RIO DE JANEIRO— A Brazilian judge has issued a temporary restraining order against recently approved legislation that banned the use of smartphone-based ride-hailing-apps like Uber in Rio de Janeiro, the country's second largest city. A statement posted on the Rio de Janeiro State Judiciary Department's website said the order was signed Thursday by Judge...» Read More
Oracle shares fell sharply a day after the company posted disappointing quarterly software sales and said its customers had become more cautious, quashing the idea that the software sector would be immune to the economic turmoil that has roiled the rest of the tech sector.
Oracle reported a profit that rose 30 percent over last year and matched analysts' expectations, but the software company's shares fell as sales came in short of forecasts.
This afternoon Oracle will give us a first look at how software companies did in the first months of 2008. Did the U.S. economic slowdown take a bite out of Oracle's business? Read on to see what other questions investors will be asking.
Demand for design tools like Photoshop, Illustrator and Dreamweaver and for its Acrobat publishing tool pushed Adobe Systems' profit up 52 percent in the first quarter, but the software maker still forecast just 13 percent revenue growth for the year.
After the bell Tuesday, Adobe announced better than expected revenues and earnings. First quarter revenue came in at $890 million, up 37 percent from the year ago quarter. During the quarter the company spent $1.25 billion repurchasing 33.3 million shares of its outstanding stock, putting its GAAP diluted earnings at 38 cents per share, beating the target range...
U.S. software maker Adobe Systems on Tuesday posted a higher quarterly profit and gave a forecast that topped Wall Street expectations, sending shares up more than 7 percent in after-hours trade.
When Apple opened its iPhone to software developers last week, as well as enterprise clients, I surmised then that the strategy could lead to the same kind of "halo effect" that iPod enjoyed.
Senior executives from Microsoft and Yahoo met Monday to discuss Microsoft's takeover bid for the company, according to two people familiar with the matter.
If Microsoft's play for a tiny chip of Facebook helped value the company at a staggering $15 billion, then AOL's play for social networking site Bebo makes perfect sense, even at $850 million.
It's unusual for Apple to issue press releases, but this was news the company probably couldn't wait to share: We knew that the software developer kit, the so-called SDK for iPhone, was likely going to be a big deal for the Apple community. And now we have some facts.
For Google, the European Union's ongoing scrutiny of its plans to buy DoubleClick has been an overhang on the stock since the deal was first announced. Today came the long-awaited EU blessing Google has been waiting for.
I'm skeptical. Let me just say that right out of the gate. I'm skeptical that Apple Inc. and Apple Corps have signed a deal to put the Beatles' 255 song catalogue on the iTunes web site. Don't get me wrong, I see the economies here and I know that everyone involved sees $$$ in their eyes
This is quite possibly the last momentum stock around. Here's why the CEO thinks the growth will continue.
A day after the iPhone news from Apple, we've all had a chance to digest the ramifications of the announcements and as you might expect, there's a lot of opinions floating through Wall Street about just how significant, and important the news is.
Apple will unveil a comprehensive set of tools for developers to create their own applications for the company's hot-selling iPhone, and then sell them on the iTunes web site.
When in doubt, delay! That appears to be the strategy at Yahoo, where the company's board has authorized a deadline extension for outsiders to nominate their own slate of directors, which would have been next week. The new deadline will now be 10 days after the company announces the date of its annual shareholder meeting. This clock indeed is ticking...
Investors lined up 2 hours before the Apple shareholder meeting began here in Cupertino, California. It's a little unusual for them to be here so early, and I thought it might be related to the company's 40 percent plunge since the beginning of the year.
Today's disaster du jour comes from Intel, the world's largest chipmaker, reducing gross margin expectations for the first quarter by a couple of percentage points. The company now expects gross margins of about 54 percent, compared to its original forecast of 56 percent.
When it comes to Apple and the company's sagging stock price--and increasingly frustrated shareholders--it seems to me a solution is getting clearer by the day. Stock buyback.
Microsoft still considers its takeover offer for Yahoo, currently valued at about $42 billion, to be reasonable despite Yahoo's rejection of the bid, Microsoft's chief executive said.
Matt Hunter is the senior technology editor at CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.