2010 July | ICT magazine

Archive for July, 2010

Google Editions Allies with ABA in Ebook War vs. Amazon, Apple

July 1st, 2010 | No Comments

Google Editions is rolling out this summer with the American Booksellers Association (ABA) as a key partner, the New York Times said June 29. The ABA plans to make Google Editions the main source of ebooks on the Websites of hundreds of independent booksellers around the country. Google’s any Web browser, any device model is a departure from the proprietary format and device approaches favored by Amazon with its Kindle e-reader and Apple with its iBookstore for the iPad and iPhone. – Google Editions, the search engine’s effort to follow the
trail blazed by Amazon’s Kindle in the market for electronic books, is rolling
out this summer with the American Booksellers Association (ABA) as a key
partner.
With Google as an ally, the ABA
plans to make Google Editions the main sourc…

Why Windows 8 Will Appear with Few of the Rumored Features

July 1st, 2010 | No Comments

News Analysis: A slide deck has turned up that reportedly shows several new features that could make their way to Windows 8 when Microsoft releases it in a couple years. But after evaluating the list, it’s clear that few of those new offerings will come to the new version of OS. – Recently, a
slide deck was reportedly leaked from internal Microsoft meetings revealing
several different features the company might be planning to offer in
Windows 8. The presentation suggests that Microsoft wants to emulate Apple by
making major improvements to the Windows user experience. It …

Evening Crunch Crumbs

July 1st, 2010 | No Comments

-Sad Times: The composer behind the Charlie’s Angels theme has died…. -Yum! Tasty greeting cards… -Oxygen has purchased the syndication rights to small screen hits Glee and Modern Family… -The Kardashians are bringing high-fashion to Sin City… -Did Lloyd tell Boo-Hoo Breezy to turn on the waterworks at the BET Awards? -Is a Bachelor’s Degree worh the $60K-$100K it’ll cost [...]

DBS-OCBC union most likely in any consolidation

July 1st, 2010 | No Comments

Probability of merger between DBS (D05.SG), OCBC (O39.SG) is high in context of Minister Mentor Lee Kuan Yew’s recent comments that Singapore banks may need to consolidate further to grow, says UOB KayHian.

The broker notes DBS’ ambition to become pan-Asian bank: “DBS needs a larger-scale home base through potential acquisitions in Singapore to support meaningfully sizeable acquisitions overseas.”

STI falls 0.5% to 2,820.92 at 9:53 a.m.

July 1st, 2010 | No Comments

Singapore’s Straits Times Index fell 0.5% to 2,820.92 as of 9:53 a.m. local time. More than four stocks declined for each that rose on the 30-member gauge.

Shares on the measure trade at 13.8 times estimated earnings, compared with about 17.4 times at the end of 2009, according to Bloomberg data. The following shares were among the most active in the market.

Lion Asiapac +25% on 10 cents/share dividend

July 1st, 2010 | No Comments

Lion Asiapac (L08.SG) gaps up at open, last +25% at almost 3-month high of $0.325 on above-average volume, as investors flock to otherwise thinly-traded stock after company declares interim dividend of $0.10/share to be paid July 29, says Dow Jones.

Together with special dividend of $0.15/share issued in April, total yield so far for FY ended June comes to a whopping 96.1% based on yesterday’s closing price.

Osim started at Buy by OCBC with $1.22 target

July 1st, 2010 | No Comments

OCBC Investment Research has started Osim (O23.SG) at Buy with $1.22 target, says Dow Jones.

OCBC says massage-chair maker set for increased growth in 2010 after returning to profitability last year. Expects improving economic conditions, Osim’s constant renewal of products to meet changing consumer needs to drive growth.

Interest in Singapore Offshore & Marine down, says BoA-ML

July 1st, 2010 | No Comments

Institutional interest in Singapore offshore and marine stocks dwindling amid negative newsflow from recent Gulf of Mexico oil spill, reluctance to buy into high-beta sectors, says Bank of America-Merrill Lynch, according to Dow Jones.

Notes while institutional investors view current valuation in sector as palatable after 2Q stock declines of up to 19% by rig builders, underlying tone remains cautious.

EUR/USD-Performance Chart as at 3:00 a.m. Singapore time, 1/07/10)

July 1st, 2010 | No Comments

Forex Focus is brought to you by http://www.igmarkets.com.sg/

GBP/USD-Performance Chart as at 3:00 a.m. Singapore time, 1/07/10)

July 1st, 2010 | No Comments

Forex Focus is brought to you by http://www.igmarkets.com.sg/

USD/CAD-Performance Chart as at 3:00 a.m. Singapore time, 1/07/10)

July 1st, 2010 | No Comments

Forex Focus is brought to you by http://www.igmarkets.com.sg/

NOL cut to Hold by Phillip Securities with $2.03 target

July 1st, 2010 | No Comments

Phillip Securities has downgraded Neptune Orient Lines (N03.SG) to Hold from Buy, cutting its target price to $2.03 from $2.48, based on 1.3x P/B vs 1.6x previously, on concerns Europe’s debt crisis will trigger slowdown in Asia-Europe trade, says Dow Jones.

“We are cautious on shipping stocks as global trade is likely to be affected by the budget cuts in the euro zone,” says Phillip Securities.

White Guy Window-Dressing All The Rage In China!

July 1st, 2010 | No Comments

You’re White? You’re hired! Businesses across China are employing White male actors to pose as employees during public events, CNN has learned. Well….this is weird.American actor Jonathan Zatkin tells reporters he was paid roughly $300 to pretend to be the vice-president of an Italian jewelry company and was once presented as the partner of a Chinese jewelry [...]

â€œThe Bachelorâ€ Jake Pavelka Nude For Playgirl

July 1st, 2010 | No Comments

Hefner & Co. have made it abundantly clear that Vienna Girardi’s milkshake won’t be bringing the boys to the yard in any upcoming issues of Playboy, nonetheless the mag’s sister publication is expressing interest in the naughty bits of her former fiance, Bachelor star Jake Pavelka. Playgirl editor-in-chief Daniel Nardicio is prepared to offer [...]

July 1: Mapletree Investments, Darco, Lian Beng, Parkway

July 1st, 2010 | No Comments

Singapore’s benchmark Straits Times Index rose 0.18% on Wednesday to 2,835.51 points.

Singapore stocks may fall on Thursday after US shares extended their losses overnight, as investors stayed on the sidelines amid conflicting economic data. US private sector employment rose by a paltry amount in June, underscoring concerns about a weak labour market.

Mapletree Investments, a real-estate firm wholly-owned by Singapore state investor Temasek (TEM.UL), said today it hopes to raise $1 billion from an industrial REIT initial public offering. The industrial REIT portfolio will contain only Singapore properties and initially have a value of $1.7 billion.

Cisco Rolls Out Cloud Preparation Services Suite

July 1st, 2010 | No Comments

Cisco Systems aims to prepare potential customers before they commit to building a cloud computing system. Cisco is providing a menu of cloud system components, including products of its own and from partners such as EMC, NetApp, VMware, Microsoft and BMC. – As Cisco Systems reinvents itself partly as a cloud-computing infrastructure
provider, it needs to add a set of services to wrap around all the hardware and
software it wants to sell.

On June 30, that’s what the company did, launching a set of what it calls Cloud
Enablement Services to go with…

Jane’s “Fan Addiction” Roxy Show

July 1st, 2010 | No Comments

NEW BASSIST DUFF MCKAGAN

Jane’s Addiction

From JanesAddiction.com:

“Bing Presents Sunset Strip Summer Concert Series featuring Jane’s Addiction live in concert this Friday, July
2nd, at The Roxy. Go here to enter to
win a pair of tickets!! By entering today this is your best chance
to make sure you get into this special show! We will inform the winners on Thursday (7/1) morning. You must be a
member of janesaddiction.com in order to enter.

Â“The Roxy has always held a special place in our hearts because it’s where we recorded our first record. And as we
said we want the majority of tickets to this show going to our fans so there will be a few ways to get them from us.
Sign up for tickets on janesaddiction.com starting tomorrow (6/30). Also look for tweets from Perry or myself this
week to
win tickets. The remainder of seats will be for those who choose to wait in line at the Roxy on Friday. Doors will
open at 8pm.Â” – Dave Navarro

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