Youssef Squali, Cantor Fitzgerald, digs into the problems with Twitter. "The company won't turn a profit until 2016," he says.» Read More
A day after former Brocade CEO Gregory Reyes was found guilty on all 10 securities fraud charges brought against him, dozens of Silicon Valley executives--and hundreds of executives nationwide--faced with the same allegations, will have to re-think their defense strategies. The sweeping verdict in the first-of-its-kind criminal case for the U.S. Justice Department sent a seismic ripple through this region yesterday.
Priceline.com shares soared Wednesday after the online U.S. travel agency turned in a stronger-than-expected earnings report and raised its forecast.
Online U.S. travel agency Priceline.com said on Tuesday its quarterly profit more than doubled on a surge in travel bookings, beating expectations and sending its shares up 10% in after-hours trading.
"Fake Jane," the wildly popular alter-evil-ego of Real Jane, has been the talk of the blogosphere. Haven't you heard? Ok, take my word for it, then. Fake Jane "tells it like it is." She has opined on a variety of important issues of the day, like the distastrous impact HD cameras will have on her career. Fake Jane has railed against the hiring of young women in TV news--any woman younger than she is. Which is a lot of women.
First things first: I'm disappointed. Fake Steve Jobs has been outed and I'm bummed about it. Some mysteries ought to just stay that way. Over the weekend, the New York Times' tech reporter Brad Stone outed Fake Steve as Forbes' Senior Editor Daniel Lyons. So now, as I read the blog, instead of hearing Steve Jobs' voice tell me the words, I hear someone else. Noise. A distraction. Something NOT Steve, but just another writer trying to be Steve. And that's a bummer.
AmieStreet, a digital music site that prices songs of new artists according to their popularity, said on Monday that Amazon.com is leading a first round of investment in the start-up.
Here we go again--when it comes to all the speculation swirling around whether Google will jump into the cell phone market, not with new software, but with a handset of its own. To wit, we've already reported the myriad possibilities and puzzle pieces pointing to a possible cell-phone market entry by the search giant
Call it the anti-mySpace/Fox deal, and Disney's Bob Iger might be crazy like a fox. Disney announced a strong quarter, but the bigger news is the company's acquisition of Club Penguin, an online social networking site targeted at 6 - 12 year olds.
In an interview with CNBC, Richard Parsons, chief executive of Time Warner, offered his views about the firm’s quarterly results, the likelihood of acquisitions, and his annoyance with the market.
Responding to widespread rumors on the Internet, Apple officials now confirm that the company will host a media event on Tuesday, Aug. 7 at the company's Cupertino, Calif. headquarters.
IAC/InterActive Corp reported its second quarter earnings today and net income was up 78%, but Wall Street wasn't impressed -- the jump was thanks solely to divestiture and lower acquisition costs. Looking only at continuing operations (excluding stock compensation and those divestiture costs), the quarter's earnings were 31 cents, a penny less than the year-ago quarter, and two cents less than the analyst consensus. Revenues grew six percent, less than analysts expected.
The news appeared dire: a web report of serious problems connected to Apple's iPhone and the stock gets whacked. No, that's not a story from today. That news harkened back to June 3 when the website engadget.com reported erroneously of an internal Apple memo purporting to show that iPhone's launch would be delayed six months.
The experts call the 700Mhz wireless spectrum the last piece of undeveloped beachfront real estate in cyberspace, and Google wants it. "I'll tell you, even at Google you can't make a $4.6 billion commitment without being serious," says Chris Sacca, Google's vice president who's spearheading the company's aggressive lobbying effort of the FCC to make sure its voice is heard in the upcoming auction of wireless spectrum.
Alibaba.com, China's largest e-commerce company, confirmed on Monday that it is making preparations for an initial public offering, as it seeks to raise capital to expand its international presence.
Cramer answers viewers' questions about how the credit markets affect the Transocean-GlobalSantaFe deal, why are the bears always the bad guys, and why it's important to schnitzel. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
While Wall Street weathers the market drop, Comic Con--the annual comic convention--is at a full roar in San Diego California. And the highlight to any true fanboy is the bit of information producer J.J. Abrams is releasing about his mysterious Paramount Pictures' movie. The trailer premiered right before "Transformers," a guaranteed blockbuster, with that obsessive young male audience, primed to get psyched for a big new idea--perhaps a big new monster. In a summer of sequels, this new movie looked fresh, and there was no title.
Chinese Web search company Baidu.com on Wednesday said its quarterly net profit grew 143 percent, reflecting market share gains in the world's second-largest Internet market. Its shares rose 22 percent.
Microsoft's top brass are hosting the company's Financial Analysts Meeting at company headquarters in Redmond, Washington today. I was going to be there as well, but at the last minute, changed plans for several reasons. And it was probably a good idea, at least for Microsoft.
In my earlier post, I talked about the Street's expectations for Google. Now, I'll focus on Apple. The company suffered much the same thing as Google, these past few months, when it came to the iPhone and the exuberant expectations around this product. We knew it was going to be big; important; game-changing; huge; fill-in-the-blank with the adjective of your choice.
Now that the major tech earnings parade has largely passed by, I have a chance to reflect on some bizarre developments swirling around both Google and Apple. This is the first of two blogs today, but I'll focus here on Google. It's interesting to note, that both companies are caught in a strange whirlpool of shifting euphoria, great expectations--and then punishing share-price brutality when performance doesn't match up with what the experts were looking for.