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Musk Defends Autopilot Safety Record Following Fatal Crash
July 7, 2016
CEO Elon Musk on Wednesday accused Fortune magazine of incorrectly reporting Tesla Motors' handling of a fatal accident that involved a Tesla Model S. The incident took place in May. Musk's online post is the latest salvo in a war of wars between Fortune and Tesla. Musk accused Fortune, in essence, of jumping the gun in its reporting of Tesla's response to the accident.
Verizon's Mission of Self-Destruction
June 27, 2016
Customers and investors increasingly are wondering why Verizon and Verizon Wireless are hurting themselves with their actions. For starters, Verizon decided to battle its own striking workers on the public stage. That battle shed lots of bad blood, and it will be tough to close those wounds. Many companies experience strikes, but most are settled quickly and quietly.
Tesla Shares Tank on SolarCity Merger Proposal
June 23, 2016
Shares of Tesla Motors fell sharply Wednesday after the company, helmed by Elon Musk, made an offer to buy SolarCity for $2.8 billion. Musk is the chairman and top shareholder of the struggling alternative energy provider. Tesla made the offer Monday, in a letter to SolarCity CEO Lyndon Rive, noting that Musk and Antonio Gracias would recuse themselves from voting on the proposal.
WatchOS 3 Offers New Hope for Smartwatch Category
June 16, 2016
Apple finally responded to concerns that were threatening to scuttle its once-promising wearables category. Its introduction of watchOS 3 at this week's WWDC has drawn high praise. The Apple Watch represented the company's attempt to marry the ultimate Dick Tracy smart gadget with the genius of the iPhone, but it fell short. Instead of a convenience, it was far too slow and complicated.
Uber Scores Historic $3.5B Saudi Investment
June 2, 2016
Uber has nailed down a record $3.5 billion investment from the Saudi Arabian Public Investment Fund -- the largest-ever investment in a closely held technology firm. The investment is part of a deal that will allow Uber to expand its Middle East operations. Yasir Al Rumayyan, managing director of the fund, will take a seat on Uber's board of directors.
Microsoft Drastically Scales Down Smartphone Biz
May 25, 2016
Microsoft on Wednesday announced plans to streamline its smartphone business by cutting 1,850 jobs. It will record an impairment charge of $950 million, with severance payments accounting for $200 million of the charge. The restructuring will entail up to 1,350 job losses at Microsoft Mobile Oy in Finland, and 500 more cuts around the world.
Twitter Loosens Tweet's Leash
May 25, 2016
Twitter on Tuesday announced a number of changes to tweets, including what will be included in a message's 140-character count. The changes will be rolled out in the coming months. When replying to a tweet, tagged @names at the beginning of the reply no longer will be included in the character count. Photos, GIFs, videos, polls and quote tweets won't be counted against the character limit.
Yahoo Bids Could Seriously Underwhelm
May 24, 2016
Bids for Yahoo's core assets were expected to come in at between $2 billion and $3 billion, far below prior estimates that it could fetch $4 billion to $8 billion at auction, according to a news report published last week. Verizon, which remains the leading candidate for Yahoo's assets, and other contenders met with CEO Marissa Mayer at the company's Sunnyvale, California, headquarters
New SF Store Showcases Apple's Trademark Creativity
May 24, 2016
Apple last week opened a San Francisco flagship store in the city's tony Union Square shopping district. The store has a 42-foot-tall sliding glass door and a 50-foot tall green wall and is powered by 100 percent renewable energy. "We have a deep commitment to the cities we work in and are aware of the importance that architecture plays in the community," Apple's Jonathan Ive said.
New Facebook Stock Class to Keep Zuckerberg in Driver's Seat
April 29, 2016
Facebook on Wednesday announced its board of directors is proposing a new class of shares that will allow its founder to pursue a number of different initiatives while maintaining long-term control over the company. The news came on the heels of a blockbuster first quarter earnings report. The plan calls for Facebook to offer non-voting Class C capital stock, which will allow CEO Mark Zuckerberg to pursue his long-term vision.
Yahoo Expands Board to Appease Contentious Investor
April 28, 2016
Yahoo on Wednesday announced that it has reached a deal with Starboard Value to add four independent directors, thus avoiding a proxy fight with a key investor that has been seeking radical changes at the company. Under the agreement, Starboard CEO Jeff Smith will join Yahoo as an independent director and will be a member of the company's Strategic Review Committee.
Wall Street Pummels Apple After Weak Q2 Earnings Report
April 28, 2016
Apple shares were trading at around $95 as of mid-day Thursday in the wake of the company's disappointing Q2 earnings report. That was even lower than Wednesday's opening price, which was down more than $8 from Tuesday's $104.35 at market close. The company's second-quarter performance was dismal. The iPhone recorded its first drop in sales -- to 51.2 million units, down from 61.2 million in the year-ago quarter.
Apple's Q2 Report Expected to Be Light on Good News
April 26, 2016
Apple shares closed at $105.08 Monday -- down 60 cents -- as the market steeled itself for what's expected to be a gloomy quarterly earnings call on Tuesday. Apple will underperform the smartphone industry and become the only global top-five brand to see shipments decline in 2016, predicted Ming-Chi Kuo, a KGI Securities analyst who previously has made several accurate calls on the company.
Unicorn Herd Threatens Silicon Valley, Warns VC
April 23, 2016
The age of Unicorn investing has led to alarming overvaluations of startups that could result in an afterparty roll call not seen since 1999, Silicon Valley VC Bill Gurley warned Thursday. Gurley, a general partner at Benchmark, raised a red flag over the large number of tech startups valued at more than $1 billion, and suggested that the rise of Unicorn fundraising has put the financial health of the industry at risk.
Verizon May Be Tuning Up for Yodeling Contest
April 9, 2016
Verizon reportedly is planning to make a formal first-round bid for the core assets of Yahoo when the company begins fielding offers on Monday. Verizon, whose CEO last month confirmed his company's interest, is working with executives of its AOL subsidiary and three financial advisors to put together a bid by the April 11 deadline, according to the report.
Report Throws the Book at Yahoo
April 8, 2016
Yahoo is in the midst of a financial freefall, based on a report that claims the company's deal book shows a muddled and confusing financial picture that has made potential investors nervous about any effort to salvage the business. Yahoo's internal presentation for investors paints a picture of a company moving entirely in the wrong direction, according to the report.
Hard-Pressed Pebble Sheds 25 Percent of Workforce
March 29, 2016
Pebble -- once viewed as the little smartwatch company that could -- last week cut its worldwide workforce by 25 percent, according to news reports. That's reportedly about 40 people, but actual figures are hard to come by because Pebble is privately held. The company has raised $46 million, but CEO Eric Migicovsky blamed the layoffs on the difficulty of raising funds in Silicon Valley these days.
Salesforce Springs Some Q4 Surprises
February 26, 2016
Salesforce shares held strong on Friday, following Thursday's spike on the company's release of a fiscal fourth-quarter earnings report that beat Wall Street estimates and raised revenue guidance for 2017. The stock finished up 11 percent Thursday, at $69.42, and held the gains on Friday, closing at $69.11. Fourth-quarter revenue was $1.81 billion, an increase of 25 percent from a year ago.
Yahoo Sets Itself Up for Buyout
February 20, 2016
Yahoo on Friday announced that it has hired banking advisers and formed a committee to explore its strategic alternatives, the latest indication that it's serious about pursuing a possible sale. The committee, along with advisers Goldman Sachs, J.P. Morgan Chase and PJT Partners, will identify and recommend to the board transactions that it deems beneficial to employees and shareholders.
Groupon Flies High on Alibaba Investment
February 17, 2016
Groupon's stock slipped a little on Wednesday, following Tuesday's dramatic 40 percent spike on the news that Alibaba had purchased about a 5 percent stake in the company. Alibaba last week disclosed in a filing with the Securities and Exchange Commission that it had bought about 33 million shares of Groupon. The disclosure boosted shares of Alibaba, as well as the struggling Yahoo, which owns a stake in Alibaba.
Twitter's New Algorithm Raises De-Democratization Fears
February 10, 2016
Twitter on Wednesday gave users the option of using a new algorithmically organized feed that would deliver more relevant messages -- not necessarily the newest -- first. The new approach to disseminating tweets was spearheaded by Twitter's CEO Jack Dorsey, who is under pressure because of the company's lack of growth. Compared to other social media sites, like Facebook, Twitter is lagging behind.
Twitter Clobbered Over Timeline Algorithm Plans
February 9, 2016
Twitter plans to introduce an algorithmic timeline, possibly this week, according to a report last week. The algorithm would organize tweets based on relevancy. Twitter users criticized the idea using the hashtag #RIPTwitter, prompting CEO Jack Dorsey to respond: "Regarding #RIPTwitter: I want you all to know we're always listening. We never planned to reorder timelines next week."
LinkedIn Stock Tanks Despite Company's Professed Confidence
February 8, 2016
LinkedIn last week lost about $11 billion in market valuation after it provided a 2016 revenue forecast that fell short of analysts' expectations. The company's stock fell by as much as 44 percent Friday afternoon, with shares hitting a three-year-low of $108. LinkedIn generated $862 million in revenue in its fourth quarter of 2015, a 34 percent gain year over year.
The Next President's Alternative Energy Agenda
February 4, 2016
Alternative energy has become a real growth engine during the last several years. It seems to bounce up and down, depending on the leadership in the White House. President Obama is a supporter, so growth has been relatively strong in recent years. The big question is, what will happen under a new president? That is a question every investor and industry worker is asking.
Virtual Reality May Be Coming Around Again for Nintendo
February 3, 2016
Nintendo is looking into virtual reality, 20 years after its failed Virtual Boy console, suggest reports that surfaced Tuesday. Nintendo President Tatsumi Kimishima reportedly described VR as "interesting technology" during an earnings call to discuss the company's Q3 financial report. With VR finally poised to break into the mainstream, it could find a way forward by returning down an old path.
Alphabet Leapfrogs Apple to Top of the Heap
February 3, 2016
Google's new parent, Alphabet, sent a tingle up the spine of investors on Monday after reporting fourth quarter earnings that exceeded expectations. The good news sent its share price skyward, resulting in a market valuation that surpassed Apple, which for years has been the most-favored technology firm on Wall Street. Alphabet reported adjusted earnings of $8.67 per share.
Facebook Bathes in Q4 Mobile Magnificence
January 28, 2016
Facebook on Wednesday reported earnings of 79 cents per share on $5.84 billion in revenue for Q4 2015, and annual revenue of $17.93 billion, an increase of 44 percent year over year. Net income for the full year ended Dec. 31 was $3.69 billion. Analysts reportedly had expected per-share earnings of about 68 cents on revenue of $5.37 billion for the quarter.
Sprint to Lay Off Thousands of Customer Service Reps
January 28, 2016
Sprint plans to lay off about 2,500 employees, including five vice presidents, according to news reports this week. About 2,000 of the cuts are in customer service. The company reportedly will close or reduce operations at six customer care centers: at its Overland Park headquarters in Kansas and in Colorado, New Mexico, Tennessee, Texas and Virginia.
Wall Street Backs Off Apple
January 28, 2016
Their fears confirmed, investors were bearish on Apple Wednesday, the day after the company reported its slowest-growth quarter ever. The company's shares closed the day at $93.44, down 6.55 percent. In its Q1 earnings report, Apple prepared investors for what may come next: its weakest quarter for iPhone sales in 13 years. Even worse is its gloomy forecast for next quarter's iPhone sales.
GoPro Shooters Can Send Live Streams Up Periscope
January 27, 2016
GoPro on Monday announced an integration with Twitter's Periscope app that allows live streaming from a GoPro Hero4 camera. Periscope users can switch between broadcasting from their iPhone's camera to their GoPro directly from the phone screen with the touch of a button, GoPro said. The feature allows GoPro shooters to use the Periscope interface like a production switchboard.
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Genesys OEC Video
What's your alarm level over cyberattacks on the Internet's infrastructure?
Red: A deadly cyberwar will occur -- It's when, not if.
Orange: A big one could be costly and threaten public safety.
Yellow: We need to improve cybersecurity at a faster pace.
Blue: Regional outages will become more frequent and more annoying.
Green: There's no way anyone could take out the entire Internet.