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Articles about consumer: December 4, 2008

Classmates.com gets sued by user: His friends weren’t really looking for him

by Jodie Andrefski on Nov 13, 2008 at 02:58 PM

Classmates.com
Classmates.com is one of the biggest advertisers on the ‘net.  It’s been around since before MySpace, Facebook, or Friendster grew to the popularity they have now.  They spend wicked amounts of money on their online advertising; $30 million was spent in 2005 to give you an idea.  However, now they just may have to answer for some of their “lure the customer in” tactics.

Anthony Michaels had been a free member of the Classmates.com site since last year.  Then, Classmates.com informed Michaels that his old school pals were trying to contact him.  He got that familiar to many message “Your former classmates are trying to contact you! Upgrade now to see their messages!“ sent to him from Classmates.com.  So, curious as to whether it was an old grade school buddy or that girl he was always secretly smitten by, Michaels did what many others are suckered into doing with that message. 

Keep reading to find out what could happen to Classmates.com.

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Panasonic confirms Sanyo takeover

by Christian Milsom on Nov 11, 2008 at 03:10 PM

SanyoPanasonic is already a sizable company, but they are going to get that little bit bigger with the confirmed takeover of Sanyo.  Sanyo have been struggling recently, and it’s probably not a coincidence that their downturn coincides with the economic crisis that we are facing.  Nevertheless, they are still worth a substantial $18.5 billion which will boost Panasonic’s value to around $107.8 billion, making it one of the biggest consumer electronics companies.

The reason behind this is that this takeover will give Panasonic access to two key technologies in the shape of solar panels and batteries which will help them greatly in their own hand-held electronic products, in fact, Sanyo is the market leader in the manufacture of rechargeable batteries.  They will also acquire a company specializing in portable gadgets which generates $4 billion per annum in revenue.  Continued after the break.

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