HOUSTON _ Pros Holdings Inc. on Tuesday reported a loss of $17.7 million in its fourth quarter. Five analysts surveyed by Zacks expected $41.8 million. For the current quarter ending in April, Pros Holdings expects its results to range from a loss of 36 cents per share to a loss of 34 cents per share.» Read More
Sony Playstation 3 consoles began to reactivate late Monday, after an error with the console’s online network rendered some machines incapable of playing many recent games, leaving thousands of gamers stranded.
On the Internet, things get old fast. One prime candidate for the digital dustbin, it seems, is the current approach to protecting privacy on the Internet, The New York Times reports.
After squeezing the shorts and defying gravity, Palm finally came back to Earth with a major thud today. And while the fall was painful for equity investors, do options traders sense a takeout on the horizon?
The news today from Palm is just plain ugly, and you gotta hand it to RBC Capital and Bank of America, who both came out Monday with negative calls on this stock.
Apple has started banning many applications for its iPhone that feature sexually suggestive material, including photos of women in bikinis and lingerie, a move that came as an abrupt surprise to developers who had been profiting from such programs.
RBC's Mike Abramsky has an interesting research report out this morning about Apple and Palm. And it's compelling stuff because of Abramsky's past calls on both these companies.
Microsoft said on Monday it signed a patent agreement with Amazon.com that allows the two companies to share technology in several areas including Amazon's Kindle electronic book reader and Amazon's use of Linux-based servers.
After years of standing on the sidelines grumbling about the sale of used video games, publishers are finally starting to take action.
If Apple cut the price of each TV episode in half - to 99 cents, from $1.99 - would sales on iTunes increase enough to offset the price drop? Experiments are under way to find out, and the head of the nation’s No. 1 television network, CBS, indicated last week that some shows, at least, would be priced under a dollar in the future.
The video game industry has known for a while that social networks represented a threat to the bottom line of traditional publishers – but the depth of that threat was unknown. A new survey of U.S. and U.K. players, though, underscores just how fast this new gaming category has grown.
'It was almost 14 years ago that I uttered those very words to you to announce my debut into professional golf. Today, it obviously comes with a much different tone.' That's how I think Tiger Woods should start off his statement tomorrow.
The average volume this year on down days is stronger than the average activity on up days. The conviction in this market is still with the bears…for now.
The video game industry stumbled out of the gate in 2010, posting a 13 percent decline in January sales compared with 2009. But despite the negative news, observers are still expecting improvements in the months to come.
The tech security firm reported a quarterly profit that matched Wall Street estimates, and gave an outlook that was also in line with expectations.
It hasn’t been a good week to be an Electronic Arts shareholder. The company’s stock fell nearly 10 percent Tuesday after it gave a dire forecast for the coming quarter. Activision, meanwhile, thrilled its shareholders with better-than-expected quarterly numbers.
Silicon Valley’s economy is sputtering and risks permanently stalling, according to an annual report by a group of researchers in the region.
Google's own corporate blog is breaking some big-time broadband news today: Google plans to build out its own broadband testbed, bringing unbelievably fast bandwidth to homes and business in test markets across the United States, targeting from 50,000 to a half million potential users.
Google presents buzz as an addition to Gmail that enables private sharing with your friends (like Facebook) or public sharing with everyone (like Twitter).
It used to be that a basic $25-a-month phone bill was your main telecommunications expense. But by 2004, the average American spent $770.95 annually on services like cable television, Internet connectivity and video games, according to data from the Census Bureau. By 2008, that number rose to $903, outstripping inflation. By the end of this year, it is expected to have grown to $997.07. Add another $1,000 or more for cellphone service and the average family is spending as much on entertainment over devices as they are on dining out or buying gasoline.
The news from Electronic Arts bordered on dismal for the company's third fiscal quarter, but the outlook is downright depressing for those investors long in these shares.
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Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
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.