The GameStop’s Here, Uber Excitement and HP Is Shrinking

Dropping Up…

Image courtesy of Idea go/FreeDigitalPhotos.net

Image courtesy of Idea go/FreeDigitalPhotos.net

There’s nothing like a price drop to get consumers to open up their wallets a little quicker. Microsoft may not be all that thrilled to have dropped the price for its Xbox One, but a move like that sure has a way of creating greater demand for the product. But the real winner here is GameStop (GME). Greater demand for the hardware creates greater demand for  the software. Good thing GameStop supplies both. Isn’t that convenient. Revenue for the quarter ending May 3 was $2 billion with a hefty $68 million profit.  Other companies digging the price drop are Take Two and Ubisoft, makers of the highly educational and extremely informative video games, Assassin’s Creed and Grand Theft Auto.

Uber-drama…

Image courtesy of digitalart/FreeDigitalPhotos.net

Image courtesy of digitalart/FreeDigitalPhotos.net

Uber, the uber-cool ride sharing app is making some tracks today. It’s looking to score $500 million for its latest funding round which could drive its value up to $12 billion. Not bad for an app that’s practically its own middleman. Of course, not everybody is impressed or excited by the technology and they are going to do whatever it takes to make sure Uber knows that. Boston cabbies are part of the opposition as are taxi drivers in Miami. Across the pond Brussels isn’t pleased either. But it’s London’s black-taxi drivers that are taking their dissatisfaction to a whole new level, apparently staging a massive protest. It should be duly noted that these same London drivers already showed their lack of enthusiasm to Uber’s competition, Hailo, by very impolitely (and presumably illegally) vandalizing its offices. But Uber CEO Travis Kalanick is probably thinking more about the $20 million in gross revenue his company pulls in every week.

Crickets crickets crickets…

Image courtesy of iosphere/FreeDigitalPhotos.net

Image courtesy of iosphere/FreeDigitalPhotos.net

It’s going to get awfully quiet at HP (HP). Really really quiet. But not because they’re encouraging napping at work like some of those other (cool) companies. And if you sent your resume there, don’t expect a response. CEO Meg Whitman announced, as part of her five year turn around plan, that she will be cutting even more jobs than what she previously decided to cut. A whole lot more. Between 11,000 and 16,000  employees will be asked to leave their staplers at their desks. Bringing the grand total to about 50,000 people who will be spending their new found free time trolling job boards. The 75 year old, Palo Alto based company is losing ground to smart phones and cloud computing and as a result their pc and printers divisions have been taking regular fiscal punches. In fact they have been getting hit for three years running. Here’s hoping its remaining 317,500 employees can help avoid that in the future.

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2 responses to “The GameStop’s Here, Uber Excitement and HP Is Shrinking

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