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Articles tagged with: capitalism

Indian-based Search Engine Raises $10 Million

An Indian-based search engine called Just Dial has just raised $10 million in funding from SAP Ventures and Sequoia Capital. The company was started in 1996 in Mumbai and allows consumers to search for local business through the Internet, phone, WAP, and through text messages.

Using the service, consumers are able to discover new restaurants, retail outlets, or search for plumbers or exterminators. It’s basically an easier-to-use form of the YellowPages in the United States. The service is now used by 57 million unique users spread over 250 Indian towns and cities.

RIAA President Makes $3M Per Year

The RIAA is an organization that is completely against file sharing and p2p (peer to peer) music networks that allowed users to illegally download music. So these protect the rights of musicians in the stop of music piracy, ain’t that great? Oh, I forgot to mention that the RIAA’s President made $3.2 million dollars in 2009. From an expose on P2Pnet, President Cary Sherman was awarded a 240% increase in his 1.3 million salary from 2008. You would think that $1.3 million was more than enough, but apparently it wasn’t.

I certainly wish we were talking about some banking executive but we are talking about the head of an organization that seeks to prevent millions of dollars of lost damages from musicians pockets, and here is a guy raking in $3.2 million a year, and who knows if he’ll raise himself to $5 million next year?

ARM Seeks Defenses Against Intel’s New Chips

ARM is expected to ramp up its efforts to keep up with Intel’s new chip making process that will enter the portable device market. ARM’s executive VP of Marketing, Ian Drew said, “The ARM ecosystem innovates along multiple points, not only the process but also through micro‐architecture and system‐on‐chip design that enables optimized efficiency for a broad range of products.” In the meanwhile, Intel is expected to produce processors that are much more efficient through its new Tri-Gate process technology.

LiquidSpace Raises 3.6M In First Round Of Funding

LiquidSpace has just announced that it has raised 3.6 million dollars in its first round of funding. LiquidSpace offers a mobile application that allows mobile workers connect with workspaces. The app is aimed at both workers who do not have an office and those who have one but enjoy spending a lot of time away from it. Many employees can be as productive at a coffeeshop as they can at their actual desk.

Nokia Cuts 7,000 Jobs Due To Bad Quarter

Nokia has been through a lot of waves recently, and today the world knows the outcome. Nokia has announced today it will cut 7,000 jobs as a “result of its Microsoft Windows Phone agreement” and outsourcing Symbian handset software. This represents 12% of the company’s handset employees and will likely save Nokia $1.5 billion dollars.

Nokia’s CEO, Stephen Elop noted that the competitive environment has changed rapidly, implying that Nokia must change with it in order to be successful. The cuts include 4,000 layoffs and 3,000 job shifts to Accenture.

If AT&T Merger Goes Thru: T-Mobile 4G Will Be Demolished

AT&T is playing a clever game of words in efforts to have its T-Mobile acquisition pass the FCC. AT&T is promising that T-Mobile customers will get to keep their low rates and existing phones. Doesn’t that sound great? Well, don’t get too excited yet. AT&T plans on demolishing T-Mobile’s blazing fast 4G coverage and creating their own technology that will be incompatible with current T-Mobile phones *and* plans for that matter.

AT&T is hoping that the FCC will not catch this technicality, to ensure a smooth acquisition of T-Mobile. If the deal does go through, we will have two very large wireless carriers (AT&T and Verizon) and little ol’ Sprint tagging along.

Facebook and Amex Team Up For Small Business Contest

Small business owners looking to gain foot in the social world, listen to this, a new partnership between American Express and Facebook has resulted in a large sweepstakes contest. From today up until May 20th, small business owners in the United States can enter in the Facebook Big Break for Small Business.

The grand prize will include winning $20,000 cash, free one-on-one consulting about their current use of Facebook and win a two-day advertising and marketing boot camp at Facebook’s headquarters in Palo Alto, CA. If this prize didn’t already sound appealing,

Angelpad Selects Top 2% Of Startups

Angelpad is a mentorship program that was founded by a group of ex-Google executives, and they held their second demonstration on Tuesday for start-ups to pitch to investors in San Francisco. Currently, there are thirteen companies that range widely, but mobile was a large percentage of the group. These thirteen companies were hand selected out of a total of 800 applications, drawing some rather impressive statistics, falling within the top 2% of total applicants.

One of the co-founders of Angelpad advised companies to first get the company going before focusing on raising “big venture dollars.” While he believes it is fine to…

Dell Slams Apple On Their iPad

Dell’s head of marketing, Andy Lark, has come forth to say that the Apple iPad will not succeed in the long term. He notes that although the device has been selling well, and is number one in the tablet sector, “those are just the results of the short term.” He said he was glad that Apple has built up enthusiasm and has created a market for tablets but he doesn’t see their strategies panning out, mentioning Apple’s hardware as “high price and proprietary.”

He believes that the successor will be due large in part to…

Sprint Still Furious Over AT&T Acquisition

CEO of Sprint, Dan Hesse took a stand against AT&T’s recent merge with T-Mobile. Sprint, along with many other people feel that this recent merging will undo three decades of actions by the United States government that modernized and sparked wireless competition. If the deal is approved, which it would likely be, AT&T will be three times the size of Sprint. Sprint is urging the U.S. government to block this acquisition.

SVP of Government Affairs, Vonya McCann said