Archive for June, 2012
Although Wii U will be released this year, Nintendo did not reveal the price of their upcoming console. Nintendo president Satoru Iwata acknowledges that the initial price-point of Nintendo 3DS “was considered relatively high by consumers,” and assured that Nintendo “won’t make the same mistake” with Wii U. Iwata promises that Wii U will have a reasonable price. What would be a reasonable price for Wii U?
Spain’s borrowing costs continued to be unsustainable a day after Moody’s downgraded 28 banks based there. The yield on three-month paper was 2.362%. It was 3.23% for six-month bonds. The rates were the result of Spain raising 3.08 billion euros today. Although Spain will get a bailout for its banks that may have a price tag as high as 100 billion euros, a rescue of the country itself is now all but assured. Spain’s deficit targets are unlikely to be met as a recession there deepens and there is no sign that unemployment will fall from 25%. The real estate market, at the core of bank write-offs, continues to collapse. The interest Spain pays will continue to rise until a bailout is firmly in place.
News Corporation May Split
News Corp. (NASDAQ: NWSA), controlled by Rupert Murdoch, may be close to dividing itself into two parts. One would hold…
View original post 306 more words
Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock priced at $2.84. Shares closed at $3.14 last night, working out to a discount of nearly 10% for today’s offering.
Rising fuel costs and a slowing global economy has hit the dry bulk shippers hard. Cargoes of iron ore and coal have decreased, and day rates all but collapsed at one point. The Baltic Dry Index has recently come back to nearly 1,000, although that’s still very low, and fuel costs have moderated somewhat. Shippers like DryShips Inc. (NASDAQ: DRYS), Excel Maritime Carriers, Ltd. (NYSE: EXM), Genco Shipping & Trading Ltd. (NYSE: GNK), Diana Shipping Inc. (NYSE: DSX), Frontline Ltd. (NYSE: FRO), and Navios Maritime Holdings Inc. (
View original post 195 more words
Digital Realty Trust (NYSE: DLR) has been one of those REITs we have loved for some time, but one where we feel the price has grown too excessive. Now the company which we call “The Landlord of the Cloud” is planning to sell 8.25 million shares of its common stock in an underwritten public secondary offering. What is interesting is that the company intends to contribute the net proceeds from this offering to its operating partnership, Digital Realty Trust, L.P., to fund a portion of the purchase price for the acquisition of a three-property data center portfolio located in the greater London area. This area is the Sentrum Portfolio and the purchase price is roughly $1.1 billion to be paid for by this offering and from cash on hand and additional debt and a bridge loan.
Digital Realty also said that it may temporarily repay debt under its global…
View original post 104 more words
Farsight Studios president, Jay Obernach, thinks that Nintendo has another hit on its hands with Wii U. The development studio is currently in the process of bringing its Pinball Arcade product to the Wii U. Obernach says that the original Wii was the development teams most successful platform ever, so they are undoubtedly excited about Wii U.
“Yes, we’re hard at work on bringing our Pinball Arcade product to the Wii U. We’re using the GamePad to show the table DMD display (so it doesn’t obscure the table like it does on other platforms) — it’s really cool!”
“In particular we’re really excited about the Wii U. The original Wii was FarSight’s most successful platform ever, and we think Nintendo potentially has another hit on its hands.”
The market for ‘panic alarm’ apps on smartphones is littered with simple apps which just make a lot of noise if you get attacked, but not much else. This is a mistake.
Smartphones have cameras, microphones, and can broadcast their location – basically everything you need to turn the phone into the ultimate safety device. So it’s surprising that so few startups are addressing this area. One that has been around since 2011 out of Denmark is PanicGuard. The app will sound an alarm, SMS someone, start recording video and track your location. But it’s expensive ($6 a month), and is failing to scale outside the UK/Europe. Its main competitor is the bSafe app on iOS and Android from the startup called Bipper.
This has now launched a major push into the U.S. with both a free and paid-for model, and a way of using it for more…
View original post 299 more words
Trevor Blackwell, who served as Anybots’ CEO since he founded the company way back in May 2001 and is also a partner at famed startup incubator Y Combinator, has been replaced in the CEO role by former Cisco executive David Rogan, the company has announced.
In an interview this week, Rogan told me that Blackwell will “continue to be involved with the business” in some capacity, but declined to provide further details. We’ve emailed Blackwell for comment on the leadership change, and will report back with any additional information we receive.
As Anybots’ new CEO, Rogan said he is currently entirely focused on the company’s future — which is why he declined to provide details such as its current staff headcount…
View original post 285 more words