Microsoft and Barnes & Noble this morning announced the formation of a strategic partnership in a new Barnes & Noble subsidiary. The partnership will accelerate the transition to e-reading, referred to in this release as Newco, will bring together the digital and College businesses of Barnes & Noble. Microsoft will make a $300 million investment in Newco at...
Monthly Archives: April 2012
In the recent ongoing Oracle and Google legal battle, Oracle CFO and President Safra Catz made an appearance on the stand at the U.S. District Court on Friday morning, testifying for Oracle’s in its intellectual property trial against Google. Catz replied that Oracle never supplied any financial or technical resources, nor did Oracle ever consider it. “We didn’t...
In a recent exchange filing, Hon Hai and its Foxconn unit are feeling under the financial squeeze as labor costs increase. Bloomberg reports that Hon Hai said that its first quarter net income came in at NT$14.9 billion, up from NT$14.4 billion a year ago but what fades here is that profits was lower than estimates. “That poor result caught me by surprise,” said Vincent...