Archive for July, 2011

Wassup? What’s Down Is More Like It, As China Settlement Fails to Stem Yahoo Stock Decline

July 31, 2011  |  All Things Digital  |  No Comments

You would think the settlement of a major dispute would goose the stock of a company, but Yahoo’s deal with its Chinese partner Alibaba Group on Friday did exactly the opposite. Despite the clearing of an obvious overhang to its shares, the stock of the Silicon Valley Internet giant dropped almost three percent Friday to close at $13.10. While the ongoing federal budget wrangling was partly to blame, it was only a very small part with an overall market decline of under one percent. A tepid reaction to the deal — in which Yahoo, Alibaba and Japan’s SoftBank came to terms over the spin-off of Alibaba’s Alipay payments unit after much wrangling over the move — from Wall Street analysts was quick. A report titled “Yahoo Inc: Alipay Agreement: Better than Nothing, But Not That Great” by J.P. Morgan Doug Anmuth was typical

Read More

David Legrant dies at 87

July 31, 2011  |  Variety  |  No Comments

Obituary: Acting teacher coached Maguire, Burnett -- David Legrant, an acting teacher whose students including Tobey Maguire, Danny Glover, Carol Burnett, Bernadette Peters, Steve Martin, Walton Goggins, Alyson Hannigan and Sara Gilbert, died Thursday in Thousand Oaks, Calif. He was 87. The cause of death is not yet known.

Read More

‘Cowboys’ battles ‘Smurfs’ at B.O.

July 31, 2011  |  Variety  |  No Comments

Film News: Sony, U both estimate $36.2 mil for respective pics -- It wound up as a battle of the hybrids for bragging rights at the weekend's domestic B.O. -- and neither Sony nor Universal are giving way.

Read More

PBS to air new series from Fred Rogers Co.

July 31, 2011  |  Variety  |  No Comments

Film News: The first television series produced by the Fred Rogers Co. since ''Mister Rogers' Neighborhood'' has gone into production for a fall 2012 premiere on PBS.

Read More

U.S. Steps Up Probe of Nortel Patent Deal

July 31, 2011  |  All Things Digital  |  No Comments

The US Department of Justice is intensifying an investigation into whether tech giants including Apple, Microsoft and Research in Motion could use a recently acquired trove of patents to unfairly hobble competing smartphones using Google’s Android software, according to people familiar with the matter. A consortium of six companies last month paid $4.5 billion to acquire a portfolio of 6,000 patents auctioned by the bankrupt Canadian telecom equipment maker Nortel Networks, thwarting Google’s interest. The final amount, five times Google’s original $900 million “stalking horse” bid, stunned observers and raised concerns about how the consortium intended to use them. Read the rest of this post on the original site

Read More

PBS’ Kerger argues for pubcaster’s relevance

July 31, 2011  |  Variety  |  No Comments

Film News: PBS has become ''more important than ever'' because of the way commercial channels have tilted their schedules toward less consequential reality programming, pubcaster prexy Paula Kerger contends.

Read More

Showbiz braced for default fallout

July 30, 2011  |  Variety  |  No Comments

Film News: Interest rates, incentives are potential worry points -- Hollywood, like the rest of American industry, is weary of the what-ifs regarding a U.S. default.

Read More

‘Smurfs’ edges out ‘Cowboys’ at Friday B.O.

July 30, 2011  |  Variety  |  No Comments

Film News: Toon hybrid earns $13.3 mil; 'Cowboys' expected to win weekend -- Stateside moviegoers saw blue last night as Sony's "The Smurfs" took first with $13.3 million from 3,395 locations.

Read More

The Long Reach of Oracle’s Larry Ellison

July 30, 2011  |  All Things Digital  |  No Comments

If it ever seems like Oracle CEO Larry Ellison is everywhere, it’s not entirely your imagination. He’s a busy man. Aside from running Oracle, winning the Amerca’s Cup and having fun with being compared to the fictitious billionaire Tony Stark from the Iron Man movies, he’s had an indelible effect on the software industry, not just with Oracle the $36 billion software giant, but with other companies he’s had both direct and indirect hands in. The two most obvious examples are NetSuite, where Ellison was a founding investor, and Salesforce.com where CEO Marc Benioff is an Oracle alum, and where, come to think of it, Ellison was a founding investor too. But when you start considering the numerous Oracle alumni who have gone on to other things, Ellison’s reach becomes longer still. The graphic below comes from the folks at Software Advice and aims to illustrate through via these numerous connections, the impact that Ellison and Oracle have had throughout the tech and software industry. The top half represents independent companies where former Oracle execs either run the show or are in senior roles while the bottom half shows companies that Oracle has acquired — and let’s admit there have been a lot of them — where Oracle alumni in senior roles have found themselves re-integrated back into the mother ship. While I can’t help but think the graphic is incomplete — it sure seems like there must be other companies that could be on it — it sure is interesting to look at.

Read More

‘Whistleblower’ gets real

July 30, 2011  |  Variety  |  No Comments

Film News: Weisz dazzles at premiere -- Rachel Weisz dazzled in Valentino red at the July 27 premiere of Samuel Goldwyn Films' "The Whistleblower," even as she acknowledged her reality-inspired drama lacks an upbeat Hollywood ending.

Read More