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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.

Aug 1, 2012

Canada plans no new steps to cool housing mkt-finmin

, Aug 1 (Reuters) – Canada does not expect
to have to tighten mortgage rules further as the real estate
market has softened in the wake of government measures to cool
it down, Finance Minister Jim Flaherty said in an interview on
Wednesday.

Home prices hit a third straight record high in June,
extending a steady climb that had triggered fears of a property
bubble. But a slowdown in the pace of price increases suggested
to economists the red-hot housing market is cooling.

Jul 17, 2012

Facebook shares slide as user growth in question

SAN FRANCISCO, July 17 (Reuters) – Shares of Facebook Inc
(FB.O: Quote, Profile, Research) fell about 1 percent on Tuesday, extending the previous
day’s losses after an investment analyst reported a decline in
U.S. users for the No. 1 social network.

Capstone analyst Rory Maher said he used proprietary
software to track user numbers by country over the past six
months across more than 200 countries and worked out that the
social network had shed users in both the United States and
Europe. U.S. users declined by 1.1 percent, he said in a
research note.

Jul 16, 2012

Microsoft revamps Office, looks to the cloud

SAN FRANCISCO, July 16 (Reuters) – Microsoft Corp
unveiled a new version of its Office suite aimed at traditional
PC users as well as the fast-growing tablet market in a major
overhaul of the aging workplace software.

The revamped Office makes use of cloud computing and is
compatible with touch screens widely used in tablets. It comes
as Apple Inc and Google Inc make inroads into
the workplace, long Microsoft’s stronghold. Office is
Microsoft’s single-biggest profit driver.

Jul 10, 2012

Intel bankrolls next-gen chipmaking, buys into ASML for $4.1 billion

SAN FRANCISCO (Reuters) – Intel Corp will spend more than $4 billion to buy up to 15 percent of ASML and bankroll the Dutch company’s research into costly next-generation chipmaking technology, a major vote of confidence in the European firm that sent its U.S. shares soaring 6 percent.

Intel hopes to speed the adoption of the next generation of chip manufacturing processes from ASML by as much as two years. That will require intensive capital investment, but delivers billions of future savings by cutting chip production costs, analysts said.

    • 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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