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.
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.
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.
February 1, 2013 |
SAN FRANCISCO - If only all purchases were this quick and easy. Jack Dorsey picked up a handful of artisan-brewed sodas at the Fizzary, a soda shop in San Francisco's Mission District. "I'm Jack," he told the shopkeeper behind the counter who charged the sodas to Dorsey's credit card by tapping on Dorsey's photograph that had popped up on an iPad behind the counter. In seconds, Dorsey's iPhone 5 vibrated in the pocket of his black leather jacket to let him know that the transaction was complete.
June 26, 2013 |
Leaving the front door unlocked is a risky move. And that risk is the same with smartphones running Android, Google's open operating system. Android phones come with unlocked doors, allowing them to install applications found almost anywhere online. But when downloading applications from somewhere other than the Google Play store, Android device users must be more cautious than ever, according to Juniper Networks third annual Mobile Threats Report . People who create viruses and other malicious software, or malware, for mobile devices have targeted Android because it has become the dominant mobile operating system worldwide.
May 23, 2012 |
A district court jury in Northern California cleared Google of infringing patents held by Oracle in six claims brought by the company. But the verdict isn't the end of the case. Oracle sued Google in August 2010, alleging Google's Android phone software infringed patents and copyrights covering Java. The first part of the trial over Java copyright claims ended in a mixed verdict. Despite the result of that trial, in which Google was found to have infringed only a small segment of Java code, it appears Oracle plans to pursue significant damages.
March 14, 2013 |
SAN FRANCISCO -- Google's senior ranks continue to shuffle with Jeff Huber stepping down as head of mapping and commerce. Huber will move to Google X, the lab run by Google co-founder Sergey Brin that is working on experimental projects such as the wearable computer Google Glass and self-driving cars, a person familiar with the situation said. The move was first reported by the Wall Street Journal. With Huber's departure, the mapping division will join the Google search team led by Alan Eustace and the commerce division will move under the advertising group led by Susan Wojcicki.
CALIFORNIA | LOCAL
June 22, 2012 |
Google Chief Executive Larry Page has reassured employees that he does not have a serious medical condition and that he will continue to run the search giant. Page delivered the news in an email to employees Thursday after skipping the company's annual shareholder meeting that day, the Wall Street Journal reported . In the email, Page said: "There is nothing seriously wrong with me. " Page has been having trouble with his voice, said Executive Chairman Eric Schmidt, who filled in for him Thursday.
April 28, 2012 |
SAN FRANCISCO — Google Inc. and other big tech firms may operate thousands of miles from the nation's capital but they're not beyond the reach of federal regulators. That was the message Federal Trade Commission Chairman Jon Leibowitz delivered this week when he revealed during a swing through Silicon Valley that he had hired a prominent litigator to dig deeper into allegations that Google had violated antitrust laws. Silicon Valley likes to hold itself out as a paragon of corporate virtue, but increasingly federal and state authorities are not buying the "don't be evil" slogan.