Bidness ETC - Google's Plans To Build New Headquarter Are Massive

Google loses the battle to construct an architectural wonder to LinkedIn.

Google Inc. had eyed Mountain View's North Bayshore district since a while now to construct its glass utopia which is said to be the grandest and one of the most mysterious place ever. But now it does not really seem possible since the company will have to look for a new location. The region’s city council kept a voting after which it was deduced that Google will not get a chunk of that 2.2 million square foot land, but LinkedIn would.

Google, the search engine had massive plans to build an extensive headquarter that will be tarnished with an extremely thin coating of glass mesh. That actually looked phenomenal in the renderings. However, the city as believed did not really want an architectural wonder and preferred a plain and simple LinkedIn workplace by granting them a substantial chunk of land and handing the leftovers to Google states the Silicon Valley Business Journal.

So according to estimates it has been deduced that the area Google is actually getting will only accommodate one of the four buildings required as proposed in the initial construction plan of the company.

Two prominent names in the world of architecture, Bjarke Ingels the Danish architect belonging to Bjarke Ingels Group along with and Thomas Heatherwick belonging to the Heatherwick Studio collaborated to come up with such a design that allows for camouflage parking space underground, and make the area green with foliage, trees and other possibilities. The best part about this new headquarter would have been that a good chunk of the area of this project will be open to the masses.

However, the other side of the story is that LinkedIn’s plans were actually more sensible, appropriate and reasonable when considering both the projects reports The New York Times. Firstly, the headquarter could be constructed using the current techniques used by builders and developers. However, Google had certain tweaks that were not feasible with the current construction technologies. Moreover, LinkedIn has also vowed to diversify the canvas of Mountain View’s regional business quite different from that of Google whose revenue of taxes is linked to either better or worse.

Hence, in a nutshell, Google’s plan is extremely futuristic and beautiful but cannot be executed due to the current constraints and reservations. But this is not the end and Google can actually look for another location where they can actually make their dream of a glass utopia possible. However now, LinkedIn can enjoy its moment of glory where its new building will soon make its way on the global canvas.

Bidness ETC - Tesla Motors Earnings Report For 1QFY15

The auto making company managed to beat the analysis of the Street analysts by reporting earnings just a little higher than expectations.

Tesla Motors (TSLA) reported earnings for the first quarter of 2015 on Wednesday, May 6 2015 in which the company proved the expectations of the analysts to be wrong. The smart car makers were seen to report a net loss of around $45 million which made it come around to 36 cents per share. A rise in the loss was seen as compared to the year before when the loss came around at 12 cents per share. As for the GAAP net loss, the car makers witnessed the total loss of $154 million which resulted in coming around at $1.22 per share. Such a loss was experienced by the electric car makers due to the increasing worth of the dollar on a global basis.

The last quarter that was faced by Tesla Motors (TSLA) turned out to be a difficult one for the company as it tried to penetrate into the Chinese market but due to some major issues, it failed to do so. For the last quarter, the net loss that was witnessed by the firm came around at 13 cents per share while the gain turned out to be at 33 cents which beat the estimated earnings of the Wall Street analysts who thought the company would report 30 cents per share for the gains.

The smart car producers reported adjusted revenue of around $1.1 billion for the first quarter which ended up beating the estimations of the analysts at Wall Street who predicted that Tesla sales for the quarter will produce revenue of around $1.05 billion, Bloomberg reported.

In a recent press release by Tesla, the company expected to report the sales of around 10,030 vehicles by the end of the first quarter and this guide number was comfortably met by the firm when it presented the number of cars sold coming around at 10,045. As for the total cars that were produced, the electric car makers made 11,160 vehicles.

Tesla Motors has made an expectation of producing around 12,500 cars by the end of the second fiscal quarter. The firm also reported in the earnings conference call that its plan of selling 55,000 units of the Model S cars is still in progress.

Bidness ETC - BlackBerry Is In Dire Need Of Help

BlackBerry CEO believes that the company requires assistance to survive.

The chief executive officer of BlackBerry Ltd, John Chen believes that the company now needs help in order to change its image as a company that has been stumbling since a long time. It has been 18 months since Mr. Chen has taken charge of the company and their finances have been fairly stable during this tenure, the only problem they have been facing is the troubled image of the company.

"One of the biggest things that I'm working and struggling with, that everybody here could help with, is our reputation," stated Chen while addressing a crowd of 400 individuals at Kitchener. He further added that "Not long ago, the company was in deep trouble. We are now out of trouble in terms of financial, but we haven't established a growth…until that happens nobody will go willingly buy our products."

The company posted their earnings report for the first quarter of fiscal year of 2015 by the end of March where they were themselves baffled by making a profit of $28 million. However, they experienced a massive drop in terms of sales of their products. Their revenues actually dropped by 33 per cent where the total revenues for the company compounded to $660 million. Previously for the same quarter the company had succeeded in banging $976 million.

John Chen is known as a turnaround specialist and was bought in 2013 in November to serve BlackBerry and bring it out of its problems. However right after he took a seat, BlackBerry (BBRY) stocks declined even further and the loss compounded to $1 billion.

Tuesday, Chen addressed the masses and urged them to promote the brand as much as it can be. According to him, BlackBerry has embraced massive blows over the past five years for which he now requires assistance and support.

"The reason I said everybody could help is, you need to tell people that BlackBerry not only has a strategy, it's no longer a troubled company. The sooner that message gets out and registers, the sooner we'll return to growth," added Chen.

However, the audience Chen addressed does not really require mush pushing since they belong to the top two universities in Waterloo and have the image of the intellectual elites of the society.

According to Mr. McCarter Grespan Baynon Weir Lawyers, he had an idea about how the company had been struggling since the past five years but Mr. John Chen was the only ray of hope that could help the company come out of its tyranny.

BlackBerry has the potential to emerge out successful all it requires is some motivation from the consumers end.