New Blackberry Phone, Code name London

The device is rumored to be the first phone than would be running on the new Blackberry QNX operating system. It is expected that the new device may launch late next year. The new Blackberry is rumored to have the following specs:

1.5 GHZ dual core processor
1 GB of RAM
16 GB onboard storage
8 megapixel rear camera
2 megapixel front camera

It looks like Blackberry has finally gotten on board the band wagon and redesigned its original design. I believe RIMM is finally getting the picture and heading in the right direction. The question is, are the new QNX devices enough to turn the company around.

Source: The Verge

Groupon Fastest Growing Company In History

Groupon already has been called the fastest growing company in history.

In Groupon’s second full year of business, 2010, it pulled down $713.4 million in revenue, according to its IPO filing. The revenue a year earlier was $30.47 million. That’s a growth rate of 2,241%. Yes, you read correctly.

(Groupon’s “revenue” is the amount of money a consumers pays for a Groupon offering. Gross profit, or the money Groupon actually retains after sharing revenue with its merchants, was $280 million last year and $10.9 million the year before. That an even faster rate of 2,462%.)

Here is a look at how other hot tech companies, including Google and Amazon.com, grew in their earliest years. Groupon puts them to shame.

Google, 2004 IPO

2000 revenue (first full year): $19.1 million

2001 revenue (second full year): $86.4 million

Growth rate: 352%

Amazon.com, 1997 IPO

1996 revenue (first full year): $15.7 million

1997 revenue (second full year): $147.8 million

Growth rate: 838%

Salesforce.com, 2004 IPO

2002 revenue (first full year): $22.4 million

2003 revenue (second full year): $50.99 million

Growth rate: 128%

(Note: for years ended Jan. 31, 2002, and Jan. 31, 2003)

eBay, 1998 IPO

1997 revenue (first full year): $5.7 million

1998 revenue (second full year): $47.35 million

Growth rate: 724%