West Coast Financial Editor in Charge
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Oct 27, 2014

Twitter users and engagement disappoint, shares dive

SAN FRANCISCO (Reuters) – Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday.

The online messaging service also projected fourth-quarter revenue that may miss Wall Street’s targets.

Oct 27, 2014

Twitter user-engagement falls 7 percent, shares dive

SAN FRANCISCO (Reuters) – Twitter Inc reported a disappointing 7 percent slide in a key measure of engagement by its users in the third quarter, triggering a selloff of more than 9 percent in its stock on Monday.

Some investors had raised fears about declining Twitter usage as other social media and mobile messaging services become more popular. On Monday, the online messaging service also projected fourth-quarter revenue that may miss Wall Street’s heightened expectations.

Oct 20, 2014

Apple beats Street targets on strong iPhone sales

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) posted a better-than-expected 12 percent jump in revenue after its best new-iPhone launch on record helped push sales of the smartphone to 39.27 million in the September quarter.

That surpassed the roughly 38 million some on Wall Street had expected, and excluded sales in China, its largest market outside of the United States. Chief Financial Officer Luca Maestri said in an interview that the new iPhones, which went on sale last week in China, had already surpassed the previous-generation model in volumes.

Oct 6, 2014

HP faces uphill battle with newly minted PC unit

SEATTLE/SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s (HPQ.N: Quote, Profile, Research, Stock Buzz) Chief Executive Officer Meg Whitman appeared to be banking on growth markets like 3D printing and a trickle back in PC sales when she announced on Monday a spin-off for the company’s computer and printing business. But some on Wall Street are skeptical.

Investors and analysts generally gave a thumbs up on the move to separate HP’s computer and printing business from its corporate hardware and services operations, sending its shares up almost 5 percent. Yet some questioned the move, expressing doubt over whether the newly christened “HP Inc” can break out of what appears to be a terminal slump in desktop computing.

Oct 6, 2014

Hewlett-Packard to split into two public companies, lay off 5,000

By Supantha Mukherjee and Edwin Chan

(Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan.

HP said its shareholders would own a stake in both businesses through a tax-free transaction next year, the details of which still needed to be worked out.

Sep 8, 2014

Tinder, former marketing executive settle sexual harassment case

SAN FRANCISCO, Sept 8 (Reuters) – A former executive who
accused popular dating-app company Tinder of sexual harassment
and discrimination has settled her lawsuit with the startup,
ending a dispute that cast a spotlight over the treatment of
women in the technology industry.

Lawyers for the plaintiff, former marketing vice president
Whitney Wolfe, said on Monday the lawsuit had been resolved but
did not provide details.

Sep 3, 2014

Apple says its systems not to blame for celebrity photo breach

SAN FRANCISCO, Sept 2 (Reuters) – The week before a crucial
launch of its new iPhone, Apple Inc said intimate
photos of celebrities including Oscar-winner Jennifer Lawrence
were leaked online through the apparent hacking of individual
iCloud accounts.

Apple rushed to restore confidence in its systems’ security,
saying the celebrity photo scandal that also ensnared swimsuit
model Kate Upton, actress Kirsten Dunst and possibly dozens more
was the result of targeted attacks on accounts storing personal
data and not a direct breach of Apple systems.

Sep 3, 2014

Celebrity hacking clouds Apple’s upcoming product launch

SAN FRANCISCO (Reuters) – Apple Inc has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in the unusual position of having to mend its image just days before a highly anticipated Sept. 9 product launch.

Nude photos of Hollywood celebrities, including Oscar-winning actress Jennifer Lawrence, posted on Internet forums by unknown hackers has sparked condemnation from stars and their publicists, and prompted an investigation by the Federal Bureau of Investigation.

Sep 2, 2014

Apple says celebrity photo breach targeted, not due to its systems

SAN FRANCISCO (Reuters) – Apple Inc said on Tuesday the online posting of intimate photos of Hollywood celebrities were targeted attacks on their iCloud accounts and that none of the cases it investigated had resulted from a direct breach of its systems.

Apple’s response came after the photos of Oscar-winning actress Jennifer Lawrence and other female entertainers emerged over the Labor Day Weekend. The technology company said it is working with law enforcement and continues to investigate the source of the attacks.

Aug 23, 2014

Obama tech policy maven moves to Silicon Valley role

/SAN FRANCISCO (Reuters) – Todd Park, President Barack Obama’s chief technology officer who played a role in fixing the flawed Healthcare.gov website, is moving to a new job recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.

Park, a successful tech entrepreneur who became a top adviser to Obama, will move to the West Coast at the end of the month as part of a White House team, the source said on condition of anonymity because it has not been made public.

    • 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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