Tech News Today 428
Recorded: February 1, 2012
Published: February 1, 2012
Tech News Today 428: Friend Facebook Financially
Facebook files for IPO, Sony's new CEO has his work cut out for him, Microsoft and Google are mudslinging, and more.
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- Sarah Lane ( )
- Iyaz Akhtar ( )
- Jason Howell ( )
- Shannon Morse ( )
- Facebook IPO Filing: What to Look Out For
- Facebook files papers for $5 billion IPO
- Facebook’s S-1 And The Largest Shareholders: Who Owns What?
- Facebook's S1
- FB IPO Filed for potentially $5B, would be the largest debut in about 4 years
- Did not specify projected price range in the filing
- Symbol is FB, but the exchange wasn't specified.
- Facebook: profitable for three years straight. $3.7B in revenue in 2011, $3.9B in cash on hand.
- Revenues 2009: $777M | 2010 $1.974B
- Morgan Stanley gets the role as lead underwriter. JP Morgan, Goldman, Sachs, and others will also underwrite
- Google's 2004 IPO - raised $1.9B at a $23B valuation
- Stats: 845M monthly uniques is impressive, but 483M DAILY active users (Dec 11)
- Mark Zuckerberg is the largest shareholder with 28 percent of the company. He’s followed by Accel (invested in 2005) and Accel Partner Jim Breyer who owns 11.4 percent of the company. Co-founder Dustin Moskovitz owns 7.6 percent of the company, followed by DST with 5.4 percent. Peter Thiel, Facebook’s first investor, owns 2.5 percent. COO Sheryl Sandburg has 1,899,986 shares.
- Sony's Hirai to replace Stringer as CEO in April
- Sony Names Hirai as Head to Succeed Stringer Amid TV Losses
- For Sony's New CEO, a Big Challenge Is in Your Living Room
- Why Sony needed to swap out its CEO
- Sony announced Kazuo Hirai will become the company's president and CEO on April 1st, replacing current CEO and pres. Howard Stringer (The rumor was Kazuo Hirai to be named President of Sony, Howard Stringer to remain CEO back in January)
- Stringer will become chairman replacing Yotaro Kobayashi. earlier this month Stringer said he expected Hirai to become Prez soon, no mention of CEO.
- Hirai is the youngest Sony CEO ever at 51
- His current title is Chairman of Sony Computer Entertainment which includes the PlayStation line
- BTW Sony will announce its fiscal third-quarter earnings tomorrow.
- Under Stringer, Playstation network security breach, sluggish initial sales for PS3, Sony TV biz has posted 8 straight losses, Sony-Ericsson partnership ended over flat mobile growth
- Over the last year, Sony's shares have lost nearly 48% of their value and fallen to $18.22. Over the last 5 years, Sony's shares has lost nearly 62%.
- "The path we must take is clear: to drive the growth of our core electronics businesses — primarily digital imaging, smart mobile and game; to turn around the television business; and to accelerate the innovation that enables us to create new business domains," Hirai said in a statement.
- "Analyst Reaction: Hirai "understands the culture of the company, clearly understands Japanese culture, but he's U.S. educated and lived here for a long time running an important business, so he's in tune with Western consumers," says Wedbush Securities analyst Michael Pachter. "I think he's a good fit."
- Microsoft Slams Google Privacy Changes With “Putting People First” Ad Campaign
- Microsoft Turns the Tables on Google with Ad Campaign
- Gone Google? Got Concerns? We Have Alternatives
- Yesterday, Frank X. Shaw, VP of corp. communications for MS, wrote on a MS blog that Microsoft has your alternatives to Google.
- New "Putting People First" ads ran in in the Wall Street Journal, the New York Times and USA Today
- Selections from the Ad copy:
- "Google is in the process of making some unpopular changes to some of their most popular products. Those changes, cloaked in language like “transparency,” “simplicity” and “consistency,” are really about one thing: making it easier for Google to connect the dots between everything you search, send, say or stream while using one of their services."
- "Every data point they collect and connect to you increases how valuable you are to an advertiser."
- "If these changes rub you the wrong way, please consider using our portfolio of award-winning products and services…."
- The ads link to the Google Policies & Principles page, which seeks to reassure customers that their data will be just as safe after the March 1st update.
- Danny Sullivan of marketingland.com spoke with Frank Shaw - “There’s actually a philosophical difference. When you boil it down, Google really only has one customer, and that’s its advertisers”.
- Pirate Bay Founders Lose Supreme Court Appeal, Going to Jail
- The Pirate Bay Moves to .SE Domain To Prevent Domain Seizure
- Sweden’s Supreme Court just announced it won’t agree to hear an appeal by The Pirate Bay’s founders, meaning the jail sentences and fines imposed by the Swedish Court of Appeals in 2009 will stand.
- Peter Sunde, Fredrik Neij, Gottfrid Svartholm and Carl Lundström, who started file-sharing site The Pirate Bay in September 2003, face jail time and have to collectively pony up a fine of 46 million Swedish kronor (US$6.7 million).
- April 2009, The Pirate Bay’s founders were found guilty of abetting copyright infringement and sentenced to a year in prison, plus a fine of 30 million SEK (about US$4.2 million at the time).
- The Appeals Ct lowered the jail time, increased the fine
- Final terms of sentencing, Sunde faces eight months in prison, Neij, 10 months and Lundström just four months. Svartholm, who missed the appeals hearing for medical reasons, faces a full year in prison.
- the operators of the the pirate bay quickly moved to change their domain name from .ORG to the Swedish .SE. A Pirate Bay insider informed TorrentFreak that this move was made to prevent the US authorities from seizing the domain, which is a serious risk now the court case has completed.
- the .org site redirects to the .se
- Redbox breaks with Warner Bros. over 56-day waiting period
- YouTube could introduce a subscription service of its own
- Redbox will get WB movies when they are released. The company will not be subject to the 28 day wait it previously dealt with, nor will it be like Netflix which is subject to a 56-day wait.
- Redbox will now obtain its WB movies from a source other than WB. That means Redbox will not get the movies at a discount.
- At the D:Dive Into Media conference Tuesday, YouTube CEO Salar Kamangar said his company could potentially create a service that could enable content providers to create their own subscription-based video offerings on the YouTube platform.
- Kamangar gave an example of being able to sign up for individual yoga channels, for instance. While he warned that it’s a bit premature and that YouTube doesn’t currently have a product to announce, it’s definitely something YouTube is thinking about.“
- Apple: Piper's Munster Finds More Evidence TV Coming Soon
- Photos show quad-core iPad 3 processor, Wi-Fi and global LTE options
- More photos of iPod Nano with a camera emerge
- Rumor Mill time!
- Piper Jaffary analyst Gene Munster is back saying, “We recently spoke to a major TV component supplier who has been contacted by Apple regarding various capabilities of their television display components,” he writes in a research note. “We are confident that Apple will enter the connected TV market, but timing remains uncertain."
- Apple is investing in manufacturing facilities for LCD displays ranging from 3.5″ mobile displays to 50″ television displays.
- Same stuff:
- Apple could enable its television to manage a consumer’s live TV service from within a unified interface, like TiVo, but without a set-top box.
- Apple could offer access to live TV from network programming in combination with Web-based video services.
- Apple could offer monthly subscriptions on an a-la-carte basis for live TV packages with content from content providers; this is the most challenging scenario due to existing licensing arrangements, he notes.
- BGR has photos from a source who says he's got an prototype iPad 3.
- The photo shows a developer and debug tool called iBoot
- specs show a quad core processor, the A6 - two models: WiFi only and WiFi + GSM/CDMA/LTE for all carriers
- Then Apple.pro published pics of a nano that looks like it has a camera.
- ARM's CEO Warren East says Microsoft's brand recognition among consumers gives it an edge over Android, when asked by an analyst why Windows 8 tablets would be a hit when Android tablet sales have been "disappointing". He says he still believes in Android, but thinks Intel's got its work cut out for it compete "with the 20 or so ARM licensees who are very actively supplying apps processors."
- The Electronic Frontier Foundation is collecting information from Megaupload users in hopes to recover their content. The EFF along with Megaupload host Carpathia Hosting set up MegaRetreival.com. The EFF is focused on bringing back lawful content and will review factual situations. The CMO of Carpathia published a statement at the site, saying "We have no immediate plans to reprovision some or all of the Megaupload servers. This means that there is no imminent data loss for Megaupload customers. If this situation changes, we will post a notice at least 7 days in advance of reprovisioning any Megaupload servers at www.Carpathia.com andwww.MegaRetrieval.com."
- Score one for Samsung! The Munich Regional Court rejected a motion by Apple to get a preliminary ban on sales of the Galaxy 10.1N and Galaxy Nexus phones in a case where Apple invoked a patent granted last year protecting technology related to touch screens for tablets and smartphones.“Samsung has shown that it is more likely than not that the patent will be revoked because of a technology that was already on the market before the intellectual property had been filed for protection,” Presiding Judge Andreas Mueller said when delivering the ruling.
- Let's have some more Samsung news! Samsung announced that you won't be see the upcoming Galaxy S III at this month's Mobile World Congress. Samsung told The Verge that we'll see the next Galaxy S at a separate Samsung-hosted event.
- Seagate Technology says supply of hard disk drives this year will fall short of demand, citing floods in Thailand as a leading cause in the need for long-term agreements with large customers. Last month research firm Gartner predicted the major impact of the HDD shortage after the floods will be felt in the first half of this year, but continue through 2012. PC shipment growth could be temporarily affected during 2012, Gartner said.
- The Senate Judiciary subcommittee on Antitrust, Competition Policy and Consumer Rights will hold hearings examining Verizon's deal to buy wireless spectrum from Bright House, Comcast, and Time Warner. The deal allows the cable companies to sell Verizon services and vice versa. Comcast is already selling Verizon LTE service with its other services in Seattle and Portland.
- Google wants to keep operating its Google Maps service in China and is in discussions with the Chinese government to get an essential license granted to do so. This morning, Chinese media reported that Google would miss the deadline to apply for the license, however a Google spokesperson says "We’re currently in discussions with the government about how we can offer a maps product in China." A1Google is required to hold a number of licenses to legally provide services in China, the mapping service license requirement is new.
- Romanian Police believe they've arrested NASA and Pentagon hacker TinKode. Razvan Manole Cernaianu is accessed high profile computer systems without authorization. He's a 20 year old IT-student. Both NASA and the FBI were part of the investigation that led to the arrest.
- WikiLeaks may move operations to the high seas! Financial backers OF WikiLeaks founder Julian Assange are reportedly on the hunt for a boat that would house Wikileaks' servers in international waters to avoid U.S. legal authorities, according to FoxNews.com. Another option ? Run WikiLeaks from a maritime micro-nation like the Principality of Sealand, a North Sea World War II-era anti-aircraft platform. Meanwhile, Assange went before Britian's Supreme Court today to appeal against rulings by lower courts approving Mr. Assange’s extradition to Sweden. The judges are expected to announce their conclusions in several weeks.
- WikiLeaks Founder Appeals Extradition at Britain’s Supreme Court
- Boxee removed all copies of its app for PCs last night. The company says the future of TV will be driven by the Boxee Box and other connected devices, rather than PCs.
- Firefox 10 for Android now available in the Android Market includes anti-aliasing for WebGL, HTML5 support, but no Flash in the browser.
- Mint has launched a free Android app which should provide a similar experience to its iOS app. Mint launched in 2007 and was acquired by Intuit in 2009.
- PSN maintenance starts this Thursday at 9am EST, through 3 am EST Friday morning. It doesn't affect gameplay, just the PS Store, Customer Account Management and Registration services.
- Gotham City Impostors launches February 7th on North American PSN and PCs, and February 8th for Xbox Live and PSNs worldwide.
"Last week, Tom mentioned the Hawaii bill that would have required ISPs to record & save user history & other information for two years. Today, Rep. John Mizuno bowed to pressure & killed his own bill!
Yay! Countless Hawaii internet users sigh in relief. Guess John heard Tom was on the way...
- ad times: :51-1:01 and 22:53-24:38
- Edited by: Jason
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