Archive for March, 2009

iFive: Disney-Hulu-YouTube Drama, GM’s Volt Fizzles, and Web 2.0 Expo Launches in Today’s Innovation News

Tuesday, March 31st, 2009

iFive: Disney-Hulu-YouTube Drama, GM’s Volt Fizzles, and Web 2.0 Expo Launches in Today’s Innovation News

While you were sleeping, innovation put her cable box out on the curb for trash pickup. Here’s today’s innovation news:

1. Amid speculation that Disney would sign a deal with Hulu to offer ABC shows in exchange for an equity stake in the venture, the House of Mouse announces a deal to air short-form content from Disney and ESPN with YouTube. Disney may be playing YouTube and Hulu off each other in negotiating who will get the right to air full-length shows. I know these plot twists are convoluted and hard to follow, but if you just hang in there and watch this whole thing unfold on DVD–go back to season 1, you really have to start at the beginning…. [via paidContent.org's Staci D. Kramer]

2. So it looks like GM’s Volt wasn’t enough to turn the company around, as the government complains that GM spent too much time and money developing it and questions its commercial viability. We’re shocked. Wordplay! [via AutoblogGreen's by Sam Abuelsamid and The Detroit News' Scott Burgess]

3. A new diabetes drug from Bristol-Myers Squibb and AstraZeneca continues to move towards FDA approval after the agency released findings that cardiovascular side effects are minimal. [via WSJ's Jennifer Corbett Dooren and Shirley S. Wang]

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Citigroup interested in buying Red Hat?

Tuesday, March 31st, 2009

Citigroup interested in buying Red Hat?

One is continually climbing the stock markets while the other is perpetually falling. One is helping to save their market-space while the other threatens to help take theirs down. Citigroup’s stock is in the tank (Currently at $2.43 per share) while Red Hat’s is still strong (Currently at $16.99 per share.) In fact, Red Hat’s stock is less than $2.00 per share shy of Microsoft’s stock.

While the thought of such a large company buying Red Hat, and then switching every PC they have on every desk and rack to Linux is tempting, the fear of having such an albatross around the shoulders of one of the most successful Linux companies makes me shudder at the thought of this purchase.

Now I will say that this is nothing more than rumor. This is one failing company seeing a successful company and concluding it might be a wise move. And of course it would be a wise move. Just like any company “investing” in Red Hat – or any Linux for that matter. It’s investing in the future. It’s not investing in a technology that is going to be out-moded in a year. It’s not investing in a technology that will require further investment.

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Red Hat sees growth spurt as cos seek to slash costs

Tuesday, March 31st, 2009

Red Hat sees growth spurt as cos seek to slash costs

Leading open source provider Red Hat is witnessing a spurt in growth alongside a global tendency to seek value for money. Red
Hat India president and managing director Nandu Pradhan told ET that the company was witnessing good traffic with its customers and partners, with the performance reflected in high double digit growth.

Red Hat had global revenues totaling $ 653 million for the fiscal ending February 2009, with double-digit growths through all four quarters. Red Hat’s value proposition of lower costs is considered to be an even stronger inducement for companies that are seeking to cut costs during the present financial crunch.

Earlier this year, Red Hat had signed up with Microsoft to enable expanded virtualization interoperability in response to customer demand. The company had also recently bought out Qumranet, which is expected to help offer a comprehensive virtualisation platform for enterprise customers.

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Rural – Urban Drift Costing The Country

Tuesday, March 31st, 2009

Rural – Urban Drift Costing The Country

Over 1 billion people live in slums around the world, and it is expected to double within few years. The situation is attributed to rural – urban migration around the world with its impact on the infrastructural developments on towns and cities. To address this phenomenon, the CHF in collaboration with the Institute of Local Government Studies (ILGS) has organized a 2-day workshop in Accra. The forum assembled experts from India, the United States of America and Ghana to develop a management plan especially as it is expected that, 63 percent of the country’s population would migrate to cities and towns by the 2025.

Addressing the workshop, the Minister for the Local Government and Rural Development, Hon. Joseph Yieleh Chireh, developing countries face the challenges of rapid urban developments as a result of improper planning and sprawling cities among others. Adding that, the ‘rich’ areas benefit to a large extent from all the amenities like portable water, good roads and proper sanitation and other utilities to the disadvantage of the slums dwellers. There is therefore the need to for an integrated and holistic approach to solve problems that urbanization brings along.

Speaking in an interview Peace FM News, the Director of the Institute of Local Government Studies (ILGS) Dr. Esther Ofei – Aboagye, called for the validation of new information on urban development and poverty related issues, considering some of the best practices of other countries. She noted that, urbanization could destroy the lifestyle of the rural communities, as increased urbanization tends to affect cost of land and food security, as farming lands are converted to commercial use. Even the cost of housing rent is affected as residential areas are converted into commercial areas. Dr. Ofei – Aboagye was concerned over the level of gabbage generation, sewage difficulties and its attendant menace in urban areas that are being ‘encroached upon’.

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Rawlings Fights President Mills

Tuesday, March 31st, 2009

Rawlings Fights President Mills

Yesterday’s National Democratic Congress (NDC) National Executive Committee (NEC) meeting, the first since the party came to power, was dominated by Jerry John Rawlings spewing out his guts, as he passed a vote of no-confidence on President John Evans Atta Mills’ governance approach.

Not even the deliberations in the meeting chamber could match the sharp reproaches by ex-President Rawlings when he spoke to the media after the encounter. The no-holds-barred meeting was held at the Royal Majesty Hotel, Nungua.

Describing the recent appointments by the President as a show of mediocrity, the ex-President was in an abrasive mood as he scowled at the man he campaigned for as being slow in the manner in which he was running the country. President Mills was conspicuously absent from the meeting, which was characterized by leading members of NDC pouring out their disappointments over dashed expectations. Ex-President Rawlings came close to giving a clue to the source of President Mills’ headline-making “there is only one President in the country” outburst, when he remarked that the government was not asserting itself and thus allowing the opposition “to undermine its authority”.

Rawlings said ‘usurpers’ with parochial interests had hijacked the Mills Administration and these elements were hell-bent on entrenching their positions on the ruling government. He said some of the usurpers who had been hiding in rat holes during the heady days of the electoral campaign, had today surfaced to make themselves decision-makers. “The NDC’s victory was borne out of the corruption of the NPP but when the new government fails to take action to arrest the situation, then society crumbles and corruption becomes the order of the day,” he said. The former President disclosed that he was particularly worried that erroneous impressions were being created that he had his men within the current ministerial structure and hence had no reason to complain. “Stories have been told about how my wife also has about six cronies with major appointments. Let me make it clear to you that we were not consulted on the majority of these appointments.

And even in situations where there have been any consultations at all, no effort has been made to give us feedback if counter opinion has prevailed,” he stated. Explaining those Rawlings was referring to as usurpers, Alhaji Iddrisu Bature told Citi FM in Accra that the former President’s targets were P.V. Obeng, Chairman of the Government Transition team, Kojo Tsikata, the Ahwoi brothers and Kwame Peprah, former Minister of Finance. President Mills, it would be recalled, amused a delegation of the Ghana Journalists Association (GJA) he hosted at the Castle recently during which he expressed misgivings about what for him was an attempt by a group of people to run a parallel government in the country.

The innuendo-packed rhetoric prompted Ghanaians to make their own deductions since the President did not mention names. Ex-President Rawlings said the slow pace administration of President Mills was acknowledged by a large number of NDC kingpins at yesterday’s meeting. Party Founder Rawlings was not charitable to President Mills’ aides and others in his company, describing them as taking undue advantage of his sluggishness. President Mills had earlier cautioned government officials not to take his humility and respect for rule of law as a shortcoming. As to ex-President Rawlings’ position on the appointments made so far by President Mills, he had this to say: “There is quite a bit of mediocrity. I think the party is aware of the problems and the party must make sure its voice is heard.

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