Items tagged with money

Japan's Sony Corporation crawled up out of the puddle of reddish ink it was dog-paddling in last year and posted a substantial profit for the last quarter. The quarterly profit news allowed Sony to raise its forecast for the year by six times last year's number. The number is based mainly on strength in LCD TVs, computers, and digital cameras; and of course there were no flaming laptop battery recalls this year to eat away at the bottom line. But Sony is still unable to make any money selling its flagship Playstation 3 gaming console and Blu-ray player.  ...its PlayStation 3 (PS3) videogame console continued to lag Nintendo Co Ltd's hot-selling Wii, and the game division fell deep into the... Read more...
Stop me if you've heard this one before: Tech visionaries have made a lot of money, and they'd like to spend it on vaguely Star Trek sounding things of doubtful utility until they run of cash.  It's Internet 2.0 silly season; in space, this time. In announcing the Google Lunar X Prize on Sept. 13, Google co-founders Larry Page and Sergey Brin joined a growing brigade of tech luminaries who have put their Web wealth to work in an area where they've little expertise: trying to transform space travel from a largely government affair to a civilian, profitable business. Like the $10 million Ansari X Prize, the Google Lunar X Prize provides incentive for the emerging... Read more...
Sony announced four new models of Blu-ray disc recorder/players today. The new models have big capacity -- up to 16 hours of hi-def programming on 50 GB discs. The most expensive model has a 500GB hard drive, to boot, but you'll pay for it -- $1752. Note to Sony: the room I watch movies in didn't cost that much to build.  "With high-definition TVs spreading rapidly and more digital cameras and camcorders are becoming HD-ready, time is ripe for household recorders to move onto a next generation," Sony Executive Deputy President Katsumi Ihara told a news conference. "We intend to make all our recorders in the domestic market Blu-ray compatible," he said.... Read more...
If you're running Intuit's popular QuickBooks Online Edition, the US Computer Emergency Readiness Team is warning you that your ActiveX controls might be stabbing you in the back,at least if you visit a malicious webpage. Computer Emergency Readiness Team? That's what CERT stand for? Are they like code ninjas? Does someone project an html signal onto a cloud at night to summon them? Never mind. Fix your ActiveX controls.  The vulnerabilities, rated “highly critical” by Secunia, can be exploited by a remote, unauthenticated attacker to execute arbitrary code on a vulnerable system. “By convincing a user to view a specially crafted HTML document (e.g., a web page or an HTML... Read more...
In a report that has a certain odor of "duh" about it, Electronic Entertainment Design and Research tells us that video games that have an online capability are much more profitable than those that don't. They examine 219 retail titles for the Xbox, the Playstation3, and the Wii, and see who's making what when their users go online --or don't. "Developers who are not embracing online opportunities to a greater level are leaving money on the table," said Geoffrey Zatkin, president and chief operating officer of San Diego-based Electronic Entertainment Design and Research. Games that use some degree of multiplayer capability also tend to make nearly 25 percent... Read more...
I'm beginning to think all of the world's industry is geared solely to part parents from their money by amusing their children. Now toy makers are getting wise to the fact that even very young children will spend lots of time online if you give them something soft and fuzzy to clutch while they're doing it. That's why toymaker Ganz won the Specialty Toy of the Year award for 2007 for their Webkinz stuffed toy/online game combo. "Kids are on the internet at a younger and younger age," said Ganz communications director Susan McVeigh. "They are comfortable in an online environment, more so than their parents. It just feels natural to them." Webkinz kick-started a trend in... Read more...
It's a charming idea: Why not have municipal Wi-Fi in your town or city, just like municipal water?  Well, a lot of municipalities are giving it a go --424 according to  industry cheerleader Esme Vos of MuniWireless LLC--and they're discovering that it's expensive, and it doesn't work very well.  Some municipal officials whose cities are launching Wi-Fi projects said they remain buoyant about the prospects for success. They added that they see political and economic concerns as being more important than possible technology roadblocks, although that’s partly because their projects are still in the early stages. But Michael Merrill, a selectman in Brookline, Mass., noted that creating a... Read more...
We hardware fanbois at HotHardware always keep a close eye on the horserace between Intel and AMD. But you know who's making real money in the chip world? Analog chipmakers: Research firm iSuppli forecasts a 10.1% jump in analog chip sales this year, to $47.5 billion. ISuppli analyst Gary Grandbois says that analog sales growth will start to slow later this year, and then slow to 9% growth in 2008 and to 4.9% in 2009, before rebounding in 2010. He says the slowdown is part of the usual chip cycle. That's not the case now for many analog firms. Analog Devices, for one, has been on the fast-growth track lately. Nintendo chose one of its chips for its new Wii game console... Read more...
Apple's newest advertising strategy alleges that Macs are superior to PCs, in that they'll save users money. The company claims that Mac's aren't only cheap, but that they're also good for business because they are easy to use and are not prone to viruses. Apple has also proven its value as a company, as some analysts expect its stocks to have double by 2010. Ironically, only a few years ago some experts predicted the company's failure. The recent money conscious shift in Apple's advertising strategy is not only meant to increase sales, but also to change the way that the public perceives the company. There's been a distinct sea change in the way people think about... Read more...
Why would you want the telephone company to replace your copper wires with fiber-optic service? Duh. "It's insanely better," he said. "I downloaded Microsoft SQL Server Service Pack 1, a 252MB file, in two minutes, 30 seconds. It's to the point where the speed of your throughput is gated by the speed of the remote server, rather than your local interface." For $40 per month more than he had been paying for a 6Mbit/sec. cable modem connection, he became an early user of an FTTH service from Verizon Communications Inc. called FiOS, with 30Mbit/sec. downstream and 5Mbit/sec. upstream. Instead of a pair of copper wires connecting his house to the... Read more...
Dubbed "Dynamic Weapon System" by Valve, Counter-Strike: Source's economy has been changed. For better or worse, the new system changes the prices of weapons based on their popularity. Think you'll still be getting that DEagle during pistol round? Think again.... Read more...
If you're reading HH, you're obviously part of group of some the smartest people on-line, so why not take those collective smarts and snag some big VC money for your next business venture? Just check out this article on CNN Money and you'll know just what some of the richest folks in the world want to throw their money at... "Asking venture capitalists for great startup ideas is a little like asking Curt Schilling what pitch he's going to throw next. When we posed the question to dozens of VCs and investors around the country, more than a few indignantly shot back, "Are you out of your mind?" But after some friendly prodding from our reporters, a surprising number of them couldn't... Read more...
Daniel Gross at Slate.com has an interesting look at the rush by big, established internet companies and others to buy social networking sites - for big money.  Me, I still can't get used to typing the words "Big, established internet companies" without thinking of Pets.com or Duke Nukem vaporware: The "social-networking" gold rush continues. Last year, MySpace was acquired by News Corp. for $580 million in cash. Now the other big social-networking sites are the subject of rumors, deals, and transactions. Yahoo! was interested in acquiring Facebook for $1 billion, but the company's youthful founders are holding out for more.... Read more...
As much as you may hate it, there are those who love Spyware. To be more precise, the owners of such businesses as Direct Revenue, love Spyware. While they may be raking in the money, people everywhere are spending frustrating hours trying to remove Direct Revenue's type of software from their computers. Though Congress has been trying to clamp down on the massive amounts of Spyware circulating around the net, the millions of dollars in revenue those pesky programs bring in make it hard to predict any end in sight. "This explains the vitriol aimed at Direct Revenue. The company, located in a loft above a clothing boutique in New York's hip SoHo district, has been a pioneer in a seamy corner... Read more...
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