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It has been reported by multiple outlets Tuesday that Oswalt has agreed to terms with the Texas Rangers on a one-year deal that will pay the 34-year-old a guaranteed $5 million, along with the potential to earn another $1 million in incentives.
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BlackBerry CEO Hints Research In Motion May Be Up For Sale
Research In Motion is a company in transition. It is going from a global powerhouse smartphone maker to a struggling equipment manufacturer with too much company bloat, an aging operating system and declining user base. In a letter to investors today, CEO Thorsten Heins acknowledged that RIM had contacted bankers from J.P. Morgan and RBC Capital Markets to assist RIM in reviewing its financial stability and goals. In essence, Heins said that RIM, or at least parts of it, may be up for sale.
Heins took over RIM in a bad spot but, unlike chief executives from Yahoo and Hewlett-Packard, he's making the best of a bad situation. He is candid and funny and, most importantly, very honest. Heins presents a ?go team? type of spirit that is encouraging for RIM after all the bad news the company has seen since the beginning of 2011. Sometimes a large company?s CEO just needs to be its biggest cheerleader.
That cheerleading spirit and honesty was on display in Heins?s letter to investors ahead of its first quarter earnings to come out next week. He touted the attendance at the company?s BlackBerry Jam earlier this month, the excitement around BlackBerry 10, the developer ecosystem (BlackBerry App World is now up to 80,000 apps) and the RIM?s global user base (78 million). We know RIM is not doing well, but it still has $2.1 billion in the bank and a little runway in which to smooth things out.
At the end of Heins?s letter, he acknowledged RIM?s talks with banks about its financial position.
?To further enhance our commitment to successfully completing our transformation, after the release of our year-end financial results, we engaged J.P. Morgan Securities LLC and RBC Capital Markets to assist the Company and our Board of Directors in reviewing RIM?s business and financial performance. These advisors have been tasked to help us with the strategic review we referenced on our year-end financial results conference call and to evaluate the relative merits and feasibility of various financial strategies, including opportunities to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives,? Heins said.
This may come as no surprise to industry watchers, but BlackBerry is looking to do whatever it takes to remain solvent. But, what exactly are, ?partnerships, licensing opportunities and strategic business model alternatives??
Companies do not go seeking the help of J.P Morgan on a whim. Essentially, what Heins was saying is that RIM approached the banks to test the waters for a sale. If not a sale, per se, then the ability to license the actually manufacturing of BlackBerry smartphones to a different equipment manufacturer or to partner with companies to make equipment for them. For instance (and purely theoretical), a Facebook Phone built by BlackBerry.
Strategic business model alternatives could mean just about anything. That includes getting out of the manufacturing business entirely and becoming a pure software platform provider. RIM has assets to pull that off in the areas of communications (through BlackBerry Messenger), security (BlackBerry Enterprise Server) and application development. If RIM were to choose that road, it would be a painful transition for the company and thousands of employees.
In the letter, Heins said that RIM would be becoming a leaner machine in the near future. That means layoffs and probably a lot of them. The company has already lost a significant portion of its top executives but many of the average jobs at the company will likely go in the not-so-distant future.
?We will also continue to review RIM's organizational structure and clearly define accountabilities for all key businesses and business processes with a goal of eliminating fragmentation, duplication and inefficiencies. While there will be significant spending reductions and headcount reductions in some areas throughout the remainder of the fiscal year, we will continue to spend and hire in key areas such as those associated with the launch of BlackBerry 10, and those tied to the growth of our application developer community,? Heins said.
Essentially, RIM is cutting itself back to core competencies. BlackBerry 10, which will have to be the company?s saving grace (or it will have to sell for sure), will be getting the lion?s share of resources in the near term. International sales and BlackBerry Messenger are two of RIM?s remaining strengths and will likely get a boost too. Marketing will see a bump as well, especially as BlackBerry 10 comes to off the assembly line. Anything else outside of those areas will be ripe to be sold, lose employees or outright shut down.
All the hopes for RIM rest with BlackBerry 10. Until that is released, RIM will be hurting and shedding money. Heins?s job until that point is to keep the company afloat and explore all options, including a sale of all or part of the business.
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What Is the Point of: Klout?
Whenever a new Web trend comes along, there are people who ask, "What is the point of this?" If millions of people are using something, there has to be a reason. In our What Is the Point of... series, we'll explain it to you.
This week, we're asking, What is the point of Klout?
Klout is a service that uses a secret algorithm to measure online influence. You connect it to the social networks you use, and it analyzes your activity and "engagement" - the interactions you have with other people on those networks - to determine your score. A Klout score is a public rating of how important Klout's algorithm thinks you are on the Internet. That's about it. It doesn?t take into account your job, education or real-world interactions.
Klout breaks down people's online ?influence? by topic, which should theoretically help you find interesting people to follow on topics you like. Most social networks do this, too, but Klout uses something called +K points.
See also: 17 Alternatives to Klout
If someone thinks you?re expert on a certain subject, they can visit your user page and award you +K points, which is supposed to further increase your "influence." But like your overall score, it doesn?t have a lot of relevance outside of the Klout echo chamber.
Just search for "received +K in" on Twitter, and you'll see people broadcasting their thanks to people who gave them +K in topics like real estate, boats, email marketing, food, and even Klout itself. They might be really proud of their +K, but their tweets aren?t ?influencing? anyone, it?s a closed feedback loop. On top of that, people can give +K for intentionally wrong and hilarious things, which makes Klout scores look even more arbitrary.
Related: Mike Arrington's detailed thoughts on Klout
But that hasn?t stopped Klout from becoming hugely popular, to a point where some companies will ignore a customer?s complaints unless their Klout score is so high that they're likely to get the word out about how horrible the company is.
Social media influence is a real thing - surely, public social networks thrive on personality and popularity - but Klout is a nearly arbitrary scoreboard. For marketers and other people who care about segmenting the population, like maybe government agencies, Klout is a nice tool for aggregating clumps of people into various tiers of ?importance.?
But for individual users, it's just uncomfortable. Imagine if people had popularity numbers floating above their heads in high school. That wouldn't exactly improve the atmosphere.
In other words, there is no point of Klout, at least for normal people. If you just want to have conversations on the Internet like a human being, you should probably mute it, block it and avoid it entirely.
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'The Avengers' Torpedoes 'Battleship' At Box Office
'Dictator' and 'Dark Shadows' also make the top five over the weekend.
By Ryan J. Downey
Chris Evans as Captain America In "The Avengers"
Photo: Walt Disney Studios
Of all the foes the Avengers have defeated, Universal Pictures may be the first to cry, "You sunk my battleship!"
With another $55.1 million earned during its third week in domestic theaters, "The Avengers" held strong at #1 over the weekend as Earth's Mightiest Heroes fended off competition from three new contenders, including "Battleship." The big-budget action pic, loosely adapted from the vintage game, which featured the catchphrase "You sunk my battleship!" in its once-ubiquitous TV commercials, was a distant second with an estimated $25.3 million debut.
Universal spent a reported $209 million on "Battleship," which opened earlier overseas (where it has already made $226 million). But the domestic debut for the action flick, which mixes seafaring military adventure with an alien invasion, is still a huge disappointment. "Battleship" lists Taylor Kitsch first in the credits among a cast that also includes Rihanna, "True Blood" star Alexander Skarsgård and Liam Neeson. The former "Friday Night Lights" actor top-lined "John Carter" for Disney earlier this year, which famously flopped with a $30.2 million opening weekend against a $250 million budget.
Disney shouldn't be feeling the sting of "John Carter" any longer, of course.
"The Avengers" is the first film distributed by the mouse house since the company bought Marvel, who produced the superhero team-up in association with Paramount Pictures. "The Avengers" has passed "Pirates of the Caribbean: Dead Man's Chest" to become the studio's biggest movie ever, collecting over $450 million in the U.S. in just 17 days (10 days faster than previous quickest-to-$450-million record-holder "The Dark Knight").
The long-awaited and well-reviewed film uniting the big-screen incarnations of Captain America, Iron Man, Thor, Hulk, Black Widow and Hawkeye became the fourth-highest-grossing movie of all time over the weekend, sitting on the worldwide chart just behind "Avatar," "Titanic" and "Harry Potter and the Deathly Hallows, Part 2." And "Battleship" wasn't the only newcomer to buckle against the continued strength of Marvel's heroes.
"The Dictator" was #3 during its first weekend in theaters with $17.4 million. The latest comedy from Sacha Baron Cohen, best known to American audiences for "Borat," has collected $24.4 million since it opened in the middle of last week. The comedian's "Brüno" opened with $30.6 million in 2009, higher than the original bow of "Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan." However, during its entire domestic run in theaters, "Brüno" ultimately grossed less than half of the $129.5 million gathered by "Borat" from November 2006 into 2007.
"What to Expect When You're Expecting," loosely inspired by the book of the same name, settled for fifth place with a $10.5 million debut. The ensemble comedy has been savaged by film critics. "What you don't expect is how bad almost all of it is," wrote the New York Daily News. The Philadelphia Inquirer wasn't much kinder: "It makes one long for the comparative complexity and subtlety of 'Valentine's Day.' "
Sandwiched between "The Dictator" and "What to Expect" at #4 was Johnny Depp's "Dark Shadows," a satirical take on the vampire soap opera of the same name, which teamed Depp once again with filmmaker Tim Burton and Burton's domestic partner, actress Helena Bonham Carter. "Dark Shadows" dropped 57 percent in its second weekend, taking in just $12.8 million for a total of $50.9 million. The last Depp/Burton collaboration, "Alice in Wonderland," is #25 on the all-time box-office-gross list with $334.1 million. The Atlantic summed up "Dark Shadows" like this: "Fans of Depp's past collusions with Burton will find their rewards along the way. But there's a perfunctory vibe to the goings on, a weariness amid the weirdness."
The trio of Will Smith, Tommy Lee Jones and Josh Brolin (as a younger version of Jones' character) are projected to have the best chance yet of defeating Earth's Mightiest Heroes at the box office when "Men in Black 3" arrives in theaters this weekend. The sequel will, of course, be aided by "The Avengers" nearly month-long availability at that point and audience familiarity with the first two blockbuster entries in the series.
Check out everything we've got on "The Avengers" and "Battleship."
For young Hollywood news, fashion and "Twilight" updates around the clock, visit HollywoodCrush.MTV.com.
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Four members of an Eritrean club soccer team who staged a dramatic defection after a tournament in Tanzania last summer arrived in Houston with just a few photos of their glory days and some clothing.
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6 Time Management Strategies for Startups
Many startups seem to be powered solely by excitement over the new business (occasionally mixed with some Red Bull and Starbucks). Startup founders typically devote every waking moment to their companies, and probably even dream about it too. But while pure passion can propel entrepreneurs 24/7 for a while, eventually even the most committed startup teams need to learn to manage their time.
Burnout is one obvious danger of poor time management. But even more important is the risk that something important will fall through the cracks. If you fail to respond to a potential partner or prospect in a timely fashion because there?s too much on your plate, you could be blowing a make-or-break opportunity.
Time management is one of the top challenges for every entrepreneur I know. After years of experience working with entrepreneurs and business owners, I have learned a few tricks for getting more done in the 24 hours we all have.
1. Know thyself. Everyone has a natural rhythm - some of us are morning people and some don?t become fully awake until after noon. Pinpoint your ?up? times and use them for the most crucial business tasks - like meetings with investors, brainstorming sessions or putting together proposals. Feel your energy flagging? Use that time for tasks that don?t require as much brainpower, like checking email, updating your calendar or organizing your files.
2. Prioritize. The first step is to recognize you can?t do everything you want to do. Then you need to figure out what?s most important and work on that first. What?s most important is likely to vary from day to day, but in general, focus on the activities that generate the most money or have the potential to do so. That may mean concentrating on developing game-changing features or product improvements instead of day-to-day tasks. It may also mean responding to leads from bigger prospects or proposals from larger investors before smaller ones - or completing projects for bigger or more established clients before slower-paying or newer ones.
3. Harness technology. Make sure the tech tools in your life work together to simplify and streamline time management. Use cloud solutions to store your data and synchronize files and calendars so you?re not entering appointments in multiple devices or finding yourself without crucial files. Use online project management tools to keep you on top of what your team is doing at a glance. Regularly weed out apps you aren?t using or tools that aren?t working - sometimes, we get so enamored by what technology can do for us that we stop recognizing when it?s getting in our way.
4. Identify time-wasters and find solutions. Keep a log of your activity for a week or so. You may be surprised how much time you?re using inefficiently. Are you typing the same response to emails over and over? Create a template or shortcut to save time. Maybe you spend hours sorting receipts for accounting. Try an app that lets you quickly scan them and trash the paper.
5. Delegate. It?s hard to let go of your ?baby,? and even if you?re willing to, at this stage you probably don?t have enough staff to delegate a lot. But if you?re lucky enough to have some employees, independent contractors, or even friends and family who will donate some of their time, sit down and assess what you could possibly offload to others. You?d be surprised how getting some grunt work off your plate can free up your creativity and energy to truly grow your business.
6. Get offline. I?m not advocating abandoning your email or leaving your smartphone at home, but even tech entrepreneurs recognize that the onslaught of input has to be shut off every now and then. Set aside blocks of time to focus on important projects. You?ll be surprised what an hour or two a day can do for your business.
What time management tactics work for your startup?
Image courtesy of Shutterstock.
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