by admin at Thursday, October 25, 2007 in Google,Microsoft,Technology
Tags: Facebook, Google, Microsoft, Tech, Technology
Microsoft has recently purchased 1.6 % stake in Facebook for $240 Million. A surprising fact here is that Facebook, about 3 ½ years old, doesn’t have annual revenues of even $200 Million.
This is believed to be Microsoft’s response to Google’s recent major acquisitions of YouTube and DoubleClick Inc. However, it turns out that the other side of the coin has a lot to do with Microsoft internet advertising plans. Also, this investment by Microsoft just goes to say that social networking – dating, friendship, photo sharing, etc. is valuable and is here to stay.
It’s amazing to note that Facebook, which started in a dorm room in Harvard University, has been valued at $15 Billion, thanks to Microsoft. One more important thing to note here is that Facebook is the second largest social networking website, after MySpace, which was acquired by News Corp. a couple of years ago, for $580 Million.
Microsoft is relying on Facebook’s reach and popularity, which it believes can help them sell more ads online, something Google is better than them at. In June 2007, online advertising revenues of Microsoft stood at $1.84 billion, an annual rise of 21 percent. During the same fiscal year, Google’s online advertising revenues rose to $13.3 Billion, a good 64 percent rise.
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by admin at Wednesday, October 24, 2007 in Other News
Filmmaker Alexandra Pelosi has set her eyes on making fiction movie which will be based on the documentary she filmed for HBO by the name “Journeys with George”. Avid HBO viewers will remember that this documentary followed President George W. Bush’s presidential campaign of 2000.
The film, which is not yet titled, centers around a young, very impressionable news story producer, finding herself starting to deal with the huge challenges of professional life and personal love in the middle of covering and reporting on a much publicized presidential campaign.
Oscar-winner screenwriter, Mr.Steven Zaillian is producing the film. Zillian said that the tone of the movie “The Devil Wears Prada” seemed quite apparent in the documentary and he encouraged Alexandra Pelosi to use and film her experiences to give a stunningly beautiful screenplay for the movie. The project is also one which will mark Alexandra Pelosi’s debut as a screenwriter.
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by admin at Wednesday, October 24, 2007 in Technology
Microsoft is planning to announce some greatly beefed-up remote Windows phone management capabilities for mobiles when it goes ahead with introducing the System Center Mobile Device Manager 2008 software.
The new software will itself allow administrators to secure remotely and also manage different mobile phones in as much the same fashion as they manage their PCs, laptops etc. This was announced by John O’Rourke the general manager, Microsoft mobile communications arm.
CEO Steve Ballmer has planned to make this announcement during his opening speech at CTIA Wireless IT and Entertainment conference which is to be held in San Francisco.
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