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| 211 |  (Reuters) - CNN is in talks to buy social media news site Mashable for more than $200 million, according to a source familiar with the discussion.
Reuters: Internet News » | | 212 | SHANGHAI (Reuters) - China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth over $1 billion, creating an industry leader with more than a one third share of a market that is losing money as it battles rising costs.
Reuters: Internet News » | | 213 | Twitter is phenomenal. It's a tool that lets people break the latest news in areas of civil unrest, a service that tech-oriented folks can use to become publicly engaged, and also a platform that can save somebody's life if used correctly. And what was undoubtedly something close enough to perfect now has reached a new height. Read more Learn more about Tweet-A-Beer.com in Dataopedia.com Find out how much Tweet-A-Beer.com is worth with Stimator.com killerstartups.com » | | 214 | (Reuters) - World's No.3 personal computer maker Dell Inc said it would buy SonicWall, a maker of firewall, email protection and recovery products, from an investor group, to expand its security software business.
Reuters: Internet News » | | 215 | A new report shows that the iPad, often assessed as a consumer device for watching movies and playing games, is finding an increasingly warm welcome among businesses. The ChangeWave survey finds the highest level ever in companies that will be buying the Apple device.
The new report was conducted before the release of the newest, high-definition iPad with a 4G LTE option, which could drive business acceptance levels higher.
Seven Percentage-Point Increase
The survey found that 22 percent of responding companies are expecting to buy tablets by the end of the second quarter. Of those prepared to buy tablets, a whopping 84 percent plan to buy iPads. This is a seven-point increase from the most recent ChangeWave survey in November, representing the highest level of interest in buying an iPad in the company's surveys.
The survey, which queried 1,604 business IT buyers, also shows that not only are businesses more interested in iPads, but they're less interested in other tablets. For example, for companies interested in getting tablets, the percentage interested in Samsung tablets fell from 10 percent to 8 percent between the current survey and the one in November.
For tablets from Amazon, HP, Asus, Dell, RIM/BlackBerry, Lenovo, and Motorola, the interest in the previous survey was between 7 percent and 4 percent and, in each case, it dropped one or two points in the current study.
ChangeWave also looked at the wireless service that businesses were expecting to use with the tablets, and found AT&T Wireless and Verizon Wireless in a near dead heat.
IDG Connect, Gartner Reports
AT&T was the choice for 30 percent of those intending to buy tablets, up one point since November. Verizon was selected by 29 percent, also up one point. Sprint was a distant third at 4 percent, the same as in the last survey.
The ChangeWave survey reinforces trends... newsfactor.com » | | 216 | Whether you're looking for a home to buy or rent, this new site is sure to help you out. BuyerHomeSite.com lets you find properties all over the country by using an interactive map and a quick interface for setting down the number of beds and baths your home must have. Read more Learn more about BuyerHomeSite.com in Dataopedia.com Find out how much BuyerHomeSite.com is worth with Stimator.com killerstartups.com » | | 217 | You may have seen this movie before: People are lining up around the world to buy the newest iPad. The latest Apple device is going on sale Friday at 8 a.m. local time in a select first group of 10 countries, and crowds are waiting. In about a week, the iPad goes on sale in another two dozen countries.
Several hundred people lined up around the block to enter Apple's flagship store in New York City, on 5th Avenue, with a comparably sized crowd outside the new Apple store in Grand Central Station.
Even Wozniak
Even Apple co-founder Steve Wozniak stood in line to enter the Apple store in Los Angeles. Wozniak told news media that he has made it a tradition to wait in line for new Apple products and, as on previous occasions, he started his vigil the day before in order to take a position at the head of the line.
About 200 people were reported lined up for Apple's store in Sydney. As many as 400 were queued up at the store in Covent Garden, London, several hundred stood outside the Paris store on Rue Halevy, and an estimated 350 waited to buy at the Frankfurt store.
More than 400 people lined up to enter Apple's store in downtown Tokyo. Hong Kong's store instituted an iReserve online lottery system, so purchasers could pick up their units at given times. The system required buyers to have a Hong Kong-issued ID, meant to prevent purchases by buyers from mainland China, where the product is not yet on sale. The Hong Kong store reported that there were more buyers than available reservations.
In addition to its online and brick-and-mortar stores, Apple is selling some units through Best Buy, RadioShack and Walmart. Some analysts predict that a million iPads will be sold worldwide on... newsfactor.com » | | 218 | Standing in line for three hours just to get a ticket is no longer needed. A new marketplace named TickPick has just been launched, and it lets you get quality tickets for reasonable prices, while saving you all the hassles. On TickPick. Read more Learn more about TickPick.com in Dataopedia.com Find out how much TickPick.com is worth with Stimator.com killerstartups.com » | | 219 | I know how you feel. You bought Mass Effect 3 the second it came out, and rushed home to play it. And play it you did, for days and days on end. Read more Learn more about GoCDKeys.com in Dataopedia.com Find out how much GoCDKeys.com is worth with Stimator.com killerstartups.com » | | 220 | There's no need for you to spend the best part of an afternoon trying to find a pharmacy that sells the medicine you can't do without when there's websites like this one available. On PharmacyNextDay.com you can buy FDA-approved medicines, and have them delivered the next day via FedEx. Read more Learn more about PharmacyNextDay.com in Dataopedia.com Find out how much PharmacyNextDay.com is worth with Stimator.com killerstartups.com » | | 221 | | | 222 | Best Buy Co. said it plans to close 50 U.S. big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges.
Despite the loss, Best Buy's adjusted results for the quarter topped Wall Street's expectations. But the company's full year revenue guidance fell slightly short of analysts' expectations, sending its stock down 6 percent.
Best Buy, which has 1,450 locations nationwide and 2,900 globally, is focusing on closing some of its hulking stores to concentrate on smaller Best Buy Mobile outlets because of two emerging trends. Sales of TVs, digital cameras and videogame consoles have weakened, while sales of tablet computers, smartphones and e-readers have increased. And with the rise of competition from Internet rivals like Amazon.com, shoppers aren't flocking to big-box stores like they used to.
Best Buy is trying to avoid the fate of its former rival Circuit City, which went out of business in 2009, in part by shrinking its square footage footprint. Other retailers with large stores are doing the same. Sears Holdings Co., for example, said earlier this month it would close 100 to 120 stores to become nimbler.
Best Buy lost $1.7 billion, or $4.89 per share, for the period ended March 3. That compares with a profit of $651 million, or $1.62 per share, a year ago.
The Minneapolis company said its quarterly results included $2.6 billion in charges. They were mostly related to its purchase of Carphone Warehouse Group PLC's interest in the Best Buy Mobile profit-sharing agreement and related costs, as well as an impairment charge tied to writing off Best Buy Europe goodwill and restructuring charges.
Taking these items out, adjusted... newsfactor.com » | | 223 | SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.
Reuters: Internet News » | | 224 | Best Buy Co. CEO Brian Dunn abruptly resigned on Tuesday after the nation's largest consumer electronics retailer said it decided to conduct an investigation into his "personal conduct."
The departure compounds the problems at the retailer, which has been widely criticized for not responding fast enough to growing competition from Amazon.com and other online rivals and the changing shopping habits of Americans.
"Certain issues were brought to the board's attention regarding Dunn's personal conduct, unrelated to the company's operations or financial controls, and an audit committee investigation was initiated," according to a company statement issued late Tuesday. "Prior to the completion of the investigation, Mr. Dunn chose to resign."
Dunn, a 28-year Best Buy veteran who had been CEO since 2009, could not be reached for comment on Tuesday and Best Buy did not comment further on the circumstances of the investigation.
Earlier on Tuesday, the company said that Dunn's departure was a mutual decision and that it was time for new leadership given the challenges the company faces. Best Buy said that it has created a search committee to choose a new CEO. Board member Mike Mikan, 39, will serve as interim CEO while the company searches. Richard Schulze will continue as chairman.
Analysts say it's going to be a big challenge to find a CEO to lead the company in this new era. Up until a few years ago, Best Buy had been the big bully on the block, pulling shoppers away from small electronics stores with its massive offerings. Now, in the age of the Internet, those offerings look paltry.
Best Buy has been trying to revamp its business. A couple weeks ago, Best Buy unveiled a restructuring plan that calls for closing 50 of its U.S. big-box stores, opening 100 small-format stores focusing on its burgeoning mobile business which focuses on cell... newsfactor.com » | | 225 | (Reuters) - Intuit Inc, the maker of tax preparation software TurboTax, said it agreed to buy Demandforce, a software-as-a-service application provider, for $423.5 million in cash.
Reuters: Internet News » | | 226 | WASHINGTON (Reuters) - General Dynamics Corp, one of the largest U.S. weapons manufacturers, said it plans to acquire privately-held wireless network equipment maker IPWireless Inc as defense spending in the United States begins to decline.
Reuters: Internet News » | | 227 | Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
Its adjusted earnings and revenue both topped Wall Street's expectations. That's sorely needed good news for the electronics chain as it attempts a restructuring to update its increasingly outmoded "big-box" store model. At the same time, the company is seeking a new CEO after the former top executive left amid scandal. Still, the results show the chain has a long way to go to improve results in a sustainable way.
Best Buy said U.S. sales growth in tablets, mobile phones, e-readers and appliances helped offset declines notebooks, gaming, digital imaging and TVs during the quarter. But revenue in stores open at least 14 months, which excludes the impact of stores that open and close during that period, fell 5.3 percent during the quarter. They were dragged down by weakness in Europe and China.
Best Buy has been shrinking store size and focusing on its more-profitable products such as mobile phones. It's also trying to combat the so-called "showrooming" of its stores -- when people browse at Best Buy but purchase electronics goods elsewhere. In April, it announced a major restructuring that includes closing stores, cutting 400 jobs and trimming $800 million in costs.
In a call with investors, interim CEO Mike Mikan said those are just the "first phase" of major changes the chain needs to make in order to survive in a changing retail landscape.
"Today's marketplace is different," he said. "From my perspective it is a marketplace we weren't prepared for. Best Buy's customer experience is no longer unique as it once was."
Mikan, who is in the running to be named permanent CEO, said he hopes to give details on changes in the next few months.
"We... newsfactor.com » |
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