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Although last minute replacement, what a great choice of choosing Juan Ortiz to be a keynote speaker. Good work







"I'm going to require my leaders to read. It shares real world examples that resonate across today's challenges." Anthony Royer, CEO - Allied Dispatch Solutions - Order your signed copy at




The IPO of started with a bang as the first trade was priced at $38.50, giving the company a $23 billion , well above the expected $16 billion. mgilburd@valucorp.com




























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Edamame for Japanese businessman is a winner for Germans(日本のビジネスマンにとっての枝豆は、ドイツ人にとってのウィンナーなんだなぁ)










Submittable raises $10M to help publishers and other organizations manage their submissions












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Facebook files $5 billion IPO, values the company at nearly $100 billion

The rumor, speculation and awkward Winklevii jokes can end (at least for now) as Facebook has officially filed for its public offering. Underwritten by Morgan Stanley and Goldman Sachs amongst others, the internet’s most popular site seeks to trade under the stock symbol “FB” when it goes public later this year. The company is seeking to raise $5 billion, according to this early filing, amounting to a lofty (and still tentative) valuation north of $50 billion. If that turns out to be accurate, though, Zuck will be one (especially) rich man: with a nearly thirty percent share in the company, his net worth would balloon to almost $30 billion.

The process of going public also provides a rare glimpse into internal stats previously kept private, with documents revealing the service has 845 million active users each month – nearly half of which log in and actuate 2.7 billion likes and comments each day. The filing also sheds light on the company’s balance sheet, with revenues of $777 million, $1.97 billion and $3.71 billion in 2009, 2010 and 2011, respectively. All told, it logged profits of $229 million and $606 million in those years – earnings that were bested by the $1 billion it netted in 2011. The majority of its revenue comes from advertising, yet a sizable chunk (12 percent) of last year’s figure comes courtesy of Zynga. All in all, that’s enabled the company to stash away nearly $4 billion in cash – a sizable nest egg for a company only eight years old. As for Zuck, his 2011 salary of $500,000 will be cut to $1 as of January 2013, but he’ll be more than comfortable, thanks to that 28.4 percent stake in the company.

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Apple intros App Store volume purchasing, businesses enthused

Got iOS devices deployed across your enterprise? Listen up. Apple’s just announced the Volume Purchase Program, enabling businesses to procure applications from the US App Store en-masse. Upon registering with Cupertino, corporate overlords can then access a web-form to acquire and sling apps to their plebeian employees at will. And for those needing custom corporate-only software? It looks like bespoke B2B applications – even ones built by third parties – will soon be distributed via the same mechanism. We’re not orchard owners, but them Apples are looking mighty tasty, and it’s past BlackBerry season, right? Read more
Twitter is gaining more users, losing less money

Twitter has updated us on the state of its business and, if you squint, you can almost see that things are picking up for the service. The company revealed that while revenues fell by $164 million, it managed to trim its quarterly losses down to just $62 million. By comparison, Twitter burned $167 million in the last three months of 2016 and $80 million in the same quarter last year.

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LG's smartphones are no longer hurting the company

It’s a testament to how topsy-turvy the mobile world is that a company can make its seventh successive quarterly loss and still feel good. That’s because LG’s mobile division, which managed to burn almost 500 billion Korean won in the last three months of 2016, has managed to stem the flow of blood from its neck. In fact, in the first quarter of 2017, the division managed to lose just 200 million Korean won, or $176,206.

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Apple is building its own GPU for the iPhone and iPad

Imagination Technologies is famous for one thing: it’s the company that provides the graphics for the iPhone. But today, Imagination announced that its longstanding relationship with Apple is coming to an abrupt end. In a statement, the outfit has conceded that Apple will replace the PowerVR GPU at the heart of its iOS devices with a graphics chip of its own design.

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Pandora cuts its workforce by 7 percent

Streaming is big business, although most of the companies in the space keep a nervous eye on their bank balances. Pandora, the internet radio service that seemed most at risk, has said that it’s now doing better, thank you very much. The company has posted its latest financial figures, boasting that it now has 4.3 million paid subscribers and has trimmed some of its losses. Which is nice, although there’s a poison pill buried in that news: the company will cut seven percent of its workforce in pursuit of “operational efficiency.”

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Lily Drone is dead despite $34 million in pre-orders

Lily Robotics stormed into the world with a follow-along camera drone that earned $34 million in pre-orders. But the company has now admitted that it can’t deliver the product, and will wind down in the near future. In a blog post, co-founders Antoine Balaresque and Henry Bradlow explained that they’ve run out of money.

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Sony's run out of ideas for its smartphones

If the definition of madness is doing the same thing and expecting different results, then someone needs to check in on Sony. Every six months, the company announces a handset in the hope of making some tiny level of impact on the mobile industry. And every six months, those same devices are rated as being generally fine, but not as compelling or cheap as alternatives from rival companies. You’d think that, after a couple of years of this crushingly predictable cycle, someone would have suggested a change. Well, you’d have hoped so, because the Xperia XZ just feels like more of the same.

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Analysts predict the end of the smartphone boom

Gartner’s latest research into the state of the mobile industry is a dire warning to all phone manufacturers. The financial analysis firm believes that the growth in smartphone sales will fall to a single digit, half the rate it was in 2015. It’s hard to think that people buying 1.5 billion devices in a calendar year is a bad thing, but for companies who make profit on scale, it’s a nightmare. Last year, LG made just 1.2 cents in profit for every phone it sold, and you need to sell a lot of phones at that cost before you can consider yourself a big deal.

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FreshTeam is a messaging app that tracks employee locations

Traveling salespeople of yore could get away with plenty because, hey, who was ever gonna find out? These days, there’s a smartphone in your pocket and a boss at the other end of the internet expecting an answer. That’s where FreshTeam comes in, which is an Android and iOS app designed to let employers keep track of employees without needing to harass them. By harnessing the sensors in your smartphone with its own algorithmic secret-sauce, the app is capable of detecting your presence without your input. The service allows your boss to know where you are, what you’re doing and how much battery you’ve got left on your device without ever having to ask. Yep, it does sound like a privacy nightmare, but the team’s reasoning does make some sense, at least on paper.

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Intel's diversity report shows change is slow, but important

Intel has made a big deal about its commitment to fostering a more inclusive workplace and now wants us all to see how well it did in 2015. The firm is celebrating the fact that it was just about able to exceed its goal of hiring 40 percent of new employees from diverse backgrounds and plans to push that to 45 percent this year. Overall, women now comprise 24.8 percent of Intel’s workforce, up from 19 percent in 2014, with the number of African American, Hispanic and Native American hires generally trending upward. That’s not even mentioning the chipmaker’s outside projects like teaming up with Lady Gaga to tackle online harassment.

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Foxconn likely to become Sharp's new owner

Foxconn is now the clear favorite to buy Sharp after offering $5.5 billion for the moribund electronics firm. The Wall Street Journal is reporting that Foxconn’s bid was so large that it’s now entering “exclusive talks” to seal the deal. Previously, the firm was running a close-second to INCJ, an investment fund backed by the Japanese government. It was hoped that INCJ would win in order to keep one of Japan’s oldest electronics firms out of the hands of foreign owners. Unfortunately, it’s believed that the fund offered around $2.5 billion for the loss-making maker of displays, home entertainment equipment and appliances.

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Volkswagen chokes on its first loss in 15 years

After inventing a diesel engine that doesn’t emit any harmful gases into the atmosphere, you’d think that VW would never run out of money ever again. Despite this, the German auto maker has just posted a quarterly loss of €3.48 billion ($3.84 billion) which, if we’re honest, makes very little sense. After all, the financial documents reveal that the firm was making a pile of money up until September, and then everything drops off a cliff. The only thing that makes sense is if something totally implausible took place, like discovering that the firm was using software in a global system of emissions fraud. But, if we’re honest, nobody in their right mind would attempt something so irresponsible as that, would they.

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'Angry Birds' studio cuts another 260 jobs

The firm behind Angry Birds has announced that it’s laying off a further 260 employees as it attempts to become a smaller and more profitable company. CEO Pekka Rantala admits that Rovio was too eager to “explore new business opportunities,” which it did by doing “too many things.” Unfortunately, with profits tumbling, the outfit is going to have to go back to being a stripped-down games maker. The lay-offs will come from all areas of the business except those working on the Sony-backed Angry Birds Movie in the US and Canada. It’s not much of a surprise since it looked as if the company’s day in the sun had ended a while ago. After all, Angry Birds 2 is the thirteenth title in the series, so it’s clearly been flogging a seriously-injured horse for quite some time.

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Is HTC Android's first falling giant?

HTC has announced “significant cuts” and slashed jobs after posting a $265 million net loss, with more losses promised for the future. Reuters is reporting that the poor performance has been blamed on the company’s One series of flagships that, while accomplished, are losing out to “more fashionable phones” in the market. TechCrunch is saying that HTC is hoping to reverse this trend by turning its attentions to the middle-tier of the market, devices that cost between $300 and $500, parking its tanks squarely on the lawns of Chinese rivals Huawei and Xiaomi.

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Acer feels the pain of the PC's decline

Analysts believe that the PC has had its day in the sun, and now, we’ve got another shred of proof to toss into the dossier. Acer, the world’s fifth-largest PC maker, has revealed that its revenues fell by the better part of 30 percent in the second quarter of the year. The terse announcement wasn’t supported by a full earnings release, but the figures mean that this period has been the company’s smallest quarter since 2006. The spreadsheet may be missing, but Digitimes is reporting that Acer is betting on Chromebooks, 2-in-1 and gaming laptops will restore the firm to profitability.

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Sprint's CEO is tired of T-Mobile's 'Uncarrier bullshit'

John Legere is famous for being the sweariest man in the mobile industry, but it looks as if Sprint’s Marcelo Claure now wants a run at that title. In response to a snarky tweet by the T-Mobile CEO, Claure responded by saying that he was tired of Legere’s “Uncarrier bullshit.” He went on a four-tweet takedown of the company’s policies, saying that it “trick[s] people,” and that it’s “all a fake show,” before adding the hashtag #Tmobilelikehell. We’re fairly sure that everyone who saw the exchange made the same ooo noise that pre-schoolers do when they know there’s about to be a fight in the sandbox.

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Holidaymakers in Greece urged to have 'euro stash' as 'Grexit' fears grow

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Holidaymakers in Greece urged to have ‘euro stash’ as 'Grexit’ fears grow

Holidaymakers heading to Greece are being urged to make sure they have sufficient cash in euros to get them through their trip amid fears over a possible “Grexit”. Around two million Britons make tourist trips to Greece every year - but travel and money experts said visitors should not panic over speculation that Greece could exit the eurozone. Meanwhile, concerns have also been raised over the potential impact of such an exit on UK savers’ pensions and Isas as the shockwaves are felt by the markets. One economist said shares could fall by at least 10% if Greece leaves the euro.

If you’re going to Greece, our recommendation is to have at least four to five days’ worth of euros cash on you for the entire time you are there.

Bob Atkinson, travel expert at website MoneySuperMarket.com

Greece’s central bank has warned the country could face an exit from the euro bloc and even the EU if it fails to reach a deal with bailout creditors by the end of the month. Bob Atkinson, a travel expert at website MoneySuperMarket.com, said tourists should take steps to ensure they are not left stranded without access to money. He said holidaymakers should also consider taking a small amount of sterling, and that they should keep their money in small notes in case they have difficulty getting change.

UK holidaymakers planning trips to Greece shouldn’t panic if the country leaves the eurozone. If this happened it would take around 18 months for the Greek drachma to be reintroduced.

Andrew Brown, spokesman for Post Office Travel Money

FedEx moves to 4Q loss, results miss Wall St. expectations

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FedEx moves to 4Q loss, results miss Wall St. expectations

Excluding $4.88 per share for the pension accounting changes and other items, FedEx earned $2.66 per share. The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

Revenue rose to $12.1 billion from $11.8 billion, bolstered mostly by higher revenue from the FedEx Ground division. Six analysts surveyed by Zacks expected higher revenue of $12.39 billion.

U.S. Restricts Six Banks Over Mortgage Problems

The Office Comptroller of the Currency imposed restrictions on the mortgage-servicing operations of six banks, including the national bank arms of J.P. Morgan Chase & Co. and Wells Fargo & Co., for failing to fully comply with enforcement orders related to home foreclosure abuses.