7 Sep, 2010  |  Written by admin  |  under News

SAN FRANCISCO – Former Hewlett-Packard Co. CEO Mark Hurd is in talks to take a top executive job at Oracle Corp., the database software maker run by his friend Larry Ellison, a person with direct knowledge of the discussions said Sunday.

It wasn’t immediately clear what job Hurd would take. But the person told The Associated Press that Ellison, the only person to serve as Oracle’s CEO since he founded the company 33 years ago, wouldn’t be leaving that post. This person emphasized that the talks were not yet finalized.

The person was not authorized to discuss the confidential negotiations and spoke on condition of anonymity.

The possibility of Hurd landing at Oracle isn’t a surprise. Ellison was vocal in coming to Hurd’s defense after Hurd’s sudden resignation Aug. 6 in the wake of a sexual harassment investigation.

Hurd’s resignation was stunning because he was widely praised on Wall Street.

Investors praised his cost-cutting; HP announced about 50,000 job cuts over the five years Hurd was CEO. Wall Street also liked that he engineered more than $20 billion in acquisitions, which helped HP reduce its dependence on printer ink for the bulk of its profits. HP is now a major player in technology services and computer networking.

Those traits could help Hurd at Oracle, which is also known for aggressive dealmaking and cost cuts.

Hurd would also join Oracle at an interesting juncture for both companies.

Oracle, the No. 1 database software maker, and HP, the No. 1 personal computer and printer maker, are longtime partners that are increasingly squaring off against each other. Oracle’s $7.4 billion acquisition of Sun Microsystems last year made it a competitor to HP in the market for computer servers.

The Wall Street Journal reported on Hurd’s job talks with Oracle earlier.

In coming to Hurd’s defense following his resignation, Ellison called HP’s decision to oust Hurd the worst personnel decision since Apple Inc. forced out Steve Jobs — another of Ellison’s friends — 25 years ago. Jobs later returned and lifted Apple out of a funk, turning it onto a top maker of consumer-electronics products.

Ellison has said the HP board’s decision to publicly disclose the harassment claim against Hurd amounted to "cowardly corporate political correctness," as the board had found that Hurd didn’t violate the company’s sexual harassment policies.

The investigation unearthed inaccurate expense reports connected with Hurd’s outings with his eventual accuser, an actress and HP contractor named Jodie Fisher.

The substance of her claim was that her work helping organize HP events dried up after she rebuffed Hurd’s advances. Hurd, 53, who is married with two children, denies making any advances on Fisher. Hurd also insists he didn’t prepare his own expenses and didn’t try to conceal his outings with Fisher, which often included dinner after the events Fisher helped organize and that Hurd attended.

HP has emphasized that its board voted unanimously for Hurd’s resignation.

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1 Sep, 2010  |  Written by admin  |  under News


A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. REUTERS/Rick Wilking

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008.

Credit: Reuters/Rick Wilking


NEW YORK/LOS ANGELES |
Tue Aug 31, 2010 8:46pm EDT

NEW YORK/LOS ANGELES (Reuters) - Amazon.com Inc has approached media companies with a proposal for a subscription service that gives users unlimited access to some television shows and movies over the Internet in a bid to rival Netflix Inc, two people familiar with the talks said on Tuesday.

The Seattle-based online retailer has approached media companies including Time Warner Inc, CBS Corp and Viacom Inc, these people say.

It is still not clear if the media companies would agree to Amazon’s proposals which are still at an early stage, according to one person familiar with the talks.

Amazon’s website already features a range of TV shows and movies in its video-on-demand section that are generally available for sale individually from $1.99.

But an Amazon subscription service would likely be similar to Netflix’s online streaming service which works in tandem with its DVD rental business.

Like Netflix most of the TV shows and movies available for streaming would be older because the media companies are wary of devaluing their content, said the same person familiar with the talks.

News of the Amazon proposal was first reported by the Wall Street Journal which said General Electric Co’s NBC Universal was also approached.

Amazon did not return calls seeking comment. CBS, Viacom Time Warner and NBC Universal declined to comment.

The Journal reported that in at least one version of Amazon’s proposal, subscriptions could be bundled with its existing Amazon Prime service immediately, giving the service a large number of built-in subscribers.

Prime is a service that offers members free 2-day shipping on most Amazon purchases for $79 a year.

The news comes as more companies try to boost their online TV businesses.

Hollywood studios and media companies are vying to boost their online businesses, in part to stem online piracy of their content and also because of the higher margins they receive on digital sales.

Apple Inc is expected to unveil the latest version of its Apple TV product on Wednesday. The new service is expected to offer TV shows for rent at 99 cents each. Bloomberg said the new service will feature Netflix’s online service. Netflix declined to comment.

Google Inc has also been eyeing a TV or movie subscription service for its YouTube website. It has had ongoing conversations with several studios in the last year as well.

At the same time, studios have reacted with some unease to the shift in distribution of movies and TV shows to the Web, given that they have lucrative deals with cable providers to air that content.

Last year, online sales and streaming of movies amounted to $300 million in the United States, and $340 million for TV shows, according to Adams Media Research.

NBC Universal, News Corp’s Fox Broadcasting and Walt Disney Co’s ABC network have collaborated to offer online streaming of shows at Hulu.com, but one of the fastest areas of digital distribution of Hollywood content has been Netflix’s online streaming service.

(Reporting by Dhanya Skariachan, Jennifer Saba and Yinka Adegoke; and Alex Dobuzinskis in Los Angeles; Editing by Ilaina Jonas, Matthew Lewis and Richard Chang)

original content on reuters

1 Sep, 2010  |  Written by Brad Selers  |  under News

LOS ANGELES – Amazon.com Inc. is talking with major media companies about offering unlimited views of older TV shows and movies online, as it struggles to stay relevant to consumers flocking to Apple Inc.’s iTunes a la carte store and Netflix Inc.’s all-you-can-eat subscription plan.

Amazon has approached several companies, including Viacom Inc., Time Warner Inc., and Sony Corp., three people familiar with the matter said Tuesday. They requested anonymity because the talks are ongoing.

The talks are at an early stage and focus on offering TV shows and movies that have already been available on home video, according to one person.

Amazon intends to link the service to its Amazon Prime membership, a $79 per year plan that gives customers discounted shipping costs. But some media companies are averse to having their offerings potentially perceived as freebies, another person said.

A spokesman for Amazon, which is based in Seattle, said the company would not speculate on future business deals.

News of the talks emerged in The Wall Street Journal, a day before Apple is expected to announce a new TV offering and a revamped iTunes. An Apple spokesman also declined to comment.

Apple has also been talking with several media companies and is nearing a deal to offer recently aired TV shows from The Walt Disney Co.’s ABC and News Corp.’s Fox for 99 cents. The shows could be downloaded but would expire 48 hours after purchase. They are intended for fans who want to catch up on shows even on airplanes or other places without wireless Internet service.

Apple is also expected to cut the price of its Apple TV device. Pre-empting the move, Roku Inc., whose set-top box allows Netflix subscribers to watch older movies and TV shows, cut the prices of its basic high-definition device by $30 to $69.99 on Monday.

Many companies are trying to bolster their online offerings but media companies are being careful not to upend lucrative existing businesses, including that of selling TV shows as reruns to other channel operators or TV stations.

Time Warner in particular is trying to preserve the business of monthly cable or satellite TV subscriptions by pushing its "TV Everywhere" plan. In the plan, it gives paying subscribers of upper tier channel plans unlimited online access to the current season of shows such as TNT’s "The Closer."

Meanwhile, Hulu, the online video service jointly owned by Disney, News Corp. and NBC Universal, kicked off a $10-a-month subscription TV plan in June. It offers episodes from the current and past seasons of many ABC, Fox and NBC shows such as "Glee," "The Office," and "House," although subscribers still have to watch advertisements.

___

AP Business Writers Rachel Metz and Michael Liedtke in San Francisco and Jessica Mintz in Seattle contributed to this report.

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photo(AFP/File) - A cyclist poses with a tricycle utilised by Google France as part of the Google Street View project in Paris. This year the Street View controversy rocketed to a new level with the revelation by the web titan that electronics in its picture-taking vehicles captured data from wireless Internet systems not secured by passwords.(AFP/File/Miguel Medina)


photo(AFP/File) - A Google car-mounted Street View camera, used to photograph whole streets for the web giant’s online maps is seen at a launch event. Google dispatched a fleet of cars and tricycles rigged with cameras and satellite positioning gear to take pictures of what one might see on streets around the world and synched the images to its free online mapping service.(AFP/File/Daniel Mihailescu)


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