This column highlights the most interesting and useful business and financial commentary on media every week.
All Things D
Link: Intel Counters Report of CEO Comments on Windows 8 Bugs
"Being the world’s biggest supplier of microprocessors for personal computers makes it a little difficult to make unvarnished and off-the-cuff observations, even within the supposedly confidential confines of an internal meeting with employees.
"So when Bloomberg News reported yesterday that Intel
(NASDAQ:INTC) CEO Paul Otellini had told Intel employees at a meeting in Taiwan that Microsoft’s
(NASDAQ:MSFT) Windows 8 is being released before it is ready, it quickly made waves and prompted questions about precisely what he meant.
"Today, Intel, which would normally ignore such a kerfuffle, took the unusual step of slapping back at what it called 'unsubstantiated news reports' and reiterating an earlier comment that Otellini had made in public that, 'Windows 8 is one of the best things that ever happened to Intel.'"
New York Times Bits
Link: American Banks Undamaged by Cyberattacks
"Bank of America
(NYSE:BAC), JPMorgan Chase
(NYSE:C), US Bancorp
(NYSE:USB) and PNC
(NYSE:PNC) have been hit by a wave of cyberattacks that have caused Internet blackouts and delays on online banking sites.
"The banks have been targeted with distributed denial of service or DDoS attacks, in which hackers barrage a Web site with traffic, causing it to slow or collapse under the load. Such attacks, while a nuisance, are not technically sophisticated and typically do not affect a company’s computer network — or, in this case, funds or customers’ bank accounts.
"Last week, Bank of America, JPMorgan and Citigroup customers all experienced delays and intermittent failures on the banks’ sites. On Tuesday, Wells Fargo’s
(NYSE:WFC) online banking site also periodically fell offline."
Link: Coffee Meets Bagel Is Online Dating Meets Groupon
"Online dating has come a long way from simple text-based Yahoo
(NASDAQ:YHOO) Personals, but we still can’t seem to get away from the vaguely creepy strangers who lurk around most online dating sites. So rather than filling out lengthy online applications and trusting to the algorithm, Coffee Meets Bagel figures, why not just leverage your Facebook friends to find you a non-threatening mate? And since you need a place to have that awkward first meeting, here’s a deal at local restaurants and cafes. It’s Groupon
(NASDAQ:GRPN) meets Match.com, complete with the daily e-mails.
"CMB currently serves singles in New York City and Boston (places that are known for decent bagels, not surprisingly), but it just raised $600,000 from Lightbank and Match.com co-founder Peng T. Ong to bring the service to San Francisco (known for its great coffee), its new company headquarters. It’s a nice chunk of cash for a 5-month-old company with 50% month over month growth, 100,000 introductions, and 6,000 real-world connections."
Link: Apple Stock Returns to Where It Was Before iPhone 5
(NASDAQ:AAPL) stock has given up all of its gains from after the iPhone 5 announcement two weeks ago.
"The company’s stock closed at $665.18 on Wednesday, a decline of more than 1% on the day and the third straight day the stock ended down, and opened even lower on Thursday at $664.29. By comparison, Apple’s stock opened at $666.85 on Wednesday, Sept.12, the day the iPhone 5 was announced.
"In the week after the iPhone announcement, Apple stock rocketed to new highs passing $700 a share for the first time in its history just five days later, thanks to Wall Street’s optimism about consumer demand for the device and Apple’s aggressive roll out schedule."
Link: Barnes & Noble's Two New Tablets Want to Help You Find Your Next Book
"Barnes & Noble’s
(NYSE:BKS) two new Android Wi-Fi tablets, the 7-inch Nook HD and 9-inch Nook HD+, aim to compete with other moderately priced tablets such as Amazon’s
(NASDAQ:AMZN) Kindle Fire and Google’s
(NASDAQ:GOOG) Nexus 7. But the new Nook tablets, starting at $199 and available in October, differentiate themselves most from competitors when it comes to some new reading and discoverability features.
“'We’re Barnes & Noble and books is one of our main categories,' Theresa Horner, B&N’s VP of digital content, said at a briefing Tuesday. I’d say it’s the
main category, but either way, the company is using reading and recommendations as a selling point for the new tablets."
No positions in stocks mentioned.