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Silicon Alley Insider -
1 days ago
pimg class="float_right" src="/~~/f?id=4804c3fa14b9b95600bbeddemaxX=252maxY=187" border="0"
alt="newsstand.jpg" title="newsstand.jpg" width="252" height="187" /Bad news: it's better to get it
over with in one quick pull. So here's the latest in advertising:/p ul liDell a
href="http://adage.com/mediaworks/article?article_id=132955"canceled/a back cover ad deals with
business magazines emFortune/em and the emEconomist./em In total, Dell spent $52 million on
magazines last year.br //li li General Motors a
href="http://adage.com/article?article_id=132961"plans/a to cut its ad spending by $600 million by
2012.br //li liDepartment store Macy's recently a
href="http://adage.com/mediaworks/article?article_id=132955"canceled/a all its magazine advertising
for the first half of 2009.br //li /ul pSee? That wasn't so bad. (Want a lollypop?)/p pstrongSee
Also:/stronga href="../../2008/12/investors-force-time-out-to-sell-new-york-chicago-editions"br
/Investors Force Time Out Into Selling New York, Chicago Editions/a/p p /p pa
href="http://feedads.googleadservices.com/~at/_90IIRB3odSX0fwzqdWlQVW6V6U/a"img
src="http://feedads.googleadservices.com/~at/_90IIRB3odSX0fwzqdWlQVW6V6U/i" border="0"
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Air Liquide : cours action, informations société - Boursier.com -
1 days ago
Face à la suprématie des trois grandes agences de notation Standard Poor's
(McGraw-Hill), Moody's Investors Service et Fitch Ratings (Fimalac), la...img width='1' height='1'
src='http://rss.feedsportal.com/c/268/f/3632/s/27da3e6/mf.gif' border='0'/div class='mf-viral'table
border='0'trtd valign='middle'a href="http://res.feedsportal.com/viral/sendemail2_fr.html?title=US
/ Eco : la SEC veut mieux contrôler l'industrie des agences de
notationlink=http://www.boursier.com/dispatch/us-eco-la-sec-veut-mieux-controler-l-industrie-des-agences-de-notation-news-310531.htm"
target="_blank"img src="http://rss.feedsportal.com/images/partagez.gif" border="0" //a/tdtd
valign='middle'a href="http://res.feedsportal.com/viral/bookmark_fr.cfm?title=US / Eco : la SEC
veut mieux contrôler l'industrie des agences de
notationlink=http://www.boursier.com/dispatch/us-eco-la-sec-veut-mieux-controler-l-industrie-des-agences-de-notation-news-310531.htm"
target="_blank"img src="http://rss.feedsportal.com/images/bookmark.gif" border="0"
//a/td/tr/table/divbr/br/a
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src="http://da.feedsportal.com/r/25853531753/u/89/f/3632/c/268/s/41788390/a2.img" border="0"//a

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CNET News.com -
1 days ago
In a speech to investors, Windows business unit head Bill Veghte says there will be plenty to make
Windows 7 a major release.
|
CNET News.com -
1 days ago
In a speech to investors, Windows business unit head Bill Veghte says there will be plenty to make
Windows 7 a major release.
|
Engadget -
1 days and 1 hours ago

The soap opera of would-be Mac cloner Psystar was already full of shady twists and turns, but
there's a possibility Apple's legal team thinks there's some truth to a few of the wilder
conspiracy theories out there -- a paragraph tacked on to an amended version of the complaint filed
in California says that Apple believes people or corporations "other than Psystar are involved in
Psystar's unlawful and improper activities." That could mean just about anything, of course --
we've always thought Psystar was being a little too cocky, and no one's ever figured out
how a fledging company that couldn't even
hold on to a credit card processor could retain such a hotshot
law firm -- but chances are Apple's just covering its ass in case it wants to sue the major
investors of Psystar individually or even the OSx86 hackers that unwillingly
enabled the company's dubious business. Either way, with all of Psystar's antitrust
counterclaims dismissed and Apple adding new DMCA claims to its lawsuit, we've got a feeling
things are about to go boom in Florida pretty soon -- if machines really are
still shipping, this is probably your last chance to grab a piece of ( semi-functional)
history.
[Via Daring Fireball]
Filed under: Desktops
Apple amends Psystar complaint, says someone's behind the curtain originally appeared on
Engadget on Wed, 03 Dec 2008 11:42:00 EST. Please see our
terms for use of feeds.
Read | Permalink | Email
this | Comments

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Engadget -
1 days and 1 hours ago
div align="center"a href="http://www.groklaw.net/article.php?story=20081202230318899"img vspace="4"
hspace="4" border="0"
src="http://www.blogcdn.com/www.engadget.com/media/2008/07/7-16-08-apple-psystar.jpg" alt="" //abr
//div The soap opera of would-be Mac cloner Psystar was already full of shady twists and turns, but
there's a possibility Apple's legal team thinks there's some truth to a few of the wilder
conspiracy theories out there -- a paragraph tacked on to an amended version of the complaint filed
in California says that Apple believes people or corporations "other than Psystar are involved in
Psystar's unlawful and improper activities." That could mean just about anything, of course --
we've always thought Psystar was being a little emtoo/em cocky, and no one's ever figured out how a
fledging company that couldn't even a
href="http://www.engadget.com/2008/04/21/psystar-says-its-shipping-open-computers-anyone-get-a-tracking/"hold
on to a credit card processor/a could retain such a a
href="http://www.engadget.com/2008/08/14/psystar-says-it-is-definitely-still-shipping-its-mac-clones/"hotshot
law firm/a -- but chances are Apple's just covering its ass in case it wants to sue the major
investors of Psystar individually or even the OSx86 hackers that a
href="http://www.engadget.com/2008/04/16/osx86-project-not-too-happy-with-psystar-either/"unwillingly
enabled/a the company's dubious business. Either way, with all of Psystar's a
href="http://www.engadget.com/2008/11/18/psystars-antitrust-claims-against-apple-dismissed/"antitrust
counterclaims dismissed/a and Apple adding new DMCA claims to its lawsuit, we've got a feeling
things are about to go boom in Florida pretty soon -- if machines really are a
href="http://www.engadget.com/2008/10/28/psystar-slaps-apple-around-releases-mac-clones-with-blu-ray-g/"still
shipping/a, this is probably your last chance to grab a piece of (a
href="http://www.engadget.com/2008/04/30/psystar-open-computer-notes-benchmarks-and-video/"semi-functional/a)
history.br /br /[Via a href="http://daringfireball.net/linked/2008/12/03/psystar"Daring
Fireball/a]pFiled under: a href="http://www.engadget.com/category/desktops/" rel="tag"Desktops/a/pp
style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"a
href="http://www.engadget.com/2008/12/03/apple-amends-psystar-complaint-says-someones-behind-the-curtai/"Apple
amends Psystar complaint, says someone's behind the curtain/a originally appeared on a
href="http://www.engadget.com"Engadget/a on Wed, 03 Dec 2008 11:42:00 EST. Please see our a
href="http://www.weblogsinc.com/feed-terms/"terms for use of feeds/a./ph6 style="clear: both;
padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"/h6a
href=http://www.groklaw.net/article.php?story=20081202230318899Read/anbsp;|nbsp;a
href="http://www.engadget.com/2008/12/03/apple-amends-psystar-complaint-says-someones-behind-the-curtai/"
rel="bookmark" title="Permanent link to this entry"Permalink/anbsp;|nbsp;a
href="http://www.engadget.com/forward/1390132/" title="Send this entry to a friend via email"Email
this/anbsp;|nbsp;a
href="http://www.engadget.com/2008/12/03/apple-amends-psystar-complaint-says-someones-behind-the-curtai/#comments"
title="View reader comments on this entry"Comments/a pa
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Silicon Alley Insider -
1 days and 1 hours ago
pimg class="float_right" src="/~~/f?id=4936aad614b9b9c000f345f7maxX=305maxY=400" border="0"
alt="TimeOutJulia.jpg" title="TimeOutJulia.jpg" width="305" height="400" /Investors are forcing
emTime Out/em founder Tony Elliot to sell the New York and Chicago editions of the magazine. Time
Out New York's price tag is around $40 million./p p'We don't need to sell New York, this is
entirely driven by the investors,' Eliot told the UK's emTimes/em. "If somebody offers a sensible
sum of money - if somebody offers $10 million, it won't happen."/p pThe Times a
href="http://business.timesonline.co.uk/tol/business/industry_sectors/media/article5276000.ece"reports:/a/p
p style="padding-left: 30px;"The investors put in somewhere between $10 million and $30 million -
the figure has not been made public - to set up the New York title in 1995. Several attempts have
been made to find a new partner over the years and Mr Elliott has never been able to generate
enough profit to afford to buy them out himself./p p style="padding-left: 30px;"Also for sale is
emTime Out New York's/em share of the Chicago title, meaning that any buyer would take control of
the brand in the United States. The three New York shareholders own half that business, with Joe
Mansueto, the founder of investment research group Morningstar, owning the rest. The most recent
set of accounts for Time Out Group Ltd, the London-based holding company, show a loss of 465,000
before tax for the 11 months to December 2006, on turnover of 22.7 million. A note to the accounts
says that the share of losses in New York and Chicago amounted to 81,000 in that period./p
pstrongSee Also:/stronga href="../../2008/11/pc-magazine-goes-out-of-print"strongbr //strongPC
Magazine Goes Out Of Print/a/p pa
href="http://feedads.googleadservices.com/~at/4UsxIYxQANi7omdwlZyQr5ZlAEg/a"img
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paidContent.org -
1 days and 1 hours ago
pMs Angie's list of investors keeps on growing: a href="http://www.angieslist.com" title="Angie's
List"Angie's List/a, one of the original online review sites focused on local home-service
companies and contractors, has added another $7 million in debt financing, after it announced $18
million in venture debt just last month. The latest money has come from Chicago-based Prism
Mezzanine Fund, which invested $6 million in subordinated debt funding, as well as $1 million in
equity investment. And this on top of $35 million in funding it announced in April, from Battery
Ventures. This means, just this year, the Indianapolis-based company has raised $60 million, for a
total of around $73 million since it was founded. The list/service was founded in 1995, and says it
has 750,000 subscribers in all major cities in U.S. /p p The site tries to distinguish itself by
marrying local search, user-gen content and subscription-based services, which it makes available
only to its members. The site does not allow anonymous postings and service providers cannot add
themselves to the list, which is vetted by the site's editors. More a
href="http://www.insideindianabusiness.com/newsitem.asp?ID=32816" title="details in release"details
in release/a. br / /p pstrongRelated/strong/p ul class="related" lia
href="http://www.paidcontent.org/entry/419-angies-list-gets-18-million-in-venture-debt"
title="Local Listings Angie's List Gets Another Big One: $18 Million In Venture Debt"Local Listings
Angie's List Gets Another Big One: $18 Million In Venture Debt/a/li lia
href="http://www.paidcontent.org/entry/419-local-service-reviews-site-angies-list-raises-35-million-funding/"Local
Service Reviews Site Angie's List Raises $35 Million Funding/a/li /ul piCheck out the best business
jobs in digital media. a href="http://jobs.paidcontent.org/"Go here/a for paidContent.org Job
Board./i/p pa href="http://feeds.feedburner.com/~a/pcorg?a=dfGQoH"img
src="http://feeds.feedburner.com/~a/pcorg?i=dfGQoH" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=LZAQO"img
src="http://feeds.feedburner.com/~f/pcorg?i=LZAQO" border="0"/img/a a
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src="http://feeds.feedburner.com/~f/pcorg?i=IFMVO" border="0"/img/a a
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src="http://feeds.feedburner.com/~f/pcorg?i=SPIKO" border="0"/img/a a
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src="http://feeds.feedburner.com/~r/pcorg/~4/473741986" height="1" width="1"/

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Latest financial news - CNNMoney.com -
1 days and 1 hours ago
Stocks erased morning losses, turning higher near midday Wednesday as investors took in stride the
morning's abysmal economic news and looked to extend the previous session's rally.img
src="http://feedproxy.google.com/~r/rss/money_latest/~4/T-ST7UmZA0Q" height="1" width="1"/
|
FT.com - Europe homepage -
1 days and 3 hours ago
The beleaguered Australian infrastructure investor secured an 11th-hour reprieve after a syndicate
of 25 international banks agreed to extend it a A$150m emergency loan
|
Open"Source::critere -
1 days and 3 hours ago
- Object is a number : -12198 Object is an XSLT value tree : 2 TEXT content= Object is a number :
-12197 Object is an XSLT value tree : 2 TEXT content= Object is a number : -12196 Object is an XSLT
value tree : 2 TEXT content= Object is a number : -12195
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Les Echos - actualité sur les sociétés du cac 40 -
1 days and 4 hours ago
Download the attachment
- font face="Verdana, Arial, Helvetica, sans-serif" size="-1" Object is a number : -12198 Object is
an XSLT value tree : 2 TEXT content= Object is a number : -12197 Object is an XSLT value tree : 2
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is a number : -12191 Object is an XSLT value tree : 2 TEXT content= /font - p align=center A
HREF='http://realmedia.lesechos.fr/RealMedia/ads/click_nx.ads/www.rss.com/pub_rss/120081203@x01!x01'
TARGET='_blank' IMG
SRC='http://realmedia.lesechos.fr/RealMedia/ads/adstream_nx.ads/www.rss.com/pub_rss/120081203@x01!x01'
BORDER=0/a /pimg width='1' height='1'
src='http://rss.feedsportal.com/c/499/f/413866/s/27d61ae/mf.gif' border='0'/div
class='mf-viral'table border='0'trtd valign='middle'a
href="http://res.feedsportal.com/viral/sendemail2_fr.html?title=Des doutes avant l'« Investor
Day »link=http://www.lesechos.fr/info/conseils/investir_conseil_99706.htm?xtor=RSS-2062"
target="_blank"img src="http://rss.feedsportal.com/images/partagez.gif" border="0" //a/tdtd
valign='middle'a href="http://res.feedsportal.com/viral/bookmark_fr.cfm?title=Des doutes avant
l'« Investor Day
»link=http://www.lesechos.fr/info/conseils/investir_conseil_99706.htm?xtor=RSS-2062"
target="_blank"img src="http://rss.feedsportal.com/images/bookmark.gif" border="0"
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Latest financial news - CNNMoney.com -
1 days and 5 hours ago
Though the investment industry likes to remind prospective clients that, "past performance is no
promise of future results," history often is our best guide to where we're going next. It's also a
source of anxiety, especially when we consider periods that have been unkind to hopeful
investors.img src="http://feedproxy.google.com/~r/rss/money_latest/~4/IGCiYC2jsIY" height="1"
width="1"/
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paidContent.org -
1 days and 5 hours ago
pimg src="http://paidcontent.org/images/uploads/Time_Out_Tony_Elliot_thumb.jpg" alt="image"
align="right" width="100" height="99" /style="float:right;clear:right"img
src="http://paidcontent.org/images/uploads/time_out_logo_thumb.jpg" alt="image" align="right"
width="100" height="68" /style="float:right;clear:right"Time Out is selling its New York edition
for $40 million (£26.8 million) after its investors pushed for a return on their 13-year
investment—the magazine's founder Tony Elliot wants to hold on the mag but
can't afford to buy them out. He tells a
href="http://business.timesonline.co.uk/tol/business/industry_sectors/media/article5276000.ece"
title="Times Online"Times Online/a that a iTONY/i sale will take place for the right price, but "if
somebody offers $10 million, it won't happen". iTONY/i's investors ploughed in a good deal of
capital to set up the magazine in 1995—iThe Times/i puts it at between $10
million and $30 million—but Elliot has not found a way, or the money, to take
full control himself. And he's not happy about the move: iTONY/i sells twice as many copies as its
London counterpart and is firmly part of cultural life in Gotham. "bWe don't need to sell New York,
this is entirely driven by the investors,/b" he says. /p p And in this environment not many would
fancy holding an open auction, even for the relatively low price of $40 million for a big magazine
brand. Elliot owns the London edition but not Time Out's many international city editions, which
are published under licence by other publishers—yet Elliot idoes/i own one
third of the New York edition. Also on the auction block is TONY's stake in Time Out Chicago so
investors could walk away with both US Time Outs. The three New York shareholders own half of the
Chicago title and Joe Mansueto of Morningstar owns the rest. First round bids are expected this
week. /p p Read more at our sister site a
href="http://www.paidcontent.co.uk/entry/419-time-out-to-sell-new-york-chicago-editions-founder-not-happy/"
title="paidContent:UK"paidContent:UK/a. /p piSocial Media Deals Report: This 199-page report,
filled with charts and data, examines the categories, number and size of VC and MA deal in social
media from 2007 through 2008. stronga href="http://www.paidcontent.org/reports/"Visit the
ContentNext Reports page/a/strongi/p pa href="http://feeds.feedburner.com/~a/pcorg?a=hWNfHV"img
src="http://feeds.feedburner.com/~a/pcorg?i=hWNfHV" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=M5mfO"img
src="http://feeds.feedburner.com/~f/pcorg?i=M5mfO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=ByjiO"img
src="http://feeds.feedburner.com/~f/pcorg?i=ByjiO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=2YcHo"img
src="http://feeds.feedburner.com/~f/pcorg?i=2YcHo" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=5z7bO"img
src="http://feeds.feedburner.com/~f/pcorg?i=5z7bO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=GkshO"img
src="http://feeds.feedburner.com/~f/pcorg?i=GkshO" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/473569786" height="1" width="1"/

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Times Online:rss -
1 days and 5 hours ago
Resolution, Clive Cowdery's reinvented investment vehicle, is expecting a flurry of last-minute
interest in its landmark flotation that could mean it raises as much as £600 million ahead of
next week's listing.
|
InfoWorld: Top News -
1 days and 6 hours ago
div class="rxbodyfield"p page="1" class="ArticleBody"Nvidia officials on Tuesday reiterated the
company#39;s interest in the mini-laptop space but said it would wait for the market to mature
before jumping in./pp align="right"a
href="http://ad.doubleclick.net/jump/idg.us.info.rss/news;pos=imu;tile=6;sz=336x280;skey=patch_management;pkey=security;ord=123456789?"
target="_blank" /img
src="http://ad.doubleclick.net/ad/idg.us.info.rss/news;pos=imu;tile=6;sz=336x280;skey=patch_management;pkey=security;ord=123456789?"
width="336" height="280" border="0" alt="" align="right"//a/pp page="1" class="ArticleBody"Earlier
this year, the company made#160;a
href="http://www.infoworld.com/article/08/03/26/Nvidia-to-make-graphics-chipsets-for-Via-processors_1.html"a
deal with Via Technologies/a #160;to make graphics chipsets to work with Via#39;s Nano processors,
which are designed for laptops and mini-laptops. Mini-laptops, also called netbooks by Intel, are
inexpensive laptops with screens of 10 inches or less./pp page="1" class="ArticleBody"b[ For more
on products in the hot mini-notebook category, check out our hands-on looks at a
href="http://www.infoworld.com/article/08/07/03/Hands_on_with_Asuss_Eee_PC_901_and_1000_1.html?source=fssr"Asus#39;
Eee PC 901 and 1000/a and the a
href="http://www.infoworld.com/article/08/11/14/Hands_on_with_the_Asustek_N10_netbook_1.html"N10
netbook/a, the a
href="http://www.infoworld.com/article/08/07/02/Hands_on_with_the_Cloudbook_Max_netbook_1.html?source=fssr"Cloudbook
Max netbook/a, a
href="http://www.infoworld.com/article/08/06/30/Hands_on_with_Elitegroups_G10IL_minilaptop_1.html?source=fssr"Elitegroup#39;s
G10IL mini-laptop/a, a
href="http://www.infoworld.com/article/08/06/19/Hands_on_with_MSIs_Wind_lowcost_laptop_1.html?source=fssr"MSI#39;s
Wind low-cost laptop/a, a
href="http://www.infoworld.com/article/08/07/09/Hands_on_with_Gigabytes_M912X_minilaptop-IDGNS_1.html?source=fssr"Giga-byte#39;s
M912X mini-laptop/a, a
href="http://www.infoworld.com/article/08/08/07/Hands_on_with_HPs_MiniNote_netbook_1.html?source=fssr"HP#39;s
Mini-Note netbook/a and a
href="http://www.infoworld.com/article/08/07/14/Hands_on_with_Acers_Aspire_one_netbook_1.html?source=fssr"Acer#39;s
Aspire one/a. ]/b/pp page="1" class="ArticleBody"The netbook market is growing, and it could branch
out into product categories such as smartphones and multimedia netbooks that can handle graphics
effectively, said Marv Burkett, the company#39;s chief financial officer, on a webcast from the
Credit Suisse annual technology conference being held in Scottsdale, Arizona./pp page="1"
class="ArticleBody"quot;We#39;re not saying we#39;re not interested; it#39;s a matter of how the
market will evolve,quot; Burkett said./pp page="1" class="ArticleBody"Most netbooks today contain
Intel#39;s Atom processor and are not capable of handling video games or multimedia effectively,
said Michael Hara, vice president of investor relations at Nvidia. Netbooks offer good battery life
and are good for basic programs like Web applications, but they don#39;t have the graphics
capabilities to effectively play video games or video files, he said./pp page="1"
class="ArticleBody"Netbooks could have integrated graphics in the future to better handle graphics,
Hara said. Though they were tight-lipped about plans for the netbook space, Nvidia executives said
the company prefers to watch the market evolve before getting involved./pp page="1"
class="ArticleBody"The company#39;s most likely move in the netbook arena would be to provide
integrated chipsets with better graphics than most netbooks offer now. The graphics giant already
provides integrated chipsets for laptops and next year will ship the Tegra system-on-chip for
smartphones. Tegra puts an Arm processor core, a GeForce graphics core and other components,
including a high-definition video decoder, onto a single chip./pp page="1"
class="ArticleBody"Integrated chipsets is just one focus of the company as it tries to grow in
these tough economic times. Nvidia also is trying to push further into the supercomputing space
through its Tesla platform, which includes graphics processing units (GPUs) with 240 cores as well
as the CUDA (Compute Unified Device Architecture) programming architecture, a set of development
tools that allows programs to be executed on its graphics processors./pp page="1"
class="ArticleBody"The company is now developing Tesla-based quot;personal supercomputersquot; in
partnership with PC makers including Dell and Lenovo. It already offers such systems with Penguin
Computing and Velocity Micro. Nvidia claims the systems can process data as much as 250 times
faster than standard PCs, with 960 processing cores in four GPUs./pp page="1"
class="ArticleBody"#160;/p/divbr style=clear: both;/ a
href=http://www.pheedo.com/feeds/ht.php?t=camp;i=fed9af52d78f59cda5ab4db748f7bfd7amp;p=1img
style=border:0;
src=http://www.pheedo.com/feeds/ht.php?t=vamp;i=fed9af52d78f59cda5ab4db748f7bfd7amp;p=1 border=0
//a

|
Guardian Unlimited -
1 days and 7 hours ago
divimg alt=""
src="http://hits.guardian.co.uk/b/ss/guardiangu-feeds/1/H.15.1/32303?ns=guardianpageName=Business%3A+New+Star+debt+deal+could+see+Lloyds-HBOS+as+largest+shareholderch=Businessc3=guardian.co.ukc4=New+Star+Asset+Management+Group+%28Business%29%2CInvestment+funds%2CLloyds+TSB+%28Business%29%2CRoyal+Bank+of+Scotland+%28Business%29%2CHBOS+%28Business%29%2CBanks+and+building+societies%2CBanking+sector+%28Business%29%2CUK+news%2CMoneyc5=Personal+Finance%2CInvestments%2CNot+commercially+useful%2CBusiness+Marketsc6=Jill+Treanorc7=2008_12_03c8=1127986c9=articlec10=GUc11=Businessc12=New+Star+Asset+Managementc13=c14=h2=GU%2FBusiness%2FNew+Star+Asset+Management"
width="1" height="1" //divpThe combined Lloyds TSB/HBOS bank is expected to become the largest
single shareholder in troubled fund management group New Star under the terms of the a
href="http://www.guardian.co.uk/business/2008/dec/01/new-star-asset-management"debt-for-equity swap
currently being negotiated/a./ppWhile the talks between John Duffield, the founder and 4%
shareholder in New Star are continuing, it is thought that most of the main points have been
hammered out and a deal could be announced later today./ppDuffield will have to cede control of the
firm to the banks, led by HBOS, under the terms of the deal designed to relieve New Star of a
£240m debt burden./ppHBOS is the lead bank in a syndicate that includes Lloyds TSB, Royal
Bank of Scotland, HSBC and National Australia Bank and granted New Star the loan last year. This
indicates that the taxpayer, which owns 58% of RBS and an expected 45% of the combined Lloyds-HBOS,
will own a greater share of New Star than Duffield./ppNew Star's shares, floated at 225p three
years ago, had slipped slightly to 6.55p by 10am. /ppStock brokers Altium a
href="http://www.guardian.co.uk/business/2008/dec/03/new-star-hbos-banking-credit-crunch"yesterday
put a "token 1p" valuation on the shares of New Star/a amid the ongoing uncertainty about its
future that has led to concerns that investors are withdrawing savings from its funds./ppThe
debt-for-equity talks were announced by New Star in a stock exchange announcement on Monday in
which it said it had asked the UK Listing Authority to halt trading in its shares. However, the
shares fell almost 70% after the UKLA, part of the Financial Services Authority, refused the
request, which it argued had not been made formally before the announcement was made to the stock
exchange./ppThe terms of the debt-for-equity swap are thought to include a new incentive package
for the fund managers who have traditionally been paid low salaries but received large share
payouts instead. Those payouts are virtually worthless given the fall in the value of the company
which was worth £500m at its peak and now worth barely £20m./pdiv style="float: left;
margin-right: 10px; margin-bottom: 10px;"ullia
href="http://www.guardian.co.uk/business/newstarassetmanagementgroup"New Star Asset
Management/a/lilia href="http://www.guardian.co.uk/money/investmentfunds"Investment funds/a/lilia
href="http://www.guardian.co.uk/business/lloydstsbgroup"Lloyds TSB/a/lilia
href="http://www.guardian.co.uk/business/royalbankofscotlandgroup"Royal Bank of Scotland/a/lilia
href="http://www.guardian.co.uk/business/hbos"HBOS/a/lilia
href="http://www.guardian.co.uk/money/banks"Banks and building societies/a/lilia
href="http://www.guardian.co.uk/business/banking"UK banking sector/a/li/ul/diva
href="http://www.guardian.co.uk"guardian.co.uk/a copy; Guardian News Media Limited 2008 | Use of
this content is subject to our a
href="http://users.guardian.co.uk/help/article/0,,933909,00.html"Terms Conditions/a | a
href="http://www.guardian.co.uk/webfeeds/1,,1309488,00.html"More Feeds/a pa
href="http://feedads.googleadservices.com/~at/fghlvFTCqTJG-6K4BS-M8bICp8M/a"img
src="http://feedads.googleadservices.com/~at/fghlvFTCqTJG-6K4BS-M8bICp8M/i" border="0"
ismap="true"/img/a/p

|
GigaOM -
1 days and 11 hours ago
A few
months ago Sequoia Capital doused the ever ebullient Silicon Valley with a bucket of ice cold
reality when it laid “good times” to rest. Today, one of Sequoia’s all time
stars laid a big wreath on that grave in the pages of The Wall Street Journal. Google.
And while it didn’t implicitly state that it might face tough times next year, comments by
its CEO amount to a proverbial bear call which could mean bad news now only for Google but also
for rest of the media and advertising sector.
“We have to behave as though we don’t know what’s going to
happen,” Google Chief Executive Eric Schmidt told the Wall Street Journal. It
seems like a prudent move. But I see it as a big red flag and I think Schmidt is preparing us for
what could be a terrible 2009. The WSJ says that Google executives have been preparing for slower
growth for a year but “the economic crisis is forcing them to step up their efforts.”
According to conventional wisdom (and investors) Google is the best positioned company to survive
and perhaps thrive in the current advertising slump. If the leader of the pack is feigning
ignorance about its chances, what can one say about mere mortals.
I find it hard to believe that a company that keeps world famous economist like Hal Varian (who
muses on economy and Google’s prospects often on the investor calls), doesn’t know.
As a company Google collects enough data on a daily basis that it can take a fair pulse of the
broader economy. Remember, they could accurately track the spread of flu across America just
based on searches, so why can’t the track the economic-sentiment? Additionally it sells ads
to everyone from mom-and-pop shops to consumer durable giants and it has a fair idea on the
degree of tightness people are holding their billfolds. They have enough intellectual horsepower
on campus to put two-and-two together.
Beyond Schmidt’s statement, one has to look at their other moves such as plans to slash
10,000 or so of their contractors, slowing cap-ex investments and
killing off projects. These point to tough times for the company that has lived a lush life so
far.
Projects that are too pie-in-the-sky are going to be killed. Schmidt calls it the “dark
matter.” Google
Lively and Google SearchMash are two of the many
projects, which will soon not matter. Google is contemplating killing of Google Notebook and
Google Audio Indexing as well. Google Page Creator has given way to Google Sites. In that vein,
Google is going to prune overlapping products. No more the 20-percent time for pet projects for
engineers, though it might come back once the economic wheel churns. These are smart and prudent
moves even if they are prompted by desperate need to control costs and meet their numbers.
I know it might sound hokey but rich don’t stop driving their Aston Martins just because
the price of gas is going up. They do so when they are not as rich! The same analogy holds for
Google and its cost cutting efforts. Just remember how much of PR they milked out of their
20-percent philosophy. They are essentially eating a cow-pie on that. They wouldn’t be
doing this unless things are really really and REALLY tough.
Google needs to keep its sales machine going at a time when it is facing the same
malaise as that of broader market – slowing spending on marketing and
advertising. There is some argument that Google is going to win because of their
performance-based advertising system.
While that is true to some extent but what happens when the economy goes into a deep freeze? If
you don’t have money to splurge on a large screen Plasma TV, there is little chance you are
going to search for that, and fewer the opportunities for Google to sell more ads against those
searches. Of course, if there is no intent to buy amongst the searchers, then there is less
inclination to click on those ads as well. And that is not good news for Google.
Google, of course is going to try and meet its targets by taking more out of the pocket of its
“adsense” partners and undercutting competitors. WSJ points out that the company
is focusing heavily on display, mobile and other ad-opportunities, which can only mean bad news
for their rivals.
Related: Why Silicon
Valley Should be Worried


|
paidContent.org -
1 days and 13 hours ago
pWebsite analytics firm a href="http://www.iperceptions.com/" title="iPerceptions"iPerceptions/a
has secured $3.65 million in a round of funding. Montreal-based VC firm Telesystem Ltd and private
investor Skuli Mogensen provided the financing, which iPerceptions will use to continue to expand
internationally and roll out a new version of its 4Q Website survey product. The NY-based company
also has offices in Toronto, Montreal and London, and counts clients like InterContinental Hotels,
GM and LG Electronics (SEO: 066570) in its roster. a
href="http://iperceptions.com/en/news/iperceptions-secures-365-million-in-funding"
title="Release"Release/a. /p piSocial Media Deals Report: This 199-page report, filled with charts
and data, examines the categories, number and size of VC and MA deal in social media from 2007
through 2008. stronga href="http://www.paidcontent.org/reports/"Visit the ContentNext Reports
page/a/strongi/p pa href="http://feeds.feedburner.com/~a/pcorg?a=dBhWuD"img
src="http://feeds.feedburner.com/~a/pcorg?i=dBhWuD" border="0"/img/a/pdiv class="feedflare" a
href="http://feeds.feedburner.com/~f/pcorg?a=aqq0O"img
src="http://feeds.feedburner.com/~f/pcorg?i=aqq0O" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=FGRYO"img
src="http://feeds.feedburner.com/~f/pcorg?i=FGRYO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=AKJRo"img
src="http://feeds.feedburner.com/~f/pcorg?i=AKJRo" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=XMFFO"img
src="http://feeds.feedburner.com/~f/pcorg?i=XMFFO" border="0"/img/a a
href="http://feeds.feedburner.com/~f/pcorg?a=OGXmO"img
src="http://feeds.feedburner.com/~f/pcorg?i=OGXmO" border="0"/img/a /divimg
src="http://feeds.feedburner.com/~r/pcorg/~4/473211388" height="1" width="1"/

|
Silicon Alley Insider -
1 days and 14 hours ago
pimg class="float_right" src="/~~/f?id=48ecd44f14b9b9e400542ac2maxX=216maxY=370" border="0"
alt="blackberry-storm-vzw.jpg" title="blackberry-storm-vzw.jpg" width="216" height="370" /Good news
and bad news from BlackBerry maker Research In Motion: Way after hours at 9:35 p.m., the company a
href="http://biz.yahoo.com/iw/081202/0457377.html"announced/a that it blew its third quarter. But
RIM (RIMM) says "exceptional" response to | |