The world is very different than it was 10 years ago. Facebook was an infant, smartphones were nonexistent and the World Wide Web was nascent.» Read More
People, you need to start recording these on video and sending them to me...forget YouTube. Mortgage advisor Andrea S. says this song parody of Don McLean's "American Pie" came from a branch manager at a very, very big mortgage lender you may have heard of which is having trouble lately:
Jockey has decided that to sell underwear, it needs to tell you how uncomfortable underwear makes you. Follow me here. Actually, don't follow me here because I've got nowhere to go with this one. At www.stopsquirming.com, the brief-maker tries the hot-hot-hot concept of "viral marketing" by showing how people react to wedgies created by "inferior undergarments."
Amazon.com, already a giant in online consumer shopping, is moving into the grocery business. Starting this month, Amazon will start delivering groceries to a few select customers in Washington state. The eventual goal is to expand to other communities and sell food the same way it does with electronics, clothing and books.
Who said print was dead? September's issue of Vogue (owned by Conde Nast) boasts a record breaking 727 advertising pages: the most ad pages EVER published in a monthly consumer magazine. Sienna Miller graces the cover of the door-stop sized mag which is on shelves now. The oversize layout is a sign that fashion magazines are alive and kicking in a publication industry otherwise suffering from ever declining ad revenues.
With the start of the U.S. Open today, I am hereby declaring it National Ana Ivanovic day. I'm sure the government won't sanction it because she's not an American citizen, but so what? The fifth-ranked tennis beauty is playing Aiko Nakamura today in Louis Armstrong Stadium. All day on CNBC, you'll see the awesome story of Ivanovic, who could be the next force in the sports marketing world if she wins the final grand slam of the year.
Social Networking is so hot right now, Nielsen is launching a social network to FIND OUT what's hot. It's all very meta. Nielsen is launching 'Hey! Nielsen,' a social network to act as a buzztracker for what in the entertainment world is hot on the web. The idea is to tap into the wisdom of crowds--or more specifically the wisdom of the "IN crowd" who wants to be webchatting about all the hottest TV, music, movies and web videos.
Tech Check on "Closing Bell" today is a fun one. The first product I talk about is the "Panoply" from Hewlett-Packard. It's a 120-degree, curved screen that could be a gamer's heaven! HP has shown this in prototype form before, but it appears this is getting closer and closer to a real product release.
Seventeen-year-old George Hotz owns a mean soldering iron, and now he's Apple Inc. and AT&T's worst nightmare--and the source of some serious embarrassment. You see, George spent the last 500-hours of his summer vacation unlocking Apple's iPhone, the year's hottest gadget and only available to work on the AT&T network. Until now.
Leading mobile phone maker Nokia said Wednesday it would bring Microsoft's Windows Live suite of Web services, like e-mail and instant messaging, to many of its cell phones.
So UBS releases an update on Apple Inc. iPhone expectations and shareholders go wild. Tell me something I don't know! I'm sitting here in Terminal C at San Jose International Airport, reading the news on my BlackBerry, and the Apple nugget caught my attention. Apple shares have been losing altitude for weeks. $140-plus down to $112 and now clawing their way back.
YouTube is making its biggest push into video advertising on its Internet site, a key strategy by owner Google to capture an even greater share of Web marketing budgets.
When Viacom's MTV unveiled its new "Urge," online digital music destination at the big Consumer Electronics Show last year, it had all the earmarks of a major initiative. Justin Timberlake joined Van Toffler on stage during Bill Gates' keynote to unveil the service which would ultimately be tied to the then-upcoming Zune media player from Microsoft.
So is my headline true? Not really. But bloggers out there are having a field day with the Countrywide situation, capturing the mortgage mayhem in ways more creative than any no-doc, no money down, 120% Alt-A pay-option mortgage. From paper-money.blogspot.com, come the following song parodies from "Anonymous" (I promise it's not me. I'm not that clever. Not even Fake Jane is that clever.
The stories seem so bleak: The sub-prime mortgage mess threatening to torpedo the global economy and plunge this nation into recession. Yet here in Silicon Valley, something weird is going on. Sure, sales are plunging, but home prices are actually climbing! The experts call it the Silicon Valley Real Estate Paradox. The most recent figures from DataQuick show that sales dropped 11% in July; but the media price of a single family home climbed 7.4% to a record $805,000.
With a grand jury scheduled to meet Monday and Atlanta Falcons quarterback Michael Vick reportedly exploring plea options on his dogfighting charges, we're making this blog today an all All-Vick Edition: What will be Vick's legacy when all of this is over? Vick's Wikipedia entry currently has 4,570 words on his playing career (including high school, college and the NFL) and 3,030 words on his dogfighting charges.
Last week, we started a new weekly segment called TechCheck, sponsored by AT&T, that will air each Friday on "Closing Bell" in the 4p ET hour. The 60-second spot is a quick, entertaining look at some of the stories the tech community is talking about from the world of technology. Stories that I might not have a chance to get to on the air during the week, but are still worth a mention because they're interesting and/or fun.
The folks who run a song parody site called VERSUS have sent me their "song of the week." If this doesn't make you smile through the pain, well, pour yourself another scotch and then listen.
The Countrywide Investor Relations site is promoting its 2007 Investor Forum. It takes place Sept. 5-6 and includes a "Servicing Tour"at the company's offices in Simi Valley, followed by a day-long panel discussion and Q&A at headquarters in Calabasas. Discussions include a "Servicing Overview -- Managing Through Turbulent Times" and "Bank Integration and Capital Strategies."
It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.
A few hours after that sad alert went up on First Magnus Financial's home page, I received a note from a mortgage broker crony of mine. He forwarded me a note from a local First Magnus contact of his.