The latest from TechCrunch
- TechCrunch Meetup In Kuala Lumpur/Malaysia Tomorrow
- T-Mobile Rolls Out "4G" Network To 6 Additional Cities, Sticks It To AT&T
- Conduit Reports Stats And Groupon App – Microsoft Acquisition Rumors Come Extra
- AOL's Third Quarter: Revenues Drop 26 Percent, Profit Surges (Slides)
| TechCrunch Meetup In Kuala Lumpur/Malaysia Tomorrow | Top |
| Sarah Lacy isn’t the only TechCrunch writer discovering new startups in South East Asia at the moment. I just arrived in Kuala Lumpur, Malaysia, where I will be speaking at the MSC Malaysia MAD TechVentures Conference 2010 ( Facebook page ). More importantly, the event will give over 20 startups from the region the chance to pitch their products to a several hundred person audience on November 8 and 9 (I will post a detailed report on the conference on TechCrunch after that). If you’re an avid TechCrunch reader in Malaysia, please join me for the TechCrunch Meetup that’s going to happen as early as tomorrow evening at the Plug and Play Technology Garden Kuala Lumpur (sorry for the extremely short notice). Click here for details and registration. The event is being organized by Entrepreneurs.my and the Technopreneurs Association Malaysia (it’s independent of the conference mentioned above), with the support of Plug and Play. Special thanks to local mover and shaker Daniel Cerventus for putting the event together so quickly. Looking forward to meeting you there tomorrow! | |
| T-Mobile Rolls Out "4G" Network To 6 Additional Cities, Sticks It To AT&T | Top |
| There was much celebration this morning when T-mobile fired up their 4G network in an further 6 US cities. Residents of Chicago, Ill.; Colorado Springs, Colo.; Ft. Wayne, Ind.; Louisville, Ky.; and Raleigh-Durham and Wilmington, N.C were heard to let out audible cries of joy when the download speeds on their HSPA+ handsets reached peak speeds of nearly 12mbps and average speeds of 5mbps. To celebrate this, T-mobile will release their latest HSPA+ handset, the myTouch 4G , tomorrow, alongside a Dell Mini 10 HSPA+ compatible netbook. Read more… | |
| Conduit Reports Stats And Groupon App – Microsoft Acquisition Rumors Come Extra | Top |
| Conduit , the VC-backed company that enables publishers to create and distribute apps on the Web via browser toolbars, is sharing some stats with the world today ( as they’ve done before ). The startup says it currently powers apps for a network of over 260,000 web publishers, including Mochi Media and Justin.tv , enabling it to reach a potential audience of some 200 million users via its Conduit Network. The company adds that Conduit-powered apps have increased in user adoption, on average, by 69% each month during the past 12 months. Social commerce sensation Groupon is taking part in Conduit’s PR blitz with the announcement of a brand new Groupon Browser App , which notifies Groupon users, regardless of where they are on the Web, when new local deals are available (US customers only for now). Meanwhile, and timed perfectly, an Israeli publication claims Microsoft is looking to acquire Conduit for a reported $300 million, citing sources. We’re digging to find out more about the alleged acquisition talks between Microsoft and the company, but I daresay the timing of the rumormongering is a tad suspicious. A spokesperson for Conduit tells me there’s simply “no truth to the rumor”, and Microsoft informed the Israeli reporter who published the rumor that it wouldn’t comment on speculation. Still, Conduit is reportedly profitable and good for some $100 million in revenues (it has an agreement with Google in place), so combined with the distribution power it is so aptly touting this morning, it might indeed make for an interesting acquisition target. We’ll update if and when we learn more. CrunchBase Information conduit Microsoft Groupon Information provided by CrunchBase | |
| AOL's Third Quarter: Revenues Drop 26 Percent, Profit Surges (Slides) | Top |
| Our new corporate overlords (that would be AOL ) have just released their Q3 earnings report , and it’s a mixed bag. Total revenues for the quarter were down 26 percent, from $763.9 million to $563.5 million, in the previous year. This slightly tops Wall Street expectations of $557 million. Profit, meanwhile, surged thanks to cost-cutting and the gains on the sales of ICQ and its Kayak investment. Net income increased to $171.6 million, or $1.60 per share, from $74.0 million or $0.70 per share last year. (We reported on AOL’s Q2 2010 earnings here if you would like to compare). Advertising revenue fell 27 percent to $292.8 million on declines in search, display and third-party ads, AOL reported. Subscription revenue dropped 26 percent to $244.8 million. AOL says it spent $97 million on, well, us , 5Min Media and Thing Labs , and that it could spend up to $23 million more on earnouts/retention bonuses over the next three years. A couple of days ago, the company announced that it sold buildings and land on its Dulles campus, netting it $144.5 million in cash. Below are the earnings slides for the quarter. View this document on Scribd CrunchBase Information AOL Information provided by CrunchBase | |
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