Business
-
There’s No Such Thing As A Fake Apple Product
By now, the year-old claim that Apple makes people work on fake products is well-known. How scandalous. To ensure the loyalty of new hires, the company puts them on “dummy” projects before letting them work on the real goods. Too bad it’s not true.
-
AOL Still Earns Most Of Its Money From Dial-Up Subscribers
AOL posted its fourth quarter financial results today, and we relearned, as we do each quarter, that AOL still earns most of its money from subscribers who for whatever reason actually pay to connect to the internet using AOL. Worse, some people pay for AOL services while paying someone else for internet.
-
Dell Goes Private — Now What?
After what seemed like ages of hints and feints, Dell has officially reached a deal to go private. It’s going to be led by its founder, Michael Dell, with financial assistance from Microsoft and private equity firm Silver Lake. Will it be enough to make the company and its products relevant again?
-
Report: Dell Founder Seeks Majority Share Using Personal Funds
Bloomberg is reporting today that Michael Dell, founder of the eponymous computer company, is seeking to take majority control of the firm using his own cash. He currently holds a 15.7 per cent stake — and will need to stump up as much as $US1 billion of his personal funds to seize 50 per cent.