Former FCC chairman Reed Hundt supports regulating the internet like a public utility and sees it as a common medium of communication as the telephone once was.» Read More
At this point, most every business observer seems familiar with the anonymous Web antics of Whole Foods Market CEO John Mackey. While corporate-law experts debate the legality of his acts, investors are asking what it all means for the company's value. Andrew Wilkinson, senior market analyst at Interactive Brokers, joined "Power Lunch" to offer the options market's view of Whole Foods.
From the Allen Conference in Sun Valley, Idaho: I just spoke with Sergey Brin who, when asked if Google is interested in acquiring facebook, said " we don't look at companies for acquisition unless they are really interesting.". Then he said that while he thinks the company is interesting he said: "I think they are doing well on their own." He also said google wouldn't go after Facebook unless they came to "talk to us." And it sounded like they certainly haven't approached them yet.
CNBC asked billionaire dotcom entrepreneur Mark Cuban, owner of the NBA's Dallas Mavericks and author of his own blog, to comment on the revelation that Whole Foods CEO John Mackay had anonymously posted comments about his company and its arch-rival on a Yahoo message board.
An amorous entrepreneur who created a "virtual bed" featured in Second Life, a Web site in which users can build their own Internet lives, is suing an unknown user for allegedly "stealing" the bed for his or her own virtual sexual fantasies. The lawsuit for copyright infringement is "inappropriate and unfair," said Andrew Langsam, an intellectual property lawyer at Pryor Cashman. He joined "Power Lunch" to talk about the nature of cyber-play.
It's almost impossible to get lost in Olathe, Kansas. Why? Because that's the home of global positioning system (or GPS) giant, Garmin. The publicly-traded Garmin, founded in 1989 by Gary Burrell and Dr. Min Kao (Gar, as in Gary, Min as in Min, make 'Garmin') one of the fastest growing 'personal technology' companies in the world.
Averting a looming court battle over how it has been handling the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
Have you been the lucky recipient of one of those overseas emails seeking "help" in locating some missing millions or "advice" in investing a bazillion dollar windfall? The writer is always looking for a nice, honest American--like me. They clog my inbox at work no matter how many filters I put up. Now someone is writing back. Tony Phillips is doing via email what some of us used to do on the phone in the pre-"do not call" days--talk a telemarketer to death in a fiendishly circular conversation.
After all the hubbub about Live Earth, it wasn't quite the worldwide phenomenon everyone was hoping. I had intentions of watching the concert, but ended up spending time outside enjoying the lovely summer weather. The estimated 2.7 million viewers fell short of the 3 million viewers NBC usually draws on summer Saturday nights with repeats and Stanley Cup Hockey.
The controversy over just what the U.S. Supreme Court's ruling on Leegin v. PSKS means is still fueling debate. Hedda Schupak, Editor-in-chief of Fine Jewelry publication JCK wrote in with her impression on just what the ruling will mean for high end retailers. She seems to think that price-flooring has been going on for a long time and that the new ruling won't change those practices that drastically.
Google said on Monday it has agreed to buy Web-based security provider Postini for $625 million, expanding its package of online applications to compete with Microsoft's Office.
On the eve of the big (though decidedly more intimate) Electronic Entertainment Expo (E3) next week in Los Angeles, Microsoft drops a bombshell: all those bloggers complaining about the hardware crashes on Xbox 360 were heard in Redmond, Washington. Microsoft will set aside between $1.05 and $1.15 billion dollars to cover a new, 3-year extended warranty program to cover repairs for the device.
Tomorrow, the NBC Universal Family brings us Live Earth--with a three hour primetime special on NBC, plus 18 hours of coverage of Bravo and seven hours on our very own CNBC. Plus coverage on all sorts of other channels in the family--including Telemundo, Mun2, Universal HD, and the Sundance Channel. A sign of the power of the Live Earth message, NBC has attracted some top-notch (huge and influential) advertisers--General Motors, Apple, and American Express.
First of all, let me be clear: If you're not reading valleywag.com and think you're following Silicon Valley, you're sorely misinformed. Valleywag is a must-read for anyone trying to get the real, behind-the-scenes story of what's going on around here. They're snarky, fun, creative, connected, and can't wait to spotlight the embarassing, the unfortunate, the inaccurate, the bluster and the misguided spin. And they're usually pretty good about accuracy.
Did you catch NetSuite's $75 million initial public offering filing? Maybe not, since it's a relatively tiny company, not profitable, and not looking to raise all that much. Ahh, but read the S-1 filing and you get a better sense of the drama playing underneath the paperwork. And that makes this a fun little story during an otherwise slow news week (with the July 4th holiday, post iPhone madness, etc.) Turns out that a company called Tako Investments owns a 74% stake in NetSuite.
Hard to believe, but not everyone is buying an iPhone. In fact, 290 million Americans are probably going to take a pass. People like, well, you? Certainly people like LA commodities trader Ed Frank, who jokes, "What's an iPhone?" Frank's own cell phone gets stares, not because it's new, but because it's OLD. Really old. It's a Motorola StarTAC, which he bought nine years ago! In the last century.
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
As far as the WWE is concerned, Chris Benoit never existed. That's because they've taken the wrestler who killed his wife and son before killing himself off their Web site. A page that used to be his bio reverts to the current front page of the Web site, as does every major article written on his successes. Strangely, out of all the clicking I did Sunday night, the WWE still has its Benoit tribute piece up on the site. They've also pulled all the Benoit merchandise off the site. When you search for Chris Benoit on WWEShop.com, it comes up discontinued.
The media world loves to get revved up about elections and this year the issue is voter registration. Norman Lear is spearheading a campaign called "Declare Yourself." And no surprise, Lear, perhaps one of the most successful television writer/producer in TV history, is using his contacts and his expertise, turning TV humor into a tool. He's gotten two of the stars of "Reno 911" to create four videos to get what they're calling "the target demographic" to vote.
Apple’s iPhone has the potential to change everything in the handheld market, but won’t instantly turn competing devices into antiques, making them candidates for the Smithsonian.
Apple’s iPhone could change everything in the handheld market, but even competitors are likely to ride the tidal wave of enthusiasm for the device. The lines of customers clamoring to buy the iPhone this Friday will be “staggering,” predicts Kevin O’Marah, an analyst at AMR Research. But he expects Apple’s rivals to respond quickly, which could reinvigorate the telecommunications industry.