Gerry's Feed
Dec 10, 2013

Twitter shares touch new high, sail past $52

SAN FRANCISCO (Reuters) – Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.

Shares of Twitter were up 6 percent to $52.20 on Tuesday afternoon after a frenzied trading session on Monday, when Twitter closed up nearly 10 percent, its biggest gain ever.

Dec 9, 2013

Twitter shares soar, near all-time high

SAN FRANCISCO (Reuters) – Twitter shares soared more than 9 percent on Monday to their highest level since the company’s initial public offering after a spate of product announcements that could boost its revenue prospects.

Shares rose to $49 in mid-day trading, up 9.2 percent. Twitter has mostly traded in the low-$40 range in recent weeks since November 7, when shares briefly topped $50 in the hours following its highly anticipated IPO.

Dec 5, 2013

Twitter rolls out cookie-based ad targeting

SAN FRANCISCO, Dec 5 (Reuters) – Twitter Inc will
begin showing ads to users based on their browsing history, it
said on Thursday, becoming the latest Internet company to employ
the controversial but increasingly widespread tracking
technology.

Twitter’s new advertising feature allows marketers to use
cookies – small files planted in Web surfers’ computers that
contain bits of information about which sites they have visited
or where they are logging in from – to display highly targeted
Twitter ads.

Dec 2, 2013

Twitter stock gets mixed reviews from IPO underwriters

SAN FRANCISCO (Reuters) – Twitter Inc shares slipped on Monday after some of the five lead underwriters of its initial public offering said the social media firm may not achieve Facebook-like scale and its stock may not rise much higher.

In their first research reports since the November IPO, only Deutsche Bank and Goldman Sachs recommended buying the stock. Morgan Stanley and JP Morgan issued the equivalent of “hold” ratings. One analyst, Justin Post of Bank of America Merrill Lynch, initiated coverage with a sell rating and valued shares at $36, according to theflyonthewall.com.

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.