Sony is acquiring German media company Bertelsmann’s 50% stake in music label Sony BMG, which will be renamed as Sony Music Entertainment Inc. (SMEI) for $1.2 billion. Sony CEO Howard Stringer said the acquisition would let Sony achieve deeper integration between the wide-ranging global assets of the music company and Sony’s products, operating companies and affiliates. […]
Struggling communications company Motorola has named Sanjay Jha its co-CEO and CEO of the Mobile Devices business. The Mobile Devices business has been a complete disaster for Motorola without any big hits after the Razr phone. Motorola’s Mobile Devices business reported an operating loss of $346 million on sales of $3.33 billion in Q2. Sales […]
Sun Microsystems, one of the worst IT companies in Silicon Valley, has turned in a lousy performance in its fiscal fourth quarter ended June 30, 2008. Ugly Summary of Sun’s Q4 Disaster: * Revenues were down * Profits were down 73% * Gross Margin was down * Product Revenues were down * Only service revenues […]
Anil Ambani’s Reliance Globalcom (a division of Reliance Communications) intends to provide content delivery network (CDN) services in India and has partnered with a U.S. company Internap Network Services for the underlying technology. The CDN services will let Indian businesses add graphics, audio, streaming video and live events to their Web sites and Internet applications. […]
Remote technical support services provider for consumers and small businesses iYogi has raised $9.5 million in a Series B round led by SAP Ventures. Canaan Partners and SVB India Capital Partners also participated in the latest round. For an annual subscription fee of $199.99 per desktop, iYogi provides support for different technologies including PC hardware, […]
Kismat Konnection – Dud at Box Office Making crappy movies like Kismat Konnection is a sin. Reviewing such crappy movies – and giving them undeserved publicity – is a greater sin. Watching Kismat Konnection less than 24 hours after watching The Dark Knight featuring the peerless Heath Ledger as the Joker is nothing but Karmic […]