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Thursday, May 3, 2012
Confirmed: Facebook Prices Shares At $28 To 35, Raising $5 To $6.3B
Facebook just posted a new amendment to their IPO filing. The company is selling 180,000,000 shares of Class A common stock and is pricing them at $28 to 35. That means they’re raising between $5 and $6.3 billion.?On top of that, existing shareholders are selling?157,415,352 shares. Here’s the excerpt: Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share. This confirms the earlier pricing that we posted about today. We had a more specific range than The Wall Street Journal or The New York Times, saying the price was at $27-35. We were off by a dollar, but they said ‘high 20s to mid 30s’ in their original stories. There’s one more specific thing that’s new in the filing. It’s about the Yahoo patent lawsuits, for which Facebook had to spend more than a half-billion dollars to pick up patents from Microsoft. Here’s what Facebook said:?”Yahoo could in the future assert additional patent or other claims against us in this or in other proceedings. For example, we received a letter dated April 23, 2012 from Yahoo indicating that they believe 16 patents they claim to hold ?may be relevant? to open source technology they allege is being used in our data centers and servers. Yahoo has not threatened or initiated litigation with respect to matters described in this letter but it may do so in the future.” They responded: “Yahoo’s letter takes aim not just at Facebook but at open source and energy-efficient green technologies developed and employed by countless innovative, forward-thinking companies and engineers. We’re defending vigorously against Yahoo’s current lawsuit, and would likewise do so against any new assertions.”
Sony unveils its first Ultrabook, the VAIO T13 / T11
Finally escaping its plate glass prison at CES, Sony's unveiled its first Ultrabook, the VAIO T13 and T11. It's set for release next month and currently packing a Sandy Bridge Intel Core i3-2367M processor (no third-generation processor just yet), within a 323mm-thick frame that weighs in at around 1.6kg for the 13-inch version. Storage is a hybrid of a 320GB HDD and 32GB SSD, which promise to juggle fast start-up times with capacity, while a HD web cam beams out from above the 13.3-inch (1366 x 768) display; no word on the res of the 11-incher. There's 4GB of DDR3 memory with Intel's own HD Graphics 3000 on the side and Sony reckons you'll be able eke out up to nine hours from its SSD model. Other connectivity options include Bluetooth 4.0, HDMI output, and USB 3.0 and 2.0 ports. Interested? Then hit up the full gallery of Sony's new Ultrabook below, with a press release thrown in after the break for good measure.
Continue reading Sony unveils its first Ultrabook, the VAIO T13 / T11
Sony unveils its first Ultrabook, the VAIO T13 / T11 originally appeared on Engadget on Wed, 02 May 2012 03:21:00 EDT. Please see our terms for use of feeds.
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Microsoft breaks down Windows 8's Media Center upgrade path, Dolby codec support
Many in the Windows Media Center community were afraid that Windows 8 would mark the end of Media Center, while others thought it would be like Notepad -- present, but unchanged. In the end both were wrong as Microsoft announced Media Center would be available as an add-on to Windows 8. Until now though, we didn't know exactly how that process would work. Steven Sinofsky outlined on the Building Windows 8 blog how users will be able to use Add Features to Windows 8 in Control Panel and purchase the same great Media Center experience that was included in Windows 7 Premium and Pro. The price is still unannounced but is expect to be "in line with marginal costs" -- whatever that means. The price paid will cover the royalties for the required codecs to support broadcast TV and DVD playback (DVDs still won't play in Media Player). One codec that will be supported in all version of Windows 8, but will require the computer maker to license the codec directly, is Dolby Digital Plus. So yeah, something else that was included in Windows 7 for free. We're glad it's there, but wish we'd get something new for the new premium price. Like most, we'll probably hold on to our Windows 7 HTPC a little bit longer.
Continue reading Microsoft breaks down Windows 8's Media Center upgrade path, Dolby codec support
Microsoft breaks down Windows 8's Media Center upgrade path, Dolby codec support originally appeared on Engadget on Thu, 03 May 2012 20:21:00 EDT. Please see our terms for use of feeds.
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RIM Officially Opens BlackBerry 10 To Developers, Greets Them With Dev Alpha Devices
RIM has caught plenty of flack these past few months, thanks to (among other things) a multi-day global outage, disappointing PlayBook sales, and a dramatic management shake-up. Beyond all of this, the news that their next-generation BlackBerry 10 operating system wouldn't see the light of day until the latter parts of 2012 seemed like yet another nail in RIM's coffin. But the beleaguered company is trying to move past all of that at BlackBerry World. While we regular folk still have months to wait until the first BB10 products make it to store shelves, RIM has just officially opened up the BlackBerry 10 platform to developers at BlackBerry World, starting with the release of their BB10 beta development toolkits and the BlackBerry 10 Developer Alpha device.seal team 6 patrick witt leprosy tampa bay buccaneers birdman whip it gabby giffords
Wednesday, May 2, 2012
Apple tells developers they can generate more revenue with iAd, now serving rich media to iPad
Apple has sent out a new email to developers to promote their still struggling iAd platform, and advise about revenue generation possibilities and new rich media ads for iPad.
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