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Posts Tagged ‘boic’

Building on the trend of Apple, Nokia and others – Sun makes the move into a independent Appstore deployment. As Apple has shown that it is a viable business model, it only makes sense – end-users like to shop around, and are willing to pay for smaller apps. As Google Android starting to make its way into mobile phones, and Nokia “opened” up Symbian – the end-user community developer trend will create a business eco-system worth spending some research on. The project is codenamed Vector but will likely be called “Java Store” after its official launch.

Here is some quotes from Jonathan Schwartz by way of Washington Post.

“Candidate applications will be submitted via a simple web site, evaluated by Sun for safety and content, then presented under free or fee terms to the broad Java audience via our update mechanism. Over time, developers will bid for position on our storefront, and the relationships won’t be exclusive (as they have been for search). As with other app stores, Sun will charge for distribution – but unlike other app stores, whose audiences are tiny, measured in the millions or tens of millions, ours will have what we estimate to be approximately a billion users. That’s clearly a lot of traffic, and will position the Java App Store as having just about the world’s largest audience.”

“The store will be for all Java devices. Initially, the PC desktop will get the most attention from developers and customers, but there’s plenty of Java-enabled phones and developers will be pleased to have another distribution channel, especially one with the power of Sun behind it.”

Read the full article here. Read Jonathan Schwartz blog entry here.

Other bloggers covering this topic include: OStatic, Mobile Marketing Watch, Mobile Blogs, IndicThreads.

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Here is some good news posted at WSJ Venture dispatch. Please visit them for the whole article by clicking here.

“When chief information officers from across the country gathered Wednesday in Cambridge, Mass., for the sixth annual Massachusetts Institute of Technology Sloan CIO Symposium, talk was of virtualization and cloud computing, and the forecast was for a reconstruction of business IT infrastructure made more urgent by the economy’s troubles.

One panelist, MIT Professor Erik Brynjolfsson, even went so far as to say this period could become known in information technology lore as “the great restructuring.” He said it would have three elements, experimentation, measurement and building on scale.

Author James Champy, chairman of consulting at Perot Systems Corp., said many industries have overbuilt IT capacity and face a three-to-five-year challenge to right-size. He advised CIOs to reduce the cost basis of the enterprise to remove top line uncertainty across the business and to generate cash to invest in innovation.”

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I guess that the economic crisis only apply to some. Here is a report by way of Digital media Wire.

“Palo Alto, Calif. – Facebook, the online social network with more than 200 million members, earlier this month turned down funding that would have valued the company at $8 billion, the blog TechCrunch reported on Tuesday, citing a source “with direct knowledge of the proposed transaction.” The company reportedly turned down the $200 million in proposed funding because of a stipulation that would have required it to give up a board seat, with founder Mark Zuckerberg intent on keeping control of the board, according to TechCrunch.

The blog also reported that “investors are now being told the company expects $550 million in 2009 revenue,” well above previous projections of up to $400 million”

Read the full article here.

Related article can be found here: TechCrunch, Blogrunner, Social Median, Seeking Alpha, Dintz,

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RGE recently pubsliched a lengthy article on what needs to happen to save tu US banking system. It makes for a good read and I highly recommend it.

“Many important US banks are currently in a dangerous halfway house between public and private, fragile and failed. This is unprecedented in scale, but not in situation. The United States faced a very similar problem with our Savings and Loan crisis of the mid-1980s, Japan and Sweden had systemic banking crises during the 1990s, and a host of less advanced economies have suffered from this type of problem.”

It continues…

“The ongoing accumulation of nonperforming loans and the resulting continued decline in solvency of many American banks has been a significant drag on growth and will only get worse absent government action. Properly capitalized banks will face losses from the recession no matter what, but will not roll over bad loans because they would have enough of their own capital at risk and can bear the costs of writing off bad loans. The costs to the US economy of leaving its financial system undercapitalized are enormous in terms of lost growth, missed investments in new firms and projects (due to the bias towards rolling over old loans to avoid write-offs by undercapitalized banks), and low returns on savings.

The Obama administration has announced that it will do strict examinations of the 20 biggest banks’ balance sheets starting this week. If anything close to current asset values are used to evaluate those books, and they should be, many of these banks will need public capital injections or closure. The reluctance to pull the trigger appears to be based on the fact that such forced write-offs would require the unpopular steps of another injection of public funds and/or round of closures, either way involving government ownership of those banks, a.k.a. nationalization. Failing to be so strict and leaving current shareholders and top management in control will just lead to further losses and repeated suspicions about some banks’ viability, as we saw in the stock market last week.”

Read the full article here.

Others covering this topic: Peterson Institute, Steve Lendman Blog, Institutional Partners and The BaseLine Scenario.

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Here is a worrying story in regards to investments in the cleantech sector. As the bailout programs makes their way around unfit companies, cleantech investments have taken a dive.

One may think that boards and investors are looking to cash in on this crisis before orivate equity is put up. Here is  some quotes from a IBT article posted this week.

“Cleantech companies received less than half venture capital (VC) investments in the first quarter of 2009 than they did a year ago, but the industry looks forward for government funds for recovery, according to industry analysts.

During the period through March, venture capitalists invested in 24 clean energy deals raising $227 million, a decline of 63 percent in capital and 48 percent in terms of deals compared to the same period of 2008, according to an Ernst & Young LLP analysis.

“Despite the intense challenges of raising capital during the past four months, government initiatives and corporate commitments are points of light for cleantech companies,” said Joseph A. Muscat, Americas Director of Cleantech, Ernst & Young LLP.”

A quite possible reason for this might be the government plan of putting the TARP funds to use in this sector as well.

“Government funding from the U.S. stimulus package is expected to pour more than $100 billion dollars in direct spending, loan guarantees and incentives into cleantech in energy, water and environment, Ernst & Young noted.”

Read the full article here.

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