Steve Jobs took medical leave from Apple earlier this year, and returned to work last month. Still, enough of you sent this in to us as news that we had to post it. TMZ caught an image of Steve Jobs, dressed to the nines, leaving the Apple Campus yesterday afternoon. They even took the photo on an iPhone. Great.
Read More | TMZ
Movie Gallery, the parent company for brick-and-mortar game retailer/renter (and one of the few remaining chain competitors to GameStop/EB) received an extension on its $900 million restructuring loan as it continues to struggle in an increasingly difficult market. Movie Gallery also owns Hollywood Video and and eponymous stores. CEO Joe Malugen said, “Despite the challenging market conditions for Movie Gallery and the entire rental industry, we are continuing to work with our lenders and our outside advisors to help address the Company’s current financial situation. We plan to continue to operate the Company without interruption as we work through this challenging period.”
So clearly the word of the day is “challenging” but the company seems to be angling toward an acquisition or merger to overcome those challenges. So far they have had to close stores and reduce staff to try and meet financial obligations, and this new extension has given them until August 27th before the loan is considered defaulted.
Detroit’s Daimler Chrysler has revealed that Bob Nardelli, former CEO of Home Depot, is to be their new head honcho. In a locally televised cutaway this morning from local programming featuring him and Tom LaSorda, who is now taking the #2 spot in the company, we noticed plenty of smiling and calling each other by first names while fielding media questions. This move certainly leads us to believe that the beleaguered company feels that there is more at stake here than just having a competitive product. Perhaps they will concentrate a little more on public relations, reinforcing their reputation, and saving autoworkers’ jobs here in the U.S.
Read More | WXYZ
Gear Live reader Davis Freeburg writes in:
As early adopters who’ve downloaded a DivX movie file know, their video file is second to none. There is no unreasonable wait, the quality is fantastic and it’s highly portable throughout the home. Born in the wild wild west of the P2P revolution, DivX has recently tried to shake their bad boy image for a more corporate look with a recent IPO. In an interview with Jordan Greenhall, DivX’s CEO, he discusses the impact that piracy has played on their negotations with the studios, the future of DivX on the Xbox 360, the PS3 and the Wii and his plans to bring media convergence into the digital home.
One of our favorite quotes from the piece is Jordan talking about what it could mean if Microsoft added DivX playback to the Xbox 360:
The pressure would certainly be on and then it’s a matter of the politics of each organization. I would argue that on a pure market competitive basis, if Microsoft stepped up and put DivX on the Xbox, they would have a significant competitive advantage and the onus would be on to reduce that advantage by licensing DivX as well, but that doesn’t imply however the Sony would have the forethought to do it.
Read More | Jordan Greenhall Interview
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