THE BUSINESS OF TECHNOLOGY
By MATT GALLAGHER, Red Herring journalist As NTP Software’s CEO Bruce Backa is fond of saying: “The business of file data management may not be as sexy as Google or Facebook, but like death and taxes you can’t get away from it.” Luckily now you don’t have to. Thanks to NTP’s Universal File Access, a product the company debuted this week, file … [Read more...]
In a further sign of economic rebound, the US stock market surpassed pre-recession levels for the first time, hitting a pace this year that puts it on track to reach the heights achieved just before the financial crisis. So far this year, 64 companies have raised $16.8 billion, the Wall St. Journal reported, citing Dealogic data. In the same … [Read more...]
Ouya, a Los Angeles-based startup whose Android-based games console attracted a lot of attention, not to mention money, from a better than anticipated Kickstarter campaign, recently raised $15 million, this time from venture capitalists. Led by Kleiner Perkins Caufield & Byers, the round included participation from the Mayfield Fund, Nvidia, … [Read more...]
The Pentagon directly accused China of hacking US computer systems to gain access to its military technology. The accusations were part of an 83 page report to Congress on China’s military activity. It is the first time the US military has directly accused the Chinese government of cyber espionage activities into its computer systems. It is the … [Read more...]
by MATT GALLAGHER, Red Herring journalist A US military contractor, whose UK parent is a spinoff of the actual government lab that inspired Q in James Bond thrillers, has been the source of a massive Chinese hack, Bloomberg reported. Bloomberg reports that QinetiQ’s North American division’s systems have been hacked by Comment Crew, a team of … [Read more...]
Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million in total revenue, or 5.97 billion RMB, but missed analyst pre-estimates of 5.99 RMB. Its net income increased 8.5 percent to $328.9 million but … [Read more...]
Netflix topped expectations with its first quarter revenue report this year, earning $1 billion in quarterly revenue and surpassing HBO’s user base with 29.2 million subscribers. Though HBO does not publish customer data, the research firm SNL Kagan estimated that the cable channel had 28.7 million subscribers at the end of 2012. As the New York … [Read more...]
The China Internet Network Information Center released some startling figures on the growth, size and potential of China’s ecommerce market. The sector earned more than 1.2 trillion RMB ($190 billion) in 2012. That’s a 66.5 increase over what it made the year before. And with 242 million Chinese Internet users purchasing goods last year in a … [Read more...]
Apple has acquired WiFiSlam, an indoor GPS startup that can pinpoint a smartphone in real time within 2.5 meters of accuracy. The move bolsters the company’s shoddy map product and makes it more competitive to Google Maps, improves indoor GPS mapping capabilities and will likely eventually create new mapping functions, such as the ability to … [Read more...]