BOSTON/LOS ANGELES (Reuters) – Is Steve Jobs really worth just $6 billion?
Apple Inc’s revelation that its visionary CEO is taking his third medical leave of absence, this time for an indefinite period, sent shares in the world’s most prominent tech company barely 2 percent south, or roughly the same amount higher or lower on any other day.
There may never be a better time for Jobs to take a bow.
The company is kicking off 2011 on a roll, a cash-generating machine with surging sales of its iPad and iPhone. Wall Street has prognosticated a rise of more than 50 percent in quarterly revenue to $24.4 billion after a bumper holiday season.
LAS VEGAS (Reuters) – Nvidia Chief Executive Jen-Hsun Huang learned firsthand how pervasive — and demanding — mobile devices can be.
When he tried to demonstrate a tablet computer at the Consumer Electronics Show on Wednesday, so many people in the audience had their devices connected to the Web that the network collapsed and his presentation short-circuited after a few minutes.
LOS ANGELES/NEW YORK, Dec 9 (Reuters) – Community Health
Systems Inc (CYH.N: Quote, Profile, Research, Stock Buzz) has offered to buy Tenet Healthcare Corp
(THC.N: Quote, Profile, Research, Stock Buzz) for $3.3 billion and create the country’s largest
hospital chain, but Tenet rejected its larger rival’s
unsolicited bid as “opportunistic” and “inadequate.”
Shares in Tenet soared nearly 50 percent in extended trade.
Including debt, the deal is valued at some $7.3 billion,
Community Healthcare said in a statement.
Google gave the world its first look at PCs featuring its Chrome operating system on Tuesday. But amid all the hoopla over the slick, Web-browsing machines, we noticed that there appears to have made two subtle changes to the Chrome campaign.
The first involved what the new-fangled devices are actually called. When Google first announced plans to develop the Chrome PC operating system in July 2009, it said the first devices using the software would be netbooks, a genre of low-cost, miniaturized laptops that were all the rage at the time but have since lost their luster. (According to research firm Gartner, netbook shipments posted their first ever year-over-year decline in the third quarter)
By Sarah McBride
Stadium owners dragging their heels on finding greener ways to power up their high-definition scoreboards and retractable roofs just got a kick in the pants from their league commissioners.
Major League Baseball, the National Football League, the National Basketball Association, the National Hockey League, and Major League Soccer have dished out letters to their teams and facilities asking them to embrace solar power.
Facebook has engineered its latest micro-acquisition, buying little-known travel recommendation start-up Nextstop in what it calls a “talent acquisition”.
“We’ve admired the engineering team’s efforts for some time now and we’re excited to have them join Facebook,” a company spokesman said. The spokesman did not say if Facebook had any other plans for the site.
Bonnie and Yonni are unlikely to go down in the history books as among the nimblest of partners-in-crime. But they might have earned a prominent place among the most candid.
Accoding to U.S. prosecutors, Bonnie Hoxie — an assistant to Disney’s PR chief — and boyfried Yonni Sebbag hatched a less-than-elaborate scheme in which she gets her hands on confidential and potentially stock market-moving material – Disney financial information — and passes it on to Sebbag. Like the Wall Street equivalent of a pusher, Sebbag set out to construct a network of hedge-fund consumers for that info who could then profit off of it, according to court documents filed.
It’s hard to tell how much anticipation there is out there for Dell’s upcoming “Streak” micro-tablet. The No. 3 PC maker’s latest foray into a consumer arena that Apple’s iPad has essentially helped create is set to hit stores this summer in the United States.
Consumer business unit chief Steve Felice told the Reuters Global Technology Summit that Dell isn’t interested in becoming the No. 1 player in the smartphone and tablet mobile devices categories, where Apple and Google are waging a very high-profile war. But the former leader in personal computers fully intends to be a “top-tier player”.
Tod Nielsen certainly has the gift of the gab. VMWare’s chief operating officer, who was once videotaped by a reporter in the hope that he would turn out someday to be “famous” (and a royalty generator), waxed lyrical at the Reuters Global Technology Summit about everything from British CIOs and magic crystals to PCs .
Here’s a sampling of his colorfully phrased — though occasionally puzzling — views.
Intel, Sony and Google are expected to unveil on Thursday a “smart TV”: an Internet-ready, super content machine that — if the hype is to be believed — will let viewers watch Celebrity Apprentice, tweet, and respond to emails at the same time. On Wednesday, Intel’s sales and marketing chief — while keeping his cards close to the vest — couldn’t resist a little plug for the general concept of Internet TVs.
“The smart TV category is going to take off. It just makes all the sense in the world,” Thomas Kilroy told the Reuters Global Technology Summit. “Why would you want to compromise when you’ve got a nice big screen, you’re watching TV and you want to access information and keep that program on instead of bringing in another device. ”