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Trending Tech: eBook market, acquisitions and IPO

May 4, 2012

Microsoft investing in Barnes & Noble’s Nook platform and Target’s announcement that it will stop carrying the Amazon Kindle will no doubt impact the ebook market. In acquisition news, IBM purchased Tealeaf Technology, LinkedIn acquired SlideShare and Cisco purchased Truviso.

10. Yelp down 8.5% even after strong first public quarter
Yelp posted its first quarterly report as a public company revealing a net loss of $9.8million. The review site went international expanding to 11 new markets including Sydney and Stockholm. The company is spending more on sales and marketing to widen its user base amidst competition from Facebook and Google.

9. Micron apparent winner in bidding for Japan’s Elpida
U.S based Micron Technology is the likely winner of the bidding for the bankrupt Japan-based memory chip maker Elpida. Reportedly, Micron offered $2.5 billion and pledged to keep the company’s primary plant in Hiroshima operating. Micron technology and South Korean chipmaker SK Hynix were among a handful of chipmaker funds to have shown interest in Elpida.

8. RIM shares hit 8-year low as BlackBerry 10 underwhelms
RIM’s shares plummeted hitting an eight-year low on Thursday. Shares reportedly fell 15 percent in the past three days after the company unveiled a prototype BlackBerry with new features and software. The new Blackberry 10 failed to impress analysts who believe that it is doubtful the new smartphone can reverse RIM’s fall from grace.

7. Cisco to buy network data analysis software maker Truviso
Cisco has agreed to acquire real-time network data analysis and reporting software maker, Truviso Inc. The acquisition will help users hone operational efficiencies. Truviso will join Cisco’s team to provide access and visibility into network use.

6. LinkedIn agrees to buy SlideShare, beats on earnings
LinkedIn agreed to buy the professional content-sharing site, SlideShare for $118.75 million on Thursday. The acquisition will be finalized at the end of second quarter and will include 45 percent cash and about 55 percent stock. The largest professional social networking site reported first-quarter sales topped analysts’ estimates and is now expanding with SlideShare under its belt. LinkedIn has made five acquisitions in the past two years.

5. IBM to buy Tealeaf Technology
Big Blue is expanding its “smarter commerce” initiative by adding yet another analytics-software company to its portfolio. IBM acquired Tealeaf Technology, a provider of consumer analytics software, for an undisclosed sum. IBM’s smarter commerce is focused on online analytics and automation to help companies tap into consumer behavior and trends and is reported that the software alone has a market value of $20 billion. Big Blue has invested $3 billion in building out its smarter commerce product groups.

4. German court backs Motorola injunction against Microsoft
Motorola Mobility Inc. won a patent ruling allowing it to ban Microsoft from selling Windows 7, Internet Explorer and Media Player and Xbox gaming systems in Germany. The case prompted Microsoft to move its European logistics center from Germany to the Netherlands. The suit is part of the global patent litigation as companies seek a greater share of smartphone and handheld device sales.

3. Target to stop selling Kindle
Reportedly, Target will stop selling Amazon Kindle due to its growing irritation with rival, Amazon. Target has been trying to stop Amazon customers from visiting Target stores to check out the products only to buy them online from Amazon. Irked by Amazon’s ‘showrooming’, Target will discontinue carrying Kindle.

2. Facebook to set IPO price range after market close
Facebook has been preparing for its first Initial Public Offering (IPO) scheduled to be held for the 18th of May. Reportedly, the social networking giant is expected to set the estimated price range for its IPO at nearly $80 billion or more. The pricing puts Facebook on tract to become the most valuable U.S web company at the time of an IPO exceeding Google’s $23 billion in 2004.

1. Microsoft hooks onto Nook
Earlier this week, Microsoft announced a $605 million investment over five years in Barnes & Noble’s business unit. As part of the deal, Microsoft will have a 17.6 percent stake in Barnes & Noble subsidiary which will include the ebook division and Barnes & Noble’s college bookstores unit. The deal will help Microsoft break into the ebooks market and give Barnes & Noble a global reach for the Nook platform through a Windows 8 app.

Disclosure:  Microsoft, Amazon and Motorola are Weber Shandwick clients.