Daily Archives: July 28, 2009

Chris Nuttall

Spansion, the chipmaker hit by overcapacity and falling prices for Flash memory, could emerge from Chapter 11 bankruptcy protection in the fourth quarter.

The debt-ridden Silicon Valley company filed for protection from its creditors on March 1, but its latest quarterly results show restructuring left it with cash balances of $220m at the end of June, up from $95m in March. It reported $376m in quarterly sales. 

Chris Nuttall

THQ and chief executive Brian Farrell (pictured) made a fighting comeback in the June quarter, with their mixed-martial arts game selling nearly 3m copies and returning the video game publisher to profit.

THQ reported sales up 77 per cent on the previous year at $243.5m and profits of 9 cents a share compared to losses of 41 cents. 

Chris Nuttall

Verizon is turning to machines as a source of new subscriber growth, in a joint venture with wireless chipmaker Qualcomm.

The great thing about machines is they won’t churn, said Steve Pazol, head of the new company at a press-conference launch today. He cited the example of a John Deere tractor sitting in a field having no interest in switching to a cheaper family plan with another carrier. 

David Gelles

Some bloggers are under increased scrutiny for failing to disclose relationships they have with companies they promote in posts.

The FTC is considering new guidelines that would hold bloggers and companies liable for untruthful statements made on blogs or social media sites, and organisations such as Word of Mouth Marketing Association and the Social Media Business Council are developing codes of ethics that encourage transparency for independent and corporate bloggers alike.

Now a group of “mommy bloggers” is banding together to promote a group called Blog With Integrity. The self-organised, self-policing group aims to instill a new measure of credibility in the blogosphere by encouraging bloggers to come out and proclaim their incorruptibility. 

Chris Nuttall

It is clear from the moment visitors step into the lobby of AOL’s New York headquarters that this soon-to-be-spun-off internet division of Time Warner remains a work in progress, writes Kenneth Li.

Tim Armstrong, AOL’s chief executive since March, would prefer that visitors based their initial impressions by starting with his office. A giant black-and-white poster of CNN founder Ted Turner in Apple’s “Think Different” advertising campaign hangs on a wall in a room surrounded by pictures of his three children.