In a push to expand its digital advertising empire to cellphones, Google has agreed to acquire AdMob, a fast-growing mobile advertising start-up, for $750 million in stock, the companies said.
AdMob is one of the top sellers of banner ads on iPhone applications and Web pages that can be retrieved from mobile phones. The acquisition could help establish Google as an early leader in the small but rapidly expanding mobile phone advertising business.
The deal shows that Google is serious about becoming a major player in the mobile advertising ecosystem, said Neil Strother, an analyst with Forrester Research. It puts Google in the front-runner position.Strother and other analysts said that position could prove tenuous. The mobile advertising business, which has long been hailed as the next big thing, remains embryonic.
Agencies
Showing posts with label San Francisco. Show all posts
Showing posts with label San Francisco. Show all posts
Wednesday, November 11, 2009
Wednesday, September 16, 2009
Has Oracle ended its HP computer tie-up?
Oracle Corp has ended a high-profile computer-building partnership with Hewlett-Packard Co as Oracle prepares to acquire Sun Microsystems Inc, a rival of HP.
Sun, the world's No. 4 server maker, and Oracle have jointly developed a second-generation version of a specialized database computer, dubbed Exadata. Oracle and HP launched the first version a year ago.
Oracle Chief Executive Larry Ellison unveiled the new machine on Tuesday, almost a year after he announced his company's entry into the hardware business with help from HP. At the time, he said that HP would be a key ally in that effort.
But the dynamics of that relationship have changed since April, when Oracle agreed to buy Sun for more than $7 billion. Hewlett-Packard and Sun are fierce rivals in the markets for server computers and storage equipment.
The new Exadata computer is the first of what Ellison has said will be many products that wed Sun's hardware with Oracle's software.
An Oracle spokeswoman said Oracle would continue to sell the Exadata computers, built in partnership with HP, until existing inventory is sold out, if customers request that model.
Officials at Hewlett-Packard could not be reached for comment.
When Ellison unveiled the HP partnership a year ago, he told customers that the product could not have been developed without that company's assistance.
On Tuesday he bragged that Sun's technology made the database computer far superior to hardware from rivals including Teradata Corp and Netezza Corp.
"Everything is bigger about Exadata, Version 2. Everything is faster about Exadata, Version 2," he said during a presentation to customers that was broadcast over the Internet.
Oracle does not break out sales of the Exadata machine. But during the company's most recent earnings call, Ellison said that it was one of the most successful products he had launched since he founded the company more than 30 years ago.
Agencies
Sun, the world's No. 4 server maker, and Oracle have jointly developed a second-generation version of a specialized database computer, dubbed Exadata. Oracle and HP launched the first version a year ago.
Oracle Chief Executive Larry Ellison unveiled the new machine on Tuesday, almost a year after he announced his company's entry into the hardware business with help from HP. At the time, he said that HP would be a key ally in that effort.
But the dynamics of that relationship have changed since April, when Oracle agreed to buy Sun for more than $7 billion. Hewlett-Packard and Sun are fierce rivals in the markets for server computers and storage equipment.
The new Exadata computer is the first of what Ellison has said will be many products that wed Sun's hardware with Oracle's software.
An Oracle spokeswoman said Oracle would continue to sell the Exadata computers, built in partnership with HP, until existing inventory is sold out, if customers request that model.
Officials at Hewlett-Packard could not be reached for comment.
When Ellison unveiled the HP partnership a year ago, he told customers that the product could not have been developed without that company's assistance.
On Tuesday he bragged that Sun's technology made the database computer far superior to hardware from rivals including Teradata Corp and Netezza Corp.
"Everything is bigger about Exadata, Version 2. Everything is faster about Exadata, Version 2," he said during a presentation to customers that was broadcast over the Internet.
Oracle does not break out sales of the Exadata machine. But during the company's most recent earnings call, Ellison said that it was one of the most successful products he had launched since he founded the company more than 30 years ago.
Agencies
Sunday, September 13, 2009
Motorola unveils Cliq smartphones
Motorola introduced its first smartphone based on Google's Android software, in a move that's key to the company's goal of regaining its place among the world's top cellphone manufacturers.
The device, dubbed the Cliq, will first be made available later this year in the US through T-Mobile. The touch-screen phone will run a new service from Motorola called MotoBlur, which synchronises all user messages and contacts, Motorola chief executive Sanjay Jha said at the Mobilize conference in San Francisco.
"MotoBlur makes text, e-mail, Facebook, Twitter feeds and photos from sources like MySpace, Gmail, Yahoo and corporate e-mail appear in a single stream and sync them together with no different logins," Jha said. "This means you can focus on what people have said instead of how and where they said it."
The Cliq will feature a full, slide-out keyboard, a 5-megapixel camera and access to all the Google programmes and applications available for the company's Android platform.
The phone will be called the Dext in markets outside the U.S. and will launch in France, Britain and Latin America later in the year, Jha said. No pricing was available for the device.
Analysts said the integration of social networking into phones could give Motorola and other manufacturers a foot in the door in their battle to challenge the iPhone as the world's dominant smartphone.
Motorola has been especially hard hit by the move to smartphones, selling just 18.8 million handsets in the most recent quarter, down from 28.1 million a year ago. Earlier this decade, the company's Razr was the world's most popular cellphone.
Jha said that Motorola was now refocused on producing cutting-edge mobile devices. He said the Cliq was crucial to the company's recovery.
"It's a very important starting point for us," Jha said. "I see smartphones as the future of computing. If it doesn't fit in your pocket, I don't think it's going to be a relevant device."
Agencies
The device, dubbed the Cliq, will first be made available later this year in the US through T-Mobile. The touch-screen phone will run a new service from Motorola called MotoBlur, which synchronises all user messages and contacts, Motorola chief executive Sanjay Jha said at the Mobilize conference in San Francisco.
"MotoBlur makes text, e-mail, Facebook, Twitter feeds and photos from sources like MySpace, Gmail, Yahoo and corporate e-mail appear in a single stream and sync them together with no different logins," Jha said. "This means you can focus on what people have said instead of how and where they said it."
The Cliq will feature a full, slide-out keyboard, a 5-megapixel camera and access to all the Google programmes and applications available for the company's Android platform.
The phone will be called the Dext in markets outside the U.S. and will launch in France, Britain and Latin America later in the year, Jha said. No pricing was available for the device.
Analysts said the integration of social networking into phones could give Motorola and other manufacturers a foot in the door in their battle to challenge the iPhone as the world's dominant smartphone.
Motorola has been especially hard hit by the move to smartphones, selling just 18.8 million handsets in the most recent quarter, down from 28.1 million a year ago. Earlier this decade, the company's Razr was the world's most popular cellphone.
Jha said that Motorola was now refocused on producing cutting-edge mobile devices. He said the Cliq was crucial to the company's recovery.
"It's a very important starting point for us," Jha said. "I see smartphones as the future of computing. If it doesn't fit in your pocket, I don't think it's going to be a relevant device."
Agencies
Friday, June 12, 2009
Google eyes smaller firms to acquire
Google Inc is looking to buy smaller technology companies to enhance its technology portfolio, Chief Executive Eric Schmidt said in an interview with the Fox Business network
Schmidt said Google plans to focus on the cloud, mobile, and open source distribution of software in the next year.
"We have been (looking to acquire)," Schmidt said. "We have been wandering around looking at all of the different companies.
With the big ones we haven't come across anything we've particularly liked. We are definitely talking to a number of smaller companies but we've done that routinely." "We primarily look for technology. It's a typical build versus buy.
How long does it take us to build it with our engineers, versus there are already engineers in this other company that have built this thing."
The chief executive's statements come as the Internet search giant's growth slows from double digit percentages amid global economic turmoil and a sharp, industry-wide decline in advertising.
On Tuesday Google's green energy czar Bill Weihl said the company is closing in on its goal of producing renewable energy at a price cheaper than coal.
Google, known for its Internet search engine, in late 2007 said it would invest in companies and do research of its own to produce affordable renewable energy -- at a price less than burning coal -- within a few years.
The often-quirky company cast the move as a philanthropic effort to address climate change, but the work is done by a unit of the for-profit corporation, Google.org, and Google investors will profit from any breakthroughs.
Google's investment has been modest, so far. The company has put less than $50 million into clean energy start-ups, while the efforts of Weihl's group are probably about $10 million or $20 million.
Schmidt said Google plans to focus on the cloud, mobile, and open source distribution of software in the next year.
"We have been (looking to acquire)," Schmidt said. "We have been wandering around looking at all of the different companies.
With the big ones we haven't come across anything we've particularly liked. We are definitely talking to a number of smaller companies but we've done that routinely." "We primarily look for technology. It's a typical build versus buy.
How long does it take us to build it with our engineers, versus there are already engineers in this other company that have built this thing."
The chief executive's statements come as the Internet search giant's growth slows from double digit percentages amid global economic turmoil and a sharp, industry-wide decline in advertising.
On Tuesday Google's green energy czar Bill Weihl said the company is closing in on its goal of producing renewable energy at a price cheaper than coal.
Google, known for its Internet search engine, in late 2007 said it would invest in companies and do research of its own to produce affordable renewable energy -- at a price less than burning coal -- within a few years.
The often-quirky company cast the move as a philanthropic effort to address climate change, but the work is done by a unit of the for-profit corporation, Google.org, and Google investors will profit from any breakthroughs.
Google's investment has been modest, so far. The company has put less than $50 million into clean energy start-ups, while the efforts of Weihl's group are probably about $10 million or $20 million.
Friday, May 29, 2009
Microsoft's Bing to take on Google
Microsoft has unveiled a new search engine named Bing, renewing its efforts to challenge the dominance of Google in the Internet search market.
The company said the new service will begin to roll out over the coming days and will be fully deployed worldwide June 3.
"Today, search engines do a decent job of helping people navigate the web and find information, but they don't do a very good job of enabling people to use the information they find," Steve Ballmer, Microsoft's chief executive officer, said in a statement.
"Bing is an important first step forward in our long-term effort to deliver innovations in search that enable people to find information quickly and use the information they've found to accomplish tasks and make smart decisions," he added.
Microsoft said the Bing service, billed by the company as a Decision Engine, will initially focus on shopping, travel, local business and information, and health-related research - areas in which people want more assistance in making key decisions.
The software giant still has a long way to go to increase its share in the search market.
According to latest analysis by market research firm comScore, in April this year, Google led the US search market with 64.2 per cent of the searches conducted, followed by Yahoo with 20.4 per cent, with Microsoft a distant third with 8.2 per cent.
CXOtoday
The company said the new service will begin to roll out over the coming days and will be fully deployed worldwide June 3.
"Today, search engines do a decent job of helping people navigate the web and find information, but they don't do a very good job of enabling people to use the information they find," Steve Ballmer, Microsoft's chief executive officer, said in a statement.
"Bing is an important first step forward in our long-term effort to deliver innovations in search that enable people to find information quickly and use the information they've found to accomplish tasks and make smart decisions," he added.
Microsoft said the Bing service, billed by the company as a Decision Engine, will initially focus on shopping, travel, local business and information, and health-related research - areas in which people want more assistance in making key decisions.
The software giant still has a long way to go to increase its share in the search market.
According to latest analysis by market research firm comScore, in April this year, Google led the US search market with 64.2 per cent of the searches conducted, followed by Yahoo with 20.4 per cent, with Microsoft a distant third with 8.2 per cent.
CXOtoday
Thursday, April 16, 2009
Will Yahoo layoff hundreds of employees?
Yahoo Inc is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.
The cuts will likely affect several hundred employees, a person familiar with the plan said, confirming a report first published on The New York Times' Web site.
The person asked to remain anonymous because Yahoo isn't publicly discussing anything that might affect its stock price until the April 21 release of the Sunnyvale, California-based company's first-quarter earnings report.
Most analysts expect those results to be lackluster, extending a pattern of disappointing profits that began in 2006.
Yahoo hired technology veteran Carol Bartz as its chief executive in January to steer a turnaround. The blunt-talking Bartz has spent much of her tenure trying to understand Yahoo's strengths and weaknesses while promising to throw out the dead wood. She already has reorganized Yahoo's management team.
Bartz's predecessor, Yahoo co-founder Jerry Yang, also tried to shake things up by laying off about 1,000 workers in February 2008 only to expand the payroll again in the next few months. Just before Bartz's hiring, Yahoo eliminated more than 1,500 jobs to enter 2009 with 13,600 workers.
When they made the last cuts, Yahoo executives warned more layoffs could be coming if the recession worsened — an unwelcome turn that occurred during the first three months of the year.
The deepening downturn has caused more advertisers to trim their spending, a trend that has hurt all companies like Yahoo that depend on advertising for most of their revenue. The retrenchment has been a bigger problem for more traditional media, particularly newspapers, but it's also forcing Internet companies to tighten their belts.
Even Internet search leader Google Inc, which generates three times more revenue than Yahoo, decided to lay off about 340 workers and curb other expenses during the first quarter to bolster its profits during the tough times.
Agencies
The cuts will likely affect several hundred employees, a person familiar with the plan said, confirming a report first published on The New York Times' Web site.
The person asked to remain anonymous because Yahoo isn't publicly discussing anything that might affect its stock price until the April 21 release of the Sunnyvale, California-based company's first-quarter earnings report.
Most analysts expect those results to be lackluster, extending a pattern of disappointing profits that began in 2006.
Yahoo hired technology veteran Carol Bartz as its chief executive in January to steer a turnaround. The blunt-talking Bartz has spent much of her tenure trying to understand Yahoo's strengths and weaknesses while promising to throw out the dead wood. She already has reorganized Yahoo's management team.
Bartz's predecessor, Yahoo co-founder Jerry Yang, also tried to shake things up by laying off about 1,000 workers in February 2008 only to expand the payroll again in the next few months. Just before Bartz's hiring, Yahoo eliminated more than 1,500 jobs to enter 2009 with 13,600 workers.
When they made the last cuts, Yahoo executives warned more layoffs could be coming if the recession worsened — an unwelcome turn that occurred during the first three months of the year.
The deepening downturn has caused more advertisers to trim their spending, a trend that has hurt all companies like Yahoo that depend on advertising for most of their revenue. The retrenchment has been a bigger problem for more traditional media, particularly newspapers, but it's also forcing Internet companies to tighten their belts.
Even Internet search leader Google Inc, which generates three times more revenue than Yahoo, decided to lay off about 340 workers and curb other expenses during the first quarter to bolster its profits during the tough times.
Agencies
Tuesday, April 14, 2009
Is Google showing signs of vulnerability?
With three rounds of layoffs announced since the year began, Google Inc is showing rare signs of vulnerability. As it prepares to deliver first-quarter results on Thursday, investors are anxious to see if the Google machine has any visible cracks, or if the No 1 US Internet search company continues to sidestep the worst of the storm.
"Whenever Internet companies cut costs, people take any cost cutting as a really negative signal," said Sanford Bernstein analyst Jeff Lindsay. But he said Web searches on Google continue to increase, while revenue from paid clicks, people clicking on Google's text-based search ads, appears to be holding up.
"We think they've been cutting costs prudently and sensibly, and it's probably a good indication that they're going to have good margin performance," said Lindsay, who rates Google's stock "outperform." With global economies sputtering, and one recent report forecasting a 5 percent decline in US online advertising spending this year, business conditions for Google and other Internet companies are as bad as they have ever been.
Analysts expect a sequential drop in revenue for the first time in Google's history as a public company. The average forecast, according to Reuters Estimates, is for first-quarter revenue of $5.53 billion, a 3 percent fall quarter over quarter, or a 6.6 percent gain year on year. Still, that is better than Google's rivals.
Yahoo Inc has projected sales falling as much as 16 percent year-over-year in the first quarter. And some analysts expect revenue at Time Warner Inc's AOL unit to slide 19 percent or more in the first quarter from a year ago. Thus Google's stock, which was trading at around $378 on Monday, has risen 23 percent since the eve of its last quarterly earnings report, outperforming the broader market. Google shares trade at 18 times forward earnings versus the 38 times multiple for rival Yahoo.
Shares outperform
Analysts, on average, expect Google to earn $4.20 a share in the first quarter, up about 2 percent from $4.12 in the year-earlier period, according to Reuters Estimates. Roughly 97 percent of Google's revenue comes from advertising. Of that, the vast majority is tied to Google's search-based advertising system.
Because advertisers only pay when a Web surfer clicks on one of Google's search ads, analysts say the ads provide customers with a better return than other forms of advertising such as broadcast radio ads or Internet banner ads. But JP Morgan analyst Imran Khan said in a recent note to investors that the tight credit market could force small businesses, which he reckons accounts for 20 percent of Google's revenue, to cut back on ad spending.
Google does not give financial guidance but Wall Street will be paying close attention to the comments executives make about the economy on Thursday's conference call. Google said in March that it was laying off 200 workers in its sales and marketing groups, following job cuts in its recruiting group and its shuttered broadcast radio advertising business in January and February.
"It is not news that Google is being impacted by the economy. The real question is how much will the economy impact Google from here on out and how long will this recession last," said Cowen & Co analyst James Friedland. "If the ad pie keeps shrinking, eventually Google's ad pie will shrink," said Friedland, who has an outperform rating on Google. While the company ended 2008 with $15.8 billion in cash and short-term securities on its books, investors and analysts are also eager for any updates about how Google plans to use the money.
Agencies
"Whenever Internet companies cut costs, people take any cost cutting as a really negative signal," said Sanford Bernstein analyst Jeff Lindsay. But he said Web searches on Google continue to increase, while revenue from paid clicks, people clicking on Google's text-based search ads, appears to be holding up.
"We think they've been cutting costs prudently and sensibly, and it's probably a good indication that they're going to have good margin performance," said Lindsay, who rates Google's stock "outperform." With global economies sputtering, and one recent report forecasting a 5 percent decline in US online advertising spending this year, business conditions for Google and other Internet companies are as bad as they have ever been.
Analysts expect a sequential drop in revenue for the first time in Google's history as a public company. The average forecast, according to Reuters Estimates, is for first-quarter revenue of $5.53 billion, a 3 percent fall quarter over quarter, or a 6.6 percent gain year on year. Still, that is better than Google's rivals.
Yahoo Inc has projected sales falling as much as 16 percent year-over-year in the first quarter. And some analysts expect revenue at Time Warner Inc's AOL unit to slide 19 percent or more in the first quarter from a year ago. Thus Google's stock, which was trading at around $378 on Monday, has risen 23 percent since the eve of its last quarterly earnings report, outperforming the broader market. Google shares trade at 18 times forward earnings versus the 38 times multiple for rival Yahoo.
Shares outperform
Analysts, on average, expect Google to earn $4.20 a share in the first quarter, up about 2 percent from $4.12 in the year-earlier period, according to Reuters Estimates. Roughly 97 percent of Google's revenue comes from advertising. Of that, the vast majority is tied to Google's search-based advertising system.
Because advertisers only pay when a Web surfer clicks on one of Google's search ads, analysts say the ads provide customers with a better return than other forms of advertising such as broadcast radio ads or Internet banner ads. But JP Morgan analyst Imran Khan said in a recent note to investors that the tight credit market could force small businesses, which he reckons accounts for 20 percent of Google's revenue, to cut back on ad spending.
Google does not give financial guidance but Wall Street will be paying close attention to the comments executives make about the economy on Thursday's conference call. Google said in March that it was laying off 200 workers in its sales and marketing groups, following job cuts in its recruiting group and its shuttered broadcast radio advertising business in January and February.
"It is not news that Google is being impacted by the economy. The real question is how much will the economy impact Google from here on out and how long will this recession last," said Cowen & Co analyst James Friedland. "If the ad pie keeps shrinking, eventually Google's ad pie will shrink," said Friedland, who has an outperform rating on Google. While the company ended 2008 with $15.8 billion in cash and short-term securities on its books, investors and analysts are also eager for any updates about how Google plans to use the money.
Agencies
Wednesday, December 31, 2008
Motorola to layoff another 400 employees
Mobile phone maker Motorola Inc said it will lay off 400 more employees in the fourth-quarter than it originally planned, resulting in additional charges.
In October, Motorola announced a cost-reduction plan that included cutting a total of 3,000 jobs, with 1,500 coming in the fourth quarter. The change means 1,900 will be in the fourth quarter although the overall total will not change.
The plan is intended to save the company $800 million in 2009. The fourth-quarter job cuts, primarily from the mobile devices segment, were expected to result in charges totaling $104 million.
In a filing with the US Securities and Exchange Commission, the company said it has since approved plans to cut another 400 jobs in the quarter. Motorola now expects $189 million in charges in the period related to its cost-cutting initiative.
In the filing, Motorola said "all of the company's business segments, as well as various corporate functions, are impacted by these plans."
Earlier this month, Motorola said it would suspend contributions to its 401(k) worker retirement plan, freeze its pension plan, stop some pay increases and cut the salaries of its two top executives.
Shares of Schaumburg, Illinois-based Motorola closed up 11 cents at $4.16.
Source: Agencies
In October, Motorola announced a cost-reduction plan that included cutting a total of 3,000 jobs, with 1,500 coming in the fourth quarter. The change means 1,900 will be in the fourth quarter although the overall total will not change.
The plan is intended to save the company $800 million in 2009. The fourth-quarter job cuts, primarily from the mobile devices segment, were expected to result in charges totaling $104 million.
In a filing with the US Securities and Exchange Commission, the company said it has since approved plans to cut another 400 jobs in the quarter. Motorola now expects $189 million in charges in the period related to its cost-cutting initiative.
In the filing, Motorola said "all of the company's business segments, as well as various corporate functions, are impacted by these plans."
Earlier this month, Motorola said it would suspend contributions to its 401(k) worker retirement plan, freeze its pension plan, stop some pay increases and cut the salaries of its two top executives.
Shares of Schaumburg, Illinois-based Motorola closed up 11 cents at $4.16.
Source: Agencies
Wednesday, December 10, 2008
Has recession hits jobs in Silicon Valley?
Young professionals and recent graduates have struggled to find work in a sliding economy, but one area — Silicon Valley — has been relatively immune. Until now. Silicon Valley companies that initially resisted the swooning of the economy are looking to cut costs and shed entry-level positions, and people in their 20’s are finding a college degree is no longer their golden ticket to a dream job in high tech.
“I feel like I put in all the work (in school) to not have a job,’’ said Jillian Crawford, 25, who’s been looking for a marketing job with a tech company since she graduated with honors from San Jose State University in June. Crawford has applied to about 25 marketing jobs without receiving much of a response from employers. She remains committed to finding a job in Silicon Valley and would be dismayed if she had to look elsewhere.
That may not be easy
Silicon Valley has been hit hard by the global economic crisis as tech companies, including Hewlett Packard, Yahoo, Sun Microsystems and Applied Materials have shed 140,000 jobs in the last few months, according to Challenger, Gray and Christmas, a consulting group.
Instead, employers are putting an increased value on experience and tenure, something recent graduates lack. And many companies are moving seasoned employees around to fill open positions rather than add another person to the payroll, according to Kerry Kiley, Bay Area regional manager for employment firm Adecco.
“Things out there are very, very tough right now and seem to be getting tougher before they’re getting better — even for the educated,’’ she said. Only engineers buck the trend. It has been tough for Crawford. She moved back home with her parents a little over a month ago to save money while searching for a job.“I was thinking (it would take) maybe a couple weeks, maybe three weeks, before finding a job I was really interested in,’’ said Crawford. “I am completely still shocked at how long it’s taken.’’
Source; Agencies
“I feel like I put in all the work (in school) to not have a job,’’ said Jillian Crawford, 25, who’s been looking for a marketing job with a tech company since she graduated with honors from San Jose State University in June. Crawford has applied to about 25 marketing jobs without receiving much of a response from employers. She remains committed to finding a job in Silicon Valley and would be dismayed if she had to look elsewhere.
That may not be easy
Silicon Valley has been hit hard by the global economic crisis as tech companies, including Hewlett Packard, Yahoo, Sun Microsystems and Applied Materials have shed 140,000 jobs in the last few months, according to Challenger, Gray and Christmas, a consulting group.
Instead, employers are putting an increased value on experience and tenure, something recent graduates lack. And many companies are moving seasoned employees around to fill open positions rather than add another person to the payroll, according to Kerry Kiley, Bay Area regional manager for employment firm Adecco.
“Things out there are very, very tough right now and seem to be getting tougher before they’re getting better — even for the educated,’’ she said. Only engineers buck the trend. It has been tough for Crawford. She moved back home with her parents a little over a month ago to save money while searching for a job.“I was thinking (it would take) maybe a couple weeks, maybe three weeks, before finding a job I was really interested in,’’ said Crawford. “I am completely still shocked at how long it’s taken.’’
Source; Agencies
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