Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Monday, 22 June 2015

Google Nest Modifies Its Product Portfolio



Google Nest is back in business with several product upgrades.

Nest, the Google Inc. owned platform for the Internet of Things had been out of the picture since a while now but has now come up with a series of modifications and updates. The company recently revealed several upgrades on its Nest platform recently. Many skeptics were concerned about the search engine giant might abandon Nest since it was not really contributing to the ecosystem. However, this turned out to be a delusion when upgrades were revealed.

The upgrade includes a new application that is designed to consolidate all of Nest’s products together. So now the company has devised ways through which their camera, thermostat and smoke detector can be controlled by using a single application instead of different applications for each to perform all the work.

The Google acquired company has revealed the Nest Cam which is said to be an upgrade over Dropcam which they had acquired the previous year. The camera has the potential to record 1080p high definition videos along with the ability to report suspicious activity. The cost of this camera is $199 and will be available in seven countries which comprise of United States, several European countries including Germany.

The new device by the company namely Nest Protect, acts like a carbon monoxide and smoke detector with the ability to measure how rapidly the fire is spreading through its sensors. Users can switch off the alarms when they are not present through the mobile application of Nest. The device is priced at $99. The recent upgrade is a good add on since the device will not automatically shut down which was caused earlier because of an anomaly in the wave feature.

Earlier, the device was pulled off from the market because of this wave feature. The purpose of this feature was to shutdown the alarm through hand gesture but it also stopped the alarm from going off at certain occasions which caused problems.

The report was put forward by the Wall Street Journal according to which Mr. Tony Fadell, the head of Google’s Nest ecosystem expressed his desires to consolidate the Nest devices in order to ensure safety. The company took a great amount of time to enforce these changes since the devices are rather complicated with complex hardware developments that resulted in a lag. According to Mr. Tony Fadell, “I would love to speed up the process, but atoms are much harder than bits.”

So now Nest is back in business and is here to stay.

Wednesday, 3 June 2015

Bidness Etc - Microsoft Likely To Buy 6Wunderkinder





Wall Street Journal reports that Microsoft is likely to buy the German Startup 6Wunderkinder

Microsoft Corporation, the tech giant has confirmed that the company wishes to acquire the German startup 6Wunderkinder GmBH- the maker of the popular Wunderlist to do list application reported analysts of Wall Street Journal on Monday. According to sources close to the company, Microsoft is willing to invest around $100-200 million in order to acquire the Berlin-based startup.

Recently, Microsoft products and services have been in the limelight since the company is trying best to fight back to redemption and improve its services. after the failure of Windows 8 the company is all set to pump up its operating system by launching Windows 10 and several other initiatives have also been taken that can help the company in making its position strong.

One of the things that Microsoft needs to work on at this time is its Windows mobile operating system thus through this acquisition the company wishes to expand its mobile application business. The company recently announced that it spent around $200 million to acquire Acompli- the email app in December. In February, the company reported of acquiring the calendar application maker Sunrise Atelier. So the company’s latest endeavors are not surprising at all but ensure that Microsoft is keen to explore new ways that can help them revive their business where mobile applications boast of numerous growth opportunities.

According to sources, all of these deals point out towards linking Microsoft tools. The aim is to link the productivity with the mobile app platform with the aim to boost user engagement.

The core investors in 6Wunderkinder, the German Startup include European Venture Capital Atomico, US-based VC Sequoia Capital and Earlybird Venture Capital. The most interest part is that the 6Wunderkinder’s application is found on Google’s Android and Apple’s iOS igniting competition for Microsoft.

The previous month, 6Wunderkinder announced that the company is all set to join hands with Sunrise Atelier that will allow them to integrate their application’s to do list features to the application made by Sunrise. As a consequence, “users of the two apps were not only able to use their to-do lists as part of the calendar app made by Sunrise, but were also able to add the same Wunderlist to-do notes from the Sunrise app,” reports BidnessETC.

The individual who was reporting the issue to Wall Street Journal told the company that 6Wunderkinder’s team will continue to serve its clients through their offices based in Berlin but after the deal they will also be entitled to report to the Redmond-based headquarters of Microsoft.

Friday, 15 May 2015

Bidness ETC - McDonald's Opts For Menu Adjustment


McDonald's restructures its menu to accommodate new easy to make items.

McDonald’s Corporation is coming with new ways to diversify and streamline their restaurant menu so that they can construct their pricings once again. According to the Wall Street Journal, the company through such initiatives wishes to make the financial scenario better.

These initiatives are not new but are a series of changes that the new Chief Executive Officer of the fast food behemoth, Mr. Steve Easterbrook has taken. The CEO wishes to change the game for the company so that they pave their way to redemption. One of the primary goals of McDonald's restaurant is to attract customers and encourage them to opt for their food all over again, particularly in the United States.

According to the CEO, a thing that has played a massive part in increasing their misery is the large menu that is present for buyers in the United States market. He continued by saying, this actually causes the operations to slack and adds complexity to the kitchen environment. He considers it to be the basic reasons behind the long queues at the drive through.

It has now been reported that the company is making changes to its menu. It is expected that the new McDonald's (MCD) menu will comprise more of snack wraps and chicken sandwiches in order to simplify the menu. Recently, the company also held a webcast in which they clearly highlighted the strategies for the times to come with a more in-depth view.

The company has started to restructure the prices of its menu. The fast food giant mentioned during the webcast that it has decided to add certain items like double beef patty burger having tomato and lettuce, a McChicken burger with the same vegetables which are available for $1.5 where earlier items of similar nature were sold at $1.20-$1.39.

Several McDonald’s franchises demanded a mid-range menu since the buyers did not really have many choices. They could either choose high-end items or low-end items. Apart from this, the company also wishes to come up with thirst quenching beverages for summers. The company is also working on these summer drinks as mentioned in the webcast. This will comprise of frozen and fresh lemonade. Moreover, the company also wishes to start their all day breakfast menu which is currently being experimented in San Diego and is likely to make its way to Nashville.

Hence, in a nutshell, McDonald’s efforts are quite vigorous and show that the company wishes to resume its position. However, it might not be as easy as it seems.