Posts Tagged ceo john

TDG AT TCD: Appscribe

Here on thedroidguy.com, we review and recommend some great apps for you to check out. Usually, there are lite or free versions but in order to support the developer, please try out the paid versions. However, with all the great apps out there (and a shallow wallet for some), paying for each app can add up quickly. Only if there was a way to get multiple premium apps for a low cost. Wait, there is!

Appscribe is a new service (still in a private alpha), that allows users to pay as low as $3.95/month to access premium and ad-free applications. At TechCrunch, I had the chance to speak with Appscribe’s CEO, John Tipton. Tipton’s hope is to gain 100,000 subscribers very quickly and offer developers a 2000:1 ratio for developer payout. Their catalog is just starting but they are hoping to add more apps very soon.

For users who are interested, go check out their website and sign up for their beta that should be out in the next few weeks.

 

[via lazytechguys]

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EA Buys PopCap Games for a Whopping $650 Million

 

We all know and love PopCap games. They are the driving force behind such titles as Peggle, Chuzzel and Plants vs. Zombies. EA doesn’t slack on the title front for Android, but they are general priced much higher then PopCap games are, not to mention I have yet to see them partner with Amazon for a free app of the day. To add to my thought process, the only titles that stand out in my mind are limited to the recent Scrabble, Tetris and Worms. Go figure that the games that stand out in my mind aren’t even really their creations.

The overall deal makes the buy at $650 Million dollars with $100 million in stocks and multi-year earn-out.

EA CEO John Riccitiello said in a release: “PopCap’s great studio talent and powerful IP add to EA’s momentum and accelerate our drive towards a $1 billion digital business. EA’s global studio and publishing network will help PopCap rapidly expand their business to more digital devices, more countries, and more channels.”

With EA in charge now I wonder what will happen to PopCap Games. Although it sounds like they are buying them out, it doesn’t sound like they are killing the company. At least not yet. Only time will tell what will become of this purchase. EA is going to make a killing no matter what the outcome is, with PopCap recording over $100 million in revenue in 2010. That was before the release of their titles to Android. I can only imagine what this years revenues are looking like.

Source: TechCrunch

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AT&T Evolves: LTE in 5 markets this summer and more by years end

Back in Septempber 2010 we brought our readers an article on – AT&T Launching their LTE (4G) network in mid-2011. At that time AT&T’s operations CEO, John Stankey gave us this information. Now it’s May 2011, and AT&T has announced that it will be setting up LTE in five market. These include, Dallas, Houston, Chicago, Atlanta and San Antonio.

Well AT&T, thats a good start. It’s nice to see this top mobile carrier give it’s customers something to look forward to. I would think they should really be trying to step up their game in the LTE markets. Just look at Verizon Wireless. May 19th announcements for 9 cities to receive LTE coverage. Then on May 23rd, another 21 cities announced. Big Red is on a roll, i’d say. So, after AT&T covers these 5 cities with LTE, and add 10+ more by the end of this year, customers may have good reason to rejoice.

PRESS RELEASE

AT&T Evolves: LTE in 5 markets this summer and more by years end


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Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all

You know you’re having a wacky quarter when it involves a resigning CEO, lawsuits, and rumors that one of your wholesale partners is courting your potential replacement. But can you still come out on top? Clearwire answered this question during yesterday’s Q1 2011 earnings report to investors, and the answer is just as intriguing as the quarter itself. Though it posted a substantial revenue of $242 million, the company was also inflicted with a net loss of $227 million. Don’t worry, it gets crazier — Clearwire experienced record subscriber growth, seeing an increase of 533 percent year-over-year from Q1 2010. Sounds like a contradiction, right? A few factors led to the loss, such as higher costs from network expansion and writing off the “abandonment of projects that no longer fit within management’s strategic network plans.” A loss is a loss, but at least the future looks brighter; Clearwire predicts it will end the year with nearly a million more subs than originally forecasted (9.5 million, up from 8.8). Saving the best news for last, CEO John Stanton announced his company is no longer feeling the pressure to sell off some of its spectrum, primarily due to its recent $1 billion deal with Sprint. The deal will add enough cash flow to sustain network operations for the next year, so Clearwire just needs to make sure it uses some of the extra cash to buy us all something pretty. The full press release can be found after the break.

Continue reading Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all

Clearwire posts Q1 loss amid record subscribers, decides not to sell spectrum after all originally appeared on Engadget on Thu, 05 May 2011 07:20:00 EST. Please see our terms for use of feeds.

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