Tech wrap: Olympus shareholders want entire board purged

November 8, 2011

Pressure mounted on Japan’s Olympus to take radical action after it admitted to hiding losses on securities investments for decades, with the camera and endoscope maker’s largest foreign investor demanding the resignation of the company’s entire board. Southeastern Asset Management, which owns about five percent of the 92-year-old company, said Tuesday’s admission “changes everything”.

Tech wrap: Groupon goes public, super nova

November 4, 2011

Shares of daily deals site Groupon rose more than 50 percent in their stock market debut, but at least some of the early trading exuberance may have come from limiting the fraction of the company that was sold. The shares rose as high as $31.14, or 55.7 percent above the IPO price, in early trading on the Nasdaq, at one point pushing the market value of the company up to $19.9 billion.  The shares later eased back, closing at $26.11. Despite the early success, there are still lingering questions about Groupon’s business model and about competition from better-funded rivals such as Amazon.com and Google.

Tech wrap: Yahoo finds interclick, pays $270 million for it

November 1, 2011

CORRECTION: The original headline falsely stated that Yahoo will pay $240 million for interclick. The correct amount is $270 million.

How to generate media value: Fire your CEO

October 28, 2011

Some outfit called General Sentiment has set about the task of evaluating the media value of top global brands and then ranking those companies accordingly. Some brands made their way up the list because they ousted their head honcho.

Tech wrap: Apple misses, Intel beats quarterly expectations

October 18, 2011

Apple reported a rare miss in quarterly revenue after sales of its flagship iPhone fell well short of Wall Street expectations. The September quarterly report was Apple’s first under new CEO Tim Cook, who took over in August after co-founder Steve Jobs resigned. The company reported a net profit of $6.62 billion, or $7.05 a share. That fell shy of expectations for earnings of $7.39 per share.

Yahoo’s next CEO? Don’t ask Ross Levinsohn

October 18, 2011

It’s been more than a month since Yahoo fired Carol Bartz as Chief Executive, but there have been few signs indicating who might succeed her.

AOL, Yahoo, Demand Media set sights on the ladies

October 6, 2011

It’s early October in New York which means that Advertising Week, which kicked off on Monday, is officially in full churn.   This year, the organizers of the conference that attracts all stripes from publishing outfits to retailers to ad agencies  may as well have slugged the event Ladies Week given the number of companies pitching to women.

Tech wrap: Microsoft still into Yahoo

October 5, 2011

Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation told Reuters on Wednesday.

Tech wrap: Oracle and HP keep sparring

September 29, 2011

Oracle and Autonomy escalated their war of words on Thursday, sparring publicly over whether the British software firm had ever been shopped to the U.S. technology giant.

The Yahoo chronicles. Needs: new CEO. Has: new Flickr app

September 28, 2011

Yahoo opened the doors to the bunker on Wednesday, inviting reporters to its San Francisco outpost even as the company faces a barrage of questions about its future.