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Nexus One Sales A “Flop”?
“This just in from mobile analytics company Flurry: Nexus One sales are still flopping. After 74 days on the market, Flurry estimates that Google has sold 135,000 Nexus Ones. In its first 74 days on the market, the Droid sold 1.05 million units. In the iPhone’s first 74 days on the market, it sold 1 million units. For further context, the iPad just went on sale in an online-only mode and sold an estimated 152,000 units in three days.” [Link]
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Phillips-Van Heusen Buying Tommy Hilfiger $3 Billion
“Clothing maker Phillips-Van Heusen Corp. said Monday it has agreed to buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world’s biggest clothing companies.” [Link]
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Google “99.9 Percent” Likely To Pull Out Of China
“Talks with China over censorship have reached an apparent impasse and Google, the world’s largest search engine, is now ‘99.9 percent’ certain to shut its Chinese search engine, the Financial Times said on Saturday.” [Link]
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Skype Could Have Huge IPO
“Skype looks to be Silicon Valley’s best hope for a blockbuster initial stock offering in 2010, Breakingviews says. With Facebook apparently determined to stay private until next year, Skype is in prime position to steal the scene with a quick flip, The publication argues.” [Link]
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Prius Brakes Blamed In NY Crash
“In another blow to Toyota, a suburban New York woman driving a 2005 Prius flew out of her driveway across a busy street and smashed into a stone wall. A stuck accelerator pedal is suspected, police said. The 56-year-old woman, who was not identified, suffered non-life-threatening injuries in the crash Tuesday in Harrison, N.Y.” [Link]
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Bank Of America Ending Overdraft Fees On Debit Purchases
“Bank officials said that effective this summer, customers who try to make purchases with their debit cards without enough money in their checking accounts will simply be declined. Debit purchases account for roughly 60 percent of overdrafts at Bank of America, the nation’s largest issuer of debit cards.” [Link]
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Sex.com Up For Sale Again
“Sex.com, one of the most valuable Internet domain names, will go up for auction next week after the previous owner defaulted on its debts. Escom LLC paid a reported $14 million for the Web site in 2006. But the company failed to repay debt owed to DOM Partners LLC, the New Jersey-based lender that helped finance the deal.” [Link]
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Goldman Sachs Cuts Nexus One Sales Forecast
“Investment banking and securities firm Goldman Sachs is more or less giving up on Google’s Nexus One. A note Goldman Sachs published this week indicates that it’s cut its 2010 sales forecast by a whopping 71.4 percent. As reported by the Wall Street Journal, the note stated, “We previously estimated that Google might sell 3.5 mn Nexus One units in 2010.” Now, after seeing some data from Flurry, “We forecast that Google sells 1.0 mn Nexus One units in FY2010 . . .”" Link
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McDonald’s Sales Jump 4.8%
“The McDonald’s Corporation, the fast-food chain, said Monday that sales at restaurants open at least a year climbed 4.8 percent in February on strong overseas growth and a small rise in United States sales.” [Link]
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Economy Batters Casino Revenue
“Gaming revenues in the 12 US states authorizing casinos fell 5.7 percent in 2009 to 30.7 billion dollars, according to a preliminary estimate by the American Gaming Association, a trade group. This followed a 4.6 percent drop in 2008 gross gaming receipts, the figures showed.” [Link]
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