Tech wrap: Samsung closing in on Apple?

October 7, 2011

It’s no secret that Samsung’s flagship Galaxy smartphones are leading the Android-powered pack of handsets. What may be less obvious is just how quickly the company is closing in on Apple’s title of world’s biggest smartphone vendor in unit terms. Samsung announced on Friday it expects its third-quarter profit to top even the most bullish market forecasts, driven in large part by booming smartphone sales. “The Galaxy S II probably played a key role in boosting the company’s earnings and it will continue to do so pretty much unchallenged, until Apple unveils a better new version of iPhone,” said Kyung Woo-hyun, a fund manager at Daishin Asset Management.

Tech wrap: Not a pretty picture for Kodak

September 30, 2011

Eastman Kodak Co shares fell almost 70 percent on Friday afternoon on concerns the photography pioneer could file for bankruptcy.

WSJ pushes further into video with free app

September 13, 2011

The Wall Street Journal has launched a new video application “WSJ Live” that pulls from the content from its stable of live programming.

Tech wrap: Google’s appetite for local grows with Zagat buy

September 8, 2011

Google bought Zagat, the popular dining recommendations and ratings authority, jumping into a niche Web market alongside the likes of OpenTable and Yelp. The 32-year-old Zagat, which polls consumers and compiles reviews about restaurants around the world, will become a cornerstone of Google’s “local offering” and work in tandem with its mapping services and core search engine, the Internet search and advertising leader said.

Tech wrap: Apple after Jobs

August 25, 2011

So, Apple can survive without Steve Jobs as CEO after all. At least that’s the message that was sent by Apple investors today. Apple shares, which took a beating in after-hours trade on Wednesday after the company announced Jobs’s departure, stabilized on Thursday and were down about 1 percent. Investors, at least for now, appear convinced that Apple can keep churning out blockbuster products and oversized profits with new CEO Tim Cook in charge.

Tech wrap: Google fined over drug ads

August 24, 2011

Google has agreed to pay $500 million to settle a probe into ads it accepted for online Canadian pharmacies selling drugs in the United States, the U.S. Justice Department said on Wednesday. The forfeiture is one of the largest ever in the United States, according to the DOJ. It represents Google’s revenue from Canadian pharmacy advertisements to U.S. customers through Google’s AdWords program and Canadian pharmacies’ revenue from U.S. sales.

Tech wrap: Companies continue patent buys

August 17, 2011

Tech giants continued attempts to shore up their patent portfolios continued on Wednesday, with InterDigital being targeted by Apple, Nokia and Qualcomm.

Tech wrap: Apple involved in legal battles

August 16, 2011

Samsung can sell its latest iPad rival in most of Europe again after a German court lifted most of an injunction it had imposed at Apple’s request.

Tech wrap: Cisco beats “low bar”

August 10, 2011

Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back expectations as IT spending held up despite fears of a severe pullback, buoying its shares in extended trading. The world’s largest networking equipment maker reported sales of $11.2 billion in the fiscal fourth quarter, surpassing expectations for under $11 billion.

Tech wrap: Android continues world conquest

August 1, 2011

Google’s Android platform has taken almost 50 percent of the global smartphone market, dominating in the Asia-Pacific region, research firm Canalys said. It was the number one platform in 35 of the 56 countries Canalys tracks, resulting in a market share of 48 percent, the research firm said. By comparison, Apple, which shipped 20.3 million iPhones, is a distant second with a market share of 19 percent but it overtook ailing handset maker Nokia as the world’s largest individual smartphone vendor.