Archive for July, 2009

Sam Raimi Signed to Direct World of Warcraft Movie

Shan Sadiq | July 22, 2009 | 3,297 views | 2 Comments
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Sam Raimi has been signed by Blizzard to direct a World of Warcraft movie. Sam Raimi directed Spider-Man. The Dark Knight’s producer Charles Roven has also been added to the team.

World of Warcraft is currently the world’s most-subscribed massively multiplayer online role-playing game. The game has a subscriber base of over 11.5 million. Legendary Pictures and Blizzard Entertainment most likely hope to use the game’s popularity to garner interest in the movie.

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Mobile Radio Startup FlyCast Raises $2.1 Million

Shan Sadiq | July 22, 2009 | 442 views | Add a Comment
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FlyCast has raised $2.1 million according to an SEC filing. The company has not said where the funding came from or what it will be used for.

FlyCast streams free radio to mobile phones. It offers over 1,500 digital radio stations. Flycast can stream radio to BlackBerry Bold, Storm, Curve, iPhone 2G, 3G, 3Gs, iPod Touch and Android. FlyCast streams can also be listened to on a desktop.

FlyCast was founded in 2006 as BroadClip. The company changed its name in January 2008.

FlyCast monetizes its broadcasts through ads. DoubleClick is the company’s ad-serving solution provider. The company’s ad technology can target listeners by age, gender, location, music interests, and device type. Advertisers can choose between a display ad or an audio ad inserted into the steam.

Nothing has been said about FlyCast’s revenue, profitability or growth.

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Bankrate Gets Acquired For $571 Million in Cash

Shan Sadiq | July 22, 2009 | 793 views | Add a Comment
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Bankrate, perhaps best known for its Bankrate.com website, has been acquired by Apax for $571 million in cash. Bankrate monitors and generates leads for over 4,800 bank throughout the country. It provides comparison of financial products such as mortgages, credit cards, car loans, etc.

Bankrate also runs Interest.com, Mortgage-calc.com, Savingforcollege.com, CreditCardGuide.com, and Bankaholic.com which it acquired last year.

Apax Partners is a private equity and VC group based in the UK. Apax is the seventh largest private equity firm globally. Apax will acquire all common stock of Bankrate for $28.50 per share. The acquisition price is a premium over 15.8 percent of Bankrate’s market value as of yesterday.

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Video: BlackBerry Storm 2 In Action

Shan Sadiq | July 22, 2009 | 580 views | Add a Comment
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Kevin Michaluk at CrackBerry posted a video of the Storm 2 in action.

LG Posts Record 2Q Profit

Shan Sadiq | July 22, 2009 | 653 views | Add a Comment
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LG is the third largest maker of LCD TVs. The company reported a record quarter thanks to strong LCD TV sales. Net income in the second rose 62 percent to $917 million from a year earlier. LG is also the world’s third largest maker of cell phones.

The company plans to overtake its rivals this year to become the second biggest LCD TV maker by offering WiFi enabled and energy saving models.

Profits from LGs other business sectors including mobile handsets and air conditioners are also up.

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Introducing the Hunt and Peck Keyboard For Your Grandma

Shan Sadiq | July 22, 2009 | 428 views | Add a Comment
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If you suck at typing, this is the keyboard for you. If your grandma hates computers, just buy her this little gem. She’ll become a Facebook diva in no time!

This keyboard can magically arrange its keys alphabetically. Just press a button and the layout switches from QWERTY to GRANNY. Even the function keys get mapped to LOL, IMO, etc. How awesome is that

I have no idea why this thing was created. It would definitely make an amusing gift.

You can buy this beast at firstSTREET for $30.00.

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iPhone Plant Worker Commits Suicide After New iPhone Prototype He Was Responsible For Goes Missing

Shan Sadiq | July 22, 2009 | 794 views | 1 Comment
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A 25 year old worker at Chinese manufacturer Foxconn killed himself last week after a 4G iPhone prototype he was responsible for went missing. He jumped off a 12 story building. Foxconn is one of Apple’s manufacturing partner in China. The company manufactures iPhones and iPods for Apple.

Sun Danyong, the man who killed himself, was responsible for 16 iPhone prototype models. When one of the models went missing, company security supposedly used inappropriate interrogation methods to find out where the phone went. Methods such as searching his house and holding him in solitary confinement were used.

Apple likes to keep things secret. So the company’s suppliers, partners, and employees are under great pressure to keep new products secret.

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Plastic Logic E-book Reader Will Feature AT&T 3G

Shan Sadiq | July 22, 2009 | 687 views | Add a Comment
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Plastic Logic announced in a press release that its e-book reader will feature AT&T 3G. Barnes & Noble’s ebook store is the exclusive content supplier for the upcoming reader. The reader hopes to compete with Amazon’s Kindle.

The press release did not mention anything about pricing but an extra fee is likely involved. AT&T will slap a fee onto anything. The Kindle’s wireless access is provided by Sprint at no extra charge.

The reader uses E-ink technology. It is under .25 inches think and weighs less than a magazine. It comes with a touch screen and has Wi-Fi support.

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