with company CEO Julie Uhrman sending out a (confidential) e-mail to investors and advisors, something that Fortune got its hands on, saying the company is trying to build up interest to sell the company as soon as possible.

 

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In her e-mail to investors and advisors, Uhrman reportedly said that her primary focus is trying to secure as much of the investor capital as possible. Uhrman has reiterated her stance on Ouya, standing by her Android-powered game console, saying that the company has built something very real, and valuable. She continued, saying that she still reads tweets and e-mails from Ouya fans that use their consoles each day.

 

But, it's obviously not enough for the company to survive. We should expect to see Ouya be acquired in the coming weeks.

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