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Former AOL mogul Ted Leonsis is riding high.
His Washington Capitals are the hottest team in the National Hockey League, selling out every game and setting franchise records for television viewership.
Leonsis, 54, and another former AOL guy, Steve Case, each pocketed tens of millions of dollars when they sold their Revolution Money start-up to American Express last year.
Now comes Leonsis's book "The Business of Happiness," which details his rise from a lower-middle-class Brooklyn, N.Y., kid to super-rich entrepreneur, sports team owner and documentary film producer.
Month: February 2010
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At next week's mobile trade show in Barcelona you can find a program that measures how high you can throw a Nokia smartphone, an apt metaphor for Nokia's efforts to raise its game.
But gravity might not favor the world's biggest maker of cellphones, as the focus of the $169 billion industry shifts to software and services, the "mindshare" that is lifting nimble competitors such as iPhone maker Apple and Google.
For the first time, Nokia has opted out of the Mobile World Congress this year, another trend set by Apple, which eschews industry get-togethers in favor of its own, carefully choreographed events.
Nokia will host some meetings nearby, but is reported not to be planning any new phone launches. -
It seems to me unlikely that Umar Farouk Abdulmutallab will be known to future generations of lawyers for generating any groundbreaking legal principle or issue. But when it comes to illuminating our public discourse about the "global war on terror," he is right up there with Clarence Earl Gideon, Ernesto Miranda or even Jose Padilla. His case presents in one tidy package virtually all the issues that arise from the role intelligence plays in this struggle and compels us to examine what the law requires and what it doesn't.
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PayPal said it temporarily suspended certain transactions to India so it could respond to inquiries from the Indian regulators, specifically questions on whether personal payments constitute remittances into India. Over the weekend, PayPal suspended personal payments to and from India as well as transfers to local banks in India. In addition, merchants were unable to withdraw funds in Rupees to local Indian banks.
On Tuesday, the company published a blog post stating it was working with the regulators and PayPal's bank processing partners in India to get the issue resolved as quickly as it could. "We realize that this is causing considerable inconvenience to our customers and I want to reassure you that this is a top priority for the leadership at PayPal."
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Many small businesses that deal with PayPal do so because they don't see any viable alternatives. In some cases, however, I wonder if these companies are really aware of the risks they are taking.
Do a little digging, and you will discover that PayPal's customer service record is nothing short of horrific. The company is notorious for quietly jacking up its transaction fees, and a small army of Web sites are dedicated to publicizing complaints about the service.
PayPal's pat response to such complaints reminds me of Lily Tomlin's spoof of The Phone Company: "We don't care. We don't have to."
For small businesses that rely upon PayPal, however, this is a deadly serious business. Many complaints involve cases where PayPal has frozen seller accounts without warning or explanation. These incidents can take weeks or months to sort out — and if a cash-strapped business doesn't survive the appeals process, well, that's just too bad. -
Linus Torvalds, the inventor of the Linux kernel, has an absolute disdain for mobile phones. All of the ones he has purchased in the past, the man writes on his personal blog, ended up being "mostly used for playing Galaga and Solitaire on long flights" even though they were naturally all phones run on open source operating systems.
Things have changed now, he adds, now that he has caved and bought Google's Nexus One a couple of days ago.
Torvalds has owned a number of phones before, including Google's G1 device and 'one of the early China-only Motorola Linux phones', but it took for Google to add multi-touch capabilities to the Nexus One before he finally broke down and bought one from the company's web store.
And he's loving it:
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The Washington region was paralyzed by a blizzard that dumped more than two feet of heavy snow on the area by late Saturday, knocking out power for hundreds of thousands of people, toppling trees and reducing many streets to pedestrian pathways.
Almost 218,000 homes and business were without power at the outages’ peak, and many had no heat midday Saturday at the height of the storm. By late last night, about 140,000 were still in the dark. Pepco advised customers to seek other lodging, saying it could take days to restore power to everyone. Some residents abandoned their cold, dark houses and checked into hotels. Others were trapped on side streets as snowplows concentrated on keeping major arteries clear. -
For a company that makes no products, Acacia Research (ACTG) spends a lot of time fighting over patents in court. Acacia has filed at least 337 patent-related lawsuits in its 18 years. To make money—sales are expected to rise to $68.8 million this year, from $34.8 million in 2006—Acacia acquires patents from inventors and then seeks fees from companies that it says infringe on those patents. Because Acacia licenses technologies it doesn’t design or distribute, it is known as a “nonpracticing entity.”
Executives at many tech companies—and their investors—call Acacia and its peers a different name: “patent trolls.”
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The Washington region was paralyzed by a blizzard that dumped more than two feet of heavy snow on the area by late Saturday, knocking out power for hundreds of thousands of people, toppling trees and reducing many streets to pedestrian pathways.
Almost 218,000 homes and business were without power at the outages’ peak, and many had no heat midday Saturday at the height of the storm. By late last night, about 140,000 were still in the dark. Pepco advised customers to seek other lodging, saying it could take days to restore power to everyone. Some residents abandoned their cold, dark houses and checked into hotels. Others were trapped on side streets as snowplows concentrated on keeping major arteries clear. -
For a company that makes no products, Acacia Research (ACTG) spends a lot of time fighting over patents in court. Acacia has filed at least 337 patent-related lawsuits in its 18 years. To make money—sales are expected to rise to $68.8 million this year, from $34.8 million in 2006—Acacia acquires patents from inventors and then seeks fees from companies that it says infringe on those patents. Because Acacia licenses technologies it doesn’t design or distribute, it is known as a “nonpracticing entity.”
Executives at many tech companies—and their investors—call Acacia and its peers a different name: “patent trolls.”
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We all know Marissa Mayer is a tech nerd turned fashionista, and it looks like her taste for designer clothes is rubbing off on the search giant.
But unlike the media or mobile industries, the fashion industry appears safe from Google. Google is selling “Google-inspired” scarves and other clothing to the public that were designed by emerging designers. Last year, designers who participated in a Vogue and Council of Fashion Designer program were asked to create a one-of-a-kind item inspired by Google in some way that reflected Google’s aura. Google transformed the finalists creations into iGoogle Artists themes but selected three of the designers to produce and sell their Google-inspired couture. -
Google on Thursday began offering administrators of its paid productivity applications the ability to manage iPhones, Nokia E series and Windows Mobile devices remotely, a feature that may appeal both to business users and consumers.
Google charges $50 per year for Google Apps Premier Edition accounts, which are designed for corporate needs. Google Apps Premier includes Gmail, Google Calendar, Google Docs, Google Sites, Google Video, and Google Groups, and comes with 25GB of e-mail storage per employee. The service is interoperable with BlackBerry and Microsoft Outlook and includes business controls like password strength checks, forced SSL connections, and a 99.9% uptime guarantee SLA.
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Nice timing, Acacia Research Corporation. The mother of all patent trolls patent acquisition, development and licensing company, which was profiled in depth by BusinessWeek just two days ago, this morning announced that it has been awarded a total of $12.4 million in a patent infringement case against Yahoo.
On May 15th, 2009, a federal court jury decided that Yahoo's messenger program with IMVironments ¿ which revolves around interactive backgrounds that users can add to IM conversations ¿ infringes US Patent Number 6,205,432, filed by a trio of inventors and published back in 2001.
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It used to be that Twitter followers were worth something, or at least people thought they were worth something, which is the same thing. It was only about a year ago when Jason Calacanis was offering $250,000 to buy a spot on Twitter’s Suggested User List, which would have guaranteed him perhaps a million followers before Twitter ended up revamping the SUL to be less monolithic. He never got on the list, but if his offer would have come to roughly $0.25 per follower.
Today, you can “buy” followers on eBay for less than a penny each. Some of the Buy-It-Now listings include 5,000 followers for $20 (which comes to 0.4 penny/follower), $5,500 for $40 (0.7 penny/follower), $1,100 for $10 (0.9 penny/follower). You are not actually buying followers outright (Twitter doesn’t allow people to transfer their followers), but rather services which “guarantee” getting your account up to the promised number of followers through “proven and safe methods.” -
Users of Apple Inc.’s popular iPhone may now be able to save money by making Internet-based phone calls over AT&T Inc.’s cellular network.
Apple this week allowed new versions of several Voice over Internet Protocol services to begin working on the iPhone, according to those services. Previously, iPhone users needed a wireless Internet connection to make such calls, but the change will allow calls from anywhere that receives a strong enough 3G cellular signal.
By using VoIP applications to sidestep the phone’s normal calling software, iPhone owners could avoid using up their monthly allocation of minutes from AT&T, potentially allowing them to choose cheaper plans.