TuneLight MP3 Player Speaker System On Sale For $19.99

January 21 2009No Commented

Categorized Under: Portable Audio

Are you the type that likes to listen to your iPod or MP3 player while sitting at your desk, but would rather not use those pesky headphones?  The TuneLight MP3 Speaker System holds your pencils, powers your lighting, carries your paperclips, and plays your iPod or other MP3 player for you.  The folks at Gracious Home were selling it at $39.99, but is now making it available for $19.99.  The TuneLight MP3 Speaker System is able to play the iPod or MP3 music with a headphone jack.

[Available here]


Brian Dunn To Become Best Buy CEO This Summer

January 21 20093 Commented

Categorized Under: Misc. Gadgets

[Brian Dunn]

Brian Dunn, the current President and COO of Best Buy Co., Inc. (NYSE:BBY) will be promoted to CEO this summer.  This is because the current CEO, Brad Anderson will be set to retire this summer.  Anderson has been CEO of Best Buy for about seven years.  Even though Anderson will be retiring from the CEO position, he will be retaining his position as Vice Chairman of the Board of Directors in order to help with the transition.

Brian Dunn started at Best Buy as a store associate 23 years ago.  He climbed the corporate ladder to become President and COO in 2006.  Since then, Dunn was responsible for Best Buy’s 1,000 retail outlets and the Geek Squad.  Dunn takes the reins from Anderson at a time where Circuit City, one of Best Buy’s biggest competitors is liquidating all of their stores.  However Best Buy has also been hit by the recession as their revenue dropped by 77%.

Best Buy has about 150,000 employees across the globe.  Many of the corporate employees at Best Buy work on a result-only environment where they can choose whether to work from home or go to the office as long as deadlines are met.  This has worked well for the company as productivity has gone up by 41% and accounts have been reconciled from 120 accounts a year to over 600.


IBM Acquires Stake In Changhong Electric

January 20 2009No Commented

Categorized Under: Video

According to a company filing on the Shanghai Stock Exchange, IBM has acquired stake in Changhong Electric worth $15.8 million.  Changhong is China’s largest TV production company.  The investment was made through IBM’s Global Services China unit.  Through the investment, IBM acquired 1.56% stake in Sichuan Changhong Electric from their parent company, Changhong Group.  Changhong transferred 29.76 million shares to IBM based on a stock value of 3.64 yuan (U.S. $0.53) per share.

Changhong also manufactures air conditioners, MP3 players, DVD players, batteries, packaging materials, and mold processors.  Changhong is an IBM customer through the use of the American company’s Product Innovation Management model.

[via PC World]

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