Featured Firefox Extension: Automate Repetitive Web Site Actions with CoScripter
Saturday, September 08, 2007
Solar Installer SolarCity Raises $21M
We’re already feeling a bit sunburned from all the solar funding over the past few weeks. But serious folks, there’s even more that we’ve learned about. On Monday SolarCity, which provides solar systems for homes and businesses, plans to announce they have closed $21 million in their third round of funding, led by Draper Fisher Jurvetson, JP Morgan and Elon Musk. The Foster City, Calif.-based company has now raised over $31 million.
The cleantech industry might not want to talk about a clean tech bubble, but solar overindulgence? Seems so. Earlier this week solar concentrator company SolFocus raised $52 million, while solar financing company Tioga added $4 million. The week before solar photovoltaic company Solarcentury raised $27.2 million, solar cell developer Solexant raised $4.3 million, and Plextronics raised $20.6 million for its organic semiconductors, which can be used for thin film solar applications.
Notepad toaster burns handwritten messages into bread
Designer Sasha Tseng (unlinkable Flash site here) has created this prototype toaster/notepad. Scribe your note on the tablet over the toaster, and it will burn the message into the bread. Link (via Cribcandy)
Friday, September 07, 2007
Gadgets: Cradlepoint CTR-350 Spreads the Broadband from Cellphone to Wi-Fi
Augustine: just what I wanted with my new iPod. My existing cell serves as WiFi hotspot for the iPod to connect to the internet and surf via Safari!
Jobs’ Mea Culpa is Apple’s Victory
I disagree with Om on this. I get this feeling that this is exactly what Steve Jobs had planned all along? The chances are high that that extra $100 you would have saved, had the iPhone been appropriately priced to begin with, would have been spent outside an Apple (AAPL) store. Now it's staying in Apple's coffers. And Steve Jobs looks like a caring, responsive CEO who didn't mean to hurt anyone's feelings.
So Apple wins again. Forget the news stories that say Apple cut its price because sales were sluggish. On Tuesday, iSuppli, a research firm, said nearly one in 50 mobile phones sold in the U.S. was an iPhone, and that Apple was on track to sell 4.5 million iPhones this year. Today, iSuppli reiterated that view:
The iPhone outsold all competing smart-phone and feature-phone models in the United States in July on an individual basis. iSuppli�s teardown research indicates that Apple was generating a robust hardware margin at its previous pricing, and will still be profitable at the new pricing.
I suspect the money Apple makes off the iPhone will be a wash: What it loses in the new discount it will easily make up in holiday-season volume. And it will end the year with an even higher market share in handsets.
But what about Apple's stock? It fell to $132.93 this morning from a high of $145.73 Tuesday, a drop of nearly 9%. Again, the press has been quick to assert that Wall Street was disappointed with Jobs' announcements yesterday, particularly the iPhone price cut. But look at the 5-day chart, and it's clear that Apple is actually up. It was a classic case of buying the pre-announcement hype and selling on the news. It may even offer a last-chance to buy in at this level.
Over at Barron's Tech Trader Daily, there is a nice summary of analyst's preliminary reactions to the iPhone news. Bottom line, analysts were taken aback by the timing and the degree of the iPhone discount, but overall they remained "fairly enthusiastic" and few dared to lower their ratings or price targets.
Apple does not take pride in disappointing investors, and it may be that this iPhone discount, coming sooner rather than later, is a way of signaling that iPhone sales have been strong enough that it can lower prices without missing targets.
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