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AOL will buy the content-targeted advertising specialist Quigo, signaling that an aggressive spending spree meant to make it more of a player in the Internet advertising marketplace may be coming to a close AOL parent company Time Warner said it had reached a deal to buy the New York-based firm for an undisclosed sum, though a number of published r...
The two leading social networking sites -- Facebook and News Corp.'s MySpace -- are both launching advertising programs this week aimed at allowing marketers to tightly target their audiences by using information from user profiles and other data MySpace announced the pending launch of "SelfServe by MySpace," an advertising-ordering, creation and s...
Seeking to unlock value from a years-long acquisition spree, IAC/Interactive said Monday it will split into five publicly traded companies, leaving the Ask.com search engine as the core IAC holding, along with other Internet interests IAC's board has approved a plan to spin off four new companies: HSN, which will hold the company's retail interest,...
CreditCards.com, a Web-based distributor of credit cards to consumers, hopes to raise as much as US$185 million through an initial public offering (IPO), the company said Friday The Austin, Texas-based firm still does not have a firm date for its offering, first announced in August, but in a filing with the Securities and Exchange Commission (SEC) ...
Media giant Viacom, which has invested heavily to expand its footprint on the Web, said its "Transformers" movie franchise and the sale of its music publishing business helped it record an 80 percent jump in third-quarter earnings Viacom earned US$641.6 million, or 96 cents a share, up 80 percent when compared with $356.8 million, or 50 cents, a ye...
Cisco on Thursday unveiled a long-term plan meant to significantlyexpand its presence in China, saying it would spend as much as US$16 billion -- nearly double the $8.5 billion it has spent in the past five years -- to build out the footprint it started there nearly 14 years ago Cisco laid out a three-to-five year plan that calls for it to work wit...
IBM on Thursday unveiled a slew of new security products and services, and said it would continue to invest heavily in security innovations to address customer needs for a more comprehensive approach to information technology risk On the heels of a security-related buying spree, Big Blue said it will spend at least US$1.5 billion during 2008 to rou...
In a move that could finally help clear up a cloud that has hung over the company for more than a year, Dell on Tuesday restated earnings for four full fiscal years and part of a fifth, cutting its net income over that time by US$92 million in the process The Round Rock, Texas-based company filed with the U.S. Securities and Exchange Commission pas...
Satellite radio provider Sirius reported Tuesday that it added more than a half-million new subscribers in the third quarter, growth that helped it narrow its financial losses Sirius, which is still awaiting regulatory word on its planned merger with rival XM, said revenue for the quarter was up 45 percent to US$241.8 million from $167.1 million in...
In a move that could create millions of potential new customers for telecommunications companies now hawking video service and deal a blow to cable companies, the Federal Communications Commission (FCC) appears poised to ban deals that give cable carriers exclusive access to residents of large apartment complexes The FCC is scheduled to hold a hear...
Verizon Communications' earnings fell compared with a year ago, but the company still managed to beat forecasts as it grew revenue on the strength of its wireless business and its small but fast-growing television services The company's revenue for the third quarter was US$23.8 billion, up 5.8 percent from $22.5 billion in the same quarter of last ...
Many high-technology manufacturers are knowingly putting their intellectual property at risk by collaborating with partners and suppliers with communication tools that they don't consider secure, according to a survey Microsoft commissioned The survey of high-tech manufacturers found many now using Web-based e-mail and instant messaging platforms d...
Microsoft posted strong first-quarter earnings Thursday and issued a buoyant forecast, capping a week of positive news for the software giant and prompting investors to send its shares to new high levels for the year Microsoft -- which on Wednesday beat out rival Google to take a stake in Facebook and on Monday finally settled its antitrust case wi...
Microsoft will pay US$240 million for a small ownership stake in Facebook and the right to deliver ads to its members around the world, a move that values the four-year-old social networking firm at $15 billion The agreement, billed as a strategic alliance by the two companies, calls for Microsoft to become the exclusive ad provider for Facebook --...
Amazon's stock was down about 12 percent Wednesday despite posting earnings that were better than expected and predicting a record holiday quarter, as a lower-than-expected profit outlook weighed on investors The e-commerce giant managed to post a four-fold increase in net earnings for its third quarter, growing net income to US$80 million, a 313 p...
One by one, major technology vendors are rolling out programs meant to offer small businesses the chance to source all of their tech needs, from desktop and mobile PCs to printers, servers and software to support it all The trend is unmistakable and, in recent months, everyone from Dell to IBM to retail chain Best Buy have rolled out programs offer...
Hoping to turn up the heat on BEA's board of directors, Oracle on Tuesday set a deadline for the company to accept its US$6.7 billion buyout offer In a letter to BEA's board, Oracle said its current offer of $17 per share in cash would expire at 5 p.m. on Sunday. The BEA board has rejected its offer three times now and has declined an offer to mee...
Dell on Monday added office superstore Staples as another partner to its growing roster of retailoutlets as it changes its strategy in a bid to grab back lost marketshare Staples will sell selected Dell desktop and notebook PCs as well as printers and accessories in 1,400 of its stores nationwide and on its Web site beginning next month....
Microsoft will not appeal the 2004 ruling against it by European antitrust regulators any further and has reached an agreement to bring it into compliance with all aspects of the ruling's wide-ranging penalties Microsoft had the option of appealing a ruling made in September by the Court of First Instance (CFI), which upheld the original antitrust ...
Amid a sea of largely positive technology earnings, Advanced Micro Devices posted mixed results Thursday, with acquisition costs denting profits even as the company shipped a record-high number of processors for a third quarter AMD did manage to beat Wall Street estimates for revenue, posting sales of US$1.6 billion, up from $1.33 billion in the th...
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