Amit Chowdhry | October 21, 2010 | 702 views | Add a Comment
Categorized under Bloomberg L.P., Facebook, Google, Microsoft Corporation

Bloomberg did some research about how tech companies used a strategy called “Double Irish” and “Dutch Sandwich” to reduce overseas tax rate to 2.4%. Google Inc. (NASDAQ:GOOG) was able to cut their taxes by $3.1 billion in 3 years by moving foreign profits through Ireland and the Netherlands to Bermuda.

Amit Chowdhry | October 21, 2010 | 523 views | Add a Comment
Categorized under Jack Tretton, Playstation 3, Sony Corporation, Sony Playstation 3, Sony PlayStation 3 MOVE

Sony Corporation (NYSE:SNE) has announced the PlayStation 3 MOVE controller has sold 2.5 million units in 30 days. About 1 million were sold in the U.S. and 1.5 million were sold in Europe. The controller sells for $50. “We had to go back and increase production twice, we’re absolutely maxed out right now,” said Sony Computer Entertainment of America president and CEO Jack Tretton. [SlashGear]
Amit Chowdhry | October 21, 2010 | 541 views | Add a Comment
Categorized under Aurora Feint, OpenFeint, Peter Relan

Intel Corporation (NASDAQ:INTC) has invested $3 million into social gaming platform company Aurora Feint. Aurora is best known for creating OpenFeint, a game score platform commonly used on Apple iPhone and Google Android games. OpenFeint also gives gamers access to leaderboards, virtual currencies, and achievements.

Amit Chowdhry | October 21, 2010 | 1,014 views | Add a Comment
Categorized under AllFacebook.com, Infographics
Our friends over at AllFacebook.com has created an infographic about Facebook gaming statistics. I think it is uncanny how 50% of Facebook users log in just to play games.

Amit Chowdhry | October 21, 2010 | 701 views | Add a Comment
Categorized under eBay, PayPal

eBay Inc. (NASDAQ:EBAY) has announced their quarterly earnings and a lot of their strong performance was due to ownership of PayPal. PayPal is growing by leaps and bounds. eBay’s overall third quarter income rose 23% and there was a 0.5% increase in revenue. There has been a 3% rise in the total volume of goods sold through eBay, but this does not include automobiles. PayPal ended the quarter with 90 million active users and revenues were at $838 million. eBay’s third quarter profit as a whole was up to $431.9 million — they were at $350 million last year during the same period. [WSJ]
Amit Chowdhry | October 21, 2010 | 882 views | Add a Comment
Categorized under BlackBerry App World, Drive Safe.ly, Google Android Market

Drive Safe.ly is a mobile application that lets you read e-mail or receive/send SMS messages while you are driving. This makes it easier to communicate while you are driving. The way it works is simple: Turn it on before you start driving and incoming e-mails and text messages will be read to you. If the application messes up when you say the text message that you want to send out, you can always say “Try again.” The e-mail and SMS read/respond application costs about $13.95 per year or $3.95 per month. The application download is free on BlackBerry App World and Android Market. [Drive Safe.ly via Lifehacker]
Amit Chowdhry | October 21, 2010 | 492 views | Add a Comment
Categorized under AT&T, AT&T Inc.

AT&T Inc. (NYSE:T) has reported 2.6 million new wireless subscribers in the third quarter of 2010. This is a record number of wireless subscriber increase for the year. The company also reported a total net profit of $12.3 billion. Below is the full press release:

Amit Chowdhry | October 21, 2010 | 587 views | Add a Comment
Categorized under Microsoft Corporation, Microsoft Windows 7

Microsoft Corporation (NASDAQ:MSFT) has sold 240 million licenses of Windows 7 in one year. As of right now Windows 7 is the fastest selling operating system in history. Currently Windows 7 is running on 93% of new consumer PCs and has a 17% global OS market share according to Net Applications. [Windows Team Blog]