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Business, Financial & Legal Posts - Page 59

Google stock on track to hit $1,000 per share, the sky is the limit

Google is on a path of serious domination, with its stock prices hitting nearly $1000 a piece after it had reported a large increase in mobile and video advertising that helped the Mountain View-based giant increase its quarterly revenue up 23%.

 

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The company has seen paid clicks increase 26% in the last three months ending on September 30, which represents the highest rate of growth in the past year. There's an offset though, with an 8% fall in average cost-per-click. J.P. Morgan analysts said "We view solid paid clicks growth to be a good indicator of demand, driven by the continued shift to mobile." The analysts expected a huge 21.5% growth.

 

Comparing this to Apple in 2012, who were poised to become the first company to be worth $1 trillion, it has certainly fallen from grace. Google is now positioned to be a serious contender as one of the most powerful, valuable companies in the world.

Huawei to build $200 million R&D center in the UK

Huawei is set to build a new R&D center in the UK, where the Chinese telco giant will spend around $200 million on it as part of its $2 billion investment plans. At the moment, Huawei employ around 80 R&D staff in its office in Ipswitch, with this number ballooning out to 300 once the new R&D offices are opened in 2017.

 

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This is big news as it pushes Huawei to be bigger and bigger, with the Chinese company now the biggest telecommunications equipment maker in the world, where it employs over 150,000 people across the world. Over the next couple of years Huawei will employ an additional 5,500 people throughout Europe as it focuses on making inroads into Europe after the US accused it of having strong ties with Chinese military and the government.

Sony to shy away from US market, shifts toward Europe and Japan

Sony has some great devices, but it looks like those in the two biggest smartphone markets in the world, China and the United States, won't be markets that Sony will be concentrating on going into the future.

 

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The Japanese electronics giant will instead focus its business to markets where it is strong, which is Europe and Japan. Sony does not have any plans for "the world's two largest smartphone markets, China and the United States." Sony CEO, Kazuo Hirai, says: "Those two are the most important areas for us and we'll put substantial resources there. But not yet for the U.S. and China."

 

The US market is a hard one, and even harder for Sony as T-Mobile is the only major US carrier to offer consumers Sony smartphones. Moving to China, where "homegrown brands" like ZTE, Huawei and Xiaomi are making leaps and bounds, even in front of global superstar Apple and its iPhone.

Apple joins Google in quest for BlackBerry engineers

Following in Google's footsteps, Apple is looking to gain from BlackBerry's ongoing demise. Unlike Google who opened up an engineering hub just down the road from BlackBerry, Apple is looking to poach employees from the failing company via LinkedIn.

 

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Just days after BlackBerry announced that it would be laying off more than 4500 employees, Apple began sending out invitations via LinkedIn to a recruitment event that was being held just 15-minutes down the road from BlackBerry headquarters. Normally poaching employees is frowned upon, but with BlackBerry now resuming talks of being split up and sold off, I am sure that these engineers see these acts from Google and Apple as a blessing.

Continue reading 'Apple joins Google in quest for BlackBerry engineers' (full post)

Fairfax Financial fails to secure funding to buy BlackBerry

BlackBerry's board of directors have once again resumed talks of breaking the company up into pieces and selling things off to the highest bidder. The breakup talks have resumed after Fairfax Financial announced that it has failed to secure capital to fund the $4.7 billion needed to purchase the company.

 

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A breakup sale might actually turn out to be more beneficial for BlackBerry as the company's patents are estimated to be worth over $3 billion alone, the rest of the company could be sold for another $2 or $3 billion as companies like Apple, Microsoft, and Samsung could buy bits and pieces to strengthen their grip on the smartphone market.

HP CEO: Microsoft is no longer a 'partner,' is now a 'competitor'

HP CEO, Meg Whitman, told analysts on Wednesday that the company she steers, has been "a little late to the game" when it comes down to shifting from the traditional PC to the mobile market.

 

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Whitman added that Microsoft and Intel have gone from longtime partners of HP, to "outright competitors." She said that HP is moving, very aggressively, to diversify behind traditional PCs, which are looking like a dead end for HP. She said: "Wintel-based devices are being aggressively displaced by ARM-based PCs and mobile devices. PCs are declining while tablets are growing... Current long-running partners such as Intel and Microsoft are becoming outright competitors."

Some BlackBerry 10 developers leave, form their own design firm

A handful of BlackBerry 10 developers have left the company, driving themselves forward and opening up their own design firm called Topp. These developers joined BlackBerry when their previous employer, The Astonishing Tribe (TAT) was acquired back in 2010.

 

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The Topp crew said they became the key personnel responsible for designing and developing BB10 during their few years at BlackBerry. Back at TAT, each member was a design and technology lead in their department, where collectively, they have worked on projects for some of the biggest companies in the world, which include: Samsung, Google, Sony Ericsson, Nokia, Disney, and PayPal.

 

What are Topp doing now? Well, they're based in Sweden, with their website stating that they are a digital design studio who works on new products and breathes life into innovative ideas using design, prototyping and technology. Topp specializes in mobile, automotive, consumer electronics, home appliances and retail experiences.

Lenovo looks to acquire troubled smartphone manufacturer HTC

With HTC reporting record losses,and Lenovo looking to beef up its smartphone offerings its only natural that acquisition talks begin taking place. Today, a Taiwan website is reporting that Lenovo has approached HTC in an attempt to begin talks involving acquiring the company's handset business.

 

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The meeting is said to have taken place in late August and that a buy-out was considered. While this move may seem beneficial to many industry analyst, I feel that a turnaround is pending for the once king of Android smartphones. With devices like the HTC One being named as the best smartphone ever made by many of the biggest names in tech media, the company just needs to keep the momentum going by releasing new and exciting products.

RumorTT: Lenovo secretly meeting with HTC over an acquisition talks

We've been all over the problems that HTC has been having lately, but it looks like it could be saved with a rumored acquisition from a much bigger giant: Lenovo. Lenovo has been here, done that, with acquisitions, when it acquired the ThinkPad brand from IBM.

 

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The reports state that Lenovo would acquire HTC's brand, pushing out devices under the HTC name still. Korean publication, eToday, has reported the news, saying that executives from both camps have been meeting since late August. This would make sense, as to why HTC doesn't seem so worried to continuously slide lower and lower in terms of profits.

 

Lenovo is quite strong in China with its smartphones, so an acquisition of an already great smartphone maker would definitely make sense. Especially in those super hot emerging markets where there are billions upon billions of dollars to be made.

PayPal begins letting users pay by scanning a QR Code

PayPal has been seemingly fighting an uphill battle while trying to get it's mobile payments system off the ground, and established mobile payment competitors like Square are not making things easy. In an effort to make paying with your mobile phone even easier, PayPal today announced a new way to pay by using QR Codes, something they hope will become the defacto payment method for mobile purchases.

 

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The new QR code payment services works by letting you check into a location with the PayPal mobile app, and then a QR Code is generated which the business can then scan to complete the payment. If the merchant does not have a scanner that is QR code friendly, a code is provided that can be punched into a PIN Pad to complete the transaction. This new service is set to begin rolling out in Q1 of 2014, and only time will tell if it is a good move or not.

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