Friday, November 20, 2009
Google Books Settlement Proceedings to Drag on Until Mid-February
The latest revision of the Google Books settlement has been granted preliminary approval by a New York district judge, though it will be some time before that approval is finalized–if it is finalized. Judge Denny Chin of the Southern District of New York said Thursday that he will hold a hearing Feb. 18 on the new agreement, which will restore access to millions of out-of-print books, but may also one day give the company a monopoly on the largest digital library in the world.
Univision, home to Spanish-language TV staples “Sabado Gigante,” “El Show de Cristina” and “Tormenta en el Paraiso,” is coming to YouTube. This morning, the Spanish-language media outfit announced a deal that will see its programming featured on Google’s video site.
If the latest sales data are any indication, the videogame industry may be headed for a rough holiday season. NPD Group reports that revenue from consoles and software plummeted during October, falling 16.4 percent from September and 19 percent year-over-year. It was the industry’s seventh consecutive monthly decline.
As clever as it is, Verizon’s reimagining of a Rankin/Bass animated Christmas television special as a criticism of AT&T’s wireless network coverage did not go over well with Ma Bell. On Wednesday, the carrier amended its complaint against Verizon, asking a federal court in Atlanta to force its rival to immediately pull the ad and two other holiday-themed spots that debuted with it.
Looks like Bing’s September market share decline was more an anomaly than anything else. According to the latest figures from Hitwise, Bing’s share of the search market increased seven percent in October, evidently at the expense of both Google and Yahoo.
For Oracle, whose acquisition of Peoplesoft and Siebel Systems cleared in Europe without conditions, news that the European Commission issued formal objections to its purchase of Sun was likely particularly galling. According to Oracle CEO Larry Ellison, Sun is already losing $100 million a month as it waits for regulatory approval, and judging from the price of the company’s stock today, it may be losing even more.
Her dreams of heading up the World Bank dashed, former Hewlett-Packard CEO Carly Fiorina, the architect of one of the worst tech mergers in history, has turned her attention to California politics. After months of speculation, she officially announced her candidacy for the U.S. Senate today.
What do you know: China Unicom just coughed up some first weekend sales numbers for the iPhone and…well, they’re not much to look at, despite what I said earlier. The carrier sold just 5,000.
Here’s an interesting data point from Apple’s recent 10-K filing with the U.S. Securities and Exchange Commission: The company has budgeted $1.9 billion in capital expenditures for fiscal 2010. That’s 70 percent more than the $1.1 billion it spent in 2009. What does Apple plan to do with those additional funds? 
Apple’s iPhone finally arrived at market in China today and is evidently selling fairly well, despite wallet-emptying prices. ChinaNews.com found about 300 people queued up to buy the device at China Unicom’s flagship store in Beijing. 
Apple has a lot to gain by ending iPhone carrier exclusivity in the U.S. and signing up Verizon as a second carrier partner. According to Broadpoint AmTech analyst Brian Marshall, the company may do just that in the second half of 2010.
Much has changed at Yahoo since May 17, 2006, the last time the company held an investor day gathering. In May 2006, Yahoo’s shares traded at about $30 and the company claimed 28.98 percent of the U.S. search market. Today, its stock is worth a little over $16 and its share of the search market has fallen to 18.8 percent. Ugly declines, both of them. Fitting then, that Yahoo CEO Carol Bartz, speaking at the company’s first investor day gathering in three-and-a-half years, would describe Yahoo’s future as “a journey back to respect.”
The BlackBerry’s days as smart phone of choice among consumers in the U.S. appear to be winding down. While Research in Motion’s popular device is still the leader in the smart-phone space, with 40 percent market share, its dominance is threatened by Apple’s iPhone, according to ChangeWave Research.
The Pixi, Palm’s second webOS-powered smart phone, finally has a price and a U.S. street date. This morning, Sprint said the device will arrive at market Nov. 15. Price: $99.99 with a two-year contract and after $150 in rebates. Not the most aggressive of prices considering that Amazon is currently offering the Pre, Pixi’s elder sibling, for $99 with two-year contract as well.
