E Ink, the popular company that provides paper-look gray-scale displays for eReaders, reported consolidated revenues of $48.02 million in January, down 63.6% from the same month last year and 11% sequentially. The growing popularity of media tablets with full-color displays likely played a big role in the decline — sales of Amazon’s Kindle Fire and Barnes & Noble’s Nook Tablet are thought to be eating into the companies’ respective dedicated eReader businesses to an extent. Even though E Ink’s revenue took a nose dive in January, the company said that it expects to post revenues of $1.35 billion this year, up 5% from 2011.
While we’ve been testing out Samsung’s 4G LTE mobile hotspot for a couple weeks, there’s just something about Novatel that we can’t shake. After all, they were the first with a MiFi device. If you have been holding on to the thought of a 4G LTE MiFi ever since CES, today is the day. The Verizon Wireless MiFi 4510L 4G LTE mobile hotspot is now available for purchase from Verizon online, and will be available in stores on April 21st for $99 after a two year service agreement and rebate. Verizon’s $50 monthly service plan gets you 5GB of data usage, with additional usage billed per gigabyte. The new MiFi, in addition to obviously supporting Verizon’s 4G LTE network, features the ability to share a microSD card over your mini wireless-network and offers an eInk display which conveniently shows network status and battery life at all times on the front of the unit. Verizon has also noted — via Twitter — that it has “a mess of new cities and towns” launching with LTE this Thursday, April 21st. The full press release is after the break. More →
Major textbook publishers, including McGraw-Hill, Pearson, Kaplan, and Houghton Mifflin Harcourt K-12, have completed a deal with software company ScrollMotion Inc. to prepare their textbook offerings for digital outlets like the iPad. Textbook publishers, having seen the impact of technology and the internet on the newspaper industry, are desperately trying to stay ahead of the technology curve and viable well into the 21st century. Rik Kranenburg, group president of higher eduction at McGraw-Hill had this to say: “Nobody knows what device will take off, or which ‘killer app’ will drive student adaptations. Today they aren’t reading e-textbooks on their laptops. But ahead we see all kinds of new instruction materials.” The Wall Street Jounal, citing a report by research firm Compass Intelligence, predicts technology spending among educational institutions will increase $14.3 billion over a five year period (tracked from 2008 to 2013); a figure publishing companies clearly are not going to ignore. Check out the WSJ article for all the details. More →
Canadians that have long been jealous of their Southern neighbours ability to procure an Amazon Kindle need no longer feel hostile, for today Amazon announced it will ship the Kindle to its Canadian customers. To offer over 300,000 books and a wide assortment of international newspapers, a bunch of unique Canadian content has also been added with The Globe and Mail and The National Post having signed up to deliver their dailies to those that wish to subscribe (Canwest’s publications are said to be coming soon if they don’t get visited by the repo man first). The Kindle will set Canadians back $259 USD ($275 CDN) on Amazon’s American website.