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T-Mobile's 'Un-Carrier' Strategy Pays Off
November 06, 2013
T-Mobile U.S. ended its third quarter of 2013 with roughly a million more customers than it had at the end of the preceding quarter, it announced in an earnings report on Tuesday. Included among those new customers were 648,000 branded postpaid net customers for the quarter. T-Mobile now counts 45 million people as its customer base. It also reported that total revenues increased by 7.4 percent quarter-over-quarter.
Twitter's Got High IPO Hopes
November 04, 2013
Twitter on Monday gave would-be investors in its initial public offering more food for thought in a new Securities and Exchange filing. On one hand, it is clearly feeling confident about its valuation: The company raised the price range for its IPO to $23 to $25 per share, up from the $17 to $20 per unit it had established earlier. Twitter still intends to sell 70 million shares in the offering.
BlackBerry Loses Its CEO, Gets $1B and Yet Another Shot
November 04, 2013
BlackBerry shares fell 13 percent Monday morning on news that the company has abandoned its plan to sell itself to its largest shareholder, Fairfax Financial Holdings. Instead, it has entered into an agreement whereby Fairfax and other institutional investors will invest $1 billion in the company. That transaction is expected to be completed within the next two weeks.
Teen Dropout Rate Spooks Facebook Investors
October 31, 2013
Facebook on Wednesday reported a rise in third-quarter profit and growth in mobile ad revenue. It posted total revenue of $2.02 billion, a 60 percent jump from the $1.26 billion it reported in the year-ago quarter. Advertising accounted for $1.8 billion of that revenue. Facebook now has 1.19 billion active monthly users, an 18 percent jump from the same period a year ago.
Nintendo Shrugs Off Weak Wii U Sales, Plunges Ahead
October 30, 2013
Nintendo on Wednesday reported a net loss of about $81 million for the quarter ending Sept. 30 and blamed the dismal results at least in part on disappointing sales of its Wii U video game console. The company had reported a profit of roughly $87.5 million the previous quarter. Sales of the Wii U were actually up this quarter and nearly doubled from 160,000 for the previous three months.
Dell's Private Battle
October 30, 2013
Michael Dell's $24.9 billion deal to take his company private has closed. It's the final public chapter in the CEO's drawn-out battle to buy the company and rebuild it away from the scrutiny of investors. Some of Dell's board and major stockholders including investor Carl Icahn had argued against the deal, claiming that Dell shareholders would get the short end of the stick.
iTunes Radio Could Take the Sting Out of Apple's Limp Quarter
October 29, 2013
Apple on Monday announced its fourth-quarter earnings for fiscal year 2013, including revenue of $37.5 billion and a net profit of $7.5 billion, or $8.26 per diluted share. In the year-ago quarter, the corresponding figures were revenue of $36 billion and net profit of $8.2 billion, or $8.67 per diluted share. Apple this week also revealed that it sold 33.8 million iPhones.
Tobacco Firm Burned for Running Ad in Kids' App
October 29, 2013
British American Tobacco issued an apology after an ad for its e-cigarette brand, Vype, popped up in an iPad app for children. The Vype banner appeared inside the "My Dog My Style HD" game and was spotted by author and educator Graham Brown-Martin, who took to Twitter with a screenshot of the kiddy cig advertisement. British American Tobacco pulled its online advertising for Vype and issued an apology.
Apple Starts Serving Free Beer
October 28, 2013
Well we've had a few weeks of fun here in the Linux blogosphere dissecting Linux poll results, but last week brought those inwardly focused musings to an abrupt end. The cause? Yet another news flash from the outside world. The conversation was in full swing down at the blogosphere's Punchy Penguin when a turtleneck-clad stranger burst through the saloon's swinging doors.
Twitter Charts Conservative IPO Course
October 25, 2013
Twitter has set the price range for its highly anticipated initial public offering at between $17 and $20 per share, according to a document filed on Thursday with the Securities and Exchange Commission. The company plans to raise as much as $1.61 billion by selling between 70 million and 80.5 million shares. This puts the value of the company at $10.08 billion based on an $18.50 average price.
Microsoft Gets a Lift From the Cloud
October 25, 2013
Microsoft on Thursday announced revenue of $18.53 billion and net income of $5.24 billion for its first quarter of 2014. The earnings, which outperformed what analysts had been expecting, were driven in large part by strong sales of Office and the company's server software. They came in spite of the company's search for a new CEO and its larger push to reinvent itself.
Icahn Turns His Powers of Persuasion on Tim Cook
October 25, 2013
Carl Icahn turned his sights on Apple Wednesday, recommending the company buy back $150 billion in stock from the market. Apple stock is undervalued at the moment, making it an ideal time for a large repurchase of stock, Icahn reasoned in an open letter to Apple CEO Tim Cook posted on his new Investors Square Table website. Apple has a massive amount of cash on its balance sheet -- $147 billion.
AT&T Rustles Up New Subscribers, Beats Street
October 24, 2013
AT&T on Wednesday posted third-quarter earnings that beat analyst expectations with increases in revenue and net income, thanks largely to solid subscriber growth. It reported net income of $3.8 billion, or 72 cents per share, a 4.9 percent increase from the $3.6 billion, or 63 cents per share, it reported in the same quarter a year ago. Revenue was up 2.2 percent to $32.16 billion.
SEC Opens the Door to Crowdfunding
October 23, 2013
The Securities and Exchange Commission on Wednesday unanimously voted to propose new rules that would allow entrepreneurs to sell securities through crowdfunding portals such as Kickstarter. The new rules, which are part of Title III of the Jumpstart Our Business Startups Act, are now up for comment over a 90-day period.
Netflix Takes Stomach-Churning Dive
October 22, 2013
Netflix beat expectations with Q3 revenue of $1.11 billion -- up from $905 million in the same quarter a year ago. At first, investors seemed energized -- they sent the stock soaring to a daily high of $389.16 on Tuesday. Going into Tuesday afternoon, though, the stock cooled, dropping 9 percent to close at 322.52. BofA analysts said the company's valuation was "difficult to justify."
Solid Q3 Sends Google to Stratosphere
October 18, 2013
Investors sent Google's shares soaring past the $1,000 mark Friday following its stellar third-quarter earnings report. Google reported $14.89 billion in revenue, a 12 percent increase compared with the same time a year ago, beating Wall Street expectations. It posted net income of $2.97 billion, up from the $2.18 billion a year earlier. Google shares hit an all-time high of $1,015 on Friday.
Greenwald to Join Billionaire-Funded Journalism Project
October 17, 2013
Tech billionaire Pierre M. Omidyar, founder and chair of eBay, will team up with Guardian columnist Glenn Greenwald -- the first to open Edward Snowden's treasure chest of leaks -- to launch a mass media venture designed to foster top-flight journalism. Omidyar has long supported journalism. He has made grants to independent media outlets in Africa, as well as to government watchdogs in the U.S.
eBay Expects Holiday Season to Be a Nailbiter
October 17, 2013
eBay's third-quarter earnings report showed gains in revenue and earnings, but the company's stock dipped on its warning that a weak U.S. economy might lead to lower-than-expected fourth-quarter gains. Revenue was up 14 percent in eBay's third quarter, with the company bringing in $3.9 billion compared with the $3.4 billion it reported a year earlier.
Investors Give Yahoo Benefit of Doubt
October 16, 2013
Yahoo posted its third-quarter earnings report Tuesday, revealing a revenue and earnings slide as it continues to make acquisitions and launch new products. The company reported $1.08 billion in revenue excluding traffic acquisition costs, a 1 percent dip from the same period a year ago. Profit dropped to $297 million -- a 91 percent drop from a year earlier.
Facebook to Set Up Shop in Israel's Tech Hub
October 14, 2013
Facebook on Monday announced it was acquiring Onavo, a 3-year-old company that has developed a data compression technology for smartphones, among other things. Israel-based Onavo will give Facebook a foothold in a market known for its advanced tech talent base. While Facebook is clearly interested in global expansion, the driving focus behind this acquisition is most likely Onavo's technologies.

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