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Wednesday 4 July 2012

4 July 2012: Microsoft writes off $6.2 billion and South Korea gender equality


Microsoft writes off $6.2 billion: Blamed on performance of online services division. Paid $6.3 billion to acquire digital advertising agency aQuantive in 2007, growth and profitability lower than expected. Failed to gain foothold in smartphone market, CEO Balmer announced Slate computers two years ago that never materialised two months before Apple iPad was released, Online search and advertising investments not paid off.  Xbox and Kinect are bright spots. [CR: $6.3 billion for a digital agency? Sounds like a bargain.] (Brian Corrigan)

Dell to purchase Quest Software for $2.4 billion. Quest was founded in 1987, has $US857 million in annual sales, sells software t manage databases, protect information, and simplify access to data.  Looking to be an end to end solutions company across SME and enterprise. Dell’s profit fell 33% to $US635 million, mobile and desktop computer sales down 6%. [CR: Perhaps Dell will fare better?] (Evelyn Rusli)

South Korea gender diversity: South Korea is Asia’s fourth largest economy, only 50% of women 15 years or older were working last year. Female participation with higher education is lowest of the 34 members of the Organisation for Co-operation and Economic Development. Royal Bank of Scotland: South Korea working age population to contract by 2016, curbing growth by 1.7 percentage points to 2.5% by 2050. Women in OECD countries earn on average 16% less than men, women earn 39% less than men in South Korea. 1.9South Korean boardrooms made up of 1.9% women. (Eunkyung Seo)

US Information Security Oversight Office said government spent more than $US11 billion to protect secrets last year, double the cost a year ago. [CR: I wonder if they have twice as many secrets, or how additional channels such as social media or WikiLeaks impact the costs?]

Thousands of anti-pollution protestors in China halted the construction of a copper plant, lobbed bricks at government offices and were dispersed by police with tear gas. [CR: Reference previous story on China air pollution.]

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