NEW YORK— Shares of GameStop skidded Friday after the video game retailer reported strong second-quarter results but gave a forecast that disappointed Wall Street. GameStop said sales of downloadable content for "Batman: Arkham Night" and "Witcher 3" powered its results, and the company's adjusted profit and revenue came in above Wall Street estimates.» Read More
It's just hours till the start of what promises to be the biggest Consumer Electronics Show in recent memory. Sure, Silicon Valley is known the world over as the world's high tech capitol, but beginning Sunday night, with Bill Gates' keynote, Las Vegas will hold that distinction; at least for a week.
Just when you thought it couldn't get any worse for Advanced Micro Devices, Banc of America kicks the company when it's down, right in the teeth. And the report is sending a shudder through all of big-cap chip stocks.
This past year was a busy one for tech, including Apple's iPhone release; Halo 3; Xbox vs. Wii vs. PlayStation; HD-DVD vs. Blu-ray: Google's new mobile strategy; Intel's surge at AMD's expense; all things wireless; Oracle and Microsoft's blockbuster earnings; Yahoo's CEO shakeup; VMWare's IPO; the ongoing shake-up at Dell; and of course my favorite: Star Wars celebrating its 30th anniversary.
Apple's stock crossed $200 per share Wednesday, but settled back. Today, a kind of two-steps-forward-one-step-back approach, as Apple blows through $200 with a lot more conviction. Will it finally close above the psychologically, financially important plateau?
If you haven't heard of iLike yet, you will. The site is combining two of the hottest things going right now: social networking and digital entertainment. Already, acts like 50 Cent, Beyonce, John Mayer, Evanescence and former Motley Crue member Nikki Sixx have signed on.
There are rumors all over the web that Apple will announce staggering handset unit sales at Macworld next month. And while I fully anticipate strong numbers, I'm a little skeptical that they'll measure up to some of the wild estimates making the rounds.
Something strange is developing around the Nintendo Wii phenomenon and it's showing capitalism at its finest: I was skeptical about a derivatives market in the Wii actually existing, but now I have confirmation that one does exist.
Black Friday has come and gone, but you might want to call today Black Friday: Part II as we usher in the last weekend before Christmas. I'm inside a Best Buy in the heart of Silicon Valley, where business has been more than brisk these last few weeks...
These are blow-out numbers for RIM's third quarter no matter how you slice and dice them. And you thought Oracle's good news yesterday was something. This is something else entirely. Research in Motion posts 65 cents a share in earnings per share.
ThinkSecret is no more, thanks to a settlement with Apple Inc. over misappropriation of trade secrets that dogged the Apple rumor site for the past two years. Apple took the unusual step of going after the "little web site that could" after it started posting lots of insider knowledge about upcoming Apple products.
NetSuite began trading on the Nasdaq Thursday after its initial public offering. Chief Executive Zach Nelson told CNBC that the business-management software company is positioned "in the right place and the right time in the marketplace."
These are heady times for RIMM, even though shares have suffered a precipitous decline since their highs in November; a bigger decline than Google, Amazon, Apple and so many others, off about 30 percent from those highs in early November, following a better-than-30 percent gain during the previous three months.
Oracle said that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.
Oracle's second quarter financials are stunning by just about every measure. Everyone I had spoken to leading up to these numbers knew the news was going to be good, but no one expected the news to be this good.
I hope you had a chance to read my 8 for '08 blog predictions. Here now is what I've done for the TV side of CNBC, in using the ole 'crystal ball. A couple of them you'll find similar, but there are plenty that are different. Enjoy!
Talk about a tale of two companies: The market's punishment on Palm was swift and harsh and it comes just a day ahead of what should be decidedly better news from another smart phone maker, Research in Motion.
I love "teardown" stories. Not the kind that builds a story subject up, then tears it down, but the lab guys who rip apart new devices, study component serial numbers and tell me what's in the guts of the product. Today's version comes courtesy of the wizards at iSuppli, and the center of attention is Apple's iPod Touch.
Palm released its second-quarter earnings and the news looks to be as dire as investors had feared. ... The disappointing news is somewhat surprising since it was just a couple of weeks ago that Palm revised its own guidance lower. It would appear these numbers today miss even Palm's own internal guidance.
NetSuite, a software maker majority-owned by Oracle Chief Executive Larry Ellison, Tuesday raised the proceeds it expects from its initial public offering, which is due later this week.
Oracle Corp. will release its second quarter earnings on Wednesday and there's a healthy amount of optimism swirling around these shares. But the stock really hasn't reacted much leading some analysts to wonder whether the company is poised for some kind of break-out, even though CEO Larry Ellison's massive selling streak, started in September, continues.
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.