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Sep 21, 2011

HP’s board may oust CEO, hire eBay vet -source

Sept 21 (Reuters) – Hewlett-Packard Co’s (HPQ.N: Quote, Profile, Research, Stock Buzz) board
convened on Wednesday to consider ousting Chief Executive
Officer Leo Apotheker after less than a year on the job and
replacing him temporarily with former eBay (EBAY.O: Quote, Profile, Research, Stock Buzz) CEO Meg
Whitman, a source familiar with the matter said.

The board of directors — facing shareholder lawsuits and
intensifying criticism from investors — is thrashing out a
host of issues, including whether to name Whitman as the
interim CEO, the source told Reuters,

Sep 21, 2011

Oracle expects strong Q2, firms up tech outlook

By Sinead Carew and Edwin Chan

(Reuters) – Oracle Corp forecast earnings for the current quarter that are higher than expected, as well as robust software sales, offering some reassurance to investors hoping that global technology spending is holding up.

Its shares rose 3 percent after it said new software sales, a gauge of future profit because they generate high-margin long-term service contracts, increased 17 percent in its first fiscal quarter, ended August 31. Analysts had expected 15 percent.

Sep 17, 2011

Bachmann woos California, flaunts business savvy

LOS ANGELES (Reuters) – Presidential candidate Michele Bachmann drew a rousing reception from Republicans at their California convention on Friday, raising hopes the Tea Party favorite might be able to put a faltering campaign back in gear.

Bachmann, who received a standing ovation when she took the podium in Los Angeles, touched on everything from taxes to healthcare in a rambling address, but it was her championing of small business as the backbone of the economy that resonated with an affluent, friendly crowd.

Sep 16, 2011
via MediaFile

Brace yourselves: (former?) video titan takes aim at Netflix

By Lisa Richwine

It’s getting crowded in Netflix-land.

The field of players battling for customers in the fast-growing online video market may soon get another big-name entrant: Blockbuster, reinventing itself under new owners Dish after a disastrous run, looks ready to launch its long-awaited move into instant video streaming next week, another shot at grabbing customers frustrated with Netflix.

Blockbuster, a unit of Dish Networks, set a press conference for next Friday in San Francisco coyly named “A Stream Come True,” where it promises to unveil “the most comprehensive home entertainment package ever.”

Sep 15, 2011
via MediaFile

Disney’s channel chief latest Mouseketeer to hit the road

For the second time this month, a senior Disney executive is heading for the exits.

The head of Disney Channels Worldwide, Carolina Lightcap, resigned from the company on Thursday after less than two years in the job overseeing the Disney Channel, Disney XD and Disney Junior cable networks.

Sep 14, 2011
via MediaFile

Facebook’s ads: now 68 percent more likely not to be forgotten

(By Alexei Oreskovic)

Pop quiz: what was the last ad you saw on the Web?

According to Facebook’s head of advertising products Gokul Rajaram, you would be exactly 68 percent more likely to remember the pitch if the ad was “social”.

Rajaram said that Facebook’s various types of social ads, which can include product endorsements from a Facebook user’s friends, offer the cure to the so-called banner-ad blindness that many Web surfers seem to suffer from.

Sep 7, 2011

Yahoo CEO Bartz fired over the phone, ends rocky run

SAN FRANCISCO (Reuters) – Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous two-year tenure marked by stagnating growth and a rift with Chinese partner Alibaba.

“I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward,” Bartz said in a two-sentence email to employees obtained by Reuters.

Sep 7, 2011

Yahoo fires Bartz, ends tumultuous tenure

SAN FRANCISCO, Sept 6 (Reuters) – Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz)
Chairman Roy Bostock fired CEO Carol Bartz over the phone on
Tuesday, ending a tumultuous two-year tenure marked by
stagnating growth and a rift with Chinese partner Alibaba.

“I am very sad to tell you that I’ve just been fired over
the phone by Yahoo’s Chairman of the Board. It has been my
pleasure to work with all of you and I wish you only the best
going forward,” Bartz said in a two-sentence email to employees
obtained by Reuters.

Aug 26, 2011

When a slimmer iPhone just isn’t good enough

NEW YORK/SAN FRANCISCO, Aug 26 (Reuters) – Tim Cook has big
shoes to fill and he can’t do it by just pushing out snazzier
versions of the iPhone or iPad.

Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) newly minted CEO needs a revolutionary
product to prove he has the chops to succeed Steve Jobs, and that
may be a full-on assault on the living room by as early as 2013,
analysts and industry experts say.

Aug 26, 2011

Analysis: When a slimmer iPhone just isn’t good enough

NEW YORK/SAN FRANCISCO (Reuters) – Tim Cook has big shoes to fill and he can’t do it by just pushing out snazzier versions of the iPhone or iPad.

Apple Inc’s newly minted CEO needs a revolutionary product to prove he has the chops to succeed Steve Jobs, and that may be a full-on assault on the living room by as early as 2013, analysts and industry experts say.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
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