Tech wrap: AT&T, T-Mobile deal less likely than ever

November 24, 2011

The chances of AT&T’s bid for T-Mobile USA succeeding rapidly diminshed after AT&T said it would take a $4 billion charge in case its takeover fails. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the Department of Justice, but withdrew for now applications to the industry regulator.

Tech wrap: Facebook cashes in on ads

September 7, 2011

Facebook’s first-half revenue roughly doubled to $1.6 billion, underscoring the world’s largest social network’s appeal to advertisers, a source with knowledge of its financials told Reuters. Net income in the first half of 2011 came to almost $500 million, said the source, who wished to remain anonymous because privately-held Facebook does not disclose its results. Facebook’s stronger results come as investors have pushed its valuation to roughly $80 billion in private markets, with many industry observers expecting the world’s No. 1 Internet social network to go public in 2012.

Tech wrap: Apple ousts Nokia as top smartphone vendor

July 29, 2011

Apple jumped to the top of the global smartphone sales rankings in the second quarter, ending Nokia’s 15-year run as the lead smartphone vendor, according to new research from Strategy Analytics. Apple sold a record 20.3 million iPhones during the quarter, which amounts to about a fifth of the global smartphone market. Impressive considering its iPhone 4 model was released more than a year ago. Samsung also surpassed Nokia to claim second spot, with 17.5 percent of market share. Nokia fell to third place as its market share tumbled to 15.2 from 38.1 percent a year ago.

Tech wrap: Government bringing knife to cyber gun fight?

June 16, 2011

A recent wave of computer network attacks has boosted concerns about U.S. vulnerability to digital warfare. The Obama administration is racing on multiple fronts to plug the holes in the U.S. cyber defense, focusing on an expanded effort to safeguard its contractors from hackers and building a virtual firing range in cyberspace to test new technologies.

Yahoo’s Ross Levinsohn: We’re still No. 1

June 9, 2011

As Yahoo’s Executive Vice President of the America’s region, Ross Levinsohn’s task is to transform the image of the lumbering Internet giant to one with a passing resemblance to the darling of the 1990s dotcom era when it called the shots. Though, investors ascribed virtually all of Yahoo’s market value to its prized Asian assets – a major stake in China’s hot Alibaba Group and Yahoo Japan – brushing aside Yahoo’s core U.S. business.

Tech wrap: Yahoo battle with Alibaba heats up

May 13, 2011

Yahoo’s battle with Alibaba intensified as they issued contradictory statements over the Chinese company’s transfer of a major Internet asset to its CEO. Analysts said the handover of Alipay, an online e-commerce payment system, to Alibaba CEO Jack Ma has reduced the value of Yahoo’s 43 percent Alibaba stake.  Yahoo said it had been blindsided by the deal, while Alibaba countered that Yahoo was aware of the transaction by virtue of having a board seat, now held by former Yahoo Chief Executive Jerry Yang, who is also a Yahoo director.

The media is hungry for corporate excess

March 13, 2009

Guess where the paparazzi are training their lenses these days? For those of you who missed it, The New York Times writes that gossip rags have all but abandoned Britney Spears for the thrill of capturing corporate excesses on camera. From the paper:

Note to Yahoo’s Bartz: Ma company, Ma way

March 13, 2009

 Yahoo CEO Carol Bartz has earned a reputation as a strong-willed, no-nonsense executive.