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Analyst claims BlackBerry is doomed
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As the argument that BlackBerry is in trouble has been circulating for a year, finally some empirical evidence has surfaced. Enterprise communications, which are BlackBerry’s niche in the cellular market, are turning market share over to Apple and Google Android products. If this trend continues, BlackBerry could be purchased by Microsoft, in a strategic move for market share. More at Cellular-news.com, 8/30/10: (Article posted on 9/7/2010)
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Reasons that Infineon is being bought by Intel
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Intel is strategically purchasing Infineon’s wireless products division for two reasons: to cosy-up to Microsoft and to screw over Apple. Apple has recently been ignoring Intel in its new product releases such as the iPhone and iPad, by using its own proprietary chips. The marriage of Intel and Infineon will bring 4G cellular data connectivity to Intel’s products, a feature that will benefit Microsoft and compete with Apple. More at Fastcompany.com, 8/30/10: (Article posted on 9/7/2010)
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Cisco attempts to acquire Skype
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There are rumors circulating that Cisco may have made an offer to purchase Skype before their IPO. The IPO was expected to drop for about $5 billion, so this purchase would probably be in the same range. As of yet, these rumors have not been confirmed. Read more at Techcrunch.com, 8/29/10: (Article posted on 9/7/2010)
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Musical Chairs- Digg/Amazon
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After several months of searching, Digg, a social news site, has announced that it is naming Matt Williams, former Amazon executive, as its CEO. Matt has been with Amazon for 11 years and was most recently the general manager for consumer payments. He will take over the helm as Digg tries to launch its controversial new platform. More at Cnet.com, 8/31/10: (Article posted on 9/7/2010)
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Earnings Reports- Microsoft, Yahoo, eBay, Apple, AMD
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Microsoft
The software maker said on Thursday that it earned $4.01 billion, or 45 cents per share for the quarter, on revenue of $14.5 billion for the three months ended March 31. That revenue figure excludes $305 million in Office sales that Microsoft is deferring because of a technology guarantee program that guarantees those now buying Office a free upgrade to Office 2010 when it ships in June. More at Cnet.com, 4/22/10:
http://news.cnet.com/8301-13860_3-20003205-56.html?tag=newsEditorsPicksArea.0
Yahoo
Yahoo earnings soared during its first quarter on the back of an advertising revival, cost cuts, and the realization of its search deal with Microsoft. Revenue in the first quarter was $1.6 billion, up just 1 percent from the first quarter of last year. Excluding traffic acquisition costs, net revenue was $1.13 billion, or roughly flat with analyst expectations of $1.17 billion. Revenue from display advertising on Yahoo's site grew 20 percent compared to the prior year. More at Cnet.com, 4/20/10:
http://news.cnet.com/8301-30684_3-20002966-265.html?tag=newsEditorsPicksArea.0
eBay
EBay Inc. had its biggest drop in more than a year in Nasdaq trading after its profit forecast missed estimates, a sign CEO John Donahoe is struggling to stop the loss of customers to Amazon.com. Second-quarter profit will be 37 cents to 39 cents a share, excluding one-time items, the San Jose, California-based company said yesterday in a statement. Analysts in a Bloomberg survey had estimated 40 cents on average. More at Businessweek.com, 4/26/10:
http://www.businessweek.com/news/2010-04-22/ebay-declines-as-turnaround-effort-falls-short-of-expectations.html
Apple
Apple reported a 90 percent jump in profits for its second fiscal quarter along with a 131 percent jump in iPhone sales and a 33 percent jump in Mac sales from a year earlier. The results do not reflect strong Apple iPad sales, which began as the second quarter ended. CEO Steve Jobs said more "extraordinary products" are expected this year. Apple stock is riding high after the company announced financial results for its fiscal 2010 second quarter on Tuesday. Apple stock broke the NASDAQ trading record after it nearly doubled its profit in the quarter. More at Newsfactor.com, 4/21/10:
http://www.newsfactor.com/story.xhtml?story_id=111006FFPYXI&nl=2
AMD
AMD's CEO Dirk Meyer is pleased with his company's first-quarter numbers, saying he's optimistic that the recent jump in personal computer shipments is a trend that will hold through the rest of the year. AMD said after the market closed Thursday that it earned $257 million, or 35 cents per share in the first quarter. In the same period last year AMD lost $416 million, or 66 cents per share. AMD Inc. returned to profitability in the first quarter as the world's No. 2 microprocessor maker benefited from a strengthening computer market. More at Newsfactor.com, 4/19/10:
http://www.newsfactor.com/story.xhtml?story_id=103003BD42RB&nl=2&full_skip=1
(Article posted on 4/26/2010)
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CloudHopper acquired by Twitter
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Twitter announced Friday that it's made another small acquisition: Cloudhopper, a start-up that makes it easier to connect to mobile text-messaging carrier services around the world. The two founders of Cloudhopper, which had already been partnering with Twitter, will join the company full time. This is key for Twitter as the company attempts to make inroads in communities where cellular data access and smartphones like the iPhone and BlackBerry are less common. More at Cnet.com, 4/23/10 (Article posted on 4/26/2010)
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usical Chairs- MySpace
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Well-known tech entrepreneurs and twin brothers Ali and Hadi Partovi are leaving MySpace, in a high-profile departure for the struggling social-networking company.
Internal memos about the executive change were sent around to staff Tuesday afternoon. "Hey everybody, it's been super tough staying quiet about (this) news at the request of our execs," said Hadi Partovi, in an internal memo. "I know some of you are very surprised about this, and I want to apologize for not having had the option to brief you personally in advance." Ali will stay on as an advisor to MySpace, while Hadi will leave the company entirely. More at CNet.com, 4/20/10: (Article posted on 4/26/2010)
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CloudHopper acquired by Twitter
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Twitter announced Friday that it's made another small acquisition: Cloudhopper, a start-up that makes it easier to connect to mobile text-messaging carrier services around the world. The two founders of Cloudhopper, which had already been partnering with Twitter, will join the company full time. This is key for Twitter as the company attempts to make inroads in communities where cellular data access and smartphones like the iPhone and BlackBerry are less common. More at Cnet.com, 4/23/10 (Article posted on 4/26/2010)
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Earnings Reports- Microsoft, Yahoo, eBay, Apple, AMD
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Microsoft
The software maker said on Thursday that it earned $4.01 billion, or 45 cents per share for the quarter, on revenue of $14.5 billion for the three months ended March 31. That revenue figure excludes $305 million in Office sales that Microsoft is deferring because of a technology guarantee program that guarantees those now buying Office a free upgrade to Office 2010 when it ships in June. More at Cnet.com, 4/22/10:
http://news.cnet.com/8301-13860_3-20003205-56.html?tag=newsEditorsPicksArea.0
Yahoo
Yahoo earnings soared during its first quarter on the back of an advertising revival, cost cuts, and the realization of its search deal with Microsoft. Revenue in the first quarter was $1.6 billion, up just 1 percent from the first quarter of last year. Excluding traffic acquisition costs, net revenue was $1.13 billion, or roughly flat with analyst expectations of $1.17 billion. Revenue from display advertising on Yahoo's site grew 20 percent compared to the prior year. More at Cnet.com, 4/20/10:
http://news.cnet.com/8301-30684_3-20002966-265.html?tag=newsEditorsPicksArea.0
eBay
EBay Inc. had its biggest drop in more than a year in Nasdaq trading after its profit forecast missed estimates, a sign CEO John Donahoe is struggling to stop the loss of customers to Amazon.com. Second-quarter profit will be 37 cents to 39 cents a share, excluding one-time items, the San Jose, California-based company said yesterday in a statement. Analysts in a Bloomberg survey had estimated 40 cents on average. More at Businessweek.com, 4/26/10:
http://www.businessweek.com/news/2010-04-22/ebay-declines-as-turnaround-effort-falls-short-of-expectations.html
Apple
Apple reported a 90 percent jump in profits for its second fiscal quarter along with a 131 percent jump in iPhone sales and a 33 percent jump in Mac sales from a year earlier. The results do not reflect strong Apple iPad sales, which began as the second quarter ended. CEO Steve Jobs said more "extraordinary products" are expected this year. Apple stock is riding high after the company announced financial results for its fiscal 2010 second quarter on Tuesday. Apple stock broke the NASDAQ trading record after it nearly doubled its profit in the quarter. More at Newsfactor.com, 4/21/10:
http://www.newsfactor.com/story.xhtml?story_id=111006FFPYXI&nl=2
AMD
AMD's CEO Dirk Meyer is pleased with his company's first-quarter numbers, saying he's optimistic that the recent jump in personal computer shipments is a trend that will hold through the rest of the year. AMD said after the market closed Thursday that it earned $257 million, or 35 cents per share in the first quarter. In the same period last year AMD lost $416 million, or 66 cents per share. AMD Inc. returned to profitability in the first quarter as the world's No. 2 microprocessor maker benefited from a strengthening computer market. More at Newsfactor.com, 4/19/10:
http://www.newsfactor.com/story.xhtml?story_id=103003BD42RB&nl=2&full_skip=1
(Article posted on 4/26/2010)
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Musical Chairs- MySpace
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Well-known tech entrepreneurs and twin brothers Ali and Hadi Partovi are leaving MySpace, in a high-profile departure for the struggling social-networking company.
Internal memos about the executive change were sent around to staff Tuesday afternoon. "Hey everybody, it's been super tough staying quiet about (this) news at the request of our execs," said Hadi Partovi, in an internal memo. "I know some of you are very surprised about this, and I want to apologize for not having had the option to brief you personally in advance." Ali will stay on as an advisor to MySpace, while Hadi will leave the company entirely. More at CNet.com, 4/20/10: (Article posted on 4/26/2010)
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