Peregrine Semiconductor Shares Jump 7% In IPO, Reversing Facebook Jinx
Shares of Peregrine Semiconductor Corp. (Nasdaq: PSMI) jumped 7 percent to $15 a share as they started trading the first time as a public company. Peregrine becomes the third technology initial public offering in a month to rise at the opening of trade, jn contrast to the May 18 IPO of Facebook (Nasdaq: FB), the No. 1 social networking site.
HP Boosts Earnings Estimates After Firings Start
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
Starbucks Puts Its Bucks In Square To Bolster Mobile Payments
Starbucks (Nasdaq: SBUX), the No. 1 chain of coffee shops, said it had invested $25 million in Square, the start-up specialist in mobile payments, which values the company at $3.25 billion.
Peregrine Semiconductor Resumes Tech IPO Parade After Facebook's Fiasco
Peregrine Semiconductor, which has sold more than a billion high-frequency chips to the mobile industry in the past five years, raised $77 million in its IPO on Tuesday and plans to start trading Wednesday, the latest technology IPO since the Facebook fiasco.
Apple’s $350M AuthenTec Deal Could Trigger Samsung Counteroffer
Nearly two weeks after AuthenTec Inc. (Nasdaq: AUTH) advised the U.S. Securities and Exchange Commission it had agreed to be acquired by Apple (Nasdaq: AAPL), the world's most valuable technology company, for $350 million, Apple still hasn’t made an announcement nor filed its own SEC report.
Amazon Launches Semester Textbook Rental Service To Battle Barnes & Noble
Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, said it will start renting textbooks to college students for a semester. At the end of the term, they can ship books back for free.
Lenovo Debuts Ultralight Notebook, ThinkPad X1 Carbon
China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, introduced its lightest laptop, the 3-pound ThinkPad X1, its latest entrant in the ultralight market. The 14-inch laptop with battery life up to eight hours will be shipped later in August.
Facebook Opens UK Online Gambling And Bingo Service
Facebook (Nasdaq: FB), the No. 1 social networking site, said it has started to offer UK users over 18 the chance to play online bingo and slots for cash. For now, the Menlo Park, Calif., company is barred from offering gambling in the U.S.
HP’s Whitman: Could She Be Romney Dark Horse VP Pick?
Presumptive Republican presidential nominee Mitt Romney has been winnowing his picks for Vice President in private, with most handicappers suggesting nominees who’ve held public office. How about Margaret (Meg) Whitman, CEO of Hewlett-Packard Co. (NYSE: HPQ), one of his fondest supporters?
LinkedIn Soars As Facebook Shares Near 50% Loss: Social Media Diverge
Shares of Facebook (Nasdaq: FB) rose more than 3 percent Monday, trading at midday at $21.81, up 72 cents. But they’re still nearly 50 percent below the $38 set at their May 17 initial public offering.
Curiosity On Mars: More Than Intel Inside
Investors may not know that many of their technology companies played a huge part in the system design, software, features and functions. They include Intel Corp. (Nasdaq: INTC), Siemens Corp. (NYSE: SI) and General Dynamics Corp. (NYSE: GD).
Technology Focus: Hedging Bets In High Tech For Yahoo, AOL, HP
Internet users and investors were heartened last week when Yahoo (Nasdaq: YHOO), elected Marissa Mayer, 37, as its third CEO in less than a year. A hedge fund gets part of the credit but not all hedge funds score as well in the tech sector: how about Eastman Kodak (Pink: EKDKQ)?
Facebook IPO Jinx Falls: Palo Alto, Kayak Soar
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.
Xerox Surprise: CEO Trims Earnings Forecast
The global slowdown may trim net income for Xerox Corp. (NYSE: XRX), the No. 1 provider of business printers and services. CEO Ursula Burns shaved her full-year forecast to a range between $1.07 and $1.12 a share from the previous $1.18.
Earnings Preview: Xerox 2Q Results To Decline
Chances are second-quarter results from Xerox Corp., the No. 1 copier maker that’s moved increasingly into services, will be a disappointment, keeping in line with the general technology sector.
New Yahoo Boss Could End Up With $100M Pay Package
New Yahoo (Nasdaq: YHOO) CEO Marissa Mayer could end up with compensation around $100 million if she meets certain goals the company disclosed.
Yahoo’s Mayer: Making First Moves At Turnaround
Now three days into running Yahoo (Nasdaq: YHOO), the No. 3 search engine, CEO Marissa Mayer has already telegraphed that change is coming. She appointed the first editors for Yahoo News and Yahoo Finance, two of the company’s most popular portals.
Nokia’s Challenge: Can It Wait for Windows 8?
Investors are betting that Finland’s Nokia (NYSE: NOK) can survive the smartphone wars, now that it’s gambled on Windows from Microsoft (Nasdaq: MSFT), the world's biggest software company.
Earnings Preview: Google, Microsoft On Tap To Report Record, Opposite Results
It’s the tale of two technology cities: Thursday should see two of the sectors giants, Microsoft (Nasdaq: MSFT), the world's biggest software company, and Google (Nasdaq: GOOG), the No. 1 search engine report record quarterly results.
IBM Boosts Full-Year Earnings Estimate To $14.40
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, boosted its full-year net earnings estimates to “at least” $14.40 a share from the previous estimate of $14.27.
After Facebook Fiasco, Tech IPOs Stage Comeback
Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are heading to market again.
Despite Poor Forecast, Intel Gets Investor Support
Despite warning that third-quarter revenue will be below expectations, shares of Intel (Nasdaq: INTC), the No. 1 chipmaker, rose more than 3 percent in Wednesday trading.
Earnings Preview: IBM’s 2Q Results May Prove Sound Execution Pays
Banking on software, services and cost controls, International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, is expected to report improved second-quarter earnings despite a decline in revenue.
If Intel Catches Cold, Does Tech Get Pneumonia?
Intel (Nasdaq: INTC), the No. 1 chipmaker, Tuesday reported decent second-quarter financials but spooked investors and Silicon Valley with the dreaded news: third-quarter sales will be worse than expected.
Cisco Acquires Virtuata, Cloud Security Startup
Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, said it had acquired private Virtuata, a two-year-old specialist in cloud computing and security.
Women CEOs: Two Yahoo CEOs Faced Separate Health Issues
After the formal announcement Monday that Marissa Mayer had been elected the new CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine, the new executive announced she was pregnant.
Memo To Mayer: 3 Points For A Better Yahoo
Now that you are starting as the third CEO of Yahoo (Nasdaq: YHOO) in a year, have a seat on the board of directors and are about to run your first company, here are a few things to keep in mind.
Earnings Preview: Intel?s 2Q News May Be The Forecast Amid Easing
When Intel (Nasdaq: INTC), the No. 1 chipmaker, reports second-quarter results after the market closes on Tuesday, the real numbers investors may await are those in the company's forecast rather than the actual results.
Google It: Yahoo Names Marissa Mayer As CEO
Yahoo (Nasdaq: YHOO), the No. 3 search engine, said it had elected Marissa Mayer, the first woman engineer at rival Google (Nasdaq: GOOG) as its third CEO in 10 months.
Microsoft Debuts Upgrade Of Office Line
Microsoft (Nasdaq: MSFT), the world's biggest software company, announced a revamp of its Office application, which is designed to operate with the company’s Windows 8 OS.
