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Business, Financial & Legal Posts - Page 17

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.




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.




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: Chris Smith | 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.




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.




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.




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.

Jay-Z says his Tidal streaming music service is 'just fine'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 29, 2015 2:30 am

Shawn Carter, known as Jay-Z, has taken to Twitter to defend his $56 million investment in the Tidal streaming music service. The company, which charges $9.99 or $19.99 per month for two different subscription packages, must compete with Spotify, Pandora, Rdio, and more established competitors - and Jay-Z thinks competitors could be engaged in a smear campaign.




Using the hashtag #TidalFacts, Carter was quick to point out that Tidal provides a better payment system for artists, and needs time to mature.


Jay-Z also described how Tidal pays musicians:


Continue reading 'Jay-Z says his Tidal streaming music service is 'just fine'' (full post)

Sources: Time Warner Cable willing to discuss acquisition by Charter

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 28, 2015 3:55 pm

Federal regulators weren't happy about a Comcast acquisition of Time Warner Cable, but it looks like Charter Communications wants a second crack at TWC. Charter failed during its first attempt to take over TWC, which opened the door for Comcast to step in and try to acquire the company.




Since the first merger attempt, however, Charter's stock value has increased - and would be more lucrative to TWC - but TWC "also is open to deals with companies other than Charter."


It's unknown if Charter will try to surpass its original $37.3 billion offer for TWC, which was topped by Comcast offering $45 billion. It's possible the company, assuming no outsiders are interested, could try to lowball TWC into a merger.

Apple's post-holiday quarter saw 61 million iPhones sold

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 28, 2015 10:30 am

Apple has reported its post-holiday quarter results, where we have seen the company pull in $58 billion in revenue, with a net profit of $13.6 billion. These numbers beat Wall Street expectations, with analysts begging Apple to report somewhere in between $52 billion and $55 billion in revenue.




During the same quarter of 2014, Apple made $45.6 billion in revenue with $10.2 billion in profits. So we can see a decent improvement year-over-year, with nearly an extra $13 billion in revenue and 30% increase in profits.


We know that Apple sold a huge 61.2 million iPhones during the quarter, which is the second highest number of iPhones sold in a single quarter to date. But, while iPhone sales continue to grow, iPad sales are dwindling. Apple sold just 12.6 million iPads during the three-month period, down from 16.4 million in the same quarter of 2014. Mac sales were also strong, with 4.6 million units being sold, up from the 4.1 million in the same quarter of last year.

Continue reading 'Apple's post-holiday quarter saw 61 million iPhones sold' (full post)

Best Buy warms up to Apple Pay, even with allegiance to CurrentC

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 28, 2015 5:30 am

Apple CEO Tim Cook said Best Buy will begin accepting Apple Pay mobile payments later this year, including as a payment method for apps.




This is a major victory for Apple, as Best Buy is a partner of the Merchant Customer Exchange (MCX), which is developing its own CurrentC mobile payment ecosystem. Best Buy reportedly has an exclusivity agreement signed with MCX, and that's why Apple Pay can't go live until the fall.


"We understand - and strongly support - our merchant partners' quest to do what's best for their customers," said Scott Rankin, COO at MCX, in a statement published by the New York Times. "As we have stated in [the] past, we are of the firm belief that there need to be at least 2-3 major players within the mobile payments ecosystem for it to succeed."

Continue reading 'Best Buy warms up to Apple Pay, even with allegiance to CurrentC' (full post)

AOL CEO: AOL-Yahoo merger just a 'dead notion' at this point

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Apr 27, 2015 10:40 pm

AOL and Yahoo will not merge together despite financial industry rumors, and the former ISP giant is focusing on developing niche business units. An AOL-Yahoo merger has been rumored for years, but investors from both companies said it's not worth the trouble of bringing up a possible merger until it's seriously brought to the table.




"We have to really make a decision whether we want to take a step back, and go back and think about doing something like [a merger], versus, do we focus on growth?" said Tim Armstrong, chairman and CEO of AOL, in a statement to CNBC.


Instead of worrying about a merger, AOL will seriously consider acquisitions that help its supply business, customer data, and video and automated ads. "You should assume we're going to do everything we possibly can to move those three things forward."

Continue reading 'AOL CEO: AOL-Yahoo merger just a 'dead notion' at this point' (full post)

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