Why Facebook still doesn't look cheap

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• Why Facebook still doesn't look cheap
• Facebook looks to settle 'sponsored story' suit
• New York City airports install new, expensive holograms to help you find your way
• Robotic fish may soon scan for pollution off the coast of Spain
• Is This $15 Million Zeppelin the Future of Air Tourism? [HANDS ON]
• SAP to buy Ariba for $4.5B, extending cloud push
• New ad zapper has TV networks worried about sales
• Google completes Motorola deal, heralding new era
• ICANN resumes bids for new Internet suffixes
• Savored Android app supplies the meal deals
• Regulators probe bank's role in Facebook IPO
• OmniVision’s 16-megapixel smartphone camera sensors support 4K resolution
• SEC, FINRA to review Facebook issues, Nasdaq sued
• Best Buy tops expectations in Q1, online revenue and mobile sales up
• Microsoft says 350 million Windows 7 devices will ship by the end of 2012
• Morgan Stanley defends Facebook IPO procedures
• Analysis: Did banks cross the line in Facebook research calls?
• Facebook settles lawsuit over "Sponsored Stories"
• Nasdaq shareholders mum on Facebook IPO
• Facebook IPO shows galactic divide between investors
• Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook
• Funds with Facebook hammered as proxy by shorts
• SAP to buy Ariba, boosts cloud bet
• Google's Moog Doodle: The Inside Story
• Kleiner partner sues firm for discrimination
• 80% of mobile banking apps may have security flaws
• Is This $15 Million Zeppelin the Future of Air Tourism? [HANDS ON]
• Take-Two 4Q loss triples but sales beat forecast
• R.R. Donnelley buying Edgar Online for $39M
• What Went Wrong With Facebook's IPO?
• Insight: Morgan Stanley cut Facebook estimates just before IPO
• How Tech Savvy Are Today's Dads? [INFOGRAPHIC]
• Website address 'revolution' back in motion
• Nasdaq shareholders mum on Facebook IPO
• Facebook IPO shows galactic divide between investors
• This Kickstarter for Startups Will Trade Equity for Funding
• Facebook settles lawsuit over "Sponsored Stories"
• Summary Box: Google takes control at Motorola
• Auto-Correct Is Not Ruining Spelling

Why Facebook still doesn't look cheap Posted: 22 May 2012 03:20 PM PDT If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.

Facebook looks to settle 'sponsored story' suit Posted: 22 May 2012 03:13 PM PDT Facebook is close to settling a lawsuit over advertisements it calls "sponsored stories."

New York City airports install new, expensive holograms to help you find your way Posted: 22 May 2012 07:49 PM PDT The next time you're looking for help at Newark Liberty, JFK, or LaGuardia airport, the answer to your question might come from a friendly, beautiful woman. Just don't expect that woman to be an actual, live human. As part of … Continue reading →

Robotic fish may soon scan for pollution off the coast of Spain Posted: 22 May 2012 07:46 PM PDT One of the easiest ways to detect otherwise unseen underwater pollution in our lakes and oceans is to monitor the animal life. Sometimes subtle changes in fish population can signal a greater problem that demands immediate attention. Not content to let … Continue reading →

Is This $15 Million Zeppelin the Future of Air Tourism? [HANDS ON] Posted: 22 May 2012 04:38 PM PDT Give me that Old Time Zeppelin

SAP to buy Ariba for $4.5B, extending cloud push Posted: 22 May 2012 01:32 PM PDT Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion.

New ad zapper has TV networks worried about sales Posted: 22 May 2012 01:28 PM PDT The maker of a new DVR that lets consumers zap away broadcast TV commercials at the touch of a button suggested Tuesday that the networks are being short-sighted in opposing the technology.

Google completes Motorola deal, heralding new era Posted: 22 May 2012 01:27 PM PDT Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing.

ICANN resumes bids for new Internet suffixes Posted: 22 May 2012 08:36 AM PDT The organization overseeing a major expansion of Internet addresses has reopened its system for letting companies and organizations submit proposals.

Savored Android app supplies the meal deals Posted: 22 May 2012 03:30 PM PDT Not sure why no one of thought of this long ago. Who doesn't want a restaurant deal? Savored uses a Priceline-like model for restaurants, matching hungry diners to empty tables nearby. That way, the restaurant-goers get cheaper eats, and the restaurants themselves win with fewer open tables.

Regulators probe bank's role in Facebook IPO Posted: 22 May 2012 09:08 PM PDT Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.

OmniVision’s 16-megapixel smartphone camera sensors support 4K resolution Posted: 22 May 2012 08:30 PM PDT OmniVision on Tuesday announced the OV16820 and OV16825 smartphone camera chips. The two sensors support up to 16-megapixels and can capture video at a 4k resolution, known as Quad Full High Definition (QFHD), at 60 frames per second. "It was an industry-wide assumption that smartphones would cut into DSC/DVC sales; but at higher resolutions, we're seeing a very distinct divide between the two markets and both remain strong," said Devang Patel, senior product marketing manager at OmniVision. "Industry experts have observed that mainstream DSC products are shifting to 16-megapixel resolutions and are offering improved image quality and optics. The OV16820 supports such offerings, allowing DSC/DVC manufacturers to provide consumers a high-resolution, feature-rich point and shoot photography experience, while the OV16825

SEC, FINRA to review Facebook issues, Nasdaq sued Posted: 22 May 2012 08:19 PM PDT (Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...

Best Buy tops expectations in Q1, online revenue and mobile sales up Posted: 22 May 2012 07:15 PM PDT Best Buy on Tuesday reported results for the first quarter of 2012. The electronics retail giant posted better-than-expected earnings per share, despite declining store sales. Revenue came in at $11.6 billion, ahead of analysts' consensus of $11.52 billion, and non-GAAP earnings came in at $0.72 per share, up 11% from the same quarter in 2011 and beating the Street's estimates of $0.59 per share. Domestic online revenue rose by 20%, and domestic mobile-phone sales increased by 13%. "Best Buy is in a turnaround, and the strategic priorities we laid out at the beginning of the year are just the first phase of the changes to come," said Mike Mikan, CEO (interim) of Best Buy. "We know we have to better

Microsoft says 350 million Windows 7 devices will ship by the end of 2012 Posted: 22 May 2012 06:00 PM PDT Despite the fact that Windows 8 is expected to launch in October, Microsoft still has high hopes for its Windows 7 operating system. The software giant predicts that 350 million Windows 7 devices will ship by the end of 2012, Bloomberg reported. "It makes Windows the most popular single system," Microsoft CEO Steve Ballmer said at a forum in Seoul, South Korea, although he didn't provide any figures for comparison. Windows 7 was released in October 2009 and within two years, the operating system surpassed Windows XP to become the world's most popular OS. Read

Morgan Stanley defends Facebook IPO procedures Posted: 22 May 2012 05:58 PM PDT (Reuters) - Morgan Stanley said its procedures for the Facebook Inc's initial public offering were "in compliance with all applicable regulations." "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs," spokesman Pen Pendleton said in a statement. "These procedures are in compliance with all applicable regulations. ...

Analysis: Did banks cross the line in Facebook research calls? Posted: 22 May 2012 05:58 PM PDT NEW YORK (Reuters) - As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public. Facebook and the Wall Street banks that underwrote its $16 billion initial public offering are facing questions about how and why stock analysts decided to cut their financial forecasts on the company ahead of the IPO. ...

Facebook settles lawsuit over "Sponsored Stories" Posted: 22 May 2012 05:58 PM PDT SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users' "likes" without compensation or the ability to opt out, according to a court document filed on Tuesday. The proposed class action lawsuit, filed in a San Jose, California federal court, could have included nearly one of every three Americans, with billions of dollars in damages, court documents say. The terms of the settlement are not spelled out in court filings. ...

Nasdaq shareholders mum on Facebook IPO Posted: 22 May 2012 05:58 PM PDT NEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after the exchange operator bungled Facebook's widely anticipated market debut, which helped launch the new stock into a three-day slide. When Nasdaq Chairman H. Furlong Baldwin called for questions at the Tuesday morning meeting in New York, he got eight seconds of silence. Technical glitches marred Facebook's IPO on Nasdaq's exchange on Friday, delaying the social networking giant's market debut by 30 minutes and delaying order confirmations for hours afterward. The U.S. ...

Facebook IPO shows galactic divide between investors Posted: 22 May 2012 05:58 PM PDT NEW YORK (Reuters) - It's no surprise to anyone that big investors get preferential treatment on Wall Street. Investors expressed disappointment, skepticism and even shock on Tuesday after learning that an analyst at lead underwriter Morgan Stanley cut his Facebook revenue forecasts in the days before the company's initial public offering - information that apparently did not reach small investors before the stock went public and subsequently tumbled. The divide between the research and retail arms of big Wall Street firms has always been deep. ...

Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook Posted: 22 May 2012 05:58 PM PDT NEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook "The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst's discussion with certain institutional investors about the revenue prospects for Facebook," a spokesman for Galvin's office said on Tuesday. "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs. ...

Funds with Facebook hammered as proxy by shorts Posted: 22 May 2012 05:58 PM PDT (Reuters) - Some investment funds have paid a price for their friendship with Facebook since the social networking giant went public last week. Firsthand Technology Value Fund and GSV Capital Corp, two closed-end funds that bought shares of the social media company before the IPO, have taken a beating, used as proxies for betting against Facebook. "Until investors can actually short Facebook, they have to keep shorting things that can give them some sort of proxy for Facebook," said Thomas Vandeventer, manager of the Tocqueville Opportunity Fund, which owns shares in both closed-end funds. ...

SAP to buy Ariba, boosts cloud bet Posted: 22 May 2012 05:00 PM PDT SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. SAP is taking aim at Oracle, the world's No. 2 maker of business management software, as they vie with Salesforce.com Inc in the multibillion dollar cloud-computing services market, one of the industry's hottest area of growth. Shares in Ariba, which were halted briefly, leapt 20 percent to SAP's offer price of about $45 per share. ...

Google's Moog Doodle: The Inside Story Posted: 22 May 2012 05:00 PM PDT Why do Google Doodlers build the things they do? They're fans, that's why. When Google's Chief Doodler Ryan Germick and Google Engineer Joey Hurst decided they wanted to build the Google Moog Synthesizer Doodle, it was to "Pay tribute to someone who was like a patron saint of the nerdy arts," said Germick.

Kleiner partner sues firm for discrimination Posted: 22 May 2012 04:51 PM PDT (Reuters) - Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm alleging sexual harassment and discrimination, according to a lawsuit filed earlier this month in California Superior Court. The lawsuit paints a picture of a firm where complaints against harassment went ignored, where a senior partner suggested that marrying the alleged harasser might be the solution to Pao's difficulties, and where women were labeled "buzz" kills. ...

80% of mobile banking apps may have security flaws Posted: 22 May 2012 04:45 PM PDT Neal O'Farrell, executive director of the nonprofit Identity Theft Council, spoke about the seriousness of mobile security as part of San Francisco Small Business Week, Cult Of Mac reported. "There were more data breaches than U.S. residents last year and more cases of identity theft than just about all other crimes combined," O'Farrell said, adding that unless users are encrypting their devices, they are essentially asking for trouble. "You've got to wake up [and] protect yourself, even if you use a Mac," he said, citing the massive Flashback virus that affected more than 600,000 Mac computers. O'Farrell went on to warn that, "Eight out of ten mobile banking apps have security flaws, but Apple and the banks don't want you

Is This $15 Million Zeppelin the Future of Air Tourism? [HANDS ON] Posted: 22 May 2012 04:38 PM PDT Give me that Old Time Zeppelin

Take-Two 4Q loss triples but sales beat forecast Posted: 22 May 2012 04:32 PM PDT Take-Two Interactive Software Inc. said Tuesday that its fourth-quarter net loss more than tripled as revenue fell and the video game maker failed to repeat the success of "Red Dead Redemption" from a year ago.

R.R. Donnelley buying Edgar Online for $39M Posted: 22 May 2012 04:31 PM PDT Printing company R.R. Donnelley & Sons Co. said Tuesday that it will buy financial data company Edgar Online Inc. for about $38.6 million, adding to its digital products.

What Went Wrong With Facebook's IPO? Posted: 22 May 2012 04:22 PM PDT Facebook's initial public offering is off to a less than spectacular start, to put it generously. The stock closed at $31 on its third day Tuesday, down 18% from its initial offer price of $38, which valued the company just above $100 billion.

Insight: Morgan Stanley cut Facebook estimates just before IPO Posted: 22 May 2012 04:08 PM PDT (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to Facebook's initial public offering - while an investor road show was under way - was a big shock to some, said two investors who were advised of the revised forecast. ...

How Tech Savvy Are Today's Dads? [INFOGRAPHIC] Posted: 22 May 2012 04:07 PM PDT The blogging, Facebook updating, digitally hip mom has become a domestic trope these days. But what about dads?

Website address 'revolution' back in motion Posted: 22 May 2012 03:59 PM PDT The Internet domain name "revolution" was back in action Tuesday with the agency in charge of website addresses once again taking applications for online neighborhoods breaking the ".com" mold.

Nasdaq shareholders mum on Facebook IPO Posted: 22 May 2012 03:58 PM PDT NEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after the exchange operator bungled Facebook's widely anticipated market debut, which helped launch the new stock into a three-day slide. When Nasdaq Chairman H. Furlong Baldwin called for questions at the Tuesday morning meeting in New York, he got eight seconds of silence. Technical glitches marred Facebook's IPO on Nasdaq's exchange on Friday, delaying the social networking giant's market debut by 30 minutes and delaying order confirmations for hours afterward. The U.S. ...

Facebook IPO shows galactic divide between investors Posted: 22 May 2012 03:56 PM PDT NEW YORK (Reuters) - It's no surprise to anyone that big investors get preferential treatment on Wall Street. Investors expressed disappointment, skepticism and even shock on Tuesday after learning that an analyst at lead underwriter Morgan Stanley cut his Facebook revenue forecasts in the days before the company's initial public offering - information that apparently did not reach small investors before the stock went public and subsequently tumbled. The divide between the research and retail arms of big Wall Street firms has always been deep. ...

This Kickstarter for Startups Will Trade Equity for Funding Posted: 22 May 2012 03:53 PM PDT The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.

Facebook settles lawsuit over "Sponsored Stories" Posted: 22 May 2012 03:53 PM PDT SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users' "likes" without compensation or the ability to opt out, according to a court document filed on Tuesday. The proposed class action lawsuit, filed in a San Jose, California federal court, could have included nearly one of every three Americans, with billions of dollars in damages, court documents say. The terms of the settlement are not spelled out in court filings. ...

Summary Box: Google takes control at Motorola Posted: 22 May 2012 03:45 PM PDT DONE DEAL: Google has completed its $12.5 billion acquisition of device maker Motorola Mobility nine months after the deal was announced. The companies had to wait until regulators were satisfied Google Inc. wouldn't be able use Motorola Mobility Holdings Inc. to stifle competition in the smartphone market.

Auto-Correct Is Not Ruining Spelling Posted: 22 May 2012 03:37 PM PDT Today in studies that claim the Internet is ruining our lives, the BBC informs us that auto-correct and spellcheckers have turned us into a bunch of illiterate idiots. But our spelling has been degrading for much longer than iPhone auto-correct has been around. In a survey of more than 2,000 British people, one third of the participants could not spell definitely and two-thirds could not spell separate. While that does sound scary, the survey doesn't indicate whether spelling is rising or falling in Britannia. ...

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