Thursday, November 19, 2009
Why It Matters That Pierre Omidyar Is Doing a News Start-Up
Pierre Omidyar, founder of eBay, is launching a for-profit news startup in Hawaii, where he and his family live.
All posts tagged ‘economy’
Music: Too Expensive to Be Free, Too Free to Be Expensive
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.
Wednesday, November 18, 2009
Solar Panel Makers Seek Local Ties
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.
Feds Mull Rules, Fees to Spur Net Access
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.
Tuesday, November 17, 2009
Salesforce.com FY Q3 Revs Beat, EPS In Line; Stock Sags
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.
Overstock Fires Auditor Over Accounting Dispute; Files 10-Q Anyway
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 Needn’t Surpass U.S., Intel CTO Says
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 Finds Accounting Errors; May Restate; Launches Probe; Stock Slides
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.
Monday, November 16, 2009
From Taiwan, Via Eyes China’s Tech Sector
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.
Apple Wouldn’t Risk Its Cool Over a Gimmick, Would It?
“SOME of the best-loved technology on the planet” is how Apple describes its products when recruiting new employees.
Friday, November 13, 2009
IT Spending’s Role in the Economy
Efforts to reform the U.S. health-care and bank lending systems are likely to lead to an increase in information-technology spending, said one potential beneficiary, Sudhakar Ram, chairman of IT firm Mastek.
Overhauling the country’s IT systems could cost as much as $250 billion to $300 billion over five to seven years, he said in an interview.
Thursday, November 12, 2009
Applied Materials: Burned by the Sun
Applied Materials yesterday afternoon posted stellar results for the fiscal fourth quarter ended October 25; revenue of $1.53 billion was well ahead of the Street at $1.32 billion, and non-GAAP EPS of 13 cents a share crushed the consensus number at three cents.
Fwix Unveils Revenue-Sharing Plan for Hyperlocal Bloggers
An online news start-up is going where Google and other giants haven’t: sharing revenue with the people who write the news.
Fwix, a one-year-old start-up backed by BlueRun Ventures, is one of a growing number of portals for “hyperlocal” news, a buzzword that refers to sites about schools, culture, gossip and other information on a neighborhood level.
Creating iPhone Apps Far From the Bay Area
The biggest concentration of developers for Apple’s iPhone is in Northern California, as a story in The Wall Street Journal’s San Francisco Bay Area section points out. But the ubiquity of the Internet makes it possible for a software developer anywhere in the world to make apps.
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