Interpublic, the advertising group, has emerged as an unlikely beneficiary of the surging value of Facebook. Read more
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A leaked memo supposedly written by Nokia’s chief executive has delivered a blunt assessment of the company’s predicament, likening it to a man standing on a “burning platform”, torn between burning alive and drowning in icy waters, and saying the mobile phone maker must embrace a “radical change in behaviour” if it is to survive. Read more
By Ralph Jennings in Taipei
Could this be a way to turn any computer monitor into a touchscreen, at least for limited applications like adding a signature to a document?
A company in Taiwan has designed electronic sticky notes that can “melt” everything from a signature to a drawing right through a computer LCD screen and into the system. Read more
Silicon Valley’s commitment to shareholder democracy – or to public shareholder democracy as opposed to the influence wielded by venture capital firms – does not seem to be strong.
The news that Facebook has established a dual-class share structure, converting its existing shareholders to Class B stock carrying 10 times the voting rights of Class A shares, suggests that (despite its denials) Facebook is readying itself for an initial public offering.
It is also falling in line with Google, which created a dual-class share structure for its IPO in 2004, which also gave 10 times the voting power to some shareholders. Eric Schmidt, the company’s chief executive, and Larry Page and Sergey Brin, its co-founders, control the majority voting rights as a result. Read more
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