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Prime Air Amazon Drones Delivering Orders Within 30 Minutes

Posted: December 4th, 2013 | Author: | Filed under: Technoid, Technology | Tags: , , , , , , , , | Comments Off on Prime Air Amazon Drones Delivering Orders Within 30 Minutes

Amazon "Prime Air" Delivering Orders Within 30 Minutes

The online behemoth that is Amazon plans to deploy a swarm of autonomous drones to deliver product within half an hour of ordering. The ambitious project – Prime Air – still needs safety testing and US federal approval, however, Amazon’s visionary leader Jeff Bezo’s reckons he’ll have Prime Air lifting off within 5 years :: Read the full article »»»»


Jeff Bezos Buys Iconic Washington Post

Posted: August 5th, 2013 | Author: | Filed under: Business News, Digital Media, Indeep Media, Media, Print Media | Tags: , , | Comments Off on Jeff Bezos Buys Iconic Washington Post

Jeff Bezos

The iconic Washington Post newspaper has been sold for $280 million to Amazon’s chief executive and founder Jeff Bezos. The deal is chump change for Mr Bezos – less than 1 percent of his total wealth –  whose personal fortune is estimated at $31 billion.

The surprise deal follows the New York Times sale of the Boston Globe for $70 million. It is a further indication of the unprecedented challenges newspapers are facing as advertising revenue and readership declines :: Read the full article »»»»


JB Hi-Fi Profits Crumble Under Sales Fatigue

Posted: February 12th, 2012 | Author: | Filed under: Business News | Tags: , , , , , , , , | Comments Off on JB Hi-Fi Profits Crumble Under Sales Fatigue

JB Hi-Fi Profits Crumble Under Sales FatigueDiscount electronics retailer JB Hi-Fi has recorded a larger than expected fall in half yearly profit due to what it called challenging conditions in the retail sector. JB Hi-Fi  reported net profit of $79.6 million in the six months to the end of December last year, down 9 per cent on its previous first-half result. The company says the three-week post-Christmas trading period was particularly soft, and the weakness was driven by poor TV sales. In December, said it expected a 5 per cent fall in earnings.

In a statement, chief executive Terry Smart said it had been a tough start to the year. “Consumers were suffering from ‘promotional fatigue’ and therefore have not reacted as well to our post-Christmas promotional offers as in previous years,” Mr Smart said. “While the market will remain challenging, we will continue to focus on delivering customers a unique and engaging shopping experience both in-store and online.” The company says it expects its full-year sales to rise 5 per cent to around $3.1 billion for the year.

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A Very Gerry Christmas

Posted: January 2nd, 2012 | Author: | Filed under: Business News, Indeep Media | Tags: , , , , , , , | 4 Comments »

Best Buy - ForbesIn the US the debate is whether the country can support one or zero highly profitable big box chains. Best Buy – the bears argue – is the showroom for Amazon. In Australia we still have two chains –  Harvey Norman and JB HiFi –  Currently Harvey Norman is losing to JB HiFi and ultimately both will lose share to the internet. Forbes recently pointed out a couple of interesting facts on the US retailing behemoth: “Best Buy is headed for the exits. I can’t say when exactly, but my guess is that it’s only a matter of time, maybe a few more years.” said Larry Downes in Forbes on January 2, 2012. Consider a few key metrics: Despite the disappearance of competitors including Circuit City, the company is losing market share. Its last earnings announcement disappointed investors. In 2011, the company’s stock has lost 40% of its value. Forward P/E is a mere 6.23 (industry average is 10.20). Its market cap down to less than $9 billion.  Read the full article »»»»


FORBES: How to Be an Optimist in a Pessimistic Time, A Techonomy Manifesto

Posted: November 13th, 2011 | Author: | Filed under: Favorite New Thought, Forbes, From The Web, Indeep Media, Social Media | Tags: , , , , , , , , | 1 Comment »

How to Be an Optimist in a Pessimistic Time: A Techonomy ManifestoIt’s no secret that technology is changing the world. Unfortunately, there are a surprising number of people who don’t get it. Many of them, even more unfortunately, are important leaders in business, other powerful instutitions, and governments. To meet the challenges that face us—whether as leaders of organizations, as leaders of countries, or as the global community addressing our collective challenge—we will only be successful if we unreservedly embrace technology and innovation as essential tools. The Techonomy conference, which begins in Tucson on Sunday November 13, aims to underscore that idea and send a pointed message to leaders that Luddites have no place in the 21st century.

For those of us who believe in the vast potential of technology to solve problems, it is both an exciting and a frustrating time. The world’s people are embracing cellphones. More than two billion people use the Internet. Facebook continues its extraordinary user-empowering spread, and the Weibos fill a similar role in China. Advanced companies around the world are redesigning their systems and management to accommodate the new realities of a flattened, technologized business environment. The people of the world have recognized that technology can alter and improve their lives. Read the full article »»»»