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Results by BlackBerry not enough, Stock Drops
BlackBerry no longer can use the excuse of being in a “transitional quarter,” but that does not mean their fiscal year has started on the right foot. The struggling maker of smartphones saw its stock shares slump over 17% during... More of this article »
Nook Not Doing Well for Barnes & Noble
Barnes & Noble products that have virtual pages and power buttons for reading have become horror stories for the company. The demand for the company’s Nook is quickly disappearing and the company, based in New York just posted... More of this article »
Apple CEO Stock Award Tied to Performance of the Shares
Apple Chief Executive Tim Cook will have to work hard to keep the value of the company from declining. His stock award worth more than $413 million is now subject to the performance of the shares. This was the result of the discussions... More of this article »
UK Commission Orders Google to Delete Street View Data
Google, the Internet search and map giant, is facing criminal charge if it fails to destroy all the payload data it gathered through Wi-Fi on its Street View vehicles. The search giant has 35 days to delete the information. The Information... More of this article »
Google Wants Gag Order Lifted Regarding Internet Surveillance Program
Google asked the federal government to lift the gag order regarding its Internet surveillance program. The online search giant cited the First Amendment right to inform the public about the number of requests it gets from the government... More of this article »
Deal for Sprint Sweetened by SoftBank
Sprint Nextel shareholders have been offered a better deal by SoftBank in an attempt to stave of Dish Network’s chances of taking over the wireless carrier. Softbank increased their offer to Sprint shareholder to $21.6 billion. The... More of this article »
Google to announce acquisition of Waze
Google Inc. will announce as soon as Monday its agreement to acquire Waze, Inc. a provider of different map software. The price of the acquisition is said to be $1.1 billion a person familiar with the negotiation said. Google ensures... More of this article »
Samsung Stubs its Toe in the amount of $12 Billion
sung, smartlSamsung Electronics, the electronics giant based in South Korea, saw its market value plummet by $12 billion on Friday. Brokerages downgraded the stock that underscored growing concerns over the company’s slowing sales... More of this article »
ISS Backs SoftBank’s Bid for Sprint
Investors of SprintNextel Corp have been told by Institutional Shareholder Services that they should accept the takeover bid of $20.1 billion from Softbank Corp. The report by ISS did not mention another offered that was presented... More of this article »
Dell Special Committee Backs Silver Lake Plan
A special committee set up to evaluate takeover bids for Dell Computer says its supports the buyout offer of Silver Lake Partners for $13.65 per share. The plan was offered by both Silver Lake and Michael Dell, the founder of the company. That... More of this article »
Galaxy S4 reaches 10 million in sales in less than 30 days
South Korea based Samsung Electronics announced that global sales for its newest smartphone Galaxy S4 had reached 10 million in less than a month after its global launch date. The latest in Samsung’s stable of smartphones has successfully... More of this article »
Yahoo Board Approves Acquisition of Tumblr
The board of Yahoo approved to purchase Tumblr, which is a popular blogging service, for around $1.1 billion in cash. The deal indicated that the company plans to get back its position as the technology industry tries to get into social... More of this article »
Yahoo Negotiating with Tumblr for possible Acquisition
The acquisition of Tumblr is becoming a sweepstakes. Multiple reports say the social blogging site is amidst serious talks with Internet giant Yahoo, which wants to make a strategic acquisition, partnership or investment. If the outright... More of this article »
Wireless Carriers Negotiating with ESPN
On Friday, ESPN was said to be in talks with one or more wireless carriers over the possible subsidizing of data plans for certain customers for their consumption of data content from the network. There are more than 45 million ESPN... More of this article »
Casinos Prepare for Legalization of Internet Gambling
Legalized gambling is moving out of the casinos and into the internet. This is why the industry is preparing for the broadest changes in its history. Ultimate Gaming, a company based in Las Vegas, has become the first in the United... More of this article »
Apple Moves into No. 6 spot in Fortune 500 List
Cupertino, California based Apple climbed 11 spots in the Fortune 500 to No. 6 with annual revenue exceeding $156 billion. The tech giant is now the official leader of all tech companies. The new ranking is Apple’s highest ever and... More of this article »
Apple Products now to be sold by U.S. Cellular
U.S. Cellular is the sixth largest wireless service provider in the U.S. and it announced last week that it would start later this year to carry products made by Apple. The company’s announcement was part of the earnings report for... More of this article »
Intel’s Selection of New CEO Sticks to Familiar Formula
Intel selected Brian Krzanich as its next CEO. It indicated that the technology giant is sticking to a familiar formula despite the changing shift in computing that has caused some worries about the future of the company. Ever since... More of this article »
Electronics Giant Best Buy Pulls Out of Europe
Troubled electronics retailer Best Buy has decided to pull the plug on Europe. After only five years in Europe, the company will sell its stake in its joint venture with Carphone Warehouse for close to $775 million in stock and cash. Best... More of this article »
Sprint Loses Subscribers put posts Numbers Better than Estimates
The third largest wireless carrier in the United States, Sprint Nextel Corp reported a narrower first quarter loss than was expected. This came even though Sprint lost over 560,000 contract subscribers. The loss was $0.21 cents per... More of this article »
Shares drop as Nokia Earnings Miss
Sales for basic phones dropped considerably for Nokia during the first three months of 2013, which helped to overshadow the positive performance of its Lumia smartphone line. The Finland-based company said its operating margins would... More of this article »
Huawei Looks to Asia and Europe for Growth, not U.S.
Huawei, the second largest gear maker for telecommunications in the world, trailing only Ericsson, has announced its 2013 growth in the United States would be hindered due to security concerns that exist there. However, the China-based... More of this article »
Mobile Device Ads Boost Twitter Ad Revenue
Twitter will reach close to $1 billion in revenue from advertising in 2014 thanks to a huge surge in advertising on mobile devices, according to new reports that were released late Wednesday. Mobile ads, said the report, will account... More of this article »
Dell Computer Receives more Bids for Takeover
Dell Inc, once the largest personal computer maker in the world, has received two more takeover bids that could be better than the original one received by Dell’s founder Michael Dell last month. The two bids that will compete with... More of this article »
Blackberry Launching Z10 in States
On Friday, smartphone maker Blackberry, known as Research in Motion until earlier this year, will be launching their new generation smartphone in the U.S. The launch of two new smartphones is the Canadian based company’s last effort... More of this article »
HTC Delays Release of Latest Smartphone
HTC, the Taiwan based smartphone maker, has delayed the release of its latest smartphone due to a sourcing problem with components. With the HTC One now not launching on time, additional pressure is being place on CEO Peter Chou to... More of this article »
Mexico Supreme Court Rules against Apple
The Mexico Supreme Court ruled in favor of a technology services firm upholding a lower court ruling that said the company owns the brand name Ifone and has the right to use it in the country. The small company now hopes to receive... More of this article »
Samsung Spends Much More in Advertising than its Competitors
New data just released this week shows that Samsung spent more than $400 million on billboard, internet, television and print advertising in 2012. The electronics giant, based in South Korea, passed both Apple its biggest rival and... More of this article »
Apple’s iPhone Increased U.S. Market Share
Apple is on the way up in the U.S., while Blackberry, Windows and Samsung are headed down. Apple led the way for smartphone sales in the U.S. during a three-month period from November of last year through the end of January of this... More of this article »
Google: More Jobs Cuts for Motorola Mobility
Google, the Internet search giant has announced that its unprofitable Motorola Mobility unit continues to struggle in its attempt to compete with the world’s smartphone makers. Google said that up to 1,200 jobs would be cut from... More of this article »
MasterPass unveiled in Barcelona by MasterCard
At the Barcelona Mobile World Congress on Monday, MasterCard announced its entrance into the mobile payment market. The new unveiling has been awaited for some time and MasterPass was finally made public for the first time today. The... More of this article »
Profit Down at Hewlett Packard but Stock Increases
The quarterly revenue and profit at Hewlett-Packard continued its familiar trajectory downward on Thursday, but the earnings report sent the company stock in the opposite direction: up. The net income for the tech company based in... More of this article »
Blackberry Dealt Blow by Home Depot
Canadian smartphone maker Blackberry, which is currently changing its legal name from Research In Motion, received bad news from Home Depot on Monday. The huge U.S. home improvement retailer announced it would replace Blackberry smartphones... More of this article »
Sony Posts another Quarterly Loss
Sony Corp, the Tokyo based electronics firm announced on Thursday that it had a loss for the latest quarter, which underscored the deep problems the company is facing. The report on earnings deflated the recent optimism that was reflected... More of this article »
Zynga Reports Losses Lower than Wall Street Estimates
The online game company, Zynga said late Tuesday that it narrowed its losses for the fourth quarter, even though revenue remained flat. The company was able to reduce its loss from the same period a year ago because it closed offices,... More of this article »
Profits for China’s Lenovo Beat Estimates
Computer maker Lenovo Group Ltd. based in China, is on its way to claiming the top spot in personal computer manufacturing in the world. The company also reported a record profit for its recently ended third quarter. The profit was... More of this article »
Apple No Longer World’s Most Valuable Business
Apple sat atop the list of most valuable companies in the world for 12 months, but has been overtaken by Exxon Mobile. Apple stock has lost 17% of its value since the start of 2013 and over 37% since it became the highest valued company... More of this article »
Apple Stock Plummets After Sales Miss Analysts Estimates
For many Wall Street analysts the phenomenal growth of the iPhone might be near its end, as sales for the smartphone missed their mark of 50 million for the year’s fourth quarter that was set by Wall Street. The announcement by Apple... More of this article »
Google Reports Record Annual Revenues
Google reported its revenues for the fourth quarter at $14.43 billion, which was up 36% for the same period one year ago. The quarterly revenues brought the annual revenue for the Internet search giant to more than $50 billion. It... More of this article »
Verizon Reports loss of $1.93 Billion
Verizon Communications the telecommunications group from the United States posted a quarterly loss of $1.93 billion on charges related to Hurricane Sandy and pension liabilities that took much of the shine off an increase in revenue... More of this article »
Huawei Would Consider Going Public
Chinese telecommunications equipment maker Huawei Technologies has announced it would consider offering potential investors an initial public offering after posting sales that would likely pass those of rival Ericsson. For the company... More of this article »
eBay Says 2012 was its best Year
Internet commerce is becoming more and more common and eBay, the e-commerce pioneer, says that it enjoyed its best year to date in 2012. The company said shoppers flocked to its site in search of bargains and used its payment service,... More of this article »
CEO of HP Earned over $15 Million during 2012
Computer and printer manufacturer Hewlett-Packard, based in Palo Alto, California gave its CEO Margaret Whitman close to $15.4 million in compensation for her first full year as the CEO of the company, even though HP reported a huge... More of this article »
Profits Fall at Taiwan Smartphone Maker HTC
HTC announced a drop in net profits for the fifth straight quarter. The quarterly drop in profits fell to the lowest it has been in nearly 7 years. Analysts said that the first quarter during 2013 would also be challenging for the... More of this article »
Blackberry Maker Sees Stock Drop
Research In Motion, the Canadian based manufacturer of the Blackberry smartphone, announced a decision to end certain service fees for users, which threatens its most profitable income source. Following the announcement, RIM stock... More of this article »
New Smartphone Being Designed by Motorola and Google
Engineers from Motorola have been hard at work trying to complete the design of a new and sophisticated mobile handset that inside the company is known simply as “X Phone.” Nevertheless, the new unit recently purchased by Google... More of this article »
Foxconn Invests $200 Million in GoPro
Manufacturing giant Foxconn from Taiwan, which is best known for all the contract manufacturing they perform for Apple products has announced it will purchase a stake worth 9%in GoPro, a camera maker that had been an industry buzz. The... More of this article »
Nielsen to Acquire Radio Ratings Arbitron
The way of measuring ratings is now a bit smaller. Nielsen has measured ratings for television for a number of decades and announced it has now acquired Arbitron, the giant in radio ratings in a deal estimated to be worth over $1.26... More of this article »