Tuesday, October 20, 2009

Coleman Research Group’s Technology, Media & Telecom department highlights charges swirl around Intel/AMD deals and virtual world Meez sees profit

Coleman Research Group’s Technology, Media & Telecom Group facilitates consultations between our clients (institutional investors) and leading technology professionals on a wide variety of topics including semiconductors, data storage and security, computer hardware and software, satellite system operators, telecom equipment, cable and wireless providers, and advertising spending.

Our TMT network spans technology industries across the globe and includes CTOs, CIOs, marketing and business development executives, engineers, buyers, and resellers.

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Charges swirl around insider trading on Intel, AMD deals

Think of it as a twist on the old rivalry between chip giants Intel and Advanced Micro Devices. But this time, the rivalry is about which company can make a hedge fund more money.

The complaint filed by the government against six people on Friday details how a relatively obscure Intel treasury executive and a prominent hedge fund manager allegedly participated in an insider-trading ring centered on an Intel investment. The document also shows alleged insider trading of AMD shares by an adviser from McKinsey & Company before the chipmaker spun off of its manufacturing operations.

The case revolves around Raj Rajaratnam, who founded the Galleon Group, a New York-based hedge fund that manages $7 billion in funds. Federal prosecutors charged Rajaratnam and five others on Friday with securities fraud, alleging they were involved in insider trading of some of the most well-known tech companies including Intel, Google, AMD, and IBM.

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Teen virtual world Meez sees profit

Meez, a start-up that expanded last year from an avatar creation service into a full-out virtual world for teens, is touting some good news: it's been profitable since April and "every month is better than the last month," CEO John Cahill told CNET News.

Right now, Meez has about 13 million registered users, 3 million unique hits per month, and only 20 full-time employees plus about 10 contractors.

Where's the money coming from? Premium subscriptions, ads on the free version of the site, and virtual goods bought and sold with its internal "Coinz" currency--which includes a mobile virtual-gift deal with Verizon.

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