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Business, Financial & Legal Posts - Page 270

RumorTT: Is Google looking at purchasing Yahoo?

By: Array

According to the Wall Street Journal, Google Inc. has talked to at least two private-equity firms about potentially helping them finance a deal to buy Yahoo Inc.'s core business. This would be a very strategic move for Google, which would push them right against Microsoft in its bid for the company. The move is of course still in "early-stage discussions" with no formal bid put together. The Journal has a few words as to why the move could be a huge win for Google:

 

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Google is interested in selling some advertising across Yahoo's websites-something Yahoo largely does on its own today-according to people familiar with the matter.

 

Any deal involving Google could also bring other opportunities, such as bring Google's social-networking service Google+ to Yahoo's audience of nearly 700 million unique visitors a month, these people said.

 

Yahoo also has relationships with many so-called premium content publishers such as ABC News, which provides video and other content for Yahoo sites and for which Yahoo currently sells ads. Google is interested in having deeper business relationships with such publishers, one of these people said.

Continue reading 'RumorTT: Is Google looking at purchasing Yahoo?' (full post)

Netflix shares have fallen 61%, also lost 800,000 subscribers

By: Array

Netflix have had a very bad time lately, with them admitting on Monday that they lost more customers than expected in the third quarter, which stems from an issue to divorce rentals of DVDs from streaming video services, and they've also predicted that subscriptions for DVD delivery will sharply decline in the current period.

 

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Netflix have also projected that they'll begin to lose money for a few quarters starting in the next period, because of costs associated with their expansions in both the UK and Ireland, also announced on Monday. Investors... not so happy. It was a near-instant reaction with share prices dropping once again. They had already fallen 61-percent from their all-time high in mid-July, falling 26-percent more in after-hours trading Monday, following the quarterly report.

 

Netflix's market value was $16 billion and has now plummeted to just $4.6 billion, all in the space of three months. Netflix have also stated they've lost roughly 800,000 subscribers in the third quarter, which ended with 23.8 million U.S. customers, this is after years of a steadily increasing subscriber base.

Continue reading 'Netflix shares have fallen 61%, also lost 800,000 subscribers' (full post)

Microsoft's YouTube channel was hacked over the weekend

By: Array

Microsoft's YouTube channel was hacked over the weekend, the results of which, all of their videos were removed. The unknown attacker changed the background on the channel to one that included the titles "Predator Cinema" and also a message saying "I DID NOTHING WRONG I SIMPLY SIGNED INTO MY ACCOUNT THAT I MADE IN 2006 :/".

 

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The entire archive of videos on Microsoft's YouTube channel were replaced by short clips titled "We are sponsoring!" and "Make us a background to get a Subbox!!!". There was another video that also showed a scene from the video game LA Noire, with one character shooting another in the head.

 

Microsoft of course confirmed the attack yesterday afternoon saying:

 

We have regained control of the Microsoft channel on YouTube, and we are working to restore all of the original content. We will continue to work with YouTube to ensure safeguards are in place for the future.

Continue reading 'Microsoft's YouTube channel was hacked over the weekend' (full post)

Microsoft now collecting money on half of all Android devices sold

By: Array

A growing list of mobile device manufacturers are now handing Microsoft sweet, sweet cash every time they sell a smartphone or tablet running Google's Android or Chrome operating systems. Compal is the latest in a long list to pay Microsoft royalties, the Taiwanese-based company signed a patent licensing agreement with Microsoft that will see them paying an undisclosed amount of money to Microsoft to avoid being sued for allegedly infringing on its patents.

 

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This is the 10th Android-related licensing agreement Microsoft has signed in the past 18 months. It has now evolved into its own beast and is becoming a serious revenue stream for the company. According to some estimates, Microsoft will collect roughly $444 million in fiscal 2012 from Android device makers compensating it for use of its patent portfolio.

 

Microsoft stated today that it now has patent license agreements with companies accounting for more than half of all Android devices.

 

Wow. Well, at least they're not just suing other companies because they're strong competition, huh?

WikiLeaks is on the verge of shutting down

By: Array

WikiLeaks is pretty close to a cliff right now, unless they can overcome blockades put in place by US financial institutions. Founder of WikiLeaks, Julian Assange, said on Monday at a news conference in London that WikiLeaks needs $3.5 million over the next year just to continue normal operations.

 

 

WikiLeaks is powered solely on supporter donations and if those backers are unable to throw enough money at the organization, Assange says "we will simply not be able to continue by the turn of the year." With both MasterCard and Visa halting donations to WikiLeaks in December 2010, it did not help the situation one bit. Several others have followed suite, including Bank of America, eBay, PayPal and Western Union, which when put together, represented 95-percent of WikiLeaks' revenue.

Continue reading 'WikiLeaks is on the verge of shutting down' (full post)

Google expands Mountain View office complex, costs $100 million

By: Array

Google has reportedly just thrown $100 million on a Mountain View office complex, continuing its real estate expansion. Google paid $100 million for a 240,000-square-foot office near its HQ. A Google spokesperson confirmed that they purchased the space, known as The Landmark at Shoreline. But, declined to disclose the purchase price.

 

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David Radcliffe, Google's vice president of real estate and workplace services, said in a statement:

 

As we continue to hire it's important to find space for our new employees. The Landmark is strategically situated adjacent to our offices and we look forward to incorporating it into our campus.

 

The new Mountain View complex still adheres to zoning rules, which allows Google to employ 960 workers at its new office. The Google spokesperson declined to say just how many employees would eventually work there. So far, Google have spent roughly US$225 million for fifteen other properties, all existing buildings, creating a unique campus outlay.

Microsoft earnings call: record Q1 revenue of $17.37 billion

By: Array

Microsoft have had a very first... er.. first quarter ending Sept. 30, 2011. Microsoft posted a quarter revenue of $17.37 billion, a 7-percent increase over the same period of last year and a tad higher than the expected $17.26 billion.

 

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Office was the standout, though; Office accounted for $5.62 of that income, with Windows staying flat and actually falling below expectations. Microsoft's net income of $5.74 billion was a decent jump of 6-percent over the same time last year.

Continue reading 'Microsoft earnings call: record Q1 revenue of $17.37 billion' (full post)

eBay's Q3 revenues are up 32%, meets analysts expectations

By: Array

eBay have met expectations of analysts in Q3 with revenues increasing 32-percent to $3 billion compared to the same period last year. eBay's net income sat at $490.5 million, or 37 cents per share. Non-GAAP revenues, which eliminates the impact of several recent multi-million dollar acquisitions, totaled $682.2 million, or 48 cents per share, meeting analyst expectations perfectly.

 

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Revenues estimates were high, with them ranging from $2.25 billion to $2.9 billion which is according to a poll of analysts by Thomson Reuters. Just before the earnings were released, eBay's stock was down 80 cents, or 2.4-percent to close at $33.07, and in after hours, the stock continued the downward motion dropping another 4.3-percent. Reasoning behind this isn't 100-percent, but it could be its revenue outlook for Q4, which should be its busiest because of the holidays.

Continue reading 'eBay's Q3 revenues are up 32%, meets analysts expectations' (full post)

Dropbox rejected Steve Jobs/Apple's acquisition offer of $250 million

By: Array

Dropbox back in 2009, reportedly turned down a nine-digit, rumored to be $250 million, from Steve Jobs and Apple. Back in 2009, Dropbox was only two years old, but Steve Jobs could see the use in Dropbox before there was iCloud. Steve Jobs led the first and only meeting with the Dropbox founders, Arash Ferdowsi and Drew Houston, telling them they should sell to Apple because Apple would crush their company with a competing product.

 

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That recently product is the recently launched iCloud service... the following quote is from the Forbes article (and cover story) written by Victoria Barrett:

 

In December 2009 Jobs beckoned Houston (pronounced like the New York City street, not the Texas city) and his partner, Arash Ferdowsi, for a meeting at his Cupertino office. "I mean, Steve friggin' Jobs," remembers Houston, now 28. "How do you even prepare for that?" When Houston whipped out his laptop for a demo, Jobs, in his signature jeans and black turtleneck, coolly waved him away: "I know what you do."

Continue reading 'Dropbox rejected Steve Jobs/Apple's acquisition offer of $250 million' (full post)

AMD's shares bulldozed by over 5-percent in the past week, over 50-percent in 6 months, thanks, Bulldozer?

By: Array

Well, AMD's Bulldozer launched last week to much of the publics dismay. It did not really cause the ruckus that AMD probably expected, unable to trip up the current CPU champion, Intel's Core i7. AMD's shares have since seen quite the dip, with Friday, October 14 seeing their share price hovering at $4.90 per share, and now they've experienced a sharp decline of 5-percent down to the $4.70 or so per share mark.

 

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Thought that was bad? Well, I clicked on the 12-month period for AMD's shares and on Feb 25th, 2011 they peaked (for the 12-month period) at $9.29 per share... quite the slump they've seen. The point of this complete decline in shares saw it starting on Sep 16th, 2011 where it was sitting at $7.20, and has declined virtually everyday until Bulldozer's lacklustre launch. Did the industry know what was going to happen?

Continue reading 'AMD's shares bulldozed by over 5-percent in the past week, over 50-percent in 6 months, thanks, Bulldozer?' (full post)

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