Tag Archives: 100 Million

Dropbox Acquires Mailbox

Dropbox Acquires Mailbox

Dropbox, the most popular cloud storage company is now moving to make their business get even more bigger. They are not just a company that sticks to the cloud and syncing business, they do have ambition and not just a small ambition, a very big ambition that wants to be in every internet users center of online needs or apps. To make this happen, the cloud storage company acquired the owner of the Mailbox app, Orchestra.

The question now is how much did it cost for the San Francisco-based company to acquire Orchestra? According to various sources gathered across the internet, other say about $50 million, and another source said that the deal was close to $100 million.

Dropbox is said to have a value of $4 billion and is now an aggressive acquirer of small business. They might just get huge in the near future if they keep on acquiring respectable companies like Orchestra.

Dropbox Acquires Mailbox

Mailbox owner, Orchestra, just raised a $5.3 million from fundraisers such as CrunchFund, etc. and was valued somewhere from $15 to $20 million. If the $50 million deal is true, it’s quite a good return for the investors already, how much more if it’s really close to a hundred million? and Orchestra is not that near yet in becoming a legitimate business.

iPhone 5 sales with Cricket Wireless not impressive

iPhone 5 sales with Cricket Wireless not impressive

Cricket Wireless selling iPhone 5 seems not popular.

Sales of iPhone 5 with Cricket Wireless is not that high as it is expected by the carrier. The smartphone sales at $500, however there is no agreement involved for this.

iPhone 5 has raised high expectations when it comes to sales. But so far, Leap Wireless is not convinced by this. For now, a prediction of $100 million worth of unsold stock is presented come this summer. On a previous 10-SEC filing, the carrier is anticipated to sell about half of its expected devices.

In 2012, the carrier signed a pledge with the iPhone maker, Apple Inc. for three years. Last month, Cricket begun marketing its smartphones. As included in the contract, Leap will have to acquire a lot of Apple phones even if they do not sell them.

iPhone 5 sales with Cricket Wireless not impressiveMoreover, Leap justifies that with the existing rate of their purchase, the company is projecting that they will buy roughly one-half of their first-year minimum purchase commitment until June of next year. He further added that if Apple will be requiring Leap to meet the yearly minimum commitment in each of the contracted three years, then their estimations would be to require a purchase of roughly $100 million of added iPhones in the middle of 2013.

The probable choices comprise of financing or leasing programs, wherein it would spread out the payments over a monthly-basis payment.

The company also considers to lower the iPhone 5 price.



Apple and Samsung still top leaders in the mobile market

Apple and Samsung still top leaders in the mobile market

The top two tech giants are on the headlines again.

Apple has cut down screen orders for its newest iPhone 5 due to weaker sales compared to its previous models, while its biggest competition, Samsung has sold about a hundred million units of its Galaxy S device, a sign that the two may be changing their lucks in the mobile industry.

Apple has nearly ordered about half of its order of the liquid-crystal display panels from its major suppliers. According to a Japanese newspaper, the tech giant has told its suppliers LG Display, Japan Display, and Sharp that it will require fewer screens. This is after the recent request of as much as 65 million units for January to March.

One of the biggest iPhone supplier, Japan Display, is expected to lessen its output for a short period of time only betwen sevent and eighty percent.

The iPhone maker has been the dominating company in the smartphone market ever since the launch of iPhone in 2007. However, Samsung has grabbed a hold in latest years with the launch of its Galaxy S series in 2010.

In 2012, Samsung’s newest model Galaxy S III has helped the company to outstrip Apple in becoming the top selling smartphone maker in the world.

Galaxy S series’ sales have reached up to 100 million within almost three years, which is considered faster compared to Apple’s iPhone sales that took almost four years.

Both Samsung and Apple are benefiting from the mobile bang as consumers select tablets and smartphones compared to personal computers or traditional desktops.


Apple and Samsung still top leaders in the mobile market


Cray Inc.

New Replacement for New U.S. Supercomputer Project

Cray Inc.The University of Illinois states Seattle-based Cray Inc. is going to take over development of the delayed $300 million Blue Waters supercomputer job, 3 months just after IBM brought out citing expense and technical issues.

Cray wants to get the computer online the coming year, maintaining the project, which happens to be being mainly paid for by the National Science Foundation, on target to complete in time.

“We clearly had to do it real quickly,” according toThom Dunning, the director of National Center for Supercomputing Applications. “NSF’s goal was to keep the project on track as much as it possibly could be.” he added.
The price and funding will remain basically the same, Cray CEO Peter Ungara stated. The NSF will supply approximately $200 million with all the remaining $100 million from the university as well as the state of Illinois. Cray is going to be paid $188 million, the same as about 50 % of of its overall income from the latest fiscal year.

“This is a transformational contract for the company,” according to Ungara. “It’s a very big deal for us. It’s a huge contract based on the size of the company and we couldn’t be more excited about it.”
The structure and scope of what Blue Waters will be able to do in the coming years will change, he also added.

As soon as it’s completed, the supercomputer is going to be utilized for numerous projects, like the study of how tornadoes are created and the way viruses get into cells.

twitter users

Twitter Announces 100 Million Users

twitter usersFrom Twitter’s San Francisco Office, Dick Costolo said that more than half of 100 million users of the site log’s in every day. He also added that 40% of the users just read the tweets from their friends without tweeting themselves.

Twitter, the most popular microblogging social network boasts that it now generates more than 5 billion posts or popularly known as “tweets” each month, the site also gets 400 million unique visits each month and claims that half of the active users are using their mobile phones to tweet.

Illustrating Twitter’s growth, the company mentioned some politicians, celebrities, and sport icons that use the service. Twitter also revealed that 40 percent of the British MP’s are using twitter, together with 35 of the Britain’s police forces and 396 British Olympic players. Even the TV networks, radios, and online media is there too.

In the past few weeks or even months, Twitter seems to be in the middle of every news. It includes Louise Mensch MP that complained of threats from hackers because she suggested shutting down of Twitter in times of unrest, also Jonathan Agnew, a cricket commentator also spoken about the abuse of from the Indian cricket fans during the summer’s test series.

On the other hand, police forces are also using Twitter to communicate better with the community that they are serving. Even farmers are on Twitter too, tweeting about the awareness of the problems in their industry.

Skype Purchases GroupMe

skypeAs Skype waits for its $8.5 billion acquisition by Microsoft to go through, it is been indulging in a small shopping of its own.

Yesterday it was announced that it is to take over GroupMe, which gives a mobile group messaging service that can assist Skype competitor Google+’s Huddle feature, FacebookMessages or iMessage of Apple.

GroupMe was founded just last year, allows users to make conference calls and free text messages with different circles of friends or coworkers, from a single contact to a broadcast over Twitter of Facebook.

Its app is free of charge and works across all platforms; the company says it presently carries around 100 million messages each month.

Tony Bates, Skype CEO says, “The GroupMe team has created an incredibly sticky group messaging experience that works across mobile devices and platforms, making this a perfect addition to the voice, video and text products in the Skype family.”

He adds, “This latest acquisition, coupled with our acquisition of Qik earlier this year, augments our role as an innovator in driving unique mobile user experiences.”

The terms of the agreement were not revealed, even though analysts suggest it is somewhere in the $50 to $80 million series. GroupMe’s 20 employees will join Skype, but remain in the New York office; the company’s app will remain separate from Skype for the time being, even though the two will be integrated at some point in future.

Microsoft announced in May that it was to buy Skype.  The agreement has been accepted by the US, though has not so far acknowledged the advance from international regulators.


Google Clarifies Sun Microsystems Partnership Rejection

sun_microsystems_-_useThe lawyer of Google stated that in 2006 Google refused to sign a US$100 million contract with Sun Microsystems as payment in royalties to use Java in building then new operating system, Android, before Oracle got the bankrupt company with the programming language’s patents and copyrights.

Robert Van Nest, Google attorney, clarified the accusations concerning the search giant’s US$100 million proposal in 2006 to join forces with Sun Microsystems, informing that the agreement was for a tech partnership to build Android together, not presently for Java copyright licensing.

For the moment, a court decided business software giant Oracle authorization to allow Google CEO Larry Page confirm on his understanding of the dead deal that currently induced a copyright violation case against his company.

Redwood City, Ca-based Oracle is expecting to receive over US$6.1 billion in damages from Google, alleging the latter generated Android while infringing Java patents and copyrights.

Google opposed and inquired District Judge William Alsup to abandon underestimated price of damages of Oracle.