Tag: business news

Posted on

Blackberry: An interim CEO and the illusion of action…

blackberry os 10 handsets z10 q10 smartphonesI wanted to take a minute to look at the Blackberry situation before reporting on it.

Earlier this week it was announced that Blackberry would not be bought out by Fairfax Financial, the company would not be going private, and that CEO Thorsten Heins would step down. Fairfax and other investors will be offering up instead a $1 Billion bond to help float the company, as its cash reserves are starting to dwindle. John Chen is stepping up to the plate as interim CEO, receiving a $3 million salary and over $80 million in restricted stock. John Chen was responsible for fixing up Sybase, a corporate data solutions company.

At its core, Blackberry has been facing a crisis of identity. Like Microsoft, BB missed the boat on the consumer driven data services market. Our favorite little tic-tac keyboarded phones were corporate sweethearts, but BB was late in attempting to crack into the general consumer demographics where Android and iOS dominate. The new BB Z10 was a first step towards offering up corporate friendly mobility which would be pretty enough for consumers to enjoy.

Of course it was not successful. Continue reading “Blackberry: An interim CEO and the illusion of action…”

Posted on

Can Los Angeles light up Fiber for the whole city? Free broadband internet for all?

Los Angeles winterDamn I hope this can work.

LA City Council officials are working on a Request for Proposals. They want companies to offer bids on an extremely ambitious project, namely lighting up fiber optic broadband internet for every business and residential area in the Los Angeles city limits. No piecemeal, staged, “testing” of the viability for the potential, to maybe, some day, consider, trying a starter market in one corner of a McMansion in Beverly Hills. They want to go whole hog, all or nothing.

The plan for the proposal so far would be to offer up a baseline low level service for everyone for free. It could be ad supported to offset costs, and most likely speeds would top out around 2Mbps, yet it would be available for everyone. This could be a huge boon for those in lower income neighborhoods, areas not often well supported by current ISP’s, and tremendously helpful in an economy where many have to choose between home internet and low cost cell phone service to remain competitive in the job market.

For those who can afford it, higher tiers of service will be made available, most likely topping out at gigabit bandwidth, resembling services like Google Fiber. This backbone could also be used to power WiFi hotspots in public areas.

The implications of such a move could be remarkable.  Continue reading “Can Los Angeles light up Fiber for the whole city? Free broadband internet for all?”

Posted on

UPDATED: Twitter sets IPO stock price at $26

BYbRFlJCEAATMmI

The speculation can end.

In true social media fashion, Twitter announced their stock price in a tweet. Of course there was a lot more info to announce than could be contained 140 characters or less, so they cheated by posting a picture… full of text…

At $26 a share, Twitter could drop more than $1.8 Billion into its coffers, and you too could own your very own piece of “TWTR” when it goes on sale this Thursday.

All that’s left is to see how the market responds…

***UPDATE***

In morning trading the stock opened at $45.10, and has held to around $46 so far. It’s estimated that Twitter will receive over $2 Billion, and there’s been far less drama today than during Facebook’s shaky public offering.

Posted on

Delta and Jet Blue first to announce electronics may be used during take off and landing

airline travel technology airplane cabin somegadgetguyIt’s happening!

The same day the FAA announced it no longer was bothered by devices being used in airplane mode during all stages of flight, we have two companies vying for our mobile electronics affections.

Delta and Jet Blue rushed out to let us know they’ll be allowing us to use all of our mobile glowing rectangles from the moment our butt is in a seat to the moment we’re throwing elbows to get off the flight. We can be sure the rest of the airlines are looking to make the same play soon. Most of my credit card points are tied up with United, so they better make the jump PDQ…

Bloomberg has a great write up detailing all the business concerns, and I’d just like to take this moment to remind all of my readers that just because this rule has opened up, it doesn’t mean you get to be a douche bag about your tech. Listen to the flight attendants, follow instructions from the pilots, fly safe.

Be a good tech citizen.

Posted on

Nokia Now Fourth Highest Shipping Smartphone Manufacturer in United States

Q3-2013-USA-Market-Share-Counterpoint-Research2[Golf clap] Well done Nokia.

Counterpoint Technology Market Research did a tally of shipped phones for Q3 2013, and the numbers were somewhat surprising. Behind Apple (33.7%), Samsung (33.6%), and LG (8.6%), Nokia has clawed its way up to number four with 4.1% of the USA smartphone market. Not bad at all considering how slow the consumer response has been in warming up to Windows Phone. Great news for a company which had less than one percent of the market’s share this time period last year, as it even manages to unseat Google owned Motorola.

We can probably count on the $100 Lumia 520 for a good chunk of those sales, but mind share in general is up for the brand as people have praised Nokia’s cameras. With the entry-level market healthy, we might see even more growth for the brand at the premier level as they prep the Lumia 1520 for a holiday release. Plus the Microsoft ecosystem is improving, with apps like Vine and Instagram joining the fold later this year.

Even more startling however is the continued slide of HTC, as the brand falls to ninth behind companies like ZTE and Huawei. Its likely that Apple and Samsung will continue occupying the top two spots for a while to come, but that last 30% of the pie is completely up for grabs this holiday buying season.

(via Reddit)

 

Posted on

Why We Can’t Have Nice Things: Samsung Fined for HTC Smear Campaign

galaxy s4 real person review somegadgetguy comparison long term (5)Dammit Sammy. You should know better than this.

I know you’re the top dog right now, and the idea of slipping even a little can be terrifying considering how fast our current tech darlings become yesterday’s old news. I get it. Combined with the fact that the smartphone market is cooling off a little, I can totally see why you might want to shake things up a bit.

But not like this Samsung.

See I write about tech online. I have relationships with PR and with vendors and agencies. I have a small but loyal following of similarly-minded tech enthusiasts, and over years of producing in this space I’ve built up a little credibility. What you’ve done here Samsung is undermine all of that.

The internet is a skeptical place. I can’t praise or criticize anything without being accused of being a “fanboi” or being on a company’s payroll. The fact that you paid and organized writers to post negative commentary on your competitor’s products hurts our entire industry. The fact that you got caught is as unsurprising as it is tragic.

ATT HTC One Mini software update jelly bean 4_3This story just takes a somewhat insidious turn knowing that you’re picking on a MUCH smaller company. HTC is fighting to stay out of the red. Remember a time not long ago when Apple was the Big Bad, and you were fighting to get Galaxies into consumer hands. You were the underdog. It was charming when you were plucky. You aren’t anymore. You’re the new Big Bad. This just makes you look like a jerk, a bully.

I don’t even know if the FTC’s fine of $340,000 even registers on your bank sheet. That’s a blip in a market where you proudly announce 40 MILLION Galaxy S4 sales. All I know is that this makes me skeptical of anything nice written about your products. It makes me skeptical of negative reviews against your competitors.

If it makes me skeptical, I can only imagine how my readers must feel…

TAIWAN BODY FINES SAMSUNG FOR BLASTING LOCAL RIVAL (Associated Press)

Posted on

The Perils of Monetizing Free Sites – Reddit Convinces Users to Go Gold

reddit goldWhen a service starts out free, then tries to monetize, you can pretty much count on a negative reaction from the user base. It’s an incredibly delicate tightrope to walk. A company needs to make money, but it can’t push to fast lest it turn off its fans. Companies like Facebook and Twitter have been dealing with their evolving markets for years now, but neither has entirely locked their solutions for making money. Traditionally, the first steps towards monetization usually involve serving ads off to the side, and then incorporating ads into the content people interact with. Recently Instagram announced it too would start serving ads into users photo timelines. Responses for the most part were less than positive.

This makes Reddit’s latest turn really interesting. Sure Reddit serves ads in a sidebar, and the top position post is usually a sponsored post, but according to a recent Q&A session, Reddit still found itself often in the red. This galvanized the Reddit faithful, and the site saw an explosion in its premium service subscriptions.

Dubbed ‘Reddit Gold’, it’s a monthly or yearly subscription which unlocks premium content filtering, and provides discounts and extras at a number of partner sites including iFixIt, UPS, and car service Uber. To encourage community participation, users can also gift Gold to other members to reward interactions on the site. It’s an interesting way to push more money through a service without resorting to more aggressive advertising or trafficking in user data.

Well Reddit noticed the increased Gold sales, and now they’re communicating more with their users. Now on their sidebar is a daily Gold goal. Reddit is already somewhat addictive, as there’s a gamification element to submitting news stories. People vote on good stories and users get points to show how effective their participation has been. Now, users can see daily if there are enough Gold sales to help keep Reddit in the black. As the program is fairly new, and a direct response to the Reddit community’s activity, users have been extremely active in buying and gifting gold, easily besting the daily goal.

And that’s all cash in Reddit’s coffers.

(via Reddit Blog)

Posted on

Google Stock Price Breaks Records and $1000 a Share

google stock price 1000 dollars somegadgetguy investingWell I suppose we all know who the “Big Bad” is now…

Google announced a pretty strong quarter during their earnings call yesterday. Even with somewhat weak performance from Motorola, Goog generated $14.9 Billion in revenue which represented a 12% increase over Q3 2012. This amounts to $2.97 Billion net income for the quarter (also an increase over last year), and Google announced they’re currently sitting on about $56 Billion in cash.

Investors seemed to appreciate this news, and in after hours trading, Google’s stock broke 1000 points for the first time in the company’s history. At the time of this writing, they’re currently up 120 points from before the earnings call, trading around 1010. Remarkable stock performance, leaping 13% over a period of less than a day.

Their current strategy, moving ads to mobile devices, incorporating more ads on mobile services, would appear to be paying off. It would also appear that some of Google other services like Google Apps (designed to compete against Microsoft’s business offerings) might be showing signs of life.

Now Google stands as one of the few companies which will cost you over $1000 to buy a single share of their stock. I totally should’ve bought in earlier… Sigh…

(via Google Investor Relations)

Proudly powered by WordPress