Category Archives: Business

GOOGLE ANNOUNCES PRESCRIPTION GOOGLE GLASS

imageSilicon Valley, California – Imagine being an owner of a Google glass, when in fact, you already wear prescription glasses or contact lenses for being far-sighted. This makes Google’s latest innovation not only impractical but also unfashionable.

When Google first unveiled Google glass, the American Society of Opthalmology threatened to sue the Silicon Valley technology giant for unfair business practice and discrimination.

In an impromptu announcement over the July 4th weekend, Google founder and CEO  Larry Page said that Google is poised to unveil the prescription version of its newest baby in the next two weeks.  Asked by The Adobo Chronicles how much the prescription Google glass would cost, Page said it would not be more than $1,500 plus the normal cost of prescription lenses. Scratch proof and anti-reflective options would be extra.

Upon learning about the prescription version of Google glass, LensCrafters immediately asked Google that it be the exclusive distributor of the product, assuring Page that it will keep its promise to its customers of “glasses made in an hour.”

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MCDONALD’S MERGES WITH JOLLIBEE

mcdoManila, Philippines – The clown can’t compete with the fat bee in the Philippines.  McDonald’s has conceded that it can no longer ketchup with the enormous business success of Jollibee.  In a surprise announcement during a press conference held at the Mall of Asia in Manila, Tony Tan Caktiong, the man behind Jollibee Foods, said that McDonald’s has agreed to merge with Jollibee.  Effective immediately, all McDonald’s restaurants in the Philippines will become Jollibee.  Customers will not find any of the McMenus since Jollibee has decided to sell only its own champ burgers, in addition to its Chicken Joy, spaghetti, rice meals and sweet desserts.

The merger stunned many local investors at the Manila Stock Exchange.  The big question was: How can McDonald’s whose net worth is over $61 Billion be totally absorbed by  Jollibee which is worth just  over $1 Billion? “It’s clearly a case of David defeating Goliath,” exclaimed Jonjon San Pedro, a veteran investor.

Caktiong opened Jollibee Foods back in 1978 with two Manila ice cream parlors. Today, it has turned into the largest fast-food jollycompany in the country with numerous chains including Jollibee, Chow King, Greenwich Pizza, and more than 2,000 stores in the Philippines and 541 overseas. Furthermore, Jollibee Foods owns the Burger King franchise in the Philippines, with plans to expand to Singapore.

During the press conference, Caktiong also announced that all the remaining beef inventory of the now defunct McDonald’s will be distributed – free of charge – to small local restaurants to be used as ingredient for lumpia, the popular Filipino egg roll.

There is growing speculation that Jollibee is also considering to buy out all McDonald’s restaurants in selected U.S. cities with a large Filipino population, including Daly City, Vallejo, Los Angeles, Chicago and Jersey City.