BOSTON, Jan 30- Topface, one of the world's largest dating websites, said it has paid a hacker an undisclosed sum to stop trying to sell about 20 million email addresses stolen from the Russian company. Topface Chief Executive Dmitry Filatov said the company located the hacker, who had published ads to sell the data but had not actually sold them.» Read More
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
From our position outside of Apple Inc.'s store in downtown Palo Alto, the line is long, the atmosphere festive and sleep is hard to come by. But the bagels and shmeer from Noah's are plentiful and the entrepreneurial spirit that made Silicon Valley famous is alive and well. At the Walnut Creek, California store in the East Bay, Josh May from iWait.org tells us "We are actually selling our spots in line. We have about 700 hits on our website. We've a couple of seats sold for about $500. Some almost coming up to $700."
Both Palm and RIMM numbers are out and the two could not have drawn a more stark contrast to each other. RIMM announced a 3 for 1 stock split on blockbuster earnings: $1.17 vs. the $1.06 the Street was looking for. Revenue also beat: $1.08 billion instead of the $1.05 anticipated. Unit shipments came in at 2.4 million, just as expected. But new subscribers soared: 1.2 million instead of the 1.14 million projected by the Street.
If you're holding Apple stock, or want to, and haven't asked these five financial questions, you should. 1. What if the iPhone is a bust? What will that do to Apple stock? "If the device doesn't hit, and continue with a real strong bang, people might be deflated here," says Jonathan Hoopes at ThinkEquity. "Believing that the iPhone, if it's not as successful as those who think it will be, is gonna bring the down the company's other businesses."
So, here we are a day away now from Apple Inc.'s iPhone release, and after months of hype and endless coverage, consumers still have some questions, like the day-to-day issues that could determine whether this phone is right for you. So, here are some questions and answers that may help you make up your mind.
The new issue market is on track for its best year since 2000.
Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?
After an amazingly busy week of Apple Inc., Yahoo, Microsoft, Google, eBay and the ever-growing valuation bonanza shaping up here in the Silicon Valley, you'd expect a flood of email, and ummm, I'm still dripping! So, in keeping with my earlier promise of not just printing, but answering, the missives, here we go!
You've probably heard by now, Yahoo is buying Rivals for something close to $100 million. The first question you should ask me is, is it worth it? That's such a hard question to answer, but let me tell you what you need to consider. A lot of people are going to criticize the value of this deal. They're going to say, it would have cost Yahoo a whole lot less to get 200 local journalists in each of the markets and have them build sites. What's missing from that equation is time.
Apple Inc. and the company's iPhone continue to generate the lion share of headlines in the world of tech nowadays; it's the world of tech that may be worth a second look for investors. Something crazy is going on. It seems to have begun on Monday when our David Faber broke the news that Yahoo was in play, and he rattled off a list of companies that might be sniffing around for a deal. Time Warner, AT&T, Comcast, Microsoft, News Corp. The usual suspects, if you will.
Yahoo's next chapter begins today with a "what's old is new again" approach. Yahoo co-founder Jerry Yang moves into the C-suite; and Susan Decker moves next door as the company's president. And with a few hours under our belts to digest Terry Semel's departure, it gives us some opportunity to look ahead at what's next for this company.
When it comes to Google say it with me: Here we go again!The company is getting ready to celebrate another key milestone in August: its 3rd anniversary as a publicly traded company. Sure there will be the usual partying (especially if the stock keeps performing as it is today and stays above the nose-bleed $500 a share. (It opened at $85 three years ago, August 19.)
Apple Inc. shoots down two of the biggest criticisms of its upcoming iPhone, and does so with gusto! Not an easy trick since the iPhone is still almost two weeks away. But that hasn't stopped critics and pundits from taking on the technology inside what some are calling the "Jesus Phone" because of the universal hype surrounding the product. A kind of "Second Coming" for technology brought to us by the High Lord of Cupertino. Well, you get the gist.
There may be a few party-planners at Google looking for work this morning. By now, you've heard the story, I'm sure, but for scene-setting purposes, here's the rub: eBay prepares to host its massive "eBay Live!" event in Boston this week, with 10,000 of the company's most rabid users getting together to celebrate their online lives and businesses. It's no secret that some eBayers continue to be upset about fees their paying the company and eBay's regular fee hikes.
CIO.com is an online resource for Chief Information Officers, you know, the head IT guys. And whether they live here or in India, they share a common fate: doomed to a maze of pipelines, processes, and Bluetooth earphones. The site recently did a survey over which wireless devices create the most "buzz" around speakers (BlackBerry Pearl is the buzziest). But my favorite recent column (yes, it's true, I occasionally read something called CIO.com) is titled "Dairy of a Tired CTO."
A strong minority of Yahoo shareholders challenged the Web company's direction on Tuesday by voting against board-nominated directors at the annual meeting, and investors confronted Chief Executive Terry Semel.
Analyst actions and earnings news were some of the catalysts behind the most actively traded stocks on Tuesday. Financial stocks were in focus and Lehman Brothers rose on heavy trading volume after the investment banking firm reported strong quarterly earnings.
Fresh back from a week off at Disneyland with the family, I'm raring to go. And I noticed something as we cruised around the park. Cell phones were ubiquitous. People using them standing online. People using them riding rides! Kids. Adults. Everyone. Not so prevalent, but still there, were portable gaming devices. Yes, if you can believe it, kids wandering around the park, or sitting on a bench, or waiting on line for a ride, playing PSPs and Nintendo DSs.
Analyst actions and clinical trial data were some of the catalysts behind the most actively traded stocks on Monday. Shares of both XM Satellite Radio and Sirius Satellite Radio advanced on above-average trading volume on Monday after the Federal Communications Commission began the long-awaited public notice period of the proposed merger of the satellite radio providers.
Searching on the web has been hot forever, or at least since Google created its nifty homepage. But now Ask.com is coming up with a crazy new way to compete--Ask3D, a new search platform. It can't really be 3-D if it's on your computer screen, but it is a 3-panel interface, that delivers results with both Web links and video, images, and links to things like music, all one one page. Sort of like if you searched all of Google's categories (news, images, video) all with one click.