Tech wrap: Amazon impresses

July 26, 2011

Amazon wowed investors when it reported a 51 percent surge in sales for the second quarter and said revenue for the current quarter would beat expectations. Shares of the e-commerce giant shot up more than 6 percent on the figures in after-hours trade, even though second-quarter net profits fell as the company’s margins continued to be pressured by heavy spending on distribution, technology and digital content.

Tech wrap: Netflix sees subscriber slowdown

July 25, 2011

Netflix says it’s expecting its subscriber growth in the United States to slow in the coming quarter. The warning to investors came as the popular video rental company also reported second-quarter revenue that missed Wall Street expectations. The double-shot of bad news sent the company’s shares down about 9 percent in late trading.

Tech wrap: Google impresses investors

July 14, 2011

Google shares soared in after-hours trade as the company’s second-quarter revenue zoomed past Wall Street expectations. The Internet giant’s net revenue, which excludes fees paid to partner websites, jumped 36 percent to $6.92 billion in the second quarter. That’s not all investors had to cheer, though. Growth in a range of businesses from mobile to online video helped the company ring up a strong quarterly profit that also exceeded investor expectations.  “Google should be viewed as a growth company again this quarter,” Stifel Nicolaus analyst Jordan Rohan told Reuters. “The combination of mobile search, Android, ad exchange, YouTube, and the core search businesses, they’re all doing well. Google is no longer a one-trick pony.”

Tech wrap: Amazon plans Android tablet

July 13, 2011

Take note, Apple. Amazon.com wants to steal more of your customers. The online retailer plans to release a 9-inch tablet computer this fall that will run on Android software, the Wall Street Journal reported, citing sources familiar with the matter.

Tech wrap: Netflix jacks prices, adds DVD-only option

July 12, 2011

Netflix subscribers could see their monthly bill increase starting this fall. The company announced it is doing away with a combo plan that lets customers watch unlimited movies and TV shows online and get DVDs by mail for $9.99 a month. Starting in September, current subscribers who want both services will have to pay $7.99 per month to rent one DVD plus an added $7.99 for unlimited streaming, for a total of $15.98 a month. That’s an increase of 60 percent. The new pricing begins immediately for new customers. Old-fashioned types who just want DVDs now have the option of an unlimited DVD-only plan that costs $7.99 for one at a time or $9.99 for two at a time. Good or bad news, depending on how you use Netflix.

Tech wrap: Verizon ditches unlimited data plan

July 5, 2011

Verizon Wireless customers, say goodbye to the days of  unlimited Web surfing for a set fee on your smartphone. The biggest U.S. mobile provider will stop offering its $30 all-you-can-surf  deal later this week, replacing it with a new tiered approach to data pricing. Customers who keep their smartphone use to 2 gigbytes (GB) of data per month or under won’t see a change to their bill, but those who go over that limit will be slapped with an extra $10 charge per GB. Heavy mobile users will have the option of signing up for a 5 GB or 10 GB plan for $50 or $80 respectively. AT&T made a similar move last year, meaning Sprint is now the last major wireless carrier offering unlimited data use. CNET reports that Verizon will also start charging for access to its mobile hot-spot service, which up until this week has been free and without bandwidth restrictions.

CBS: Get used to growth

May 4, 2011

CBS put on a big show in yesterday’s quarterly report, blowing out estimates on both profit and revenue. On the call that followed, Sumner Redstone called Les Moonves a “genius,” and Moonves called broadcast TV “the best game in town.”

Tech wrap: Netflix gets in the game

March 16, 2011

Netflix CEO Reed Hastings speaks during the unveiling of the iPhone 4 by Apple CEO Steve Jobs at the Apple Worldwide Developers Conference in San Francisco, California June 7, 2010. REUTERS/Robert GalbraithOnline video and DVD rental service Netflix is breaking away from its traditional role as a licensor of movies and TV shows , negotiating with actor Kevin Spacey and director David Fincher for the exclusive rights to a two-season, 26-episode remake of British political drama “House of Cards”, a source said.

TodayInMusic: Pandora adds Chernin and ex-Netflix CFO to board

February 4, 2011

Pandora_Tim Westergren11Pandora, the popular Internet radio service, has expanded its board membership with two heavyweights of the media world: former News Corp no.2 Peter Chernin and former Netflix CFO Barry McCarthy.

Orb TV: the latest device bringing web to TV

November 18, 2010

Orb TV alonephotoAdd Orb TV to the list of devices that is attempting to bring the web to the TV. The Oakland, Calif.-based company launched the product on Thursday — a hockey puck shaped object (pictured on the left) that promises to deliver all sorts of content  available on the Internet straight to your TV.