nikki, if you're up still, that one's your fullwidth ticket
chefkoch has quit
nikki
ooh
BrianFreud
what do you think nikki?
BrianFreud suddenly realizes, if GM is nothing else, it's a great tool for teaching you to figure out where to insert stuff, and how to debug when you have absolutely zero feedback outside of alert()
I'm logging. I don't understand 'you don't like gracenote? :)', Senilix. Try /msg MBChatLogger help
mikemorr
MBChatLogger: off
MBChatLogger
is not logging
is logging
ruaok
yllona: what is your take on the sony purchase.
?
yllona
mikemorr: GC is integrated with a number of online music sevices, most notably itunes
Senilix drinks the morning's first cup of coffee :)
ruaok: it's sony america, not sony BMG, so that's important
MrQwerty`
MrQwerty` is now known as MrQwerty
yllona
it will continue to be run as a separate entity, also important
and no matter what you think of sony as a corporation, they have some of the best engineering in the world
so look for a GC-type thing to be embedded on sony consumer devices
ruaok
oh.
*that* is a great insight.
nikki snickers
nikki
so then the consumer devices will be able to get messy data too, amazing!
ruaok
with obvious implications for our friends in Monrovia.
lol
MBChatLogger
Ewww! Gross!
yllona
and here's the confirmation:, from siliconalletyinsider: "Gracenote is now making most of its money from deals with auto companies, which bundle the service in with high-end audio packages. So we're assuming here that Sony sees the value of bundling Gracenote with its own electronics business -- which is of course vastly bigger than its middling music company."
BrianFreud
do we need to add Sony to the chatlogger list now? :O
yllona
BrianFreud: no, as i said above GC will continue to be a wholly separate subsidiary -- for now
and sony pieces, parts and components are *everywhere*, and in *everything*
BrianFreud
I have respect for their hardware, but some of their other divisions leave me very unimpressed
yllona
there's also the professional audio and video stuff, TV/Film/radio/cable satellite -- again sony components are everywhere
dholmes_
I don't even have respect for their hardware anymore
ruaok is with dholmes_
I feel they've coasted on the reputation of quality while the playing field has narrowed greatly
ruaok
I dont buy sony products anymore.
yllona
dholmes_: there's an enormous difference between sony consumer products and sony professional components
dholmes_
yllona: I don't doubt it. The professional stuff doesn't mean much to most people, though.
yllona
ruaok: you may be purchasing sony pieces and parts and not even no it. do you know who the mfg is for internal components of your microwave for instance?
or your TV, or even your electric shaver?
MBChatLogger
I hate the evil empire
BrianFreud
yllona: Microsoft could be making the chips for all I care; it's the quality of assembly I more care about.
ruaok
no, and I strictly refer to the shit that has their name on it.
yllona
*not even know it, sorry
yeah, sony consumer products have dropped in quality especially at the mid-range purchase price
but $260MM is a lot of money to devote to engineering
ruaok
was it an all cash deal?
yllona
"The senior management team will remain with the company. The company’s tech and services are used in Apple (NSDQ: AAPL) iTunes, Winamp, Panasonic, Philips and Sony, and on the mobile music side by players such as from Samsung, Sony Ericsson (NSDQ: ERIC), and others."
"for about $260 million and more depending on earnout. The deal is expected to close in May."
MBChatLogger
Ewww! Gross!
yllona
"Philips and Fraunhofer had equity position in Gracenote because of the technology that Gracenote either bought or licensed over the years. Other institutional investors over the years (over five rounds) included Sequoia Capital, Bessemer Venture Partners and others."
ruaok
to the tune of $120M mind you.
For a $260M payout, that's nothing.
piss poor multiple.
yllona
yep.
MBChatLogger
Ewww! Gross!
yllona
"Gracenote would probably bring in around $40 million in revenues this year (separate from its revenue bookings which could be much larger)."
BrianFreud
you know, apart from their work on mp3 in 1994, I have never heard anything else about Fraunhofer, except them raking in money from deals stemming from mp3s. Have they been coasting all this time on their mp3 patent?