Speaking to CNBC ahead of the 3rd annual Singapore Summit, Martin Sorrell, CEO of WPP, discusses whether the push into wearable technology could disrupt the advertising industry.» Read More
Well, the Second Chance Contestants are slaughtering the Million Dollar Portfolio Challenge finalists--when it comes to total value and % gain. The Second Chance leader is Aric Fanzmeier with a portfolio at $2,096,987.59. He's outpacing the current leader in the finals contest, Nancy Beaumont--by 57% or $764,984.19, with Nancy's current portfolio value of $1,332,003.40.
Good morning all. Here's what's happening on our finals leaderboard with three days of trading left. Nancy Beaumont--pictured left--remains in first place--even with losing almost $30K on Pacific Sunwear Tuesday. And Serge Amelyan moves back into 2nd on an almost $5K gain on Vanda Pharma, and helped by Steven Lee's $76K loss on Neurochem.
Here's what's happening with our Second Chance Showdown leaderboard. Aric Fanzmeier takes first place moving up from second predominantly on his ValueClick trade making him $171K. Ryan Darichuk moves from 3rd place to second making $48K on a 2.58% gain in Netease.com. And previous leader, Linda Gordon fell to third holding onto aQuantive and losing 0.11% on its decline Monday.
Good morning. Chinese gaming stocks are in the spotlight Monday as The9 propelled Nancy Beaumont to the top of the pack on its 10.31% gain. The9 was up on the news that Electronic Arts agreed to buy a $167M stake in the company, and also licensed a soccer game to The9. Steven Lee managed to hold onto second even though he was all in cash after Friday's trading. He has now gone all-in on Neurochem.
Here's what's happening with the Second Chance Showdown. We have two new leaders that catapulted to the front of the pack with all-in bets on aQuantive--up 77.84% Friday. That was on news that AQNT has agreed to be acquired by Microsoft at an 85% premium. We noted in the finals post today how the top ten Second Chance Showdown leaders bought AQNT while the contest finalists, didn't. So, it's Linda Gordon in first with a portfolio value of $1,880,916.42.
When is a $3 billion company really worth $6 billion? When you're Microsoft, looking for some kind of answer to the Google online advertising juggernaut, and still licking your wounds after losing the billion-dollar bidding war for DoubleClick.Which leads us to Microsoft's mega-merger with Aquantive, offering an 85% premium to yesterday's closing price. It's a bold move, a pricey move, a move Microsoft had to make, but not surprising given what's been happening in the online advertising world these past few weeks.
It's been ten years since you've seen her on television, but now she's back. She plans on taking market share and kicking proverbial 'butt' in the category in which she's best known: syrup. Pancake syrup.
This week of TV "upfront" ad sales is arguably the most important week of the year for the networks -- they're aiming to sell 75 percent of their annual ads. Last year, that amounted to about 9 billion dollars. This year, it's expected to be roughly flat -- that's what the analysts are telling me. But considering the fact that ratings are down from last year, the price advertisers are paying per ratings point is actually inching up!
If the name Kevin Harrington doesn't sound familiar, maybe one of the hundreds of products his company's made billions selling will: The Foodsaver, The Jetstream Oven, Wolfman Jack's Solid Gold Rock'n Roll Hits, Ginsu Knives, or how about the Flowbee.
Many reporters and columnists over the last couple of days have opined that baseball teams will not hesitate to do anything in their clubhouses about beer and we’ve seen that as more teams over the past couple days have decided to rid free beer from the locker rooms.Then they tell you that nothing will likely happen in the stands because beer is a huge profit maker for the teams and beer companies spend so much money on baseball that there’s a lot of politics behind doing anything more than the symbolic gesture of keeping alcohol out of the locker rooms.
According to the Seattle Post-Intelligencer, Bill Gates confessed to searching for the estimated value of his 50,000-square-foot mansion on Zillow.com. Gates generally likes the online real estate site, which launched with the help of some former Microsoft execs. But he says Zillow's "algorithms for figuring out prices don't scale very well to the low end or the very high end."
Before the shoe drops -- as in if Kevin Durant, the potential number one NBA draft pick, picks Nike or adidas -- we've learned that Durant has signed an endorsement deal with Upper Deck. The sports card and memorabilia company will market Durant in all of its 2007-08 products, and on its packaging, and will unveil a line of autographed Upper Deck Authenticated items.
Summit Entertainment, a new studio launched two weeks ago with $1 billion in financing led by Merrill Lynch, just unveiled its slate of new development projects -- nine that will go into production this year -- with two films going into production this summer. The plan is to release ten to 12 films a year through its domestic pipeline, and they're not wasting any time.
In TV's worst spring in recent memory, an alarming number of Americans drifted away from television the past two months: More than 2.5 million fewer people were watching ABC, CBS, NBC and Fox than at the same time last year, statistics show.
There's way too much to talk about today, but I'm leading it off with the Jim Stewart 400 because I think the folks at Diageo have been shortchanged because of the fight and the Derby -- and maybe even the Mavericks getting schooled.If you haven't heard about it, the NASCAR Nextel Cup race this weekend is actually named after a fan. The folks at Diageo, who bought the race for their Crown Royal brand, had an essay contest in which 15,000 fans wrote in their favorite life moment worthy of toasting with the drink.
"Spider-Man 3" is breaking records, and it hasn't even opened in the U.S. yet; it premiered in Tokyo in April, and opened in 16 Asian and European countries on Tuesday, bringing in $29 million dollars on its first day alone.Throughout Asia, the film opened bigger than the first and second films in the series; in some countries, it out-grossed the combined opening day of Spidey 1 and 2. And in some countries, the movie broke records for the biggest single-grossing day ever.
Consumer privacy groups Friday sought to derail Google's $3.1 billion deal to buy online ad supplier DoubleClick, filing a complaint with U.S. regulators to block the merger on privacy grounds.
Do you know someone at Google? Make sure they're buying lunch today. Or dinner tonight. A day after the company crushes estimates, pundits and prognosticators are firing up their crystal balls and trying to get a beat on what's coming next from the internet search giant. The numbers from the company are simply staggering. I said on the air last night that Google may have been swinging for the fences, but the ball sailed into the parking lot and smashed a car's windshield.
Every year the TV networks gather with advertisers at Radio City Music Hall in New York in mid-May. The TV nets trot out their new shows, trying to lure advertisers with big parties and big promises of big hits, everyone hoping to hit the next "Friends." NBC starts off the upfronts on May 14 and I'll be there.
WPP Group, the world's second-largest advertising company, said on Friday its first-quarter like-for-like revenues increased 4.3 %, reflecting the strong global economic environment.