January 30, 2009

Amazon CFO Says Pricing ‘Very Competitive’ In 4Q

Filed under: Misc — jeetu @ 4:13 pm

Amazon.com (NASDAQ: AMZN) was one of the very few bright spots for the stock market on Friday, soaring nearly 18% as the Dow finished its worst January ever on a down note.

Jeetu

Posted at money.cnn.com

SAN FRANCISCO -(Dow Jones)- The pricing environment for Internet retailers was”very competitive” in the final quarter of 2008, forcing Amazon.com Inc (AMZN)to report lower fourth-quarter margins, Chief Financial Officer Tom Szkutak saidThursday.

Szkutak said the company would continue to focus on providing customers withproducts they want at “great value.”

Szkutak made his comments during a conference call with reporters on Thursdayafter the Internet retailer reported fourth-quarter results that toppedanalysts’ revenue and earnings forecasts. The company also provided strongfirst-quarter sales guidance.

Gross margin, which has been a worry to analysts, slid to 20.1% from 20.6%.Free shipping, lower prices and an expanded product line has helped Amazon gainmarket share from other online retailers, but some say that growth comes at thecost of a narrower gross margin.

Amazon shares, down about one-third over the past year, were up more than 12%after hours to $56.20.

While Amazon remains the dominant e-commerce player, the recession has hitretailers across the board, and analysts were concerned the company had to cutprices to keep traffic flowing during the period.

Amazon earlier called the past holiday season its “best ever,” and its fourth-quarter report demonstrated that it is weathering the downturn better than otherInternet retailers.

India’s per capita income doubled in last 7 years

Filed under: Misc — jeetu @ 1:58 pm

wow!

Jeetu

Posted at Times of India

The average Indian’s income in 2007-08 has nearly doubled since the turn of the millennium and even adjusting for inflation, it has risen over 50% in this period.

IT employees fare poorly in tax planning

Filed under: Misc — jeetu @ 1:55 pm

Posted at The Times of India

The IT/ITeS employees in Chennai, Bangalore and Hyderabad seem to have very poor financial and tax planning, a survey conducted by an investment advisory firm has found.

YouTube now gets more searches than Yahoo

Filed under: Misc — jeetu @ 1:47 pm

(((User interaction design is melting analog media distinctions.))) :P

Jeetu

*What the hey! Really? Dang.

http://www.nytimes.com/2009/01/18/business/media/18ping.html

(…)

And now YouTube, conceived as a video hosting and sharing site, has become a bona fide search tool. Searches on it in the United States recently edged out those on Yahoo, which had long been the No. 2 search engine, behind Google. (Google, incidentally, owns YouTube.) In November, Americans conducted nearly 2.8 billion searches on YouTube, about 200 million more than on Yahoo, according to comScore.

This startling statistic (((I’ll say))) prompted Alex Iskold, the founder and chief executive of Adaptiveblue.com, a Web start-up, to ask in a blog post, “Is YouTube the next Google?” In other words, is YouTube effective as a mainstream search engine, and might it supplant or rival Google some day?

To test the idea, Mr. Iskold, whose inquiry was inspired partly by a conversation with Ian Kennedy, Tyler’s father, about his son’s search habits, performed a series of queries on YouTube and rated the results. Not surprisingly, some searches (vacuuming carpets, Donkey from Shrek) produced better results than others (George Washington, astrophysics).

As more video is added to the Web, the proportion of video searches that deliver satisfactory answers will grow, too. The question is, how far will video go as an alternative to text? (…)

(((I’ll go further — having grown up in “creole metamedia,” will today’s little kids
even *be able to tell video and text apart?* Especially if you’ve got an advanced
voice-recognition search engine which can “listen” to video and generate
closed-captioning, or that can read text aloud in several languages in real-time.)))

(((User interaction design is melting analog media distinctions.)))

MySpace CEO DeWolfe Jabs Back At Yahoo’s Bartz (Video)

Filed under: Misc — Tags: , , — jeetu @ 1:23 pm

Posted at TechCrunch

by Michael Arrington

We heard that some MySpace insiders weren’t exactly pleased when new Yahoo CEO Carol Bartz made a subtle jab at MySpace during the Yahoo earnings call earlier this week.

When asked if Yahoo would start to focus on the younger demographic, Bartz responded “So one thing I would say, I want to make sure that we serve the demographic that we have now very, very well. Also what I would tell you, the good news is, that crowd is very finicky. And just as MySpace was extremely hot and then moved over to Facebook, who knows what’s going to come next and who knows whether Yahoo! can grab that property and be successful.”

The press took that quote and ran with it, writing headlines like this one from Reuters: Facebook hotter than MySpace: Yahoo CEO Bartz.

Bartz may have singled out MySpace because of a Financial Times article noting that the company was successfully targeting Yahoo’s advertisers.

I caught MySpace CEO Chris DeWolfe in the hallway at the World Economic Forum at Davos earlier today. I have a much longer interview that I’ll post tomorrow. But I also asked him what he thought of being called out by Bartz. His response is in the video above. He was polite, but threw in a couple of zingers, saying Bartz, who is new to the consumer Internet space and is still learning, and “she’s not from this industry and it will probably take some time to get acclimated.” He also says he doubts Bartz has ever been on the MySpace website. Full transcript of the brief exchange is below.

Michael Arrington: I’m here with MySpace CEO Chris DeWolfe. Chris, sorry to grab you in the hallway, there’s something I’ve mean meaning to ask you. A couple of days ago the new Yahoo CEO Carol Bartz on an earnings call said something we found kind of funny. She said something along the lines of “Facebook is hot, MySpace isn’t, or MySpace is dead “or something along those lines. I found that interesting given that you guys have a pretty awesome revenue trajectory and also you guys are partners on OpenSocial and some other stuff. What was your reaction to that?

Chris DeWolfe:
I didn’t have a big reaction to that. I think she is fairly new to the consumer internet space and is probably still learning. I hear she’s a really smart person and she’ll do a good job there. I doubt she’s been on our site and if you look at our numbers in the United States, we have 76 million unique users and our nearest competitor has 45 million unique users. So, it’s kind of an odd statement but again, she’s not from this industry and it will probably take some time to get acclimated.

Michael Arrington: All right, thanks very much.

Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0

January 29, 2009

SocialMedia Raises $6 Million From IDG

Filed under: Misc — Tags: , — jeetu @ 8:57 am

Posted at TechCrunch

by Erick Schonfeld

Social networking advertiser SocialMedia raised $6 million from IDG Ventures. Existing investor Charles River Ventures also participated. The company was shopping around for a larger investment of around $20 million with the investment bank Savian, but decided to take a smaller amount. At least, that is the story the company is going with.

The company claims that it had $16 million in revenues last year and says it was profitable for three consecutive months thanks to the launch of a new advertising product called Word of Mouth. These are opt-in display ads that asks people on social networks to answer a question or take a poll. The point of these ads are to find people who have an affinity for a brands and then rebroadcasting that affinity to their friends.

Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0

January 28, 2009

Jaxtr India Numbers shutdown (illegal usage)

Filed under: Misc — Tags: , , — jeetu @ 11:07 pm

Posted at Pluggd.in

by sinha

Jaxtr launched it’s VoIP service in India, around 7 months back and the service has now been shutdown due to illegal usage.

This is what Jaxtr mail reads as:

—-

We have been informed that the Indian Department of Telecommunication has temporarily disabled all our local jaxtr numbers in India. Any call placed using one of these disabled numbers will not be connected. We are working very hard to reactivate these numbers so we can continue offering you our excellent services.
While we continue to work with the Indian government and our partners to resolve this issue, our Click-to-Call services will remain uninterrupted and available for your use.
Be aware that our Click-to-Call service will continue to work while we solve this problem. To use our Click-to-Call service, please visithttp://www.jaxtr.com/user/home.jsp and click the “Click to Call” button.
We apologize for any inconveniences and will let you know as soon as the issue has been resolved. Should you have further questions, please contact our Customer Support department at: support@jaxtr.com.
- The jaxtr team

Strange that Indian govt. took 7 months to figure out that Jaxtr’s India number isn’t legal?

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January 26, 2009

Sun Claims MySQL Backend Requires Commercial License | blogitude.com

Filed under: Misc — jeetu @ 3:17 am

This would be a disaster!

Jeetu

Posted at www.blogitude.com

A software developer, working on a for-profit website, contacted me today, more than a little worried over something Sun had told them…

     “Since you’re running your application on top of MySQL, you are required to purchase an enterprise license for MySQL.”

     So it seems that Sun wants to change the terms of the Free, Open Source version of the MySQL product such that any software developer who allows the use of their Free, Open Source backend has to pay Sun a small fortune for an Enterprise MySQL License.  Not only is it complete and utter bullshit, this is typical of Sun’s usual strong-arm tactics which nearly every commenter on Matt’s article warned about.

US may attack Pak if it had intelligence: Biden

Filed under: Misc — jeetu @ 3:08 am

Posted at The Times of India

US Vice President Joe Biden on Sunday said the US would not hesitate to attack Pakistan, if it had actionable intelligence against ‘high-value’ Al-Qaida targets.

A Guide to Recommender Systems

Filed under: Misc — jeetu @ 2:58 am

Amazon: King of Recommendations!

Jeetu

Posted at ReadWriteWeb

We’re running a special series on recommendation technologies and in this post we look at the different approaches – including a look at how Amazon and Google use recommendations. The Wikipedia entry defines “recommender systems” as “a specific type of information filtering (IF) technique that attempts to present information items (movies, music, books, news, images, web pages, etc.) that are likely of interest to the user.” That entry goes on to note that recommendations are generally based on an “information item (the content-based approach) or the user’s social environment (the collaborative filtering approach).” We think there’s also a personalization approach, which Google in particular is focused on. We explore some of these concepts below.

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In a recent post, Xavier Vespa of the blog HyveUp analyzed 3 different approaches to recommendation engines on the Web. He identified that Pandora used “deep structural analysis of an item” for its recommendations, Strands focused on “intensive social behavior analysis around an item” and Aggregate Knowledge did “structural analysis of an item, paired with behavioral analysis around the item”.

A couple of years ago, Alex Iskold outlined what he saw as the 4 main approaches to recommendations:

  • Personalized recommendation – recommend things based on the individual’s past behavior
  • Social recommendation – recommend things based on the past behavior of similar users
  • Item recommendation – recommend things based on the item itself
  • A combination of the three approaches above

Amazon: King of Recommendations

In that post, Alex analyzed what Amazon.com – probably the canonical example of recommendations technology on the Web – used to power it’s recommendations. Unsurprisingly, he found that Amazon used all 3 approaches (personalized, social and item). Amazon’s system is very sophisticated, but at heart all of its recommendations “are based on individual behavior, plus either the item itself or behavior of other people on Amazon.” What’s more, the aim of it all is to get you to add more things to your shopping cart.

As Xavier identified, other newer Internet companies have tended to focus on specific methods of recommendation. For Pandora, it is a deeper analysis of the item (using its “gene” theory); Strands has taken a boatload of VC money to try and become the number 1 social recommendations provider on the planet; and Aggregate Knowledge is taking more of a behavioral approach.

Google: Focus on Personalized Recommendations

The most successful Internet company of this era has without a doubt been Google. It too has been using recommendation technologies to improve its core search product. There are two ways that Google does this:

  1. Google customizes your search results “when possible”
    based on your location and/or recent search activity;
  2. When you’re signed in to your Google Account, you “may see even more relevant, useful results based on your web history.”

So Google is using both your location and your personal search history to make its search results supposedly stronger. This is very much the ‘personalized recommendation’ approach – and indeed personalization has been a buzzword for Google in recent years. However, the two other types of recommendation are also present in Google’s core search product:

  1. Google’s search algorithm PageRank is basically dependent on social recommendations – i.e. who links to a webpage;
  2. Google also does item recommendations with its “Did you mean” feature.

There are surely other ways recommendations technologies are being deployed in Google search – not to mention the range of other products Google has. Google News, its start page iGoogle, and its ecommerce site Froogle all have recommendation features.

ReadWriteWeb Resources for Recommendation Technologies

Let us know what types of recommendation technologies other companies are using. We also invite you to explore using our custom ReadWriteWeb Resources:

Discuss

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