March 7, 2013 |
In a bid to spur sales of its struggling Nook tablet, Barnes & Noble Inc. struck deals with major Hollywood studios that will make more movies and television shows available on the device. Barnes & Noble's Nook Media subsidiary reached licensing deals with Lionsgate, MGM, Paramount Pictures, Relativity Media and others that will deliver thousands of additional videos to the service, including such hit films as "The Hunger Games," the "Twilight" movies, "Flight" and "Paranormal Activity 4" and television shows such as "Mad Men. " "Nook is one of a growing spectrum of new digital buyers for our films and TV content and illustrates the breadth and depth of opportunities for monetizing our content across a broad array of platforms," Thomas Hughes, Lionsgate's senior vice president of digital, said in a statement.
October 14, 2011 |
"Gangbusters. " That's how Google's chief executive, Larry Page, summed up his company's third quarter. The nation's economy may be stalled. Concerns over a global recession may be in overdrive. But Google's digital advertising engine delivered another NASCAR-worthy performance, even with the economic head winds, sending its shares sharply higher. In after-hours trading, Google shares rose $36, to $595, up more than 6%. The company released its results after the close of regular trading.
May 7, 2012 |
A partial jury verdict in its copyright infringement case against Google has handed Oracle a major setback, limiting damages against the search giant. The jury on Monday found that Google did improperly borrow the structure of Oracle's software code but did not violate Oracle's other copyrights. Oracle, which accused Google of stealing a key piece of its technology to build the popular Android mobile software, sought up to $1 billion in damages on copyright claims in San Francisco federal court.
September 17, 2008 |
For those of you who have been anticipating the so-called Google Phone as if it were the next iPhone, the wait is almost over. T-Mobile USA said Tuesday that it would unveil the much-anticipated mobile phone loaded with Google Inc.'s Android software next Tuesday at a news conference in New York. The G1 phone, which is being manufactured by HTC, won't be for sale until October. But expect T-Mobile to finally divulge some key details such as pricing. T-Mobile is just the first carrier to market the phone.
August 27, 2010 |
Billionaire investor Carl Icahn has increased his holding in Motorola Inc. to about 10.4%, according to documents the company filed with the Securities and Exchange Commission. According to the filing, Icahn spent $86.2 million on 11.5 million shares of Motorola this week. Icahn had reported Aug. 3 that he had raised his stake to 9.99% since May 7, when he held 8.75% of Motorola's shares. Motorola is planning to split in two in the first quarter of next year, separating its cellphone and set-top-box business from its enterprise mobility business.
January 30, 2013 |
Facebook Inc. reported fourth-quarter financial results that beat Wall Street expectations, but its shares are falling anyway. Revenue rose 40% to nearly $1.6 billion in the fourth quarter, above analyst estimates. That marked the first growth acceleration since Facebook started selling shares to the public in May. Facebook said it earned $64 million, or 3 cents a share, compared with $302 million, or 14 cents a share, a year earlier. "In 2012, we connected over a billion people and became a mobile company," Chief Executive Mark Zuckerberg said in a written statement that accompanied the fourth-quarter financial results.
April 17, 2012 |
SAN FRANCISCO -- Oracle and Google were facing off in the second day of a high-stakes intellectual property showdown in a San Francisco federal courtroom Tuesday when Twitter made a surprise announcement: It pledged that employees who created its technology would exercise control over the patents so they could not be used as a legal battering ram against other companies. The “Innovator's Patent Agreement,” or IPA, would give legal rights to inventors and ensure that patents are not used to “impede the innovation of others,” the San Francisco company said in a post on its official blog.
June 17, 2011 |
Shares of Research in Motion Ltd. dropped 21.5% to their lowest level since 2006 on Friday after the BlackBerry smartphone maker said quarterly revenue might drop for the first time in nine years and unveiled plans to reduce jobs. Revenue will be $4.2 billion to $4.8 billion in the fiscal second quarter, RIM said Thursday. That was less than the average analyst estimate for sales of $5.47 billion, according to a Bloomberg survey. Profit this quarter will be 75 cents to $1.05 a share.
April 24, 2012 |
Google Inc. Chairman Eric Schmidt testified that his company developed the Android operating system using the Java programming language after partnership talks with Sun Microsystems Inc. fell through and Sun made no demand for a license to use Java. Sun sought $30 million to $50 million and tight control over Java's use for Android, Schmidt told jurors Tuesday in federal court in San Francisco during Oracle Corp.'s trial against Google. When deal negotiations fell through in 2006, Google built the Android software for mobile devices using aspects of the Java platform without infringing on Sun's intellectual property, he said.
January 15, 2013 |
MENLO PARK, Calif. -- Anticipation has been making Silicon Valley wait just like a Carly Simon song in a 1970s Heinz ketchup commercial. But that wait will come to an end Tuesday morning when Facebook holds a news conference at its Menlo Park, Calif., headquarters. We're live tweeting from the event. Tweets by @jguynn Facebook last week invited the media to "come and see what we're building. " It provided no details. There has been no shortage of speculation on what Facebook might announce as investors pushed shares above $30. Shares closed at $30.95 on Monday, though analysts say the stock gains may have more to do with investors' anticipation of the company's fourth-quarter financial results due out Jan. 30 than anticipation of a major announcement at the mysterious news conference.