LONDON— Britain's National Crime Agency says a suspected hacker has been arrested in connection with a cyber attack on the U.S. Department of Defense. The agency said Friday the 23- year-old man arrested in western England is suspected of offenses linked to data stolen from a messaging service used by DoD employees. The agency says contact information for...» Read More
Is it a sign that we truly are in an iPhone world or a bleak reminder to automakers that it's tougher than ever for them to impress younger car buyers? Either way, the research is fascinating. The latest data from CNW marketing shows that younger consumers (ages 16-29) rank tech gadgets like the iPod/iPhone, gaming systems, and computers as more important than a new car when it comes to impressing friends.
On the eve of the big (though decidedly more intimate) Electronic Entertainment Expo (E3) next week in Los Angeles, Microsoft drops a bombshell: all those bloggers complaining about the hardware crashes on Xbox 360 were heard in Redmond, Washington. Microsoft will set aside between $1.05 and $1.15 billion dollars to cover a new, 3-year extended warranty program to cover repairs for the device.
First of all, let me be clear: If you're not reading valleywag.com and think you're following Silicon Valley, you're sorely misinformed. Valleywag is a must-read for anyone trying to get the real, behind-the-scenes story of what's going on around here. They're snarky, fun, creative, connected, and can't wait to spotlight the embarassing, the unfortunate, the inaccurate, the bluster and the misguided spin. And they're usually pretty good about accuracy.
Back in March, when Google hired Andy Rubin, one of the founders behind the Sidekick from Danger, Inc., there was rampant speculation that the company was careening down the path toward a Google-branded cell phone. I was told by sources that he was heading up a 100-person team on this project. Since then, various Google execs have stepped forward to say there wasn't Google hardware in the company's future; but plenty of cool new software on the way designed specifically to take advantage of the wonderful world of wireless.
You'd think that with sand being one of the world's most abundant natural resources--and the key ingredient used in chip making--that there'd be no chance of a silicon shortage. You'd be wrong, and you can thank the incredibly fast growing solar panel industry for the problem. These two industries have been fighting for raw material to fuel their growth for some time, but now, an innovative solution may make both sides happy--and generate many happy returns for investors in companies like Intel, National Semiconductor, Texas Instruments, Freescale, AMD and so many others.
While most Mac geeks were worshipping at the iPhone altar this weekend, we here at CNBC got some tech geeks to dissect an Apple iPhone for us (see video below). Called a "tear down", it's when you break apart a gadget to figure out what's inside, and how much those components cost. We got one of the top companies in this field--called iSuppli-to peel apart the (Apple) gadget for us.
Did you catch NetSuite's $75 million initial public offering filing? Maybe not, since it's a relatively tiny company, not profitable, and not looking to raise all that much. Ahh, but read the S-1 filing and you get a better sense of the drama playing underneath the paperwork. And that makes this a fun little story during an otherwise slow news week (with the July 4th holiday, post iPhone madness, etc.) Turns out that a company called Tako Investments owns a 74% stake in NetSuite.
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.