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Where can the traders be found this week? Deep in the heart of techs.
Microsoft shares soared to a six-year high Friday, after issuing a muscular first-quarter earnings report and raising its full-year earnings guidance the day before.
Facebook, the social network Web site, is looking to hedge funds and private-equity investors to raise an additional $260 million in financing, the Wall Street Journal reported on its Web site on Thursday.
It's not often I do a double-take when I read a financial earnings report, but I had to make sure I was looking at Microsoft's numbers and not some other company's. The company beats by 6 cents a share; 45 cents instead of the 39 cents the Street was expecting.
Singer-guitarist Walter de Castro couldn't believe his luck when he found out his band's song "The Core" would be featured on "FIFA 2008," the Electronic Arts popular soccer game.
We've heard the Google, Microsoft, Facebook 'story' before, but today's rendition comes with a new sense of urgency: The New York Post, then moments later the Wall Street Journal, report a deal between someone and Facebook is imminent: 24 or 48 hours away.
Sony swung to a quarterly operating profit as it booked strong sales of liquid crystal display TVs and digital cameras and benefited from a weaker yen, and it slightly raised its full-year forecast.
We now have a definitive agreement: Microsoft gets a stake in Facebook for $240 million, and now valuing the company at $15 billion. For a company that will do $30 million in profits on $150 million in revenue, that's a nifty valuation!
This is the LIVE BLOG for today's Google analyst meeting at the company's headquarters in Mountain View, California. Get up to the minute posts as the action happens.
After months of run-up, and a big, 9% move today, the pressure was on Amazon to beat, and beat big. The company did beat. The 19 cents was a penny better than the Street expected. And revenue also came in a little stronger than expected.
Online retailer Amazon.com reported operating profit margins that concerned some analysts despite a sharp rise in quarterly earnings, and its shares fell 9%.
BlackBerry maker Research In Motion has shipped the first of its smartphones to China and hopes to start selling them later this year, a major breakthrough for the company in penetrating the huge Asian market.
Amazon reports earnings later today and judging by what this stock is doing today, indeed these past several months, it would seem shareholders are hoping for the very best. And betting big that Amazon will deliver.
Microsoft said on Monday it is launching a reworked low-end version of its Xbox 360 in a bid to widen the game console's appeal to a broader audience that has flocked to rival Nintendo's Wii.
A new Web site called GeneTree.com wants to help answer the question "Who am I?" by combining DNA data with information-sharing technology popularized by News Corp's MySpace.com and Google' YouTube.
The pressure was on for Apple following the big-time run in these shares these past several weeks. These shares rallied into today's earnings news. The research firm Caris just this morning took the bold step in raising its target to $200.
Sources I'm talking to at the company suggest that an announcement could come soon that Microsoft will unveil a new version of Xbox 360 featuring a built-in HD-DVD player and HD tuner. The device might be officially unveiled during Bill Gates' keynote at the upcoming Consumer Electronics Show in January, which could be a bummer since it misses this upcoming Holiday Shopping season.
Flash memory maker SanDisk on Monday debuted an online video service and a USB flash drive that can carry television programs and videos from a computer for playback on TVs.
AT&T is making Napster's entire music catalog of more than five million songs available for wireless download starting early next month.
Less than two weeks after its stock price smashed through $600 for the first time, Google showed why it might not be long before the Internet search leader's shares are flirting with $700.