Pandora Media Shares Plunge 21% On Rumored Apple Rivalry
Shares of online radio broadcaster Pandora Media Inc. (NYSE: P) plunged nearly 21 percent on reports that Apple (Nasdaq: AAPL), the world's most valuable technology company, would launch a competitive service as early as next quarter.
Want To Hail A New York Taxi With Uber? Not Until February, City Says
Uber Technologies, the private developer of a smartphone app that matches cabdrivers with passengers, drove over a gigantic pothole when it tried to launch in New York City this week: the venerable Taxi and Limousine Commission.
Apple Shares Set Record Highs Ahead Of iPhone Intro
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, set new record highs Friday ahead of next Wednesday’s announcement of a new member of the iPhone family, perhaps the iPhone 5.
Google Shares Hit $700 For 5-Year High [HOLD for David Z…don’t move]
Shares of Google (Nasdaq: GOOG), the No. 1 search engine and maker of Motorola phones, set an all-time record high of $700, slightly more than eight years after the Mountain View, Calif.’s initial public offering that raised $1.67 billion.
Amazon Debuts Kindle Fire Upgrades, “Paperwhite”e-Reader
Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, announced a new model of its Kindle Fire tablet, priced at $159 and available Sept. 14, as well as a new version of its e-reader dubbed Paperwhite, priced at $179 and $119.
Samsung: Facing Same China Abuse Charges As Apple, Can It Also Emerge Unscathed?
Samsung Electronics (Seoul: 005930) said shipments of its latest-version Galaxy S3 smartphone exceed 20 million, only six weeks after passing the 10 million mark. But a labor group asserted they're made in China under abusive conditions
Samsung Says 10M Galaxy S3s Sold In Only 6 Weeks
Samsung Electronics (Seoul: 005930) said shipments of its latest-version Galaxy S3 smartphone exceed 20 million, only six weeks after passing the 10 million mark. The announcement cements the South Korean electronics giant’s lead as the No. 1 seller in the Android OS sector.
Kindle Fire, Round 2: Amazon Prepares To Launch Again Into Lower-Cost Tablet Mob
Ten months after betting the company on the success of the Kindle Fire, Amazon.com Inc. (Nasdaq: AMZN) CEO Jeff Bezos plans to redouble his effort Thursday when he displays its successor as well as new members of the Kindle e-reader line in California.
Google Introduces Three Motorola Razr Phones Ahead Of Apple Units
Google (Nasdaq: GOOG), the No. 1 search engine, which now owns the Motorola brand, refreshed its product line with three new members of the Razr brand line in a bid to recapture past success. They’re the first major new lines since Google completed the $12.5 billion acquisition of the former Motorola Mobility in May.
Nokia Debuts 2 Windows-based Lumias But Shares Plunge 13%
Despite taking the wraps off its anticipated Lumia smartphones using the new Windows 8 from Microsoft (Nasdaq: MSFT), the world's biggest software company, Nokia’s shares plunged 11 percent after CEO Stephen Elop claimed, “We need to succeed with this and take it to the next step.”
Facebook Firewall: No-Sell Pledge By Zuckerberg Boost Shares
A firewall set up late Tuesday by Facebook (Nasdaq: FB), the No. 1 social networking site, appears to be holding: shares rose 45 cents to $18.17 in early Wednesday after CEO Mark Zuckerberg promised not to sell any more shares for at least a year.
Hackers Hit Apple, Publish Data From 1M Customers
AntiSec, a hacker group which claims to be an offshoot of the notorious Lulzsec and Anonymous groups, published a database of a million devices identifiers from Apple (Nasdaq: AAPL), the world's most valuable company.
Samsung Galaxy S3 August Sales Surpassed iPhone 4S, Analyst Notes
Sales of the Galaxy S3 from Samsung Electronics (Seoul: 005930)in August surpassed those for the I Phone 4S in the U.S. for the first time, said analyst T. Michael Walkley, of Cannacord Genuity.
Nokia Bets The Company: New Windows 8 Phones Key To Recovery
Ailing Finnish smartphone maker Nokia Oyj (NYSE: NOK) is betting the company that two new Lumia smartphones based on the new Windows 8 OS from Microsoft (Nasdaq: MSFT), the world's biggest software company, will be international hits.
Facebook Shares Keep Falling, Set New Record Lows
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, went into a freefall Tuesday, plunging about 2.5 percent to keep setting new lows. After falling as low as $17.58 in late morning, they recovered slightly to $17.63, down 43 cents, after the first two hours of trading.
China Will Become No. 1 Smartphone Market In 2012: IDC
The world’s most populous country will become its biggest smartphone market by year-end, market researcher IDC estimates. It may account for 26.5 percent of all shipments compared with only 17.8 percent for the U.S.
Technology Focus: Who Benefits From Big Data? Big Guns IBM, Oracle, HP, EMC
You don’t have to be a genius to determine that in a world of petabytes of data, projected 2012 sales of 367.2 million PCs, 107.4 million tablets and 650 million smartphones, a few smart companies are going to prosper: HP (NYSE: HPQ), IBM (NYSE: IBM), Oracle (Nasdaq: ORCL) and EMC.(NYSE: EMC).
IBM To Offer Cloud TV Services To Philips Customers
International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, said it will start providing services in the cloud for consumer electronics makers, starting with Dutch giant Philips Electronics (NYSE: PHG).
Workday, PeopleSoft Founder?s 2nd Try, Sets $400M IPO
Workday, the human-resource software company started by PeopleSoft founder David Duffield, filed for a $400 million initial public offering sometime later this year.
HP Sets New Low, Week After Posting Biggest-Ever Loss
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer company, set a new 52-week low of $16.77 on Thursday, after posting a record third-quarter loss last week and reducing earnings estimates for the current quarter.
Google, Apple CEOs Try To Mediate Patent Disputes: Report
Patent resolution talks have been conducted by Apple (Nasdaq: AAPL) CEO Tim Cook and Google (Nasdaq: CEO) Larry Page and may continue, Reuters reported.
HP Unveils New Tablet, A Year Post-TouchPad Fiasco
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, announced its first tablet a year after withdrawing the TouchPad after it bombed with consumers.
Zuckerberg Pal Moskovitz Sells More Facebook Shares
Dustin Moskovitz, the Facebook (Nasdaq: FB) co-founder, sold 450,000 more shares this week to raise about $8.9 million, a week after he sold his first tranche of 450,000 shares when the lock-up period for insiders expired.
Cloud Computing? Relates To Weather, Citrix Survey Finds
Americans have no idea what cloud computing is, with many believing it relates to the weather, or even pillows, drugs and toilet paper, a new survey commissioned by enterprise software developer Citrix Systems Inc. (Nasdaq: CTXS) found.
Samsung Appeal On Apple Verdict? Not ‘Til Dec. 6, Judge Rules
Samsung Electronics (Seoul: 005930) may have lost a $1.05 billion judgment to Apple (Nasdaq: AAPL), the world's most valuable technology company, but it’s won a temporary reprieve from the judge on product bans and other retaliatory measures.
Yelp Shares Soar 25% As Lockup Expires Contra Facebook’s Huge Decline
Shares of Yelp Inc. (Nasdaq: YELP), the provider of online reviews of local businesses and restaurants, surged more than 25 percent Wednesday as the lock-up period for insiders expired, allowing them to sell stock in the San Francisco-based company for the first time since its march 1 initial public offering.
Another Zynga Exec Quits After ‘Soul-Searching’
Mike Verdu, chief creative officer of Zynga Inc. (Nasdaq: ZNGA) quit the San Francisco-based electronic gaming website , becoming the fifth top official to depart in August.
KKR May Invest More Than $1B In Japan’s Renesas Electronics
Legendary private equity investor Kohlberg Kravis Roberts (NYSE: KKR) may seek to acquire control of Japan’s Renesas Electronics (Tokyo: 6723) for a 100 million yen (US $1.27 billion) investment, which would be its largest in Japan, financial news agencies reported.
IDC Shaves PC Forecast To Below 1% After HP, Dell Report Poor Results
IDC revised its forecast for this year’s PC sales gains to only 0.9 percent, after the top U.S. giants, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), reported lower PC sales for their latest financial quarters. By contrast, tablet sales, headed by the iPad from Apple (Nasdaq:M AAPL) should surge 54 percent.
Lexmark To Exit Inkjet Printer Unit, Fire 1,700; Shares Soar 20%
Printer specialist Lexmark International Inc. (NYSE: LXK) said it will fire 1,700 employees, mainly in the Philippines, as part of strategy to exit its aging inkjet printer business. The move came after the company reported lower income and revenue, industry experts forecast lower PC sales as well as competition from No. 1 printer maker Hewlett-Packard (NYSE: HPQ).
