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Business, Financial & Legal Posts - Page 72

Google intros same-day local delivery in San Francisco

Google has pushed out same-day delivery to the general public in the Bay Area peninsula, which spans from San Francisco to San Jose. The service is called Google Shopping Express.

 

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Shopping can browser inventory through a web-based shopping portal, or through a new mobile app that will soon be made available to iOS and Android devices. Google will be working with participating retailers like smaller local retailers and grocers, as well as bigger retailers such as Target, Walgreens and REI.

 

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The Mountain View-based giant is offering a promotion for free unlimited delivery for six months, with standard pricing set at $5 per store, per order.

Samsung's new "Solutions Exchange" will better Android for business

Today, Samsung announced that it has created the all new Samsung Solutions Exchange, a new portal that helps developers usher in a new era of Android for the enterprise. Samsung says that the Exchange will feature an all-new App Store specifically designed for business related apps and will also feature a device software development kit that includes more than 1000 "enterprise APIs."

 

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Samsung hopes that this new initiative will help build a strong Android presence in the business and enterprise market, which at the moment is still dominated by Apple and BlackBerry. Samsung says that the new Solutions Exchange will provide a place for developers to connect with businesses who need cutting edge enterprise-grade applications for Samsung's line of smartphones.

 

"This engagement model is truly an industry first, aimed at achieving shared value across our rapidly growing ecosystem of enterprise customers, sales channels and alliances," Samsung VP Timothy Wagner said in a statement. "We are launching the Samsung Solutions Exchange as a way to help our end customers accelerate their business success."

HTC loses to Nokia in patent case, could see sales ban enforced

HTC is having enough troubles at the moment, but it looks like the knife is slowly being twisted by another struggling phone manufacturer: Nokia. On Monday afternoon, the US International Trade Commission found that several HTC smartphones infringed on two Nokia-owned patents.

 

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In regards to a third patent, HTC were found innocent, thankfully. But an injunction preventing the Taiwanese manufacturer from importing several of its smartphones could be issued. This wouldn't affect HTC's latest smartphones, but we could see the HTC Amaze 4G, Inspire 4G, Flyer, Jetstream, Radar 4G, Rezound and Sensation 4G soon banned from sale on US soil.

 

Nokia issued a statement, where it said: "Nokia is pleased that the initial determination of the ITC confirmed that HTC has infringed two of our patents."

Twitter IPO will happen and could be as big as $1.5 billion on NYSE

The possibility of a Twitter IPO has been talked about ever since Facebook filed their own last year. Some you might remember that earlier this month Twitter did indeed file to go public, but under the veil of secrecy thanks to the Jobs Act.

 

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Today, thanks to a report from VentureBeat, we're learning just how much and where the company will file its IPO. In what analysts are describing as an attempt to stay as far away from Facebook as possible, Twitter will most likely go public on the New York Stock Exchange in an IPO valued at $1.5 billion.

 

That number is quite a bit lower than the $15 billion that some analysts expected, but nevertheless the company will reportedly offer 55 million shares that will sell for around $30 each. What is still uncertain is whether the Twitter IPO will flop like Facebook's did, or if the early investors will become wealthy overnight like those who invested in Google on day one.

Nokia admits to misleading press about Elop's compensation package

When Microsoft first announced it was acquiring smartphone manufacturer Nokia, I knew there was something fishy about the deal. When ex-Microsoft exec and current Nokia CEO Stephen Elop was announced as the new head of Microsoft's Devices and Services division, things began to make sense.

 

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Fast-forward to the announcement that Elop would receive over $25 million as part of a payout in which Microsoft would cover more than half of the cost to see the wheels really start turning in my head. Today, a new report from Forbes says that Nokia has admitted to providing misleading information regarding Elop's compensation.

 

The original statement issued by Nokia said that Elop's contract and compensation package was "essentially the same" as the company's previous CEO, but after some digging through SEC filings, it was made clear that the board had made fundamental changes in Elop's contract.

 

In what can only be part of Microsoft's master plan, Elop was entitled to immediate share price performance bonuses in the event of a "change of control" situation. This means that Elop would stand to earn a great deal of money if the company was acquired by someone such as Microsoft.

Continue reading 'Nokia admits to misleading press about Elop's compensation package' (full post)

Riot Games has been named third best medium-sized workplace in the US

CNNMoney has called Riot Games the third best medium-sized business in the US. The League of Legends creator was donned with the 'award' from a global research and consulting firm called Great Place to Work.

 

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Great Place to Work assembled its list of top businesses with less than 1,000 business, with candidates being chosen for their "unique cultures" and environments on the same level as CNNMoney's 100 Best Companies to Work For compilation. Riot Games employs 846 people, of which some were plucked at random to talk about Riot Games' culture and programs.

 

Riot Games' statement reads: "This process gave us the opportunity to share Riot culture and stories, but also gave us a chance to take cultural inventory of where we're at and where we still need to go."

BlackBerry to sell off its fleet of private jets worth millions

Earlier this year amidst its growing financial troubles, BlackBerry announced its plans to sell off its two Dassault Falcon medium-range private jets. The two smaller jets would be replaced by a a long-range Bombardier Global Express Jet. The Bombardier would cost the company roughly $25 million at a time when the company was already struggling financially.

 

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Fast-forward to the past week when BlackBerry announced that it would be leaving the consumer market space as it planned to lay off 4,500 employees. Today the once king of smartphones announced that it will be selling all three of its private jets, including the two Dassault's that it never managed to get rid of after the Bombardier arrived several months ago. Analysts are suggesting that all three jets could be worth a combined $50-65 million, but that depends on the planes condition, and current market value.

 

"Several years ago, the company bought two medium-range Dassault aircraft," BlackBerry said in a statement. "Earlier this year the company decided to sell both planes and replace them with one longer-range aircraft. The company considered several options and selected a used Bombardier aircraft, which was eventually delivered in July. In light of the company's current business condition, the company has decided to sell that aircraft along with the two legacy aircraft and will no longer own any planes."

HP and NVIDIA open new research lab, will build faster computers

HP and NVIDIA have announced a collaboration that has led to the two companies opening up a joint research facility in Grenoble, France. The new R&D facility that will help software vendors and developers solve high performance computing challenges by using the latest technology from both companies.

 

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The new research and development lab is built around 10 HP Proliant SL250s, SL270s and ML350P Generation 8 servers, all which feature integrated NVIDIA Tesla GPUs. NVIDIA is calling this server CPU and GPU mashup "GPU Computing" and says that it improves performance by handing off compute-intensive task to the GPU while the rest of the code is passed through the CPU.

 

"The goal of the collaborative centre was to enable solution improvements and spur the adoption of HP systems based on NVIDIA Tesla GPUs for HPC," Philippe Trautmann, EMEA sales director HPC for HP. "HPC systems require huge amounts of compute resources to achieve their expected performance, as well as the expertise to integrate them."

Tim Cook says that tablet sales will pass PC sales by 2015

Bloomberg Businessweek enjoyed an interview with Apple CEO Tim Cook last week, where Cook reiterated that he believes the tablet market will overpass the PC market within 2 years.

 

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Cook said: "We're 24 months away from that" which isn't too far away at all. Cook also said that most of this growth in the tablet market in coming from PC makers who are making low-cost Android devices as a 'defensive maneuver.' Cook also used the time to talk smack about Android tablets, which is something he has done on more than one occasion.

 

Cook said: "I think if I bought [an Android tablet] and used it, and I thought that was a tablet experience, I'm not sure I would ever buy another tablet. The responsiveness isn't there. The basic touch is really off. The app experience is a stretched-out smartphone kind of experience. It's not an optimized experience."

Twitter IPO could raise $1 billion, might happen quite soon

We should expect Twitter to go public in the next couple of months, but according to a report on Reuters, the social networking site might push its IPO before Thanksgiving.

 

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One source has told Reuters that Twitter could raise over $1 billion in its IPO, and while it may sound like a lot, it is less than 1% of Facebook's record-breaking IPO which smashed through $105 billion. We don't know what Twitter will do when it goes public, but we should expect the biggest Twitter apps to go under the knife and come out looking just a little different. Let's just hope this doesn't happen to Twitter, like it did Facebook.

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