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Feb 12, 2013

Apple CEO calls Einhorn lawsuit a “sideshow”

SAN FRANCISCO (Reuters) – Apple Inc CEO Tim Cook called David Einhorn’s lawsuit against his company a “sideshow” but said on Tuesday the board is carefully considering the star hedge fund manager’s proposal to issue preferred stock, calling it “creative.”

Waving off claims that Apple is clinging to a “Depression-era” mentality, Cook said the board is in “very active discussions” on how to share more of its $137 billion hoard of cash and marketable securities.

Feb 7, 2013

Michael Dell coughs up $750 mln cash to buy out Dell

SAN FRANCISCO, Feb 6 (Reuters) – Michael Dell and his
investment firm are ponying up $750 million in cash toward the
$24.4 billion purchase of Dell Inc to help bankroll the
largest private equity-backed buyout since the financial crisis.

The Dell founder and CEO this week struck a deal to take
private the company he created out of a college dorm room in
1984, partnering with private equity house Silver Lake and
Microsoft Corp.

Dec 7, 2012

Apple to return some Mac production to U.S. in 2013

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc plans to move some production of Macintosh computers to the United States from China next year, Chief Executive Tim Cook said in remarks published on Thursday, in what could be a important test of the nascent comeback in U.S. electronics manufacturing.

Apple makes the majority of its products, from Macs to the iPhone and iPad, in China, the world’s factory floor for electronics. But like other U.S. corporations, it has come under fire for relying on low-cost Asian labor and contributing to the decline of the U.S. manufacturing sector.

Nov 6, 2012

THQ shares collapse after game delays, “Darksiders” letdown

SAN FRANCISCO, Nov 6 (Reuters) – THQ Inc (THQI.O: Quote, Profile, Research) lost
almost half its market value on Tuesday after the struggling
videogames publisher delayed a raft of marquee titles, warned of
a growing need for new capital, and admitted its “Darksiders II”
had undershot expectations.

Shares in the company, which is trimming staff and
considering alternatives to try and relieve a potential capital
crunch, plunged as much as 46 percent in their biggest
single-day loss in years.

Oct 19, 2012

Google results miss; shares dive after premature report

SAN FRANCISCO (Reuters) – Google Inc’s quarterly results fell well short of Wall Street’s expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value.

The disappointing numbers on Thursday came hours ahead of schedule in a rare instance of premature filing. Google blamed the misfire on an unauthorized filing by its financial printers, RR Donnelley & Sons Co, and later confirmed the numbers’ accuracy.

Oct 18, 2012

Google results, filed by mistake, miss; shares dive

SAN FRANCISCO (Reuters) – Google Inc inadvertently released its draft quarterly results hours ahead of schedule, missing expectations on both revenue and earnings and wiping 9 percent off the market value of the Internet search and advertising leader.

Google said its financial printers, RR Donnelley, filed its draft results statement without authorization. The company said it was working now to finalize the statement.

Oct 16, 2012

Analysis: Softbank deal’s big on size, small on change

NEW YORK/SAN FRANCISCO (Reuters) – It’s this year’s biggest technology acquisition and the largest outbound deal in Japan’s history. But game-changing, it is not.

Softbank Corp’s (9984.T: Quote, Profile, Research) pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp (S.N: Quote, Profile, Research) marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks.

Oct 16, 2012

Sprint-Softbank deal big on size, small on change

NEW YORK/SAN FRANCISCO (Reuters) – It’s this year’s biggest technology acquisition and the largest outbound deal in Japan’s history. But game-changing, it is not.

Softbank Corp’s (9984.T: Quote, Profile, Research) pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp (S.N: Quote, Profile, Research) marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks.

Oct 16, 2012

Analysis: Sprint-Softbank deal’s big on size, small on change

NEW YORK/SAN FRANCISCO (Reuters) – It’s this year’s biggest technology acquisition and the largest outbound deal in Japan’s history. But game-changing, it is not.

Softbank Corp’s (9984.T: Quote, Profile, Research, Stock Buzz) pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks.

Aug 14, 2012

Apple expert shines light on Samsung sales in U.S.

SAN JOSE (Reuters) – Apple Inc is claiming that more than a quarter of Samsung Electronics’ $30.4 billion in U.S. smartphone and tablet sales result from copying of the iPhone and iPad or infringe on other patents, a damages expert for the U.S. company said on Monday.

The Silicon Valley company is demanding up to $2.75 billion of damages from its Korean rival, which includes profits lost to infringing Samsung gadgets. However, Samsung attorneys argued that Apple’s evidence was not sufficient to recoup such an award.

    • 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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