Hmm, apparently Samsung has pushed one too many of Apple's buttons.
According to DigiTimes Apple has bought up half of Elpida Memory's total chip
production of mobile DRAM rather than give the iPad and iPhone order to
Samsung, its largest supplier, accused of ripping off its technology in
courts throughout the world.
Reuters said the report - citing unnamed industry sources - cost Samsung, the
world's biggest DRAM factory, $10 billion worth of market cap on Wednesday.
Hynix also took a hit.
Elpida certainly appreciates it ‘cause market conditions have driven it
into bankruptcy protection and acquisition talks with Micron Technology.
If nothing else, Apple gets pricing leverage out of the deal and it's said a
Micron-Elpida tie-up could threaten South Korean memory chip hegemony.
... (more)
Oracle’s Java patent infringement case against Google and Android went to
the jury Tuesday afternoon.
The jury, which delivered only a partial verdict on copyright infringement
last week, deciding that Google infringed but unable to say whether that
infringement made “fair use” of the IP, is now down to 11 jurors.
One juror reportedly called in from the San Francisco Bay Bridge with car
trouble, unlikely to make court at all. The judge excused her from ever
coming back, ZDnet said, and pushed on.
Only two patents are at issue. In its closing statement Oracle accused Google
of be... (more)
Facebook Wednesday upped the number of shares that will be sold when it IPOs
Friday by almost 25% or 84 million shares to about 421.2 million shares of
Class A common stock.
The overallotment has also been increased from 50.6 million to 63.2 million.
If all 484.4 million shares move, it'd estimated $18.4 billion could change
hands, up from $14.7 billion.
The added shares will be coming from early investors.
The move, which gains Facebook nothing, will also cut CEO Mark Zuckerberg's
dominant voting power from 57.3% to around 55.8%.
Pricing remains, at least for the moment, at bet... (more)
Called "the biggest software company you haven't heard of yet" by one of its
shiny new backers, 10-year-old Qualtrics has gotten $70 million from Accel
Partners and Sequoia Capital in the VCs' largest joint investment ever. It's
also the company's first outside investment.
Reportedly profitable since it started, it's supposed to use the money to
expand its SaaS products beyond market research and accelerate its global
growth, expecting to hire another 250 employees to add to the existing 200 in
the next year.
Qualtrics is used for online data collection and analysis claiming to ... (more)
Here we are less than three days before Facebook's historic $100 billion IPO
and General Motors or "people familiar with the matter" let slip to the Wall
Street Journal that GM's going to stop advertising on the social networking
site because the paid ads are ineffective.
The big American carmaker still reportedly intends to do marketing through
Facebook but that's not going to put any money in Facebook's pocketbook.
The paper says GM started having doubts earlier this year and met with
Facebook managers, leaving the meetings "unconvinced advertising on the web
site made sense."
... (more)
Sue Poremba
Scott Sellers
Anthony Franco
Daniel Morris
Wayne Walls
Niki Acosta
Jereme Hancock
Oren Michels
Marvin Wheeler
Douglas Kim
