Inmarsat had three catastrophic days last week if investor sentiment is any guide. Inmarsat, which supplies satellite-based services and communications mainly to the maritime and aircraft industries, was within the past year trading at a buoyant 724p per share. Last Monday (November 14) its price stood at 470p, already massively depressed. But from Wednesday to […]
A resolution passed by the European Parliament has called for the Internet to be kept “open and neutral”, and that attempts to infringe on net neutrality should be blocked. The resolution described net neutrality as “a significant prerequisite for enabling an innovative Internet ecosystem and for securing a level playing field at the service of […]
Logitech CEO Guerrino de Luca has admitted it blew $50 million on Google TV, which it dropped last week. He said they might back the platform again but this time “the product was not mature at the launch.” Google does not disclose how many users it has for Google TV but has admitted version 1 […]
Starz President Chris Albrecht has said his network would launch an HBO Go-like application to allow subscribers to watch its content on a variety of digital devices. Also, for the first time, he indicated a willingness to offer Starz directly to customers and not as part of a package of cable television channels. In September, […]
Dolby Labs, best known for its ‘noise reduction’ and Surround Sound products, has turned in record numbers for its Q4 and full year. Q4 net income was $79.1 million ($65m same period last year). Gross revenues for Q4 were $243.8 million (up from $227.8m). As a proportion of the above numbers Dolby’s licensing fees were […]
Big Internet brands including Google and Facebook have lined up oppose the new Stop Online Piracy Act (SOPA) bill that is being debated in Congress. Some of the Internet’s biggest names are threatening to leave the US Chamber of Commerce over a bill that would make Web companies liable for pirated content that appears on […]
BSkyB’s CEO Jeremy Darroch has told a group of bankers that despite the tough economic conditions in the UK he still anticipated growth, and would also consider returning cash to shareholders when appropriate. Speaking at a Morgan Stanley event in Barcelona, on November 16, he said “I think there are going to be some more […]
UK-based set-top technology company Pace is to take a $12 million “exceptional charge” to fund the reorganisation of Pace Europe. Fuller details of the restructuring have yet to be finalised. Pace is expected the move to then start showing savings of about $7 million each year, with about 50 per cent of that saving kicking […]
Walt Disney President and Chief Executive Robert Iger is joinning the Apple board. At the same time, Genentech Chairman Arthur Levinson, an Apple board member since 2005, will become the company’s non-executive chairman of the board, filling the role Jobs occupied briefly after his resignation as Apple’s chief executive in August. Apple has long ties […]
The BBC World News channel has been banned from buying certain programmes and accepting some sponsorship deals, after an investigation found serious breaches of the corporation’s editorial guidelines in shows about subjects including Malaysia and carbon trading. A full investigation was launched by the BBC Trust into programming on BBC World News after it found […]