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Jan 28, 2014

Apple’s China moment still frustratingly out of reach

BEIJING/SAN FRANCISCO (Reuters) – Apple Inc may have to wait a little longer for its watershed moment in China.

A disappointing March-quarter revenue forecast, coupled with surprisingly weak holiday iPhone sales, suggest pundits may have over-estimated initial demand from China Mobile’s 700 million-plus subscribers, a key factor that has pushed its shares 18 percent higher in the fourth quarter.

Jan 23, 2014

Icahn takes another $500 million bite out of Apple

SAN FRANCISCO (Reuters) – Activist investor Carl Icahn picked up another $500 million of Apple Inc shares on Thursday to take his investment in the iPhone maker to $3.6 billion, while ratcheting up his months-long campaign to pry open the company’s cash hoard.

Icahn, who repeatedly has called Apple a “no brainer” even as he wages a campaign to get it to return more cash to shareholders, tweeted his latest move just a day after revealing a position of over $3 billion in the company.

Jan 22, 2014

Icahn blasts Apple again, boosts position to $3 billion

SAN FRANCISCO (Reuters) – Activist investor Carl Icahn lashed out against Apple Inc again on Wednesday, and tweeted that he had bought $500 million more shares in the company in just the past two weeks, bringing his investment in the iPhone maker to over $3 billion.

The billionaire, who has repeatedly urged Apple to return more cash to shareholders, told CNBC later in an interview he intends to buy more stock at some point in “one of the greatest no-brainers of all time.”

Jan 16, 2014

Microsoft considers Ericsson CEO for top job: report

SAN FRANCISCO/STOCKHOLM (Reuters) – Microsoft Corp is considering Ericsson Chief Executive Hans Vestberg as a possible successor to outgoing CEO Steve Ballmer, Bloomberg reported, citing sources briefed on the software giant’s executive search.

The dynamic 48-year-old Swede fits the bill as a media-savvy technology fanatic, but his emergence as a leading candidate for the U.S. company will still come as a surprise to many on Wall Street.

Oct 30, 2013

Sprint promises higher data speeds than rivals

, Oct 30 (Reuters) – Sprint Corp
promised to gradually offer wireless data speeds far in excess
of those offered by bigger rivals like Verizon, as it hopes to
use recently acquired wireless airwaves to regain market share.

At its research labs on the outskirts of San Francisco,
Sprint on Wednesday outlined plans to expand Spark, a service it
is now building with speeds of 50-60 megabits per second, which
is being rolled out initially in five cities: Los Angeles,
Tampa, Miami, Chicago and New York.

Oct 24, 2013

Amazon third-quarter sales top Wall Street expectations

By Edwin Chan

(Reuters) – Amazon.com Inc posted a narrower quarterly loss and better-than-expected sales on Thursday as the company expanded aggressively at home and made inroads into overseas markets, sending its shares up nearly 8 percent in after-hours trade.

Its top-line performance underscored the company’s strong momentum as the world’s largest Internet retailer prepares to do battle during a crucial U.S. holiday season, which some experts say could be the slowest in years.

Oct 24, 2013

Amazon Q3 sales top Wall Street expectations

Oct 24 (Reuters) – Amazon.com Inc posted a narrower
quarterly loss and better-than-expected sales on Thursday as the
company expanded aggressively at home and made inroads into
overseas markets, sending its shares up nearly 8 percent in
after-hours trade.

Its top-line performance underscored the company’s strong
momentum as the world’s largest Internet retailer prepares to do
battle during a crucial U.S. holiday season, which some experts
say could be the slowest in years.

Oct 23, 2013

Apple unveils iPad Air, new Macs for holidays

SAN FRANCISCO (Reuters) – Apple Inc on Tuesday offered free upgrades for life on its operating system and business software, and unveiled thinner iPads and faster Mac computers ahead of a competitive holiday shopping season.

The debut of the one-pound iPad Air and MacBook Pro with sharper ‘retina’ display repeats a pattern of recent launches with improvements in existing lines rather than totally new products, and Apple shares fell 0.3 percent for the day.

Oct 22, 2013

Apple gives away Mac software, unveils iPad Air

SAN FRANCISCO (Reuters) – Apple Inc on Tuesday took the wraps off a slimmer faster tablet called the iPad Air and said it will give away Macintosh operating and work software free to its users, challenging Microsoft Corp’s near-stranglehold on personal computing.

Apple announced the surprise offer, which will be available to all users of Apple MacBooks and Mac computers, at a product event on Tuesday at which it also unveiled a new line of Mac notebooks and computers.

Oct 22, 2013

Apple kicks off event expected to show new iPads

SAN FRANCISCO (Reuters) – Apple Inc will give away its Macintosh operating software for free starting Tuesday, a move aimed at challenging Microsoft Corp’s stranglehold on personal computing systems.

Apple announced the surprise offer, which will be available to all users of Apple MacBooks and Mac computers, at a product event on Tuesday at which it also unveiled a new range Mac computers, including a new Mac Pro.

    • 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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