economy

  • Here In Silicon Valley, Are We Killing Jobs And Making The Rich Richer?

    Here In Silicon Valley, Are We Killing Jobs And Making The Rich Richer?

    As the Occupy Wall Street movement keeps growing, many of the issues raised by the protestors continue to gain support from the average American. In particular, the erosion of the middle class due to job losses and the increasingly large income gap have become key issues in the 2012 presidential elections. At the moment, Wall Street and big corporations are getting the lion’s share of… Read More

  • Why a Bad Economy Is the Best Time to Start a Business

    Why a Bad Economy Is the Best Time to Start a Business

    A guest post by Adam L. Penenberg While researching my latest book, Viral Loop, an in-depth look at how companies like Facebook, Twitter, Flickr, Skype and others grew so big so fast, it occurred to me that each of them was founded when the economy was flat, bad, or worse, in recession. I suppose that describes virtually any company founded since the dot com bust, but what’s interesting… Read More

  • Because of the recession, y'all watched a lot of TV this year

    Because of the recession, y'all watched a lot of TV this year

    The Media Democracy Survey tries to ascertain America’s entertainment habits. It comes out every year, and this year’s edition just went live. As you might image, the terrible economy played a major role in the way Americans went about their business this past year. In fact, it turns out that Americans now watch (well, watched in the past year) an average of 18 hours of TV per… Read More

  • Does anyone in tech pay attention to unemployment numbers? Hard to buy that new gizmo when you don't have a job, right?

    Does anyone in tech pay attention to unemployment numbers? Hard to buy that new gizmo when you don't have a job, right?

    Writing about tech is so peculiar. On one hand we’re expected to be enthusiastic about the things we cover; no one wants to see us being negative and dismissive about every little thing. That’s no fun. On the other hand, you don’t want a bunch of ninnies bleating on about how great this year’s piece of plastic is compared to last year’s. How is that useful to anyone? Read More

  • Sony Ericsson posts fourth quarterly loss

    Sony Ericsson posts fourth quarterly loss


    Let’s pour a little out for Sony Ericsson because if they’re not dead now they’re dying rapidly. The phone maker posted a loss of $300 million for Q2, it’s fourth consecutive quarter of lagging earnings. What’s the problem? They’re not releasing anything anyone wants. The X1 was a dud and the rest of their new line hasn’t been announced yet. Read More

  • Dell way down this year

    Dell way down this year

    Dell, a company that makes computers, is down 63 percent from $784 million last year, leaving them at $290 million in net income. Total revenue fell $12.34 billion. Mr. Dell himself isn’t very worried – he expects a replacement cycle to hit with the launch of Windows 7. Market share fell 34 percent in desktop sales and 20 percent in notebook sales, leaving plenty of room for growth… Read More

  • CircuitCity.com's very shady return policy

    CircuitCity.com's very shady return policy

    Well, now I’m not shopping at CircuitCity.com or Best Buy. Seriously. The new CircuitCity.com launched under new management last week we found the following statement within the return policy section. Some manufacturers have implemented returns restrictions that prevent CircuitCity.com from being able to accept returns or offer exchanges, replacements or credits on their products for… Read More

  • iPhone apps getting cheaper

    Distimo, a young Dutch company that is entering the slowly but surely saturating market of mobile application distribution and monitoring services, has just released an interesting report about Apple’s App Store. It contains some noteworthy findings about iPhone app pricing and the significant influence prices have on ranking. Eventually, Distimo aims to release market-wide data on… Read More

  • T-Mobile tries to help you shrink your bills

    T-Mobile USA announced today a new campaign dedicated to helping people save money on their wireless service, and the carrier is not only using the lovely Catherine Zeta-Jones as the face of the campaign again, they’re also giving a huge vote of confidence and a heap of exposure to Redwood City, CA-based startup BillShrink. People can now visit the T-Mobile website or one of its… Read More

  • Sony Ericsson needs $135 million

    Sony Ericsson needs $135 million

    Sony Ericsson will need a hot cash injection of 100 million euro ($135 million) to survive after March 2010. Sony and Ericsson will both be raising cash in order to keep this dog afloat for a while longer and the company is cutting “one in five” jobs. The real question: Will they be missed? Read More

  • Wal-Mart stepping into the big-box electronics breech

    Wal-Mart stepping into the big-box electronics breech

    By adding higher-end, interactive displays, Wal-Mart intents to grab big box shoppers who might have once gone to dedicated electronics stores but are now looking for something a bit more interesting. That’s right: Wal-Mart looking to take over where Circuit City left off – offering high-priced electronics in a physical environment reminiscent of the canteen on a prison planet… Read More

  • Panasonic lost $3.95 billion last year

    Panasonic lost $3.95 billion last year

    Sony wasn’t the only major CE manufacturer to lose a bunch of cash last year. Panasonic did too. Except Panny’s loss was to the tune of $3.95 billion, which is slightly more than Sony’s $1.03 billion write-down. Panasonic (JP:6752) said the result reflected the impact of the stronger yen, collapsing demand and persistent price-deflation in electronics goods. There you have it. Read More

  • Blu-ray going like gangbusters

    Blu-ray going like gangbusters

    A report by NPD Group founds that Blu-ray players sold over 400,000 units, an increase of 72 percent over 2008 while sales increased 14 percent. Also, folks are more likely to get a Blu-ray player sooner than later. Read More

  • Blame the Internet: Only 38 percent of young Americans see a TV set as a necessity

    Blame the Internet: Only 38 percent of young Americans see a TV set as a necessity

    Would you still consider your TV to be a necessity, or has its functionality largely been replaced by other devices such as your computer? Well, the largest number of Americans since 1973 no longer see television as a necessity. Only 54 percent of Americans think TV is a necessity these days. Not surprisingly, young people are least likely to call TV a necessity. Read More

  • Microsoft revenue drops 6%

    Microsoft revenue drops 6%

    For the first time in 23 years software-maker Microsoft has reported a loss in quarterly sales. The company said sales fell to $13.7 billion, missing a $14.1 billion estimate. MS blames the global PC and laptop market, which is fair enough. This, perhaps, is why the big push behind netbooks has been conveniently occurring this season: cheap notebooks still need Windows products, right? And… Read More

  • Downsize Different: Apple sheds 1,600 retail employeescuts employee hours

    Downsize Different: Apple sheds 1,600 retail employeescuts employee hours

    Sucks to be an Apple retail employee. Apple has reduced the hours of of their be-t-shirted geniuses have been fired this quarter, down from 15,600 in Q1. They are also planning fewer retail locations this year and are ramping down the use of part-time employees. Read More

  • Portable housing concepts

    Portable housing concepts

    So due to the financial crisis, you’ve lost your mcmansion, the wife left and took the kids, the bank took the car, and all you’ve got left are your clothes, and maybe your bicycle. Don’t despair, you can still look stylish while being homeless! Read More

  • Job cuts to happen at Sony Ericsson

    Job cuts to happen at Sony Ericsson

    So maybe the company/venture isn’t OK as the previously released company statement indicated. Now, a few months later, word hits that 2,000 peeps are about to lose their jobs due to decline sales. Read More

  • What, Apple isn't recession-proof? Everybody panic!

    What, Apple isn't recession-proof? Everybody panic!

    In news that will surely shake the computer world to its very core, it has been revealed that Apple has shipped less computers this last year than the previous one. Mother of God. We may as well all just surrender to oblivion. Read More

  • OQO could be hurting

    OQO could be hurting

    Ah OQO. You basically made us all want you. You teased, you upgraded, and now, in the middle of this downturn and, in the face of massive competition by far inferior netbooks, you might be dying. JKOntheRun is reporting that the OQO Model 02+ won’t be sold, the company is in grave financial trouble, and eXpansys, an OQO reseller, has pulled the new product off the shelves. Read More