Technology Report: Amazon may sell 3-5 million tablets in Q4: Forrester

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE
	08/29/2011
Good afternoon Bit One of tech's most anticipated public offerings of the year could be delayed, according to a report in the New York Post on Monday. Online gaming company Zynga may hold off on its IPO until November said The Post, citing a "source close to the company." The delay is partly related to questions the SEC has about how Zynga measures its daily and monthly users, as well as its bookings, CNBC reported. "Zynga's accounting measures are less worrisome to the SEC than Groupon's, says one person familiar with the matter, but the agency is nonetheless working to make Zynga's prospectus as accessible to investors as possible," writes CNBC's Kate Kelly. Renowned venture capitalist Alan Patricof, managing director of Greycroft Partners LLC, told Bloomberg TV he thinks Zynga is merely waiting for a "hole in the market," which he described as a one or two-week period where the markets are up and the underwriting bank "calls up and says we're going tomorrow." Fortune.com's Dan Primack calls Zynga's IPO delay a "non-story." "Is it really news that market volatility might push things back a few weeks? ... This is not a story about Zynga losing anything, let along its 'zing.' Need proof. Just try substituting any other IPO candidate where the NY Post writes Zynga." News of Zynga's potential delay comes just 36 hours after Bloomberg reported the company restructured its shareholder agreement to give founder Mark Pincus unparalleled voting power. The board approved three tiers of stock, giving each one of Pincus's shares 70 votes, up from 10, according to a document obtained by Bloomberg. The move gives Pincus more power than LinkedIn founder Reid Hoffman or Google founders Larry Page and Sergey Brin. Zynga has asked current shareholders to agree to the new stock structure by Sept. 2. LATEST NEWS Amazon may sell 3-5 million tablets in Q4: Forrester August 29, 2011 03:27 PM ET SAN FRANCISCO (Reuters) - Amazon.com Inc may sell as many as 5 million tablet computers in the fourth quarter, making the largest Internet retailer the top competitor to Apple Inc in this fast-growing niche of the consumer PC market, Forrester Research said on Monday. | Full Article China says to get tougher in fight against hacking August 29, 2011 11:42 AM ET BEIJING (Reuters) - China's Supreme Court and prosecutors office will step up the fight against computer hacking by toughening penalties for those caught doing it, state media said on Monday. | Full Article Exclusive: Majesco to release Twister video game in Nov August 29, 2011 02:06 PM ET NEW YORK (Reuters) - The original interactive game, Hasbro's Twister, is going interactive. | Full Article Samsung delays tablet launch in Australia on Apple suit August 29, 2011 08:40 AM ET SEOUL (Reuters) - Samsung Electronics Co said on Monday it would delay the launch of its latest Galaxy tablet computer in Australia until after a court ruling in September in its ongoing global patent dispute with Apple. | Full Article Wall Street surges 2 percent on Greek bank deal; trade thin August 29, 2011 04:28 PM ET NEW YORK (Reuters) - U.S. stocks soared more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe. | Full Article BUSINESS NEWS Consumer spending data allays recession worries August 29, 2011 01:47 PM ET WASHINGTON (Reuters) - Consumer spending rose at its fastest pace in five months in July, a further sign the economy is not falling back into recession, although manufacturing activity in Texas almost stalled this month. | Full Article Irene likely dented August auto, retail sales August 29, 2011 04:40 PM ET NEW YORK/DETROIT (Reuters) - Hurricane Irene hit the U.S. East Coast at the most inopportune time for many businesses, keeping millions of shoppers away from stores and auto dealerships during what should have been a busy weekend. | Full Article Bank of America to sell China bank stake for $8.3 billion August 29, 2011 02:37 PM ET CHARLOTTE, N.C./HONG KONG (Reuters) - Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital. | Full Article UAW chief says "upbeat" on auto talks August 29, 2011 03:00 PM ET DETROIT (Reuters) - United Auto Workers President Bob King said on Monday that he was "upbeat" about reaching a contract deal with U.S. automakers that would keep them competitive against Asian and European rivals. | Full Article Vermont, New Jersey flooded as Irene spares NYC August 29, 2011 05:01 PM ET FAIRFIELD, N.J./BRATTLEBORO, Vermont (Reuters) - New Jersey and Vermont struggled with their worst flooding in decades on Monday, a day after Hurricane Irene slammed an already soaked region with torrential rain, dragging away homes and submerging neighborhoods underwater. | Full Article U.S. TOP NEWS Exclusive: Finland wants Luxembourg agency to hold Greek assets Gaddafi family members flee to Algeria without him No sign that Gaddafi has left Libya: White House Mexico arrests 5 linked to deadly casino attack Town mints own money to fight austerity RELATED VIDEO Chemical mixture helps ID Mexico murder victims Experimental plane reaches 13,000 mph The future of Apple without Steve Jobs A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Qantas apologizes for rugby fan photo Full Article Boy trapped in bus after driver forgets him Fish-catching trick may be spreading among dolphins - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend