Posts Tagged ‘street-journal’

Jawbone Raises More Than $100 Million to Meet Demand for Wearable Tech

September 12, 2013  |  All Things Digital  |  No Comments

Jawbone, the Bay Area-based electronics company that makes colorful Bluetooth speakers and the activity-tracking Up wristband, has raised more than $100 million through debt financing and new equity. Jawbone UP The funding round was first reported by Fortune earlier this morning. AllThingsD has independently confirmed the funding. The company has said it needs cash in the short term to meet demand for its products, as it has “millions of back-orders to fill,” according to the Fortune report. Its long-term strategy, I’m told, includes the hiring of more data engineers to work on its wearable products. Jawbone raised over $90 million in debt financing and asset-backed loans from Silver Lake Partners, Fortress Investment Group, J.P. Morgan and Wells Fargo. Previous investors Andreessen Horowitz, Sequoia Capital and Kleiner Perkins also contributed to a new round of equity said to be at $20 million. In recent months, Jawbone, which is led by founder and CEO Hosain Rahman, has made at least a few strategic acquisitions in addition to expanding its product line and making key hires. In February, Jawbone bought two mobile-focused health and lifestyle companies, Visere and Massive Health , for an undisclosed amount. In April, it spent more than $100 million to acquire BodyMedia , a veteran Pittsburgh-based health-tracking company, for both its talent and its patents. Since then, it has also hired data scientist Monica Rogati as a “VP of Data” and has been looking to hire more data-focused scientists and engineers. Jawbone’s $130 Up wristband is part of a growing category of devices that are worn on the wrist and other parts of the body to track wearers’ activity levels throughout the day and sync the data to a mobile device. Competitors include Fitbit’s products and the Nike+ FuelBand — and competition may be creeping up from within the mobile phone itself, as sensors inside smartphones get better and more plentiful

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AllThingsD on TV: Ballmer, Google’s IPO and the Future of Personal Electronics

August 25, 2013  |  All Things Digital  |  No Comments

With Google celebrating the ninth anniversary of its IPO on Monday and Microsoft CEO Steve Ballmer announcing plans to retire on Friday, this week was hardly short on news or AllThingsD staffers discussing it on various TV shows. Below, a quick rundown of our editors’ media appearances during the past week. Mike Isaac showed up on CNBC Monday to discuss Google on the ninth anniversary of its IPO. Lauren Goode appeared on Fox to discuss Yahoo topping Google as the most visited Web site in the United States last month. Walt Mossberg joined “Nightly Business Report” to talk about Microsoft CEO Steve Ballmer’s decision to retire. Kara Swisher appeared on “CBS This Morning” Saturday, also discussing Ballmer. Walt also showed up on The Wall Street Journal’s “Digits” program to talk about TiVo’s new Roamio service. Finally, Walt joined CSPAN to discuss the future of personal electronics.

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Microsoft Bribe Probe Reaches Into Pakistan, Russia Deals

August 22, 2013  |  All Things Digital  |  No Comments

A U.S. investigation into Microsoft Corp.’s relationships with business partners that allegedly bribed foreign officials in return for contracts includes activity in Russia and Pakistan, a sign that the probe is wider reaching than previously known, according to people familiar with the matter. The Wall Street Journal reported this year lawyers from the U.S. Justice Department and the Securities and Exchange Commission had been conducting a preliminary investigation into kickback allegations made by a former Microsoft representative in China, as well as the company’s relationships with certain resellers and consultants in Romania and Italy. In Russia, an anonymous tipster told Microsoft that resellers of its software allegedly funneled kickbacks to executives of a state-owned company to win a deal, the people familiar with the matter said. In Pakistan, a tipster alleged that Microsoft authorized a consulting firm to pay for a five-day trip to Egypt for a government official and his wife in order to win a tender, the people familiar with the matter said.

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Carl Icahn Denied in Bid to Upend Dell Buyout Vote

August 16, 2013  |  All Things Digital  |  No Comments

Carl Icahn, the activist investor, can’t seem to get a break from the Delaware Chancery Court. A judge in that court turned away Icahn’s petition asking it to intervene and stop a buyout vote scheduled for Sept. 12 . That means that the vote, complete with its revised rules, will go on as scheduled. The Wall Street Journal has a closer look at the decision itself here . Meanwhile, Dell notified shareholders via a filing with the U.S. Securities and Exchange Commission that its regular annual meeting has been scheduled for Oct. 17. The date had been a point of contention for Icahn, who had sought to force Dell to hold the annual meeting on the same date as the special shareholder meeting during which votes on the buyout will be tallied. Either way, Icahn and his partner in opposing the deal, Southeastern Asset Management, say they will continue to run their own slate of directors and continue to fight for control of the company at the annual meeting in October. In another filing with the SEC, Icahn and Southeastern renominated the slate of directors they first put up on May 17 . CEO and founder Michael Dell and the private equity firm Silver Lake have offered about $25 billion to buy the company out. Icahn and several other large shareholders have argued that their offer undervalues the company. They have proposed a strategic recapitalization that would see 72 percent of shareholders bought out at $14 a share, and leave the remaining shares trading publicly. Shareholders would also receive a special dividend and receive warrants for the purchase for Dell shares at a later date.

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Why Is My Phone Giving Me Amber Alerts, What Bezos Should Do With the WaPo (And Other Tech Mysteries Demystified)

August 11, 2013  |  All Things Digital  |  No Comments

Many Californians were jolted out of bed on Monday to an unusual siren sound emanating from their smartphone, followed by an Amber Alert about a suspected kidnapper. While the mobile phone warning was new to those in the Golden State, the Emergency Alert System has been running for about a year now (as faithful AllThingsD readers already knew ), having served up weather-related alerts for Hurricane Sandy and other East Coast storms as well as various regional Amber Alerts. AllThingsD’s Ina Fried explained the system in an interview with Southern California Public Radio . And, for those who missed it, law enforcement caught up with the suspect in Idaho on Saturday, killing him and rescuing the teenager he kidnapped . Meanwhile, Kara Swisher struck a chord this week with her essay advising Jeff Bezos on what to do with the Washington Post. Swisher appeared on NBC’s “Meet the Press” earlier on Sunday as part of a panel on what the blockbuster deal means for the future of one of journalism’s most treasured institutions. Visit NBCNews.com for breaking news , world news , and news about the economy Elsewhere, AllThingsD staffers talked about other topics

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The Restaurant Business Is Like the News Business, Says Geoffrey Zakarian

August 9, 2013  |  Media Week  |  No Comments

Specs Who

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Obama Administration Vetoes Apple Product Ban

August 3, 2013  |  All Things Digital  |  No Comments

The Obama administration on Saturday issued a veto on a proposed potential ban on a number of Apple products in the U.S., including some iPhones and iPad devices. “After extensive consultations with the agencies of the Trade Policy Staff Committee and the Trade Policy Review Group … I have decided to disapprove the USITC’s determination to issue an exclusion order and cease and desist order in this investigation,” a letter from the U.S. government to United States International Trade Commission Chairman Irving A. Williamson said. The president’s veto comes in response to a ruling made by the USITC in June , granting the South Korean electronics giant Samsung’s request for an import ban on older iPhones and iPads, which the ITC found to infringe one of Samsung’s standards-essential patents. The order would have affected only AT&T iPhone models prior to the 4S, as well as the iPad 2 and earlier iPad versions. “We applaud the administration for standing up for innovation in this landmark case. Samsung was wrong to abuse the patent system in this way,” an Apple spokeswoman told AllThingsD . Update 1:26 pm PT : A Samsung spokesman provided AllThingsD with the following comment: “We are disappointed that the U.S. Trade Representative has decided to set aside the exclusion order issued by the U.S. International Trade Commission (ITC).

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ATD on the TV: Toasty Twitter, Amber Alerts, Dell and the NFL

July 21, 2013  |  All Things Digital  |  No Comments

This week members of the AllThingsD staff showed up live and in person on all sorts of channels. Should you want to see some of the week’s tech news highlights, rather than just read about them, watch these quick videos. Mike Isaac turned up on CNBC with some smart answers to a somewhat silly question: “Is Twitter toast?” Arik Hesseldahl joined WCBS to give some background on emergency cell phone alerts, after one woke up many New Yorkers in the middle of the night. He was also on the BBC for a hit on the ongoing Dell saga, which he’s been covering on a more-than-daily basis . And then our media guy Peter Kafka showed up a couple places to talk about a theory that Google or Apple might gain a foothold in TV by buying online broadcast rights for football. Here’s Peter on the Wall Street Journal’s Digits show , and Bloomberg’s audio podcast “The Inside Scoop.”

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HTC Hoping to Make Another Big Impression With One Mini

July 18, 2013  |  All Things Digital  |  No Comments

For HTC, a company that has struggled to keep up in the competitive smartphone market, the launch of its One handset was a biggie. But for its next product launch, the company is going small — literally. Today, the Taiwanese smartphone manufacturer introduced the HTC One Mini, a scaled down and more affordable version of its flagship device. Launching in August or September, the One Mini keeps to the same design aesthetics as the HTC One — aluminum chassis and dual speakers — but features a smaller 4.3-inch 720p HD touchscreen and a 1.4GHz dual-core processor. (The One has a 4.7-inch 1080p HD touchscreen and a 1.7GHz quad-core processor.) It also lacks the infrared feature that allows you to use the smartphone as a remote control, and has a smaller battery than the original HTC One. These modifications aside, the One Mini keeps many of the same features as its bigger brother, including HTC’s Ultrapixel camera technology and software and BlinkFeed, an interface that lets you view all your social network updates and news right on your home page

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Verizon’s $1 Billion Deal Includes Streaming the Super Bowl

June 5, 2013  |  Media Week  |  No Comments

As Americans continue to watch more TV on screens other than their televisions, Verizon Wireless has signed a multi-year $1 billion contract to expand its service giving customers access to NFL games via their smartphones. Verizon customers will be able to stream afternoon local games as part of Verizon's NFL Mobile Package, according to The Wall Street Journal . Currently the app offers access to NFL games on Sunday, Monday and Thursday nights. In 2014, customers will be able to watch all home-market games as well as post-season games—including the Super Bowl. The deal enhances the phone and Internet provider's existing package, which allows viewers to stream games in tandem with ESPN, NBC and NFL Network broadcasts for $5 per month.

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