Tech wrap: Google’s spending overshadows revenue growth

April 15, 2011

Google co-founder Larry Page in a file photo. REUTERS/Rick WilkingGoogle’s stunning 54 percent spending surge spooked investors already worried its new CEO Larry Page may take his eye off the bottom line to chase revenue growth, driving its shares more than 5 percent lower. Investors zeroed in on the stunning surge in expenses to $2.84 billion, which dwarfed a 29 percent jump in net revenue and reflected a record hiring spree, company-wide salary raises, and splurging on everything from marketing to technology. “If the expenses are targeted and result in future revenue streams, then good for Larry. If not, that results in an undisciplined spending approach”, said Colin Gillis, analyst at BGC Partners.

Tech wrap: Retailers’ wake-up call

March 25, 2011

Shoppers pay for merchandise at the Macy's department store in New York October 8, 2009. REUTERS/Mike SegarRetailers risk losing the majority of mobile device users unless they make mobile shopping easier and more engaging, writes Jessica Woh. While 89.7 percent of Americans aged 18 to 64 have mobile phones, only 49.1 percent use their phones to shop, according to marketing service Arc Worldwide. Consumers who use mobile phones to shop are able to compare prices on the go and are seen as less likely to make impulse buy, Woh adds.

Tech wrap: Ripe BlackBerry not sweet enough

March 24, 2011

A man looks at a BlackBerry product display in a shop at a mobile and computer shopping complex in northern Tehran January 18, 2011. REUTERS/Raheb Homavandi 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.

RIM’s PlayBook looks smooth in first demo

January 6, 2011

CESEver since its announcement last fall, gadget geeks have been itching to take Research in Motion’s new tablet for a test drive. Tech reporters finally got some hands-on time with the device — the PlayBook — on Wednesday at the Consumer Electronics Show in Las Vegas. Amid a crush of iPad wannabes, RIM’s tablet proved to be a pleasant surprise.

Forget-me-not: RIM’s half-ready PlayBook vies for attention

December 3, 2010

www.reuters.comBy Alastair Sharp

Research In Motion’s upcoming PlayBook tablet device made a live guest appearance on home turf today at a Toronto press conference on how theseĀ  devices that fall between smartphones and laptops will change life as we know it.