Feeds:
Posts
Comments

Posts Tagged ‘Finance’

Arne Sorenson, Marriott’s chief financial officer, guest-blogs for Bill Marriott, Chairman & CEO of Marriott International, reflecting on the Economy and Marriott’s Prospects for 2009.

Audio Podcast:

“With the slowdown, our stock value has eroded meaningfully in the past year. Just because we have plenty of company doesn’t make the decline any easier. Before things get better, we’re going to have to navigate through a tough 2009… Despite this, and even though the U.S. has been in a recession since December 2007, we have much to be thankful for. First and foremost, we have a terrific management team, beginning with Bill Marriott, who has been through significant downturns before and has noted that each time we’ve come back stronger…Our business strategy of managing and franchising hotels protects us in slowdowns and primes us for better days. Marriott is a remarkably resilient cash flow generator, even when business slows. Our balance sheet is in good shape and we have access to cash through our revolving line of credit, which has over a billion dollars remaining available. Because of our excellent financial shape, the revolver, as it is called, is free of many of the complex restrictions companies can often experience. In fact, with our solid cash flow and more modest investment spending in 2009, we expect our debt levels will decline next year…”

Marriott People, Places and Purpose:

Continue reading at http://www.blogs.marriott.com/default.asp?item=2298372

Read Full Post »

Brightcove Inc., the leading global Internet TV platform, announced the formation of a majority-owned Japanese subsidiary, Brightcove KK. The new subsidiary is backed by $4.9 million in new investment from Brightcove Inc. and four market-leading Japanese strategic partners: Dentsu, Inc., J-Stream, Inc., transcosmos, Inc. (transcosmos), and Cyber Communications, Inc. (CCI). Three of the investment partners, Dentsu, J-Stream, and CCI, along with Brightcove Inc., will be sales agents for Brightcove KK in Japan, giving Brightcove KK immediate and powerful access to the Japanese market.

Headquartered in Tokyo, Japan, Brightcove KK will operate a localized version of Brightcove’s award-winning, on-demand Internet TV platform, which is currently used by media companies and marketers across North America and Europe. With Brightcove KK, Japanese media companies and marketers will gain access to the most powerful and scalable software as a service (SaaS) solution available for online video players, distribution, and advertising.

“Brightcove enters the Japanese market at a time when household broadband penetration has surpassed 50 percent, presenting enormous opportunities for media companies and advertisers to build online businesses and engage audiences,” said Jeremy Allaire, chairman and chief executive officer, Brightcove. “It is a great privilege to be partnering with the market leaders in Japan for digital media and advertising. By combining the proven Brightcove technology with the capabilities of our partners, Brightcove KK will give media companies and marketers in Japan a unique solution for implementing their online video strategies and unlocking the potential in the market.”

The Brightcove KK partners represent the market leaders in Japan in digital media, advertising, and content delivery.

  • Dentsu, Inc. is the largest advertising company in Japan with a market share of approximately 30 percent and has over 6,000 clients Groupwide.
  • J-Stream, Inc. is Japan’s largest content delivery network specializing in streaming media for content providers and business corporations.
  • transcosmos is Japan’s leading information processing outsourcing company adopting the latest Internet technology through the strategic investment and business development.
  • CCI is Japan’s largest interactive adverting company that currently has more than 30 percent of the country’s digital brand marketing, a popular advertising serving technology, and online advertising network.

These companies bring tremendous reach into the media and marketing sectors in Japan, and will help ensure the success of Brightcove KK in the Japanese market.

Read Full Post »

The French Trade Office in San Francisco has announced the beginning of the French Tech Tour (FTT). The week long mission will introduce 11 French technology startups to the movers and shakers of Silicon Valley. The 11 finalists were selected from over 24 applicants by 9 supporting companies including AT&T, Cisco, Ebay, Google, HP, Intel Microsoft, Sun Microsystems, and Symantec. Backed by UBIFRANCE, the FTT focuses on bridging the gap between Silicon Valley and Paris. The week of workshops and one-on-one interviews will also include a mini-conference on May 21st called Valley Talk: Make It or Break It where both French and U.S. startups will learn strategies for business success.

In its second year, the FTT has quickly gained recognition in both the U.S. and France. Referred to as the home of some of the best high tech clusters in Europe, French companies continue to raise the technology bar for their U.S. counterparts. Participation in this tour furthers the collaboration between the two countries. This year’s startup companies include:

Bobex – a leading B2B e-marketplace, active in 6 countries, makes markets more transparent by matching local buyers and suppliers for non strategic products & services.

Exaprotect – a provider of regulatory and audit compliance log monitoring, event management for threat detection, and change management to allow business policy based network configuration change.

DELCREA – the inspirer in resolving the challenges of email from both diagnostic to efficiency solutions for individuals to large companies. Their software brings an innovative approach to control, organize and secure email faster and easier while reducing time building knowledge bases from existing content, and eliminating all risk of compromising internal and external business sensitive data.

myERP.com – a complete web-based ERP solution using Google technology (GWT & Google Apps) and covering all functional fields of company management around a single database: CRM, Commercial Management, Logistics, Points of sale, Finance & Accounting, Purchases, Production, Quality.

Maeglin – a mobile phone software company specialized in peer-to-peer exchanges. At Maeglin, we free people’s mobile, with Pleex a Mobile social networking software that allows content back up & sharing.

Momindum – the technology leader in the creation of rich media presentation. Our software generates, from recorded speech, professional presentations using synchronized documents and indexed video; our rich media are capitalized in a base with deep-tagging technology.

Newscape Technology – the top innovator in software graphical engines on mobile devices to enable the development of new applications using massive 2D / 3D vector data, textures, Content / Advertising and topography.

Sinequa – a search specialist created with the vision that corporate information is complex, heterogeneous and poorly organized. Sinequa has built a corporate search solution that can access to all sources and applications, managing security, using linguistic and semantic algorithms to add context to information and to offer intuitive navigation combined with efficient search.

STG Interactive – has invented a way for everybody on the planet to create their own secure and user-friendly mini-site, called a “frogans,” located on the Internet via its frogans address. STG Interactive provides developers and Internet users with free standard technology for authoring and browsing frogans, and is the directory provider of frogans addresses.

TellMeWhere – the first local search engine where relevancy of results are guided by recommendations of people you can choose and where content can be enriched and corrected by end-users, provides a better alternative to current local search engines or directories.

Twinsoft – an actor in Enterprise Mashups whose flagship product, Convertigo Enterprise Mashup Server helps companies reuse their existing assets to build new and exciting WEB 2.0 composite applications for a fraction of the cost and time needed to complete software rewrites or traditional development.

Each company will hold one-on-one meetings with supporting companies’ corporate development teams, as well as interviews with media, training for presenting and demoing at conferences in the U.S. and introductions with some of the valley’s fast-growing startups.

The Valley Talk mini-conference will host keynote speaker Eric Benhamou CEO of Benhamou Global Ventures, Chairman of 3Com and former CEO of Palm. The show will include an in-depth talk with leading editor’s and analyst from CNET, Fortune, GuideWire Group and VentureBeat. Along with demonstrations from each company the event will conclude with a panel of leading executive in business development from sponsoring companies outlining what they are looking for in partnerships as well as potential acquisitions.

“Our goal is to build deeper relationships between the tech communities here in Silicon Valley and in France,” said Aymeril Hoang, Director, Information & Communications Technology, Embassy of France in the U.S. Trade Office. “By bridging this gap we can open the door to new opportunities for both countries. It’s as much about introducing Silicon Valley to the technology leadership in France as vice versa. Hopefully we are fostering and growing the big companies and partnerships of the future.”

Read Full Post »

Carl Icahn today announced that the following letter was delivered today to Yahoo! with the attached biographies of his ten nominees for the Yahoo! board.

Carl C. IcahnSECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY Carl C. Icahn AND HIS AFFILIATES FROM THE STOCKHOLDERS OF YAHOO! INC. FOR USE AT ITS ANNUAL MEETING, WHEN AND IF THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN ANY SUCH PROXY SOLICITATION. WHEN AND IF COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF YAHOO! INC. AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV. INFORMATION RELATING TO THE POTENTIAL PARTICIPANTS IN A POTENTIAL PROXY SOLICITATION IS CONTAINED IN EXHIBIT 1 TO THE SCHEDULE 14A BEING FILED TODAY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Carl C. Icahn
ICAHN CAPITAL LP
767 Fifth Avenue, 47th Floor
New York, NY 10153

May 15, 2008
Roy Bostock
Chairman
Yahoo! Inc.
701 First Avenue
Sunnyvale, CA 94089

Dear Mr. Bostock:

It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft’s bid of $33 per share is a superior alternative to Yahoo’s prospects on a standalone basis. I am perplexed by the board’s actions. It is irresponsible to hide behind management’s more than overly optimistic financial forecasts. It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo’s closing price of $19.18 on the day before the initial Microsoft offer. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet.

During the past week, a number of shareholders have asked me to lead a proxy fight to attempt to remove the current board and to establish a new board which would attempt to negotiate a successful merger with Microsoft, something that in my opinion the current board has completely botched. I believe that a combination between Microsoft and Yahoo is by far the most sensible path for both companies. I have therefore taken the following actions: (1) during the last 10 days, I have purchased approximately 59 million shares and share-equivalents of Yahoo; (2) I have formed a 10-person slate which will stand for election against the current board; and (3) I have sought antitrust clearance from the Federal Trade Commission to acquire up to approximately $2.5 billion worth of Yahoo stock. The biographies of the members of our slate are attached to this letter. A more formal notification is being delivered today to Yahoo under separate cover.

While it is my understanding that you do not intend to enter into any transaction that would impede a Microsoft-Yahoo merger, I am concerned that in several recent press releases you stated that you intend to pursue certain “strategic alternatives”. I therefore hope and trust that if there is any question that these “strategic alternatives” might in any way impede a future Microsoft merger you will at the very least allow shareholders to opine on them before embarking on such a transaction.

I sincerely hope you heed the wishes of your shareholders and move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary.

Sincerely yours,
CARL C. ICAHN

SLATE BIOGRAPHIES

  • Lucian A. Bebchuk

Lucian A. BebchukLucian Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Bebchuk is also a Research Associate of the National Bureau of Economic Research and Inaugural Fellow of the European Corporate Governance Network. Trained in both law and economics, Bebchuk holds an LL.M. and S.J.D. from Harvard Law School and an M.A. and Ph.D in Economics from the Harvard Economics Department. He joined the Harvard Law School faculty in 1986 as an assistant professor, becoming a full professor in 1988, and the Friedman Professor of Law, Economics and Finance in 1998. Bebchuk has written extensively on corporate governance, corporate control, and corporate transactions. He has published more than seventy research articles in academic journals in law, economics, and finance. Upon electing him to membership in 2000, the American Academy of Arts and Sciences cited him as “[o]ne of the nation’s leading scholars of law and economics,” who “has made major contribution to the study of corporate control, governance, and insolvency.” He is the 2007-2008 President of the American Law and Economics Association, and a former chair of the Business Association Section of the American Association of Law Teachers. Bebchuk’s recent writings include Pay without Performance: the Unfulfilled Promise of Executive Compensation (Harvard University Press, 2004, co-authored with Jesse Fried), “The Case for Increasing Shareholder Power” (Harvard Law Review, 2005), “The Costs of Entrenched Boards” (Journal of Financial Economics, 2005, co-authored with Alma Cohen), and “The Myth of the Shareholder Franchise” (Virginia Law Review, 2007). Bebchuk has been a frequent contributor to policy making and public discourse in the corporate governance area. He has appeared before the Senate Finance Committee, the House Committee of Financial Services, and the SEC. He has published many op-ed pieces, including in the Wall Street Journal, the New York Times, and the Financial Times. He was included in the list of “100 most influential people in finance” of Treasury & Risk Management and the list of “100 most influential players in corporate governance” of Directorship magazine.

  • Frank J. Biondi, Jr.

Frank J. Biondi, Jr.Since March 1999, Mr. Biondi has served as Senior Managing Director of WaterView Advisors LLC, an investment advisor organization. From April 1996 to November 1998, Mr. Biondi served as Chairman and Chief Executive Officer of Universal Studios, Inc. From July 1987 to January 1996, Mr. Biondi served as President and Chief Executive Officer of Viacom, Inc. Mr. Biondi is a director of Amgen Inc., Cablevision Systems Corp., Hasbro, Inc., The Bank of New York Mellon Corporation and Seagate Technology. Mr. Biondi is a graduate of Princeton University and earned a Masters of Business Administration from Harvard University.

  • John H. Chapple

John Chapple is President of Hawkeye Investments LLC, a privately-owned equity firm investing primarily in telecommunications and real estate ventures frequently working in conjunction with Rally Capital LLC. Prior to forming Hawkeye, John Chapple worked to organize Nextel Partners, a provider of digital wireless services in mid-size and smaller markets throughout the U.S. He became the President, Chief Executive Officer and Chairman of the Board of Nextel Partners and its subsidiaries in August of 1998. Nextel Partners went public in February 2000 and was traded on the NASDAQ Exchange. In June 2006, the company was purchased by Sprint Communications. From 1995 to 1997, Mr. Chapple was the President and Chief Operating Officer for Orca Bay Sports and Entertainment in Vancouver, B.C. During Mr. Chapple’s tenure, Orca Bay owned and operated Vancouver’s National Basketball Association and National Hockey League sports franchises in addition to the General Motors Place sports arena and retail interests. From 1988 to 1995, he served as Executive Vice President of Operations for McCaw Cellular Communications and subsequently AT&T Wireless Services following the merger of those companies. From 1978 to 1983, he served on the senior management team of Rogers Cablesystems before moving to American Cablesystems as Senior Vice President of Operations from 1983 to 1988. Mr. Chapple, a graduate of Syracuse University and Harvard University’s Advanced Management Program, has 26 years of experience in the cable television and wireless communications industries. Mr. Chapple is the past Chairman of Cellular One Group and CTIA-The Wireless Association, past Vice-Chairman of the Cellular Telecommunications Industry Association and has been on the Board of Governors of the NHL and NBA. Mr. Chapple serves on the Syracuse University Board of Trustees currently as Chairman and the Advisory Board for the Maxwell School of Syracuse University. He is also on the Board of Directors of Cbeyond, Inc., a publicly traded Atlanta-based integrated service telephony company; Seamobile Enterprises, a privately held company providing integrated wireless services at sea; Telesphere, a privately held VOIP (voice over internet protocol) company based in Phoenix, Arizona; and on the advisory boards of Diamond Castle Holdings, LLC, a private equity firm based in New York City and the Daniel J. Evans School of Public Affairs at University of Washington.

  • Mark Cuban

Since early 2000, Mr. Cuban has been the majority and controlling owner of the National Basketball Association franchise, the Dallas Mavericks. In 2001, Mr. Cuban co-founded HDNet, an all high-definition television network on DIRECTV that broadcasts high-definition sports, movies and other entertainment. Prior to his purchase of the Dallas Mavericks, Mr. Cuban co-founded Broadcast.com in 1995 and served as its Chairman of the Board until it was sold to Yahoo! in July of 1999. Before Broadcast.com, Mr. Cuban co-founded MicroSolutions, a national systems integrator, in 1983, which was later sold to CompuServe Corporation in 1990. Mr. Cuban is an active investor in cutting- edge technologies and various industries, including the entertainment industry.

  • Adam Dell

Since January 2000, Mr. Dell has served as the Managing General Partner of Impact Venture Partners, a venture capital firm focused on information technology investments. He also serves as Managing Director at Steelpoint Capital Partners, a private equity firm with offices in New York and California. From October 1998 to January 2000, Mr. Dell was a Senior Associate and subsequently a Partner with Crosspoint Venture Partners in Northern California. From July 1997 to August 1998, he was a Senior Associate with Enterprise Partners in Southern California. From January 1996 to June 1997 Mr. Dell was associated with the law firm of Winstead Sechrest & Minick, in Austin, Texas, where he practiced corporate law. Mr. Dell’s investments include: Buzzsaw (which was acquired by Autodesk), HotJobs (which was acquired by Yahoo!) and Connectify (which was acquired by Kana Software). Mr. Dell has been a director of XO Holdings, Inc., a telecommunications services provider, since February 2006, and of its predecessor from January 2003 to February 2006. In addition, Mr. Dell currently serves on the boards of directors of the Santa Fe Institute, MessageOne and OpenTable. He also teaches a course at the Columbia Business School on business, technology and innovation and is a contributing columnist to the technology publication, Business 2.0. Mr. Dell received a J.D. from University of Texas and a B.A. from Tulane University.

  • Carl C. Icahn

Mr. Icahn has served as chairman of the board and a director of Starfire Holding Corporation, a privately-held holding company, and chairman of the board and a director of various subsidiaries of Starfire, since 1984. Since August 2007, through his position as Chief Executive Officer of Icahn Capital LP, a wholly owned subsidiary of Icahn Enterprises L.P., and certain related entities, Mr. Icahn’s principal occupation is managing private investment funds, including Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II L.P. and Icahn Partners Master Fund III L.P. Prior to August 2007, Mr. Icahn conducted this occupation through his entities CCI Onshore Corp. and CCI Offshore Corp since September 2004. Since November 1990, Mr. Icahn has been chairman of the board of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises L.P. Icahn Enterprises L.P. is a diversified holding company engaged in a variety of businesses, including investment management, metals, real estate and home fashion. Mr. Icahn was chairman of the board and president of Icahn & Co., Inc., a registered broker- dealer and a member of the National Association of Securities Dealers, from 1968 to 2005. Mr. Icahn has served as chairman of the board and as a director of American Railcar Industries, Inc., a company that is primarily engaged in the business of manufacturing covered hopper and tank railcars, since 1994. From October 1998 through May 2004, Mr. Icahn was the president and a director of Stratosphere Corporation, the owner and operator of the Stratosphere Hotel and Casino in Las Vegas, which, until February 2008, was a subsidiary of Icahn Enterprises L.P. From September 2000 to February 2007, Mr. Icahn served as the chairman of the board of GB Holdings, Inc., which owned an interest in Atlantic Coast Holdings, Inc., the owner and operator of The Sands casino in Atlantic City until November 2006. Mr. Icahn has been chairman of the board and a director of XO Holdings, Inc., a telecommunications services provider, since February 2006, and of its predecessor from January 2003 to February 2006. Mr. Icahn has served as a Director of Cadus Corporation, a company engaged in the ownership and licensing of yeast-based drug discovery technologies since July 1993. In May 2005, Mr. Icahn became a director of Blockbuster Inc., a provider of in-home movie rental and game entertainment. In October 2005, Mr. Icahn became a director of WestPoint International, Inc., a manufacturer of bed and bath home fashion products. In September 2006, Mr. Icahn became a director of ImClone Systems Incorporated, a biopharmaceutical company, and since October 2006 has been the chairman of the board of ImClone. In August 2007, Mr. Icahn became a director of WCI Communities, Inc., a homebuilding company, and since September 2007 has been the chairman of the board of WCI. In December 2007, Mr. Icahn became a director of Federal-Mogul Corporation, a supplier of automotive products, and since January 2008 has been the chairman of the board of Federal-Mogul. In April 2008, Mr. Icahn became a director of Motricity, Inc., a privately-held company that provides mobile content services and solutions. Mr. Icahn received his B.A. from Princeton University.

  • Keith A. Meister

Since March 2006, Keith Meister has served as Principal Executive Officer and Vice Chairman of the Board of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises L.P., a diversified holding company engaged in a variety of businesses, including investment management, metals, real estate and home fashion. Since November 2004, Mr. Meister has been a Managing Director of Icahn Capital LP, the entity through which Carl C. Icahn manages third party private investment funds. Since June 2002, Mr. Meister has served as senior investment analyst of High River Limited Partnership, an entity primarily engaged in the business of holding and investing in securities. Mr. Meister also serves on the boards of directors of the following companies: XO Holdings, Inc., a telecommunications company; WCI Communities, Inc., a homebuilding company; Federal-Mogul Corporation, a supplier of automotive products; and Motorola, Inc., a mobile communications company. With respect to each company mentioned above, Carl C. Icahn, directly or indirectly, either (i) controls such company or (ii) has an interest in such company through the ownership of securities. Mr. Meister received an A.B. in government, cum laude, from Harvard College in 1995.

  • Edward H. Meyer

Mr. Meyer serves as Chairman, Chief Executive Officer and Chief Investment Officer of Ocean Road Advisors, Inc., an investment management company. From 1970 to 2006, he served as Chairman, Chief Executive Officer and President of Grey Global Group, Inc., a multi-billion dollar global advertising and marketing agency. Mr. Meyer serves as a Director of Harman International Industries, Inc., Ethan Allen Interiors, Inc., National CineMedia, Inc. and NRDC Acquisition Corp. Mr. Meyer holds a B.A. in Economics from Cornell University.

  • Brian S. Posner

Brian S. Posner is a private investor. From 2005 through March 2008, he served as Chief Executive Officer and co-Chief Investment Officer of ClearBridge Advisors LLC (and its predecessor company, CAM North America), an asset management company based in New York with approximately $90 billion in assets and a wholly owned subsidiary of Legg Mason Inc. Prior to ClearBridge Advisors, he was a co-Founder and the Managing Partner of Hygrove Partners LLC, a hedge fund company that was formed in 2000. Prior to ClearBridge Advisors and Hygrove Partners, he served as a Portfolio Manager and an Analyst, first at Fidelity Investments from 1987 to 1996 and then at Warburg Pincus Asset Management/Credit Suisse Asset Management from 1997 to 1999. At Warburg Pincus Asset Management/Credit Suisse Asset Management he was a Managing Director and served as the Senior Investment Manager of the Value Equity Group, co-Portfolio Manager of the Warburg Pincus Growth & Income Fund, and Portfolio Manager of the Warburg Pincus Institutional Value Fund and the Warburg Pincus Trust, Growth and Income Fund. Prior to the acquisition of Warburg Pincus Asset Management (“WPAM”) by Credit Suisse Asset Management in July 1999, he was co-Chief Investment Officer, Director of Research, Chairman of the Global Asset Allocation Committee, and a member of the Executive Operating Committee at WPAM. At Fidelity Investments, he was the Portfolio Manager of the Fidelity Equity Income II Fund from 1992 to 1996 and the Fidelity Value Fund from 1990 to 1992. He also managed the Select Life Insurance, Select Property Casualty Insurance and Select Energy Portfolios. From 1987 to 1990, he was an Oil, Insurance, and Financial Services Analyst. From August 2000 to April 2003 he served on the Board of Directors for Sotheby’s Holdings, Inc. He currently a member of the Board of Trustees at Northwestern University and the Board of Visitors for the Weinberg College of Arts and Sciences at Northwestern University. Mr. Posner received his undergraduate degree in history from Northwestern University in 1983 and his M.B.A. in finance from the University of Chicago Graduate School of Business in 1987.

  • Robert K. Shaye

Robert Shaye is Co-Chairman and Co-CEO of New Line Cinema. As the Founder of New Line Cinema and a filmmaker himself, Robert Shaye has spent more than 40 years developing and distributing films that reflect a wide array of cultural movements, creating new paradigms for the motion picture business, and most importantly, entertaining millions of moviegoers. Since he founded New Line in 1967, Shaye has guided the company’s growth from a privately-held art film distributor to one of the entertainment industry’s leading independent studios and a veritable box office force. He has been involved in such films as The Lord of the Rings trilogy, Rush Hour, Austin Powers and Seven. A University of Michigan graduate with a degree in business administration and a J.D. degree from Columbia University Law School, Shaye is also a Fulbright Scholar, member of the New York State Bar, and serves on the Board of Trustees of the Motion Picture Pioneers, and the American Film Institute.

Read Full Post »

Yahoo! India, a leading global Internet company, today announced the launch of a new concept for Yahoo! India Search called Glue Pages Beta, available exclusively at www.yahoo.in. This new search experience collates and integrates the most relevant information from across the Web onto a single ‘visual’ search results page. Glue Pages Beta, which aggregates text, images, and video content, is available for select search terms across categories such as health, sports, entertainment, travel, technology, and finance.

Designed to save time by offering a new way to find answers quickly, Glue Pages Beta is ideal for topics with broad coverage across a variety of information sources. For example, a search for ‘diabetes’ combines results from HowStuffWorks, Yahoo! Groups, Yahoo! Health, Yahoo! Answers, and blogs. A search for ‘Aishwarya Rai’ would include biographical quick-facts, videos, music tracks, photos, and content from Yahoo! Answers.

Results will be displayed alongside classic Yahoo! India Search results. Consumers will also find links for other Glue Pages on topics related to their query.

Gopal Krishna, Head of Audience, Yahoo! India.

“Searching on Glue Pages Beta will result in an experience that promises more than just web links. Users will receive more relevant, visually appealing search results from across the Web in one topical page. The new Glue Pages Beta feature for Yahoo! India Search supports our strategy to make Yahoo! the leading starting point on the Internet and demonstrates our commitment to provide a compelling online search experience,” said Gopal Krishna, Head of Audience, Yahoo! India.

“Glue Pages Beta limits guesswork for the user by providing the best of web, all onto one ‘at-a-glance’ page. Over time, Glue Pages Beta will be made available to more categories that are relevant to users in India. We are excited to open this up further and work with a wider ecosystem of consumers, publishers, developers and advertisers in the future,” said Sandeep Shrivastava, Director Search, Yahoo! India.

Yahoo! Glue Pages Beta.

With a focus on providing a compelling and intuitive online search experience, the new Glue Pages Beta helps enable users in India to derive maximum value from their search efforts. As this beta evolves, Yahoo! India Search will explore various ways to supplement algorithmically generated Glue Pages with topical pages built and maintained by local subject-matter experts from the Internet community.

Key benefits of Glue Pages Beta

  • Collates and integrates the best information from across the Web onto a single topical page.
  • Uses intuitive search technology to identify the most relevant combination of text, images and video content for select popular search queries, alongside classic Yahoo! India Search results.
  • Saves time and helps eliminate guess work involved in clicking on multiple web links.
  • Initially available across categories like health, sports, entertainment, travel, technology and finance.

What are Glue Pages?
Glue Pages unite your Classic Search Results with visual information from the best sites anywhere on the Web.

Glue Pages unite your Classic Search Results with visual information from the best sites anywhere on the Web.

How are they different?
In one click, browse through images, videos, articles, and more all on one page! With Glue Pages, you spend more time learning and less time searching.

In one click, browse through images, videos, articles, and more all on one page! With Glue Pages, you spend more time learning and less time searching.

What are Related Pages?
These are Glue Pages that we think you might be interested in based on the topic of your search. Example:

These are Glue Pages that we think you might be interested in based on the topic of your search.

Read Full Post »

Mother’s Day, Father’s Day, and college and high school graduations are right around the corner. If mom, dad or grads in the family unwrap a new Verizon Wireless phone this spring, there’s a simple solution for what to do with the old wireless phone: recycle it with Verizon Wireless’ HopeLine(R) program and help make a difference for the environment and domestic violence victims.

Verizon Wireless' National Recycling Program, Verizon Wireless HopeLine, Phone Collection.HopeLine, Verizon Wireless’ exclusive phone recycling and reuse program, accepts wireless phones and accessories in any condition from any manufacturer or service provider at any of the company’s Communications Stores nationwide. Phones are refurbished for reuse, or recycled in an environmentally sound way. Proceeds from the HopeLine program benefit survivors of domestic violence and non-profit advocacy agencies, providing essential communication tools through wireless phones and services and financial grants.

Verizon Wireless has HopeLine collection bins at all store locations where customers can drop off their no-longer-used phones. Customers can also send their old wireless phones and accessories to:

Verizon Wireless HopeLine
c/o ReCellular Inc.
2555 Bishop Circle W.
Dexter, MI 48130

Verizon Wireless HopeLine Logo.Since the October 2001 launch of Verizon Wireless’ national recycling program, the company has collected more than 4.5 million no-longer-used wireless phones and accessories, and provided nearly $5 million in cash donations to local domestic violence agencies nationwide. In addition, HopeLine has donated more than 60,000 wireless phones and 180 million minutes of wireless service to agencies across the country for use with clients.

For more information about Verizon Wireless and the HopeLine program, visit http://www.verizonwireless.com/hopeline.

About Verizon Wireless

Verizon Wireless Logo.Verizon Wireless operates the nation’s most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

Read Full Post »

Nick O’Neill, at The Social Times ran a story on May 1 titled, MySpace Begins Charging for Application Promotion.

Short extract:

MySpace-Application-Promotion.Developers then realized a loop-hole to this model… Over the past couple days, MySpace launched a new page which includes a “featured” section… Developers began inquiring with MySpace about why only Slide applications were showing up there. The result? At least one developer I’ve spoken with found out that MySpace is in fact charging for those apps to be “featured.”… My sources have been pitched to at between $50,000 and $100,000 for one week as a featured application on the MySpace applications page…. it also means there could be trouble for a lot of smaller application developers…You’ll have to pay MySpace if you want to do that in the short-run and will have choose between using MySpace and other ad networks in the space in the long-run.

Since it was well researched, TechSadhu scarcely doubted the transparency of the article.

In an official statement to TechSadhu, MySpace confirmed the said strategy with substantial explanation.

Edited excerpt:

MySpace Application LogoYes, we’re an ad based site and… we have advertising – this is how we pay for cool initiatives like the developer platform. We also are currently running an “editors picks” program where we reserve some ad space for editorial in Featured Apps – they’re not all paid spots… The app gallery main page was designed to accommodate a wide variety of advertisers – everyone from the brand-driven… to the small / mid tier… who are very performance focused… to the space we have reserved for the editors picks.  Having advertising doesn’t mean we’re limiting developers from building rich and engaging apps.

Here are some points, backing the logical approach:

MySpace Platform Monetization Points

1. ADVERTISING PROGRAMS

  • MySpace Logo.MySpace is an ad supported site, and is focused on balancing revenue and relevancy across all of its business units – including the developer platform.
  • It is common practice for application developers to buy advertising through networks on our platform or other platforms or through Google ad words to promote their applications.
  • Featured Apps in the application gallery are a combination of editorial and paid placement. They are based on sponsorship and sometimes based on editor’s picks (what we think are cool apps).

2. PLATFORM DEMOCRATIZATION

  • By us having advertising on the application gallery, it in no way means MySpace will limit the functionality for developers to build rich and engaging applications.
  • Everyone from Mumbai to Moscow to Michigan can develop on MySpace; whether you’re 18 or 118.
  • All developers are subject to the OpenSocial standards.

Read Full Post »

Older Posts »