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Business, Financial & Legal Posts - Page 277

Telstra set to open 100 new stores over the next 3 years

By: Array

Telstra are set to open 100 new stores over the next three years, the stores will feature a simpler product range and accessories tailored to suit local markets, Telstra chief executive David Thodey said. "Our existing stores welcome around 30 million customer visits each year, and this initiative means our retail outlets will now appear in even more locations, making it easier and more convenient for customers to interact with us," Mr Thodey said.

 

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Telstra are also looking at a new online customer service unit to improve customer satisfaction with the boom in its customer base. The unit would develop ways for Telstra customers to do more of their transactions such as, changing plans, ordering new services, or activate additional features, online rather than having to call a call centre.

 

Continue reading 'Telstra set to open 100 new stores over the next 3 years' (full post)

RumorTT: AMD is up for sale?

By: Array

Rumor has it AMD is for sale, with the rumors circling around AMD's stock rose by roughly 5-percent on Monday. Wedbush Securities analyst Patrick Wang said "there is no management team there" and he is right. CEO Dirk Meyer was forced out last month, COO Bob Rivet and strategy chief Marty Seyer last week.

 

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That's quite the loss for AMD all at once which leaves AMD with a large buyout target on it's back. Adding to the rumor-mill is Dell are interested in AMD. Dell could do with the acquisition as it would distance itself from the cold, corporate world that is Hewlett Packard, Lenovo and other rival system-builders.

 

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Valve is more profitable per head than Google or Apple

By: Array

Valve's digital distribution platform, Steam, has been rumored to control between 50 and 70-percent of the entire downloadable PC games market. The digital distribution market on PC is said to be worth $4 billion USD.

 

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Newell talked to Forbes as part of a company profile and said that Valve was "tremendously profitable", but would not give specific figures. Valve is a private company after all and does not release financial reports publicly either. Newell did say that Valve's 200 percent year-on-year growth and relatively small headcount of just 250 employees made the company more profitable than Google or Apple.

 

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Both Facebook and Google wanted to acquire Twitter, at $10 billion

By: Array

Facebook and Google both had Twitter in their targets last year and even went as far to have talks with Twitter. Obviously all three companies have declined to comment on the news.

 

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The meetings have let the flood gates open and rummaging through the wreckage is a golden nugget of info, Twitter was valued by Google and Facebook at between $8 billion and $10 billion. This is all according to sources quoted by The Wall Street Journal:

 

Continue reading 'Both Facebook and Google wanted to acquire Twitter, at $10 billion' (full post)

Adult Movie Industry CTRL-C, CTRL-V's the RIAA's methods of revenue

By: Array

The RIAA has been sniffing up the arse of a tonne of people who download illegal content over the past few years, with 100, 000 copyright infringement lawsuits in the USA in the past 12 months alone.

 

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But now, the pornography industry are following in their footsteps by suing everybody in sight in order to scare people into no longer downloading their content. The Hurt Locker was last year's Oscar winning film about the Iraq war. The producers behind it complained that nearly nobody had seen the movie and that the result of this were illegal downloaders.

 

Continue reading 'Adult Movie Industry CTRL-C, CTRL-V's the RIAA's methods of revenue' (full post)

Intel purchase of McAfee gets approval by EU regulators

By: Array

It's hard to keep up with all the goings on in the tech world. The proposed purchase of security firm McAfee by Intel first surfaced back in the summer of 2010. The deal didn't get the nod in the US until December. While the US was eyeing the purchase, the EU was as well.

 

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Intel has now received the approval it needs in the EU to complete the purchase. The deal will cost Intel $7.68 billion and will let the chipmaker integrate its processors much more tightly with security software. Before the EU would approve the deal, Intel had to put some commitments in writing.

 

The commitments included an agreement to allow other security software makers access to the same hardware McAfee has access to, and to allow other hardware makers to be supported by McAfee. Specifically AMD is to have access. The deal is expected to complete this quarter.

 

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Facebook lands $1.5 billion in new investments

By: Array

Facebook started as the new guy in the social networking scene a few years ago when MySpace was dominating the market in the US. Facebook had more cool to it than MySpace though and users started flocking to Facebook and away from MySpace. Today MySpace is nearly at an end.

 

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While MySpace sinks, Facebook is riding the tide of success to new heights all the time. The latest round of financing for Facebook has happened over the last month or so. The interesting part to me is that Facebook didn't seek more money; Goldman Sacs approached Facebook with an offer for investing in the company.

 

Over the last several weeks, Facebook has taken in $500 million of new investment and an additional $1 billion in new investment from overseas. Facebook could have taken as much as $1.5 billion from the overseas investors and actually turned some of the money offered down. Facebook reports it has no plans to use the money right now and will use it as cash reserves. Facebook is valued at $50 billion.

 

AMD ships 1.3 million Fusion APU's, also 35 million DirectX 11 GPU's

By: Array

AMD has posted their quarterly results showing $1.65 billion in revenue, $375 million in net income. It doesn't sound impressive, but the numbers their pushing with products is getting there.

 

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1.3 million Fusion APU's shipped to AMD partners (since November), Radeon HD 5000 and HD 6000 series GPU's have passed the 35 million units shipped mark. Not bad, not bad at all.

 

Facebook IPO could hit the market next year

By: Array

Facebook's worth a ton of loot; we all know that. The latest reports estimate Zuckerberg's empire at around $50 billion. The new piece of news that was unleashed today is that Facebook has a timeline for going public: April 2012.

 

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While the idea of owning Facebook stock sounds a little odd when you first think about it, the company is big business and is expecting to pass 500 shareholders at some time this year, which will require the company to start filing public financial reports. This will most likely result in a Facebook IPO hitting, which makes sense for the company if it continues growing at this staggering rate. Imagine; hitting the Like button to keep your investments profitable!

 

Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman

By: Array

Google had their quarterly earnings release today and along with it they've announced their top-level management structure, with co-founder Larry Page replacing Eric Schmidt as CEO as of April 4th.

 

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Page will handle the day-to-day operations while Schmidt will become Executive Chairman and focus on business deals, partnerships and outreach. Co-founder Sergey Brin will use his power for new and strategic product efforts.

 

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