Open first regional office in Dubai LinkedIn

First of its kind in North Africa and Middle East



US based Professional networking site, LinkedIn, has opened its first office in the Middle East right here in Dubai.
In a blog post, LinkedIn’s first regional employee Ali Matar revealed that UAE alone has more than one million LinkedIn members with “several million more across the region.” The website has about 175 million users worldwide.
The office, based in Dubai Internet City will cater to the MENA region, including the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Egypt, Libya, Syria, Lebanon, Jordan, Iraq, Pakistan, and Yemen.

A tablet designed for easy integration into corporate and government environments.


HP announces ElitePad Tablet for business


A tablet designed for easy integration into corporate and government environments.

At long last, HP have unveiled their much-rumored tablet, having previously briefly appeared in a few HP promotional videos. Dubbed the HP ElitePad 900, the tablet will be a business-focused tablet that can be customized to suit various business needs. The 10.1 inch tablet will run Windows 8, and features a 1080p front-facing camera, Corning® Gorilla® Glass 2, and enhanced security options for integrating seamlessly into a corporate environment. The ElitePad also features ‘Smart Jackets’, which add things such as USB ports, a keyboard, and extra battery life. Pricing is not yet announced, but it’s expected to ship in January 2013.

Press Release: PALO ALTO, Calif. — HP today introduced the HP ElitePad 900, a tablet that balances a beautiful design with enterprise-grade features, functionality and support.
Designed for business and government, it features HP ElitePad Smart Jackets, which add connectivity options and an additional ultra-slim battery for longer runtime, along with specific add-ons that customize the tablet for specialized uses.
The HP ElitePad is an ultrathin, lightweight tablet designed for Windows 8 that delivers features to keep IT managers happy and touts a design that employees will crave. It offers the full serviceability, enhanced security and manageability found in HP Elite PCs, and military-grade durability for drops, vibration, dust, temperature extremes and high altitude.
“Businesses used to face a tough purchase decision: How to find a product that will delight employees and help them be more productive, while also making sure IT can secure and manage it,” said Todd Bradley, executive vice president, Printing and Personal Systems, HP. “The HP ElitePad meets all those tests. It combines the great style and user experience consumers demand with the features IT requires.”
A tablet that is made for business
Ergonomically designed to fit comfortably in the hand, the HP ElitePad offers a 10.1-inch diagonal display, weighs just 1.5 pounds and measures 9.2 millimeters (mm) thin. The 16-by-10 aspect ratio maximizes the display area for ideal viewing of traditional business applications, as well as video content. Precision crafted, with an eye toward fit and finish, the HP ElitePad uses stylish, premium materials such as CNC-machined aluminum and Corning® Gorilla® Glass 2.
Powered by next-generation Intel® mobile processors, the HP ElitePad delivers PC productivity for those on the go and Intel x86 compatibility for existing business application support. It is designed for Windows 8 and supports touch-, pen- or voice-based input. The HP ElitePad also provides power efficiency and smartphone-style convenience with compatibility for familiar Windows applications, as well as easy integration into existing IT environments.
The unique, productivity-enhancing ecosystem of HP Smart Jackets and additional accessories designed specifically for the HP ElitePad expand the tablet’s potential, turning it into a total enterprise solution:
- HP ElitePad Productivity Jacket—includes an integrated keyboard, connectivity ports, SD card reader and adjustable viewing angles for a complete computing experience.
- HP ElitePad Expansion Jacket—adds USB, HDMI and other connectivity to get more done on the go. Adds even longer battery life when bundled with the optional HP ElitePad Jacket battery.
- The HP ElitePad Rugged Case—provides military-grade reliability and enhances the stylish profile of the ElitePad for added protection.
HP ElitePad Docking Station—delivers an enterprise-class desktop experience with an added keyboard and monitor and also charges the tablet. Or, use it to set the tablet up as a secondary screen for phenomenal multitasking.
HP Executive Tablet Pen—lets customers write messages and notes in their natural handwriting directly on screen and then save or convert to typed text for use in other applications.
Loaded with tools for mobile work or play
The HP ElitePad tablet’s 1080p front-facing video camera and 8 megapixel (MP) rear camera with an LED flash and included CyberLink YouCam software help users easily communicate face to face, create high-definition (HD) web videos or record training videos without high production costs.
Powered by technology from HP Labs, the company’s central research arm, new HP PageLift is an application that automatically trims, correctly lights and orients a captured image of a whiteboard, paper contract or other document so it is ready to use or share without requiring manual editing.
Users can easily print directly from their HP ElitePad to any ePrint-capable HP printer or to a networked HP printer without the need for downloading drivers. HP ePrint software allows users to print remotely at more than 24,000 public locations such as hotels and business service retailers. The HP ElitePad also helps small workgroups connect with HP Wireless Hotspot, a desktop application that allows users to share a wireless internet connection and network bandwidth.
Additional user-experience software includes the CyberLink Media suite, which enables users to manage and create audio and video content with the same easy-to-use interface as other HP business PCs. Plus, users can record and listen to audio with a stereo microphone and headset jack that feature the richness of SRS Audio.
Information management is made easy with Evernote, which captures, saves and synchronizes information across devices with impressively quick search capability, and Skitch software that eases collaboration with colleagues by quickly marking up images with captions or sketches.
Manageability, deployment and security for IT environments
The HP ElitePad offers a long life cycle, stable image and HP Global Series Support, all of which IT managers expect in an enterprise tablet. It also features a one-year standard warranty, with the option for a three-year warranty via HP Care Pack Services. The HP ElitePad is fully serviceable with an optional, industry-unique service tool for HP Self-Maintainers that allows customers to access the panel, battery, motherboard and unibody chassis, helping reduce downtime and keep sensitive data and devices in-house.
In addition, organizations will appreciate the enterprise-caliber data, device and identity protection from HP Client Security, including HP BIOS Protection, Security Manager and HP Drive Encryption. Additional security features include Device Access Manager, Computrace and Sparekey.
Device deployment and ongoing support and maintenance are made easy with x86 compatibility and support for HP Client Management solutions. The LANDesk Management Suite(1) also increases security and eases management by providing differentiated tools to locate and protect data on lost devices, remotely capture SIM card info for mass WWAN activation and enforce geographic policies to remotely lock, full wipe or selectively wipe data.
The HP ElitePad 900 is expected to be available in the United States in January 2013. Pricing information will be announced closer to availability.

Views:+1: Expected Price Gains for Internet Stocks (GOOG, YHOO, AOL, BIDU, DMD, LNKD, MWW, RATE, TST)

As the internet has developed over the past 15 years or so, a variety of business models have appeared — and some have disappeared. Revenue models are also different, running from advertising to subscription to content provider types. The dominant revenue model is advertising and the leaders there are Yahoo! Inc. (NASDAQ: YHOO) in display advertising and Google Inc. (NASDAQ: GOOG). AOL Inc. (NYSE: AOL) and China’s Baidu Inc. (NASDAQ: BIDU) are other major ad driven sites.

LinkedIn Corp. (NASDAQ: LNKD) and Monster World Wide Inc. (NYSE: MWW) depend on subscriptions for revenue, while Demand Media Inc. (NYSE: DMD), Bankrate, Inc. (NYSE: RATE) and TheStreet, Inc. (NASDAQ: TST) provide original content surrounded by advertising.In addition to these publicly traded stocks the internet space also includes social networking company Facebook, social game company Zynga, and coupon site Groupon. The latter two have filed for IPOs and both are expected to come public as soon as next month.All financial data from Yahoo! Finance, unless noted otherwise.

Google Inc. (NASDAQ: GOOG) has a median target price of $727.50 from 30 brokers. Shortly after noon today, shares are trading today at $587.87, for an implied gain of $139.63, or 24%. Google’s forward P/E is 13.45 and the company does not pay a dividend. The stock’s 52-week trading range is $473.02-642.96, and at today’s price that’s about 24% above its 52-week low, posted earlier this morning, and 9% below the 52-week high. Google reaps nearly $10 billion a quarter in advertising revenues. Only a relatively small portion of that is mobile advertising, but as Google’s best selling Android mobile operating system continues to spread, the mobile ad revenue could continue its triple-digit growth rate for some time to come.

Yahoo! Inc. (NASDAQ: YHOO) has a median target price of $18.00 from 23 brokers. Shortly after noon today, shares are trading today at $16.33, for an implied gain of $1.67, or 10%. Yahoo’s forward P/E is 18.55 and the company does not pay a dividend. The stock’s 52-week trading range is $11.09-$18.84, and at today’s price that’s about 47% above its 52-week low, posted earlier this morning, and 13% below the 52-week high. Yahoo recently fired its CEO and is currently exploring strategic options. Much of the company’s value resides in its nearly 40% share in China’s Alibaba e-commerce site. The stock price is relatively high on the belief that the company will find a buyer willing to pay a premium.

AOL Inc. (NYSE: AOL) has a median target price of $17.00 from 15 brokers. Shortly after noon today, shares are trading today at $14.38, for an implied gain of $2.62, or 18%. AOL’s forward P/E is 84.65 and the company does not pay a dividend. The stock’s 52-week trading range is $10.06-$27.65, and at today’s price that’s about 43% above its 52-week low, posted earlier this morning, and 48% below the 52-week high. AOL recently purchased the Huffington Post properties, which gave the company something of a boost. The high forward P/E speaks volumes about prospects for future earnings. AOL, like Yahoo, is probably over-priced.

Baidu Inc. (NASDAQ: BIDU) has a median target price of $191.00 from 26 brokers. Shortly after noon today, shares are trading today at $127.89, for an implied gain of $63.11, or 49%. Baidu’s forward P/E is 29.11 and the company does not pay a dividend. The stock’s 52-week trading range is $94.33-$165.96, and at today’s price that’s about 36% above its 52-week low, posted earlier this morning, and 23% below the 52-week high. Baidu’s great advantage is that it is the largest and fastest growing internet company in the world’s most populous country. Sheer numbers are on Baidu’s side for now and for several years to come. The forward P/E may indicate an overpriced stock, but its stock price is still nearly $35/share below its target price. There’s plenty of room for this one to run.

Demand Media Inc. (NYSE: DMD) has a median target price of $15.00 from 10 brokers. Shortly after noon today, shares are trading today at $6.47, for an implied gain of $8.53, or 132%. Demand Media’s forward P/E is 16.97 and the company does not pay a dividend. The stock’s 52-week trading range is $5.24-$27.38, and at today’s price that’s about 23% above its 52-week low, posted earlier this morning, and 76% below the 52-week high. Demand Media was hit hard by a change earlier this year to Google’s search algorithm and the company hasn’t recovered. The target price here is too high, and the company continues its arguable accounting practice of capitalizing content creation costs and amortizing them over five years. The effect of that practice is to spread costs over a long period, making the company look more profitable than it may be.



Views +1:Full 360-Degree Preview of Amazon.com Earnings (AMZN, BBY, AAPL, NFLX)

Amazon.com Inc. (NASDAQ: AMZN) is set to report earnings after the close of trading on Tuesday.  What makes Amazon so different from many peers in technology, internet and virtual companies is that it is only recently off of its highs and not really by that much.  Even after a 2.5% drop so far on Tuesday, the $231.50 area compares to a closing price yesterday of $237.61 and to a 52-week range of $156.77 to $246.71.

Here are the targets.  Amazon.com continues to be a thorn in the side of Best Buy Co. Inc. (NYSE: BBY) for consumer electronics.  The big question is whether or not it can take away iPad sales from Apple Inc. (NASDAQ: AAPL) with the new souped up Kindle models and whether or not it can suddenly challenge NetFlix, Inc. (NASDAQ: NFLX) now that Reed Hastings seems to be messing up on every turn.

Thomson Reuters has estimates for its third quarter of $0.24 EPS and $10.93 billion in sales.  For the current fourth quarter we are already in, those estimates are $0.86 EPS and $18.05 billion in revenues. Keep in mind that the fourth quarter is “the money quarter” as it includes Christmas and the holiday season sales and the estimates compare to the readings a year ago of $0.91 EPS and $12.95 billion in sales.

What is amazing is that Amazon.com still trades at more than 100-times expected 2011 earnings.  The company has rapidly been building its cloud efforts and building its infrastructure.  This has all come at the expense of margins, and trying to factor in the new Kindle sales will be no easy task. 

If you just use the weekly options, then it looks as though options traders are braced for a move of up to about $9.50 to $11 in either direction.  If we use the monthly expiration November options, then it seems that options traders are braced for a move of $14.00 or more in either direction.

You can take a look at the chart from stockcharts.com below if you want.  The stock is looking tired, but honestly we would have said the exact same thing a month ago right before we saw a false-breakdown of the chart.  We would point that the 50-day moving average was tested and held for the most part a month ago.  That 50-day moving average is now down at $219.28 and the 200-day moving average is $197.20.

The analyst community has a consensus price target just above $243.50.  At some point, Wall Street is going to demand higher margins.  When that is can be anyone’s guess.  We stopped trying to harp on it because no one seems to care.
JON C. OGG........

Views +1:Valuation, Timing & Margins Catch Up To Amazon.com (AMZN)

Amazon.com Inc. (NASDAQ: AMZN) has turned in earnings for its third quarter, and we will be paying extra attention to its fourth quarter.  The seller of everything online reported earnings of $0.14 EPS on sales of $10.88 billion, which compares to the Thomson Reuters targets of $0.24 EPS and $10.93 billion in sales.  Operating income was $79 million.

Amazon also guided the fourth quarter to come in at %16.45 to $18.65 billion in sales and it put the range for operating earnings at -$200 million to a profit of $250 million.  The Thomson Reuters estimates are $0.86 EPS and $18.05 billion in revenues.  As noted in the preview, the fourth quarter is Amazon’s “money quarter” as it includes Christmas and the holiday season sales.

We have been concerned each quarter about Amazon’s margins and its operating margins came in at 0.7%.  North American sales are currently about 20% larger than its international sales.  Even before the guidance, Amazon traded at more than 100-times expected 2011 earnings.   The big outlier was the new Kindle sales. 
The news may finally be catching up to Jeff Bezos and friends today.  Shares closed down 4.4% at $227.15 versus a recent all-time high of $246.71, but shares are down sharply and just under $194.00 as of about 4:17 PM EST.

We will hold off before tallying up all of the post-conference call judgment.  Bezos has had similar quarters before where the reception went from bad to good.  We do not believe that can happen forever and we believe that at some point investors will start to demand better margins and higher profits.  It is not exactly as if Amazon is an emerging online retailer....

Views +1:FedEx Adds to Seasonal Hiring Boost (FDX, BBY, JCP) Read more: FedEx Adds to Seasonal Hiring Boost (FDX, BBY, JCP)


FedEx Corp. (NYSE: FDX) expects to handle more than 260 million packages during the coming holiday season. That’s a 12% increase from a year ago, and to cope with the flood the company plans to hire 20,000 temporary workers. That’s more than we noted from either Best Buy Co. Inc. (NYSE: BBY) or J.C. Penney Co. (NYSE: JCP) in our recent look at the retailers expected to do the most seasonal hiring this year.

That’s good news for employment, but not altogether a boost for FedEx. The company noted that most of the volume increase this year is coming from its low-profit SmartPost residential service where the US Post Office completes the package delivery. The SmartPost service includes mostly light-weight, unspecified delivery date packages from on-line sales that do not generate a lot of revenue for FedEx.

The company still expects retail sales to rise 2.5%-3% this holiday season. However, if FedEx is right about where its revenues are coming from, local retailers could be be in for a tough holiday shopping season. Large retail chains, though, could get a somewhat bigger boost from an increase in on-line sales................

Views +1:NetFlix Shares Down 24% On Earnings


Wall St. slashed shares of NetFlix (NASDAQ: NFLX) has it missed all projections for revenue, earnings, and subscribers. The firm’s price decisions, which have alienated customers, may have permanently hurt the company. The poor judgement which included raising subscriber rates sharply,  comes as powerful competition from Amazon.com (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Hulu, and YouTube enter the market.

Third quarter earnings were up 63% to $1.16, which would have been an impressive improvement for any other company.

Netflix reported 21.45 million streaming subscriptions at the end of the third quarter and 13.9 million DVD subscribers. The company said total U.S. subscriber base by the end of its third quarter was 23.79 million—below expectations of roughly 24 million. Netflix lost 810,000 subscribers between the second and third quarters.

Netflix said it would miss Q4 forecasts as well.............