Jonathan Ratner

Facebook Inc.’s US$2-billion acquisition of Oculus VR may look modest compared to its recent US$19-billion purchase of WhatsApp, but there appears to be a clearer path for monetizing the new asset through game-related software and hardware.

Two-year-old Oculus has developed software and hardware for virtual reality environments such as video games. It has received more than 75,000 development kit orders for its Oculus Rift headset.

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King Announces Pricing of Initial Public Offering

King Digital Entertainment plc (KING), a leading interactive entertainment company for the mobile world, today announced the pricing of its initial public offering of 22,200,000 of its ordinary shares at a price to the public of $22.50 per share.  King is offering 15,533,334 shares and certain selling shareholders are offering 6,666,666 shares.  In addition, certain selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,330,000 shares to cover over-allotments, if any.  The shares are expected to begin trading on the New York Stock Exchange on 26 March 2014, under the symbol "KING."

MicroVision to Supply UPS with Custom PicoP® Display Modules for Package Guidance Application

Unique Capabilities of PicoP^® Display Technology to Assist Global Logistics Leader In Real Time Package Sorting System

MicroVision, Inc. (MVIS), a leader in innovative ultra-miniature projection display technology, today announced that it has agreed to supply customized PicoP^® display modules to UPS, a global leader in logistics, transportation, package delivery and freight forwarding. UPS handles millions of packages in more than 200 countries and territories every day.

MicroVision’s technology is part of a new package guidance application aimed at increasing processing efficiency in real-time package sorting and routing that UPS is deploying in a facility in the United States. PicoP^® display technology was selected for this application due to its ability to operate in industrial environments and its distinguishing performance characteristics including brightness, infinite focus, and variable field of view. The projection module will be paired with UPS scanning systems to improve package sorting processes.

Concur Reports Results for Fiscal 2014 First Quarter

Q1 non-GAAP revenue and non-GAAP EPS exceed guidance
Company reports Q1 non-GAAP revenue growth of 31%

Concur (CNQR) today reported financial results for its first quarter ended December 31, 2013.

Concur reported total GAAP revenue for the first quarter of fiscal 2014 of $163.1 million. Excluding revenue from businesses that the company intends to divest, non-GAAP revenue for the first quarter of 2014 was $160.3 million, up 31% from the year-ago quarter and up 4% from the prior quarter. GAAP net loss attributable to Concur for the first quarter of fiscal 2014 was $24.2 million, or $0.43 per share.  Fiscal 2014 first quarter non-GAAP pretax income was $12.4 million, or $0.21 per share.