Notwithstanding, the valuation and its assumptions refers to, from what I understand, how a minority stock investor, such as ourselves - individuals, may value the stock for its IPO.
If you or I buy a few shares of stock we'll likely not have any "synergies" to speak of so the actual earnings power of the company is important
They should have mentioned Starbreeze which seems to have found gold with its Payday 2. But from what I understand it is not Starbreeze that will make the new Riddick game, but another Swedish developer Machine Games (which was founded by a bunch of old Starbreeze staff after the Syndicate flop)
Any investments made that are meant as long-term (i.e. >1year) is capitalized on the balance sheet and is a use of cash in the cash flow statement.
Any short-term operating costs related to those investments are likely to be expensed during the period in question and thus be recognized in the income statement.
Opex may also be higher (and consequently lower profit) while heavy investments are made because the company hires a lot of more staff which do not start generate any revenue until a later period.
Also B&O's newest TV, the Beovision 11 (a real beauty - http://www.bang-olufsen.com/en/picture/beovision-11) has a compartment for an ATV (or other similarly designed thingy) in the TV. B&O also has the capability of controlling the ATV with the their remote even though it is hidden in the TV. Pretty cool actually
You can see Browser-share as opposed to Browser-version share if you go to the statcounter page linked above. Webkit is around 6% and Chrome is 27% making WebKit ~33% and rising. All versions of IE are ~38.5 and falling. Firefox is ~25% and falling really slowly. Opera is <2% and rising really, really slowly.
I actually hadn't thought of the rumored new iPhone 5 design as a possibility of it being the next iPod Touch. Maybe that's why we haven't heard any iPod Touch rumors yet?
If you or I buy a few shares of stock we'll likely not have any "synergies" to speak of so the actual earnings power of the company is important