Archive for February, 2011

Funny or Die Spoofs AOL’s Huffington Post Acquisition [VIDEO]

Amit Chowdhry | February 13, 2011 | 841 views | 1 Comment
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FunnyorDie.com has made a spoof of AOL’s $315 million acquisition of The Huffington Post. Funny or Die created the above fake commercial of what the acquisition would look like if it took place 15 years ago.

Ford and Ferrari Settle Lawsuit

Amit Chowdhry | February 13, 2011 | 675 views | Add a Comment
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Earlier this month Ford Motor Company (NYSE:F) sued Ferrari over trademark infringement. Ferrari settled by naming their 2011 Ferrari Formula Once race car from the F150 to the F150th Italia. Ford wanted Ferrari to stop using F150 on any products in the U.S. and sought $100,000 in damages under the Anticybersquatting consumer Protection Act. [eGMCarTech]

Kickstarter Hits Over $16,000 For RoboCop Statue In Detroit

Amit Chowdhry | February 13, 2011 | 720 views | Add a Comment
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There is a Rocky statue in Philadelphia and it is an attraction. What Detroit needs is a statue of a movie hero as well. After all Detroit is becoming the “Hollywood of the Midwest.” In an initiative that started from a random tweet to Detroit Mayor Bing, Kickstarter has a $50,000 campaign to get a statue of RoboCop erected in the city. So far over $16,000 has been raised across 878 people. About 40 days are left! [RoboCop Kickstarter]

Private Equity Owners Plan To Have Freescale Semiconductor Go IPO

Amit Chowdhry | February 13, 2011 | 687 views | Add a Comment
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Freescale Semiconductor is a company that started as a division of Motorola in Phoenix, Arizona in 1949. Freescale had an IPO in July 2004 with a price of $13 per share. The company was bought out for $17.6 billion by a consortium of companies led by Blackstone Group LP. Now Freescale is going to go IPO again. Freescale plans on using the proceeds from the IPO to repay debt. It is uncertain whether Blackstone Group, TPG Capital, the Carlyle Group, and Permira Advisers will sell shares as part of the offering. Last year Freescale’s net sales increased 27% to $4.46 billion. Freescale’s EBITDA doubled to $1.15 billion. [NY Times]

Ford Fan Made Ad Could Be A Good Response To Chrysler-Eminem [VIDEO]

Amit Chowdhry | February 13, 2011 | 745 views | Add a Comment
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In the clip above, you will see a video made by Motofinity. This Ford-inspired video could be a pretty good response to the Chrysler-Eminem commercial that aired during the Super Bowl (see video below). The Chrylser-Eminem ad was viewed over 6 million times on YouTube and received a lot of hype during and after the Super Bowl. A lot of people from Michigan wrote the ad tagline (“Imported from Detroit” ) in their tweets and Facebook statuses after watching the Chrysler ad.

Julian Assange Attorneys Argue That Swedish Prime Minister’s Comments Will Lead To Unfair Trial

Amit Chowdhry | February 13, 2011 | 713 views | 2 Comments
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The lawyers of WikiLeaks founder Julian Assange are trying to prevent him from getting extradited to Sweden to face rape charges. The lawyers have pointed out that the Swedish prime minister made some remarks that would prevent Assange from having a fair trial there. Assange’s lawyers pointed out that the Swedish prime minister said Assange is an enemy of the people and is public enemy number one. The Swedish prime minister also said that Assange was opposed to women’s rights, which the lawyers said was a lie. [Huffington Post]

Nikon Turned Down Buying Photoshop In 1988 [Software History]

Amit Chowdhry | February 13, 2011 | 906 views | 1 Comment
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In 1987, Thomas Knoll began writing graphic subroutines on a Mac Plus. He teamed with his brother John to combine the subroutines into an application called “Display.” Display was refined into software called ImagePro. About a year later, the two brothers displayed their software at the MacWorld tradeshow. The two brothers approached Nikon and offered them the rights to the image editing program. Nikon U.S. and Europe liked the idea, but Nikon Japan decided against the idea because they believed there wouldn’t be much demand. Kodak and a few other big photography companies also turned down the software made by the Knoll brothers. In 1989, Adobe struck a deal with the two brothers to license their image editing program. It would be called “Photoshop.” Today Adobe Photoshop is one of the company’s best selling software. [PetaPixel]

Amazon.com Shutting Down Irving, Texas Distribution Center Over Tax Dispute

Amit Chowdhry | February 13, 2011 | 1,063 views | Add a Comment
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Amazon.com, Inc. (NASDAQ:AMZN) is shutting down a distribution center in Irving, Texas over an ongoing tax dispute. The distribution facility will be shut down on April 12 and Amazon.com will be cancelling plans to hire about 1,000 additional workers. Texas wanted $269 million from Amazon.com in past-due sales taxes. They sent Amazon.com the bill last October.

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