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The Giving Pledge founded by Bill Gates and Warren Buffett is a great charity. Billionaires worldwide donate to it and their billions that would normally sit in their accounts looking all pretty with all of those 000's instead helps the needy.
Mark Zuckerberg together with Facebook co-founder Dustin Moskovitz are pledging half of their fortunes to The Giving Pledge. Zuckerberg previously announced on The Oprah Winfrey Show that he is giving $100 million to schools in New Jersey.
NVIDIA has lost their Quadro and Tesla manager to AMD. The story of Rob MacDonald begins with how he began with taking over NVIDIA's UK graphics sales operation in 2002 and shortly after was given control of graphic card sales into the Nordic region (Sweden, Denmark, Finland and Norway).
Rob was then promoted into Quadro sales and he has been expanding in that role ever since. Why is this news significant you ask? Professional products are the cash cow of the graphics industry...
Kogan Technologies Blog has an interesting piece on the current GST-free retail world that Myer and now Harvey Norman are wishing for. Gerry Harvey has announced he wants to follow in Myer's footsteps by offering a China-based website to sell direct to Australian Shoppers, GST free.
The blog pulls up some interesting points, but personally I do not see the point - Harvey Norman and Myer need to realise, like any retailer (with myself working in the IT retail sector as well as the super-hero posting TweakTown magician) that retail cannot continuously go up and up and up. It will fall eventually.
Well isn't that interesting! In October last year Seagate rejected a takeover bid from Western Digital. According to "two people with knowledge of the matter" Western Digital was willing to offer between 10 and 15 percent more than a competing takeover from TPG Capital which had already flashed $7.5 billion dollars under Seagate's nose.
However the sheer size of the proposal supposedly led to the refusal, not only would it have created a mammoth company, it would have also lead to huge product overlaps (internal, external HDD's, etc) and would've led to many managerial departures - on top of all of this, significant antitrust obsticles.
Well, it looks like Google's money isn't good enough for the folks at Groupon. Google reportedly offered up to 6 billion dollars for the local coupon site, but this deal wasn't sweet enough for Groupon who now reportedly pulls in around $2 billion a year in revenues.
This $2 billion figure is a lot higher than the original projections that had Groupon pulling in around $500 million a year. Groupon sees half of this amount as the other 50 percent goes to the merchant, but the full figure is counted as revenue. Three years worth of revenue obviously wasn't enough for Groupon, who is also possibly considering going public with an IPO next year.
Just two days after WikiLeaks released 251, 287 U.S. diplomatic cables to major media organizations such as The New York Times, international police organization, Interpol has placed Julian Assange on it's wanted list for "Sex Crimes" in a warrant issued by the Public Prosecution Office in Gothenburg, Sweden.
If Assange returns to Australia (his home country) he may face criminal charges. He is also under investigation in the US for espionage. The Interpol charges are relating to rape allegations made by two different women in Sweden back in August.
In the words of the great Ron Burgundy, "Boy, that escalated quickly. I mean, that really got out of hand fast!" And by getting out of hand, I mean Facebook's value, $50 billion!!
The last company valuation put them at $35 billion, at the moment there are 2.5 billion shares at around $20.76 a share.
Digital Realty Trust are a data centre reseller and hosting provider to Facebook, the company is setting a flag in Sydney for 2011 where it plans to spend $350 million on a data centre.
Digital Realty has partnered with Macquarie Capital to bid for the NSW government's data centre consolidation project. Kris Kumar who is the Asia-Pacific chief has said that it [Digital Realty Trust] have ambitious plans for regional growth, saying "I'd like to see 10 per cent of global revenue coming from Asia-Pacific in the next few years."
Finally - the future of this countries broadband seems to be making a step forward instead of sitting around gathering dust, the Australian Labor Party-backed National Broadband network is another step closer to reality as the Senate voted in favour of an AU$11 billion for Telstra's copper network.
The vote also approves the split of Telstra into both a retail group and a wholesale network group. The House of Representatives will weigh in on Monday - with it looking like all thumbs up from them too.
HP announced a few months ago that it has planned to move out of the area in the below picture, Apple have purchased the 98 acre area of land that will roughly double their current HQ in Cupertino.
The move helps Apple, as they're bigger than ever right now - they have hired an extra 12, 300 employees which raises their workforce to 46, 600 workers - many of them in Cupertino.