Tech Biz Replay: Yahoo’s NEW HR Executive, Nokia’s 920 DEBUT
The former Apax Partners executive Jacqueline Reses has been recruited at Yahoo! Inc. (NASDAQ:YHOO) to become its new human resources chief, replacing David Windley, who exited three weeks ago as part of Marissa Mayer’s remake of Yahoo’s HR and talent-acquisition endeavors. On Tuesday it was said Mayer has been personally reviewing each new Yahoo hire. Is she trying to head off another Scott Thompson situation?
Fallout from Nokia Corporation’s (NYSE:NOK) Lumia 920 disappointing debut is sending its shares over the cliff Wednesday, now off their August 27th highs by some 24 percent. The specs of the 920’s PureView camera did not impress, and the fact that Nokia is only promising availability of the phone in “select markets” in the fourth quarter is not helping matters. Not only did the company fail to set a specific sale date for the 920, it also didn’t announce carrier partners, says Wells Fargo, even though most observers had anticipated that the Lumia 900 partner AT&T Inc. (NYSE:T) would become the 920’s exclusive domestic seller. On the other hand, The Verge’s hands-on preview is upbeat: it praised the product’s display and design, along with the camera’s image stabilization and low-light capabilities.
Dynamic random access memory providers such as Micron Technology Inc. (NASDAQ:MU), and Samsung (SSNLF.PK), are feeling the impact of microeconomic effects on that market. Demand for DRAM is becoming more inelastic, according to iSuppli, which means that as prices fall, the quantity of sales do not expand sufficiently to make up for revenue lost (your old econ prof would draw an almost vertical demand curve on the board at this point). To make matters worse, this growing inelasticity is being accompanied by falling PC sales, and the situation could be reinforced when Window 8, which is more memory-efficient than Windows 7, hits the market.
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