Bloomberg’s Joseph Galante this afternoon reports Amazon.com (AMZN) is planning to open an online storefront from which to buy and download applications for phones based on Google’s (GOOG) “Android” operating system.

Amazon plans to pocket 30% of the proceeds of sales, the rest going to developers, he writes, citing an Amazon spokesperson. No time frame has been given, however, for the store’s opening. A Booz & Co. survey is cited stating that sales of applications for phones are being fought over by 30 “app stores” and may constitute $40 billion in annual sales by 2014.

Amazon shares today are down $4.24, or 2.5%, at $169.05; Google shares are down $11.43, almost 2%, at $601.97.

Article courtesy of Tech Trader Daily

From the complaint:

Full complaint and some initial thoughts:

* Favorite lines: “Fuckin..I…uh,” “Oh, it’s easy,” “you take two pairs of pliers,” and “threw that shit in the back of like random garbage trucks.”

* NORTH FACE FLEECE?!? Given that the Big Guy is partial to Patagonia, which is the brand that makes all SAC-issued fleeces,** this should’ve been a red flag this Freeman character couldn’t be trusted.

* If we were looking to cast two people in the parts of Freeman and Longueuil for a dramatic reading of the above, the proceeds of which would go toward a Leave Steve Alone or Cheer Up SAC fund (to be used at Beamer’s, the happiest place on earth), who would your picks be? Famous or otherwise.

Noah Freeman Complaint [PDF]

Article courtesy of Dealbreaker

Shares of Amazon.com (AMZN) are down 57 cents, or 0.3%, at $175.88 after the company yesterday said it made an investment of $175 million in LivingSocial, which promotes deals online for local businesses.
LivingSocial said it would use the proceeds to “maintain a steady drumbeat of worldwide launches,” but it was [...]

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In a move that has been widely expected, Hitachi (HIT) this morning said its Hitachi Global Storage Technologies disk-drive unit “has commenced preparation” for an IPO, with the company to list either on Nasdaq or the NYSE.
Hitachi GST will used the proceeds for “ongoing operating and capital expenditures, [...]

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Advanced Micro Devices (AMD) this morning said it intends to offer $500 million of senior notes due 2020 in a private offering. The chip maker said it will use the proceeds along existing cash to purchase up to $800 million of its 6% convertible senior notes due 2015.
AMD is down [...]

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Matrixx Software, provider of software that allows service providers to charge mobile and wireless customers in real time as their bills accrue, has brought in $9 million in equity and the proceeds from the sale of preferred stock, according to a filing with the SEC. Based in Palo Alto, Calif., the company is backed by Greylock Partners and Tugboat Ventures.

Companies: Greylock Partners, Matrixx Software, Tugboat Ventures

Article courtesy of VentureBeat » Deals & More

Finisar (FNSR) this afternoon said it filed to sell 7.2 million common shares. The optical networking products company said the offering provides for an over-allotment option of 1,080,000 shares, including 148,907 from selling holders.

In an SEC filing, the company said a portion of the proceeds could be used for repayment of outstanding debt or for acquisitions, and for working capital.

FNSR in late trading is down 31 cents, or 2.1%, to $14.50.

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After the close Friday, Sirius XM (SIRI) announced the pricing of an offering of $800 million of senior notes due 2015, bearing interest at 8.75% a year. The notes were priced at par.

Sirius will use the proceeds to redeem its 9.625% senior notes due 2013, to prepay in full all of the borrowings under its senior secure term loan that matures in 2012, and to pay fees related to the offering. Any remaining proceeds would be used for general corporate purposes.

The offering was expanded from an originally planned $550 million.

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