News Byte

One Hour of Tim Cook’s Time Worth $610,000 to Rights Group

A mystery bidder has shelled out more than half a million dollars to win a charity auction for an audience with Apple CEO Tim Cook. On Tuesday afternoon, bidding for a 30-minute to 60-minute chat with Cook over coffee closed at online auction site Charitybuzz. The winning bid: $610,000 — more than 12 times the $50,000 opening price, and tying the winning-bid record for the site. Proceeds from the auction will be given to the Robert F. Kennedy Center for Justice and Human Rights, an international nonprofit founded as a memorial to the late Sen. Kennedy.

News Byte

Tim Cook Face Time on Sale (For a Good Cause)

Got $50,000 for a cup of coffee? How about $50,000 for coffee with Apple CEO Tim Cook? If you’ve got the cash and a charitable heart, then head on over to Charitybuzz where an auction is under way for coffee with Cook at Apple headquarters. Bidding, which has already reached $14,333, ends May 14th. Charitybuzz is hoping the offering will fetch at least $50,000, which will be donated to the RFK Center for Justice and Human Rights. Incidentally, if you can’t afford Cook, former president Bill Clinton is only asking $20,000.

eBay Tries Two New Ways to Sell: Drop-Off Points and Home Pick-Up

Last month, I got a close look at two of eBay’s new pilot programs. One will pick up items from your home for sale, and another allows you to drop them off at a mall.
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News Corp. Partners With Bank to Aid in Sale of IGN Entertainment Sites

News Corp. is working with investment bank Allen & Co. on an auction to sell its network of videogame and entertainment Web sites, known as IGN Entertainment, after the company’s initial sale efforts failed to produce a deal, according to people involved on both sides of the negotiations.

Kodak: Maybe We Won’t Sell Our Digital Imaging Patents

Kodak is having second thoughts; also, the auction might not be going too well.
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Kodak Patent Bidding Is Tame

Eastman Kodak Co.’s patent auction has failed to generate the premium bids that the company and creditors had hoped for, with some suitors leaving Manhattan for home in the past few days, people familiar with the matter said.

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Kodak Patent Opening Bids Come In Low

Opening bids for Eastman Kodak Co.’s digital patents came in far below the $2.6 billion the company said they could be worth, an early sign the bankruptcy-court auction may not leave much cash for the company after creditors are paid off.

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Getty Images Auction Draws Initial Bids of Around $4 Billion

The auction for a potential sale of Getty Images Inc. has progressed to the second round, with several private-equity firms putting in initial bids of around $4 billion, people familiar with the matter said.

Facebook Anti-Hype Aside, Most Consumer Tech Stocks Up Smartly for the Year

It’s a roller coaster out there.
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EBay’s Stock Jumps Thanks to Double-Digit Revenue Gains

EBay easily exceeded expectations in the first quarter, reporting double-digit gains for both revenue and income.
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Yahoo Bored Meeting? Not This Time!

Who Wants Nortel’s 4G Patents?