MacNN | Investor News

Dish gives up on Sprint merger attempt, continues for Clearwire

Wed, 19 Jun 2013 14:49:00 GMT

Dish Network has halted its battle with Japanese carrier Softbank for Sprint, after failing to provide a final offer for a <a href="http://macnn.com/rd/288024==http://www.electronista.com/articles/13/04/15/proposal.would.spoil.existing.softbank.sprint.deal/" rel='nofollow'>merger</a>. The withdrawal now allows SoftBank to continue in its attempt to acquire Spr...

Nvidia changing tack: commencing Kepler, Logan licensing programs

Wed, 19 Jun 2013 01:02:00 GMT

Marking a sea change in the company's plan, <a href="http://macnn.com/rd/288008==http://www.nvidia.com/page/home.html" rel='nofollow'>Nvidia</a> CEO Jen-Hsun Huang has declared that his company will license new graphics processing technologies to other companies, in addition to manufacturing the chips themselves. The new move is expected to help Nvidia capital...

Report: Huawei considering 'synergies' in Nokia purchase

Tue, 18 Jun 2013 22:46:00 GMT

According to reports, the chairman of Huawei's consumer business group has given some thought to a Nokia acquisition. At the launch of the <a href="http://macnn.com/rd/287982==http://www.electronista.com/articles/13/06/18/ascend.p6.uses.47.inch.1280x720.display.metallic.case/" rel='nofollow'>Ascend P6</a> smartphone in London, Chairman Richard Yu noted that th...

Oculus Rift headset receives $16 million first-round funding

Mon, 17 Jun 2013 21:50:00 GMT

<a href="http://macnn.com/rd/287884==http://www.oculusvr.com" rel='nofollow'>Oculus VR, Inc.</a>, a virtual-reality headset manufacturer, today announced that it has closed a deal for $16 million in funding. The round was co-led by Spark Capital and Matrix Partners. Santo Politi, Spark founder and general partner; and Antonio Rodriguez, entrepreneur and genera...

Layoffs wrack IBM; 1300 workers cut from US workforce, 8000 coming

Thu, 13 Jun 2013 19:32:00 GMT

IBM yesterday commenced layoffs in the US, with a round of 1,300 people now looking for work. The move begins IBM's previously announced global restructuring plan that began in April after bad first quarter financial results. The restructuring is expected to cost the company $1 billion worldwide, including severance expenses and other one-time charges related to the layoffs....

Sprint and Dish merger talks halted, final Dish offer due on June 18

Wed, 12 Jun 2013 02:29:00 GMT

Merger talks between <a href="http://macnn.com/rd/287525==http://www.electronista.com/articles/13/04/15/proposal.would.spoil.existing.softbank.sprint.deal/" rel='nofollow'>Dish Network and Sprint</a> seem to have come to an impasse. According to sources familiar with the matter, a number of disagreements have scuttled the multi-billion dollar deal -- including...

YouTube mobile revenue grows to $350 million, new iOS app cited

Fri, 07 Jun 2013 02:40:00 GMT

Advertising revenue generated specifically by <a href="http://macnn.com/rd/287186==http://www.youtube.com/" rel='nofollow'>YouTube</a> has tripled on mobile devices, including smartphones and tablets -- giving nearly $350 million to parent company Google's coffers. According to the search engine, about 250 million global users view content on handheld devices,...

Apple's timing on bond sale will save company $724 million or more

Tue, 04 Jun 2013 00:30:00 GMT

Whether by coincidence or foresight, Apple could <a href="http://macnn.com/rd/286913==http://www.bloomberg.com/news/2013-06-03/apple-saves-724-million-with-well-timed-sale-corporate-finance.html" rel='nofollow'>hardly have picked a better day</a> than April 30 to have sold its <a href="http://macnn.com/rd/286914==http://www.macnn.com/articles/13/04...

Zynga axes 500, closes three offices; new focus mobile-only

Mon, 03 Jun 2013 20:44:00 GMT

Game developer <a href="http://macnn.com/rd/286893==http://www.electronista.com/tag/Zynga" rel='nofollow'>Zynga</a> today announced that it has commenced laying off 520 employees, and closing offices in Dallas, Los Angeles, and New York, with an estimated completion date of the moves by the end of August. The moves are described as "substantial cost reduc...

Roku gains $60M in new funding round, working on Smart TV software

Fri, 31 May 2013 14:10:00 GMT

<a href="http://macnn.com/rd/286727==http://www.roku.com/" rel='nofollow'>Roku</a> has received another injection of investment to develop its streaming set-top box. The $60 million round of funding comes from new investors Fidelity and Hearst Corp, as well as from <a href="http://macnn.com/rd/286728==http://www.electronista.com/articles/12/07/26/f...

Analyst: iPhone sales up 400 percent in India since January

Fri, 31 May 2013 05:20:00 GMT

According to <a href="http://macnn.com/rd/286705==http://appleinsider.com/articles/13/05/30/apples-indian-iphone-sales-reportedly-up-400-thanks-to-aggressive-pricing-strategies" rel='nofollow'>a report</a> from a Credit Suisse analyst, Apple is now selling nearly <a href="http://macnn.com/rd/286706==http://economictimes.indiatimes.com/tech/hardware...

WSJ: Pegatron, not Foxconn, to be primary source of 'low-cost iPhone'

Thu, 30 May 2013 03:30:00 GMT

Apple may be turning to another of its partners and away from Foxconn as the <a href="http://online.wsj.com/article_email/SB10001424127887323855804578511122734340726-lMyQjAxMTAzMDIwOTEyNDkyWj.html">primary supplier</a> of some future Apple products, if a report from the Wall Street Journal is correct. The paper reports that...

Briefly: Samsung opens Finland R&D, ST-Ericcson sells GPS to Intel

Tue, 28 May 2013 21:46:00 GMT

Samsung has revealed it will be soon opening an expansive research facility in Espoo, Finland. The Samsung Electronics Research Institute is scheduled to open on June 13, and is likely related to Samsung's partnership with Finland's VTT Technical Research Center for development of new energy efficient technology....

Apple's April stock tumbles blamed on short-sellers

Tue, 28 May 2013 16:13:00 GMT

Deep plunges in Apple's stock price during the month of April can be blamed on short-sellers, notes Fortune. Between the 15th and the 30th, short interest in Apple doubled to a record 41.6 million shares. That caused pricing to <a href="http://tech.fortune.cnn.com/2013/05/28/apple-short-interest-swarmed/">fall</a> substan...

First round of bidding for Hulu ends this week, four bids rumored

Fri, 24 May 2013 08:20:00 GMT

Four parties have allegedly placed bids to purchase streaming service <a href="http://macnn.com/rd/286283==http://www.electronista.com/articles/13/03/26/streaming.service.yet.to.receive.formal.offer.for.sale/" rel='nofollow'>Hulu</a>, with the first round of bidding apparently due to end this week. Guggenheim Digital Media, DirecTV, and Time Warner Cable are s...

Lenovo full year results claim record $34B annual sales revenue

Thu, 23 May 2013 15:57:00 GMT

<a href="http://macnn.com/rd/286214==http://lenovo.com/" rel='nofollow'>Lenovo</a> has managed to reach new records in annual sales and annual pre-tax income over the last year, according to its latest quarterly financial <a href="http://macnn.com/rd/286215==http://news.lenovo.com/article_display.cfm?article_id=1685" rel='nofollow'>upda...

HP posts quarterly earnings beating estimates, Wall Street unimpressed

Wed, 22 May 2013 21:55:00 GMT

<a href="http://macnn.com/rd/286166==http://www.hp.com" rel='nofollow'>HP</a> today announced financial results for its second fiscal quarter ended April 30, 2013. Second quarter diluted earnings per share was $0.55, down from $0.80 in the prior-year period and above its previously provided outlook of $0.38 to $0.40 per share. For the second quarter, net reven...

Irish finance minister takes umbrage to US tax shelter accusations

Wed, 22 May 2013 21:13:00 GMT

Following Apple's testimony before the <a href="http://macnn.com/rd/286164==http://www.macnn.com/articles/13/05/21/chairman.believes.apple.exploiting.absurdity.of.tax.laws/" rel='nofollow'>US Senate</a>, Ireland's finance minister Michael Noonan declared that neither he nor his country would be the "whipping boy" for US tax loopholes. The US-led inve...

Google, Yahoo, Cisco under scrutiny after Apple tax avoidance hearing

Wed, 22 May 2013 15:31:00 GMT

Large tech firms are coming under scrutiny over their tax avoidance measures, following the <a href="http://macnn.com/rd/286123==http://www.macnn.com/articles/13/05/21/chairman.believes.apple.exploiting.absurdity.of.tax.laws/" rel='nofollow'>testimony</a> of Apple executives to a US Senate Permanent Subcommittee. Google, Yahoo, Cisco, and other multinational c...

Samsung acquires 10 percent stake in Pantech for $47.6M

Wed, 22 May 2013 10:45:00 GMT

Samsung has bought a 10 percent stake in South Korea-based mobile producer <a href="http://macnn.com/rd/286098==http://www.pantechusa.com/" rel='nofollow'>Pantech</a>. The purchase of shares in the country's third-largest smartphone manufacturer, reported to be worth 53 billion won ($47.6 million), will make Samsung the third-largest stake holder, just behind ...

Apple shares executives' opening statements from US Senate testimony

Tue, 21 May 2013 22:12:00 GMT

Apple has posted the opening statements two of its executives -- CEO Tim Cook (<a href="http://images.apple.com/pr/pdf/timcookopeningstatement.pdf">PDF</a>) -- and CFO Peter Oppenheimer (<a href="http://images.apple.com/pr/pdf/oppenheimeropeningstatement.pdf">PDF</a>) -- made during their <a href="http://www.ma...

Senators Levin, McCain accuse Apple of exploiting offshore tax havens

Mon, 20 May 2013 23:11:00 GMT

In the wake of <a href="http://www.electronista.com/articles/13/05/20/pushes.agenda.friendly.to.repatriating.foreign.cash/">Apple's published testimony</a>, US Senators Carl Levin (D-MI) and John McCain (R-AZ) have released their own joint statement on the work of the Senate Permanent Subcommittee on Investigations. "Apple Inc. has used a complex web of ...

Apple publishes official testimony ahead of Cook Senate appearance

Mon, 20 May 2013 19:55:00 GMT

A day ahead of CEO Tim Cook's <a href="http://macnn.com/rd/285983==http://www.electronista.com/articles/13/05/15/apple.other.companies.accused.of.trying.to.avoid.tax.share/" rel='nofollow'>planned appearance in front of the US Senate</a>, Apple has published its official testimony (<a href="http://macnn.com/rd/285984==https://www.apple.com/pr/pdf/A...

Yahoo confirms Tumblr acquisition, Tumblr to remain independent

Mon, 20 May 2013 15:23:00 GMT

<a href="http://macnn.com/rd/285947==http://www.yahoo.com" rel='nofollow'>Yahoo</a> has confirmed it has bought <a href="http://macnn.com/rd/285948==http://www.tumblr.com" rel='nofollow'>Tumblr</a>, in a deal <a href="http://macnn.com/rd/285949==http://www.electronista.com/articles/13/05/19/stagnant.internet.gi...

Yahoo schedules press event for May 20, topic 'something special'

Fri, 17 May 2013 23:52:00 GMT

<a href="http://macnn.com/rd/285888==http://www.yahoo.com/" rel='nofollow'>Yahoo</a> is holding a "product-related" event on May 20. The New York City event will see CEO Marissa Mayer speaking on an undisclosed topic for about an hour at 5PM EST, which the company calls in an mass email "something special." ...

Yahoo, Tumblr reportedly in talks for strategic alliance, aquisition

Fri, 17 May 2013 10:12:00 GMT

<a href="http://macnn.com/rd/285800==http://www.electronista.com/articles/13/05/07/analyst.increases.yahoo.gross.revenue.estimate.by.60m/" rel='nofollow'>Yahoo</a> is in discussions to acquire or work with blogging service <a href="http://macnn.com/rd/285801==https://www.tumblr.com/" rel='nofollow'>Tumblr</a>, according to...

Mexican Superior Court tosses $2.75 billion damages award versus Yahoo

Thu, 16 May 2013 23:43:00 GMT

The Superior Court of Mexico has overturned a lower court ruling that found <a href="http://macnn.com/rd/285795==http://www.electronista.com/articles/12/11/30/mexican.court.hands.down.non.final.judgment/" rel='nofollow'>Yahoo liable</a> for $2.75 billion in damages. Plaintiffs Ideas Interactivas and holding company Worldwide Directories sued Yahoo over breach ...

Dell's final earnings report falls short of Wall Street estimates

Thu, 16 May 2013 21:32:00 GMT

<a href="http://macnn.com/rd/285790==http://www.dell.com" rel='nofollow'>Dell</a> today announced fiscal 2014 first quarter results, with revenue of $14.1 billion, as the company grew revenue from Enterprise Solutions, Services and Software 12 percent year over year to $5.5 billion, or 8 percent growth, excluding the recent acquisition of <a href="...

Cook speaks ahead of upcoming US Senate testimony

Thu, 16 May 2013 21:10:00 GMT

Ahead of the Apple CEO's <A href="http://www.electronista.com/articles/13/05/15/apple.other.companies.accused.of.trying.to.avoid.tax.share/">US Senate testimony</a>, Tim Cook has replied to questions about politics and Apple's offshore tax practices in a new Politico interview. "We don't have a large presence in Washin...

Latest Apple dividend payment distributes over $2.8B to shareholders

Thu, 16 May 2013 20:15:00 GMT

Apple is today paying out its latest dividend to shareholders. The amount is rated at $3.05 per share, translating into a total of about $2.867 billion for all of the company's 940 million outstanding shares. To be eligible for the dividend, a person must have been a shareholder by May 13th; because qualifying purchases must be settled though, realistically, any stock must have been bought no la...

Apple CEO expected to show at Senate hearing on offshore tax issues

Wed, 15 May 2013 22:35:00 GMT

Apple will be the focus of a US Senate hearing next Tuesday, Politico says it has learned. The company's CEO, Tim Cook, is expected to testify in front of the Senate Permanent Subcommittee on Investigation regarding offshore tax practices. Other witnesses are also <a href="http://www.politico.com/story/2013/05/apple-hearing-offshore-tax-91425.html...

Apple drops below $400B in worth, Google surpasses $300B

Wed, 15 May 2013 20:43:00 GMT

Apple and Google both passed important financial milestones during Wednesday trading, notes The Next Web. While Apple's market value has fallen under $400 billion, Google's value has climbed over $300 billion. The surge in the latter company's worth is being linked to today's <A href="http://www.electronista.com/articles/13/05/15/google.kicks.off....

Sharp reports net loss of $5.3 billion, largest in 100-year history

Tue, 14 May 2013 13:38:00 GMT

Troubled electronics manufacturer <a href="http://macnn.com/rd/285522==http://www.electronista.com/articles/12/11/01/profit.expected.in.last.two.years.of.its.fiscal.year/" rel='nofollow'>Sharp</a> has reportedly had its largest yearly net loss in its century-long history. The losses of 545 billion yen ($5.3 billion), which is higher than any other result in it...

HP denies newspaper claims of Autonomy offering to SAP

Mon, 13 May 2013 23:58:00 GMT

A pair of contradictory reports have surfaced today, regarding the potential sale of HP's troubled acquisition Autonomy to German software powerhouse SAP. Initially, the <a href="http://macnn.com/rd/285483==http://www.thetimes.co.uk/tto/business/industries/technology/article3763018.ece" rel='nofollow'>Times of London</a> re...

Icahn: investors 'literally getting screwed' by Silver Lake Dell offer

Fri, 10 May 2013 21:31:00 GMT

Investor <a href="http://macnn.com/rd/285397==http://www.electronista.com/articles/13/04/06/icahn.still.pursuing.all.options.in.negotiations.with.the.special.committee/" rel='nofollow'>Carl Icahn</a> and Southeastern Asset Management have proposed a new offer to Dell shareholders, who are considering a proposal by founder Michael Dell's group of investors, inc...

Nvidia beats street, earns $954.7 million with $77.9 million profit

Thu, 09 May 2013 22:53:00 GMT

Graphic card producer <a href="http://macnn.com/rd/285296==http://www.nvidia.com/page/home.html" rel='nofollow'>Nvidia</a> today reported revenue for the first quarter of the company's fiscal 2014, which ended April 28. The company report income of $954.7 million, down 13.7 percent from $1.11 billion in the fourth quarter of fiscal 2013. The company posted a $...

YouTube and partners launch paid premium video channels

Thu, 09 May 2013 21:40:00 GMT

<a href="http://macnn.com/rd/285319==http://youtube-global.blogspot.com/2013/05/yt-pc-2013.html" rel='nofollow'>YouTube</a> has announced that is is opening a program for a "small group" of providers who will offer a subscription service of video content starting at $1 per month, but averaging overall just over $3 per channel. Starting today, partner...

Facebook reportedly in talks to acquire Waze with near-$1 billion bid

Thu, 09 May 2013 16:44:00 GMT

Crowdsourced traffic and navigation app service Waze may be acquired by Facebook, according to a report. The discussions between Waze and Facebook come months after a possible acquisition offer <a href="http://macnn.com/rd/285275==http://www.macnn.com/articles/13/01/04/elements.of.truth.to.all.reports/" rel='nofollow'>from Apple</a> and appears to be reaching ...

Ouya receives $15M extra investment, sets retail release for June 25

Thu, 09 May 2013 11:05:00 GMT

The makers of <a href="http://macnn.com/rd/285245==http://www.electronista.com/articles/13/02/07/ouya.to.get.annual.hardware.refreshes/" rel='nofollow'>Ouya</a>, the Android-based game console, has received extra funding from investors ahead of its launch. The additional outside investment has now allowed Ouya to set the date of the official <a href=&qu...

Report: Microsoft considering buying Nook Media for $1 billion

Thu, 09 May 2013 02:43:00 GMT

Reports have surfaced that Microsoft is allegedly offering $1 billion to buy the digital assets of <a href="http://macnn.com/rd/285226==http://www.barnesandnoble.com/u/nook/379003208" rel='nofollow'>Nook Media</a>, Barnes & Noble's venture into e-book publishing. Under the terms of the deal, Microsoft would redeem preferred units in Nook Media, which w...

Apple's Peter Oppenheimer ranks as highest-paid CFO for 2012

Wed, 08 May 2013 14:49:00 GMT

Apple's Peter Oppenheimer was the highest-paid chief financial officer during 2012, according to Bloomberg. The executive received compensation worth a theoretical $68.6 million, roughly 16 times what Apple CEO Tim Cook received for the year. By comparison, Oppenheimer's closest competition -- Oracle CFO Safra Catz -- was given $51.7 million, while Google CFO P...

T-Mobile USA gains prepaid customers for seventh quarter in a row

Wed, 08 May 2013 09:27:00 GMT

T-Mobile USA's first quarterly <a href="http://macnn.com/rd/285136==http://investor.t-mobile.com/phoenix.zhtml?c=177745&p=quarterlyearnings" rel='nofollow'>results</a> of the year appears to show its <a href="http://macnn.com/rd/285137==http://www.electronista.com/articles/13/03/25/uncarrier.plans.start.from.50.unlimited.4g.data.from.70/&qu...

Greenlight CEO Einhorn grows stake in Apple stock, cites buyback

Tue, 07 May 2013 22:18:00 GMT

In Greenlight Capital Investor's quarterly earnings conference call, Chairman <a href="http://macnn.com/rd/285107==http://www.macnn.com/articles/13/02/22/motive.still.appears.to.be.greed.over.company.good/" rel='nofollow'>David Einhorn</a> revealed that he has grown his stake in the company. The move was made in reaction to Apple's announcement of the <...

Aaron Greenspan sues most of Silicon Valley over money transfer laws

Tue, 07 May 2013 20:21:00 GMT

Frequent litigant Aaron Greenspan, one-time claimant to <a href="http://macnn.com/rd/285088==http://www.facebook.com/" rel='nofollow'>Facebook</a> co-foundership has filed a lawsuit against the vast majority of Silicon Valley's largest investors, and many Internet companies offering "money services businesses" with cash transfers as a primary product...

Microsoft extends revenue-per-search guarantee to Yahoo for one year

Tue, 07 May 2013 20:10:00 GMT

Microsoft has extended its revenue guarantee with Yahoo, according to an SEC filing. The revenue-per-search guarantee, part of the <a href="http://macnn.com/rd/285085==http://www.electronista.com/articles/09/07/29/ms.yahoo.search.deal/" rel='nofollow'>ten-year deal</a> the two companies struck in 2009, will be extended by one additional year, allowing Yahoo to...

SoftBank CEO promotes 4G expertise ahead of Sprint shareholder vote

Tue, 07 May 2013 11:14:00 GMT

SoftBank's CEO is continuing to talk-up his company's $20.1 billion offer to <a href="http://macnn.com/rd/285031==http://www.electronista.com/articles/12/10/15/japanese.carrier.to.pay.20.billion.for.sprint.share/" rel='nofollow'>buy out Sprint</a>, by claiming SoftBank's experience with 4G will help the US carrier. Network enhancements, such as SoftBank's sing...

Canaccord: Apple dominates smartphone profits, Samsung second

Mon, 06 May 2013 22:30:00 GMT

Samsung is steadily improving its profitability in the smartphone area, but Apple continues to be the <a href="http://www.electronista.com/articles/13/02/06/blackberry.nokia.motorola.cede.ground/">dominant player</a> when it comes to making money on smartphones sales according to the <a href="http://appleinsider.com/articles/13/05/06/apple-takes-57...

Asus sells 3 million tablets in Q1, plots smaller Windows 8 tablets

Mon, 06 May 2013 13:52:00 GMT

Asus managed to sell 3 million tablets in the first quarter, offsetting a drop in sales of notebooks and computer parts, according to the company's latest quarterly <a href="http://macnn.com/rd/284961==http://www.asus.com/Pages/Investor/" rel='nofollow'>results</a>. Overall, the company managed to earn $3.5 billion in revenues for the quarter, with its $202 mi...

Moody's estimates Apple saving up to $9.2B via bond sale

Fri, 03 May 2013 14:17:00 GMT

Apple's <a href="http://www.macnn.com/articles/13/04/30/goldman.sachs.deutsche.bank.confirmed.as.partners/">$17 billion bond sale</a> -- meant to help finance a $55 billion stock buyback, part of a plan to return $100 billion to shareholders by 2015 -- is saving the company about $9.2 billion in taxes, according to an estimate from Moody's Investment Services....

SEC approves SoftBank offer to Sprint, Dish chairman attacks proposal

Thu, 02 May 2013 17:19:00 GMT

The Securities and Exchange Commission has approved the proposal from SoftBank to <a href="http://macnn.com/rd/284777==http://www.electronista.com/articles/12/10/15/japanese.carrier.to.pay.20.billion.for.sprint.share/" rel='nofollow'>buy out Sprint</a>. While shareholders in the US carrier are expected to discuss and vote on the deal at a meeting next month, t...