Gerry's Feed
Nov 22, 2013

U.S. jury awards Apple $290 mln in retrial against Samsung

SAN JOSE, California (Reuters) – A U.S. jury awarded Apple Inc (AAPL.O: Quote, Profile, Research) about $290 million in a damages retrial against Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research), restoring a large chunk of a historic verdict the iPhone maker won last year.

After a week long trial, the jury deliberated for nearly two days before reaching a decision on Thursday in a San Jose, California federal court. Apple had requested $379.8 million, while Samsung argued that it should have to pay $52.7 million.

Nov 21, 2013

U.S. jury awards Apple $290.45 million in retrial against Samsung

SAN JOSE, California (Reuters) – A U.S. jury on Thursday awarded Apple Inc $290.45 million in a damages retrial against Samsung Electronics Co Ltd, the latest battle in global patent litigation between the two mobile giants.

The verdict was announced in a San Jose, California, federal court. Apple had requested $379.8 million, while Samsung argued that it should have to pay $52.7 million.

Nov 19, 2013

Salesforce.com fourth-quarter sales forecast bolstered by ExactTarget

SAN FRANCISCO (Reuters) – Salesforce.com Inc (CRM.N: Quote, Profile, Research, Stock Buzz) forecast fourth-quarter revenue to come in slightly better than analysts’ projections, helped by a strong performance by newly acquired email marketing firm ExactTarget.

The San Francisco-based cloud computing company paid $2.5 billion in June for ExactTarget, its most expensive acquisition to date and a sum that has invited scrutiny from investors.

Nov 19, 2013

Salesforce.com Q4 sales forecast bolstered by ExactTarget

SAN FRANCISCO, Nov 18 (Reuters) – Salesforce.com Inc
forecast fourth-quarter revenue to come in slightly better than
analysts’ projections, helped by a strong performance by newly
acquired email marketing firm ExactTarget.

The San Francisco-based cloud computing company paid $2.5
billion in June for ExactTarget, its most expensive acquisition
to date and a sum that has invited scrutiny from investors.

Nov 18, 2013

Salesforce.com quarterly revenue rises to $1.08 billion

SAN FRANCISCO (Reuters) – Salesforce.com Inc (CRM.N: Quote, Profile, Research, Stock Buzz) on Monday said quarterly revenue rose 36 percent to $1.08 billion, narrowly beating Wall Street expectations, as its June acquisition of email marketing firm ExactTarget boosted sales.

Excluding certain items, the cloud-computing company earned 9 cents per share in its fiscal third quarter, ended October 31, in line with analysts’ consensus, according to Thomson Reuters I/B/E/S.

Nov 15, 2013

Twitter introduces self-serve ads outside U.S.

SAN FRANCISCO (Reuters) – Twitter Inc said on Thursday it would introduce self-serve ads for small- and medium-sized businesses in three countries outside the United States, marking one of its first moves to expand revenue as a publicly listed company.

Businesses in the United Kingdom, Ireland and Canada will be able to buy “promoted” ads that can be shown to targeted Twitter users beginning this week, the company said.

Nov 13, 2013

Dropbox improves corporate features amid new competition from Amazon

SAN FRANCISCO (Reuters) – Dropbox Inc on Wednesday unveiled what it described as one of the most comprehensive upgrades to its service for businesses, including a feature that allows users to easily maintain both personal and corporate accounts.

The new features come at a time when large rivals like Microsoft Corp and Amazon Inc and smaller competitors are battling to win the cloud-storage market, which is widely seen as a strategic linchpin in the era of mobile computing.

Nov 8, 2013

Twitter shares soar in frenzied NYSE debut

NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc shares jumped 73 percent in a frenzied trading debut that drove the seven-year-old company’s market value to around $25 billion and evoked the heady days of the dot-com bubble.

The strong performance on Thursday is encouraging for the venture capitalists who have backed other consumer Web startups, such as Square or Pinterest, though it sounded alarm bells for some investors who cautioned that the froth was unwarranted.

Nov 7, 2013

Twitter shares nearly double in frenzied NYSE debut

NEW YORK/SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research) shares soared as much as 92 percent on their first day of trading on the New York Stock Exchange, an extraordinary debut that drove the seven-year-old company’s value to more than $25 billion and evoked comparisons to the dot-com bubble of the late 1990s.

The stock opened at $45.10 a share shortly before 10:50 a.m. (1550 GMT) on Thursday, up from the initial public offering price of $26 set late on Wednesday. It quickly hit a high of $50 before retreating to $47.70 by the afternoon, up 83 percent.

Nov 7, 2013

Twitter shares indicated at between $42 and $46 a share

Nov 7 (Reuters) – Twitter Inc shares were indicated
at between $42 and $46 in a sign they would rocket higher in
opening trade as investors bet on potential growth at the
money-losing social media company.

If the shares start trading at $42, that would amount to a
62 percent jump from the $26 initial public offering price set
on Wednesday, making it the biggest in a series of huge opening
day “pops.”