Plus back to the future for Nokia's new chief, and Microsoft sues a former head of business development
A quick burst of 6 links for you to chew over, as picked by the Technology team
LinkedIn files registration statement for Initial Public Offering >> The LinkedIn Blog
"LinkedIn Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by LinkedIn, and a portion will be sold by certain stockholders of LinkedIn."
Netflix Grades Broadband Internet Providers >> AllThingsD
"We do know, because Netflix already told us, that Charter gets the best marks. And it appears that Clearwire, the wireless service co-owned by Sprint and some of the big cable companies, ranks dead last. The news that most of you care about: Time Warner Cable and Comcast, the nation�??s two biggest cable companies, appear to be in the top part of Netflix�?? rankings"
Google Engages in Subtle Form of Censorship >> Mashable
Removing links to some filesharing portals, such as BitTorrent, in Auto Suggest feature. View in juxtoposition to the company's Spanish court battle
No Profits, No Problem: Demand Media IPO Soars 33% On First Day >> Wired.com
"Although the company's revenue has grown substantially, it has never turned a profit in its four-year history, a fact the company also warned investors about in its prospectus. "We have had a net loss in every year since inception," the company said. "As of September 30, 2010, we had an accumulated deficit of approximately $53 million and we may incur net operating losses in the future." "Demand is heavily reliant on web search giant Google to drive its revenue. In the first three quarters of 2010, Demand's advertising agreements with Google accounted for nearly one-third of its total revenue, according to the company. The firm also faces competition from other web publishers, including AOL and Yahoo." Wonder how many articles it has for "How do you identify an internet stock bubble?"
Microsoft claims employee stole $460,000 from the company >> Computerworld
"Microsoft has sued a former director of business development in state court, accusing him of stealing nearly $460,000 from the company and trying to make off with another $1.5 million before his scheme was uncovered. "In a complaint filed with a Washington State Superior Court, Microsoft alleged that Robert D. Curry created a fake company, Blu Games, then submitted bogus invoices for non-existent services."
Welcome Stephen Elop to Best Job in High Tech: New CEO for Nokia >> Communities Dominate Brands
Former Nokia exec Tomi Ahonen in September 2010: "Except that the job at Nokia in 2010 is actually far better, and far more than those three giants even, two decades ago! What is best, is that the strategy and business basics at Nokia are supremely sound. The new CEO inherits a powerhouse mobile phone maker giant, which is on solid foundations, well positioned to reap benefits of the economic upturn, and well poised to capture a disproportionately large share of almost any conceivable mobile phone industry opportunities that can currently be seen on the horizon, including all flavors of smartphone opportunities from superphones to app stores." Stephen Elop, January 2011: "Nokia faces some significant challenges in our competitiveness and our execution. In short, the industry changed, and now it's time for Nokia to change faster".
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Source: http://www.guardian.co.uk/technology/blog/2011/jan/28/technology-links-newsbucket
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