Alibaba will invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com's lucrative Web Services division.» Read More
Amazon.com reported a profit that matched forecasts and gave sales guidance that topped expectations, but concerns about the company's margins sent shares falling in after-hours trading.
Talk about a mixed picture from online retailer Amazon.com. On its surface, Amazon tells a major success story, especially in the face of an economic slowdown and worries of recession. The company meets the Street with 48 cents a share, but blows past revenue
Call it the Google Paradox: Shares severely depressed these last few months, touching $538 last week, and yet the prevailing feeling on Wall Street--by far--is that Google is still the best deal going for net-sector investors.
This has been a wild ride for Amazon shareholders these last few months, touching $100 a share at the end of October, sliding into the $70s a few weeks later, tickling $100 a again just a few weeks ago, and now languishing back at $70 a share once again. Yuck.
Yahoo's after-market reaction to the company's earnings news says it all: Yahoo down 8 percent and you gotta wonder just how bad this news is going to get before it gets any better. IF it gets any better. Stunning for a company that says today it enjoys 2 BILLION page views A MONTH in the U.S. alone.
Yahoo topped expectations despite a 23 percent earnings decline, but shares of the company fell as its sales guidance was light and Chief Executive Jerry Yang warned of 2008 "headwinds."
Remember the days when you sat in a room with your friends and listened to music together? It seems almost no one shares that experience anymore, plugged into their own device. But a new gadget called miShare could change all of that, making music part of social networking again.
If you think your portfolio has taken a hit since the beginning of the year, consider Steve Jobs and his stake in Apple: He's down $377 million and change since Jan. 1, so if anyone knows the magnitude of Apple's steep--and some say overdone--decline since then, it's the mercurial Apple chief.
Illegal downloading outpaces legal downloading alternatives by 20-to-one. Record companies may have grown their digital music revenue by 40 percent over the past year, but that's so far from enough to keep up with the death of the CD business.
Friday I blogged about the most audacious press release I've received in a long time from a small biomed company called GenoMed. The company's Chairman and CEO, Dr. David Moskowitz, claims Heath Ledger probably died due to complications from the flu--likening it to Anna Nicole Smith's death--and GenoMed had the means to save him.
The print newspaper business has problems--declining ad revenue, transitioning to the digital future. Just look at the stock price of the New York Times over the past year--ouch! Well now a hedge fund manager--Firebrand Capital's Scott Galloway--who owns a significant stake in NYT stock is pushing to make some changes.
Buried in the Commerce Department report on New Home Sales in December is the full year tally for 2007, and it ain’t pretty. Home builders sold 774,000 homes during the year, down 26.4 percent from 2006. Just imagine selling over a million homes one year and barely 75 percent of that the next!
Hubdub is a new site where customers will bet for fun, not money, on the outcomes of real news stories.
Yahoo is a mess. A simple, but stunning statement when you're talking about the web's most popular destination. Read that again--the web's most popular destination. More people visit Yahoo on a monthly basis than any other web site
If you believe the media -- and you should, every word ;) -- you'd think this nation was spiraling toward recession. But it's not necessarily so. Take Microsoft as an example...
I'm speechless. As investigators await more test results to try to determine how actor Heath Ledger died, someone thinks he may already know! I received the most jaw-dropping press release of a still-young 2008 from a company called GenoMed...
For decades, TV ad time has been sold the very same way: In May, the networks present their new pilots to advertisers, who buy "upfront" ad time, months in advance of the new TV season. And the new TV season always started in the fall, because that's when car advertisers wanted to push their new products.
If the entertainment and device division performance by Microsoft in its second quarter was a surprise, the company's online business growth is a stunner, especially as the company tries to chip away at Google's near total dominance.
When Microsoft's earnings came out yesterday, I had to do a double-take because it was hard for me to process just how strong these numbers truly were. I knew the company was poised for a strong quarter, but it was the breadth of its success, and optimistic guidance that took me, and so many investors, by surprise.
If the GOP has any sense of humor (Mike Huckabee's Chuck Norris ads are pretty funny), the party should start looking ahead to the general election and buy the rights to the following film clip. It's from the 1940 film, "The Ghost Breakers," starring Bob Hope, and it would be perfect for an ad campaign.