NEW YORK— New Yorkers may soon be able to count calories burned and miles traveled while pedaling Citi Bikes, the popular bicycle-sharing program with a troubled history that is undergoing a major overhaul under new leadership. The new CEO of the Brooklyn- based company that owns Citi Bike says a revamped smartphone app will soon offer such detailed fitness...» Read More
These are blow-out numbers for RIM's third quarter no matter how you slice and dice them. And you thought Oracle's good news yesterday was something. This is something else entirely. Research in Motion posts 65 cents a share in earnings per share.
ThinkSecret is no more, thanks to a settlement with Apple Inc. over misappropriation of trade secrets that dogged the Apple rumor site for the past two years. Apple took the unusual step of going after the "little web site that could" after it started posting lots of insider knowledge about upcoming Apple products.
NetSuite began trading on the Nasdaq Thursday after its initial public offering. Chief Executive Zach Nelson told CNBC that the business-management software company is positioned "in the right place and the right time in the marketplace."
These are heady times for RIMM, even though shares have suffered a precipitous decline since their highs in November; a bigger decline than Google, Amazon, Apple and so many others, off about 30 percent from those highs in early November, following a better-than-30 percent gain during the previous three months.
Oracle said that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.
Oracle's second quarter financials are stunning by just about every measure. Everyone I had spoken to leading up to these numbers knew the news was going to be good, but no one expected the news to be this good.
I hope you had a chance to read my 8 for '08 blog predictions. Here now is what I've done for the TV side of CNBC, in using the ole 'crystal ball. A couple of them you'll find similar, but there are plenty that are different. Enjoy!
Talk about a tale of two companies: The market's punishment on Palm was swift and harsh and it comes just a day ahead of what should be decidedly better news from another smart phone maker, Research in Motion.
I love "teardown" stories. Not the kind that builds a story subject up, then tears it down, but the lab guys who rip apart new devices, study component serial numbers and tell me what's in the guts of the product. Today's version comes courtesy of the wizards at iSuppli, and the center of attention is Apple's iPod Touch.
Palm released its second-quarter earnings and the news looks to be as dire as investors had feared. ... The disappointing news is somewhat surprising since it was just a couple of weeks ago that Palm revised its own guidance lower. It would appear these numbers today miss even Palm's own internal guidance.
NetSuite, a software maker majority-owned by Oracle Chief Executive Larry Ellison, Tuesday raised the proceeds it expects from its initial public offering, which is due later this week.
Oracle Corp. will release its second quarter earnings on Wednesday and there's a healthy amount of optimism swirling around these shares. But the stock really hasn't reacted much leading some analysts to wonder whether the company is poised for some kind of break-out, even though CEO Larry Ellison's massive selling streak, started in September, continues.
Shares of Desktop publishing software maker Adobe Systems rose nearly four percent Tuesday after fiscal fourth-quarter results and its forecast for fiscal 2008 both topped Wall Street's expectations
Desktop publishing software maker Adobe Systems said Monday its fiscal fourth-quarter profit and sales rose to beat Wall Street's expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
Software maker CA said on Monday it expects to report fiscal-year 2008 profit before items of $1.06 to $1.10 per share.
Look at Palm's stock and it's almost as if investors are ready to wash their hands of the downtrodden handset maker. Talk about a fall from grace: this is the company that virtually invented the smart wireless device, and today, courtesy of siliconalleyinsider, a shocking realization that the company's stock is worth less than its balance sheet.
Portuguese company Microsoft Lda. plans to put its brand name and business up for sale on online auction site eBay on Wednesday with a starting price of $1 million, its chief executive, Ricardo Carvalho, said on Monday.
With Apple Inc. touching a new, all-time high today on its way to $200 a share, and Hewlett-Packard raising estimates for 2008, there's word that troubles in Hollywood could mean big-time opportunity in Silicon Valley.
I was talking to one of our assistant managing editors today and asked him a question: how much is Oprah worth? His response? "I don't keep that data top of mind; I'll have to Google it." A few clicks of the keys and there it was. It's almost as if we've off-loaded a bunch of material we used to keep in our heads, and now we store it on the web, using Google as a way to keep all that data handy.
As part of CNBC's Outlook '08 coverage, here are my eight predictions in technology for 2008. At the end of next year, we'll look back on how well I did: just don't hold my feet to the fire too closely!! Before going forward, here's a quick look back. Tech set the tone for 2007 and became a safe-haven of sorts for so many investors fleeing the financial meltdown on Wall Street and Main Street.
Matt Hunter is the senior technology editor at CNBC.com.
Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.
Activism will change over time, but investors expressing ideas and helping to create value is not a fad, Keith Meister said.
Brian White of Cantor Fitzgerald says that he wouldn't be surprised if Apple saw more watch additions sold in China than anywhere else.
Users almost universally hailed Apple's flagship wearable as a transformative moment in mobile tech. But do you need to run out and buy one? Maybe not.