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Atlassian To Acquire Project Management Software Firm Trello

January 11, 2017 by  
Filed under Around The Net

Atlassian, the company known for HipChat and the JIRA software development tool, will purchase Trello, a vendor of the eponymous collaborative project management software.

The deal will give Atlassian users new ways to organize, discuss and complete their work, Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO, wrote in a blog post Monday.

“By adding Trello to the Atlassian family, we’re giving teams more choice in the tools they use to support the way that they want to work,” he said. Trello will offer “a fun new way for teams to organize the often messy range of information that feeds into great teamwork.”

Trello, with more than 19 million users, is a “break-out success” in the team-building software market. Among Trello’s customers: Google, PayPal, Kickstarter, and Pixar, according to the company’s website.

 “Trello’s pioneering use of an intuitive visual system has been embraced by all kinds of teams to do everything from managing marketing campaigns to tracking action items from team meetings,” Cannon-Brookes wrote.  “Atlassian’s mission is to unleash the potential in every team. In Trello, we found a group that is as dedicated to helping teams get stuff done as we are.”

The Trello card-based system is intuitive and easy to use, he added. It’s popular with marketing, legal, HR, and sales teams.

The acquisition, expected to close later this quarter, is priced at $425 million, with $360 million in cash and the remainder in stock, an Atlassian spokesman said.

Trello, launched in 2011, was spun out from parent company Fog Creek Software in 2014. The company raised $10.3 million in funding led by Spark Capital and Index Ventures.

Yahoo Renames Itself, To Become Altaba

January 11, 2017 by  
Filed under Around The Net

Yahoo Inc has announced that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would resign from the board after the closing of its deal with Verizon Communications Inc.

Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion.

The terms of that deal could be amended – or the transaction may even be called off – after Yahoo last year disclosed two separate data breaches; one involving some 500 million customer accounts and the second involving over a billion.

 Verizon executives have said that while they see a strong strategic fit with Yahoo, they are still investigating the data breaches.

Five other Yahoo directors would also resign after the deal closes, Yahoo said in a regulatory filing on Monday.

The remaining directors will govern Altaba, a holding company whose primary assets will be a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd and 35.5 percent stake in Yahoo Japan.

The new company also named Eric Brandt chairman of the board, effective Jan. 9.

Apple Waning, Cutting iPhone Production

January 3, 2017 by  
Filed under Mobile

Apple Inc will put into place a reduction in production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily is reporting, citing calculations based on data from the smartphone’s list of  suppliers.

The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said.

Apple’s shares were down 0.84 percent in midday trading, in line with the Nasdaq stock index.

 An Apple spokeswoman declined to comment on the report.

Will Twitter Be Around For All Of 2017?

December 28, 2016 by  
Filed under Around The Net

It has taken a while, but we are finally getting analysts to describe situations in the way we do. Trip Chowdhry, the managing director of equity research at Global Equities Research shocked the market when he described Twitter as being “toast.”

We would have liked it better had he added Twitter was now the Norwegian Blue of the tech world but we can’t have everything.

Chowdhry’s comment followed chief technology officer, Adam Messinger, tweeted that he would leave the company and “take some time off.” Meanwhile Josh McFarland, vice president of product at Twitter, also said he was exiting the company. Both exits were announced on the same day.

Last month, Adam Bain stepped down as chief operating officer last month to be replaced by chief financial officer Anthony Noto, who has yet to be replaced. Twitter has also lost leaders from business development, media and commerce, media partnerships, human resources, and engineering this year.

Chowdhry said that many Twitter investors were foolishly building an investment thesis based on complete stupidity. The company was toast and not worth $10 a share, he added.

A $10 price tag would represent a more than 44 percent decline in the U.S. technology company’s shares on Tuesday’s closing price.

He said Twitter’s data quality was “horrible.” Many pollsters used Twitter data to predict a Hillary Clinton win in the US election but the fact that Donald Trump won shows that data quality is poor. This was because Twitter allowed too many fake users on the platform, Chowdhry claims.

“If data quality is bad, ad targeting is bad, and if ad targeting is bad, advertisers are not happy, and hence monetisation will remain challenging for Twitter,” Chowdhry said.

Twitter’s average monthly active users for the third quarter increased to 317 million, up 4 million from its second quarter, while earnings beat market expectations. The US social media giant also announced plans to lay off about 350 people, or 9 percent of its global workforce.

Courtesy-Fud

Twitter Suffers Another Loss

December 22, 2016 by  
Filed under Around The Net

twitter-logo-4-150x150Twitter Inc’s Chief Technology Officer Adam Messinger announced via a tweet on Tuesday he would be leaving the company, the latest in a string of high-profile executive departures.

Messinger had been working with Twitter for five years and became the CTO in March 2013. Prior to joining Twitter in 2011, he was vice president of development at Oracle Corp.

Engineering Vice President Ed Ho will now take over all product and engineering and report directly to Chief Executive Jack Dorsey, Recode reported, citing people familiar with the restructuring.

“We’re taking steps to streamline and flatten the organization by elevating our engineering, product and design functions, with each area now reporting directly to Jack,” a company spokesperson said in an email.

As chief technology officer, Messinger was responsible for engineering, product development, and design at the microblogging company, amid efforts to find new products and features to grow its user numbers.

San Francisco-based Twitter has faced a string of departures, including in its product team, which has had three heads in less than a year.

No one individual was essential, but the fact that they all left should be concerning, especially since Dorsey is splitting his time between Square Inc and Twitter, Wedbush Securities Inc analyst Michael Pachter said.

Twitter’s Chief Operating Officer Adam Bain left the company last month, handing over the reins to Chief Financial Officer Anthony Noto.

Josh McFarland, vice president of product at Twitter, also said on Tuesday that he would leave the company to join Silicon Valley venture firm Greylock Partners.

Twitter said in October it would lay off 9 percent of its employees and shut down video app Vine to keep its costs down.

Teledyne Looks To Expand Product Line, Acquires E2V Tech

December 13, 2016 by  
Filed under Around The Net

teledyne-logo-150x150British imaging sensor maker E2V Technologies Plc announced that it has agreed to an all-cash acquisition offer worth about 620 million pounds (around $780 million) from Teledyne Technologies Inc.

Teledyne is expected to expand its product basket, which include monitoring and control systems for industries such as oil and gas exploration and marine research, after the acquisition.

E2V, which makes sensors for cameras and radio frequency generators for various industries, said Teledyne has offered 275 pence each per E2V share, a premium of 48 percent to the U.K.-based company’s closing price on Friday.

 Shares of E2V were up 47 percent at 273 pence per share, just below the offer premium, implying the company’s shareholders were not expecting a higher bid.

E2V said Teledyne had received acceptances from about 45 percent of its shareholders, and said the company’s board supports the offer.

The acquisition comes at a time when engineering and technology companies are seeing increased demand for technologies that help in averting industrial and environmental disasters such as the BP Plc oil spill in 2010, a concern for governments worldwide.

In August, auto supplier ZF Friedrichshafen AG said that it was seeking expansion opportunities in machine learning, semiconductors and sensor technologies as part of an aggressive push into autonomous driving and connected cars.

The Climate Corporation, a unit of Monsanto Co, said earlier this year that it was developing a network of in-field sensors to expand the scope of farming data flowing into its digital agriculture platform.

Panasonic Explores ZKW Group Acquisition, Push Into Automotive Electronics

December 6, 2016 by  
Filed under Around The Net

panasonic-logo-150x150Japan’s Panasonic Corp  is holding discussions to acquire European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.

The deal could be worth up to $1 billion and the two companies could reach a basic agreement as early as this month, the Nikkei business daily reported Monday.

An acquisition of ZKW would expand Panasonic’s automotive lineup, which currently centers on batteries and navigation systems, as it shifts its focus to corporate clients to escape price competition from lower-margin consumer electronics manufacturers.

 Panasonic said in a statement the reported deal was not something it had announced, and declined to comment further.

Austria-based ZKW declined to comment. It employed more than 5,900 staff at the end of last year and has plants in Austria, India, the Czech Republic, Slovakia, China, the United States and Mexico, according to its website.

Privately held ZKW supplies light-emitting diode headlights and lighting modules to U.S. and European automakers such as General Motors Co and BMW. It forecasts sales of about 900 million euros ($949.59 million) in 2016.

“ZKW is among various deals that Panasonic is considering,” said the source, who was not authorized to discuss the matter and asked not to be named.

“But no details have been decided and the deal could fall through,” he said.

Panasonic has earmarked 1 trillion yen ($8.80 billion) for strategic investments including mergers and acquisitions for the four years through March 2019. Of that amount, 70 percent has been already completed or allocated for specific deals, the company has said.

The possible acquisition comes at a time when rival electronics makers are also pushing into the automotive industry. Samsung Electronics Co Ltd agreed in November to buy Harman International Industries in an $8 billion deal.

Panasonic is targeting annual sales of 2 trillion yen for its automotive business in the year ending in March 2019, up from 1.3 trillion yen in the last financial year that ended in March.

Seagate And Amazon Backing Into The Clouds

December 6, 2016 by  
Filed under Around The Net

Hard drive maker Seagate has teamed up with Amazon to create a $99 1TB external hard drive that automatically backs up everything stored on it to the cloud.

Dubbed the Seagate Duet, the drive’s contents are cloned to Amazon Drive. All you need to do is plug in the drive, sign in with your Amazon account and that is it.

You can drag and drop files over, and access them from the web or Amazon’s Drive app on smartphones and tablets. Seagate claims you’ll get a year of unlimited storage just for buying the hard drive, which normally costs $59.99 annually.

Amazon’s listing for the Duet has some fine print. At the moment the offer is for the US and is not valid for current Amazon Drive Unlimited Storage paid subscription customers.

You also have to redeem the promo code within two months of buying the hard drive if you want the years’ worth of unlimited cloud storage.  Returning the Duet, will see your 12 months of unlimited drive storage slashed down to three.

Courtesy-Fud

Adobe To Acquire Video Ad firm TubeMogul

November 11, 2016 by  
Filed under Around The Net

adobe-hq-bldg-150x150Photoshop software maker Adobe Systems Inc announced that it will be purchasing advertising company TubeMogul Inc for about $540 million, net of debt and cash, giving it a bigger presence in the rapidly growing online video market.

Adobe’s $14 per share cash offer represents an 82.5 percent premium to TubeMogul’s Wednesday close.

Shares of TubeMogul, which allows advertisers to buy video ad space using its software, jumped to $13.95 in early trading on Thursday.

The deal will help Adobe add an ad buying platform to its digital marketing unit, which offers tools for businesses to analyze customer interactions and manage social media content.

Advertising technology firms such as TubeMogul, Rocket Fuel Inc and Tremor Video Inc face fierce competition from online advertising giants Facebook Inc and Alphabet Inc’s Google.

Up to Wednesday’s close, TubeMogul’s shares had fallen nearly 44 percent this year.

Facebook, Google and Twitter Inc have all been betting big on video over the past year, a format where advertisers are willing to pay a premium for a few seconds of users’ undivided attention.

“Whether it’s episodic TV, indie films or Hollywood blockbusters, video consumption is exploding across every device and brands are following those eyeballs,” said Brad Rencher, Adobe’s executive vice president of digital marketing.

Adobe said the acquisition would not have an impact on its adjusted earnings in the year ending December 2017.

 

Dell Profits Take A Hit

November 11, 2016 by  
Filed under Computing

It has been rumored that Dell is working on a PC class x86 Windows smartphone, but it looks like a picture has finally tipped up, just as the project was abandoned.

Evan Blass has found a snap of what appears to be the PC phone that Dell was supposed to be shipping with an Intel processor. Some thought it was Microsoft’s much-anticipated Surface Phone but it turned out that it was Dell’s rather cool, but abandoned project.

Specifications of the cancelled phone are thin on the ground, but the fact it had a x86 processor suggests that it would be the most powerful smartphone in history.

It would have run Windows 10 Mobile which already supports Intel X86 processors and Vole’s Continuum feature could have taken advantage of the beefy specs. Continuum feature works with the HP Elite x3. It means that the x3 can have a full desktop experience by virtue of connecting an external display, a dedicated keyboard and a mouse.

Now if Dell had got all this to go on a mobile with Continuum it would mean a perfect desktop on a phone. There would be no need for a separate laptop, because all you would need is a laptop dock.

It is not clear why Dell walked away from what would have changed everything in the mobile world. It might have been that it would have been because it could have killed its PC business, but it is also possible that Chipzilla shafted the project with its cancellation of Intel’s low-end segment as a restructuring move in May.

Either way it is rather sad.

Courtesy-Fud

T-Mobile Seen As Next Target Of A Merger

October 26, 2016 by  
Filed under Mobile

t-mobile-binge-on-150x150T-Mobile US Inc is the likeliest acquisition target as media giants partner up wireless carriers following AT&T Inc’s proposed $85.4 billion takeover of Time Warner Inc, analysts said.

AT&T announced the deal late on Saturday, stoking urgency in the telecoms and media sectors, where carriers facing a saturated wireless market are looking for content to attract mobile users and producers of shows and movies are seeking digital distribution.

T-Mobile took most of the wireless industry’s subscriber and revenue growth in the third quarter. Its strong balance sheet and fast-growing wireless business makes it an attractive target for a pay-TV or media company, analysts said.

T-Mobile shares jumped 9.5 percent on Monday after it announced third-quarter financial results. At least nine analysts raised their target price on the No. 3 wireless company, which said it added 851,000 postpaid subscribers in the quarter.

T-Mobile has taken market share from bigger rivals Verizon and AT&T, and that momentum is expected to continue, analysts said.

“The takeout target over the next twelve months has got to be T-Mobile,” New Street Research analyst Spencer Kurn said. Potential buyers include Comcast Corp, satellite-TV provider Dish Network Corp, and Mexican telecom company America Movil, analysts said.

Comcast and Dish declined to comment. America Movil could not be immediately reached for comment.

“Content of all kind is rapidly landing on the internet and the internet itself is rapidly transforming toward mobile,” T-mobile Chief Operating Officer Mike Sievert told Reuters.

T-Mobile is “very interested” in exploring strategic opportunities, he said.

Sprint Corp, which is aggressively working towards reviving its wireless business, is another takeout candidate, analysts said.

Sprint received more calls than usual from bankers over the weekend after the AT&T-Time Warner deal was announced, Chief Executive Marcelo Claure said on an earnings call on Tuesday.

“Our strategic value to many has significantly grown,” he added.

Is Twitter About To Go On The Auction Block?

September 26, 2016 by  
Filed under Around The Net

twitter-buy-button-150x150Twitter Inc has initiated discussions with several technology companies to explore putting itself up for sale, a person familiar with the matter said on Friday, signaling the start of what is likely to be a slow-rolling auction of the high-profile but profit-challenged social media company.

A sale of Twitter has been the subject of on-again, off-again rumors for many months as the company grapples with stagnant user growth, soft advertising sales and losses running at hundreds of millions of dollars a year.

The company’s business struggles have come even as the 10-year-old service has evolved into a potent global source of news, entertainment and social commentary.

CNBC, citing anonymous sources, reported on Friday that Twitter is in talks with companies including Google and may receive a formal bid soon. A source told Reuters that Salesforce.com is also in pursuit.

Twitter and Alphabet Inc, Google’s parent company did not respond to a request for comment. Salesforce declined to comment.

Verizon, another company mentioned in media reports on Friday as a possible suitor, said it did not comment on M&A rumors but that it had not submitted a bid for the company.

Twitter shares jumped more than 19 percent to $22.22 per share on Friday, marking the largest one-day rise since their first day of trading in 2013. The company now has a market value of around $16 billion.

Morningstar analyst Ali Mogharabi said Alphabet would be the best acquirer for Twitter since it has not yet been able to crack social media on its own despite several efforts.

“From a strategic standpoint, we think it would be more beneficial for Alphabet as opposed to Salesforce,” Mogharabi said. Former Google executive Omid Kordestani is executive chairman of Twitter.

Morningstar estimates Twitter could be bought for $22 per share. Twitter is working with investment banks Goldman Sachs and Allen & Co in considering possible transactions, sources familiar with the situation said.

Intel Goes Bullish

September 22, 2016 by  
Filed under Computing

It is starting to look like the PC market is picking up and Intel has raised its quarterly revenue forecast for the first time in more than two years.

Shares in Intel as much as 4.1 percent to a more than 15-year high on the back of the news which indicates the PC depression might be finally coming to an end..

Sales in the company’s PC business declined three percent to $7.3 billion in the latest quarter. The unit includes sales of chips for mobile phones and tablets. But Intel said that the green shoots of recovery are here.

Firstly HP said last month that revenue in its computer business rose 7.5 percent in the third quarter from the second as sales of notebooks improved. At the time FBN Securities analyst Shebly Seyrafi said commentary from Intel and HP suggested that PCs were “not as dead as people were thinking.”

Research firm IDC said in July global PC shipments fell less than expected in the second quarter, helped by strength in the United States.

Intel now says it expected third-quarter revenue to be $15.6 billion, plus or minus $300 million, compared with its prior forecast of $14.9 billion, plus or minus $500 million.

That implies the highest-ever quarterly revenue for Intel. Wall Street analysts on average were expecting $14.90 billion.

RBC Capital Markets analyst Amit Daryanani said the pre-announcement was a good first step to the PC story stabilising at Intel. Shares of rival AMD were up about 1 percent, while those of Micron Technology Inc (MU.O) and HP were marginally higher.Shares in Intel had shot ip up 2.6 percent at $37.53

Courtesy-Fud

Will Intel Help Apple Make Gains?

September 2, 2016 by  
Filed under Mobile

It is starting to look like the rumors that Intel is going to start making Apple’s mobile chip are actually true – despite a lack of official confirmation from anyone.

Gartner Group, which is not likely to make this sort of stuff up, says it is 100 percent sure that Intel is going to start making Jobs’ Mob chips in 2018. The Nikkei has also said something similar and now the Tame Apple Press, which never reports anything without Apple’s covert blessing is also on board with the rumors.

All this is a kick in the bottom line for Apple’s existing partners TSMC and Samsung, but then being an Apple partner must be like being a battered wife of a billionaire. You might have nice things but they come at a cost and eventually he is going to divorce you for someone younger anyway.

In this case a source close to Jobs’ Mob claimed that Apple had already agreed that a move to have Intel made chips for future iPhones and iPads was a priority.

It is unlikely that this could happen before 2018 but it is unlikely that this is so Apple can avoid its TSMC addiction. In fact it is more to do with finding an alternative to Samsung. Apple has huge problems working with Samsung which is its main rival for the iPhone and tablets. There are some Apple executives who still feel that Samsung must pay for stealing the rounded rectangle.

Taking Apple’s chip business away from Samsung will hurt the company overall. The only question is if Intel has the technical ability to make its mobile chips as successfully.

Courtesy-Fud

Alibaba’s Revenue Surge By 59%

August 12, 2016 by  
Filed under Uncategorized

Chinese e-commerce giant Alibaba Group Holding Ltd reported a better-than-expected 59 percent jump in quarterly revenue on Thursday, making it a shining start in a slowing Chinese economy.

Alibaba’s total revenue rose to 32.15 billion yuan, or $4.84 billion, in the quarter ended June 30 from 20.25 billion yuan a year earlier.

Mobile revenue increased 119.3 percent to 17.51 billion yuan, while monthly mobile active users increased 39 percent.

Net income attributable to shareholders fell to 7.14 billion yuan, or 2.94 yuan per share, from 30.82 billion yuan, or 11.92 yuan per share, in the year-earlier quarter.

Alibaba’s gross merchandise volume (GMV), the value of transactions carried out by third-party sellers on the company’s platforms, rose 24.4 percent to 837 billion yuan.

 

 

 

 

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