May 6, 2009 |
The U.S. Federal Trade Commission is examining whether Apple Inc. and Google Inc. are breaking antitrust law by sharing board members, according to a person familiar with the investigation. Google Chief Executive Eric Schmidt and Arthur Levinson, chairman of Genentech Inc., serve as directors at Apple and Google.
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.
May 23, 2013 |
On its way to becoming the fastest-selling Android smartphone, the Galaxy S4 has been sold twice as many times as the HTC One in their first few weeks on the market. Samsung announced this week that it has sold 10 million Galaxy S4 phones. Currently in either black or white, the phone manufacturer plans to sell the smartphone in more colors, such as blue, red, purple and brown, later this year. An HTC executive told the Wall Street Journal its device had been purchased 5 million times, but that production remains behind schedule because of parts shortages.
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.
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 3, 2013 |
SAN FRANCISCO -- Is mobile clicking for Facebook Inc.? Facebook's initial public stock offering in May was dashed after the social network said it wasn't making "any significant revenue" from mobile even though more than half of its users checked the service on mobile devices. With its stock price plunging, Facebook Chief Executive Mark Zuckerberg acknowledged in September: "We've had a bunch of missteps" in mobile. But in the background, Facebook has already powered up the turbo boosters.