Tech wrap: Apple teases “Mountain Lion”

February 16, 2012

Apple released details on the successor to its “Lion” operating system for Mac computers, due out late this summer. OS X 10.8, dubbed “Mountain Lion,” will inherit features already running on iPhones and iPads such as iMessage, Notification Center and AirPlay mirroring, according to an Apple press release. Game Center will give Mac users the opportunity to square off against gamers on iOS devices as well as other Mac users. A new feature called “Gatekeeper” is meant to give OS X users more control over what apps can be downloaded onto their Macs, further distinguishing Apple-approved apps from third-party ones. The plan to introduce more iOS functions to Apple’s desktop and laptop OS comes as Microsoft prepares to make its desktop applications more mobile with a rumored fall release of Windows 8.

Tech wrap: RIM co-CEOs seen losing chairman role

January 3, 2012

RIM is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, The National Post newspaper said, a change that could meet a key demand from angry and disillusioned investors. The Post’s sources said Barbara Stymiest, currently an independent member of RIM’s board, is leading the race to replace Mike Lazaridis and Jim Balsillie in the chairmanship. RIM shares jumped more than 7 percent on the news. But some analysts doubted Stymiest, if named to the chairmanship, would actually assume the transformational role that activist shareholders are calling for.

Tech wrap: Microsoft allowed looks at Yahoo’s books

November 23, 2011

Microsoft has signed a confidentiality agreement with Yahoo, allowing the software giant to take a closer look at Yahoo’s business, according to a source familiar with the matter. Microsoft joins several private equity firms that are also poring over Yahoo’s books and operations, as they explore various options for striking a deal with the struggling Internet company. Microsoft’s signing of a nondisclosure agreement with Yahoo occurred “recently,” according to the source.

Tech wrap: Is intellectual property being used to restrict competition?

November 22, 2011

EU regulators investigating Apple and Samsung over their patents dispute are worried intellectual property rights may be unfairly used by some firms against their rivals, the EU antitrust chief said. “We need to look at this because IP rights can be used as a distortion of competition but we will need to look at the answers,” EU Competition Commissioner Joaquin Almunia told reporters. “Apple and Samsung is only one case where IP rights can be used as an instrument to restrict competition,” he said.

Me Too: More funding for HouseTrip.com

November 22, 2011

Me Too is a scorned strategy among many entrepreneurs, but it sometimes works quite well.

Lots of IPOs, just one Nasdaq bell

November 9, 2011

Nasdaq’s senior vice president of new listings and capital markets has some bad news for companies looking to hold an initial public offering: don’t expect to ring the opening bell.

The dreary details of Groupon’s future

By Kevin Kelleher
November 7, 2011

By Kevin Kelleher
The views expressed are his own.

Underwriting is usually a cheerless business. Taking a company public involves long regulatory filings, endless hours of due diligence and PowerPoint-driven roadshows. Investors need details, even if the details are dreary.

Tech wrap: Groupon goes public, super nova

November 4, 2011

Shares of daily deals site Groupon rose more than 50 percent in their stock market debut, but at least some of the early trading exuberance may have come from limiting the fraction of the company that was sold. The shares rose as high as $31.14, or 55.7 percent above the IPO price, in early trading on the Nasdaq, at one point pushing the market value of the company up to $19.9 billion.  The shares later eased back, closing at $26.11. Despite the early success, there are still lingering questions about Groupon’s business model and about competition from better-funded rivals such as Amazon.com and Google.

Seviche doesn’t love Groupon anymore

October 25, 2011

Groupon’s IPO roadshow pitch is revving into high-gear this week. But CEO Andrew Mason and the rest of the crew might want to first convince its own clients of the company’s benefits.