financial position

financial position

Nokia Says It's Financially Strong Despite Downgrade

online.wsj.com
Finnish handset maker Nokia responded to a downgrade of its credit rating by Moody's, saying its financial position remains strong....
Nokia Says It's Financially Strong Despite Downgrade

LTE iPhone Could Bring Sprint "To Its Knees"

allthingsd.com
Sprint has made a big bet on the iPhone. And if it manages to pull it off, building out a competitive 4G network in time for the launch of the LTE version of the device later this year, it could do well by it. But if it doesn’t? Then things...
LTE iPhone Could Bring Sprint "To Its Knees"

Erply Raises $2.15 Million Series B Led By Redpoint For iPad-Oriented Retail Software Tech

techcrunch.com
Erply, the startup that makes iPad-oriented and cloud-based point of sale and inventory management software for retailers, has raised $2.15 million in new funding, co-founder CEO Kristian Hiiemaa tells TechCrunch. The round, which is Erply’s Series B, was led by Redpoint Ventures with the participation of Index Ventures and Dave...
Erply Raises $2.15 Million Series B Led By Redpoint For iPad-Oriented Retail Software Tech

MPAA Budget Slashed In Half, Are They Dying?

torrentfreak.com
Last week the RIAA’s latest tax filing revealed that the music group has lost nearly half of its revenue because the music labels reduced their membership dues. This downward trend is not limited to the music business – the MPAA isn’t doing any better financially either. The most recent IRS...
MPAA Budget Slashed In Half, Are They Dying?
With cash reserves dwindling, Nokia looks to raise $1 billion from bonds

Barnes & Noble chairman offers to buy struggling bookseller - can it be saved?

www.guardian.co.uk
Company's weakening financial situation has made it vulnerable to takeovers as bookseller reckons with faltering ebook ventureBarnes & Noble was once the Goliath of the book-selling business. Now, next to Apple and Amazon, its falling sales and plan to close 20 stores a year makes it look more like a...
Barnes & Noble chairman offers to buy struggling bookseller - can it be saved?

HTC patents a dual-screen slider phone that you likely won't see

www.engadget.com
While HTC is certainly willing to accommodate multiple screen sizes and form factors with its phones, we suspect that some of its explorations won't go beyond the lab. If you'd like an example, see the company's newly obtained patent for a dual-screen slider design. Oh, it's clever: the mechanism...
HTC patents a dual-screen slider phone that you likely won't see

Nokia offers convertible bonds to raise $979 million, looks to boost liquidity and reduce debt

thenextweb.com
Constantly seeking to improve its financial position, struggling Finnish smartphone maker Nokia announced today that it is to offer senior convertible bonds due in 2017 to a number of international investors as it seeks to raise €750 million ($979 million) to better manage its capital structure, address debt and improve...
Nokia offers convertible bonds to raise $979 million, looks to boost liquidity and reduce debt

Clearwire Spikes on Prospects After Sprint-SoftBank Deal

allthingsd.com
SoftBank’s massive investment in Sprint doesn’t include any provisions related to Clearwire, the wireless-broadband provider that is 49 percent owned by the carrier. But Wall Street is behaving as if it did. Clearwire shares spiked more than 20 percent Monday after SoftBank said it will take a 70 percent stake...
Clearwire Spikes on Prospects After Sprint-SoftBank Deal

Kim Dotcom Wins Release of $4.83m, Some Lawyers Set To Get Paid

torrentfreak.com
Back in January, U.S., New Zealand and Hong Kong authorities closed down Dotcom’s companies and seized pretty much everything he owned, leaving him to embark on what first appeared to be an impossible mission. Fighting an international legal battle against two sets of governments is a huge undertaking, but for...
Kim Dotcom Wins Release of $4.83m, Some Lawyers Set To Get Paid

Oracle Beats Expectations In Q2 With $9.1B Revenue, $0.64 Non-GAAP EPS; Ellison Calls Sun Deal 'Most Strategic And Profitable'

techcrunch.com
Enterprise technology giant Oracle this afternoon announced solid financial results for the second quarter of its fiscal 2013, which ended on November 30th. Oracle said it earned $9.1 billion in revenue during the second quarter, an increase quarter-over-quarter from its first quarter 2013 revenue of $8.2 billion and also up...
Oracle Beats Expectations In Q2 With $9.1B Revenue, $0.64 Non-GAAP EPS; Ellison Calls Sun Deal 'Most Strategic And Profitable'

LivingSocial CEO responds to Amazon earnings: We're not in as bad of shape as you might think

www.geekwire.com
Amazon.com reported a third quarter loss of $274 million on Thursday, with the online retailer tossing some of the blame on its investment in the daily deals site LivingSocial. According to Amazon, more than half of its losses for the quarter, roughly $169 million, were tied to the Groupon rival....
LivingSocial CEO responds to Amazon earnings: We're not in as bad of shape as you might think
Nokia looks for a $1 billion cash infusion from new bonds issue

Here's How Yahoo Shareholders Got Smacked With A $2.7 Billion Surprise Lawsuit In Mexico (YHOO)

www.businessinsider.com
There's one big, lingering question over the $2.7 billion judgment against Yahoo in a lawsuit it lost in Mexico: Why was there no warning to shareholders? There's a simple answer, according to Compliance Week: While regulators are concerned about this kind of surprise loss, they haven't yet come up with...
Here's How Yahoo Shareholders Got Smacked With A $2.7 Billion Surprise Lawsuit In Mexico (YHOO)

Fitch Downgrades Nokia

online.wsj.com
Fitch Ratings cut Nokia Corp.'s long-term credit rating to junk status amid growing concerns over the Finnish handset maker's financial position, marking the second downgrade in as many weeks....
Fitch Downgrades Nokia
Former Apple CEO Sculley encourages Apple to make a cheaper iPhone
Whoa: Struggling ShoeDazzle is now cash flow positive. Brian Lee may actually pull this off
Kayak's IPO finally takes off with shares priced at $22 to $25

Sprint Faces Cap On Clearwire Deal From SoftBank While Investors Look For More

techcrunch.com
Sprint’s attempted purchase of Clearwire may have hit a snag, according to a new report from Reuters. Sprint reportedly has a hard cap on how much it can offer to buy out the beleaguered Clearwire, set by SoftBank, which is purchasing a majority stake in Sprint for around $20 billion. Clearwire shareholders, however, reportedly...
Sprint Faces Cap On Clearwire Deal From SoftBank While Investors Look For More

Samsung: HTC may have settled with Apple, but we don't intend to at all

thenextweb.com
Korean electronics giant Samsung has ruled out treading a similar path to HTC in regards to patent peace with Apple, with the company’s mobile chief Shin Jong-kyun reiterating to local media that the company has no intention of negotiating with its smartphone rival. Yonhap News reports that Shin, who also noted that he expected...
Samsung: HTC may have settled with Apple, but we don't intend to at all

Groupon's £39 flight tickets cost me £200

www.guardian.co.uk
Groupon sold me £39 tickets - but they ended up costing me more than booking direct with the airlineI bought four flight tickets from Groupon for £39 each. They were sold as tokens to fly to one of 25 European destinations, excluding taxes. However, it turned out that they merely...
Groupon's £39 flight tickets cost me £200

HTC's Financial Woes Put Pressure On Microsoft & Facebook

readwrite.com
Once-vaunted smartphone maker HTC is scraping the bottom of the barrel. On Monday it posted its sixth straight quarter of declining revenues and barely made an operating profit in the first quarter of 2013. While it may be time to officially place HTC on the ReadWrite Deathwatch list, the biggest...
HTC's Financial Woes Put Pressure On Microsoft & Facebook

Tesla's Elon Musk says he's broke

www.autoblog.com
Filed under: TeslaDiving into an extremely competitive and capital-intensive business in which customers generally don't appreciate having access to beta products is not a good way to enhance your personal fortune. In fact, if Elon Musk is being honest in the latest court filings related to his divorce proceedings, it...
Tesla's Elon Musk says he's broke

Myriad Eyes Up Synchronica, Says Messaging Co Can't Make Its Nokia Payments

paidcontent.org
Some fallout from the various asset offloads we have seen from Nokia (NYSE: NOK) in the last year: Synchronica, which bought Nokia’s messaging business for $25 million in June 2011, has itself become a takeover target—apparently because it will not be able to make payments on money still owed...
Myriad Eyes Up Synchronica, Says Messaging Co Can't Make Its Nokia Payments

Microsoft to pay $1 billion for rights to entire AOL patent portfolio

arstechnica.com
Microsoft has agreed to pay AOL $1.056 billion to acquire 800 patents and gain licenses to the rest of the patents AOL will continue to own after the pending sale. It leaked out a few weeks ago that the struggling AOL was looking to shore up its financial position...
Microsoft to pay $1 billion for rights to entire AOL patent portfolio

App.net adds private messaging API with support for chatrooms, group texting and more

thenextweb.com
The realtime web communication platform App.net has launched its latest addition to the developer API: a private messaging API. The new API has a host of features including both chatroom and IM-style messaging, group texting and more. The API is available to all developers now, and ADN has ginned up...
App.net adds private messaging API with support for chatrooms, group texting and more

Game Group shares suspended

www.guardian.co.uk
Game over? Fears for future of retailer after its shares were suspended on the London Stock Exchange and it admitted the business has no valueFears for the future of retailer Game have intensified after its shares were suspended and it admitted the business has no value.The company, which operates 1,300...
Game Group shares suspended

HTC March Revenue Rises, But Still Down 50% Compared To 2012

thenextweb.com
As usual around this time, smartphone and tablet maker HTC released its monthly consolidated revenue numbers for the month before. At first look, they don’t look too bad, but don’t be fooled. The Taiwanese company reports sales in March 2013 of NT$15,88 billion (roughly $530 million). Compared to the month...
HTC March Revenue Rises, But Still Down 50% Compared To 2012

BlackBerry CEO Hints Research In Motion May Be Up For Sale

www.readwriteweb.com
Research In Motion is a company in transition. It is going from a global powerhouse smartphone maker to a struggling equipment manufacturer with too much company bloat, an aging operating system and declining user base. In a letter to investors today, CEO Thorsten Heins acknowledged that RIM had contacted bankers...
BlackBerry CEO Hints Research In Motion May Be Up For Sale

Kodak Sues Apple. Again.

allthingsd.com
Kodak is suing Apple again — but this time it’s not for patent infringement, it’s for undermining Kodak’s efforts to sell off the very patents it’s asserting against Apple. In a lawsuit filed late Monday in U.S. bankruptcy court in Manhattan, Kodak accused Apple of attemping to “delay and derail”...
Kodak Sues Apple. Again.
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