


Microsoft and Google are each vying to take a stake of between 5 -10 percent in Facebook, with a deal expected to be announced in the next 1 to 2 days, according to some reliable sources.
Google, in keeping with its past modus operandi, has been trying to drive the price up to a point that would scare away Microsoft. And Google may just win again causing another blow to Microsoft.
Despite recent comments by CEO Steve Ballmer that social-networking sites were "a bit faddish", Microsoft is hanging tough on this deal and from a long term strategy this time, I dont think they would want to lose this deal to Google on the final lap.
Facebook's investors are looking for a pre-money valuation of $10 billion-$15 billion in any deal. On the high side, that means Microsoft or Google would have to come up with $1.5 billion for a 10 percent stake or $750 million for a 5 percent piece
A lot is at stake and its not just a seat at Facebook's table but also hundreds of millions of dollars in potential advertising revenue. Sources said if Google emerges victorious one of the first things the company is likely to do is unwind Microsoft's advertising deal with Facebook. Conversely, if Microsoft wins, it will likely look to expand that agreement.
But PetroChina’s growth and potential, and above all the scale of its oil and gas reserves, suggest it deserves to rank alongside Exxon. Its total oil and gas reserves at the end of last year added up to 20.5bn barrels of oil equivalent, according to a new report from PFC Energy, a consultancy. On the same basis, Exxon’s were 22.8bn barrels of oil equivalent, and Royal Dutch Shell’s just 11.3bn.
The A shares to be listed in Shanghai, in an offer that could raise $10bn or more, could trade at a substantial premium over the price of the Hong Kong-listed H shares, putting the number one spot by market capitalisation within reach. With a flow of good news, that target might well be attained.Rank | Group | Market cap |
---|---|---|
1 | ExxonMobil | US$526bn |
2 | PetroChina | $433bn |
3 | General Electric | $420bn |
4 | China Mobil | $382bn |
5 | ICBC | $338bn |
6 | Altria | $331bn |
7 | Microsoft | $291bn |
8 | Gazprom | $278bn |
9 | Royal Dutch Shell | $273bn |
10 | Sinopec | $270bn |
11 | AT&T | $256bn |
12 | China Life Insurance | $241bn |
13 | BP | $240bn |
14 | HSBC | $232bn |
15 | BHP Billiton | $224bn |
MobileTechNews reports that data from Strategy Analytics‘ ProductTRAX program shows that 1.325 million iPhones have shipped since its launch.
Now, we all knew the iPhone was selling well, but the true test will be if Apple can attain the 1% global marketshare goal that it set for itself. But, even if the current iPhone doesn’t meet Apple’s self-imposed goal, the iPhone brand will undoubtedly continue to perform - the next-gen iPhone may carry the torch well into the future. Its probably the only mobile device that can be termed as "sexy" and surely a class way above the rest. The iPhone had certainly set a new standard and its now up to the other mobile manufacturers to match up to the iPhone.From 2003 to 2005, China attracted an inflow of $186.5 billion worth of foreign direct investment (FDI), the largest among developing countries.
Any difference? I m sure you will be able to see the clear difference. The Chinese has once again cloned another Nokia and this time its the high end N95. It looks almost identical other than the fact the clone is slightly bigger and has a magnificent 3" QVGA TFT screen. Clone's camera is on a decent 3 megapixels in comparison to N95 CarlZeiss lense with 5 megapixels.
An unique feature would be the ability to handle 2 SIM cards at the same time, ie you can have 2 phone numbers on one phone.
Its always difficult to nail these illegal manufactureres but on a positive perspective, perhaps legitimate manufacturers can learn something from them like the 2 slots for SIM cards and perhaps a bigger screen and much more.
The fortune of Yang Huiyan - also
He followed
Although the shares fluctuated around $600, their performance will serve as another reminder of the enormous wealth created by the nine-year-old Mountain View, California-based company since it went public at $85-a-share in 2004. Some pundits had predicted that it will even reach US$2,000-a-share. Nobody can tell how far Google's shares can continue to increase. They had broke all the psychological level from $200 all the way to $600.
Based on its current share price, Google has a market value of more than $190 billion – more than many bigger, more mature businesses such as Coca-Cola, Hewlett-Packard and IBM.
The biggest beneficiaries of Google’s share price surge have been Larry Page and Sergey Brin, the company’s co-founders who now rank among the world’s wealthiest men with fortunes approaching $20bn each.
Both Larry and Sergey had worked hard and had given all of us an accurate and comprehensive way to search for information and certainly a flawless business model for the advertisers to be listed on the search engine. Not only that, Google had gone beyond just a search engine and had empowered us with lists of new apps like Gmail, Gtalk, Google reader, iGoogle, not to mention the blog platform that i m using and many more.
Once upon a time in a village, a man appeared who announced to the villagers that he would buy monkeys for $10.00 . The villagers, seeing that there were many monkeys in the forest, went out and started catching them. The man bought thousands at $10.00.
As supply started to diminish and villagers started to stop their efforts, he announced that now he would buy them at $20.00.This renewed the efforts of the villagers and they started catching monkeys again. Soon, the supply diminished even further and people started going back to their farms. The offer rate was increased to $25.00 and the supply of monkeys became so scarce that it was an effort to even see a monkey, let alone catch it.The man now announced that he would buy monkeys at $50.00. However, since he had to go to the city on some business, his assistant would now buy on behalf of the man.
In the absence of the man, the assistant told the villagers, "Look at all the monkeys in the big cage that the man has collected. I will sell them to you at $ 35.00 and when the man comes back, you can sell them to him for $50.
The villagers queued up with all their savings to buy the monkeys.After that, neither the assistant nor the businessman could be found anywhere but the monkeys were everywhere!
So the moral of the story, dont be greedy!!
Chinese banking sector made a total profit of 268.97 billion yuan (35.8 billion U.S. dollars) in the first six months of 2007, according to the China Banking Regulatory Commission (CBRC).
The CBRC said the non-performing loan ratio of the country's banks had dropped to 8.98 percent by the end of June from 17.9 percent in 2003 when their combined profits stood at 32.28 billion yuan.
Meanwhile, total assets of the banks nearly doubled to 48.5 trillion yuan from 26.5 trillion yuan in 2003, boosted by the country's double-digit economic growth.
Thirty-one Chinese banks were listed among the world's top 1,000 banks, according to rankings released by the Banker magazine in July. Industrial and Commercial Bank of China and Bank of China ranked third and sixth respectively in terms of core capital. At the rate of growth of the Chinese banks in China, they will soon emerge as the largest bank in the world.
Of the 22 Million people who logged into Facebook in August, nearly 21 Million go on to check their profile or their friends. Beyond that,
If you are not on Facebook, i strongly recommend that you go check out Facebook and please help yourself to register and have fun. If you do need some instructions, you can go click on this link to direct you to my previous blog on the Unofficial Dummies Guide to using Facebook.
The Voyager has a nice touch phone exterior (like the iPhone) and users will be able to unclamp the phone to reveal a second screen that comes with a full qwerty keyboard! This feature makes the Verizon Voyager a much more viable option for consumers taking full advantage of mobile internet access.
Here are some of the features that comes with the Voyager :