Also: Why HP should have listened to its CFO; is Foursquare overvalued?
HP should have listened to its CFO [FORTUNE]
As Fortune wrote in its May cover story How Hewlett-Packard lost its way:
"...with no warning to Apotheker, Lesjak made an impassioned case against the acquisition before the board. "I can't support it," she told the directors, according to a person who was present. "I don't think it's a good idea. I don't think we're ready. I think it's too expensive. I'm putting a line down. This is not in the best interests
of the company." Directors were shaken. Lesjak was considered a voice of sobriety, and here she was on the verge of insubordination, directly resisting a key element of her boss' strategy."
No Apple TV until November 2013, says analyst Gene Munster [BUSINESS INSIDER]
Munster's revised thinking on the Apple TV release was buried in a note on his product roadmap for Apple in 2013. Here's how he sees Apple's 2013 playing out:
- March 2013: iPad Mini with Retina display, update the little Apple TV box, allowing to do accept apps from developers, and some sort of iTunes radio product.
- June 2013: WWDC brings us previews of iOS 7, and OSX, as well as MacBook Airs with Retina displays. Look for Jony Ive's influence over iOS to start showing up here.
Previously, LeTourneau was Zynga's VP of games in charge of FarmVille 2, the company's most successful game launch over the past few months. As part of his new role, he'll be stepping away from the day-to-day job operations of FarmVille 2 to spend more time on game design across the board. LeTourneau will report to Steve Chiang, president of games, and Maureen Fan will become FarmVille 2's new general manager.
Disruptions: A $1 billion start-up might not be so fun [THE NEW YORK TIMES]
They have a lot to worry about. First, when you're the most expensive product on the shelf, very few companies can afford to buy you. Apple,Google and maybe Microsoft are on a short list of corporations that could finance an acquisition of this size without reaching for lint in their pockets afterward.
Given that Apple rarely makes acquisitions, that leaves Google, Microsoft and possibly Facebook.
Checking in on Foursquare's valuation [THE WALL STREET JOURNAL]
Foursquare is expected to bring in about $2 million in revenue this year, people familiar with the matter said, by selling targeted coupons. That is well behind the pace set by Facebook, which generated $153 million in revenue selling ads in its fourth year, and Twitter, which sold $45 million in ads at the same point in its history, according to research firm eMarketer.
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The games are lacking. If the social gaming company wants to save itself, it needs better titles.
FORTUNE -- Zynga can't catch a break.
Shares are down nearly 74% since its stock market debut. User engagement has dropped 53% in less than three years according to social game analytics firm dystillr. And its biggest bet -- the $183 million acquisition OMGPOP earlier this year -- proved a flop. But the company's biggest MOREJP Mangalindan, Writer - Oct 15, 2012 6:36 AM ET
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"I don't think you understand. We can't treat newspapers or magazines any differently than we treat FarmVille." -- Apple (AAPL) senior vice president Eddy Cue on the company's 30% revenue cut via iTunes (The Wall Street Journal)
* Zynga's (ZNGA) contributions to Facebook's overall revenues declined from 19% last year to MOREJP Mangalindan, Writer - Apr 24, 2012 3:30 AM ET
Facebook executives have choice words for Google's efforts to bring casual games to its fledgling social network.
FORTUNE -- A little less than two months after Google launched its fledgling social network, Google+, Silicon Valley's latest rivalry is heating up.
Google+ (GOOG) launched in June with an innovative group video chat dubbed Hangout. One week later, Facebook announced a video chat feature of its own in cooperation with Microsoft's (MSFT) Skype. Last MOREJP Mangalindan, Writer - Aug 16, 2011 2:53 PM ET
Customers have moved to the digital realm -- but big-brand advertisers are following reluctantly.
By Stacy Cowley, CNNMoney tech editor
FORTUNE -- There's a disconnect between big brands and their customers. People are spending more and more time online and on their gadgets, but advertisers remain wary about shifting their spending into the digital realm. Internet analyst turned venture capitalist Mary Meeker estimates that there's a $50 billion gap between where the money MOREJul 20, 2011 5:19 PM ET
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*All Things D reports that daily deals site Groupon wants that initial public offering (IPO) to happen sooner rather than later -- and by "sooner," we mean as early as this week. Regardless of when ever it does go public though, the company could be valued at $15 billion-plus. MOREJP Mangalindan, Writer - May 11, 2011 6:30 AM ET
A curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.Former CNN and Time magazine exec Walter Isaacson is working on the first authorized Steve Jobs biography ever, entitled "iSteve: The Book of Jobs," which hits shelves and e-bookstores early next year. Isaacson reportedly has unprecedented access to pen the opus, including interviews with Jobs, members of MORE JP Mangalindan, Writer - Apr 11, 2011 5:00 AM ET
A curated selection of the weekend's newsworthy tech stories from all around the Web. Read on, and join the conversation with a comment below.
"We learned that you can't rely on anyone else to control and maintain your own brand."
-- Groupon CEO Andrew Mason on its controversial Super Bowl ad. (Ad Age)
AT&T plans to buy T-Mobile USA for $39 billion, a deal that would make the former the largest mobile MOREJP Mangalindan, Writer - Mar 21, 2011 5:00 AM ET
Why Zynga's casual gaming is minting money and hooking so many people -- including yours truly.
I'm taking a break.
Right about now, I take a few minutes to harvest crops, put up several small businesses, collect rent, and hire Facebook friends to work at community halls. That's because last month, I joined the legions on CityVille, the city-building simulation game from Zynga that annoys Facebook users with News Feed MOREJP Mangalindan, Writer - Mar 14, 2011 3:17 PM ET
Every day, the Fortune staff spends hours poring over tech stories, posts, and reviews from all over the Web to keep tabs on the companies that matter. We've assembled the day's most newsworthy bits below.Less than an hour after TV media like Anderson Cooper and Dr. Phil accused Amazon of "peddling pedophilia" for recognizing and selling a pedophile "how-to" guide on Amazon's Bestsellers list, the ecommerce site pulled it from its MORE JP Mangalindan, Writer - Nov 11, 2010 6:00 AM ET
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