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David Karp stands to make more than $200 million on the sale of his Tumblr blogging site to Yahoo. But his father tells CNBC that money doesn’t motivate the young entrepreneur.
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Windows Vista attracted most of the hype, but Office 2007 was the sleeper hit that bolstered Microsoft fiscal fourth-quarter results, despite a hefty charge to cover the cost of repairing defective video game consoles.
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Stocks rebounded in late trading but still finished lower as concern about fallout in the subprime industry put a temporary brake on the Dow's run to 14,000. "Subprime isn't good news, but despite this the market will still rally higher," said Jordan Kotick, global head of technical strategy at Barclays Capital.
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Yahoo chief executive Jerry Yang was found wanting on Wednesday by investors who said the company needed to devise a plan to combat weaker advertising growth more quickly than in the 100 days promised by management.
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The tech earnings parade continues through today, now that we have Intel and Yahoo in the books. Strange day for tech, Tuesday was. So much optimism about Intel and yet the company disappoints, at least at first glance, with softer margins than expected. But here's another way to look at Intel's numbers which may actually bode well for broader tech the rest of this year.
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The revelation that two of Bear Stearns' collateralized debt obligation funds are virtually worthless are casting a pall on the overall market this morning. The biggest factor with the subprime prime epidemic is the great unknown of exposure and containment.
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Google said Tuesday it is expanding its Print Ads program to allow online advertisers nationwide to place print advertisements in 225 newspapers, serving half of U.S. newspaper readers.
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Yahoo on Tuesday posted second-quarter earnings of $0.11 per share -- in line with estimates -- and flat with earnings per share of of $0.11 in the same period a year ago. Revenue for the three months ended in June rose 8% to $1.244 billion, compared with $1.123 billion in the second quarter of last year.
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Talk about a tale of two companies: Intel soars, and Yahoo is just plain soar. Both companies report after the bell today and investors are expecting decidedly different tones. For Intel, these are heady times. The simple numbers are 19 cents a share on $8.54 Billion in revenue. But the focus for this company will be on guidance.
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Earnings news is helping set the tone as some big positive reports are countering weakness in stocks ahead of inflation data.
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Hackers stole information from the U.S. Department of Transportation and several U.S. corporations by seducing employees with fake job-listings on ads and e-mail, a computer security firm said on Monday.
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With Internet businesses set to report earnings this week, two analysts joined "Power Lunch" to discuss the likely performance of big names in the sector.
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Speculation in London newspapers over the weekend about a potential $50 billion offer on the way for Alcoa from BHP Billiton is among the largest of possible deals for traders to focus on today.
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Strap in because next week is going to be big for the biggest names in technology. We'll get earnings news on Tuesday from Intel and Yahoo; IBM and eBay on Wednesday; Microsoft, Google, Motorola and AMD on Thursday. Did you get all that?
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Google is not interested in pursuing an acquisition of Facebook, Google co-founder Sergey Brin told CNBC, though the entrepreneur left open the possibility that Google would be open to talks with Facebook if the social networking site made the first move.
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From the Allen Conference in Sun Valley, Idaho: I just spoke with Sergey Brin who, when asked if Google is interested in acquiring facebook, said " we don't look at companies for acquisition unless they are really interesting.". Then he said that while he thinks the company is interesting he said: "I think they are doing well on their own." He also said google wouldn't go after Facebook unless they came to "talk to us." And it sounded like they certainly haven't approached them yet.
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The chief executive of Whole Foods Market posted messages on a Yahoo! chat forum under an alias for years, talking up his own company while predicting a bleak future for Wild Oats Markets, the rival it has since sought to acquire.
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It's been a whirlwind here at the Allen & co. Conference--watching and interviewing all the biggest names in the media world. Everyone's paying close attention to Rupert Murdoch. He rushed into the Sun Valley Inn Wednesday morning just in time for breakfast. .
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Motorola reduced quarterly guidance on Wednesday evening, buttressing activist investors' recent demands for a management shakeup.
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Averting a looming court battle over how it has been handling the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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Executives from Microsoft, Yahoo and other technology companies will discuss ways to combat unwanted e-mail and data theft at a two-day conference that begins Wednesday.