Saturday, 30 November 2013

BlackBerry joins hands with Micromax, Spice, Zen, Celkon for pre-installing BBM

BlackBerry announced that it has partnered with a lot of mobile manufacturers across the globe to pre-install its BBM application on phones manufactured by them and the list includes a few of the Indian companies. Micromax had already launched an ad campaign to proclaim that BBM would come pre-loaded on the devices from this conglomerate.

"BBM will soon come preinstalled on a variety of Android-based smartphones from leading OEMs across Africa, India, Indonesia, Latin America and the Middle East," BlackBerry said in a statement.

Beginning next month, Android smartphones from Be, Brightstar, Celkon, EVERCOSS, IMO, Micromax, Mito, Snexian, Spice, TECNO, TiPhone and Zen will include BBM preinstalled, it added.

BBM will continue to be available as a free download from Android app stores, including Google Play.

Also, to improve the chatting experience, BlackBerry had updated BBM within a month of its release and it even managed to get an overwhelming response from customers. Subscribers can expect support for BBM Channels and BBM Voice and Video calling as well.

Friday, 29 November 2013

What is CBU and CKD?

Most of the automobile publications frequently use the words like CBU and CKD which may sound quite confusing to many. These terms are more commonly used in terms of the Imported automobile cars and bikes.

CBU – Completely Built Unit

Completely built unit is the terminology when a car/bike/automobile is imported/exported to/from some other country as a complete car fully assembled. These automobiles do not require an assembly before they can be sold out to the buyers in the target country’s markets. Most of the imported cars and bikes in India come as a CBU.

CKD – Completely Knocked Down

Completely knocked down car / bike /automobile is one which is imported or exported in parts and not as one assembled unit. Such units are first sent to an assembly plant in the target country where all these parts are assembled and one complete car / bike / vehicle is made using the imported components. These kinds of units generate employment in the target country as more machinery and manpower investment is needed to assemble the components to make the vehicle.


CBU and CKD do not differ much in terms of technological sense except for the fact that CBU cars / bikes / vehicles are assembled in the same country where they originate and then exported to the target country. CKD cars / bikes / vehicles are assembled in the target country where all the parts of the vehicles are assembled and then sold to the end customers.

When talking from Indian perspective, CBU and CKD have a sharp difference in the import duties. At present, the import duties on a CBU vehicle coming to India from abroad is liable for an import duty of nearly 110% while the CKD attracts 60% duty. This sharp difference is strategically kept like this because CBU does not create as much of revenues and employment for the target country (India in this case). A CKD when assembled in the target country requires technology, infrastructure and manpower investment which generates business and employment opportunities in the target country, which is why it is motivated.

WickedLeak Wammy Titan 3

Wickedleak has officially announced the Wammy Titan 3 phablet for Rs.16,990. The phablet is already up for pre-orders on the company's official website, which says that the delivery is expected to begin from December 2013.

The Wammy Titan 3 is an Android 4.2.1 Jelly Bean-powered phablet with dual-SIM slots and support for GSM+GSM. It sports a 5.7 inch full-HD (1080X1920) IPS LCD display with a pixel density of 390ppi.

Under the hood, it boasts of a quad-core MediaTek 6589 Turbo processor clocked at 1.5Ghz, bundled with a PowerVR SGX544MP GPU and 1GB of RAM. The Wammy Titan 3 sports a 13MP rear shooter with a BSI sensor, along with a 5-megapixel front shooter. It comes with 16GB of in-built memory, which is further expandable up to 64GB via microSD card.

Connectivity options on the Wickedleak Wammy Titan 3 include Bluetooth, Wi-Fi, Micro-USB and 3G. The Wammy Titan 3 comes with dimensions 157x81.5x7.9mm and packs a 3200mAh battery. The phablet includes a host of sensors, namely a gravity sensor, proximity sensor, light sensor, magnetic sensor, gyroscope, and magnetic sensor. The Wammy Titan 3 will be available in two colour variants - Black and White.

Commenting on the announcement, Aditya Mehta, Managing Director, Wickedleak said, "With the launch of our biggest screen offering so far (Wammy Titan 3) in this segment, Wickedleak continues offering consumers a great user experience with latest features and added functionality. Further to this we are excited with the success of Wammy Passion Z+ which has clearly established Wickedleak as a key player in the new 5-inch phablet category in India. We are looking forward to similar success with the new phone being unveiled today."

Wammy Titan 3 key specifications

  • 5.7-inch full-HD (1080x1920) IPS LCD display
  • 1.5GHz quad-core MediaTek 6589 Turbo processor
  • 1GB of RAM
  • 16GB inbuilt storage, expandable up to 64GB via microSD card
  • 13-megapixel rear camera with LED flash, BSI sensor
  • 5-megapixel front camera
  • Dual-SIM
  • Bluetooth, Wi-Fi, micro-USB and 3G
  • Android 4.2 Jelly Bean
  • 3200mAh battery

Wednesday, 20 November 2013

Instagram Is Finally On Windows Phone!

Instagram officially lands on Windows Phone devices later today along with another popular app already on Android and iPhone called Waze. (Waze is a mapping application that's now owned by Google). It'll be available in the Windows Phone app store later this afternoon.

The Instagram app available through the Windows Phone Marketplace claims to be a beta of the app so it is likely that the Facebook-owned photo-sharing platform will issue updates to the app soon.

"While our global market share is around 4%, it's still the fastest growing," said Todd Brix, the general manager of the Windows app store.

Nokia, the biggest maker of Windows Phones, continues to report increasing shipments of its Windows Phones quarter over quarter. Microsoft's next challenge isn't necessarily to get the current library of hot apps on Windows Phone, it's to make sure developers think of making stuff for Windows Phone.

Dropbox looks to raise $250 million at $8 billion valuation

Fast-growing file-sharing and storage startup Dropbox Inc is trying to raise $250 million in additional funding in coming weeks, which would value the six-year-old company at more than $8 billion, Bloomberg Businessweek reported on Monday.

The company may become the latest hot Silicon Valley startup to take advantage of flush investors and stratospheric valuations for fledgling tech companies. Loss-making Twitter Inc is now valued north of $20 billion after its debut; Pinterest, which only recently began to clarify its business model, last month won a round of financing that valued the nascent website at $3.8 billion.

But Dropbox has a problem: Some very big competitors want its business. And they are willing to offer absolutely anyone even more free cloud storage space than Dropbox to lure them away. For example, while Dropbox only offers 2 gigabytes of free storage, which isn’t enough to store a single downloaded movie, much less the photo library of a life-logging phone photographer, Google offers users 15 gigabytes of free storage, or 100 gigabytes to those who buy a Chromebook.

Dropbox, started in 2007 by a couple of MIT students, made its name as the simplest way for regular consumers to synchronize all their files between a desktop and a laptop. Every file in the Dropbox folder simply appeared on both machines. But over the past few years, Dropbox has also become a preferred way to handle moving files on and off phones and tablets, where syncing was an even more unpleasant and unreliable chore. 

Last year Dropbox cleverly added a feature to its mobile apps to automatically upload every photo taken on a user’s smartphone to Dropbox servers for syncing and safekeeping (with the user’s permission). Users could win additional free space for photos by convincing friends to sign up. By making uploading and syncing automatic – and invisible to the user – Dropbox helped fill its servers faster, and convinced more users to pay for additional space.

Valuing Dropbox at $8 billion seems completely reasonable in light of other recent Internet IPOs. Twitter had revenue of $317 million – and no profits in sight -- the year before it went public at a value of over $18 billion. And its active user base of 185 million at the end of 2012 was smaller than Dropbox’s is now.

The cloud storage market, like all cloud computing sectors, should continue to grow for the foreseeable future. But until one of these companies goes public, it won’t be clear how much the market is actually worth, as private company valuations are very different from the stock market.

Monday, 18 November 2013

Google India Ad is beautiful, strikes emotional chord!

The ad has gone viral in just over two days when it was posted onto Google India’s YouTube channel and has crossed some 4 million views on YouTube.

Through this ad, Google India advertises the power of its search functionality and also manages to strike an emotional chord with its viewers not only in India but also in Pakistan. The ad encapsulates the power of Google search and how it can bring people closer as well as find anything and everything at the click of a button.

The three-and-a-half-minute ‘Reunion’ ad is about friendship, fond childhood memories, separation and reconnecting to a tender past. In the ad, available on YouTube with English sub-titles, an Indian Punjabi is shown telling his granddaughter Suman about his fond childhood memories in Lahore, Pakistan.

In case you have not seen this beautiful ad, here is the video link to it. This heart warming ad is sure to overwhelm you.

Sunday, 17 November 2013

Sony PlayStation 4

The PlayStation 4, which replaces the seven-year-old PlayStation 3, couldn’t be more Sony in its overall design. It’s sleek in a very conservative way, modern but cold, and completely obsessed with its high-tech abilities but awkward in the way it presents it all. If the Xbox One is the kid who likes to command attention to brag how cool he is, the PS4 is the smart one who is uncomfortable in the spotlight. It comes across in the marketing, and the final product.

One of the biggest problems with the PS3 has always been its unnecessarily confusing user interface — an overly complicated and unattractive series of screens that felt almost off-putting. That is often the case of the interfaces found on most electronics hardware for any company — software designed by tech geeks and not prettied up by designers with a creative eye.

But the PS4 packages things in a far more friendlier way, relying on tiles (a very Microsoft way of doing things) to show off games and entertainment apps like Netflix, Hulu Plus and Walmart’s Vudu. PlayStation’s obsession with its icy blue color palette will always make it feel cold, but its new software helps it warm up its appeal.

The Console Hardware

From a physical, aesthetic standpoint, the PlayStation 4 is a masterpiece. With its bold, surprisingly attractive parallelogram design and sleek, smooth exterior, the console is undeniably striking to look at, perhaps more so than any other home console in video game history. Stood upright or laid on its side, the system simply looks great, and while I would not necessarily describe the PS4’s size as ‘small,’ it takes up much less space than most newly-launched gaming consoles, and its sleek design is such that, when placed inside an entertainment center, the PS4 seems to all but disappear. A hardware design that is both attractive and invisible – that is a neat hat trick, and the system’s low-profile is aided by the fact that the PS4’s power supply is housed inside the console itself, meaning all users will need to get the system up and running is the AC Cord and an HDMI cable (and an Ethernet cord, if you prefer not to use Wi-Fi).

All that being said, from a hardware standpoint, the PS4 is not perfect. It performs beautifully, and we will talk about that in a later section, but in terms of interacting with the box on a physical level, there are some annoyances. First and foremost is the “Power” and “Disc Eject” buttons, which are not actually buttons at all, but extremely slim little touch panels, akin to the Xbox 360 slim redesign. But where the 360’s touch panels were way too responsive – barely brushing the power or eject button would activate the controls, often at inopportune moments – the PS4 has gone much too far in the opposite direction. Users must hold their finger on the touch panel for at least a few seconds before the system responds, and the length of time seems extremely inconsistent; ejecting the disc occasionally takes only a brief moment, but can sometimes require a few presses, while the length of time required to turn off the console (or, more accurately, put it to sleep) always feels uncomfortably long. The problem is compounded by the small size of the panels, and the even tinier size of the images that indicate what they do. After figuring out which button is which, I doubt most users will subsequently forget, but there is such a thing as too low-profile, and the ‘power’ and ‘eject’ buttons definitely fall into that category. Overall, I would much prefer physical buttons for the PS4; it is something I am sure I will get used to, but for now, it feels wonky and unpolished.

The slot-loading Blu-Ray drive suffers from a similar lack of profile. It works perfectly once you find exactly where the disc needs to go in, but doing so can be a bit of a guessing game unless one’s eyes are on a precisely even level with the drive itself, thanks to the PS4’s all-black design. I cannot say for sure what the solution might be – a glowing light on the drive itself, a small bit of color around the drive, etc. – but something to distinguish the boundaries of the drive would be appreciated; it is particularly bothersome in vertical orientation, where users must also account for the parallelogram shape to make sure the disc smoothly enters the console.

The Controller

Sony's basic controller layout hasn't changed in 16 years. Like all three DualShock models before it, there's a pair of symmetrical analog sticks in the center, four face buttons on the right, a directional pad on the left, and four triggers around back. There are a number of fancy new features here, like the colorful light bar up front, and a clickable touchpad up top. The most incredible thing Sony has done with the DualShock 4, however, is that the company has made perhaps the most comfortable gamepad.

Where previous Sony controllers were designed to be held with fingertips, the DualShock 4's elongated, enlarged grips fit the entire length of my palms. Covered with a matte texture that manages to be grippy without feeling sticky or rough, the controller just melts into my hands without a second thought. Not only are the dual analog sticks, D-pad and face buttons perfectly spaced for your thumbs, they also feel significantly higher-quality than before. Perhaps most importantly, the DualShock 4 is finally a competent controller for first-person games thanks to raised edges on the analog sticks and incredibly comfy triggers that no longer feel like an afterthought. The controller's motion sensor has also been much improved.

Sharing and Streaming

The PlayStation Network, fortunately, is a much smoother experience than the PlayStation 3. Now it's easy to log in with your email and password just once to bring in your PlayStation Network account. During your setup, you can log into Facebook as well, where you can associate your real name and Facebook photo with your PSN ID or opt out. You can then request the real names of people you play with, which will display on your friends list forever.

Facebook doesn't have an app for the PlayStation 4, instead just opting to wrap its features into PlayStation 4 technology. Pressing the Share button instantly brings up three options: share an edited video, share a screenshot or begin broadcasting live.

Unfortunately, videos can only be shared to Facebook for now, but the social network handles sharing well. The PS4's Game DVR captures your previous 15 minutes of play in a clip, and you can quickly parse that and trim it down to one section. Currently, there's no support for splicing or rearranging footage. The video goes up to Facebook fairly quickly, and while the quality degrades a bit, your friends will get the idea. Want to see it in action? I posted a playthrough of a level of Sound Shapes.

The screenshot functions by simply grabbing the still of the last frame before hitting Share. It also can use voice commands from the PlayStation camera. The screenshots can be shared via Facebook or Twitter after entering your PlayStation credentials. Again, the screenshots are compressed and better designed for viewing on a social network.


Sandwiched between the PS4's sloping front face, is a recessed area that contains both the slot-loading Blu-ray disc drive (6X for BD; 8X for DVD) and two USB 3.0 ports, which can also be used for connecting and charging the DualShock 4 and other devices. That recessed groove continues around the perimeter of the console and is mostly used as a clever way to disguise vents. Even the majority of the PS4's back end is taken up by vents, with only a section on the upper-left half dedicated to ports for HDMI out, digital out, Ethernet and the PlayStation Camera's auxiliary cable. Sony's relegated the bulk of the charging block to the inside of the console, so you won't have to deal with a bulky power brick cluttering your floor. In terms of connectivity, the PS4 supports 802.11b/g/n, as well as Bluetooth 2.1.

Fearing a repeat of the esoteric Cell system architecture that scared off many third-party developers for much of the PS3's life, Sony opted to imbue the PS4 with an octa-core, x86 AMD "Jaguar" CPU and Radeon GPU capable of 1.84 teraflops of compute power. That arrangement alone makes the console more immediately accessible to developers, as these components are very similar to what you'll find inside high-end PCs. But Sony didn't stop there. The console also leaps past its predecessor and Microsoft's Xbox One with 8GB of high-speed GDDR5 RAM -- a costly memory solution that should help future-proof the PS4 well into the console's life cycle. To hear Cerny tell it, that combination of GDDR5 RAM and x86 architecture makes the PS4 a breeze to develop for and should ensure robust third-party support from the outset of the console's launch. All told, Sony claims the PS4 is capable of "10 times the processing power of the PS3." Take that as you will.


Music Unlimited is, unbelievably, the only option for playing music on the PlayStation 4. You can't set up a media server, or play MP3s or audio CDs. There's a free 30-day trial to the subscription service as part of buying a PS4, but it's a cumbersome hassle if you're not already a member. And why can't we play our own music on this super-powerful PC-esque game console? Sony says more options are coming, but at launch this is your only option.

Music Unlimited takes a shockingly long time to load, and navigation within the app is similarly sluggish. When you've finally located music you'd like to listen to, you can thankfully push the Home button and keep listening to it on a system level. Jump into a game and turn off the game's music track -- voila! It's pretty slick, but that same feature existed in a smarter form on the Xbox 360. And on the 360, we could load our own music onto the box.

Hulu Plus and Netflix load a bit quicker than Music Unlimited, but are still amazingly slow to boot considering how comparatively light the workload is for streaming apps versus next-gen games. Navigation is identical to the PlayStation 3 apps, with a variety of suggested categories sitting below a large active marquee.

Unsurprisingly, the PS4's web client isn't much better than on other game consoles. Navigating a mouse and keyboard-based world without a mouse and keyboard remains a major challenge, even with the addition of a tilt-based keyboard cursor relying on your movement with the DualShock 4. Simply put, you tilt and swivel the DualShock 4, and an on-screen cursor moves in turn over a virtual keyboard. It's a big step forward in virtual-keyboard entry, but still doesn't solve the "web browser with a gamepad" problem.


So now we come to the ultimate question: Should you, the consumer, be interested in buying a PlayStation 4 (assuming, of course, that you can find one in the months to come)?

As you might expect, it depends. It depends on what kind of gamer you are, and it depends on what you want and expect out of a gaming console. Casual gamers and those who primarily use their home consoles as multimedia hubs need not bother with the PS4 at present. The current-gen hardware likely does everything you want and need it to do, and support for those systems isn’t going anywhere in the immediate future. This is something even hardcore gamers should think about, because if you aren’t necessarily interested in any of the games the PS4 has within its launch window, it’s not like your current systems are going anywhere. The PS4 may signal a new era for gaming, but the current era isn’t over, and it isn’t necessarily obsolete just because new hardware has arrived.

Here’s the bottom line, to my mind: If you are someone who plays games frequently, who enjoys video games as one of their primary modes of entertainment and artistic consumption, and have any inkling of wanting a PlayStation 4, you should do your best to get one. This system was made for you. As I said in the beginning, the PS4 marks the ultimate evolution, as of now, of the basic promise of console gaming: power and usability, depth and fluidity, all rolled into one beautiful, intuitive, robust package. The PS4 makes gaming easier, it makes gaming more accessible, and it makes gaming more fun, because focus no longer has to be split with wrangling the user interface or expending extra energy on downloads, installs, and the like. And with a set of truly impressive, remarkably enjoyable features – sharing and Remote Play chief among them – the PS4 continues to innovate even as it perfects. The PS4 is so impressive in so many ways that what should theoretically be its biggest leap forward – the graphics, which are, indeed, unparalleled – seems in some way an afterthought after several days of use.

The system is not perfect – there are problems, both big and small, and I want to stress that until I know more about the noisy fan issue referenced earlier, any recommendation I give is qualified. This is not in the same league as the Red Ring of Death, but it is an unexplained flaw, not experienced by every user, that detracts from the gaming experience. Hopefully it can be resolved. If not, it’s not necessarily a dealbreaker, but it is a significant drawback.

But in the end, my overall feelings are positive, and glowingly so. The PlayStation 4 is the home gaming console I have always wanted, and one I suspect will only get better in the future. We are coming off the best and most creatively rich generation in video game history – whether the next one can match it has yet to be seen, but the PlayStation 4 is one hell of a start.

Retailers launch exchange, buyback offers for iPhone 5C and iPhone 4S

It seems India is not so keen on buying the new iPhone 5C. It's been about two weeks since the new Apple iPhones went on sale in India and we are already learning about the exchange or buyback schemes for the iPhone 5C. The offer is on selected smartphones on whose exchange you can get minimum Rs.13,000 off on the price of iPhone 5c and iPhone 4S . (similar exchange offer for iPhone 5/iPhone 4S/iPhone 4 was quite popular and iPhone sales sky-rocketed with it and we think this new offer will do better due to its high exchange price).

This exchange offer is not available for the new iPhone 5s , the reason being simple , iPhone 5s is Apple’s flagship smartphone and is selling at a good pace irrespective of its high price and similar design to iPhone 5 (Fingerprint scanner one of the major reason) . Whereas the iPhone 5c , initially dubbed as an affordable price version of iPhone , is not selling like an Apple iPhone generally do . This is because Apple has kept this new color panel plastic smartphone’s price not so affordable. 

Here is a list of devices that are eligible for the scheme: BlackBerry Z10, BlackBerry Q10, HTC One dual-SIM, HTC One mini, HTC Desire 500, HTC Desire 600, Nokia Lumia 925,Samsung Galaxy S4, Samsung Galaxy S III, Samsung Galaxy Note 2, Samsung Galaxy S4 Mini,Samsung Galaxy Mega 5.8, Samsung Galaxy Mega 6.3, Sony Xperia Z1, Sony Xperia Z, Sony Xperia Z Ultra, Sony Xperia ZR, Sony Xperia C. The list also includes the Apple iPhone 4 8GB and 16GB models.

However, Business Today confirmed that the deal doesn't come as an official one from Apple but from the retailers on their own initiative. Even the distributor reportedly said that Apple has not yet introduced any such scheme.

Friday, 15 November 2013

Flipkart opens up part of its technology code to deliver innovation

Online retailer Flipkart is inviting software coders to build new applications on its technology platforms in a move the company says is designed to create a wave of innovation that may benefit the larger ecommerce industry.

India's largest online retailer is following in the footsteps of Google and Facebook which release significant technology products into the open source world.

Earlier this year, Flipkart opened its payment gateway PayZippy for use by businesses.

Founded by computer science engineers from IIT-Delhi, Sachin Bansal and Binny Bansal, Flipkart has so far been just a consumer of open source technology, where the source code of a software is made available freely to build new applications.

"The next entrepreneur will not have to build a product from scratch and if he builds something innovative and useful, Flipkart might end up consuming it," said Amod Malviya, Flipkart's head of engineering.

One of the first products made available to open source coders is Phantom, released about three months ago on Github, an online project hosting community.

Phantom can automatically queue requests to various servers, create timeouts and in case a particular service is down, it routes the request to a fallback.

"It helps isolate any problem, so the larger population of users is not affected," said Regunath Balasubramanian, principal architect at Flipkart, who previously worked on the government's Unique Identification project Aadhaar.

Globally, open source has proven to be more than just altruism; it makes business sense as well.

Android, the open source operating system released by Google, was used in 80 per cent of all smartphones shipped in the third quarter this year, according to data released this week by International Data Corporation.

The global market for Hadoop, an open source software framework for storage and large data sets, was worth $1.5 billion in 2012 and is estimated to grow to over $20 billion in 2018, according to Transparency Market Research. "Worldwide, open source is completely driven by the private sector," said Kiran Jonnalagadda, founder of Hasgeek, an online community for geeks.

Sharad Sharma, who cofounded technology thinktank iSpirt, is of the view that releasing non-strategic technology makes sense for Flipkart as the open source community will be involved in maintaining products. "Otherwise technology teams will grow unmanageable if they have to create and maintain all the technology they consume," he said.

Flipkart has already built its mobile application programming interface atop Phantom and is also building a platform for sellers.

Last month, the company released HostDB, a tool to help manage data centre inventory, on Github. These moves are already creating a ripple effect. Bangalore-based Scrollback, incubated at Singapore-based seed accelerator Joyful Frog Digital Incubator, released its entire application on open source in April. Founded by IIT-Kharagpur alumni Aravind Ravi Sulekha and Gaurav Srivastava, Scrollback is a micro-forum for communities that can be embedded on any website.

Thursday, 14 November 2013

Snapchat rejects $3bn Facebook buyout!

Evan Spiegel, Snapchat’s 23-year-old co-founder and chief executive, is reportedly waiting until early next year before considering any offers. Photograph: Jae C Hong/AP
Snapchat, the fast-growing messaging system, has reportedly rejected a $3bn buyout offer from Facebook.

The Wall Street Journal, citing sources close to the negotiations, said the all-cash offer came as other investors were valuing the loss making two-year-old company at over $4bn. At $3bn Snapchat would be the most expensive acquisition Facebook has ever made.

The company is believed to have over 5 million active daily users and, according to Pew research, has been downloaded by 9% of US mobile users. The service allows people to send messages and photos with an expiration date so that they are deleted from the recipient’s mobile device shortly after they are received. In September Snapchat said it was handling over 350m messages a day.

According to the Journal, Evan Spiegel, Snapchat’s 23-year-old co-founder and chief executive, is waiting until early next year before considering any offers in the hope that Snapchat’s numbers will grow enough to justify an even larger valuation.

The company’s valuation has been growing as fast as its user base. In June Snapchat raised $60m from investors that valued the company at $800m. Facebook reportedly offered $1bn for Snapchat earlier this year. Last month top tech blog All Things D reported that the company was in negotiations with China’s Tencent over an investment that would value the firm at over $3.6bn.

That news followed an announcement last month from Pinterest, the social scrapbooking company, that it had raised $225m in new funds at a price that valued the firm at $3.8bn.

Snapbook’s valuation, and those of its social media peers, will likely have soared after Twitter’s initial public offering this month, which has valued the loss making short message system at over $23bn.

The spectacular growth in the company’s valuation echoes that of Groupon, the online discount company that rejected a $6bn offer from Google before filing for an IPO. In late 2011 when the company started trading it was valued at over $16bn but soon crashed to as low as $3.7bn. It has since recovered and is now worth $6.8bn.

Source :

Wednesday, 13 November 2013

Apple iPad Air and iPad mini with retina display launch date and price in India

Apple is reportedly set to launch its new iPads – the iPad Air and iPad mini with Retina Display – in India on November 29, NDTV claims. Apple announced the new iPads last month and started selling the iPad Air in the US and other countries on November 1 and the new iPad mini with Retina Display from yesterday. If the launch date is true, Apple would continue the usual four week difference between the US and India iPad launches.

Apple iPad Air price in India

WiFi only models

  • 16GB – Rs.35,900
  • 32GB – Rs.42,900
  • 64GB – Rs.49,900
  • 128GB – Rs.56,900

WiFi + Cellular models

  • 16GB – Rs. 44,900
  • 32GB – Rs.51,900
  • 64GB – Rs.58,900
  • 128GB – Rs.65,900

Apple iPad mini with Retina display price in India

WiFi only models

  • 16GB – Rs.28,900
  • 32GB – Rs.35,900
  • 64GB – Rs.42,900
  • 128GB – Rs.49,900

WiFi + Cellular models

  • 16GB – Rs.37,900
  • 32GB – Rs.44,900
  • 64GB – Rs.51,900
  • 128GB – Rs.58,900

The report also suggests that the first-gen iPad mini 16GB Wi-Fi will continue to retail for Rs 21,900 while the 3G version would get a price bump from Rs 29,900 to Rs 30,900. The iPad 2 16GB will continue to sell for Rs 28,900 and Rs 37,900 for the Wi-Fi and Cellular variants respectively.

Tuesday, 12 November 2013

Mercedes-Benz E63 AMG

credit :
The Audi S6 was launched in India a few weeks back and now Mercedes Benz has responded with the E63 AMG sportscar.  The E63 AMG is a high performance car that comes in a sedan styling, and is priced at 1.29 crore rupees, ex-showroom Delhi. The car mixes luxury and performance as it is a typical Mercedes Benz. On the interiors, Mercedes Benz’s AMG tuning division has given it the Carbon package. So, you get AMG badges, sporty steering, center console, instrument console and seats.

Under the bonnet of this rather subtle-looking, yet extremely powerful four-door sedan is an AMG-tuned, 5,461cc V8 bi-turbo petrol engine. And all of that means it can churn out a whopping 550bhp of power and an earth-shattering 720Nm of spin. Yes, 720Nm of it. The two blowers fitted to this engine help develop this massive torque figure right from 1,750rpm going up to 5,250 revs, leaving no hint of lag whatsoever through the rev range.

All of that firepower is channelled to the rear wheels through an AMG Speedshift dual-clutch seven-speed transmission. You get four modes to choose how fast you want the transmission to react and shift through the ratios. You have the Comfort mode for relaxed city driving and then you have the Sport mode when you’re in the mood for some fun. And if you want even quicker shifts, you have the Sport+ mode. For no intervention from the computers, you also have the Manual mode. And when we say ‘no intervention’, it’s really a ‘no intervention’ mode. It won’t shift up even when the engine hits the redline, unlike most other manual modes. Although there’s little to complain about this transmission, it’s still not as quick as the Audi’s S-Tronic seven-speeder.

Credit :
Safety-wise, Maercedes-Benz has equipped the sedan with eight airbags –adaptive dual stage airbags and side impact air bags for driver and front passenger and window airbags.

Speaking at the event, Mercedes-Benz India Managing Director and CEO Eberhard Kern told reporters,"The E 63 AMG combines the attributes of a sports car with the practicality of a luxury sedan. The connoisseurs of Mercedes-Benz AMG vehicles will now experience the performance and driving dynamics of an AMG with broader scope of standard equipment."

The E63 AMG sees straight into the eyes of the BMW M5 and the Audi S6. With the output of 550bhp, it’s almost as powerful as the M5. But despite that, this Merc is far too expensive compared to the other performance sedans. While the S6 is pegged at Rs 86 lakh and the M5 at Rs 96 lakh, Merc demands a full Rs 1.29 crore (all prices ex-showroom, Delhi) for this tyre-molesting, eccentric version of the E-Class.

But even with this massive price tag, the E63 AMG promises to cause a riot on the racetrack and has all the features that you would need from your everyday four-door sedan.

Pictures Courtesy - (Click to enlarge)




Monday, 11 November 2013

Kindle Fire HDX tablet

The all-new Kindle Fire HDX tablets are sleeker, lighter and come with upgraded hardware specifications. The Kindle Fire HDX 7 tablet comes with 7-inch display with 1920x1200 pixels resolution and 323ppi pixel density, while the 8.9-inch model features an 8.9-inch display with 2560x1600 pixels resolution and pixel density of 339ppi. The Kindle Fire HDX 7 only sports a front-facing HD camera (unspecified megapixel count), whereas the bigger sibling comes with front-facing HD camera and an 8-megapixel rear camera. Both new tablets are powered by a 2.2GHz quad-core Snapdragon 800 processor alongside 2GB of RAM, and run the new Fire OS 3.0 based on Android Jelly Bean.

A 1.3MP camera will full HD video recording capabilities ensures that video chatting on this device is a breeze. Internal storage is decent at 16GB. Connectivity options include Wi-Fi, Bluetooth, GPS and microUSB connectivity.

Credit : Slashgear modifies Android so much that it no longer resembles Android. The company calls it Fire OS 3.0, or Mojito. Amazon's services are front and center on the Fire, and Google's are nowhere to be found. It's the other way around on the Nexus 7 and other Android devices. For a day or two, I even forgot the Kindle Fire can do much more.

Regular customers of Amazon will appreciate that integration. A row of tabs at the top of the screen offers quick access to various Amazon services, including e-books, music, videos and audiobooks, the latter from the Audible business that Amazon bought in 2008. Another tab gets you Amazon's shopping site, where you can buy television sets, vacuum cleaners and tennis rackets. The Kindle is already tied to your Amazon account, so it's easy - perhaps too easy - to just click and buy.

Kindle Fire HDX 7 tablet key specifications

  • 7-inch display with 1920x1200 pixels resolution
  • 323ppi pixel density
  • HD front-facing camera
  • 2.2 GHz Snapdragon 800 quad-core processor
  • 2GB of RAM
  • Fire OS 3.0 based on Android Jelly Bean
  • 16GB/32GB/64GB storage variants

Kindle Fire HDX 8.9 tablet key specifications

  • 8.9-inch display with 2560x1600 pixels resolution
  • Pixel density of 339ppi
  • HD front-facing camera
  • 8-megapixel rear camera
  • 2.2 GHz Snapdragon 800 quad-core processor
  • 2GB of RAM
  • Fire OS 3.0 based on Android Jelly Bean

As successor to the Kindle Fire, the Fire HDX lives up to expectations thanks to exceptional specs like the stunning display, awesome processor, good front camera and sufficient connectivity options. The colour options are limited, but that aside, this device is good enough for anyone seeking a powerful tablet that is capable of providing an excellent visual experience.

The best part of the new Kindle is its price. Inc. begins shipping it on Thursday,Nov 14 starting at $379. That's cheaper than the new $399 iPad Mini, which has a display that measures 7.9 inches diagonally. The full-size Kindle Fire HDX has an 8.9-inch screen, just short of the iPad Air's 9.7 inches. Even cheaper is the 7-inch Kindle Fire HDX, which costs $229.

Wednesday, 6 November 2013

Google Nexus 5 vs. Apple iPhone 5S

The Nexus 5 has finally arrived and it has already got plenty of smartphones to compete with. One of the major rival for Nexus 5 is none other than the iPhone 5S. In 2012, both the phones had arrived in the fourth quarter of the year but went to be the best smartphones of the year. Again, both iPhone 5S and Nexus 5 have arrived in the fourth quarter and come plenty of new features that will make the best smartphones of 2013. Google's Nexus 5 is the perfect blend of functionality and affordability but can it take on the powerful and fast iPhone 5S? 

Display and Dimensions

The Nexus 5 comes with a 5inch display screen that offers a display resolution of 1920 x 1080 pixels with a pixel density of 445ppi. The handset is quite thin as its thickness is only 0.34 inches. The phone weighs only 130g. On the other side, Apple has continued to offer the same sized display that came with the older iPhone 5. It has got a 5inch display screen that offers a display resolution of 1136 x 640 pixels. It brings to you amazing clarity through the Retina Display technology. In comparison with Nexus 5, the pixel density of iPhone 5S is lower with 326ppi. However, compared to the Nexus 5, the iPhone 5S is thinner as it only 7.6mm thick and even weighs less with a weight of 112g.


iPhone 5s - 123.8 x 58.6 x 7.6mm, 112g
Google Nexus 5 - 137.9 x 69.2 x 8.6mm, 130g

Neither Google nor Apple has gone for anything wildly different from their current ranges, with the iPhone 5S looking almost exactly like its predecessor, with the slight exception of it now being available in gold, as well as the standard Apple black and white. The device remains minimal and has the usual thin side-to-side bevel, with the larger bevel above and below the screen. As with previous models, the device is made of glass and metal, giving it a heavy, premium feel, if a little slippery in the hand.

Google’s Nexus 5 is possibly even more minimal than the iPhone, with no buttons on the fascia of the device and a minimal side bevel. The device is made of edge-to-edge toughened glass, giving it a high-quality feel and the updated Gorilla Glass 3 is especially thin, making the device tough without being bulky. Buttons are hewn from a ceramic material, which is a vast improvement on plastic from the previous Nexus smartphone, and they lend a real feeling of quality to the device.


The Nexus 5 is powered with a Snapdragon 800 chipset with Krait CPU cores that delivers a clocking speed of 2.3GHz. It has got 2GB RAM board. The phone is available in two storage variants, namely 16GB and 32GB. It comes with 2300mAh capacity battery. As mentioned before, there is 64bit A7 processor that offers a clocking speed of 1.3GHz. It is coupled with PowerVR G6430 graphics and M7 coprocessor. It comes with 1GB RAM. The handset is available in storage variants of 16GB, 32GB and 64GB. It has got a battery of 1570mAh capacity.


A much more important question than which hardware to go for is the ecosystem to pick – Android or iOS. Both phones run the very latest version of their respective systems – iOS 7 and Android 4.4 KitKat. 

These days, both are very fast and look good – before iOS 7 the Apple mobile OS was starting to look a little musty. The main benefit of iOS is that it offers the best apps and games selection. You just can’t beat the App Store. 

With Android, you get much more control. You can change keyboards, tweak the look of the system a whole lot more and can generally connect to other devices much more easily – whether a TV or just your computer.We could go on, but the debate around iOS vs Android is long enough, complicated enough and emotive enough to fill several volumes.


Both these phones have 8-megapixel cameras, a megapixel count that sounds a little low when the Samsung Galaxy S4 has a 13-megapixel camera and the Xperia Z1 a 20.7-megapixel camera. However, each has a few minor tricks up its sleeve. 

The iPhone 5S has a slightly larger-than-average sensor. It is 1/3 of an inch rather than 1/3.2 inches – the standard size, and that of the Nexus 5. Larger sensors result in less noisy pictures, given the same level of processing. 

The Nexus 5 also has a slower lens than the iPhone 5S – f/2.4 to the iPhone’s f/2.2. A faster lens again results in less noisy pictures, and better low-light performance. 

However, the Nexus 5 has one thing the iPhone 5S does not – optical image stabilisation. This buffers the lens to compensate for any movement made while you’re taking photos, and will reduce the number of blurry photos you take.


The Nexus 5 and the iPhone 5S both come with support for 4G LTE connectivity. The Nexus 5 will be available through AT&T, T-Mobile and Sprint but there is no info on whether the Nexus 5 will be made available by Verizon. The iPhone 5S is being offered by all the leading carriers in US.

When it comes to Wi-Fi, the iPhone 5S only offers 802.11n speeds whereas the Nexus 5 offers much faster internet connectivity through 802.11ac. Both the handsets come with Bluetooth 4.0 and GPS. Google Nexus 5 comes with NFC connectivity but Apple is yet to offer this feature on its iPhone.

When we compare the hardware specs of both the smartphones, the Nexus 5 seems to be a superior. However, it all boils down to how the hardware interacts with the operating system on the handset.

Battery Life

Battery life is one of those things that no one is ever happy with. With that said, you might be pleased to know that the battery life on both the Nexus 5 and the iPhone 5s are pretty decent. According to Apple, you’ll be able to get 10 hours worth of LTE surfing time, while Google says that the Nexus 5 will last seven hours on LTE. Of course, your mileage will vary, and each user will have their own experiences as far battery life goes, but it’s usually a safe bet to knock a couple hours off of what companies give you as far as battery life numbers.


Nexus 5’s 16 and 32 GB variants are priced at Rs.28,999 and Rs. 32,999. On the other hand 5s 16GB, 32 and 64 GB variants are priced at Rs.53,500, Rs 62,500 and 71,500.

iPhone 5s sold out in India, shortages everywhere!

The iPhone 5s and 5c opened for sale in India on Friday 1 November ahead of the Diwali weekend to a demand that rapidly outstripped supply and on Tuesday.

According to The Times of India, Apple’s iPhone 5s sold out within 24 hours of launching in India, which is now the world’s third largest smartphone market by volume. Initial supply is unknown — possibly as low as 30,000 units across the country, according to “trade estimates” — but India now marks yet another market where consumers will have to wait for weeks to buy Apple’s latest phone. 

On Tuesday, Economic Times reported that “top multi-brand cellphone and electronic retail chains such as The MobileStore, PlanetM, UniverCell and Future Group say their 5S stocks are over but that they still have 5C phones.” The report adds that trade estimates put the number of iPhones launched in India was close to 30,000 of which around 6000 were iPhone 5s devices. Reliance which is offering the phone for a year contract sold out the devices in one and a half days.

But when it comes to the iPhone, it’s not just the big guys who are facing a supply shortage and a demand overload. Local mobile stores in Delhi too have very limited supply of the iPhone 5s, which seems to be in high demand.

As far as offers on the iPhone 5s are concerned, Reliance Communications is offering the smartphone for a sweet Rs 2,999 per month for a contract period pf  24 months. The offer will include the handset cost, unlimited local and STD calls, SMS, national roaming and 3G data. Under this offer, Apple iPhone 5c and iPhone 5s customers will not receive any usage bill for 24 months, as the monthly payments include all usage charges. Only international calls and international roaming charges will have to be paid for. The iPhone 5c is also available on the same offer but for a monthly payment of Rs 2599 with the same data and voice deal. Customers however will require a credit card for buying the iPhone 5s and iPhone 5c under the offer. They will need credit cards from ICICI Bank, Standard Chartered, HDFC Bank and Citi Bank. The amount will be billed to their credit card.

Sony RX100

If you're not quite looking for the power of a professional camera but you appreciate the benefits of taking quality photos, Sony's RX100 is the perfect choice.

At its best - which is to say any well-lit environment - the RX100's photos can be indistinguishable from a DSLR, requiring an expert eye to see how a more expensive camera is superior.

And the RX100 delivers great results with minimal effort. When set to "auto" the lens is almost always quick to focus. Shots are sharp, vibrant, and overall pleasing to the eye.

For those desiring a little more control over their shots, the programmable ring around the lens, along with full manual control, will let you experiment to your heart's content.

Related story: Snapchat has a bright (and long) future

The RX100 lets you record video too. It's more of a secondary feature, but in the right hands and using right setting, movies shot using the RX100 can impress too.

The camera's design is also a winner. Constructed almost entirely of aluminum, the black case has a simple, classic design that pays homage to old-school cameras while still looking like a 21st century device. It is solidly constructed, but not clunky, and every button, knob and dial exudes quality.

But the $600 camera comes with plenty of compromises. You're stuck with the 28-100mm fixed lens. In lower light, image quality starts to drop off faster than it should, especially when you use the zoom function. It's not quite as pocketable as most of its point-and-shoot counterparts, nor does the battery last quite as long. And the price tag will certainly scare a few people away (though you can easily find it for $500).

There's also the $750 RX100 MKII to consider, which features the same lens, a hotshoe for adding accessories and also has a big one-inch sensor. It also adds a few light absorbing tricks to that sensor to markedly improve its low-light performance.

If you're not quite a hobbyist, but you're in the market for a camera that is noticeably better than your phone, the RX100 is the camera to spring for. 

Tuesday, 5 November 2013

Sony Xperia Z Ultra

The Sony Xperia Z Ultra is a big ol' phone. It’s huge in fact. After the 5.7-inch Samsung Galaxy Note 3 and the 6.3-inch Samsung Galaxy Mega, Sony is pushing the limits of what is acceptable to carry in your pocket with this giant 6.4-inch Android smartphone.

Almost every smartphone seems to be small when you compare it to the Xperia Z Ultra. The smartphone/tablet hybrid is huge with 179 x 92 x 6.5 mm, but also very thin. The Galaxy Note 3 is considerably thicker with 8.3 mm, but also more than 40 grams lighter. The use of glass at the back should be the main reason for that additional weight since the case of the Galaxy Note 3 is once again completely made of plastic.

The physical button for stand-by and the volume rocker can easily be reached with one hand because they are on the lower half of the device - no risk for contortions. The build quality is on a very high level and the materials can convince us - even though the glass at the back attracts fingerprints. The torsion resistance cannot quite keep up with the HTC One because of the thin profile and results in a slight point reduction.

Similar to many other Xperia devices, the Z Ultra is also certified according to the IP55 & IP58 standards. This means you can submerge the phone for 30 minutes to a depth of 1.5 meters. Even though the Ultra Z is supposed to be equipped with a back of robust glass and a protective film, we already had a few scratches after a little while.

The Xperia Z Ultra packs a powerful quad-core 2.2 GHz Qualcomm Snapdragon 800 MSM8974 System-on-Chip which is paired with Adreno 330 graphics chip clocked at 450 Mhz. To make the best of this SoC, Sony has fitted 2 GB RAM in the phablet. We ran variety of popular benchmark apps just to satiate our itch for testing the new SoC breed. We weren't surprised for the Snapdragon 800 easily topped in several benchmarks such as 3DMark scoring 15899 in the Ice Storm game benchmark. Interesting bit is that the Samsung Galaxy S 4 LTE-A model with the same processor gets slightly more score than the Xperia Z Ultra. The secret lies in the optimization performed by both companies separately.

The Xperia Z Ultra packs an 8 megapixel camera at the rear with Exmor RS imaging sensor for fast capture. When you look at the back, Sony inadvertently repeated the same mistake that Apple did with the first iPhone and Samsung followed it with Galaxy S - no LED Flash. Now there goes an opportunity to offer great images with little bit of artificial light. The Camera app remains the same as it has been with the last couple of Xperia series handsets. In the camera app, the on-screen button in upper left corner can be tapped to get single tap access to various modes - Normal, Burst, Picture Effect, Sweep Panorama, Scene Selection (With sub-menus), Video Camera and Front Camera-video.

The Sony Xperia Z Ultra is large screen phablet promising great multimedia possibilities at Rs 39,000 approximately. Undoubtedly the Xperia Z Ultra is one of the best and powerful phablets in the Indian market. The waterproof nature and slim body design makes it attractive to those who love big devices that can comfortably stay in the overcoat or blazer pockets. There is no way that this phablet can comfortably rest in the trouser pockets and having said that, it is one of the uncomfortable smartphones in terms of size.

Monday, 4 November 2013

Fantastic screen, Incredible power and Good battery life : LG G2 is one of the best smartphone of 2013

Credit : Ubergizmo
It may have taken several years, but LG has finally released its first premium smartphone, the G2. And the flagship device ticks all the required boxes for a high-end smartphone.

It has a 5,2-inch full-HD display and packs in a 2,6GHz Qualcomm Snapdragon 800 quad-core processor, a massive 3 000mAh battery and a 13-megapixel camera with optical image stabilisation. It also features 2GB of RAM, 16GB on-board memory (not expandable), 4G/LTE support, Bluetooth 4.0, near-field communication and a built-in infrared blaster that lets you control any compatible infrared remote-controlled device.

Competing with the likes of the HTC One, Sony Xperia Z1 and Samsung Galaxy S4, the G2 has stiff competition, but how does it really compare?

One of the G2’s unique selling points is that it has no physical buttons on its edges. Instead, at the back, where your index finger usually rests — whether you are left- or right-handed — you will find the power button and the volume up and down keys. LG placed all the buttons at the back after researching human behaviour for 18 months and decided that this spot was most comfortable for users.

The G2 is no slouch when it comes to power - it's packing the same Qualcomm Snapdragon 800 chipset that resides in the Samsung Galaxy Note III. This chipset features a quad-core 2.26GHz CPU which delivers blistering performance and is backed by 2GB of RAM. 

LG opted for a 5,2-inch screen, which makes it the only smartphone with a screen that size. It’s managed to cram a large screen into a phone size that is physically quite similar to the Samsung Galaxy S4, although it weighs 13g more than the S4’s 130g. It has a full 1 920×1 080 HD IPS screen and 16:9 aspect ratio that allows you to view it from any angle.

It almost goes without saying, but the G2 is insanely powerful. It doesn't stumble or stutter during intense tasks, and is even capable of running two apps side-by-side using LG's QSlide functionality.

On the connectivity front the G2 comes with 4G LTE, which means you can benefit from increased network speed, assuming your mobile contract supports it, of course. There's also Bluetooth 4.0, Wi-Fi and NFC – the latter of which can be used to make contactless data transfers. 

Storage consists of either 16GB or 32GB, depending on which model you pick up. Taking into account the aforementioned lack of a MicroSD card slot, you may wish to plump for the higher capacity version if you're keen on downloading loads of apps and games.

Credit : Ubergizmo
The G2 is one of the most well-rounded devices I have come across after a long time. Based on almost three weeks of using the G2 as my primary smartphone and almost a fortnight with the Galaxy Note 3 before that, there is not even an iota of doubt in my mind that high-end Android smartphones have finally reached the point where the iPhone starts looking massively behind the curve.

The G2 marries a handy form factor with stupendous performance at a very attractive price point. The 32GB variant is available for approximately Rs 37,999 at a time when competing products are priced significantly higher. The LG G2 will easily be on the top of my recommendation list when anyone asks me about buying a high-end Android smartphone.

Send email in your own handwriting from Google!

Google has reportedly added a new handwriting input tool to Gmail and Google Docs that allows users to send emails in their own handwriting.

With a mousepad or cursor users can write out what they want and Google will do its best to create a typed version of their words and also give suggestions for similar words from where the user can choose from.

According to CNN, the tool is in more than 50 languages for Gmail users, while Google Docs users can have options from 20 languages.

Google's Xinangye Xia said that handwriting input makes the internet easier to use by people worldwide and is also part of a larger effort to break the barrier between languages.

Users can simply go to the Gmail or Docs settings and, under the Languages setting in the General tab, click 'Show all language options' and then select the that says

'Enable input tools' and a list will come up having every type of keyboard Google has to offer.

The languages with a pencil icon beside them are the ones that support written words and once an input option is added, one can select it anytime from a drop down on top of the menu bar above the document or email being composed.

Apple’s India success story: iPhone 5s sold out in less than 24 hrs

Sales of the lowerpriced colourful iPhone 5c, however, picked up pace only from Saturday with consumers buying the model since the 5s was sold out. However, the iPhone 5c is also selling like hot cakes, with retail chains expecting their stocks to be sold-out during the weekend.

Apple launched its two new iPhone models in India on Friday in a series of events in Hyderabad, Bangalore, Ahmedabad, Delhi, Ludhiana, Mumbai, Pune, Chennai, Gurgaon and Kolkata. The Apple iPhone 5s is priced between Rs 53,500 and Rs 71,500, depending on the size of the internal memory, while iPhone 5c is priced at Rs 41,900 (16 GB) and Rs 53,500 (32 GB). At Mumbai’s Phoenix Mills in Lower Parel, which was one of the selected venues of the launch, the event was supposed to start at 5 pm. However, reports say people were queuing since 8 in the morning. The country’s largest cell-phone retail chain, The MobileStore, sold out its iPhone 5s stock in cities like Pune on Friday itself. The MobileStore CEO Himanshu Chakrawarti told ET, “The hype is huge, probably due to the shorter gap between the US launch of the device and India.” At the Lower Parel launch, the phones were sold out in just three hours. The gold version of the iPhone was sold out even faster and many consumers were forced to buy the silver one, reported DNA.

Credit :
As per retail industry estimates, some 30,000 units of iPhone 5s and 5c models were distributed in India in the launch phase, which includes some 6,000 units of iPhone5s. New stock of iPhone 5s will available again from Wednesday. It seems Apple got it right this time by launching the two new phones during Dhanteras.

Credit :

Sunday, 3 November 2013

Twitter Attracting Huge Demand, all set to make the most anticipated stock market debut!

Credit : Reuters

The New York Stock Exchange ran a test of Twitter’s (NYSE:TWTR) eagerly awaited market debut on Saturday with an IPO simulation.

As of now, Twitter is planning to offer 70 million shares at $17 to $20 each, according to regulatory filings. Shares will likely price Wednesday with public trading starting the following day. CEO Dick Costolo is touring the country, making stops in major U.S. cities to ignite interest in the stock. His road show is largely ceremonial given the outsized interest in what will be the hottest IPO since Facebook.

The company will trade under the "TWTR" symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.

Critics believe that Twitter is playing it too safe. Current valuations imply a multiple of 9.5 times 2014 sales compared to Facebook’s current 12.9 multiple. That puts Twitter at a 27 discount to its biggest rival. It’s also priced at a 29 percent discount to LinkedIn (NASDAQ: LNKD) that trades at 13.4 times 2014 earnings.

here is considerable excitement about the IPO because Twitter is "a unique product that no one can replicate," said Michael Pachter, head of equity research at Wedbush Securities.

Pachter and his colleagues said in a research report that they expect high demand.

"We believe that the market is likely to generate appetite for more than $1 billion in stock," they said.

That is a relatively small chunk of Twitter's capital, and implies a market value between USD 9.3 billion and USD 11.1 billion -- a conservative figure compared with some of the private market trades in Twitter so far.
"The simple rules of supply and demand suggest that by limiting the supply of shares offered to the public in its IPO, Twitter will be unable to satisfy demand."

And Twitter appears to have learned a lesson from Facebook's debacle in May 2012, marked by trading glitches, accusations about secret information and a plunge in the share value for months after the IPO.

"The Facebook situation last year was a perfect storm of an overheated private market, a fully priced offering, a massive amount of shares brought to market, all compounded by an historical technical glitch," said Lou Kerner, founder of the Social Internet Fund.