As of about 4:30 p.m. East Coast … Read more
iStockphoto, the Getty Images "microstock" subsidiary that sells low-cost imagery and video, will announce Monday plans to raise prices and therefore photographer revenue next month along with a number of promotional activities.
The company sells credits that give customers rights to use contributors' photos in materials such as advertisements, Web sites or brochures. The higher the resolution, the more credits an image costs, and the credit cost will increase from $1.20 to $1.30 on August 19, said iStockphoto Executive Vice President Kelly Thompson. (Credits are cheaper in bulk.)
Because photographers get a proportion of the credit … Read more
The green-tech sector is getting hot for stock investments these days, in part because of some very hot recent solar IPOs, such as that of First Solar. As with everything, personal investors need to do their homework. Here's a few places to get started.
I follow three Web sites (and have occasionally written for or been interviewed by each of them) catering to investors in the energy and green-tech sector.
RenewableEnergyStocks.com is a content-rich site run by financial public-relations firm Investor Ideas, a subsidiary of Econ Corporate Services. Since the company is typically paid by the companies, you … Read more
BigStockPhoto.com, one of a host of "microstock" companies that sells images to advertisers and others who need stock photography, has overhauled its search engine in an attempt to improve performance and usefulness.
The new search tools are faster and can filter images based on parameters such as vertical or horizontal orientation to narrow down searches more quickly, the Davis, Calif.-based company said Wednesday. It also offers the ability to show similar searches to more easily find new but related choices.
"This is...the first of many steps we're taking to dramatically improve BigStockPhoto's … Read more
The Securities and Exchange Commission announced Tuesday it reached a settlement with IBM, over allegations the industry titan issued misleading statements regarding stock options expenses.
The end result: IBM, without admitting or denying the commission's findings, consented to an order that it cease and desist from "committing or causing violations of these provisions." But more importantly, IBM paid no fine, nor faced any monetary penalty.
What was the beef?
Back in April 2005, IBM said during a conference call with analysts it would begin reporting its stock options as an expense, starting with the first quarter 2005. … Read more
Nancy Heinen, the former general counsel at Apple, filed court papers Friday denying charges by the Securities and Exchange Commission that she orchestrated stock option backdating at the company.
Bloomberg reported that the court papers deny the specific charge that Heinen ordered another lawyer in Apple's legal department to prepare documents authorizing a stock option grant to CEO Steve Jobs with an earlier grant date. However, the documents told a story of a board meeting that never took place, drawing the ire of the SEC and forcing Apple to record charges to reflect the true value of the options. … Read more
Photo-sharing site Zooomr began a second try Monday to launch its third-generation photo-sharing Web site, attempting to combine social-networking features with unlimited photo storage and, eventually, the capability for photographers to sell their own pictures.
The new site, when available, features a Twitter-like interface called Zipline that lets members tell their contacts what they're up to and hear the same from those contacts, according to a video demonstration by co-founder Kristopher Tate. It also lets members join groups and subscribe to discussions.
Zooomr had attempted to fire up the Mark III site in March, but instead bugs and migration … Read more
Zooomr Mark III Take 2 will arrive in three weeks, but at the same time, the photo-sharing site may enter a "hiatus."
In March, glitches forced the photo-sharing site to back off a redesign that would permit Zooomr users to sell their own photos and would lift storage limits, among other changes. The new version now is scheduled to arrive in three weeks--May 21--said lead programmer Kristopher Tate on his blog Monday.
Tate also said the company is looking for new investors.
"I have some breaking news to share that may create a period of hiatus for … Read more
Another government agency is taking interest in Research In Motion's accounting practices.
Following its own internal review of the company's stock options awarded to employees, RIM said Wednesday that it has "had contact with the office of the United States Attorney for the Southern District of New York upon learning that the U.S. Attorney's office is reviewing the company's stock option grants." RIM says it plans to cooperate with any requests for information.
Earlier this month, RIM announced the Securities and Exchange Commission's informal review of the company's accounting practices had … Read more
The Securities and Exchange Commission has filed a lawsuit against Nancy Heinen, the former general counsel at Apple, saying her actions led to "fraudulent" stock option backdating at the company.
But the SEC said it doesn't plan to file any actions against Apple as a company, and simultaneously filed and settled a lawsuit against former chief financial officer Fred Anderson over his alleged participation in the backdating scandal. Fred Anderson's lawyer issued a statement after the lawsuits were announced, saying that Apple CEO Steve Jobs had been informed that the January 2001 grant date would have … Read more