Archive for February, 2011

Nokia Plan B Shareholders Decides Not To Pursue Protest Against Microsoft Deal

Amit Chowdhry | February 16, 2011 | 581 views | Add a Comment
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After Microsoft and Nokia announced their strategic partnership, nine young shareholders in Nokia decided that they would protest the deal in May. The protest was coined “Plan B.” The nine shareholders published a letter about the protest, but updated it recently because they decided not to go through with it. Why did they give up? Nokia’s institutional investors and developers aren’t allowed to support activities such as “Plan B.” The institutional investors can protest by selling shares in the company but they cannot protest changes. Plan B was brought up and retracted in less than 36 hours. [TNW]

Paperless Billing Company Doxo Raises $10 Million Series B

Amit Chowdhry | February 16, 2011 | 615 views | 1 Comment
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Doxo is a paperless billing company that has raised $10 million in Series B funding in a round led by Sigma Partners. Existing investors Mohr Davidow and Bezos Expeditions also participated in this round. Thomas Layton, former OpenTable CEO, invested in this round and is joining the board of directors at Doxo as well. Doxo is a paperless billing company that has raised $15 million in total funding. On average businesses pay $10 per year per customer for sending them paper bills. Doxo aims to reduce the cost incurred for these businesses. Some of Doxo’s clients include Sprint, Puget Sound Energy, and Kansas City Power & Light. [TechCrunch]

Google One Pass Lets Publishers Keep 90% Of Subscription Revenues

Amit Chowdhry | February 16, 2011 | 626 views | 1 Comment
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Google Inc. (NASDAQ:GOOG) has announced new subscription plans for consumers that use Android tablets and smartphones. Google one-upped Apple Inc. (NASDAQ:AAPL) by offering publishers 90% revenues or more. Apple offers publishers 70% revenues. The subscription service is called Google One Pass. Google CEO Eric Schmidt made the announcement at the Humboldt University in Berlin.

Groupon Attempted To Poach Hulu CEO Jason Kilar

Amit Chowdhry | February 16, 2011 | 629 views | Add a Comment
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Groupon is expanding rapidly overseas and it is rumored that they have approached Hulu CEO Jason Kilar about joining their company. Groupon considered hiring Kilar as the head of worldwide operations and the position that could be filled within the next 30 days. It is uncertain whether Kilar was interested in the job or not. [Hollywood Reporter]

Intel Acquires Silicon Hive

Amit Chowdhry | February 15, 2011 | 5,876 views | 1 Comment
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Intel Corporation (NASDAQ:INTC) has acquired Silicon Hive. Silicon Hive is an Intel Capital portfolio company that works on enhancing still imaging and multimedia video processing technology. Silicon Hive has about 65 people on staff across the world and is based in Eindhoven, The Netherlands. The company was co-founded by Atul Sinha and Jeroen Leijten.

HTC Announces Flyer Tablet and Salsa, ChaCha, Desire S, Wildfire S, Incredible S Smartphones

Amit Chowdhry | February 15, 2011 | 924 views | 1 Comment
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At the Mobile World Congress conference, HTC has announced several new devices. The devices include the Flyer tablet and Salsa, ChaCha, Desire S, Wildfire S, Incredible S smartphones.

Instagram Hits 2 Million Users

Amit Chowdhry | February 15, 2011 | 539 views | Add a Comment
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iPhone photo editing application Instagram has hit 2 million downloads. It took about 3 months to hit 1 million downloads and 6 weeks after that to hit another million downloads. Earlier this month Instagram raised $7 million. [TechCrunch]

IBM Watson Wins On Day 2 Of Jeopardy

Amit Chowdhry | February 15, 2011 | 833 views | Add a Comment
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Watson, a supercomputer designed by International Business Machines Corp. (NYSE:IBM) and currently competing in Jeopardy has won day 2 against Ken Jennings and Brad Rutter. In the first game, Watson tied with Rutter and beat Jennings. The final score on today’s Jeopardy was: Watson: $35,734, Rutter: $10,400, Jennings: $4,800. Below are videos of the first game:

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