RIM Shares Set New Low Despite E-Mail Outage Fix Plan
Shares of BlackBerry developer Research in Motion set a new 52-week low despite the company’s renewed pledge to fix its network that caused a three-day October e-mail glitch.
Ex-Akamai President Says Won’t Be Yahoo CEO
Akamai Technologies President David Kenny, who quit last week, said he has no plans to become the next CEO of Yahoo.
Who are the Top 10 Women in U.S. Technology?
Nobody would ask who the top five men are in U.S. technology because their ranks fill the executive suites at Intel, Apple, Texas Instruments, Google, Microsoft, Nvidia, Motorola Mobility. But finding the women is harder because there are fewer, especially at the CEO level, where they can really influence the company and the industry.
MF Global’s Fall: New York Fatality to Euro Crisis
The bankruptcy of New York-based MF Global Holdings brought the European debt crisis to New York, wiping out a respected firm and tarnishing the reputation of a former Goldman Sachs CEO.
Yahoo Shares Plunge After Yang Suggests No Sale Coming
Shares of Yahoo slipped nearly 7 percent in early Monday trading as services reported management may reward shareholders with a special dividend. Many had been hoping for a sale.
HP Shares Jump After Upgrade; New CEO Opts for PCs
Shares of Hewlett-Packard rose about 3.5 percent Friday after the No. 1 maker of PCs decided not to drop out of the business. Separately, Fitch said the decision favorably affected its credit rating.
RIM Shares Keep Falling After PlayBook Delay; Fuel for Jaguar and Other Hostile Bidders?
Shares of BlackBerry developer Research in Motion fell 1.4 percent Friday after the company again delayed its PlayBook software upgrade to February.
HP Shares Climb After Whitman Opts to Keep PCs
Shares of Hewlett-Packard rose about 3 percent Friday after the No. 1 maker of PCs decided not to drop out of the business.
Euro Crisis: U.S. Tech Vendors Mostly Dodged Bullets
Now that most U.S. technology companies have reported quarterly results, the upshot is that they largely dodged any bullets from the European economic crisis.
HP Decides to Keep PC Division, Reversing Last CEO
Hewlett-Packard will remain the world’s No. 1 PC maker. The company decided not to spin off its Personal Systems Group after all.
Google vs. Groupon: Changes Come Before IPO
Days before Groupon’s expected IPO, Google introduced major changes to its Google Offers to make it a bigger juggernaut in the daily deals market.
Akamai President Quits; Is He Next Yahoo CEO?
Akamai Technologies President David Kenny quit as the company reported a 6.5 percent gain in net profit, leading to speculation he may be tapped as Yahoo’s next CEO.
IBM High-Power Analyzer Helps Carrier Detect Glitches
IBM’s Netezza unit introduced a high-powered analytics accelerator intended to help wireless carriers solve crucial network management glitches.
Sprint Says May Need $7 Billion to Finance iPhone Sales
Sprint-Nextel, the No. 3 wireless carrier, acknowledged that selling Apple iPhones may be a costly bet: the carrier said it may require as much as $7 billion to help pay Apple for them.
Why Washington Wants to Prevent AT&T from Expanding: The Numbers Update
Why does Washington seek to bar the $39 billion takeover of No. 4 wireless carrier T-Mobile USA by No. 1 carrier AT&T? The numbers tell the story.
Amazon Share Fall Costs CEO Bezos $2 Billion
Shares of Amazon.com, the world’s biggest e-retailer, plunged 12 percent in the first hour of trading, wiping out $9 billion in value, after the company reported disappointing third-quarter results.
Amazon Share Plunge Wipes Out $9 Billion in Value
Shares of Amazon.com, the world’s biggest e-retailer, plunged 12 percent in pre-market trading, wiping out $9 billion in value, after the company reported disappointing third-quarter results.
IBM’s Palmisano Retires; Rometty to be First Woman CEO
IBM said it elected Virginia Rometty as president and CEO, succeeding Samuel Palmisano, 60, who will retire after 10 years in the post. Rometty will become the first woman in 101 years to lead IBM.
Apple’s Cash Pile: Making You Pay More for ‘Insanity’
Apple now may have more cash and securities available than any other company, at least $81.5 billion at the end of its fourth quarter ended Sept. 24.
Judge in AT&T Case Hits Sprint in T-Mobile Suit
The federal judge overseeing the U.S. Justice Department’s effort to bar AT&T’s $39 billion takeover of T-Mobile USA handed rival Sprint-Nextel a major defeat.
Netflix Shares Plunge Wipes Out $2 Billion in Value
Shares of entertainment provider Netflix plunged 35 percent after the company reported 810,000 subscribers had fled and expectations of a 2012 loss.
Netflix Shares Plunge 35 Percent as Subscribers Flee
Shares of entertainment provider Netflix plunged 35 percent even before the market opened Tuesday after the company reported 810,000 subscribers had fled and said it expects to record a loss in 2012.
Kodak May Seek $900 Million Cash to Keep Going
Eastman Kodak, the ailing imaging giant, met with hedge funds including Cerberus Capital and Silverpoint to raise as much as $900 million in bridge financing.
Latest Icahn Target: WebMD, Takes 8 Percent Stake
Shares of WebMD surged nearly 9 percent after activist investor Carl Icahn reported acquiring an 8 percent stake in the New York-based medical website.
Oracle’s Cloud Takeover: RightNow Technologies for $1.5 Billion
Oracle, the world’s biggest database company, said it will spend $1.5 billion to acquire RightNow Technologies to extends its cloud-based customer service offerings. The move looks intended to compete against Salesforce.com and other rivals.
Why Washington Wants to Bar the AT&T-T-Mobile Bid
Do the math: if AT&T is allowed to buy T-Mobile, it would become a monolithic provider in a period when competition should be free.
Apple Earnings Miss Wipes Out $22 Billion; Leaves it No. 2
Apple shares lost 5.6 percent of their value Wednesday after narrowly missing analyst estimates for fourth quarter earnings.
AT&T Asks Antitrust Suit Judge for Sprint Records
AT&T has asked the federal judge controlling the government’s suit to bar its takeover of T-Mobile USA for access to records of rival Sprint-Nextel. Sprint filed its own motion seeking to deny it.
Apple Shares Drop 4 Percent After Earnings Miss
Apple shares opened down about 4.3 percent after the world’s most valuable company reported fourth-quarter results that narrowly missed analyst estimates.
Apple’s Report: Annual Revenue Tops $108 Billion
Apple reported full-year revenue of $108 billion, firmly establishing it as one of the world’s top technology companies. Fourth-quarter earnings of $6.2 billion exceeded analyst estimates, but revenue of $28.3 billion fell slightly shy of them.
