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	<title>AllThingsD &#187; Thomson Reuters</title>
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		<title>eBay to Stop Advertising Inside Mobile Apps: "It's Not Worth It."</title>
		<link>http://allthingsd.com/20121219/ebay-to-stop-advertising-inside-mobile-apps-its-not-worth-it/</link>
		<comments>http://allthingsd.com/20121219/ebay-to-stop-advertising-inside-mobile-apps-its-not-worth-it/#comments</comments>
		<pubDate>Wed, 19 Dec 2012 19:05:17 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[applications]]></category>
		<category><![CDATA[banners]]></category>
		<category><![CDATA[Devin Wenig]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[eBay]]></category>
		<category><![CDATA[marketplace]]></category>
		<category><![CDATA[mobile advertising]]></category>
		<category><![CDATA[mobile apps]]></category>
		<category><![CDATA[mobile commerce]]></category>
		<category><![CDATA[Thomson Reuters]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=279049</guid>
		<description><![CDATA["We aren't happy with the user experience and we don't need the money," said Devin Wenig, eBay's president of global marketplaces.]]></description>
				<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-279087" alt="ebay Devin Wenig" src="http://allthingsd.com/files/2012/12/ebay-Devin-Wenig-189x285.jpg" width="189" height="285" />EBay is ecstatic about mobile, just not about mobile advertising.</p>
<p>Devin Wenig, eBay&#8217;s president of global marketplaces, said in an interview that next year the company will stop running mobile ads  inside of its applications.</p>
<p>&#8220;We aren&#8217;t happy with the user experience and we don&#8217;t need the money,&#8221; he said.</p>
<p>This year, eBay displayed ads inside of its iPhone app as an experiment, but found that they were distracting and cluttered up the smaller screens. The ads also didn&#8217;t deliver meaningful revenue.</p>
<p>&#8220;It&#8217;s not worth it,&#8221; Wenig added.</p>
<p>Fortunately for eBay, it has options.</p>
<p>The primary way it makes money is through selling products online. Meanwhile, other media properties that are mostly supported by advertising are left dealing with the fact that ads on mobile don&#8217;t perform as well as they do online.</p>
<p>&#8220;Some don&#8217;t have an alternative business model. In this case, it&#8217;s better to be lucky,&#8221; said Wenig, who, as the former CEO of Thomson Reuters Markets, knows all too well what it&#8217;s like to be in the other camp.</p>
<p>Despite eBay&#8217;s lack of enthusiasm for mobile advertising, it is a huge promoter of mobile commerce in general, as it serves consumers wherever they want to shop.</p>
<p>The San Jose-based company <a href="http://allthingsd.com/20120924/ebays-mobile-momentum-100m-app-downloads-100m-items-listed/">announced back in September</a> that its mobile apps had been downloaded 100 million times since launching four years ago. That&#8217;s not a trivial number, given that it&#8217;s equal to the number of active users on eBay last year. Additionally, this year, eBay expects to transact more than $10 billion in mobile volume from its apps. In fact, the company <a href="http://allthingsd.com/20121213/the-prime-reason-why-amazons-sales-may-be-falling-behind-this-holiday/">just hit its biggest mobile shopping day ever</a> on Dec. 2.</p>
<p>For advertisers, this should be a reminder that there is still a lot of work left to be done to make advertising run smoothly across a range of mobile devices. EBay&#8217;s huge mobile audience should be attractive to marketers over the long term, but given that it was only conducting experiments for now, its decision to hold off on in-app advertising won&#8217;t be counted as a huge loss.</p>
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		<title>Rafat Ali 2.0: Meet Skift, the Travel Industry's Version of PaidContent</title>
		<link>http://allthingsd.com/20120730/rafat-ali-2-0-meet-skift-the-travel-industrys-version-of-paidcontent/</link>
		<comments>http://allthingsd.com/20120730/rafat-ali-2-0-meet-skift-the-travel-industrys-version-of-paidcontent/#comments</comments>
		<pubDate>Mon, 30 Jul 2012 12:50:28 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[GigaOM]]></category>
		<category><![CDATA[Gordon Crovitz]]></category>
		<category><![CDATA[Jason Hirschhorn]]></category>
		<category><![CDATA[Myspace]]></category>
		<category><![CDATA[Om Malik]]></category>
		<category><![CDATA[paidContent]]></category>
		<category><![CDATA[Rafat Ali]]></category>
		<category><![CDATA[Thomson Reuters]]></category>
		<category><![CDATA[Tom Glocer]]></category>
		<category><![CDATA[travel]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=235285</guid>
		<description><![CDATA[What do you do after you build and sell a pioneering digital media start-up? Take two years off, and start building another media star-tup.]]></description>
				<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2012/07/rafat.jpg"><img class="alignright size-medium wp-image-235289" title="rafat" src="http://allthingsd.com/files/2012/07/rafat-380x281.jpg" alt="" width="380" height="281" /></a>What do you do after you build and sell a pioneering digital media start-up? Take two years off, and start building another media start-up.</p>
<p>That&#8217;s the short version of Rafat Ali&#8217;s story. The slightly longer version: The guy who started <a href="http://paidcontent.org/">paidContent</a> in 2002, sold it to the Guardian in 2008 and <a href="http://allthingsd.com/20100521/paidcontent-founder-ali-to-depart-pioneering-digital-news-site/">took off in 2010</a>, is back with <a href="http://skift.com/">Skift</a>. PaidContent covered the business of digital media; Skift covers the travel business, with an emphasis on that industry&#8217;s digital transformation.</p>
<p>Ali has raised a $500,000 round from mediacentric angels like former Wall Street Journal publisher Gordon Crovitz, former Thomson Reuters CEO Tom Glocer and former Myspace co-CEO Jason Hirschhorn.</p>
<p>The pitch is pretty straightforward: No one does a very good job of covering the travel business, and there&#8217;s a wide range of people who want to read smart takes, from industry executives to start-up investors to savvy consumers who want to figure out what&#8217;s happening behind the scenes. And Ali has ambitions to build a stockpile of travel data that he figures will be at least as important as the stories he publishes and aggregates.</p>
<p>I&#8217;ve admired Ali for a long time &#8212; and competed with him for a portion of it &#8212;  so I&#8217;m not a neutral observer here: I hope Skift* kills it. I&#8217;m also interested in the notion of Skift as a second act, and in watching Ali try to apply hard-won lessons from his first go-round.</p>
<p>Here&#8217;s a longish interview we conducted last week in the offices of his old company, <a href="http://allthingsd.com/20120208/gigaom-buys-paidcontent-like-peter-kafka-said/">now owned by GigaOM</a>.</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=BCAA1FFE-A6A3-43BA-993E-8ECACBE545CD&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={BCAA1FFE-A6A3-43BA-993E-8ECACBE545CD}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
<p>&nbsp;</p>
<p>*The name is <a href="http://en.wiktionary.org/wiki/skift">Swedish</a> for &#8220;shift,&#8221; and Ali picked up the domain during his paidContent days, but never figured out what to do with it. By the time he got around to putting his new business together, every derivation of &#8220;travel&#8221; had long been snapped up.</p>
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		<title>Battery Ventures Jump-Starts Avalara With $20 Million in Capital</title>
		<link>http://allthingsd.com/20120627/battery-ventures-jump-starts-avalara-with-20-million-for-sales-tax-software/</link>
		<comments>http://allthingsd.com/20120627/battery-ventures-jump-starts-avalara-with-20-million-for-sales-tax-software/#comments</comments>
		<pubDate>Wed, 27 Jun 2012 07:01:22 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[ADP]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Avalara]]></category>
		<category><![CDATA[Battery Ventures]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[laws]]></category>
		<category><![CDATA[point of sales]]></category>
		<category><![CDATA[regulations]]></category>
		<category><![CDATA[Sabrix]]></category>
		<category><![CDATA[sales tax]]></category>
		<category><![CDATA[Scott McFarlane]]></category>
		<category><![CDATA[shopping]]></category>
		<category><![CDATA[Taxware]]></category>
		<category><![CDATA[Thomson Reuters]]></category>
		<category><![CDATA[VC]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=224811</guid>
		<description><![CDATA[Retailers often have a hard time figuring out how much customers need to pay in sales tax, but with Avalara's help, they don't have to worry about it.]]></description>
				<content:encoded><![CDATA[<p>Retailers often have a hard time figuring out how much customers need to pay in sales tax.</p>
<p><img class="alignright size-medium wp-image-224815" title="avalara_ScottM-5" src="http://allthingsd.com/files/2012/06/avalara_ScottM-5-380x240.jpg" alt="" width="380" height="240" />Not only does it depend on what state or country the customer lives in, but now consumers are also increasingly shopping on the phone, so it also depends on where the purchaser is &#8212; down to the city block &#8212; and where the packages are being shipped.</p>
<p>&#8220;Our system knows those kinds of things, and can calculate it on the fly. It&#8217;s a technology solution to a problem that has been around forever,&#8221; said Avalara founder and CEO Scott McFarlane.</p>
<p>The company told <strong>AllThingsD</strong> that it has raised $20 million in fresh capital. The round was led by by Battery Ventures, and will be used to fuel the company&#8217;s growth, including domestic, international and mobile opportunities.</p>
<p>Based in Bainbridge Island, Wash. &#8212; just a short ferry ride away from Seattle &#8212; Avalara has 275 employees and has been around for almost a decade. It not only provides the service to physical retailers, but also to some online retailers through third-party vendors, such as point-of-sale systems or other platforms, such as eBay&#8217;s Magento.</p>
<p>McFarlane said there are more than 10,000 businesses using its solutions, and more than 200 manufactures have chosen to use Avalara as its tax platform. Other companies competing in the space include ADP&#8217;s Taxware and Thomson Reuters&#8217; Sabrix.</p>
<p>For the most part, customers won&#8217;t even know they are using Avalara &#8212; but in general, the company&#8217;s profile has been raised as other companies, like Amazon, bring the issue of paying sales tax online into the spotlight. McFarlane said that Avalara will help conduct almost a billion transactions this year, and on a busy day during the holidays it will conduct 500 transactions a second.</p>
<p>The company has now raised a total of $69 million from investors, including the Benaroya Company, Pioneer Venture Partners and Sageview Capital. Part of a previous round, about $10 million, was used to buy out existing investors.</p>
<p>Correction: The total amount Avalara has raised in capital has been updated to be correct.</p>
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		<title>ATP Capital Launching New $150 Million Mobile Fund, Changing Name</title>
		<link>http://allthingsd.com/20120321/atp-capital-launching-new-150-million-mobile-fund-changing-name/</link>
		<comments>http://allthingsd.com/20120321/atp-capital-launching-new-150-million-mobile-fund-changing-name/#comments</comments>
		<pubDate>Wed, 21 Mar 2012 10:00:04 +0000</pubDate>
		<dc:creator>Ina Fried</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[ATP Capital]]></category>
		<category><![CDATA[BlackBerry]]></category>
		<category><![CDATA[BlackBerry Partners Fund]]></category>
		<category><![CDATA[John Albright]]></category>
		<category><![CDATA[John Occhipinti]]></category>
		<category><![CDATA[Relay Partners]]></category>
		<category><![CDATA[Research In Motion]]></category>
		<category><![CDATA[RIMM]]></category>
		<category><![CDATA[Thomson Reuters]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=188390</guid>
		<description><![CDATA[The company behind the BlackBerry Partners Fund is rebranding itself, launching a new fund and expanding its presence in Silicon Valley.]]></description>
				<content:encoded><![CDATA[<p>The company behind the BlackBerry Partners Fund is rebranding itself, launching a new fund and expanding its presence in Silicon Valley.</p>
<p><a href="http://allthingsd.com/files/2012/03/Screen-Shot-2012-03-20-at-3.03.35-PM.png"><img src="http://allthingsd.com/files/2012/03/Screen-Shot-2012-03-20-at-3.03.35-PM-380x78.png" alt="" title="Screen Shot 2012-03-20 at 3.03.35 PM" width="380" height="78" class="alignright size-Medium380 wp-image-188409" /></a></p>
<p>ATP Capital is announcing on Wednesday that it will henceforth be known as Relay Ventures. The firm is also detailing a new $150 million mobile fund, a successor to its BlackBerry Partners Fund, which is now fully invested, having backed 25 companies, four of which have been acquired. The new fund, Relay stressed, will remain platform agnostic as was the prior one, despite its name. Relay has already made three investments as part of the new fund.</p>
<p>“We are one of the most active investors in mobile computing,” Relay co-managing partner John Albright said in a statement. &#8220;Our continued specialization and focus on the rapidly growing and advancing mobile industry has been well received by our (limited partners), almost all of which returned for this new fund.&#8221;</p>
<p>The new fund’s lead investor is Northleaf Capital Partners; corporate investors include Corus Entertainment, Thomson Reuters and Research In Motion.</p>
<p>Finally, Relay said it is opening a Silicon Valley office that will include Kevin Talbot, who has relocated to the Bay Area from Toronto, and venture capitalist John Occhipinti, who is joining the firm.</p>
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		<title>eBay Appoints Devin Wenig as New President of Marketplaces</title>
		<link>http://allthingsd.com/20110906/ebay-appoints-devin-wenig-as-new-president-of-marketplaces/</link>
		<comments>http://allthingsd.com/20110906/ebay-appoints-devin-wenig-as-new-president-of-marketplaces/#comments</comments>
		<pubDate>Tue, 06 Sep 2011 23:40:15 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Devin Wenig]]></category>
		<category><![CDATA[eBay]]></category>
		<category><![CDATA[eBay Marketplaces]]></category>
		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[John Donahoe]]></category>
		<category><![CDATA[Lorrie Norrington]]></category>
		<category><![CDATA[PayPal]]></category>
		<category><![CDATA[Thomson Reuters]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=117411</guid>
		<description><![CDATA[eBay has named Devin Wenig, former CEO of Thomson Reuters Markets, as new president of its Marketplaces business unit. The appointment follows the departure of Lorrie Norrington, who left the position a year ago. Wenig, 44, will report to President and CEO John Donahoe. Over the past year, the Marketplaces unit has been undergoing a transformation, and while it represents eBay's largest division, it faces being eclipsed by eBay's faster growing PayPal division.]]></description>
				<content:encoded><![CDATA[<p>eBay has named Devin Wenig, former CEO of Thomson Reuters Markets, as new president of its Marketplaces business unit. The appointment follows the departure of Lorrie Norrington, <a href="http://allthingsd.com/20100922/ebays-marketplace-chief-leaves-in-midst-of-revamp/">who left the position a year ago</a>. Wenig, 44, will report to President and CEO John Donahoe. Over the past year, the Marketplaces unit has been undergoing a transformation, and while it represents eBay&#8217;s largest division, it faces being eclipsed by eBay&#8217;s faster growing PayPal division.</p>
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		<title>VC Fundraising Has Best Start Since 2001</title>
		<link>http://allthingsd.com/20110411/vc-fundraising-has-best-start-since-2001/</link>
		<comments>http://allthingsd.com/20110411/vc-fundraising-has-best-start-since-2001/#comments</comments>
		<pubDate>Mon, 11 Apr 2011 19:30:21 +0000</pubDate>
		<dc:creator>Alistair Barr</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[Bessemer Venture Partners]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[frontpage]]></category>
		<category><![CDATA[fund]]></category>
		<category><![CDATA[fundraising]]></category>
		<category><![CDATA[J. P. Morgan]]></category>
		<category><![CDATA[National Venture Capital Association]]></category>
		<category><![CDATA[Sequoia Capital]]></category>
		<category><![CDATA[Thomson Reuters]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://voices.allthingsd.com/?p=38767</guid>
		<description><![CDATA[The U.S. venture-capital industry had its best fund-raising start since 2001 as three firms dominated, Thomson Reuters and the National Venture Capital Association said Monday.]]></description>
				<content:encoded><![CDATA[<p>The U.S. venture-capital industry had its best fund-raising start since 2001 as three firms dominated, Thomson Reuters and the National Venture Capital Association said Monday.</p>
<p>Thirty-six U.S. venture-capital funds raised more than $7 billion in the first quarter of 2011. That’s up 76 percent, by dollar commitments, compared with the first quarter of 2010, which saw 44 funds raise $4 billion, according to Thomson Reuters and the NVCA.</p>
<p>Bessemer Venture Partners VIII raised $1.6 billion during the quarter, while Sequoia Capital 2010 raised $1.3 billion and J.P. Morgan’s (JPM 46.97, +0.13, +0.28%) Digital Growth Fund raised $1.2 billion.</p>
<p><a href="http://www.marketwatch.com/story/vc-fund-raising-has-best-start-since-2001-2011-04-11">Read the rest of this post on the original site »</a></p>
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		<title>InsideView, an Intelligence Dashboard for Salespeople, Raises $12 Million</title>
		<link>http://allthingsd.com/20110324/insideview-an-intelligence-dashboard-for-salespeople-raises-12-million/</link>
		<comments>http://allthingsd.com/20110324/insideview-an-intelligence-dashboard-for-salespeople-raises-12-million/#comments</comments>
		<pubDate>Thu, 24 Mar 2011 13:00:58 +0000</pubDate>
		<dc:creator>Arik Hesseldahl</dc:creator>
				<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Arik Hesseldahl]]></category>
		<category><![CDATA[business intelligence]]></category>
		<category><![CDATA[CapitalIQ]]></category>
		<category><![CDATA[Emergence Capital Partners]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Foundation Capital]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[Greenhouse Capital Partners]]></category>
		<category><![CDATA[InsideView]]></category>
		<category><![CDATA[Kana Communications]]></category>
		<category><![CDATA[LinkedIn]]></category>
		<category><![CDATA[McGraw Hill]]></category>
		<category><![CDATA[Microsoft CRM]]></category>
		<category><![CDATA[NewEnterprise]]></category>
		<category><![CDATA[Oracle]]></category>
		<category><![CDATA[Paul Holland]]></category>
		<category><![CDATA[Rembrandt Venture Partners]]></category>
		<category><![CDATA[Salesforce.com]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[social enterprise software]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[SugarCRM]]></category>
		<category><![CDATA[Thomson Reuters]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Umberto Milletti]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://newenterprise.allthingsd.com/?p=4339</guid>
		<description><![CDATA[A personal CIA for salespeople, InsideView aims to turn data from social media, financial databases and other sources into useful business intelligence.]]></description>
				<content:encoded><![CDATA[<p><img src="http://newenterprise.allthingsd.com/files/2011/03/logo-inside-view-275x63.jpg" alt="" title="logo-IV-new" width="275" height="63" class="alignright size-medium wp-image-4340" />When you&#8217;re gathering information on a potential sales prospect, there&#8217;s an awful lot of places to look. A decent Google search only gets you part of the way there. You can look for mentions in the media, find them on LinkedIn, Facebook and Twitter, but you also need to know what&#8217;s going on within that person&#8217;s company.</p>
<p>InsideView, which today announced $12 million in funding in a series C round led by Foundation Capital, aims to be something of a personal CIA for salespeople. The service deploys within existing CRM applications like Oracle, SAP, Salesforce.com, Microsoft CRM and SugarCRM to enhance the information view on a person or company with data gathered from numerous sources. When you look at the window for a target, you see information taken from their LinkedIn and Facebook profiles, information about them from Jigsaw, but also what people are saying about their company on Twitter. There&#8217;s also corporate financial and relationship data from CaptialIQ&#8211;a powerful financial database owned by McGraw-Hill&#8211;and a news feed from Thomson-Reuters.</p>
<p>Yes, it&#8217;s another <a href="http://newenterprise.allthingsd.com/20110208/social-enterprise-apps-are-popular-and-so-is-attacking-chatter/">social enterprise software play</a> says CEO Umberto Milletti, but with one key difference. &#8220;Most of the social CRM space has been focused on the marketing and support use cases. We&#8217;re very focused on business-to-business sales,&#8221; he told me. &#8220;It&#8217;s using social media together with traditional news and financial information to make salespeople more productive. We turn all that information into business intelligence.&#8221;</p>
<p>With the funding round, Foundation&#8217;s Paul Holland, a former exec at Kana Communications, is joining the InsideView board. Its prior investors&#8211;who are also participating in this round&#8211;are Emergence Capital Partners, Rembrandt Venture Partners and Greenhouse Capital Partners.</p>
<p>The company has more than 1,000 corporate customers, including Adobe, BMC, Cap Gemini, Experian and SuccessFactors, and supports some 75,000 end users.</p>
<p>Millietti said the funding will be used to boost distribution. &#8220;We want to get every customer-facing sales professional in the world an InsideView acount,&#8221; he said.</p>
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		<title>Sprint Now Gaining Subscribers Instead of Losing Them</title>
		<link>http://allthingsd.com/20110210/sprint-manages-first-subscriber-gain-since-2007/</link>
		<comments>http://allthingsd.com/20110210/sprint-manages-first-subscriber-gain-since-2007/#comments</comments>
		<pubDate>Thu, 10 Feb 2011 14:45:26 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Bernstein]]></category>
		<category><![CDATA[carrier]]></category>
		<category><![CDATA[churn]]></category>
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		<category><![CDATA[Craig Moffett]]></category>
		<category><![CDATA[customer service]]></category>
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		<category><![CDATA[fourth quarter]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=57532</guid>
		<description><![CDATA[Good news for long-suffering Sprint Nextel investors: Customer retention has finally improved to the point where the carrier is able to report actual gains in postpaid subscribers, rather than losses.]]></description>
				<content:encoded><![CDATA[<p><a href="http://digitaldaily.allthingsd.com/files/2011/02/sprint.png"><img src="http://digitaldaily.allthingsd.com/files/2011/02/sprint-380x291.png" alt="" title="sprint" width="380" height="291" class="aligncenter size-Medium380 wp-image-57535" /></a>Good news for long-suffering Sprint Nextel investors: Customer retention has finally improved to the point where the carrier is able to report actual gains in postpaid subscribers, rather than losses.</p>
<p>Posting <a href="http://newsroom.sprint.com/article_display.cfm?article_id=1796">fourth-quarter earnings this morning</a>, Sprint said it added 1.1 million total wireless subscribers, 58,000 of them two-year contract customers. Quite a milestone for a company that hasn&#8217;t seen a gain in postpaid subscribers in 13 quarters and a sign that Sprint may finally be turning a corner. Another good sign: Postpaid churn fell to 1.86 percent from 2.11 percent in the third quarter, and prepaid churn fell to 4.93 percent from 5.32 percent. And another: For the quarter, Sprint added almost 1.1 million wireless subscribers, its best showing in nearly five years.</p>
<p>All welcome news, even if Sprint is still losing money. The company reported a fourth-quarter loss of $929 million, or 31 cents a share, on revenue of $8.3 billion, up from $7.9 billion a year ago. Analysts polled by Thomson Reuters most recently forecast a loss of 30 cents a share on $8.15 billion in revenue. Said Bernstein analyst Craig Moffett, &#8220;Sprint CEO Dan Hesse might be forgiven for the temptation to hang a &#8220;Mission Accomplished&#8221; banner on the aircraft carrier that is Sprint. To his credit, he expressly declined to do so. Still, the company has at last achieved post-paid and total subscriber growth, customer service levels have improved, churn rates have been brought under control, and revenues were up.&#8221;</p>
<p>At $4.41, Sprint shares are up 1.15 percent in early trading as I write this.</p>
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		<title>Electronic Arts Focuses on Digital Strategy as Earnings Beat Expectations for Fourth Straight Quarter</title>
		<link>http://allthingsd.com/20110201/electronic-arts-focuses-on-digital-strategy-as-earnings-beat-expectations-for-fourth-straight-quarter/</link>
		<comments>http://allthingsd.com/20110201/electronic-arts-focuses-on-digital-strategy-as-earnings-beat-expectations-for-fourth-straight-quarter/#comments</comments>
		<pubDate>Tue, 01 Feb 2011 21:56:34 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Mobile]]></category>
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		<category><![CDATA[acquisitions]]></category>
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		<category><![CDATA[Apple]]></category>
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		<category><![CDATA[FIFA]]></category>
		<category><![CDATA[games]]></category>
		<category><![CDATA[gaming]]></category>
		<category><![CDATA[John Riccitiello]]></category>
		<category><![CDATA[Madden]]></category>
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		<category><![CDATA[monopoly]]></category>
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		<guid isPermaLink="false">http://emoney.allthingsd.com/?p=2243</guid>
		<description><![CDATA[Electronic Arts' stock is up after reporting solid earnings for the third quarter. Now the company is turning its attention to digital games, which generated just 15 percent of overall revenues.]]></description>
				<content:encoded><![CDATA[<p>Electronic Arts&#8217; shares are up in after-hours trading, after beating analysts&#8217; expectations. Now the company is turning its attention to its growing digital business.</p>
<p><img src="http://emoney.allthingsd.com/files/2011/02/EA_deadSpace-e1296603051963.jpg" alt="" title="EA&#039;s DeadSpace on iPad, Xbox and PC" width="250" height="169" class="alignright size-full wp-image-2245" />The videogame maker posted a GAAP loss of $322 million, or 97 cents a share, on revenues of $1.1 billion. However, when stock-based compensation and revenue deferrals are excluded, the company recorded a 59-cent profit, jumping 33 cents from the year earlier.</p>
<p>Those modified numbers beat expectations of analyst who forecast the company&#8217;s earnings to surge 76 percent to 58 cents a share from the year-ago period, according to Thomson Reuters.</p>
<p>It is now the fourth quarter in a row that EA has beat consensus.</p>
<p>Meanwhile, the company continues to try to call attention to its digital results as it transitions its business model&#8211;from one where gamers pay $60 for an Xbox title to one where consumers pay a few bucks for an iPhone game or play Facebook games that may be free and monetized through other mechanisms, such as virtual goods.</p>
<p>But it&#8217;s hard to convince anyone of the prospects when its packaged-goods business generated $1.1 billion in revenues and its digital games generated a paltry $211 million.</p>
<p>Still, its digital business is up, jumping 39 percent compared with the same period a year earlier. &#8220;We are on track to hit three-quarters of a billion in revenues this year as planned, and we were No. 1 on key platforms like iPhone and iPad,&#8221; said CFO Eric Brown in an interview.</p>
<p>Digital revenues mainly consist of mobile games, digital downloads and social games built by its Playfish subsidiary.</p>
<p>Mobile revenues totaled $59 million in the third quarter, up from $56 million last year. EA does not break out revenues of its Playfish subsidiary, but said it had 39 million monthly active unique visitors (MAUs) in social games, falling from 58 million in the year-ago period.</p>
<p>Brown explained that its monthly uniques are down, much like those of others in the industry that were hurt when Facebook changed its policies about a year ago on how much games could be promoted on the social network.</p>
<p>&#8220;That business is performing well. We are No. 2 in the social games space. MAUs are down for the entire segment, although we are monetizing better, and our strategy is to bring more EA-branded properties to the social network space,&#8221; he said.</p>
<p>Yesterday, Monopoly launched on Facebook, joining FIFA soccer and Madden.</p>
<p>The company also announced that it will repurchase up to $600 million in stock over the next 18 month, which demonstrates the company&#8217;s confidence in its digital strategy, said EA&#8217;s Chief Executive Officer John Riccitiello in the release.</p>
<p>Brown: &#8220;We have excess cash and there&#8217;s characteristics evolving for our digital strategy, as we build our digital revenue, and it becomes more profitable and predictable.&#8221;</p>
<p>Does that mean we won&#8217;t see any more big acquisitions&#8211;like the $400 million Playfish purchase&#8211; by the game maker?</p>
<p>&#8220;We still would have the opportunity to do small acquisitions. For instance, we recently purchased Chillingo, so we still have capital to do small scale, but we don’t intend to do large acquisitions in the short term.&#8221;</p>
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		<title>Amazon Says Kindle Book Sales Have Overtaken Paperback Sales</title>
		<link>http://allthingsd.com/20110127/amazon-says-kindle-book-sales-have-overtaken-paperback-sales/</link>
		<comments>http://allthingsd.com/20110127/amazon-says-kindle-book-sales-have-overtaken-paperback-sales/#comments</comments>
		<pubDate>Thu, 27 Jan 2011 21:05:45 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
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		<category><![CDATA[Amazon]]></category>
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		<guid isPermaLink="false">http://emoney.allthingsd.com/?p=2069</guid>
		<description><![CDATA[Amazon.com announced fourth-quarter financial results today, saying it hit two milestones: It had its first $10 billion quarter, and its Kindle book sales had overtaken paperback books as the most popular format on the giant bookseller's site. Since the beginning of the year, it has sold 115 Kindle books for every 100 paperbacks sold (not including free books). During the busy holiday quarter, net income jumped eight percent to $416 million on a 36 percent increase in sales, compared with the previous year's period. Revenues totaled $12.95 billion, which fell short of the $12.99 billion analysts were expecting, according to Thomson Reuters.]]></description>
				<content:encoded><![CDATA[<p>Amazon.com <a href="http://finance.yahoo.com/news/Amazoncom-Announces-Fourth-bw-780225521.html?x=0&#038;.v=1">announced fourth-quarter financial results today</a>, saying it hit two milestones: It had its first $10 billion quarter, and its Kindle book sales had overtaken paperback books as the most popular format on the giant bookseller&#8217;s site. Since the beginning of the year, it has sold 115 Kindle books for every 100 paperbacks sold (not including free books). During the busy holiday quarter, net income jumped eight percent to $416 million on a 36 percent increase in sales, compared with the previous year&#8217;s period. Revenues totaled $12.95 billion, which fell short of the $12.99 billion analysts were expecting, according to Thomson Reuters.</p>
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		<title>Insanely Great: Apple Shares Top $300</title>
		<link>http://allthingsd.com/20101013/apple-shares-top-300/</link>
		<comments>http://allthingsd.com/20101013/apple-shares-top-300/#comments</comments>
		<pubDate>Wed, 13 Oct 2010 13:53:32 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[analysts]]></category>
		<category><![CDATA[Apple]]></category>
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		<category><![CDATA[fourth quarter]]></category>
		<category><![CDATA[John Paczkowski]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=50730</guid>
		<description><![CDATA[Steve Jobs is smiling into his corn flakes this morning. Apple’s stock rose above $300 per share today for the first time in the company’s history.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2010/10/happysteve.jpg" alt="" title="happysteve" width="150" height="150" class="alignright size-full wp-image-50735" />Steve Jobs must be smiling into his corn flakes this morning. </p>
<p>Apple&#8217;s stock rose above $300 per share today for the first time in the company’s history. It&#8217;s trading around $301 or so as I write this, which puts Apple&#8217;s market cap above $275 billion. The stock has spiked more than 40 percent this year, and analysts say it could go higher still. According to Thomson Reuters, 46 of  49 analysts who cover Apple have a price target of $300 or higher on the stock, and three of those have targets of at least $400 a share.</p>
<p>Apple (AAPL) is due to report fiscal fourth quarter results on Monday, October 18, after the bell.</p>
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		<title>IBM Hits on Bottom Line, Misses on Sales</title>
		<link>http://allthingsd.com/20100719/a-higher-profit-for-ibm/</link>
		<comments>http://allthingsd.com/20100719/a-higher-profit-for-ibm/#comments</comments>
		<pubDate>Mon, 19 Jul 2010 20:25:55 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=45061</guid>
		<description><![CDATA[Has IBM  benefited from the overall uptick in corporate spending? Obviously. Posting second-quarter results after the market’s close Monday, the company reported earnings per share of $2.61, besting estimates, though revenue fell a bit short of forecasts.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2010/07/EARNINGS_bob-cratchett.jpg" alt="" title="EARNINGS_bob-cratchett" width="200" height="150" class="alignright size-full wp-image-44704" />Has IBM benefited from the overall uptick in corporate spending? </p>
<p>Obviously.</p>
<p>Posting <a href="http://www-03.ibm.com/press/us/en/pressrelease/32144.wss">second-quarter results</a> after the market&#8217;s close Monday, the company reported earnings per share of $2.61, up from $2.32 a share last year. and sales of $23.72 billion, up from $23.25 billion last year. Analysts polled by Thomson Reuters had been looking for earnings of $2.58 a share on $24.2 billion in revenue.  So while the company’s higher profit exceeded expectations, its revenue came as something of a disappointment, and investors have dragged its shares down about three percent in after-hours trading.</p>
<p>Looking ahead, IBM (IBM) raised its 2010 net income guidance to $11.25 per share. That’s a nickel-per-share increase over its most recent guidance and suggests the company is confident that uptick in spending will continue. </p>
<p>Said CEO Sam Palmisano, “In the second quarter we again delivered double-digit earnings-per-share growth, increased margins, as well as improving constant-currency revenue performance in our ongoing software, services and hardware businesses, and in all geographies. With the benefit of our strategic growth investments, our mix of higher-value business and the introduction of new System z and Power Systems, we are confident of our ability in the second half of the year to continue our strong business performance, grow profit and drive shareholder returns.&#8221;</p>
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		<title>Latest Check Shows Insufficient Venture Funds</title>
		<link>http://allthingsd.com/20100712/latest-check-shows-insufficient-venture-funds/</link>
		<comments>http://allthingsd.com/20100712/latest-check-shows-insufficient-venture-funds/#comments</comments>
		<pubDate>Mon, 12 Jul 2010 18:51:26 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
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		<category><![CDATA[fundraising]]></category>
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		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=44547</guid>
		<description><![CDATA[The "Darwinian contraction" in the venture capital industry continues with no end in sight. A joint study released today by the National Venture Capital Association and Thomson Reuters found that VC firms in the U.S. raised just $1.9 billion in the second quarter of 2010. That's a nasty 49 percent decline from the $3.7 billion they raised in the first quarter.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2010/07/insuffunds-150x150.jpg" alt="" title="insuffunds" width="150" height="150" class="alignright size-thumbnail wp-image-44555" />The <a href="http://docs.google.com/viewer?a=v&amp;q=cache:QHsItozaR30J:www.nvca.org/index.php%3Foption%3Dcom_docman%26task%3Ddoc_download%26gid%3D455%26ItemId%3D93+darwinian+contraction%2Bventure+capital&amp;hl=en&amp;gl=us&amp;pid=bl&amp;srcid=ADGEESg2BAUJeIB4ZnDghGboXQU6m8Rw_A7irViL8qMzEDncRfkwUk3raU81Ix__2HFjqyfDEdkrR40YhNibCitYIBd8MvOqG_hQ7mRqKJx2MxJZV-_fM2RJywAE53AhiZi2MofKWiID&amp;sig=AHIEtbQwonXwCA3xgs9bZEkmVq1Led4OTg">&#8220;Darwinian contraction&#8221;</a> in the venture capital industry continues with no end in sight. A <a href="http://www.nvca.org/index.php?option=com_docman&#038;task=doc_download&#038;gid=624&#038;Itemid=93">joint study</a> released today by the National Venture Capital Association and Thomson Reuters found that VC firms in the U.S. raised just $1.9 billion in the second quarter of 2010. That&#8217;s a nasty 49 percent decline from the $3.7 billion they raised in the first quarter. It&#8217;s also the weakest quarter for VC fundraising in nearly seven years. The last time the industry saw this low of a dollar commitment was the third quarter of 2003. </p>
<p>“Ongoing economic uncertainty has kept many limited partners and venture capital firms on the fundraising sidelines in 2010 and this hesitation is likely to continue for the remainder of the year,” NVCA President Mark Heesen said in a statement. </p>
<p>Certainly looks that way. Consider the chart below (click to enlarge).</p>
<p><a href="http://digitaldaily.allthingsd.com/files/2010/07/VCfundraising.jpg"><img src="http://digitaldaily.allthingsd.com/files/2010/07/VCfundraising-275x242.jpg" alt="" title="VCfundraising" width="275" height="242" class="aligncenter size-medium wp-image-44548" /></a></p>
<p>Quite the downward trend, yeah? What is it that Sequoia Capital partner Michael Moritz often says? <a href="http://blogs.barrons.com/techtraderdaily/2007/07/13/fortune-imeme-vcs-talk-about-the-new-tech-economy/">&#8220;The best time to invest is when people are cowering under their desks.</a>&#8221; Hmm. Something like that&#8230;</p>
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		<title>Sirius Posts a Profit</title>
		<link>http://allthingsd.com/20100504/sirius-posts-a-profit-2/</link>
		<comments>http://allthingsd.com/20100504/sirius-posts-a-profit-2/#comments</comments>
		<pubDate>Tue, 04 May 2010 12:01:08 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Media]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=39750</guid>
		<description><![CDATA[Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. Posting first-quarter earnings this morning, the company reported a profit of $41.6 million, or one cent a share, compared with a year-earlier loss of $52.6 million, or seven cents a share.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/11/sirius-150x150.png" alt="sirius-150x150" width="150" height="150" class="alignright size-full wp-image-28263" /> Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. <a href="http://investor.sirius.com/releasedetail.cfm?ReleaseID=466135">Posting first-quarter earnings</a> before market open today, the company reported a profit of $41.6 million, or one cent per share, compared with a year-earlier loss of $52.6 million, or seven cents a share. Revenue rose 13 percent to $663.8 million. </p>
<p>Analysts polled by Thomson Reuters had expected the company to break even on revenue of $671 million. Sirius added 171,441 net subscribers during the period and reiterated its view that it expects to add more than 500,000 subscribers this year.</p>
<p>With quarterly net subscriber additions of 171,441, Sirius (SIRI) ended March with 18,944,199 subscribers. Quite an improvement over the year-ago quarter, when it lost 404,422 subscribers. </p>
<p>&#8220;Continued positive subscriber growth, double-digit growth in revenue, and a sharp focus on costs resulted in the highest quarterly adjusted operating income in the company&#8217;s history,&#8221; Sirius CEO Mel Karmazin said in a statement. &#8220;The continuing recovery of the automotive sector and expanding signs of increased consumer spending are encouraging signs for the company&#8217;s growth prospects.&#8221;</p>
<p>Still more good news for the company, which <a href="http://digitaldaily.allthingsd.com/20100427/run-blue-dog-run-sirius-avoids-delisting/">last week avoided delisting from Nasdaq</a>. That said, at $1.14, Sirius shares are trading down 7.32 percent this morning. Evidently, the revenue miss didn&#8217;t go over too well with investors.</p>
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		<title>RIM Stumbles</title>
		<link>http://allthingsd.com/20100331/rim-disappoints/</link>
		<comments>http://allthingsd.com/20100331/rim-disappoints/#comments</comments>
		<pubDate>Wed, 31 Mar 2010 20:45:23 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Mobile]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=37845</guid>
		<description><![CDATA[RIM misses earnings per share estimates by a penny.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/12/blackberryman.jpg" alt="blackberryman" width="150" height="150" class="alignright size-full wp-image-31006" /> Reporting <a href="http://www.marketwire.com/mw/rel_ca_print.jsp?id=1141136&amp;lang=E1">fourth-quarter earnings</a> after market close Wednesday, Research In Motion said it added 4.9 million new BlackBerry subscribers during the period, exceeding forecasts of 4.4 million to 4.7 million. </p>
<p>Welcome news given recent concerns about the impact new Apple (AAPL) iPhones headed to market might have on sales. Sadly for RIM (RIMM), the revenue and earnings per share posted today were both below expectations. The company earned $710.1 million, or $1.27 per share, on revenue of $4.08 billion. Analysts were expecting earnings of $1.28 per share on revenue of $4.3 billion, according to consensus estimates from Thomson Reuters.</p>
<p>At $69 RIM shares are down 6.7 percent in after-hours trading.</p>
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		<title>Oracle: Sun Integration Going "Better Than Expected"</title>
		<link>http://allthingsd.com/20100325/oracle-profits-slip/</link>
		<comments>http://allthingsd.com/20100325/oracle-profits-slip/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 20:15:28 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Enterprise]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=37329</guid>
		<description><![CDATA[Evidently, Oracle’s integration of Sun is coming along well. Reporting third-quarter earnings that were in line with Street estimates after market close Thursday, the company offered an enthusiastic update on its ingestion of the former Silicon Valley icon. "The Sun integration is going even better than we expected,” said Oracle President Safra Catz.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2010/03/ellison.jpg" alt="" title="ellison" width="150" height="150" class="alignright size-full wp-image-37331" /><br />
Evidently, Oracle’s integration of Sun is coming along well. Reporting  <a href="http://www.oracle.com/corporate/investor_relations/earnings/3q10-pressrelease-march.pdf">third-quarter earnings</a> that were in line with Street estimates after market close Thursday, the company offered an enthusiastic update on its ingestion of the former Silicon Valley icon. </p>
<p>&#8220;The Sun integration is going even better than we expected,&#8221; said Oracle President Safra Catz. &#8220;We believe that Sun will make a significant contribution to our fourth quarter earnings per share as well as meet the profitability goals we set for next year.&#8221;</p>
<p>Oracle (ORCL) said its net income for the quarter fell to $1.2 billion, or 23 cents a share, from $1.3 billion, or 26 cents a share last year. But revenue rose to $6.4 billion from $5.5 billion. Excluding items, earnings for the quarter were 38 cents a share, which is <a href="http://www.marketwatch.com/story/oracle-seen-posting-gains-for-third-quarter-2010-03-19">what analysts surveyed by Thomson Reuters had been expecting</a>. </p>
<p>Two last details worth noting: Revenue from new software licenses rose 13 percent during the quarter. Another sign that enterprise spending on technology is on the rise.</p>
<p>Oracle CEO Larry Ellison is a funny guy. From the company&#8217;s earnings release:</p>
<p> “Every quarter we grab huge chunks of market share from SAP,” said Oracle CEO, Larry Ellison. “SAP’s most recent quarter was the best quarter of their year, only down 15%, while Oracle’s application sales were up 21%. But SAP is well ahead of us in the number of CEOs for this year, announcing their third and fourth, while we only had one.”</p>
<blockquote class="memo"><p>
<strong>Oracle Reports GAAP EPS of $0.23, Non-GAAP EPS of $0.38</strong></p>
<p>REDWOOD SHORES, Calif., March 25, 2010 &#8212; Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2010 Q3 GAAP total revenues were up 17% to $6.4 billion, while non- GAAP total revenues were up 18% to $6.5 billion. Excluding the impact of Sun Microsystems, Inc., which Oracle acquired on January 26, 2010, GAAP total revenue grew 7%. GAAP new software license revenues were up 13% to $1.7 billion, and up 10% to $1.7 billion excluding Sun. GAAP software license updates and product support revenues were up 13% to $3.3 billion, while non-GAAP software license updates and product support revenues were up 12% to $3.3 billion. GAAP operating income was down 5% to $1.8 billion, and GAAP operating margin was 29%. Non-GAAP operating income was up 13% to $2.9 billion, and non-GAAP operating margin was 45%. GAAP net income was down 10% to $1.2 billion, while non-GAAP net income was up 9% to $1.9 billion. GAAP earnings per share were $0.23, down 11% compared to last year while non-GAAP earnings per share were up 9% to $0.38. GAAP operating cash flow on a trailing twelve-month basis was $8.2 billion.</p>
<p>&#8220;Our solid top line growth, coupled with disciplined expense management, was key in generating $8.0 billion of free cash flow over the last twelve months,&#8221; said Oracle CFO Jeff Epstein.</p>
<p>&#8220;The Sun integration is going even better than we expected,&#8221; said Oracle President, Safra Catz. &#8220;We believe that Sun will make a significant contribution to our fourth quarter earnings per share as well as meet the profitability goals we set for next year.&#8221;</p>
<p>&#8220;Exadata is the fastest growing product in Oracle’s history,&#8221; said Oracle President, Charles Phillips. &#8220;Introduced a little over a year ago, the Exadata pipeline is now approaching $400 million with Q4 bookings forecast at nearly $100 million. This strengthens both sales growth and profitability in our Sun server and storage businesses.&#8221;</p>
<p>&#8220;Every quarter we grab huge chunks of market share from SAP,&#8221; said Oracle CEO, Larry Ellison. &#8220;SAP’s most recent quarter was the best quarter of their year, only down 15%, while Oracle’s application sales were up 21%. But SAP is well ahead of us in the number of CEOs for this year, announcing their third and fourth, while we only had one.&#8221;<br />
In addition, Oracle’s Board of Directors declared a cash dividend of $0.05 per share of outstanding common stock to be paid to stockholders of record as of the close of business on April 14, 2010, with a payment date of May 5, 2010. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of Oracle’s Board of Directors. </p></blockquote>
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		<title>Sirius XM: Back From the Brink</title>
		<link>http://allthingsd.com/20100225/sirius-posts-a-profit/</link>
		<comments>http://allthingsd.com/20100225/sirius-posts-a-profit/#comments</comments>
		<pubDate>Thu, 25 Feb 2010 15:21:29 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Media]]></category>
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		<category><![CDATA[satellite]]></category>
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		<category><![CDATA[Sirius XM Riado]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=35598</guid>
		<description><![CDATA[February has been a great month for Sirius XM Radio. Last week, its shares rose above $1, the first time they've crossed that threshold since September 2008. And now the company has posted its first quarterly profit since its controversial merger.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2010/02/siiruscashdog.jpg" alt="" title="siiruscashdog" width="150" height="148" class="alignright size-full wp-image-35614" />February has been a great month for Sirius XM Radio. Last week, its <a href="http://digitaldaily.allthingsd.com/20100217/sirius-back-above-a-buck/">shares rose above $1</a>, the first time they&#8217;ve crossed that threshold since September 2008. And now the company has posted its first quarterly profit since its controversial merger. </p>
<p><a href="http://investor.sirius.com/releasedetail.cfm?ReleaseID=447093">Reporting fourth-quarter earnings this morning</a>, the satellite-radio provider, which was teetering on the edge of bankruptcy last year, posted a profit of $14.2 million&#8211;less than a penny a share&#8211;compared with a year-earlier loss of $245.8 million, or eight cents. Revenue for the quarter rose  8.7 percent to $676.2 million.</p>
<p>An impressive showing, considering analysts polled by Thomson Reuters had expected a two-cent loss on revenue of $664 million.</p>
<p>Sirius (SIRI) added 257,028 subscribers during the quarter, bringing its total to 18.8 million. The company expects to add another 500,000 in 2010.</p>
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		<title>Big Red in the Red</title>
		<link>http://allthingsd.com/20100126/big-red-in-the-red/</link>
		<comments>http://allthingsd.com/20100126/big-red-in-the-red/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 14:00:28 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Bernstein]]></category>
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		<category><![CDATA[Craig Moffett]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=33481</guid>
		<description><![CDATA[Reporting fourth-quarter earnings this morning, Verizon posted revenue that jumped 9.9 percent to $27.09 billion and said it added 2.2 million mobile subscribers. Yet the company reported a loss of $653 million, or 23 cents a share, for the quarter--mostly because of costs related to layoffs in the period.]]></description>
				<content:encoded><![CDATA[<p><a href="http://digitaldaily.allthingsd.com/files/2010/01/VZbrkdown.jpg" rel="lightbox"><img src="http://digitaldaily.allthingsd.com/files/2010/01/VZbrkdown-275x203.jpg" alt="" title="VZbrkdown" width="275" height="203" class="aligncenter size-medium wp-image-33488" /></a>Reporting <a href="http://finance.yahoo.com/news/Verizon-Reports-Strong-prnews-4175277247.html?x=0&amp;.v=1">fourth-quarter earnings</a> this morning, Verizon posted revenue that jumped 9.9 percent to $27.09 billion and said it added 2.2 million mobile subscribers. Yet the company reported a loss of $653 million, or 23 cents a share, for the quarter&#8211;mostly because of costs related to layoffs in the period.  </p>
<p>Quite a change from the profit of $1.24 billion, or 43 cents a share, the carrier reported in the quarter a year ago.</p>
<p>Analysts polled by Thomson Reuters (TRI) had been expecting earnings of 54 cents a share on $27.33 billion in revenue.</p>
<p>Revenue from Verizon’s (VZ) wireline services declined 3.9 percent to $11.5 billion. But data revenue rose 31 percent, to $16 billion. And wireless data revenue accounted for 32 percent of all service revenue, up from 26.5 percent a year earlier.</p>
<p>&#8220;Today&#8217;s 4Q results were eye-opening, if only because of the magnitude of the divergence,&#8221; Bernstein analyst Craig Moffet said in a research note issued after earnings. &#8220;Amidst an aggressive campaign to reinforce their positioning as the best-in-class network, and no doubt aided by AT&#038;T&#8217;s well-publicized network travails, Verizon Wireless pulled away, with a solid 1.15M subscriber gain in post-paid and, more surprisingly, a huge opportunistic 1.0M subscriber gain in wholesale.&#8221;</p>
<p>But, Moffett cautioned, &#8220;&#8230;Wireline results were at least as weak as Wireless was strong, and Wireline remains the company&#8217;s center of gravity. Notable in the Wireline results were a worsening of trends in the legacy copper business and&#8211;perhaps worse&#8211;a serious miss in the growth of their FiOS business as well&#8230;.Overall, we think the results must be judged as something of a disappointment.&#8221;</p>
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		<title>Apple’s Killer Quarter</title>
		<link>http://allthingsd.com/20100125/apple%e2%80%99s-killer-quarter/</link>
		<comments>http://allthingsd.com/20100125/apple%e2%80%99s-killer-quarter/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 21:20:24 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Mobile]]></category>
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		<description><![CDATA[[ See post to watch video ]]]></description>
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		<title>Oracle Tops Estimates, Expects European Union to Clear Sun Deal in January</title>
		<link>http://allthingsd.com/20091217/oracle-tops-estimates/</link>
		<comments>http://allthingsd.com/20091217/oracle-tops-estimates/#comments</comments>
		<pubDate>Thu, 17 Dec 2009 21:08:05 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=31033</guid>
		<description><![CDATA[Oracle shares are gaining in after-hours trading after the company reported second-quarter results that beat expectations. Earnings for the period were 39 cents a share, excluding special items, on revenue of $5.9 billion.

Analysts polled by Thomson Reuters had estimated Oracle would post earnings, excluding special items, of 36 cents a share on $5.7 billion in revenue.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/12/ironlarry.jpg" alt="ironlarry" title="ironlarry" width="200" height="180" class="alignright size-full wp-image-31035" /><br />
Oracle shares are gaining in after-hours trading after the company reported second-quarter results that beat expectations. Earnings for the period were 39 cents a share, excluding special items, on revenue of $5.9 billion.</p>
<p>Analysts polled by Thomson Reuters had estimated Oracle (ORCL) would post earnings, excluding special items, of 36 cents a share on $5.7 billion in revenue.  &#8220;We delivered results which were substantially better than we expected on both the top and bottom line,&#8221; Oracle Chief Financial Officer Jeff Epstein said in a statement.</p>
<p>Remarking on the company&#8217;s proposed acquisition of Sun (JAVA) in an earnings release, Oracle President Safra Catz said, &#8220;We expect the European Commission to unconditionally clear the acquisition of Sun in January. I want to thank all of our customers for the overwhelming support they have given us during this process.&#8221;</p>
<p>Shares of Oracle rose more than 4 percent to $23.87 in after-hours trading, following the earnings announcement, before slipping back to $22.88. The company&#8217;s stock is up by about a third this year.</p>
<p>Below, Oracle&#8217;s earnings release:</p>
<blockquote class="memo"><p>
Oracle Reports Q2 GAAP EPS of 29 Cents Up 15%, Non-GAAP EPS of 39 Cents Up 15%</p>
<p>Total Revenues Up, New Software License Sales Up, Operating Margin Up, Operating Cash Flow Up<br />
December 17, 2009: 04:00 PM ET</p>
<p>Oracle Corporation (NASDAQ: ORCL) today announced fiscal 2010 Q2 GAAP earnings per share of $0.29, up 15% compared to last year. Second quarter GAAP total revenues were up 4% to $5.9 billion, while quarterly GAAP net income was up 12% to $1.5 billion. GAAP new software license revenues were up 2% to $1.7 billion. GAAP software license updates and product support revenues were up 14% to $3.2 billion. GAAP operating income was up 10% to $2.2 billion and GAAP operating margin was up 200 basis points to 37%. GAAP operating cash flow on a trailing twelve-month basis was $8.7 billion, up 7%.</p>
<p>Second quarter non-GAAP earnings per share were up 15% to $0.39. Non-GAAP total revenues were up 3% to $5.9 billion, while non-GAAP net income was up 12% to $2.0 billion, compared to the same quarter last year. Non-GAAP operating income was up 9% to $2.9 billion and non-GAAP operating margin was up 280 basis points to 49%.</p>
<p>&#8220;We delivered results which were substantially better than we expected on both the top and bottom line, growing non-GAAP operating margins by 280 basis points to 49%, the highest Q2 non-GAAP operating margin in our history,&#8221; said Oracle CFO Jeff Epstein. &#8220;Our solid top line growth, coupled with disciplined expense management, was key in generating $8.4 billion of free cash flow over the last twelve months.&#8221;</p>
<p>&#8220;We expect the European Commission to unconditionally clear the acquisition of Sun in January,&#8221; said Oracle President Safra Catz. &#8220;I want to thank all of our customers for the overwhelming support they have given us during this process.&#8221;</p>
<p>&#8220;For the fourth consecutive quarter, Oracle took market share from SAP in every region around the world,&#8221; said Oracle President Charles Phillips. &#8220;In constant currency, our applications business grew 1% in the Americas and 2% in Asia Pacific versus a negative 35% and negative 34% respectively for SAP.&#8221;</p>
<p>&#8220;Sun&#8217;s new SPARC Solaris system and Sun&#8217;s new Exadata database machine both run the Oracle database faster than IBM&#8217;s fastest computer,&#8221; said Oracle CEO Larry Ellison. &#8220;We expect Sun to rapidly improve both its market share and margins once this merger closes.&#8221;</p>
<p>In addition, Oracle&#8217;s Board of Directors declared a cash dividend of $0.05 per share of outstanding common stock to be paid to stockholders of record as of the close of business on January 19, 2010, with a payment date of February 9, 2010. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of Oracle&#8217;s Board of Directors.
</p></blockquote>
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		<title>Adobe Sees Demand Improving</title>
		<link>http://allthingsd.com/20091215/adobe-sees-demand-improving/</link>
		<comments>http://allthingsd.com/20091215/adobe-sees-demand-improving/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 22:54:15 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Adobe]]></category>
		<category><![CDATA[Creative Suite 4]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=30854</guid>
		<description><![CDATA[Though it posted lower quarterly profit and sales for its fourth quarter, Adobe still managed to beat analysts' projections. Reporting earnings after market close Tuesday, the software company posted a net loss of $32.04 million, or six cents a share, on revenue of $757.3 million.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/12/images7.jpeg" alt="images" title="images" width="116" height="87" class="alignright size-full wp-image-30864" />Though it posted lower quarterly profit and sales for its fourth quarter, Adobe still managed to beat analysts&#8217; projections. <a href="http://finance.yahoo.com/news/Adobe-Reports-Fourth-Quarter-bw-3963308872.html?x=0&amp;.v=1">Reporting earnings</a> after market close Tuesday, the software company posted a net loss of $32.04 million, or six cents a share, on revenue of $757.3 million. That’s down from a profit of $245.9 million, or 46 cents a share, on sales of $915.3 million in the same quarter a year ago. Excluding special items, Adobe (ADBE) said earnings for the quarter were 39 cents a share, which is better than the 37 cents a share analysts polled by Thomson Reuters had forecast.</p>
<p>Clearly, the past few months have not been kind to sales of  Adobe&#8217;s flagship graphics software, Creative Suite 4, which had the misfortune of launching in late 2008 just as the econalypse really started kicking in. That said, things are looking up. Adobe says demand for its products is improving. For its first quarter ending in February, the company said it now expects revenue of between $800 million and $850 million. Analysts have been predicting first-quarter revenue of $798.3 million.</p>
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		<title>BusinessWeek's Future Is Cloudy, but Better Than It Could Have Been: The Grim Non-Bloomberg Scenario</title>
		<link>http://allthingsd.com/20091030/businessweeks-future-is-cloudy-but-better-than-it-could-have-been-the-grim-non-bloomberg-scenario/</link>
		<comments>http://allthingsd.com/20091030/businessweeks-future-is-cloudy-but-better-than-it-could-have-been-the-grim-non-bloomberg-scenario/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 19:12:05 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Media]]></category>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=12603</guid>
		<description><![CDATA[BusinessWeek employees are waiting to hear if they'll have jobs once Bloomberg takes over the publication, and I'm told that staffers expect to hear their fate shortly after Thanksgiving. That has to be unnerving, but I can at least offer a little bit of comfort in the worst-case scenario employees would be facing had they been purchased by private equity firm ZelnickMedia. The short version: Almost everybody gets fired.]]></description>
				<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2008/11/clint-escapes.jpg"><img class="alignright size-full wp-image-740" title="clint-escapes" src="http://mediamemo.allthingsd.com/files/2008/11/clint-escapes.jpg" alt="clint-escapes" width="285" height="206" /></a>BusinessWeek employees are waiting to hear if they&#8217;ll have jobs once Bloomberg takes over the publication, and I&#8217;m told that staffers expect to hear their fate shortly after Thanksgiving. &#8220;Either you&#8217;ll get an offer or you won&#8217;t,&#8221; is the conventional wisdom among the 400 staffers, an employee tells me.</p>
<p>That has to be unnerving, but I can at least offer a little bit of comfort: The worst-case scenario the employees would be facing had they been purchased by private equity firm ZelnickMedia, which was also bidding for the publication.</p>
<p>The short version: Almost everybody gets fired.</p>
<p>Here&#8217;s the longer version of the plan, provided to me by a person familiar with ZelnickMedia&#8217;s bid. It sounds like a plausible idea for a PE group that specializes in turning around distressed assets&#8211;and a chilling one for anybody who draws a paycheck at BusinessWeek:</p>
<ul>
<li>Wind down BusinessWeek&#8217;s print business &#8220;as profitably as possible&#8221;&#8211;the company would have to honor existing subscriptions and could still sell ads in the magazine. But the focus would be on building up BusinessWeek&#8217;s Web site, which has a decent-sized footprint, though not a <a href="http://paidcontent.org/article/419-businessweek.com-and-bloomberg.com-combined-not-exactly-burning-the-cha/">huge one</a>.</li>
<li>Dump almost all of the company&#8217;s newsgathering staff and outsource most of that work to Thomson Reuters (TRI).</li>
<li>Employ a small handful of editorial employees&#8211;perhaps 20, down from the 200-plus who are there now. Some of them would run a Huffington Post-style aggregation site that produces no original content, and some more expensive hires would produce a smattering of high-quality reporting and writing designed to burnish/sustain the BusinessWeek brand. &#8220;Just to give it uniqueness and sizzle,&#8221; my source tells me.</li>
<li>Dump most of the existing business side, as well, but overhaul and bulk up the sales force.</li>
</ul>
<p>The insult-to-injury kicker: Under ZelnickMedia&#8217;s proposal, the buyer wouldn&#8217;t pay a dime for the publication it intended to rebuild. Instead, McGraw-Hill would pay the fund to take the publication off its hands. If that sounds implausible, consider that McGraw-Hill just announced that it will <a href="http://mediamemo.allthingsd.com/20091026/businessweeks-fire-sale-nets-mcgraw-hill-5-9-million/">save up to $25 million next year by not owning the title</a>.</p>
<p>Given the above terms, it&#8217;s easy enough to see why McGraw-Hill ended up going with Bloomberg. For starters, the winning bidder actually paid cash for the magazine, and McGraw-Hill will end up netting a $5.9 million gain, after taxes, on the deal.</p>
<p>Also important: McGraw-Hill won&#8217;t have to anguish as it watches one of its flagship properties get dismantled.</p>
<p>So what will happen to BusinessWeek now that Bloomberg owns it? Nothing nearly so drastic, at least in the short term. For now, <a href="http://paidcontent.org/article/419-interview-bloombergs-pearlstine-says-buying-businessweek-matches-need-a/">Bloomberg is talking about bulking up the title</a>, not shredding it, so that&#8217;s a good sign for both employees and readers.</p>
<p>Alas, Bloomberg can&#8217;t take on all of the magazine employees looking for jobs, and that pool is only going to get bigger.</p>
<p>Forbes slashed deep into its staff this week, and next week Time Warner&#8217;s (TWX) Time Inc. will lay out some of its layoff goals. I&#8217;ve heard Time Inc. employees refer to layoff plans as &#8220;tree-trimming&#8221; or &#8220;surgical,&#8221; but I think the trimming will feel much blunter to the folks who lose their jobs. The publisher&#8217;s cost-cutting plans include hundreds of layoffs&#8211;something likely similar to the cuts the publisher went through last year, I&#8217;m told.</p>
<p>The <a href="http://www.nypost.com/p/news/business/it_pink_slip_time_FlaIvb3nkxf3Y9B1cZeo9H">New York Post&#8217;s Keith Kelly</a> reports today that Time&#8217;s News and Finance unit, which includes Time, Fortune and Sports Illustrated, will be particularly hard hit, and I&#8217;ve confirmed that myself.</p>
<p>UPDATE: No surprise here: BusinessWeek President Keith Fox is stepping down. Mild surprise: He&#8217;s staying on at McGraw-Hill. Here&#8217;s his memo:</p>
<blockquote class="memo"><p>When we announced that McGraw-Hill was exploring strategic options for BusinessWeek, I promised to communicate with you as openly and often as I could.  In this spirit, I wanted each of you to know that I will be remaining with McGraw-Hill after the deal with Bloomberg is closed. I will continue to play a role in the integration post-close and plan to take on a new role at McGraw-Hill in 2010.</p>
<p>During this process, our collective goal was to find the best buyer for BusinessWeek. I am proud that I played a role in ensuring that BusinessWeek has a new home at Bloomberg, where it will thrive under the leadership of Norman Pearlstine. I am committed to the transition and helping in any way that I can.</p>
<p>It’s been a privilege to be the President of BusinessWeek. I thank Terry McGraw for his confidence and trust in me and Glenn Goldberg for his support, direction, clarity, and sense of humor. I’ve also been a member of an amazing team which has navigated the transformation of the media environment with agility, focus, passion, and integrity.</p>
<p>The team&#8211;Steve Adler, Jessica Sibley, Tania Secor, Linda Brennan, Roger Neal, and Carl Fischer&#8211;is the best in the industry. Like BusinessWeek, they have bright futures ahead of them.  I will miss the daily interaction, but I am wiser (and a little grayer) because of their collaborative spirit and desire to make BusinessWeek the global leader in business that it is today.</p>
<p>I also have a special thanks to Patricia Hipplewith, my assistant, who juggled my calendar, protected me from solicitors, and kept me on schedule and well fed! She is the personification of commitment and integrity.</p>
<p>I am humbled by BusinessWeek’s 80-year history. Thank you for allowing me to play a small part in it.</p>
<p>Keith</p></blockquote>
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		<title>Two in a Row for IAC</title>
		<link>http://allthingsd.com/20091027/two-in-a-row-for-iac/</link>
		<comments>http://allthingsd.com/20091027/two-in-a-row-for-iac/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 12:34:16 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[analysts]]></category>
		<category><![CDATA[Ask.com]]></category>
		<category><![CDATA[Barry Diller]]></category>
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		<category><![CDATA[IAC]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=27549</guid>
		<description><![CDATA[Barry Diller’s IAC/InterActiveCorp racked up its second profitable quarter in a row Tuesday despite a decline in advertising. The company--which runs Ask.com and the Citysearch online city guide, among other things--posted earnings of $21.3 million, or 16 cents a share, compared with a year-earlier loss of $15.2 million, or 11 cents a share.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/10/303240480_jdzBC-Th.jpg" alt="303240480_jdzBC-Th" title="303240480_jdzBC-Th" width="150" height="150" class="alignright size-full wp-image-27551" />Barry Diller’s IAC/InterActiveCorp (IACI) racked up its <a href="http://files.shareholder.com/downloads/IACI/757778008x0x326514/c2e13908-0fcc-406c-bf4d-f8b73c32cb6d/IAC%20Q3%202009.pdf">second profitable quarter in a row</a> Tuesday despite a decline in advertising. The company&#8211;which runs Ask.com and the Citysearch online city guide, among other things&#8211;posted earnings of $21.3 million, or 16 cents a share, compared with a year-earlier loss of $15.2 million, or 11 cents a share. Revenue decreased 8.9 percent to $336.6 million. Analysts surveyed by Thomson Reuters projected earnings of 13 cents on revenue of $335 million.</p>
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		<title>Verizon Doing Just Fine Without iPhone, Thanks</title>
		<link>http://allthingsd.com/20091026/vz/</link>
		<comments>http://allthingsd.com/20091026/vz/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 12:01:35 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[broadband]]></category>
		<category><![CDATA[cash flow]]></category>
		<category><![CDATA[customers]]></category>
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		<category><![CDATA[econalypse]]></category>
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		<category><![CDATA[FIOS]]></category>
		<category><![CDATA[handset]]></category>
		<category><![CDATA[hardware]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Ivan Seidenberg]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=27436</guid>
		<description><![CDATA[Verizon posted a decent third quarter this morning, besting consensus estimates. Analysts polled by Thomson Reuters had been expecting earnings of 59 cents on revenue of $27.17 billion. Excluding one-time costs, Verizon reported a profit of 60 cents a share on revenue of $27.3 billion.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/10/verizon-anti-ATTad1.jpg" alt="verizon-anti-ATTad" title="verizon-anti-ATTad" width="191" height="200" class="alignright size-full wp-image-27441" />Verizon posted <a href="http://finance.yahoo.com/news/Verizon-Wireless-and-FiOS-prnews-2577868563.html?x=0&amp;.v=1">a decent third quarter</a> this morning, besting  consensus estimates.</p>
<p>Analysts polled by Thomson Reuters had been expecting earnings of 59 cents on revenue of $27.17 billion at Verizon (VZ). Excluding one-time costs, the company reported a profit of 60 cents a share on revenue of $27.3 billion. That&#8217;s a 10 percent decline year-over-year, but still better than expected. (See chart below; click to enlarge.)</p>
<p>Wireless subscription gains, though they trailed AT&#038;T’s (T) iPhone-bolstered numbers, were impressive nonetheless. Verizon added 1.2 million wireless customers during the quarter, raising its total count to 89 million. That’s not the two million AT&#038;T added, but it certainly demonstrates that the absence of the Apple (AAPL) iPhone from Verizon’s handset lineup isn’t holding the carrier back all that much.</p>
<p>Verizon also added 198,000 net new customers for FiOS Internet and 191,000 for FiOS TV service.</p>
<p>&#8220;Verizon continues to generate strong cash flow, which we have used in building the foundation for sustainable, long-term shareowner value,&#8221; Verizon CEO Ivan Seidenberg said in a statement. &#8220;Even through the worst of the recession, we have continued to raise our dividend and to add new customers, expand markets and grow revenues based on the power and innovation of Verizon&#8217;s wireless, broadband and global networks.&#8221;<br />
<a href="http://digitaldaily.allthingsd.com/files/2009/10/vzslide.jpg" rel="lightbox"><img src="http://digitaldaily.allthingsd.com/files/2009/10/vzslide-250x187.jpg" alt="vzslide" title="vzslide" width="250" height="187" class="aligncenter size-medium wp-image-27446" /></a></p>
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		<title>AT&amp;T Activates Record 3.2 Million iPhones in Q3</title>
		<link>http://allthingsd.com/20091022/att-iphone-2/</link>
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		<pubDate>Thu, 22 Oct 2009 12:05:21 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Mobile]]></category>
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		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=27212</guid>
		<description><![CDATA[How badly does AT&#38;T want to renew its iPhone exclusivity contract with Apple? Pretty damn badly. Posting third-quarter earnings that topped Wall Street expectations this morning, AT&#38;T said it activated a record 3.2 million iPhones during the period. Of those, 40 percent were for customers new to the carrier.]]></description>
				<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/10/happy-iphone.jpg" alt="happy-iphone" title="happy-iphone" width="192" height="269" class="alignright size-full wp-image-27226" />How badly does AT&#038;T want to renew its iPhone exclusivity contract with Apple?</p>
<p>Pretty damn badly.</p>
<p>Posting <a href="http://www.att.com/gen/press-room?pid=4800&#038;cdvn=news&#038;newsarticleid=27290">third-quarter earnings</a> that topped Wall Street expectations this morning, AT&#038;T (T) said it activated  a record 3.2 million iPhones during the period (not surprising given <a href="http://digitaldaily.allthingsd.com/20091019/apple-beats-street/">Apple&#8217;s blowout quarter</a>). </p>
<p>Of those, 40 percent were for customers new to the carrier. That’s quite a bit more than Wall Street expected, and this surge did much to balance continued weakness in AT&#038;T’s wireline business (click on slide below to enlarge). In fact, if that 40 percent metric is accurate, then Apple&#8217;s (AAPL) iPhone single-handedly generated an astonishing 92 percent of AT&#038;T&#8217;s post-paid subscriber growth.</p>
<p><a href="http://digitaldaily.allthingsd.com/files/2009/10/ATT2.jpg" rel="lightbox"><img src="http://digitaldaily.allthingsd.com/files/2009/10/ATT2-250x187.jpg" alt="ATT2" title="ATT2" width="250" height="187" class="aligncenter size-medium wp-image-27223" /></a></p>
<p>&#8220;We delivered a terrific wireless quarter, IP data growth was strong and execution across the business continues to be solid,&#8221; AT&#038;T CEO Randall Stephenson said in an earnings release, and indeed, that would seem to be the case. </p>
<p>Wireless data-services revenue spiked 34 percent. And revenue from the wireless segment overall increased 8.2 percent as profit grew 41 percent. Wireless turnover rate fell to a record low of 1.4 percent. </p>
<p>Meanwhile, wireline revenue fell 7.1 percent, profit 30 percent. </p>
<p>So in the end, AT&#038;T posted earnings of $3.2 billion, or 54 cents a share, down from $3.23 billion, or 55 cents a share, a year earlier. Revenue slipped 1.6 percent to $30.86 billion. Analysts polled by Thomson Reuters expected per-share earnings of 50 cents on revenue of $30.88 billion.</p>
<p>At $26.86, shares of AT&#038;T are up about 3.5 percent in early morning trading.</p>
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