Former Microsoft Corporation (NASDAQ:MSFT) CEO Steve Ballmer has stepped down from the board of directors at the company. Last year, Ballmer said that he was going to retire after a replacement was decided. The board ended up selecting Satya Nadella in February, but Ballmer kept a seat on the board. Ballmer said that he is leaving the board to focus on other activities. For example, he now owns the L.A. Clippers basketball team. He will also teach a class at USC’s Marshall School of Business. Ballmer owns more shares at Microsoft than anyone else, but he will no longer have a say in company decisions. Here is the letter that Ballmer sent to the the newly appointed CEO:
The iPhone 6 is expected to come with a battery that is larger than the one inside the iPhone 5s, according to a leaked photo. The photo shows a battery with an 1,810 mAh capacity, which is larger than the 1,560 mAh battery in the iPhone 5s.
Microsoft and Hewlett Packard are reportedly partnering on an ultra-low-cost Windows laptop computer called the HP Stream 14, which is a 14-inch Windows 8.1 computer that is expected to sell for $199. The Stream 14 has an AMD processor, a 1366 x 768 pixel display, 2GB of RAM, 32GB or 64GB internal storage, and an SD card slot. Microsoft will provide 100GB of OneDrive storage for two years with the purchase of the Stream 14, which is a similar offer that Google is offering for 100GB of Google Drive storage with every Chromebook purchase. It is unknown when the Stream 14 will be released.
Yahoo! Inc. (NASDAQ:YHOO) has acquired Israel-based advertising startup ClarityRay. Here is a statement that Yahoo! sent out about the deal:
Google Inc (NASDAQ:GOOG) has acquired Jetpac, an app that uses Instagram data to curate information about cities. For example, it will find out which city is the happiest based on photos to create “City Guides.” Launched in 2012, Jetpac started out as a social travel guide on the iPad. But it shifted towards an Instagram-data driven service. Google will probably work with the Jetpac team to specifically improve search around locations using photo data. Jetpac will be removing the app from the Apple App Store in the next few days and support will be ended on September 15th.
Intel Corporation announced earlier this week that it has acquired a networking business and assets from Avago Technologies for $650 million in cash.
Alibaba, the largest e-commerce company in the world, is going on an investor road show in September. Alibaba will likely be the largest IPO offering ever on the NYSE. Alibaba has a two-tiered shareholder structure that Hong Kong refused to support, but the NYSE did not.
Intel and SMS Audio, the consumer electronics company that was founded by 50 Cent, have partnered to launch heart-rate headphones. In the earbuds of the SMS Audio BioSport In-Ear headphones, there is an optical light sensor that detects the heart rate of the wearer with some other sensors.