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 a post-money valuation of $1.7 billion in exchange for an approximately 17.6% equity stake. Barnes & Noble will own approximately 82.4% of the new subsidiary, which...
Apple responded over an in-depth report published by The New York Times that states that the company goes to great lengths to cut its global tax bill by billions of dollars every year. “Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill-suited to today’s digital economy,” the...
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 need to as we had our own independent implementation, and we had a license from Sun,” Catz added. “We never wanted to be in this litigation with Google,” Catz said....
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 Chen, the top-ranked analyst covering Hon Hai according to data compiled by Bloomberg, who rates the stock “hold” at Yuanta Financial Holding Co. in Taipei. “The...
GfK reports the growth momentum of Southeast Asia’s smartphone market continuing rapidly with all seven key markets in the region reporting a total of about 7.7 million units worth $2.4 billion being snapped in the first three months of 2012. The smartphone revolution is in full swing but not all consumers are fully converted yet as one in three mobile phones sold...
The first time I read about this I got a smile on my face. This is what the headlines were: Australia is investigating why its software and downloads are more expensive than that of United States. The Australian government is investigating the price of downloads and software in the country, as it bids to understand why companies charge Australian customers more than...
Sprint which recently seems falling down with a loss of $255 million has seen a rumors winding up about the release date for the EVO 4G LTE on Sprint and the date that is coming up is May 18th. Earlier it was suggested that the official release date as Q2 only. Good and Evo has images of some of the marketing materials for the new phone along with intel on the release...
Apple cofounder Steve Wozniak has this week expressed his thoughts on (via The Verge Forums) Windows Phone, and states that it is more beautiful and intuitive than Android. In a phone interview with Gina Smith and Dan Patterson, Wozniak praised for the Windows Phone interface, describing it as beautiful and highly intuitive. “Just for looks and beauty I definitely...
Earlier this month, Apple released an update to Java version 1.6.0_31 for OS X — but not before an estimated 600,000 Macs had been infected by malware. Now Oracle has announced it will be updating Java for the Mac directly, on a concurrent release schedule with the other platforms it supports. In a blog post, Oracle’s Henrik Stahl announced the availability...
Following Judge Lucy Koh’s order that both Samsung and Apple’s CEO to go on talk to work together in resolving long-running patent infringement dispute, dates have now been fixed – May 21st and May 22nd. Foss Patent reports that the companies will meet in a San Francisco court instead of the San Jose venue of the full trial. Additionally, both companies are...
