economy

Online Coupons Get Smarter

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When Jennifer London cut a deal with Groupon Inc. to promote her smoothie shop in an email, she wasn’t sure how many people would show up for discounted drinks.

Thirsty New Yorkers bought more than 1,300 of her online coupons, and “it kind of blew my mind,” Ms. London said. People redeemed roughly 900 of the coupons over six months at her small Xoom NYC Inc. shop, including a crush in June, but she was disappointed that few became regular customers.

“Most of the people who came are not from this neighborhood—I most likely won’t see them again,” Ms. London said, adding she wished she had limited each person to three coupons rather than 10. Fortunately, she said, not all the coupons were redeemed. “I definitely would have lost money if everyone had shown up,” she said.

Groupon and its competitors, which build buzz by sending out a daily email alerting subscribers in a city to a local bargain, are listening to gripes like Ms. London’s and recasting their operations. Among the new approaches: computer programs to better target consumers with personalized deals and staff on the ground to help merchants.

Apple Seeks Growth Beyond Consumers

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Apple Inc. is boosting efforts to appeal to a new type of customer: small businesses.

The consumer electronics giant responsible for the iPhone is seeking to hire engineers in as many as a dozen U.S. retail stores to put together Apple-based computer systems for small businesses, according to recent job postings on Apple’s website. The employees would implement computer systems for clients and are expected to be proficient in networking hardware and server platforms.

“Thousands of businesses run on Apple products,” the posting reads. “Many more would like to, and that’s where you come in.”

Dell Puts Hope in Health-Services Unit

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Dell Inc. hopes customers like Methodist Hospital System will help cure what ails it.

Methodist has contracted with Dell’s services since December 2009 to help it create and maintain an electronic medical records system. Dell’s technicians are also customizing software for Houston-based Methodist’s 2,600 doctors so those records can be accessed by staff at any of its four community hospitals.

The Methodist contract is one of the most visible examples of what Dell hopes to accomplish with its $3.9 billion 2009 acquisition of Perot Systems, a specialist in health-care information technology.

AMD chips to be in many more PCs this summer – sources

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Advanced Micro Devices Inc may make some of its largest inroads into the fast-growing laptop computer market thanks to a new generation of power-efficient chips to be unveiled next week.

People familiar with the matter who work for AMD said the company’s latest microprocessors are expected to be included in 109 mainstream laptop models in the coming months, the company’s best showing during the crucial back-to-school sales season. Last year, AMD’s chips were available in 40 laptop models.

Delving into Intel’s results? Try flying to China

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To get accurate projections for Intel Corp, Wedbush Morgan analyst Patrick Wang often finds himself hopping on a plane to Asia.

Wang — who normally crafts complex mathematical models and pores over financial statements — finds, in Intel’s case, it helps to use his fluent Chinese to gather information directly from its customers: top computer manufacturers in the Orient.

“They’re just such a large semiconductor company and to get color in terms of the overall scale, you need that,” he said.

Wang and many other analysts’ predicament may underscore why the world’s top chip maker has beaten expectations in six of the last eight quarters. More than 80 percent of its sales are abroad. Analysts estimate over half its revenue comes from less transparent markets such as China, Africa and India.

Apple’s iPad: trouble for Intel’s mobile push?

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When Apple Inc unveiled its iPad last month, one crucial detail almost got drowned out in the hoopla: the new tablet computer will be powered by an in-house chip called the A4.

While Apple likely will not market the chip publicly, analysts say the new processor underscores how rival chip designs may eventually win out over Intel Corp’s designs in the emergent hot category of mobile devices like smartphones and tablets.

Intel says the first smartphones using its chips go on sale by 2010’s second half, as it tries to stake out a corner in the wireless market and replicate what it did for the formerly red-hot netbook category it now almost completely dominates.

But analysts point to an uphill battle against Nvidia Corp, Marvell and Qualcomm Inc, already making headway with cheaper, low-power processors based on designs by ARM Holdings PLC.

“They (Intel) don’t have a track record in delivering these types of chips,” said Wedbush Morgan analyst Patrick Wang. “They haven’t been successful in the past, and they’re trying to get in.”

GlobalFoundries merging operations with Chartered-CEO

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GlobalFoundries plans to merge its operations with recently acquired Chartered Semiconductor, creating a single contract chipmaker with more than $2 billion of revenue to take on market leaders TSMC and UMC.

GlobalFoundries, a joint venture of Advanced Micro Devices Inc and Abu Dhabi-backed Advanced Technology Investment Co, is already beginning to work with suppliers and partners as one company, GlobalFoundries Chief Executive Doug Grose told Reuters in an interview.

Can Nvidia power through a fading product line?

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Graphics microchip maker Nvidia Corp is a company in transition.

The Santa Clara-based company halted development for one of its largest units in October, raising questions about whether the unit’s product sales would slowly tail off or sales would drop off a cliff.

And, if they did, could the company’s products in new market segments gain enough traction to make up the difference?

Big Blue dreams of a big green battery

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SAN FRANCISCO (AFP) — Spike Narayan watched a Tesla electric sports car rocket from zero to 60 mph (100 kph) in less than four seconds and knew batteries would be the next big thing.

“It’s hard to understand you’re not in a gas powered Porsche,” Narayan said as he recalled the demonstration outside IBM’s Almaden Research Center in the heart of Silicon Valley.

“Your head snaps back from the speed.”

The vision underscored the importance of battery power to Narayan and other IBM researchers who led a future-of-batteries conference that ended Thursday at the center.

Spending on U.S. rail seen stuck at the station

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CHICAGO (Reuters) – ANALYSIS – Major U.S. freight railroads and their advocates have argued for years that government investment is needed in the country’s rail system to take freight off congested highways and keep the economy moving.

But supporters say rail investments have been largely ignored by Congress, suggesting political support is lacking, despite warnings action must be taken sooner rather than later.