Tag Archive | "paragraph"

With Q4 Earnings Two Weeks Out And Stock Dipping, BlackBerry Suddenly Announces Mystery Order Of 1M BB10 Handsets

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z10sales

BlackBerry issued a press release today that amounts to little more than “Look! We’re selling handsets!” The four paragraph release hit the wire at 3:17 ET, and shares (which had been down on the day on the NASDAQ) shot up immediately afterwards. BlackBerry provides no details about who placed the order or why, noting only that it’s the single largest purchase order for the devices “in history.” They ended the release with a reminder that BlackBerry’s fiscal 2013 fourth quarter earnings results will be reported in two weeks time.

From the release:

BlackBerry® (NASDAQ:BBRY)(TSX:BB) announced today that one of its established partners has placed an order for one million BlackBerry 10 smartphones, with shipments starting immediately. This order marks the largest ever single purchase order in BlackBerry’s history.”An order for one million devices is a tremendous vote of confidence in BlackBerry 10,” said Rick Costanzo, EVP Global Sales, BlackBerry. “Consumers are ready for a new user experience, and BlackBerry 10 delivers. With strong partner support, coupled with this truly re-invented new platform, we have a powerful recipe for success.”

So, to recap: BlackBerry says ‘Here’s a wildly sizable order we got, with no real information provided (and no timeline for the delivery of the order, either), at a crucial time for our company when stock was slumping based on a dip after an earlier surge about acquisition rumors, ahead of quarterly results which will almost certainly be disappointing because they don’t yet represent and incorporate the launch of our new platform.”

BlackBerry told us via an emailed statement that they can’t reveal the identity of the buyer due to confidentiality agreements with the partner.

The release itself was pretty hilarious, but the chart of what happened to stock price immediately following the news is even better:

The jury is still out whether Blackberry is simply whistling past the graveyard here or if the nascent trend of major buyers upgrading their BB fleets (and bolstering the stock) will hold.

Article courtesy of TechCrunch

Paragraph Shorts Helps Readers Discover Great Short Stories Enriched With iPad-Friendly Media

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paragraph shorts

Most of you probably have lots of distractions and relatively little free time, so short stories could be a great way to get some fiction into your life — they’re more manageable, anyway, than a big doorstopper novel. That’s an idea that I see again and again when people talk about the current state of short fiction. And yet … when was the last time you actually read a short story? We certainly haven’t seen anything like a big resurgence of interest in the form.

Ziv Navoth, founder and CEO of a startup called Paragraph, is hoping to change that with a new iPad magazine called Paragraph Shorts, which aggregates short stories from publications like The Paris Review, The New Yorker, The Moth, and The Guardian. The stories are hand-picked by the Paragraph team, with added images, audio, and video, as well as social networking features.

Navoth previously ran marketing and partnerships at TechCrunch-owner AOL, which he joined through the acquisition of Bebo. And he has experience with fiction, too: He said that on the same day in 2007, Bebo launched Bebo Authors, and he published his own short story collection Nanotales. (It must’ve been a big day.)

“Shortly afterwards it became clear to me that there’s a disconnect between the amount of great shorts out there (and the demand for them) and the way they’re packaged and distributed,” Navoth told me via email. “Five years later, in the midst of a digital publishing revolution, we find that the signal to noise ratio is getting worse by the minute.”

What’s the problem? Well, Navoth argued that the low circulation numbers among most short fiction magazines are “a byproduct of the containers these stories were packaged in.” Many of those magazines aren’t even digital yet, and if they are, they aren’t experimenting with multimedia content.

Paragraph isn’t paying for the content, but it isn’t making money off the stories either. Navoth said when the app presents content in the “clutter-free” Read mode (rather than just showing the website, as it does with some stories), it gets permission from publishers. He also noted that Paragraph is doing a lot to promote the authors and publications, with one-click buttons to buy a book or subscribe to a magazine.

When I asked Paris Review editor Lorin Stein over email about why, given all the other e-reading options out there, Paragraph appealed to him, he said he appreciates the focus on fiction.

“Plus, Ziv is picky, and so are we,” Stein said. “By being picky, you earn readers’ trust, and that’s the name of the game — having readers who trust you with their time. Who know you’ll improve or deepen their lives just by showing them a story.”

The Paragraph Shorts app is free. Navoth said this is the just the first publication built on the company’s publishing platform, and while he’s only focused on “building a great reading experience” for now, the ultimate plan is to make money from the platform with things like exclusive content and limited-edition material.

I downloaded the app myself, but to be honest I didn’t have time to read a full story. I know, I know, I’m terrible — but hey, it’s the middle of CES. Nonetheless, the authors were pretty impressive (the first two issues include stories from Jonathan Franzen, Edgar Karet, Jennifer Egan, and others). And I liked the layout — not just the cleanness and customizability of Read mode, but also the way you can bring up the Twitter feeds of the original magazines by turning your iPad to landscape mode.

Paragraph Shorts is scheduled to go live today. When it does, you can download it here.

Article courtesy of TechCrunch

mPowa Replaces Hand Photo Allegedly Swiped From Square With Photo Of A Totally Different Hand

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mpowa new photo

It looks like a titanic legal struggle has been avoided. Mobile payments startup mPowa has responded to a cease-and-desist letter from Square by taking down a photo on its home page that Square said was swiped from its site.

You can read more the dispute in yesterday’s post, but basically, Square’s lawyers said it was “clear and obvious” that mPowa had copied Square’s image. mPowa CEO Don Wagner, on the other hand, told us that Square was just trying to “divert” the company’s focus. At the time, he wouldn’t say how mPowa would respond, but we heard that the company was probably just going to take the photo down.

And yes, that’s what mPowa has done, replacing one generic hand sliding a credit card through a payment device with another generic hand sliding a credit card through a payment device. (You can see the new image at the top of this post.) In its press release, the company doesn’t admit to any wrongdoing, making sure to describe Square’s complaints as “alleged”, and it has a little fun with the fact that this whole argument is about a photo of a hand. (To be fair to Square, the hand photos look awfully similar, as you can see below.) The press release is titled, “mPowa extends ‘hand of peace’ to Square,” and it includes this paragraph:

“Rather than resorting to a legal tussle over the issue, mPowa decided to extend a fresh hand in peace, replacing the allegedly offending hand with another. The company hopes this generous gesture will pour oil on the troubled cross-Atlantic waters, and that it can now go back to doing what it does best, delivering mobile payments to its customers.”

I’ve emailed Square for comment and will update if I hear back.



Article courtesy of TechCrunch

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