Τρίτη, 30 Αυγούστου 2011

Fwd: Technology Report: Amazon may sell 3-5 million tablets in Q4: Forrester

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News Good afternoon John
One of tech's most anticipated public offerings of the year could be delayed, according to a report in the New York Post on Monday. Online gaming company Zynga may hold off on its IPO until November said The Post, citing a "source close to the company."

The delay is partly related to questions the SEC has about how Zynga measures its daily and monthly users, as well as its bookings, CNBC reported. "Zynga's accounting measures are less worrisome to the SEC than Groupon's, says one person familiar with the matter, but the agency is nonetheless working to make Zynga's prospectus as accessible to investors as possible," writes CNBC's Kate Kelly.

Renowned venture capitalist Alan Patricof, managing director of Greycroft Partners LLC, told Bloomberg TV he thinks Zynga is merely waiting for a "hole in the market," which he described as a one or two-week period where the markets are up and the underwriting bank "calls up and says we're going tomorrow."

Fortune.com's Dan Primack calls Zynga's IPO delay a "non-story." "Is it really news that market volatility might push things back a few weeks? ... This is not a story about Zynga losing anything, let along its 'zing.' Need proof. Just try substituting any other IPO candidate where the NY Post writes Zynga."

News of Zynga's potential delay comes just 36 hours after Bloomberg reported the company restructured its shareholder agreement to give founder Mark Pincus unparalleled voting power. The board approved three tiers of stock, giving each one of Pincus's shares 70 votes, up from 10, according to a document obtained by Bloomberg. The move gives Pincus more power than LinkedIn founder Reid Hoffman or Google founders Larry Page and Sergey Brin.

Zynga has asked current shareholders to agree to the new stock structure by Sept. 2.
Amazon may sell 3-5 million tablets in Q4: Forrester
August 29, 2011 03:27 PM ET
SAN FRANCISCO (Reuters) - Amazon.com Inc may sell as many as 5 million tablet computers in the fourth quarter, making the largest Internet retailer the top competitor to Apple Inc in this fast-growing niche of the consumer PC market, Forrester Research said on Monday. | Full Article
China says to get tougher in fight against hacking
August 29, 2011 11:42 AM ET
BEIJING (Reuters) - China's Supreme Court and prosecutors office will step up the fight against computer hacking by toughening penalties for those caught doing it, state media said on Monday. | Full Article
Exclusive: Majesco to release Twister video game in Nov
August 29, 2011 02:06 PM ET
NEW YORK (Reuters) - The original interactive game, Hasbro's Twister, is going interactive. | Full Article
Samsung delays tablet launch in Australia on Apple suit
August 29, 2011 08:40 AM ET
SEOUL (Reuters) - Samsung Electronics Co said on Monday it would delay the launch of its latest Galaxy tablet computer in Australia until after a court ruling in September in its ongoing global patent dispute with Apple. | Full Article
Wall Street surges 2 percent on Greek bank deal; trade thin
August 29, 2011 04:28 PM ET
NEW YORK (Reuters) - U.S. stocks soared more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe. | Full Article
Consumer spending data allays recession worries
August 29, 2011 01:47 PM ET
WASHINGTON (Reuters) - Consumer spending rose at its fastest pace in five months in July, a further sign the economy is not falling back into recession, although manufacturing activity in Texas almost stalled this month. | Full Article
Irene likely dented August auto, retail sales
August 29, 2011 04:40 PM ET
NEW YORK/DETROIT (Reuters) - Hurricane Irene hit the U.S. East Coast at the most inopportune time for many businesses, keeping millions of shoppers away from stores and auto dealerships during what should have been a busy weekend. | Full Article
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August 29, 2011 02:37 PM ET
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UAW chief says "upbeat" on auto talks
August 29, 2011 03:00 PM ET
DETROIT (Reuters) - United Auto Workers President Bob King said on Monday that he was "upbeat" about reaching a contract deal with U.S. automakers that would keep them competitive against Asian and European rivals. | Full Article
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August 29, 2011 05:01 PM ET
FAIRFIELD, N.J./BRATTLEBORO, Vermont (Reuters) - New Jersey and Vermont struggled with their worst flooding in decades on Monday, a day after Hurricane Irene slammed an already soaked region with torrential rain, dragging away homes and submerging neighborhoods underwater. | Full Article
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