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<title>Haaze.com / marygrace / Published News</title>
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<pubDate>Thu, 16 Jun 2011 07:10:46 +0000</pubDate>
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<title><![CDATA[RIM misses on revenue, announces layoffs]]></title>
<link>http://www.haaze.com/story.php?title=rim-misses-on-revenue-announces-layoffs</link>
<comments>http://www.haaze.com/story.php?title=rim-misses-on-revenue-announces-layoffs</comments>
<pubDate>Thu, 16 Jun 2011 07:10:46 +0000</pubDate>
<dc:creator>marygrace</dc:creator>
<category>Technology</category>
<guid>http://www.haaze.com/story.php?title=rim-misses-on-revenue-announces-layoffs</guid>
<description><![CDATA[Despite lowering its forecasts for the quarter in late April, Research in Motion announced first-quarter fiscal 2012 earnings today and still missed its revenue target by hundreds of millions of dollars. The mobile device maker also announced it will start layoffs during the second quarter.RIM reported revenue for the quarter of $4.9 billion, down 12 percent from $5.6 billion in the previous quarter but up 16 percent from $4.2 billion during the same quarter a year ago. Earnings came in at $695 million, or $1.33 per share.Analysts expected $5.15 billion in revenue and earnings of $1.32 per share, based on RIM's restated expectations of earnings between $1.30 and $1.37 per share and $5.2 billion and $5.6 billion. The device numbers everyone was interested in: RIM says it shipped approximately 13.2 million BlackBerry smartphones and approximately 500,000 PlayBooktablets.&quot;Fiscal 2012 has gotten off to a challenging start. The slowdown we saw in the first quarter is continuing into Q2, and delays in new product introductions into the very late part of August is leading to a lower-than-expected outlook in the second quarter,&quot; co-CEO Jim Balsillie said in a statement. &quot;RIM's business is profitable and remains solid overall with growing market share in numerous markets around the world and a strong balance sheet with almost $3 billion in cash. We believe that with the new products scheduled for launch in the next few months and realigning our cost structure, RIM will see strong profit growth in the latter part of fiscal 2012.&quot;RIM says it sold 500,000 PlayBooks and 13.2 million BlackBerrys during Q1 of fiscal 2012.(Credit:Josh P. Miller/CNET)The company said in a press release that it expects layoffs to begin &quot;in the second quarter with the benefits impacting results primarily in Q3 and beyond.&quot; RIM did not give any target for the number of staff reductions.RIM already warned us these earnings weren't going to be that stellar. At the end of April the company said it expected earnings between $1.30 and $1.37 per share, and revenue between $5.2 billion and $5.6 billion, which was below the guidance the company had provided at the close of the previous quarter.The falloff in smartphone sales overall came from problems in the U.S. market and the Latin American market, Balsillie said. In the U.S. specifically, the problems were &quot;related to the age of the BlackBerry portfolio.&quot; In other words, the company has been slow to get new smartphones out the door. He added that those delays in new BlackBerrys planned for later this summer are a problem and will impact RIM's ability to take advantage of some of the back-to-school shopping period.After one quarter of selling its first tablet, Balsillie admitted that the &quot;PlayBook launch did not go smoothly as planned.&quot; He said it is now in 11 markets, with 5 more coming the next few months, and more than 1,500 enterprise companies have ordered PlayBooks.Balsillie and his co-CEO Mike Lazaridis took time to address calls that have come from some shareholders to change the company's dual-chief executive structure.&quot;Frankly, few companies would have been able to survive (the recent turmoil), but we have,&quot; said Balsillie. &quot;I believe neither of us could have taken this company this far alone.&quot;Lazaridis echoed Balsillie's comments and added, &quot;I truly believe we're approaching the final stage of this transition.&quot;Just before the earnings news hit, The Wall Street Journal reported that RIM's longtime chief operating officer, Don Morrison, would be taking a leave of absence for medical reasons.Trading of RIM shares was halted around 1:15 p.m. PT and were expected to resume again at 1:50 p.m. PT. When after-hours trading resumed, shares fell 13.87 percent to $30.43.For the next quarter, RIM is forecasting revenue between $4.2 billion and $4.8 billion. It says it expects to sell between 11 million and 12.5 million BlackBerry phones during the quarter. The number is lower because new BlackBerry 7-based phones won't start selling until the end of the quarter.RIM has also lowered its outlook for revenue for the full fiscal year. Now RIM is projecting earnings per share to be between $5.25 and $6.00, excluding any one-time charges or share repurchases. Last updated with details from the earnings call at 3:05 p.m. PT.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Hara lands funding, Ray Lane for energy software]]></title>
<link>http://www.haaze.com/story.php?title=hara-lands-funding-ray-lane-for-energy-software</link>
<comments>http://www.haaze.com/story.php?title=hara-lands-funding-ray-lane-for-energy-software</comments>
<pubDate>Wed, 18 May 2011 07:10:58 +0000</pubDate>
<dc:creator>marygrace</dc:creator>
<category>Eco</category>
<guid>http://www.haaze.com/story.php?title=hara-lands-funding-ray-lane-for-energy-software</guid>
<description><![CDATA[Hara&amp;39's dashboard allows managers to track different energy and environmental metrics, including greenhouse gases.(Credit:Hara)Start-up Hara said today it has secured $25 million from venture and corporate investors to further develop its software for managing corporations' energy and environmental footprint.Software industry veteran Ray Lane, who is an investor at Kleiner, Perkins, Caufield &amp; Byers, will become chairman of Hara's board. Other investors included General Electric, ConocoPhilips, utility NRG Energy, and Japanese industrial company Itochu. Including this series C round, Hara has raised $45 million.The investment gives Hara the wherewithal to further enhance its online application and sales force in the fledgling field of energy and environmental management software. Hara said it has about 50 customers which use its software to track and reduce energy use and other resources, such as water and waste.  &quot;Effective energy and environmental management is now a business imperative that requires full accountability from companies and their stakeholders across industries,&quot; said Lane, who was president of Oracle before becoming a venture investor, in a statement. Because businesses can spend a lot of money on energy, making a 10 percent or 20 percent reduction can mean significant savings, according to executives at energy management companies. Some businesses have set efficiency and waste-reduction targets, which can be monitored and managed in software, as part of corporate sustainability initiatives.There are a handful of companies, including C3 and ENXSuite, developing these types of applications. SAP has a &quot;sustainability dashboard&quot; product as part of its enterprise software suite and HP partnered to offer Hara's product to customers. <br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Is Yahoo still relevant Search portal expects another weak first quarter]]></title>
<link>http://www.haaze.com/story.php?title=is-yahoo-still-relevant-search-portal-expects-another-weak-first-quarter</link>
<comments>http://www.haaze.com/story.php?title=is-yahoo-still-relevant-search-portal-expects-another-weak-first-quarter</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
<dc:creator>marygrace</dc:creator>
<category>Latest News</category>
<guid>http://www.haaze.com/story.php?title=is-yahoo-still-relevant-search-portal-expects-another-weak-first-quarter</guid>
<description><![CDATA[Search provider Yahoo&amp;'s revenue slipped slightly, with revenue from search results falling 27 percent,its U.S. operations continuing to falter and minor growth in Asia keeping the company from posting significant losses.Yahoo&amp;'s net revenue was down 12 percent from $1.7 billion to $1.53 billion in the fourth quarter last year when compared to 2009. Income was up 85 percent to $220 million, up from $119 million in the fourth quarter of 2009. But that&amp;'s largely because Yahoo has ruthlessly cut costs under CEO Carol Bartz&amp;'s reign a4&quot; its total expenses were down 13 percent to $747 million from $863 million in the same quarter a year earlier. That also included research and development for products.The troubles continue to mount for Bartz, who has seen everything from asemi-exodus of Yahoo executives to apublic relationssnafu regarding online services of epic proportions during her tenure as chief executive of the search provider. Bartz took control of the company toward the beginning of 2009 in order to turn it around as Google rapidly became the dominant search provider, but she has failed to move the needle on the company&amp;'s share values since then. After a brief run-up in early 2009, Yahoo&amp;'s shares have largely built a nest at around the $15.50 mark. Despite thecompany&amp;'s best efforts to remake itself and stay relevant, Bartz&amp;'s Yahoo has largely been the same as it is today a4&quot; in line with expectations.The largest dip came from advertising on search results, where revenue fell from $863 million in the fourth quarter of 2009 to $639 million in 2010. Yahoo&amp;'s display advertising revenues, however, rose 14 percent from $559 million to $635 million. Yahoo&amp;'s search engine is powered by Microsoft&amp;'s Bing engine, and Yahoo has a revenue sharing arrangement with the company. It paid Microsoft $66 million in the fourth quarter last year and is expected to pay $36 million in the first quarter this year for the arrangement.While its revenues in the U.S. continued to sag, Yahoo saw a decent amount of growth in Asia. It&amp;'s revenue (minus traffic acquisition costs) was up 15 percent to $211 million from $184 million in the fourth quarter year-over-year. That&amp;'s compared to a 7.9 percent decline in revenue from U.S. operations, down from $965 million to $889 million year-over-year in the fourth quarter.Excluding traffic acquisition costs, Yahoo&amp;'s revenue was only down 4 percent to $1.2 billion a4&quot; which just about hit the consensus estimates from Wall Street analysts of $1.19 billion. Wall Street analysts were expecting $1.5 billion in net revenue before traffic acquisition costs and $239 million in income. Yahoo is projecting revenue between $1.02 and $1.08 billion in the first quarter this year, well below Wall Street estimates of $1.13 billion.Meanwhile, Google and Facebook are dominating the search space where Yahoo was once a major player. And to add a little bit of insult to injury, Yahoo earlier announced it is reducing its workforce by 1 percent today a4&quot; between 100 and 150 members of its staff.Even though the company&amp;'s results largely met the expectations of Wall Street analysts, its shares were still down around 3.5 percent to $15.45 in extended trading.[Photo: Yodel Anecdotal]Next Story: My favorite flight search site Hipmunk is raising $5.9M Previous Story: As social games cause disruption, Disney lays off hundreds of game studio employeesPrintEmailTwitterFacebookGoogle BuzzLinkedIn      DiggStumbleUponRedditDeliciousGoogleMore&amp;8230'          Tags: advertising, online, searchCompanies: Facebook, Google, Yahoo          Tags: advertising, online, searchCompanies: Facebook, Google, YahooMatthew Lynley is VentureBeat's enterprise writer. He graduated from University of North Carolina, where he studied math and physics, in May 2010. He has reported for Reuters. He currently lives in San Francsico, Calif. You can reach him at mattl@venturebeat.com (all story pitches should also be sent to tips@venturebeat.com), and on Twitter at @logicalmoron. Have news to share Launching a startup Email: tips@venturebeat.comVentureBeat has new weekly email newsletters.  Stay on top of the news, and don't miss a beat.<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Obituary site 1000memories not dying for cash, with $2.5M from Greylock Partners]]></title>
<link>http://www.haaze.com/story.php?title=obituary-site-1000memories-not-dying-for-cash-with-2-5m-from-greylock-partners</link>
<comments>http://www.haaze.com/story.php?title=obituary-site-1000memories-not-dying-for-cash-with-2-5m-from-greylock-partners</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
<dc:creator>marygrace</dc:creator>
<category>Latest News</category>
<guid>http://www.haaze.com/story.php?title=obituary-site-1000memories-not-dying-for-cash-with-2-5m-from-greylock-partners</guid>
<description><![CDATA[1000memories, an online crowd-sourced obituary service, announced that it has raised $2.5 million in its first round of funding from Greylock Partners.It&amp;'s an online site that creates individual landing pages for people who have died. Anyone can jump to a page and write a few words or post a picture or song.The result is a collage of photos, music and thoughts that&amp;'s supposed to capture the essence of an obituary. The site is also working on ways to share memories from the site by creating widgets and other types of sharable content, he said.The site is free for the time being and there aren&amp;'t any near-term plans to monetize the content, Adler said. 1000memories might look into creating personalized websites and having ways to output the content on the site a4&quot; say, through a &amp;''book of memories&amp;'' a4&quot; as a way to monetize the site, he said.&amp;''Right now we dona4a4t limit for how people can use it because wea4a4re so interested in seeing how we use it,&amp;'' said site co-founder Rudy Adler. &amp;''People use it to make memorials for pets, and a lot of other unexpected things a4&quot; we&amp;'re in the stage of having a conversation with our users.&amp;''The funding is a pretty big vote of confidence from Greylock Partners, which was a natural fit for the site because of the firm&amp;'s storied history with social networking sites, Adler said. The venture firm has invested in the likes of Facebook and LinkedIn.1000memories seems like a huge emotional investment for a lot of people. Most crowd-sourced sites run into the problem of ruffians and trolls infiltrating the community and trying to disrupt a4&quot; such as at sites like news aggregator Digg and online message board 4chan. 1000memories seems to have avoided that problem thus far from inspection a4&quot; most of the publicly available sites seem genuine enough.&amp;''We got a lot of spammers at first, but that seems to have scaled back,&amp;'' he said. &amp;''There have been very few disruptions.&amp;''1000memories participated in the summer 2010 class of Y Combinator, the Silicon Valley incubator, and has raised $3 million in funding to date. Greylock Partners&amp;' David Thacker will join 1000memories&amp;' board as part of the funding deal. A number of angel investors including Keith Rabois, Ron Conway and Chris Sacca also participated in this recent funding round.Previous Story: Crocodoc&amp;'s new document viewer aims to banish Acrobat from the officePrintEmailTwitterFacebookGoogle BuzzLinkedIn      DiggStumbleUponRedditDeliciousGoogleMore&amp;8230'          Tags: obituaries          Tags: obituariesMatthew Lynley is VentureBeat's enterprise writer. He graduated from the University of North Carolina, where he studied math and physics, in May 2010. He has reported for Reuters. He currently lives in San Francisco, California. You can reach him at mattl@venturebeat.com (all story pitches should also be sent to tips@venturebeat.com), and on Twitter at @logicalmoron. Have news to share Launching a startup Email: tips@venturebeat.comVentureBeat has new weekly email newsletters.  Stay on top of the news, and don't miss a beat.<br/><br/>0 Vote(s) ]]></description>
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