Archive for February, 2011

Goldman Sachs Invests $70 Million Into AppSense

Amit Chowdhry | February 23, 2011 | 685 views | Add a Comment
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Goldman Sachs has invested $70 million into AppSense, a desktop management company. Pete Perrone at Goldman will be joining the AppSense board of directors. AppSense signed up about 4,000 enterprise and government customers across the world in 2010. Last year the company sold about 1.5 million user licenses. The companyis profitable and they booked a turnover of $47 million last year. [TechCrunch]

Apple Expected To Announce New iPad On March 2

Amit Chowdhry | February 23, 2011 | 780 views | 1 Comment
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This past week Apple Inc. (NASDAQ:AAPL) sent out invitations to the media about a special iPad event on March 2nd in San Francisco, California. The event will be held at the Yerba Buena Center for the Arts at 10AM. We are expecting that Apple will announce the iPad 2 at the event. The iPad 2 is expected to be faster, come in different sizes, and have FaceTime. [TheLoop]

Spotify To Raise About $100 Million At A $1 Billion Valuation [RUMOR]

Amit Chowdhry | February 22, 2011 | 597 views | Add a Comment
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Music streaming service Spotify is planning to raise a $100 million round of funding at a $1 billion valuation very soon. DST and Kleiner Perkins are believed to be involved in this round. Thus far Spotify has raised a total of €82.3 million. Spotify is expected to launch in the U.S. very soon as they are negotiating deals with music labels. [AllThingsD]

AT&T Motorola Atrix 4G Now Available For $199.99 At AT&T

Amit Chowdhry | February 22, 2011 | 779 views | Add a Comment
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Wal-Mart Stores, Inc. (NYSE:WMT) is now selling the Motorola Atrix 4G for a cost of $129.99 (sale ends tomorrow). It is also for sale at a higher price at AT&T ($199.99 with two year contract). Amazon.com and RadioShack are also selling the phone at a price that is about $50 less with a 24 hour ship time. [Engadget]

Steve Jobs: “We Created Subscriptions For Publishing Apps, Not SaaS Apps”

Amit Chowdhry | February 22, 2011 | 894 views | 1 Comment
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There is some controversy surrounding Apple’s subscription revenue-sharing rules. Earlier this month Apple Inc. (NASDAQ:AAPL) announced a new subscription model where Apple would take a 30% cut for publishers sell subscriptions to their magazines through the Apple App Store. Some software-as-a-service developers are worried that Apple will take a 30% cut from them as well if a mobile app is part of their premium packages. Apple CEO Steve Jobs clarified this matter in an e-mail recently. A MacRumors reader wrote the following e-mail to Steve Jobs:

Amazon.com Announces Unlimited Streaming For Prime Instant Video Customers

Amit Chowdhry | February 22, 2011 | 1,178 views | 2 Comments
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Amazon.com, Inc. (NASDAQ:AMZN) has announced unlimited video streaming for paid U.S. Prime customers. There are currently about 5,000 videos available for streaming with subtitles available on foreign films. A lot of this video content is still available for “rent” or “buy.” Press release is below:

Chip Companies CSR and Zoran Merge As Part Of $679 Million Deal

Amit Chowdhry | February 21, 2011 | 700 views | Add a Comment
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Wireless chip company CSR has agreed to merge with Zoran, a consumer chip company. The deal is worth $679 million. CSR is known for developing personal wireless devices like GPS systems and Bluetooth headsets. Zoran develops digital technology chips that go into cellphones and digital cameras.

Anaheim Union High School District Tracking Absentee Students With GPS

Amit Chowdhry | February 21, 2011 | 828 views | Add a Comment
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If you are a student that misses classes often at the Anaheim Union High School District, then you might be recommended to be tracked using a GPS. The Anaheim Union High School District is handing out GPS trackers to seventh and eight graders through a six week pilot program. If the student has 4 unexcused absences from school, your parents can volunteer to have you use a tracker. The student will need to enter a code five times per day in order to “check-in” at school. The student will also have to receive 3 phone calls per day from a coach. The school hopes that this will prevent students from joining gangs. [OC Register]

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