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Sun Reports Poor Q3 but Investors Unfazed

Sun Microsystems has reported a $201 million loss for Q3 2009, a significant increase over the loss of $34 million that it registered in the same quarter a year ago. At $2.6 billion, third-quarter revenue fell short of Wall Street's forecast of $2.86 million and was a steep drop from the $3.3 billio...

Verizon Posts Solid Q1 Numbers, iPhone Rumors Fly

Wireless may prove to be the magic bullet for many tech and telecom firms in this recession. Verizon's newly released earnings report is yet another indication of movement in that direction. The company reported higher revenue on Monday, based largely on growth in its wireless division, as well as i...

Google Mobilizes Product Search for iPhone, Android Users

Google has rolled out a mobile-friendly version of its Product Search feature for iPhone and Android-powered devices. Google Product Search is a search engine that works much as the name indicates: Users type in keywords relevant to what they're seeking -- "garnet rings," for instance -- and the fea...

The Pirate Bay Fights Back With Appeal Charging Judicial Bias

The music and entertainment industry didn't even have a week to fully savor its victory against the four proprietors of The Pirate Bay before they filed an appeal. Though the move was expected, the grounds for the appeal may have caught the plaintiffs by surprise. The Pirate Bay contends that the ju...

eBay Beats Street, Gets a Grip on Turnaround Strategy

Profits dropped at eBay last quarter, but the online marketplace still delivered a solid earnings report for Q2 that beat analysts' expectations. eBay's results provide a welcome boost to the tech sector, whose performance has been all over the map this earnings cycle. They also validate the directi...

AT&T’s Q1 Losses Tempered by Wireless Gains

By some measures, AT&T's Q1 earnings report was lackluster, at best. The company reported a nearly 10 percent profit decline for the quarter ending March 31, compared with the same period a year ago. However, the drop was not as steep as analysts had expected. Furthermore, certain segments of AT...

AT&T’s Q1 Losses Tempered by Wireless Gains

By some measures, AT&T's Q1 earnings report was lackluster, at best. The company reported a nearly 10 percent profit decline for the quarter ending March 31, compared with the same period a year ago. However, the drop was not as steep as analysts had expected. Furthermore, certain segments of AT...

AT&T’s Q1 Losses Tempered by Wireless Gains

By some measures, AT&T's Q1 earnings report was lackluster, at best. The company reported a nearly 10 percent profit decline for the quarter ending March 31, compared with the same period a year ago. However, the drop was not as steep as analysts had expected. Furthermore, certain segments of AT...

Google Lumbers In With Modest Q1 Growth

It's telling when a company in this market registers growth yet still comes under scrutiny because the growth wasn't as high as previous years. Then again, this is Google we're talking about -- the uber-corporation of the Web with seemingly limitless potential and promise. It still has both, of cour...

eBay Makes $1.2B Proposal for Korea’s Gmarket

eBay is making a play for one of the most wired nations in Asia with a $1.2 billion acquisition offer for South Korea's Gmarket, the country's largest online market. Under the terms of the proposal, eBay will make a cash tender offer of $24 per share for all outstanding Gmarket common shares and Ame...

eBay Suits Up Skype for 2010 IPO

eBay is planning to spin off Skype in a public offering next year. While Skype has been successful in terms of growing its user base since being acquired by eBay over three years ago, the VoIP service has proven to be a less-than-perfect match with the Internet auction powerhouse. "What can I tell y...

Disappearance of Books and Movies Shoves Amazon Into Tight Corner

What is worse: to be accused of prejudice, or accused of incompetence? In the e-commerce world, where how well one safeguards one's customer data is paramount to any reputation, taking a hit on the latter is a bitter pill to swallow. That is better, though, than to be viewed as a company that would ...

Tech Mahindra Swings In to Snap Up Stake in Scandal-Wracked Satyam

The four-month-long process to find a strategic investor for Satyam -- the India-based outsourcer that rattled the global business community with its ex-chairman's confession in January of longstanding accounting fraud -- is apparently over. Venturbay Consultants, a unit of Tech Mahindra, is acquiri...

YouTube, Universal Hook Up for Music Video Site

Google's YouTube and Universal Music Group are partnering to launch Vevo, a music video vehicle featuring UMG's videos. The site will launch in the coming months. Few details have been provided about the launch; however, both companies will share in the revenues, and additional deals with other musi...

Cisco Rolls In Tidal Software for $105M

Cisco has announced its intention to acquire Tidal Software for $105 million in cash and retention-based bonuses. The privately held company makes intelligent application management and automation software. Cisco says that the company's line will enhance its data center product and service delivery ...

Music-Download Pricing Drifts Away From 99-Cent Comfort Zone

Consumers have come to accept that songs can be purchased a la carte for 99 US cents via the Internet. That is a result, of course, of Apple's revolutionary introduction of the iPod music player and the iTunes music store several years ago. Before then, consumers had few options for downloading musi...

Sun Holds Its Breath but Doesn’t Turn Blue

Sun Microsystems has rejected IBM's offer to acquire it for $7 billion, a move that took the tech industry by surprise and sent Sun stock plummeting. Speculation is rampant as to why Sun Microsystems spurned the offer -- a move critics view as downright foolish in this economy -- as well as what th...

New Bill Would Give Feds Sweeping Cybersecurity Enforcement Powers

A bill introduced in the U.S. Senate would give the government dramatic new powers to regulate and enforce federal standards for cybersecurity. The government already monitors and regulates military networks, of course. However, the "Cybersecurity Act of 2009" would extend that control to private sy...

RIM Cuts Ribbon on BlackBerry App Store

BlackBerry maker Research In Motion has launched an App store for its iconic device. BlackBerry App World went live Wednesday morning with some 1,000 applications available. The site gives developers the option of setting up their own stores -- an interesting differentiator from other carriers' ap...

Growth in Online Advertising Slacking Off

There's good news and bad news in the latest Internet Advertising Revenue Report, newly released by the Interactive Advertising Bureau and PricewaterhouseCoopers. The good news is that Internet advertising revenues in the U.S. are still growing, topping $23 billion in 2008. The bad news: That growth...

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