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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.

Oct 17, 2013

IBM’s China-driven slump sparks executive shakeup

Oct 17 (Reuters) – IBM Corp has reassigned the head
of its growth markets unit, a source with knowledge of the move
said, after a surprisingly steep drop in quarterly hardware
sales in China prompted a 7 percent share slide on Thursday.

James Bramante’s reassignment was first flagged during the
company’s conference call on Wednesday, when Chief Financial
Officer Mark Loughridge said sales chief Bruno Di Leo would be
taking over at the unit, which oversees growth markets for the
company.

Sep 17, 2013

Microsoft raises payout 22 pct ahead of investor meet

Sept 17 (Reuters) – Microsoft Corp raised its
quarterly dividend by 22 percent and renewed its $40 billion
share buyback program, extending an olive branch to investors
who are expected to grill its outgoing CEO on Thursday about a
costly foray into mobile devices.

The surprisingly big hike brings Microsoft’s dividend yield
to around 3.4 percent, higher than those of major tech
corporations such as International Business Machines Corp
and Apple Inc.

Aug 22, 2013

Icahn plans dinner tete-a-tete with Apple’s Cook on buyback size

SAN FRANCISCO (Reuters) – Carl Icahn has spoken again with Apple Inc’s Tim Cook and plans a longer discussion with the chief executive over dinner next month about the size of the iPhone maker’s buyback program, the activist investor tweeted on Thursday.

The hedge fund billionaire, known for launching aggressive assaults on American boardrooms, caused a sensation last week when he revealed on Twitter he had taken a large position in Apple and was pushing for the company to expand its program of share buybacks — already one of the market’s largest.

    • 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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