PayPal said in March that it planned to double revenues in two years, growing from $2.4bn to $5bn by 2011. It was an audacious goal, but today PayPal gave some indication of how it hopes to achieve as much.
With the official introduction of its platform on Thursday, PayPal invited third-party developers to tap into the PayPal experience and weave it into their own applications and websites. Called Adaptive Payments, the platform should expand PayPal’s reach, bringing it to iPhone, Facebook and Twitter applications, and perhaps into the physical retail world. Read more
Qualcomm’s lengthy legal battles mean no rest for the leading wireless chipmaker’s general counsel Don Rosenberg (pictured).
After a sleepless night dealing with the Korean Fair Trade Commission’s decision to fine it a record $207m for its “unfair” business practices, he told me about the remaining outstanding complaints facing the San Diego-based company. Read more
It’s still very early days for the “Googlephone”, but there are already signs that the strategy is working.
Google’s aim was to create a mobile platform for its services and, eventually, to drive more advertising. Data from Admob (which serves up 8bn mobile adverts a month and so has as good a view as anyone of where those ads are going) show the plan is unfolding on schedule.
The HTC Dream – the first Google phone, launched by T-Mobile late last year – first appeared in March on Admob’s list of top-20 handsets, based on the volume of advertising they consume. By last month, it had risen all the way to the number six slot. Read more
The fog is finally starting to lift. That was the message from storage maker EMC as it reported second quarter earnings and for the first time this year offered guidance. Until now, EMC had declined to issue a formal outlook, saying the economic picture was too murky and tech spending remained unpredictable.
But in projecting full year earnings that beat analyst expectations, EMC signalled that the worst of the downturn was over for it, and perhaps the tech sector. “We now have better visibility and more confidence in the second half of 2009,” said chief financial officer David Goulden. Read more
It’s official. The final Windows 7 bits have been set in stone. With today’s Release to Manufacturing, Microsoft can finally close its sorry Windows Vista chapter. Along with the global consumer launch on 22nd October, Microsoft is planning a business launch for the new versions of both the Windows client and server operating systems on 9th November.
This will be the first time the new server software is launched at the same time as a new client, says Bill Laing, head of the Windows server division. Expect some heavy “better together” marketing later this year as Microsoft tries to convince IT departments of the cost savings and greater manageability from upgrading both client and server at the same time. Read more
An increase in prices for Nand Flash memory and deep cost-cutting have helped memory-chip maker SanDisk to a surprising profit.
Analysts had expected a loss of 17 cents a share, according to Reuters Estimates, but the leading flash memory card maker reported a second-quarter profit of 36 cents. Sales of $731m beat Wall Street expectations of $711m. Read more