Posted by: Olga Kharif on July 02
According to a new report from investment banker JEGI, mobile media and technology sector had seen a 46% increase in mergers and acquisitions in the second quarter of 2009. In the first half of the year, the mobile industry had struck 16 deals valued at a total of $146 million. That's up from 11 deals valued at $107 million in the first half of 2008. Impressive.
What is going on? Clearly, activity in this sector has nothing to do with distress. Use of mobile content and applications is exploding. And companies large and small are in a land grab mode, acquiring small and promising start-ups in hopes of increasing their mobile presence. IAC and Amazon made investments in iPhone applications recently. Amazon also acquired mobile app maker SnapTell and mobile payments player Boku. "Mobile social networking and mobile content are other key areas of investment," according to the report. Yes, times are good if you are a mobile entrepreneur.
Posted by: Rob Hof on July 01
In a nod to the increasing importance of real-time search, Microsoft has started adding Twitter updates to its Bing search engine. For now, the Twitter-related results are limited only to searches on prominent Twitterers themselves, not nearly all tweets, according to a blog post by Sean Suchter, general manager of Microsoft's Silicon Valley Search Technology Center:
There has been much discussion of real-time search and the premium on immediacy of data that has been created primarily by Twitter. We’ve been watching this phenomenon with great interest, and listening carefully to what consumers really want in this space. Today we’re unveiling an initial foray into integrating more real time data into our search results, starting with some of the more prominent and prolific Twitterers from a variety of spheres. This includes Tweets from folks from our own search technology and business sphere like Danny Sullivan or Kara Swisher as well as those from spheres of more general consumer appeal like Al Gore or Ryan Seacrest.
Starting later today, when you search for these folks names in association with Twitter, you’ll see their latest Tweets come up in real time on Bing’s search results. ... (Note this feature will be rolling out gradually over the course of the next few hours so you may not see it right away.)
The answer will include that person’s latest Tweets, along with an easy link to “See more tweets” from that individual.
We’re not indexing all of Twitter at this time… just a small set of prominent and prolific Twitterers to start. We picked a few thousand people to start, based primarily on their follower count and volume of tweets. We think this is an interesting first step toward using Twitter’s public API to surface Tweets in people search. We’d love to hear your feedback as we think through future possibilities in real time search.
If you're a bit of a geek, and use the Firefox browser, you can already add Twitter search results to both Bing and Google via a software add-on called Greasemonkey. But it's pretty rudimentary, just a list of the five most recent Twitter search results for that particular query pasted atop the regular results.
A plethora of other real-time search engines is vying to become the one place to go for results on what people are talking about and sharing right now. And I suspect Google, which does offer near-real-time results for some news-oriented queries, won't wait long to add some kind of Twitter-related results in some way or another. But for now, Bing's Twitter results are one thing Google doesn't offer, and that's likely to help maintain the recent positive buzz about Bing.
Posted by: Olga Kharif on July 01
Despite all the tribulations Sirius XM has gone through in the past year, the company's board has just voted to extend the contract of CEO Mel Karmazin through 2012. As part of the new package, Karmazin receives a pay increase of $250,000 a year and 120,000 options exercisable at 43 cents a share. The stock is currently trading at 46 cents. It has jumped nearly 7% on the news of Karmazin's contract renewal.
But shareholders who have seen the stock plummet from $2 a share a year ago might question whether Karmazin deserves the kudos. Yes, he steered the company clear of bankruptcy by securing, earlier this year, a $530 million loan from Liberty Media. But at the same time, Sirius's performance of late has been nothing to write home about. This spring, the satellite radio provider reported its first-ever subscriber loss. More losses could be in the offing as demand for autos equipped with Sirius radios continues to be slow, and consumers opt for satellite radio alternatives, including Web and high-definition radios and iPods.
Sirius has just lost its executive in charge of music programming to Clear Channel. And even the Liberty Media deal leaves shareholders in the cold. The loan can be converted into equity, which would dilute holdings of existing shareholders; so Liberty Media is expected to grab a huge stake in the business at the expense of existing shareholders. While the investment possibly averted bankruptcy, it was arguably in part Karmazin's management -- for instance, his decision to wait for regulatory approval of Sirius's merger with XM for more than a year -- that brought Sirius close to the brink in the first place. The wait kept Sirius from more aggressively marketing its services. Some analysts also question Karmazin's decision, post-merger, to slash some of the company's programming in an effort to cut costs -- a decision that turned off some of the service's long-time users. All together, this seems like the wrong time for dispensing rewards.
Posted by: Olga Kharif on July 01
A survey of 1,000 American adults that was commissioned by Best Buy Mobile reveals consumers' confusion over smartphones, which are souped-up cell phones able to download applications and to surf the Web.
Released on June 30, the survey indicates that 47% of consumers who don't yet own smartphones are confused by the vast assortment of features and models available. Some 52% of women and 42% of men are confused about which smartphone to buy. Indeed, with smartphones representing the fastest-growing part of the cell-phone market, scores of companies including Apple, Research In Motion and Palm have introduced new mobile devices in the past few months. Lots of other companies, such as Acer, are planning to follow suit. As the number of smartphones available from carriers balloons in the upcoming holiday season, consumer confusion should increase further.
Is there a solution to this problem? Clearly, retailers, device manufacturers and carriers need to do a better job explaining capabilities and features of the different devices to consumers. That's where Best Buy, which has stepped up its mobiles sales push, hopes to make its mark. Still, I don't think consumers should expect any miracles. After all, manufacturers and retailers have tried but failed making PC and camera purchases easy. To make the right buy, consumers have to peruse product reviews and to survey friends. While, today, many people don't research phones before buying, perhaps that should change. Consumers need to start approaching buying phones the same way they do laptops, and to start doing more homework.
Posted by: Rob Hof on July 01
Facebook today introduced a test of new ways for its members to set and adjust their privacy settings for any piece of content they post on the site. The changes follow the recent announcement of new settings for publishing content that allow you to choose to post items that everyone, not just your friends, can see. Many see both moves in part as Facebook's attempt to blunt the rapid rise of microblogging service Twitter.
The changes, which will be tested with 40,000 members in the U.S. in the next week and around the world the week after that, don't add a lot of new options so much as make them simpler to access and set. Facebook hopes the new system, which consolidates 40 different settings on six separate pages, will encourage people to become more comfortable with posting items as freely as they do on Twitter and other services.
The gist is this: You will be able to go to one page to set whom you want to see whatever you post or personal information in your Facebook profile: from just friends to people in a chosen network you're in to the whole world--which means people who aren't Facebook members too, unless you're a minor. And if you want, you can change those settings for each piece of content you post--such as a job complaint you want only close friends to see, not your company network. A "recommended" setting will make your basic info and content posts public--in other words more Twitterlike--but provide more privacy for other things like Wall posting from others and contact info.
You can get the details on the privacy enhancements at a slide show here (and embedded above), as well as on the Facebook blog, which you can also read after the jump here.
The upshot: While the new system is clearly simpler, and will be presented by default when people initially try to post content, I suspect it will still be too much for some people to bother with. The basic problem is that Facebook aims to offer many kinds of messaging, from intimate posts to friends to rants you want the world to read. That inherently involves people making choices, sometimes post-by-post, inevitably making the process more complex. (One blogger, Jason Kincaid at TechCrunch, thinks the new system is a looming disaster because too many people won't realize the implications of public sharing. I'm not so sure it will be worse than it is today, though.)
Twitter is popular partly because it's so simple: Posts are public, or they're not. It's to Facebook's credit that it's providing choices, and to its further credit that it's now trying to make those choices simpler. But it's no sure thing yet that the new system will keep Twitter from becoming the Internet's biggest community bulletin board.
Continue reading "Facebook To Introduce New, Simpler Privacy Settings"
