By Tim Conneally July 22, 2009
Today, Amazon announced that it will be acquiring popular Internet clothing and footwear store Zappos.com for approximately $807 million. The closing price of Zappo's stock will actually drive the deal up to around $880 million when it closes this fall. Additionally, Zappos employees will receive $40 million in cash and restricted stock. The company was voted #23 in Fortune's Hundred best companies to work for in 2009 poll. Zappos will retain the same management team that's helped the brand get as popular as it has. The company's CEO, Tony Hsieh issued a statement today saying, "Over the next few days, you will probably read headlines that say 'Amazon acquires Zappos' or 'Zappos sells to Amazon'. While those headlines are technically correct, they don't really properly convey the spirit of the transaction. (I personally would prefer the headline 'Zappos and Amazon sitting in a tree...') We plan to continue to run Zappos the way we have always run Zappos -- continuing to do what we believe is best for our brand, our culture, and our business. From a practical point of view, it will be as if we are switching out our current shareholders and board of directors for a new one, even though the technical legal structure may be different."
Read more here -->Link
Wednesday, July 22, 2009
Microsoft releases Windows 7 code to PC makers
By Reuters Jul 22, 2009
Microsoft Corp said on Wednesday it is releasing the code for Windows 7 to PC manufacturers, keeping the software company on track to have machines running its new operating system in the stores by late October. The move means Hewlett-Packard Co, Dell Inc, Acer Inc and other computer makers can start to load up new PCs, laptops and netbooks with the operating system, the successor to the unpopular Vista. Both Microsoft and the manufacturers are hoping the full launch of Windows 7, scheduled for October 22, will help lift PC sales out of the slump caused by the global economic downturn, and give the holiday shopping season an extra lift. Manufacturers have been testing early versions of Windows 7 for several months, but this week marks the release of the "gold code," according to a Lenovo Group Ltd executive, referring to the software industry jargon for the finished product.
Read more here -->Link
Microsoft Corp said on Wednesday it is releasing the code for Windows 7 to PC manufacturers, keeping the software company on track to have machines running its new operating system in the stores by late October. The move means Hewlett-Packard Co, Dell Inc, Acer Inc and other computer makers can start to load up new PCs, laptops and netbooks with the operating system, the successor to the unpopular Vista. Both Microsoft and the manufacturers are hoping the full launch of Windows 7, scheduled for October 22, will help lift PC sales out of the slump caused by the global economic downturn, and give the holiday shopping season an extra lift. Manufacturers have been testing early versions of Windows 7 for several months, but this week marks the release of the "gold code," according to a Lenovo Group Ltd executive, referring to the software industry jargon for the finished product.
Read more here -->Link
Subscribe to:
Posts (Atom)