Daily Archives: April 29, 2010

Steve Jobs has been in the news lately, partly involuntarily due to the mislaying of his next generation iPhone, and partly of his own volition.

His latest piece of communication came this morning with his long post explaining his opposition to Flash, the Adobe video product that he has banned from iPads.

The intriguing aspect of his missive is his insistence that Apple is more open than Adobe in its approach to mobile web standards. This is ironic, since Apple has faced criticism that it operates a closed platform with the iPhone, iPad and iTunes. Read more >>

David Gelles

It was only in March that LivingSocial, the number two group buying site, took $25m in Series B funding. That, apparently, only tided the fast-growing company over for six weeks. Today the company is back with another $14m in funding, largely from the same investors.

That may seem like a lot of cash to take on in a few short months, and it is. But it pales in comparison to the $135m that Groupon, the leader of the pack, took from Digital Sky Technologies and friends a few weeks ago. Read more >>

The FT’s Lex column writes that while Hewlett Packard’s acquisition of Palm may make a degree of financial sense for both companies, the challenge will be to meaningfully integrate Palm without alienating existing partners.

HP is a long-term partner of Microsoft, and is soon to release the first real competitor to the iPad: a touchscreen slate running Windows 7. In promoting Palm, the two companies will have conflicting priorities for the development and marketing of some new products, while playing nice on the full scale PC side. Read more >>

Over the last few months, AU Optronics, the world’s third-biggest flat-panel maker, had the dubious honour of being the last major independent flat-panel maker in the world. The Taiwanese company Thursday, however, made it clear that it agrees with its rivals: vertical integration is the way to go.

Unlike its rivals who are each allied to just one brand, however, AUO is casting its net wide by partnering with a number of Chinese TV brands. On Thursday AUO said it would add two more of its clients to this list by establishing TV assembly joint ventures in China with both Haier and TCL Multimedia.

 Read more >>

Richard Waters

A year ago, Silicon Valley investor Roger McNamee was talking up the potential for Palm’s latest gadgets to put the iPhone in the shade – and getting into hot water with the SEC in the process (which led to this self-parodying video).

So Wednesday’s hurried sale of Palm to HP marks an ignominious retreat – even if Elevation Partners, McNamee’s buy-out firm, at least managed to protect its downside.

All-in, Elevation put $460m into Palm between 2007 and 2009 in what amounted to a big bet that it could corner a piece of the new smartphone market before slow-moving giants like Microsoft and Nokia (not to mention HP) finally got their act together. Read more >>