Two days on from his incredible, four-goal performance, capped with the early frontrunner for goal of the year, the hockey world is still buzzing about nineteen-year-old sensation Tomas Hertl. But on Thursday, the conversation took a slight turn when Washington Capitals' coach Adam Oates gave voice to a growing crowd of dissenters, calling Hertl's move disrespectful.
And that's when Joe Thornton came to Hertl's rescue. Sensing that the conversation was beginning to turn against his linemate, the Sharks' captain decided to do his captainly duty Thursday, turning the attention away from Tomas Hertl and squarely on himself.
How did he do that? He whipped out one doozy of a quote. From Jason Botchford of The Province:
Hearing a question to Marleau about Hertl and whether he was showboating, Thornton said: “Shut up, have you ever played the game?”
When the press turned his way, he then added:
“I’d have my [rooster] out if I scored four goals. I’d have my [rooster] out, stroking it.”
In Hertl's defense, he's new to this country. That's a good way to get deported.
But seriously, oh my God. Thornton can't possibly have actually said that, can he? David Pollak?
Well then.
Yeah, we can probably safely assume that Joe Thornton didn't expect to be quoted. But he was. And now here we are.
Amazingly, Thornton's never had a four-goal game. He's at nearly a point a game over his lengthy NHL career, racking up 1120 points in 1128 games with his mad dangles, and he's registered four career hat tricks, the most recent of which came October 27, 2010 versus the New Jersey Devils. But he's never dropped four on an opponent. Which is why he's never dropped trou on an opponent.
When he does, though, well, if you thought Hertl's between-the-legs move was over the top, just wait for Jumbo Joe's to rock out on his fourth tally of the night. It'll bring new meaning to the term "junk goal".
(Reuters) - Liz Cheney, the eldest daughter of former Vice President Dick Cheney, announced on Tuesday she will challenge incumbent and fellow Republican Mike Enzi for Wyoming's Senate seat in 2014.
"Today, I am launching my candidacy for the United States Senate," Cheney said in a nearly six-minute web video in which she laid out a conservative agenda and sharply criticized President Barack Obama.
"President Obama has launched a war on our Second Amendment rights, he's launched a war on our religious freedom, he's used the IRS to launch a war on our freedom of speech and he's used the EPA to launch a war on Wyoming's ranchers, our farmers and our energy industry," she said.
Cheney, 46, is an attorney who served in the U.S. Department of State during the George W. Bush administration and appears on television as an analyst and political commentator for Fox News.
Enzi was elected to the Senate in 1996 and has been re-elected twice by a comfortable margin. Cheney's announcement comes as Republicans seek to regain the majority in the Senate in the 2014 elections.
But former White House press secretary Ari Fleisher suggested that an internecine fight could be bad for the party
"Liz Cheney will make an excellent Sen. one day," Fleischer tweeted shortly after the announcement. "But divisive, internal GOP fights aren't helpful. No need to create this one."
(Reporting by Dan Whitcomb; Editing by Cynthia Johnston and Gunna Dickson)
Nokia reports its spring quarter on Thursday ? and the stakes are very high, indeed. The?substantial spring?revenue weakness from?BlackBerry and HTC implies that many second-tier brands are now in serious trouble with their brand new product launches. Samsung?s earnings miss was a shocker because the South Korean giant was supposed to have a wide open shot at dominating spring sales, particularly?because Apple?s iPhone sales started slowing down significantly in the March quarter. The industry is now staring at the possibility of the entire high-end smartphone market slowing down much faster than expected.?But Nokia is not dependent on high-end smartphones to the extent that BlackBerry and HTC are ? and that makes Nokia?s spring report absolutely riveting.
[More from BGR: iPhone 5S: New leaked photos, purported full specs point to biggest ?S? upgrade ever]
Nokia has two black boxes in its June quarter performance: feature phone sales and the super cheap Lumia 520?smartphone sales. Estimating either?is fiendishly difficult.
[More from BGR: The Boy Genius Report: iPhone 5S to feature indestructible LiquidMetal case]
The company?s feature phone sales hinge on Africa, Middle East, Brazil and South-East Asia, and all leading brokerages have great trouble getting any sense of what is going on there. Wall Street underestimated Nokia?s low-end sales badly in Q2 2012 and Q3 2012, and then overestimated them grossly in Q1 2013. After Nokia?s feature phone shipments plunged to under 56?million units in the March quarter, it now has to deliver at least?54-55 million units to prevent a freak-out over how fast this business is eroding. This is a unique problem for Nokia; its major rivals have all pulled out of the feature phone market, fearful of its collapse.
Another mystery is the sales volume of the Lumia 520, which is the first true budget device in Nokia?s new Windows Phone 8 range. Its non-subsidized price dropped well under $200 during the June quarter, but there was a series of unusual sell-outs of this device in countries like India and America during April and May. Does Nokia have a big Windows Phone volume hit on its hands with the 520 ? and how does it impact the average sales price (ASP) of smartphones? If Nokia did?achieve a big Lumia 520 volume in the spring, its smartphone margin will probably give us strong clues about how profitably Nokia can sell such a cheap device.
Wall Street is all over the place. The revenue consensus ranges from?5.9 billion euros to 7 billion euros. The smartphone sales expectation is high; investors want volumes to vault from 6.1 million units in Q1 to 8 million units in Q2. But even here there is ambiguity about what would be??good? volume. If Nokia beats the smartphone volume consensus but delivers surprisingly low ASP and margins, that is going to be taken as an indication that the 520 is eroding the profitability of the division.
What Nokia really needs right now is a smartphone volume of 8.1 million or higher with sequential ASP decline from the March quarter that is 2.8% or lower. That is a delicate needle to thread.
? Home | Apple Stock | Tracked Sites | TechNN | | E-Mail | Sherlock Plugin Close Left Panel | Login | Subscribe to MacSurfer's Headline News Poll | Most Popular | Talking Heads | A Year Ago Today |
Tuesday, July 16, 2013 Checked 6:35 PM; Last Updated 6:30 PM CDT; 23:30 GMT
?
Subscriptions
Benefits Include:
? Custom Newspages ? Keyword-Built Page ? Timestamp Options ? Choice of RSS Feeds ? Headline Discussions ? MORE ...
Today's MU PROMO offers 33% savings on WeaverPix 3.1.2. "WeaverPix helps you add gorgeous slideshows to your RapidWeaver website. Organize your images in a tidy interface. Then customize your slideshow's style, transitions, and attributes."
True/False: "Apple is still the king of design and innovation".
Vote for the results in the left column below or go straight to the results here.
Tuesday Highlights: Apple guru, and one of Steve Jobs' first hires, Bruce Tognazzini, tells CNBC he believes Apple has another product in the wings that will change everything once again; Todd Hixon questions what Apple's Fall product harvest will reveal, and whether or not the offerings are enough to "move the needle"; Bret Kenwell at TheStreet opines on whether Apple is going to take out Google once and for all, sees iWork, Television deals, among the reasons it could happen; news out of Israel that Apple is in talks to acquire PrimeSense, the company behind Microsoft's Kinect technology, perhaps to bring motion control to Apple's rumored television service, reports aplenty in our Apple/Macintosh, and General Interest sections; August is the month Apple and Samsung's sales ban legal brouhaha to land in appeals court; Apple releases Logic Pro X along with an iPad companion app, lots of coverage in our OS X section with reviews from Macworld and The Loop, and David Smith notes there's no upgrade pricing for the new app; another Mac malware in the wild, said to be signed with an Apple Developer ID, surmised to be government sponsored; and then there's the ransomware malware that poses as an FBI notice, which upon infection, demands $300 to unlock; for Mavericks beta testers, iDownload Blog has a tip on using Safari shared links, while Cult of Mac shows how to disable Dashboard on the new OS; Mactuts+ explains how to install newer Apple software versions on older Macs; new report suggests a doubling of the app economy by 2017 all the way to $151 billion, thanks to smart TVs, connected cars; does Apple have a "kill list" for certain words your iPhone doesn't want you to type?; apparently Chinese microbloggers don't think iPhone responsible for woman's death, and the Washington Post investigates the vast and unregulated phone charger industry in China; issues with next iPhone's fingerprint sensor said to be cause of possible reduction in shipments; also in our Hardware/Software section are the latest of Apple's patent applications, 40 of which are summed up at Patently Apple, and include multitouch CAD tools, a pico-projector for iDevices, among others; TekRevue compares new 802.11 ac routers, including Apple's newest AirPort Extreme.
TUESDAY BLOWOUT: Every NEW or RENEWING paid subscriber receives 2 YEARS FREE.
Welcome to MacSurfer's Headline News! Is this the headline you are looking for?
Tue Jul 16
"Report: Apple considering $300M purchase of first-gen Microsoft Kinect gesture sensor provider" VentureBeat
10:56 AM
News
"Apple Unveils Logic Pro X: Apple? today unveiled Logic? Pro X, the most advanced version of Logic Pro to date, featuring a new interface designed for pros, powerful new creative tools for musicians, and an expanded collection of instruments and effects. Logic Pro X includes Drummer, a revolutionary new feature that provides a virtual session player that automatically plays along with your song in a wide variety of drumming styles and techniques, and Flex Pitch, which provides integrated pitch editing for audio recordings. Apple also introduced Logic Remote, an innovative new way to play and control Logic Pro X from your iPad?, giving musicians the flexibility to create and mix their music from anywhere in the room."?Apple?8:09 AM
"Logic Pro X loses none of its power, gains great new features"?Macworld?8:37 AM
"Apple launches Logic Pro X with Drummer, Flex Pitch, plus Logic Remote for iPad"?AppleInsider?8:10 AM
"Apple releases major 'Logic Pro X' & MainStage 3 updates in Mac App Store"?9 to 5 Mac?8:29 AM
"Apple tunes up Logic Pro X"?CNET News?8:51 AM
"Apple Launches Logic Pro X with Virtual Drummer and Flex Pitch"?MacRumors?8:28 AM
"Apple Unveils Logic Pro X with Auto Drums, iPad Remote App"?The Mac Observer?8:21 AM
"Apple Releases MainStage 3 for Mac"?iClarified?9:37 AM
"New 'ransom' malware exploits JavaScript flaw to plague OS X users"?MacNN?8:29 AM
"Ransomeware is targeting Apple Mac OS X users via Safari: Demands users pay $300 to unlock systems"?The Inquirer?10:40 AM
"Mac Malware With Apple Developer ID 'Likely Government Sponsored': The sneaky Janicab malware is likely targeting activists in Kazakhstan and Russia"?TechWeekEurope?10:50 AM
"OS X Users Hit by Ransomware Websites Posing as FBI Notices"?MacRumors?10:47 AM
"Hackers Target Macs with Ransom Threat for Web Surfing"?The Mac Observer?12:36 PM
AppleCare/Troubleshooting
"Logic Pro X, MainStage 3: Plug-in setting for EVP88, EVB3, and EVD6 may not appear"?Apple Support?6:30 PM
"Logic Pro X: About working with projects from previous versions of Logic"?Apple Support?11:42 AM
"Logic Pro X: Understanding how take folders and the Audio Editor interact"?Apple Support?11:42 AM
"Logic Pro X: Some fonts might not work as expected"?Apple Support?11:42 AM
"Logic Pro X: Embedded audio in a movie may not play"?Apple Support?11:42 AM
"Logic Remote: Some key commands from Logic Pro X not available for assignment to buttons on Logic Remote"?Apple Support?11:42 AM
"Logic Pro X, MainStage 3: Some notes may not play"?Apple Support?11:42 AM
"Logic Pro X: Slow performance when adding a movie to a project"?Apple Support?11:42 AM
"Logic Pro X: Some key commands may not work with plug-in window"?Apple Support?11:42 AM
"Logic Pro X: Embedded audio in movie files plays behind the picture"?Apple Support?11:42 AM
"Logic Pro X: Logic only sees one USB audio interface device"?Apple Support?11:42 AM
"Logic Pro X: Loops from new Jam Packs may not appear in Loop Browser"?Apple Support?11:42 AM
"Logic Pro X: Importing split stereo audio files"?Apple Support?11:42 AM
"Logic Pro X: Moving a volume slider in the Track Header only affects one track"?Apple Support?11:42 AM
"Logic Pro X: MIDI Draw control points can't be entered on a region"?Apple Support?11:42 AM
Reviews/How-To/Tips
"Logic Pro X loses none of its power, gains great new features"?Macworld?9:39 AM
"Review: Logic Pro X"?The Loop?9:24 AM
"OS X Mavericks: How to use Safari Shared Links"?iDownload Blog?8:12 AM
"Red Giant BulletProof footage offload and preparation app"?IT.Enquirer?7:35 AM
"Installing Newer Apple Software on an Older Mac"?Mactuts+?8:35 AM
"Get Rid Of The Dashboard In Mavericks [OS X Tips]?Cult of Mac?8:32 AM
"Try The Free And Cleverly Named Mac App That Manages Reusable Code Snippets"?NoodleMac?7:33 AM
"How To Replace Google Reader On Your Mac (and why you need RSS)"?TeraTalks?7:33 AM
"The Easy Way To Turn Your Mac Into A Motion-based Home Video Surveillance System"?Mac 360?7:33 AM
"Photo Slide Shows: How To Do On Your Mac What Your Mac Can Already Do"?BohemianBoomer?7:32 AM
"How A Free Mac App Window Arranger Makes You A Better, More Productive, Organized Human Being"?McSolo?7:32 AM
"A Few Words About A Better Way To Use A Mac"?PixoBebo?7:34 AM
"How To Back Up Your Mac The Way It Was Supposed To Be Backed Up"?Mac 360?7:32 AM
Op/Ed
"Apple's Answer on Upgrade Pricing"?David Smith?9:39 AM
"Apple puts its price tag where its policy is, charges full price for Logic Pro X upgrade on Mac App Store"?iMore?9:38 AM
Press Releases
"LiteSwitch X 2.8b1 Goes Mavericks, Drops Registration"?FairerPlatform?9:38 AM
"Periscope Pro turns your Mac into a video surveillance unit"?TUAW?8:37 AM
"Ohanaware releases App Wrapper Mini for OS X - Xojo Post Production Tool"?prMac?7:40 AM
"More than half of all streaming boxes sold are Apple TVs"?GigaOM?3:09 PM
"Infinity Blade 2 Gets Giant Lift From Paid-to-Free Apple Promotion" ["The action-RPG sword-fighting game added 5.7 million new players in seven days. Laura Mustard, publicist for the game's developer, Chair Entertainment, said 1.7 million downloads occurred on Monday, the first day of the promotion."]?AllThingsD?3:18 PM
"App economy expected to double by 2017 to $151B: Innovations with smart TVs and connected cars will help drive app commerce"?Computerworld?8:19 AM
"Apple reportedly in talks to buy company behind Kinect sensor"?The Verge?8:04 AM
"Apple may acquire an Israeli Company for Advanced 3D Depth Camera Technology for Apple TV, Gaming and More"?Patently Apple?8:49 AM
"Apple Is Reportedly Trying To Buy The Company That Helped Microsoft Make The Xbox Kinect Motion Controller"?Business Insider?8:10 AM
"Apple is in talks to buy Microsoft Kinect sensor creator Primesense"?The Inquirer?7:58 AM
"Apple 'in talks' to buy motion control specialist (and Kinect maker) PrimeSense"?Engadget?7:58 AM
"Report: Apple proposing ad-skipping feature for Apple TV"?Electronista?8:29 AM
"Saying 'nyet' to Apple's iPhone"?Fortune?9:38 AM
"The Apple 'Kill List': What Your iPhone Doesn't Want You to Type/Spell 'electrodialysis' wrong in a text, and Apple will correct you. Miss 'abortion' by one letter? You're on your own. A Daily Beast investigation on what your iPhone doesn't want you to say."?The Daily Beast?8:50 AM
"Apple Owns 56% Of The Streaming Devices Market, Roku Second With 21%"?Seeking Alpha?11:41 AM
"Apple investigating iPhone electrocution claim: China's consumer-safety agency has warned of an electrocution risk from unregulated mobile-phone chargers, which are common in China."?Washington Post?8:03 AM
"iPhone electrocutes bride-to-be, Galaxy S4 injures teen"?Crave @ CNET?10:51 AM
"Death by iPhone? Not likely, say China's microbloggers" [Video Report]?Reuters [Free Registration Required]?8:25 AM
"Here's What It Looks Like When You Replace Photographers With iPhone-Wielding Reporters"?Wired?7:53 AM
"'Jobs' movie promo becomes first trailer to hit Instagram"?Digital Trends?8:12 AM
"Check out the new 'Jobs' biopic trailer on Instagram video only"?Memeburn?7:41 AM
"Analysis of iPod-recorded audio can track the struggles of endangered species"?The Verge?3:07 PM
Non-Apple News
"AT&T Unveils Fast-Upgrade 'Next' Plan"?PC Magazine?8:49 AM
"AT&T Rolls Out New 'AT&T Next' Smartphone and Tablet Upgrade Program"?MacRumors?8:28 AM
"AT&T introduces new 'AT&T Next' device upgrade program"?iDownload Blog?8:11 AM
"Baidu to Buy Mobile App Store for $1.9 Billion"?WSJ.com [Paid Membership Required]?7:48 AM
Publications/Podcasts
"Jeff Carlson Talks About The iPad for Photographers"?MacVoices?1:14 PM
"The Portable Podcast, Episode 193"?148Apps?12:42 PM
"My OS is better than your OS"?iMore?12:42 PM
Deal Brothers Daily Deal: Save $25 on 5th Gen 32GB Apple iPod Touch, Free Shipping
"Chat Sensation WhatsApp Is Now Free -- Sort Of"?Forbes?3:52 PM
"Griffin's PowerDock 5 Can Charge Up To Five iOS Devices At Once"?AppAdvice?3:08 PM
"Microsoft Releases A Hobbled Outlook iOS App That Pretty Much No One Will Use"?TechCrunch?3:16 PM
"Microsoft releases OWA for iPhone, iPad"?CNET News?3:09 PM
"Another Microsoft iOS app: Outlook for Office 365 subscribers"?9 to 5 Mac?3:06 PM
"Outlook iOS Apps for Office 365 for Business Subscribers Debuts in App Store"?MacTrast?3:06 PM
"Microsoft Launches Outlook For iOS Apps"?AppleBitch?3:06 PM
"Microsoft delivers native Outlook Web App clients for iPhone, iPad"?ZDNet?1:16 PM
"Bigger, better MacTech conference coming this November"?TUAW?9:38 AM
"Viewfinder, an app from former Google folks, makes it easier to view and share iPhone photos"?GigaOM?8:33 AM
"Max Payne 3 for Mac now 75% off at Steam, but grab it quick!"?iMore?8:32 AM
"LifeApps? Digital Media Inc. MDWorkout? Fitness App Helps Users Battle Obesity"?Business Wire?12:43 PM
"Chase Launches App for iPad Users Looking for a New Pad"?Business Wire?12:43 PM
"MAPi Introduces Bold Fashion Colors for iPhone 5 and Galaxy S4"?Business Wire?8:23 AM
"IMDb app update for Android and iOS brings movie ticket purchases"?Digital Trends?8:12 AM
"Novell revamps iPrint as universal print server with support for Android and Apple devices"?V3?8:10 AM
"Cydia Tweak: PebbleActivator Enables Control Of Your iOS Device From A Pebble Watch"?AppAdvice?8:03 AM
"Dictionary.com For iPhone Gets New Interface, Rhyming Words Collection And More"?AppAdvice?8:03 AM
"Apple Hoping To Incorporate Ad-Skipping Technology Within Its TV Service"?AppAdvice?8:03 AM
"Tango Messaging App Updated With Profile Creation, Nearby User Search And More"?AppAdvice?8:03 AM
"ArchiCAD 17 wins TenLinks 'Best of Show' nominee at AIA 2013"?Architosh?7:49 AM
"Who Wants a Concrete iPhone Skin?"?Gizmodo?7:41 AM
"OWC Envoy Pro EX Portable SSD Drive Is Gorgeous But Crazy Expensive"?Cult of Mac?7:41 AM
"Spendee Is The iPhone Budgeting App That You'll Actually Want To Use"?Cult of Mac?7:41 AM
"Editorial, Like Pythonista For Text"?Cult of Mac?7:40 AM
"OmniFocus For iPhone Adds Background Location-Based Sync"?Cult of Mac?7:40 AM
"New DIY Map GPS App Allows iOS Users to Create a Unique Map Experience"?prMac?8:25 AM
"iCasualTours 2.0 for iOS has been released on the App Store"?prMac?7:40 AM
"Keep all your passwords now completely safe in one app"?prMac?7:40 AM
"Revolutionary New Basketball App - Statgeek - Free For 72 Hours"?prMac?7:40 AM
"Become an App Launch Ninja with 1TapBundle"?prMac?7:40 AM
"When are 8,194 Food Choices Just Not Enough? More Often Than You Think"?prMac?7:40 AM
"Potsy - Reinvention of Hopscoth - New Arcade Game for iPhone and iPad"?prMac?7:40 AM
"Dell investors should take the money and run/Commentary: Decent value unlikely if PC maker stays on the market"?MarketWatch?7:15 AM
"What Carl Icahn doesn't understand about Dell"?ITProPortal?7:18 AM
"Dell Unleashes New Version of Desktop Virtualization Platform"?SiliconANGLE?7:17 AM
"Dell enters three-year partnership with Camara to introduce technology into two schools in Dublin and Limerick"?Business & Leadership?7:17 AM
"Peak PC and Microsoft's dilemma/Here's the big question: Does the personal computer industry stabilize, and if so, where?"?Computerworld?9:09 AM
"Microsoft broadens its Windows Azure desktop-hosting licensing terms"?ZDNet?7:52 AM
"Microsoft Smartwatch Being Tested By Surface Team"?TechWeekEurope?7:53 AM
"Microsoft beware: Google Chromebooks could surge/Chromebook shipments could spike in the second half of the year. That's not good news for Microsoft, which is seeing falling laptop deliveries."?CNET News?6:58 AM
"Windows XP End of Life: HP Offers Migration Support"?The VAR Guy?7:19 AM
"Ray Ozzie joins Hewlett-Packard board: Ex-Microsoft chief software architect to help HP build out its enterprise software and services business"?IDG News Service?7:19 AM
"HP Names Ex-CEOs of McDonald's, Liberty Media to Board"?Bloomberg?7:20 AM
"HP, rivals spar over $3.5B IT contract with U.S. Navy/Summary: How much does $3.5 billion mean to ailing PC maker HP? Quite a lot, considering it made just half that figure during its second-quarter earnings, down year-over-year."?ZDNet?9:35 AM
"Intel acquires gesture computing firm Omek/Summary: It's possible that Intel is moving to bolster its position in the gesture and sensor-based computing market, but likely not exclusively."?ZDNet?9:32 AM
"Intel buys gesture firm Omek Interactive for $40M: report: The Israel-based company provides gesture-recognition technology. It was believed that Samsung and Qualcomm were also in the running to acquire Omek."?CNET News?9:14 AM
"Intel's acquisition of Omek means you might never have to touch a PC again"?The Verge?7:13 AM
"Gesture In The Picture, As Intel Reportedly Picks Up Omek But PrimeSense Dismisses Apple Acquisition Rumors"?TechCrunch?9:14 AM
"For Acer, USB 3.0 steals Intel's Thunder(bolt)"?PCWorld?9:31 AM
"Intel Taps New Opportunity: 3-D Movies"?WSJ Blogs?6:17 AM
"Intel Corporation (INTC) To Expand Server Chips Usage In Mobile"?ValueWalk?7:46 AM
"AMD FX-9000-series hardware now available/Summary: From today you'll be able to buy PCs powered by AMD's 5GHz, 8-core FX-9590 processor."?ZDNet?7:21 AM
"AMD Crystal series are next gen mobile cards"?Fudzilla?7:21 AM
"AMD Kaveri supply may be delayed to early 2014"?DigiTimes?9:39 AM
"AMD's Kabini Spotted Ahead of Schedule"?EE Times?9:38 AM
"Oracle updates Exalytics systems with X3-4"?V3?9:36 AM
"Perimeter Security Focus Leaves Strategic Business Assets Vulnerable To Cyberattack" [Forbes OracleVoice]?Forbes?9:37 AM
"Sun sets on Oracle VDI products: Sun Ray going down for the last time"?The Register?7:54 AM
"New highs for Cisco Systems, Inc."?Avauncer?7:22 AM
"PC market's Q2 decline might be even worse than we thought"?BGR?6:38 AM
With the IPO door seemingly shut to gaming companies, some of the biggest privately-held studios in the world have been looking for new ways to reward longstanding employees. San Francisco’s Kabam becomes yet another one today in a deal that let employees sell $38.5 million of their shares at a $700 million valuation. Everyone in the company who had vested shares had the choice to sell, so it wasn’t limited to just the management. Kabam isn’t saying who is funding this offering, except to say that both current investors as well as a few new investors are participating. Kabam’s most recently disclosed valuation before this offering was roughly $500 million in a May 2011 deal that involved Google Ventures, Intel Capital, Redpoint Ventures and Canaan Partners. But since Kabam has successfully transitioned onto mobile platforms and away from Facebook with three of the top 25 grossing iPhone titles in the U.S., it’s been able to bump that valuation up a little bit. The company now says it may make about $300 million this year in revenues, up from $180 million last year. While the company says it’s profitable, it’s still not clear how profitable it is. Kabam said it has more than $50 million in cash in the bank today. But the company also said it had $45 million in cash in the bank back in January, so a roughly $5 to 10 million increase in cash on the balance sheet over six months is not that much. CEO Kevin Chou has publicly talked about the company’s IPO prospects in the past. But after Zynga’s disastrous debut with a 75 percent decline in its first year, very few gaming companies seem willing to test the IPO waters. Even though The Wall Street Journal reported last month that King, the maker of Candy Crush Saga, had hired bankers to explore an IPO, sources close to the company have told me King has backed off this prospect for the time being. What that means is you have a host of companies that are throwing off cash that are tied in their ability to provide returns to early shareholders or reward employees. In this case, a secondary offering might make sense. Finland’s Supercell gave all of its employees the option to sell 16.7 percent of their stakes when they raised $130 million at a $770 million valuation earlier this year.
With the IPO door seemingly shut to gaming companies, some of the biggest privately-held studios in the world have been looking for new ways to reward longstanding employees. San Francisco’s Kabam becomes yet another one today in a deal that let employees sell $38.5 million of their shares at a $700 million valuation. Everyone in the company who had vested shares had the choice to sell, so it wasn’t limited to just the management. Kabam isn’t saying who is funding this offering, except to say that both current investors as well as a few new investors are participating. Kabam’s most recently disclosed valuation before this offering was roughly $500 million in a May 2011 deal that involved Google Ventures, Intel Capital, Redpoint Ventures and Canaan Partners. But since Kabam has successfully transitioned onto mobile platforms and away from Facebook with three of the top 25 grossing iPhone titles in the U.S., it’s been able to bump that valuation up a little bit. The company now says it may make about $300 million this year in revenues, up from $180 million last year. While the company says it’s profitable, it’s still not clear how profitable it is. Kabam said it has more than $50 million in cash in the bank today. But the company also said it had $45 million in cash in the bank back in January, so a roughly $5 to 10 million increase in cash on the balance sheet over six months is not that much. CEO Kevin Chou has publicly talked about the company’s IPO prospects in the past. But after Zynga’s disastrous debut with a 75 percent decline in its first year, very few gaming companies seem willing to test the IPO waters. Even though The Wall Street Journal reported last month that King, the maker of Candy Crush Saga, had hired bankers to explore an IPO, sources close to the company have told me King has backed off this prospect for the time being. What that means is you have a host of companies that are throwing off cash that are tied in their ability to provide returns to early shareholders or reward employees. In this case, a secondary offering might make sense. Finland’s Supercell gave all of its employees the option to sell 16.7 percent of their stakes when they raised $130 million at a $770 million valuation earlier this year.