Archive for November, 2009

Lucie Kim’s $4 Billion Lawsuit Against Miley Cyrus For Asian Picture Gets Thrown Out Of Court

Amit Chowdhry | November 22, 2009 | 1,244 views | Add a Comment
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[Photo credit: TMZ]

Because of the picture above Lucie Kim decided to sue Miley Cyrus for $4 billion. The lawsuit was class-action and it was a high amount because she claimed that Cyrus was violating a statute that does not allow businesses to discriminate against minorities. Los Angeles Superior Court Judge Robert Hess threw out the case saying that the photo did not break any state laws.

Kim’s lawyer argued against the ruling by saying that Cyrus is a master marketer and she should have known that the photo deprived the Asian-American community of “courtest and respect.” Cyrus issued an apology in the same week that the photo was released. Cyrus and her friends said that they were not intentionally trying to discriminate against an entire race in an earlier filing.

QuinStreet Filing For $250 Million IPO

Amit Chowdhry | November 22, 2009 | 5,643 views | Add a Comment
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QuinStreet is an online media and marketing company that owns the domain names Insure.com and Internet.com. Insure.com was bought for about $16 million and Internet.com was bought for $18 million. Quinstreet has filed an IPO in order to raise $250 million. The company will be listed under the Nasdaq index with the symbol “QNST.”

Quinstreet was founded in 1999 and has $60 million in funding from Sutter Hill Ventures, Split Rock Partners, Granite Global Ventures, Catterton Partners, Focus Ventures, Rosewood Capital, Charter Growth Capital, VSP Capital, J&W Seligman, and Stanford University. Quinstreet earned $260 million in revenue this year and had net income of $17.2 million.

How To Export Facebook Birthdays To iCal and Google Calendar

Amit Chowdhry | November 21, 2009 | 37,533 views | 4 Comments
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Earlier today I called a friend for his birthday. I would not have known it was his birthday unless I logged into Facebook and checked the bottom right side-bar of the homepage. Facebook does not give prime homepage real estate to birthdays and that seems pretty inconvenient to those who like using that feature often. This is why I started searching for ways to import my friends’ birthdays into my iCal.

I just started using iCal recently and now I’m hooked on it. As long as my computer is booted up, iCal has to be open for me too. Here are some ways to import Facebook birthdays into your iCal or Google Calendar. I tried finding an easy way for Outlook but did not have any luck.

iCal
1. Open up your iCal
2. Create a new calendar by selecting the + sign at the bottom left and call it Birthdays
3. Visit the Birthdays to iCalendar (.ics) Exporter application page. Click “Download your iCal file” and set the import to your “Birthdays” calendar on iCal.

Google Calendar
1. Visit the Birthdays to iCalendar (.ics) Exporter application page. Click “Download your iCal file” and save the .ics file to the desktop.
2. Visit Google Calendar at http://www.google.com/calendar/.
3. At the bottom left click where it says “Add” under “Other Calendar.”
4. Click Import Calendar
5. Select the .ics file after on the desktop after clicking browse.

India Will Most Likely Have About 1 Billion Mobile Phone Users By 2015

Amit Chowdhry | November 21, 2009 | 958 views | Add a Comment
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India currently has a population of 1.14 billion people. One of the fast growing mobile market segments in the subcontinent are the rural areas. As a matter of fact Manoj Kohli of Bharti Airtel is predicting that there will be about a billion mobile phone users in India by 2015. His company alone plans to have about 200 million customers in the next few years.

“Achieving a billion plus (Indian mobile users) by 2015 is possible,” stated Kohli at the Mobile Asia Congress event. “The largest growth will happen in the rural market.” Currently there are about 400 million mobile phone users in India and about 600 million in China.

Modern Warfare Costed $40-$50 Million To Make

Amit Chowdhry | November 21, 2009 | 1,001 views | Add a Comment
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When Call of Duty: Modern Warfare was released, the game made $310 million in 24 hours and $600 million in 5 days. The first question that might be on a financial analyst’s minds may be, “how much of that was profit?” It turns out that the game costed roughly $40-$50 million to produce. For a video game this is a massive budget. But it took only 2 years for Activision to put together. Gran Turismo 5 took about 5 years and costed about $60 million to put together so far as a comparison.

The launch budget of the game was about $200 million which is about the same cost as a summer movie. That $200 million included producing, distributing, and marketing. “My goal was to create a launch that would compare very favorably to the biggest box offices of all time,” stated Activision Blizzard CEO Bobby Kotick in an interview with the L.A. Times. It looks like Kotick met his goal based on the sales the game made thus far.

Want A Droid? It Now Sells For $120 On Dell.com.

Amit Chowdhry | November 21, 2009 | 2,401 views | Add a Comment
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The Verizon Droid has not been out for that long, but retailers want to capitalize on the hype around the new Google Android phone, designed by Motorola. Verizon is selling the phone for $200. Then Amazon.com decided to chop the price to $150. And now Dell.com decided to beat Amazon’s prices by offering it for $120.

Dell had a rough third quarter caused by a 54% net income drop so the company probably wants to attract more buyers to their website. Most likely Dell will be subsidizing the price drop out of their own pockets, but the commission from selling Verizon contracts might be worth the drop.

Palm Pixi Reduced To $25 On Amazon.com

Amit Chowdhry | November 21, 2009 | 997 views | Add a Comment
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palm-pixi
The newest Palm smartphone with 3G connection, QWERTY keyboard, social networking applications built-in, EV-DO connectivity, GPS through Sprint Navigation, Sprint TV, Amazon.com MP3 store, and 5 hours of talk time has been reduced to a mere $25 on Amazon.com with a 2 year contract of course. This is about $75 less than buying the phone from Sprint itself. This is the perfect deal for Palm fans that want to save a few bucks this holiday season.

Like.com Buys Out Fashion Sharing Website Weardrobe.com

Amit Chowdhry | November 21, 2009 | 1,249 views | Add a Comment
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Like.com has acquired Weardrobe.com. Weardrobe is a website that allows visitors to upload pictures of themselves and follow other users whose wardrobes they like. Like.com will be rolling their technology into Weardrobe. Weardrobe started as one of the eighteen companies from the Facebook incubator program this past summer. This is the first of those eighteen companies to have made an exit. Overall Like.com raised $54 million in funding.

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