Friday, January 20, 2012

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VC Investing Soars 22 Percent To $28.4B In 2011, Internet Sector Reaches Highest Levels In A Decade

Jan 20, 4:59AM

vc=VCs poured significantly more money into deals in 2011, according to a recently released MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. Venture capitalists invested $28.4 billion in 3,673 deals in 2011, an increase of 22 percent in dollars and a 4 percent rise in deals over the prior year. The amount of venture dollars invested in 2011 represents the third highest annual investment total in the past ten years. In terms of the fourth quarter, investments in the quarter totaled $6.6 billion in 844 deals, which is actually a 10 percent decrease in terms of dollar amount and an 11 percent decrease in deals from the third quarter of 2011 when $7.3 billion went into 953 deals.


Damning Evidence Emerges In Google-Apple "No Poach" Antitrust Lawsuit

Jan 20, 3:01AM

Google Apple AntitrustNext week a class-action civil lawsuit will be heard in San Jose to determine if Google, Apple, Pixar, Lucasfilm, Adobe, Intel, and Intuit conspired to eliminate competition for skilled labor. In anticipation of the hearing, TechCrunch has discovered evidence from the Department of Justice's investigation in 2010 which was made public this evening for the first time. It appears to support the plaintiff's case that the defendant companies tried to suppress employee compensation by entering into "no poach" agreements.


Microsoft Girds Itself For Windows 8 Battle And Beyond

Jan 20, 2:59AM

BattleofIssus333BC-mosaic-detail1Microsoft's quarterly earnings statement didn't have any big surprises. It was generally good news: record total revenue, growth in many key sectors, big sales in Xbox, 525 million total Windows 7 licenses sold, and they even seem to be losing a little less money in the Online Services area. But all that is a side show. 2011 was a big one for Microsoft in mobile (at least, big in that they took major actions), but for their core businesses it has been a hold-steady year. 2012 will be an adventure. Windows 8 is Microsoft's next big thing. And trends suggest that by the time Windows 9 comes around, things in the personal computing industry may look a lot different. The way they handle this next phase will set the stage for the inevitable "post-PC era" changes.


Of Course iPads Belong In Classrooms — It's All About Balance

Jan 20, 2:43AM

ibooks 2"iPads And Digital Textbooks Don't Belong In Classrooms Yet"? What a headline. Alas, it doesn't quite do the post justice; Matt actually raises a few valid points on the potential woes of digitally assisted learning, but they're lost under a headline that (falsely) paint him as some sort of luddite. iPads absolutely have a place in the classroom. It's just a matter of finding a balance.


Sheryl Sandberg on Facebook Culture: It's in the Posters

Jan 20, 2:18AM

valley girlFor the latest episode of her Valley Girl web show, Jesse Draper (daughter of venture capitalist Tim Draper) managed to score an interview with Facebook COO Sheryl Sandberg. For the first half of the interview, Sandberg talks about her work-life balance and her desire to see women in high-profile executive roles — it's engaging and informal, though it largely covers the same ground as the New Yorker's profile of Sandberg last year.


SOPA Protests Sway Congress: 31 Opponents Yesterday, 122 Now

Jan 20, 1:37AM

Congress On SOPA DoneYesterday the Internet the internet cried out in protest of SOPA-PIPA, and congress heard us loud and clear. At the beginning of Janaury 18th, there were 80 members of congress who supported the legislation, and 31 opponents. Now, just 63 support SOPA-PIPA, and opposition has surged to 122, according to ProPublica. Now lets look at the breakdown by House, Senate, Democrat, and Republican, and see if there's enough opposition to defeat the bills. Currently there are still enough stated supporters for PIPA to pass in the Senate...


Does Google+ Really Have 60% Daily Engagement? Probably Not

Jan 20, 1:28AM

Vic Gundotra - Google+With 90 million users, it would seem that things are going quite well for Google+. Those numbers don't mean much without context, though. Google+'s Vic Gundotra seemingly providedsome of that context by posting an image that said "over 60% sign in daily" and "over 80% sign in weekly," but it looks like Google is being rather vague about whether this means that 60% and 80% of Google+'s total users sign into Google+ or if they sign into Google (or if it means something completely different instead).


Pulse Jumped From 1 Million To 11 Million Downloads In 2011; Now Seeing Download Every 2 Seconds

Jan 20, 1:24AM

screen-shot-2011-11-15-at-11-05-20-pmIn November, Amazon began shipping its new Kindle. At the time, even though reactions were varied, though Amazon hoped for the best, as some projected it would sell as many as 5 million by the end of 2011. Though the indications are that it didn't get there. However, the media hype and early Kindle sales have still been a boon for a young startup that you're probably by now familiar with: Pulse.


Does Google Have An Interest In Pinterest?

Jan 20, 1:05AM

Screen Shot 2012-01-19 at 4.42.57 PMI've spent about a week trying to track down the rumors that Google had expressed interest in a Pinterest acquisition and here's what I know thus far (here's where to email if you know more): So Google never gave an official offer to grid bookmarking service Pinterest, but the desire to do was expressed (somehow?) indirectly, with a price in the "hundreds of millions" according to multiple sources. This makes sense, as Google wanted to buy Path for $200 million before it had any users. Pinterest has a bajillion users.


Mozilla's Anti-SOPA Message Reached 40 Million People

Jan 19, 11:28PM

Mozilla BlackoutBy blacking out the default Firefox start page and using social media, Mozilla reached 40 million people with its anti-SOPA/PIPA message. According to a stats wrap-up just posted to the Mozilla blog, 30 million people in the US saw the start page's call to action, 1.8 million visited its mozilla.org/SOPA info page, and the effort generated 360,000 emails to Congress. Here's how it stacked up against the impact of Google and Wikimedia's protests:


Anonymous Reacts to Megaupload Takedown With "Largest Attack Ever"

Jan 19, 11:18PM

anonymousHacker group Anonymous isn't happy about the takedown of file-sharing site Megaupload, and as a result, it's targeting some big companies and government agencies are going to Earlier this afternoon, interspersed with a stream of anti-SOPA and PIPA tweets, Anonymous the main Anonymous Twitter account declared, "The government takes down #Megaupload? 15 minutes later #Anonymous takes down government & record label sites. #ExpectUs." Specifically, the group claimed responsibility for taking down the Universal Music, RIAA (the record industry's lobbying arm), and Department of Justice websites, among others. As of 3pm Pacific, the sites were still down for me, although some comments on Twitter suggested that they were returning online sporadically.


Google Commerce Starts The Year Off With A Reorganization

Jan 19, 11:11PM

Google-WalletSome of Google's core product areas, like search and YouTube, have the enviable duty of retaining market dominance. Others, like its Android mobile operating system, get to be the free-wheeling disruptor. Google Commerce, meanwhile, has the perennial chore of trying to gain ground versus a vareity of well-established payments competitors ranging from PayPal on the web to Apple's iTunes and Amazon on mobile. So, it's not that surprising to hear about a reorganization within the commerce area as Google tries to figure this space out, as we and others did yesterday. Stephanie Tilenius, one of the two executives that Google poached from PayPal a couple years ago, has been moved to the side, according to two industry sources I've spoken with.


iSuppli Agrees With IDC, Gartner: Windows Phone To Surpass iOS By 2015

Jan 19, 10:22PM

OLYMPUS DIGITAL CAMERANobody wants to give Windows Phone a chance except for Robin and a whole bunch of analysts. Back in September, IDC and Gartner predicted that Windows would overtake iOS for the number two spot in the market by 2015, and Windows Phone head of marketing Achim Berg called that prediction conservative. Now iSuppli has joined in, predicting that Windows Phone will grab a 16.7 percent market share by 2015, while Apple's market share is expected to decline from 18 percent to 16.6 percent in 2015.


Larry Page: Display Advertising Is A $5 Billion Business

Jan 19, 9:59PM

Larry Page EarningsThe engine of Google's business is search advertising, but its display advertising business is becoming a very large business. During today's earnings call, CEO Larry Page that Google's display advertising business is at an "annualized run rate of $5 billion." That doesn't mean that $5 billion of Google's $38 billion in revenues in 2011 came from display advertising. It means that if you annualize the display advertising revenues in the fourth quarter, you would get $5 billion.


It's Still Funny, But It Might Not Be A Joke: Jotly Arrives On Android

Jan 19, 9:55PM

jotlyI'm beginning to think the team at Firespotter Labs are marketing geniuses. Prior to launching their new iPhone app Jotly (you know, as a joke), they released a hilarious video featuring a "fake" app by the same name. In the video, a guy goes around rating things like parking meters, hiding spots, ice cubes, and a beer in the alley that was left in the sun (F-, if you're curious). The video was meant to be a parody of our mobile/social app obsession, and perhaps our culture's tendency towards over-sharing. It also was strikingly similar to Kevin Rose's Oink, which launched soon after. But here's the thing: Jotly is no longer a joke. The company (also the maker of Nosh), has just released the Android version of Jotly. And an API, too.


250 Million Android Devices Activated, 11 Billion Apps Downloaded

Jan 19, 9:45PM

Android ArmyWe're tuned in live to Google's Q4 2011 earnings call, where they've just disclosed a few details they left out of this morning's big ol' data dump. Amongst them: a progress update on Android's growth.


Live-Blogging The Google Q4 2011 Earnings Call

Jan 19, 9:33PM

Screen Shot 2012-01-19 at 3.05.23 PMWe're live and listening.... A bunch of the execs are on. You can also follow along here.... Everything below is paraphrased.  Chief executive Larry Page: Good afternoon everyone. Google had a very strong quarter with revenue up 25% year over year...


Google Comes Up Short In Q4 Earnings

Jan 19, 9:18PM

Screen Shot 2012-01-19 at 4.13.50 PMGoogle has just released its Q4 2011 results, and they didn't live up to Wall Street's expectations. Wall Street's consensus for the quarter was $10.49 in non-GAAP earnings per share and $8.40 billion in revenue. Google missed on both counts, with EPS of $9.50 and net revenue of $8.13 billion. Google shares are down around 10% in after-hours trading.


IBM's Q4 Revenue Up 2 Percent To $29.5B; Net Income Up 4 Percent To $5.5B

Jan 19, 9:17PM

ibmIBM just released fourth quarter and fiscal year 2011 earnings today. Non-GAAP earnings came in at $4.71, up 11 percent; GAAP earnings per share were $4.62 per share (up 11 percent) for the quarter. Net income for the quarter was $5.5 billion, up 4 percent for the quarter, with revenue coming in at $29.5 billion, up 2 percent from the previous year. Analysts expected earnings of $4.62 a share on revenue of $29.7 billion. So basically, sales missed but profits beat expectations. Revenues from the Software segment were $7.6 billion, an increase of 9 percent. But revenues from IBM's hardware systems and technology segment totaled $5.8 billion for the quarter, down 8 percent from the fourth quarter of 2010.


Microsoft Reports Record Revenue: Up 5% To $20.9B, Earnings At $0.78 Per Share

Jan 19, 9:05PM

Screen Shot 2012-01-19 at 12.58.05 PMMicrosoft just reported its second quarter 2012 earnings with record revenues of $20.9 billion, an 5% increase from the same period of the prior year. The previous record, as far as I can Bing Google, was 19.95 billion in quarter 2 of 2011 (another holiday season). Microsoft's operating income, net income, and diluted earnings per share for the quarter were $7.99 billion, $6.62 billion, and $0.78 per share, compared with $8.17 billion, $6.63 billion and $0.77 last year.



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