Sprint Ups Its Offer For Outstanding Clearwire Shares To Around $2.5B
More developments in the Sprint acquisition foodchain saga. As expected, Sprint is upping its offer for outstanding Clearwire shares to $3.40 per share, working out to an offer of about $2.5 billion. This comes after originally making an offer of $2.2 billion, based on $2.97 per share.
China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS
China is investing $810 million into the development of Beidou (BDS), the navigation satellite system that it is positioning as a rival to the U.S.-developed GPS. According to China Daily, the money will be used to build an industrial park that will house 30 to 50 companies focused on developing an ecosystem for Beidou. Based in Tianjin, the industrial park is expected to welcome its first 20 companies in June. The Chinese government not only wants Beidou to eventually dominate China’s $19.2 billion navigation service sector, but also sees it as a way to make China’s military less dependent on foreign technology. This would protect the country if the U.S. decided to deny it access to GPS and also potentially give it a strategic advantage. As DefensePolicy.Org writes, “Aside from the commercial applications of Beidou, the placement of an independent global navigation system would give China a considerable strategic military advantage in the event hostilities should break out in the ...
Facebook Q1 Earnings Beats With $1.46B In Revenue, Up 38%, But Misses With Flat EPS Of $0.12 Non-GAAP
Facebook has just posted its earnings for the quarter that ended March 31, 2013. Facebook hit $1.46B in revenue up 38% from Q1 2012, beating the street. However, earnings per shared missed estimates, staying flat at $0.12. While revenue only grew slightly, the amount of its 1.11 billion monthly users that returned daily, 665 million, was slightly better than last quarter. Analysts were expecting earnings per share of $0.13, on sales of $1.44 billion. Facebook reported earnings of $1.06 billion for the same quarter a year ago. Last quarter, Facebook posted earnings of $1.59 billion, a rise of 40% year-over-year. Last quarter the company had 1.1 billion monthly users, 618 million daily users, and 680 mobile monthly million, up 57 percent year-over-year. In the lead-up to today’s earnings, there were a lot of expectations about how Facebook would perform performing around some key metrics. User numbers. As noted in the WSJ, one area where Facebook will be scrutinized will be in its proportion ...
Placed Insights Debuts, Bringing ComScore-Like Analytics & Ratings To The Physical World
Madrona-backed location analytics startup Placed is today launching Placed Insights, a ratings service for real world locations which has been in development over the past two years. The system is designed to bring a web analytic-like offering to offline locations, or as CEO David Shim puts it: “what Nielsen has done for TV, and comScore has done for offline, Placed has accomplished for the physical world,” as he explains. Like the above firms he references, Placed Insights also measures activity using data from panelists who have agreed to share their location on their mobile phones. The system works in apps which request access to users’ location data. Though, arguably some users may not read or understand permissions dialog boxes, at the end of the day, it’s on users to protect their location privacy. Placed is not being dishonest to acquire this data. Today, the service measures over 70 million locations daily from more than 70,000 panelists, and this data then allows retailers, ...
http://feedproxy.google.com/~r/Techcrunch/~3/5eknXFcbjNY/ http://techcrunch.com/2013/04/28/808091/#comments Mon, 29 Apr 2013 05:54:12 +0000 Catherine Shu TC huawei Ren Zhengfei http://techcrunch.com/?p=808091 An internal email written by Huawei founder Ren Zheng-fei and obtained by Sina Tech (link via Google Translate) sheds light on the secretive Chinese firm's future. In it, Ren downplays his company's reputation for opacity, which has fueled charges that Huawei, the world's second largest mak
An internal email written by Huawei founder Ren Zheng-fei and obtained by Sina Tech (link via Google Translate) sheds light on the secretive Chinese firm's future. In it, Ren downplays his company's reputation for opacity, which has fueled charges that Huawei, the world's second largest maker of telecom equipment, is involved in espionage for the Chinese government. Ren, who is 68 and rumored to be near retirement, also insisted that he will not hand over Huawei's reins to a family member despite reports to the contrary.