Labor Day Stories July 22, 2014

Uber, the app-based car service that Google recently sunk $250M into via its Google Ventures investment arm, today announced that its cars in Philadelphia this summer will have free WiFi courtesy of Google. Google also made an announcement on its own blog noting that the initiative is sponsored by Google Apps for Businesses, the online suite of productivity tools that Google hopes users in the back of the new WiFi-equipped Uber vehicles will take advantage of.  expand full story

Labor Day Stories August 17, 2011

 

 

According to the Wall Street Journal, Kodak has started the process of auctioning off some or all of its lucrative patents. Kodak’s demise is well documented as the once $30B company has seen its market cap slide to around $800m as the digital imaging company has continuously lost share to competitors. According to the WSJ one potential bidder is “a large, strategic buyer in the wireless industry looking to use the patents for defensive protection.”

This news comes on the tails of this past Monday’s acquisition of Motorola Mobility by Google for a whopping $12.6B in cash. Google has long been rumored as potential suitors of multiple patent-holding companies such as InterDigital, Kodak and of course Motorola Mobility. If these Kodak patents do sell, they will not gather nearly as high of a price as the Motorola deal, but could likely see Kodak’s stock take a nice move up.  This morning’s news of one analyst saying Kodak’s patents could be worth 5x the company’s market cap sent shares up more than 25% and are currently up more than 5% in after hours trading on the latest Wall Street Journal news.  Meanwhile, InterDigital saw a pop in its shares today as another rumor was swirling that an auction will take place after Labor Day weekend and that there are multiple interested parties. expand full story

Deal: Get Pixelbook at 25% off: $750!

Powered by WordPress.com VIP