SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, Yusuf Mehdi, head of marketing and strategy for Microsoft's Xbox group said at an event in Shanghai on Wednesday. The Xbox One will be the first foreign-made console to be launched in China in 14 years after the government this year lifted a 2000 ban on gaming consoles.» Read More
You can't say the Federal Trade Commission made a snap decision when it approved Google's multi-billion dollar take-out of DoubleClick. Today's 4-1 vote in favor of the deal caps an eight-month investigation that ultimately found, the FTC says, no threat to the competitive landscape.
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.
Minireviews of products that, for one reason or another, never saw the light of day in this column. Who knows? Some of them might actually make great last-minute, unexpected Christmas presents.
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.
The three largest Internet companies have agreed to pay a combined $31.5 million to settle federal civil allegations they took ads for illegal gambling, the U.S. Attorney for eastern Missouri said.
Microsoft inked a 5-year online ad deal with Viacom, better positioning the software colossus against rivals Google and Yahoo. Philippe Dauman, chief executive at Viacom, and Kevin Johnson, president of the platforms/services division at Microsoft, discussed the strengths of the partnership in an interview with CNBC.
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.
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.
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.
If you haven't Elfed yourself, or haven't gotten an email from a friend or relative who has Elfed themselves, you probably haven't logged on to your email recently. For the un-initiated, "Elf Yourself" is an online service from the office supply super-store OfficeMax, and the service is off to the races once again, following its successful roll-out last year.
Talk to Marissa Mayer, Google's 20th employee and the company's first female engineer and she'll tell you "Zeitgeist," by definition, is "the spirit of the times. And it really tries to capture the moral, ethical and the popular cultures of the day."
We last saw Tim Koogle, in a very public way, on his way out the door as Yahoo's CEO, just as the company was suffering some internal strife and a kind of internal innovation slowdown. The company was mulling layoffs, had issued a Wall Street warning and Koogle tells me he had reached the decision, on his own, to leave the company he had helped build from scratch.
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.
Top U.S. phone company AT&T said on Monday it was buying core routers from Cisco Systems to upgrade its Internet backbone network, a major win for Cisco amid competition from rival network equipment maker Juniper Networks.