Facebook, the world’s largest social networking website, has hired Bloomberg former social media director Dan Fletcher. Fletcher will work with the social giant as its managing editor. Forbes in December mentioned Bloomberg’s Dan Fletcher as one of the FORBES 30 under 30 in Media category. Fletcher graduated from Northwestern University in 2009, where he majored...
Motorola Mobility Holdings, Inc. released their net revenues of $3.4 billion in the fourth quarter of 2011, comparable to the fourth quarter of 2010. The GAAP net loss in the fourth quarter of 2011 was $80 million, or $0.27 per share, compared to net earnings of $80 million, or $0.27 per share, in the fourth quarter of 2010. On a non-GAAP basis, net earnings in the...
Nokia and Microsoft have “been silent” from quite a longer time about their Windows Phone partnership – but with the announcement of Finnish mobile maker, Nokia’s Q4 2011 earnings report, it’s confirmed that the companies were in partnership – Microsoft paid $250 million to Nokia for adopting Windows Phone. “Our broad strategic agreement with Microsoft...
With the already financials shaking results of Nokia today, the Finnish company will see some major changes on its directorial board, after its Annual General Meeting in a few months. Nokia Board Chairman Jorma Ollila and Nokia Board members Bengt Holmström and Per Karlsson have informed that they will no longer be available to serve on the Nokia Board of Directors. Mr...
Nintendo today announced (PDF) sales of 556.2 billion yen ($7.2 billion) during the nine months ended December 31 (April to December 2011), down nearly 32 percent compared to the same period in 2010. It also posted a 48.4 billion yen (about $625 million) net loss. During the same period in 2010, Nintendo generated a profit of nearly 50 billion yen. Nintendo mentioned the time as “tough time”, saying that its financials were brought down by sluggish Nintendo 3DS sales during the first half of its fiscal year, as well as a strong yen....
AT&T Inc. reported fourth-quarter results highlighted by record mobile broadband sales, strong wireless network performance and improved wireline revenue trends. Consolidated revenues clocked in at $32.5 billion, up 3.6 percent compared to the year-earlier quarter. They recorded a huge net loss for Q4 2011 of $6.7 billion, or $1.12 per diluted share. These results compare with reported net income attributable to AT&T of $1.1 billion, or $0.18 per diluted share, in the fourth quarter of 2010. Excluding significant items, earnings...
Nokia has just revealed its Q4 2011 financial results and the figures aren’t exactly what we call as “superb” in nature. The company posted an operating loss of €954 million for the last three months of 2011. In concern with the sales of Nokia Lumia windows phone, the company topped with 1+ million units sales in its kitty. The report also revealed that Microsoft...
RealNetworks Inc. has announced that is has signed an agreement to sell a “significant number” of its patents – approximately 190 patents and 170 patents applications and its next generation video codec software to Intel Corporation for a purchase price of $120 million. “Selling these patents to Intel unlocks some of the substantial and unrealized value of RealNetworks assets,” said Thomas Nielsen, RealNetworks President and CEO. “It represents an extraordinary opportunity for us to generate additional capital...
Apple earlier this month acquired Israel based flash memory maker company Anobit – at that time it is speculated that Apple plans to set its development center in Israel focusing on to gain access to its technology. But today business daily Calcalist is claiming that the company will open a research center there by the end of February. The company reportedly received “several hundred of resumes” for various engineering positions. Specifically, Apple is seeking hardware engineers in chip development area with strong emphasis on...
Bill Gates says in his recent annual letter that The Bill & Melinda Foundation have devoted $2 billion to help poor farmers boosting their productivity. But what the next in America’s richest man, Bill Gates prime target is the “Revolutionize Farming” – he is increasingly troubled by the lack of investment into new research agriculture. The Bills &...
