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Jul 27, 2010

Disney buying Playdom for at least $563 million

SAN FRANCISCO (Reuters) – Walt Disney Co will acquire start-up Playdom Inc for $563.2 million, as the media giant aims to take a leading role in the fast-growing market for games played on sites such as Facebook and MySpace.

The deal is the richest ever in the young but fast-growing market for social games, which are free to play and appeal to a wider range of users than traditional video games.

Jul 23, 2010

Dell to pay $100 million in SEC probe

SAN FRANCISCO (Reuters) – Dell Inc on Thursday agreed to pay $100 million to settle charges by market regulators that the computer maker used hidden payments from Intel Corp, and fraudulent accounting to make it appear that it was meeting analysts’ earnings targets.

The U.S. Securities and Exchange Commission alleged that Dell did not disclose large exclusivity payments it received from Intel to not use chips made by its main rival, Advanced Micro Devices Inc.

Jul 22, 2010

SanDisk CEO to retire at end of 2010, shares fall

SAN FRANCISCO, July 22 (Reuters) – SanDisk Corp (SNDK.O: Quote, Profile, Research, Stock Buzz)
said its co-founder and Chief Executive, Eli Harari, would
retire at the end of this year, and a disappointing outlook
helped send the shares of the flash memory supplier tumbling 8
percent.

Harari will be succeeded by President and Chief Operating
Officer Sanjay Mehrotra, the company said on Thursday.

Jul 21, 2010

Exclusive: PE-backed Freescale mulls IPO: sources

NEW YORK/SAN FRANCISCO (Reuters) – The private equity owners of Freescale Semiconductor FSLSM.UL are considering taking the diversified chipmaker public and preliminary talks have started with banks, several sources familiar with the situation said.

Austin, Texas-based Freescale was spun off from Motorola Inc (MOT.N: Quote, Profile, Research, Stock Buzz) in 2004. A Blackstone Group-led (BX.N: Quote, Profile, Research, Stock Buzz) consortium took the company private in a $17.6 billion leveraged buyout in 2006. The consortium also included Carlyle Group CYL.UL, Permira Funds and TPG Capital TPG.UL.

Jul 21, 2010

Apple impresses, but margin outlook limits rally

SAN FRANCISCO (Reuters) – Wall Street analysts boosted their price targets on Apple Inc after it posted robust quarterly results, but the company’s conservative margin forecast limited gains in the stock on Wednesday.

Apple shares climbed nearly 3 percent, boosted by better-than-expected Mac sales and continued expansion overseas.

Jul 21, 2010

Apple forecast beats Street view, Mac sales jump

SAN FRANCISCO, July 20 (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) gave
an unusually upbeat revenue forecast that trounced Wall
Street’s expectations and eased fears that the “Antennagate”
controversy around its iPhone 4′s reception would hurt sales,
boosting its shares 3 percent.

It reported also a surprisingly large 33 percent spike in
Mac computer sales — helped partly by a strong showing in Asia
– that beefed up June-quarter earnings, as iPad and iPhone
business came in largely in line.

Jul 20, 2010

Apple forecast beats Street view

SAN FRANCISCO (Reuters) – Apple Inc gave an unusually upbeat revenue forecast that exceeded Wall Street’s expectations and eased fears that the controversy around its iPhone 4 reception would hurt sales, boosting its shares 2 percent.

A surprisingly large spike in Mac computer sales beefed up Apple’s June-quarter earnings, helping silence criticism over its handling of complaints about a faulty antenna on the latest iPhone model. A defiant Chief Executive Steve Jobs has called poor smartphone reception an industrywide problem.

Jul 19, 2010

Apple shares fall; rivals respond on “Antennagate”

SAN FRANCISCO (Reuters) – Apple Inc’s attempt to smooth over a controversy surrounding its iPhone 4 failed to impress investors, as the computer maker’s shares stumbled on a day when technology stocks rose.

On the first full trading day after a defiant Steve Jobs defended the new gadget’s design, Apple shares temporarily broke through a key support level that technical analysts said could lead to an even steeper decline.

Jul 18, 2010

Defiant Jobs stands by iPhone 4

CUPERTINO, California (Reuters) – A defiant Steve Jobs on Friday rejected any suggestion the iPhone 4′s design was flawed, but offered consumers free phone cases to address reception complaints that have hurt Apple Inc’s image and shares.

At a rare, 90-minute press conference, the Apple chief executive asserted that reception issues were a problem shared by the entire smartphone industry, naming specifically rivals Research in Motion, Samsung Electronics and HTC Corp.

Jul 17, 2010

Defiant Jobs stands by iPhone 4, dishes out cases

CUPERTINO, California (Reuters) – A defiant Steve Jobs on Friday rejected any suggestion the iPhone 4′s design was flawed, but offered consumers free phone cases to address reception complaints that have hurt Apple Inc’s image and shares.

At a rare, 90-minute press conference, the Apple chief executive asserted that reception issues were a problem shared by the entire smartphone industry, naming specifically rivals Research in Motion, Samsung Electronics and HTC Corp.

    • About Gabriel

      "I cover personal and enterprise computing, consumer electronics and video games. I joined Reuters in 2008 and I'm based in San Francisco."
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