Best Buy is selling its 50 percent joint venture stake back to mobile phone retailer Carphone Warehouse for 500 million pounds ($775 million).
It's a massive loss for Best Buy, which bought 50 percent of Carphone Warehouse's retail operations for $2.1 billion in 2008, during the time where the global financial crisis was about to kick the European market firmly where it hurts.
In a statement on Tuesday, Best Buy said it has entered a definitive agreement to sell its half of the business in conjunction with Carphone Warehouse back to the company. The total figure includes … Read more
You might be familiar with the term "megabyte."
For some, though, it represents an emotional megadeath.
You might know what an ISP is, but some need ESP in order to explain to themselves what this actually means.
This, at least, is the conclusion of a deeply disturbing piece of research, performed in the U.K. on behalf of Carphone Warehouse's Geek Squad. … Read more
To wrap up the penultimate week (for the year) of the 404 Podcast, we're running through Apple's year in iTunes--from the best-selling apps to the most-downloaded movie online.
We'll also tell you about a woman who made $1,200 exploiting dudes on Match.com, give you a tour of Amazon's massive Costconian warehouse in Seattle, and question the artistic merits of photo-filtering apps like Instagram.… Read more
After several disappointing quarters that left shareholders concerned about its future, Best Buy has announced a host of changes to its operation that it believes, could dramatically improve its financial standing.
First up, Best Buy says that it will buy out Carphone Warehouse (CPW)'s interest in the company's U.S. and Canadian Best Buy Mobile business. Currently, Best Buy and Carphone Warehouse share all profits related to sales through the Mobile retail service. By buying CPW out for $1.3 billion, the retailer believes that it can more fully capitalize on the growth of mobile devices.
"Best … Read more
We've reviewed quite a few inventory management systems, and most of them are complex programs that have numerous features. After all, inventory management is no simple task, and any piece of software that's designed to handle it has to be pretty comprehensive. Unfortunately, Stocks Inventory 2 does not fit the bill. This bare-bones program doesn't even begin to offer the features typical of software in this genre.
The program's interface is plain and not too terribly difficult to figure out, but that's largely a function of the fact that there aren't that many features. … Read more
Earlier this year, EMC surprised the storage community with its acquisition of Greenplum, a small producer of sophisticated software that can be used to both scale-out and accelerate data warehousing and business analytics applications. Its core technology is based on a convergence of Google's MapReduce process, and SQL. The result is a business analytics engine that is now being used to process very large data sets from a variety of online and traditional database sources. EMC created a new Data Computing Division around Greenplum and has recently released a Data Computing Appliance to compete with a number of accelerated … Read more
With Jeff's wedding creeping up sooner than we expected, it's about time that The 404 Podcast discusses exactly what we'll be wearing to the ceremonies. Always the responsible one, Wilson is prepared with his own suit, and Jeff will obviously be wearing the cheapest tux money can rent, but I've somehow made it 26 years without ever buying a suit and I refuse to start now...hopefully Stacie is OK with me wearing this old thing.
Want to stock up on batteries, toilet paper, rice, and other bulk essentials? Head to your local warehouse club.
Of course, normally, you have to pay an annual membership fee to reap the savings, but Allstate has a coupon (PDF) that'll get you into Sam's Club for a day--and waive the usual 10 percent upcharge that nonmembers pay.
I realize this isn't a tech deal, per se, but Sam's Club does carry a variety of computers, electronics, and the like. Plus, the coupon lives on the Web, so it kinda sorta fits, right?
Anyway, there's … Read more
Shares of data warehouse management company Teradata jumped nearly 7 percent in trading Tuesday, following an analyst report that the company would make a good fit with enterprise software applications behemoth SAP.
And while JMP Securities analyst Pat Walravens, notes that SAP has "hinted in recent weeks" it may be considering another acquisition and he believes Teradata would make a good fit, SAP sources say no such transaction is in the immediate works.