Research In Motion’s quarterly net profit jumped 32 percent, boosted by strong global BlackBerry smartphone sales. But a weaker-than-expected outlook as it spent heavily on the launch of its PlayBook tablet next month, sent RIM’s shares tumbling after the bell.
Earlier this week, New York Times media columnist David Carr asked the question that is on the minds of moguls everywhere: Is Google a media company?
Bubble or no bubble?
Amazon.com opened its store for Google Android smartphone applications, ratcheting up its fight with Apple after the iPhone maker sued Amazon in a bid to stop the online retailer from improperly using its App Store trademark.
AT&T’s planned buy of T-Mobile USA is ultimately expected to get regulatory approval, combining the second and fourth largest wireless operators to create a new leader that will control around 43 percent of the U.S. wireless market. AT&T CEO Randall Stephenson suggested he had little choice but to do it as AT&T is in dire need of more wireless airwaves to increase network capacity for mobile Web services.
Research in Motion is a front runner in the race to convert billions of feature phone users into data-wielding smartphone customers but is seen possessing only a small window of opportunity to reinvigorate itself and match the momentum of rival mobile monarchs Apple and Google in a life-or-death battle for relevance, writes Alastair Sharp.
Facebook signaled an increased interest in deals, poaching a member of Google’s corporate development team to lead its fledgling merger and acquisition efforts and underscoring the rivalry between the social networking company and the search engine giant.
Steve Jobs may be on medical leave from Apple, but he was brimming with vigor, and seemingly itching for a fight, when he took the stage to unveil the new iPad 2 on Wednesday.
It’s Kremlinology day in Silicon Valley as industry-watchers pore over the details of the two photographs released by the White House of President Obama’s big dinner with the lords of the tech world.