Technology Biz Update: Zynga’s Gambling Lust, Yahoo Shoots for Google’s Revs Per Employee
India’s top court ruled that Vodafone (NASDAQ:VOD) isn’t responsible for up to $4.4 billion in back-taxes and penalties. This is great news not only for Vodafone but for also for other firms dealing with similar tax battles in India, including AT&T, GE (NYSE:GE), Cadbury (NYSE:KFT), SABMiller (SBMRF.PK) and Sanofi-Aventis (NYSE:SNY).
Samsung (SSNLF.PK) lost to Apple (NASDAQ:AAPL) in a German court in a fight over mobile technologies patents. Samsung has not decided yet whether it wants to pursue an appeal. Court decisions are still pending on two other Samsung/Apple infringement claims.
Investing Insights: Google Shares Plummet on Disappointing Earnings Report.
Zynga (NASDAQ:ZNGA) jumps 6.1 percent after confirming to All Things Digital that it’s in “active conversations” with possible partners as it contemplates diving into the online gambling market. As the future looks brighter for legalizing online poker, rumor has it that Zynga is in a prime position to capitalize since it already has 30 million monthly users playing its poker game for fun rather than money.
AsiaInfo-Linkage (NASDAQ:ASIA) shares skyrocket with a leap of 19.4 percent after the company announces it has received a going-private proposal from a subsidiary of CITIC Capital China Partners to purchase all ASIA outstanding common shares “at a price which represents a premium over the current stock price.”
New Yahoo (NASDAQ:YHOO) CEO Scott Thompson is getting ready to implement “across the board” layoffs, according to a source familiar with his plans. The source also says Thompson would rather increase margins than revenue. Based on 2011 estimates, Yahoo is generating an annual revenue of about $323,000 per employee, considerably less than the approximately $1.17 million per employee generated by Google (NASDAQ:GOOG).