Remember paying astronomical prices for college textbooks that, once class was over, had only one possible use: as paperweights?
To the relief of parents everywhere, shelling out $182 for Principles of Biochemistry may become a thing of the past. Several recently funded start-ups make it cheaper, or in some cases free, for students to obtain books.
Several reports from the US make the point: local is the new buzzword in the land of web entrepreneurship.
Dell’s fiscal third-quarter earnings fell 54 percent to $337 million, while revenue declined 15 percent to $12.9 billion.
The personal-computer maker saw revenue in its small and medium business unit slip 19 percent from the year-earlier period, while its consumer business was down 10 percent. In a statement, Michael Dell, its chief executive, said that the launch of Microsoft’s Windows 7 has been “very well received” by consumers and businesses, and that the company will see those results more in the fourth quarter.
Bank of America/Merrill Lynch chip analyst Sumit Dhanda this morning turned cautious on semiconductor stocks, downgrading a slew of stocks; his colleague Daniel Heyler made a comparable on the foundries, lower ratings on a number of stocks.
“We are downgrading our view on the sector given unfavorable indications from our cyclical framework,” he writes.
Norwest Venture Partners on Wednesday announced that it had closed a new venture-capital fund sized at $1.2 billion. That’s nearly double the size of the Silicon Valley venture firm’s last fund in 2006, which closed at $650 million.
The new fund is unusual in this day and age amid a tough fundraising environment brought on by the recession.
Pierre Omidyar, founder of eBay, is launching a for-profit news startup in Hawaii, where he and his family live.
MySpace, rumored to be on the verge of purchasing the free music streaming site imeem, is struggling to keep up with its own payments to music copyright holders, according to a top News Corp executive–a problem that has plagued every other licensed free music service.
Solar panel makers, taking cues from industrial products like Trane air-conditioners and Andersen windows, are racing to roll-out networks of installers across the U.S. and internationally as they try to establish their brands in the residential market.
Federal regulators are considering whether the government should take greater control of the Internet and ask consumers to pay higher phone charges in order to provide all Americans with cheaper access to broadband Internet service.
Salesforce.com posted revenue for its fiscal third quarter ended October 31 of $330.5 million, up 20 percent year over year, and ahead of the Street at $324.4 million. EPS was in line with estimates at 16 cents.
Seriously, Overstock.com has to provide more entertainment value per dollar of market cap than any company in America.
Consider yesterday’s developments at the online retailer. The company disclosed in both a press release and an 8-K filing with the SEC that it has fired Grant Thornton as its auditor. Grant Thornton had become the company’s auditor in March, replacing Price Waterhouse.
China’s factories have long churned out high tech products. A big question facing Silicon Valley–underscored in a survey released Monday by Intel and Newsweek–is how big a role the country will play in dreaming up those gadgets.
SunPower this afternoon said a review of its Philippine manufacturing operations found the company may have made “unsubstantiated accounting entries” in the first three quarters of 2009, some of them relating to 2008. The company said its Audit Committee is investigating the matter.
President Barack Obama has been spending considerable time on East-West trade agreements while in Asia, but for one chip maker, the negotiations between China and Taiwan are even more important.
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