Wednesday, July 25, 2012

Game maker Zynga stock tanks after weak 2Q report

Game maker Zynga stock tanks after weak 2Q report


Game maker Zynga stock tanks after weak 2Q report

Posted: 25 Jul 2012 04:49 PM PDT

FILE- In this Tuesday, June 26, 2012 file photo, Zynga CEO Mark Pincus walks off the stage after an announcement of new games at Zynga headquarters in San Francisco. Zynga's stock is tanking after the online game maker reported a loss in the second quarter on Wednesday, July 25, 2012, with adjusted earnings and revenue below Wall Street's already-low expectations. (AP Photo/Paul Sakuma, File)Zynga Inc. lost money and received less revenue than anticipated in the second quarter because "CityVille," ''FarmVille" and other games are not attracting as many paying players as they should.


Facebook's day of reckoning: 2Q earnings report

Posted: 25 Jul 2012 04:22 PM PDT

FILE - This May 11, 2012 file photo, shows workers at the Facebook office in Menlo Park, Calif. The company plans to release its earnings on Thursday, July 26, 2012. (AP Photo/Jeff Chiu, File)It's showtime for Facebook. Call it the second act after its rocky initial public offering two months ago. On Thursday, the company will take the spotlight once again for its first earnings report as a public company.


Apple shares retreat after rare earnings miss

Posted: 25 Jul 2012 12:39 PM PDT

Apple's stock fell Wednesday after the company did something un-Apple-like: posting results below Wall Street expectations.

New paint could help soldiers clean up after chemical attacks

Posted: 25 Jul 2012 06:34 PM PDT

The possible use of chemical weapons in war is something no one in the military wants to think about, but if the worst does happens they need effective ways to deal with the fallout. Troops can remove their uniforms and … Continue reading →

Want a one-way ticket to Mars? A Dutch company is looking for you

Posted: 25 Jul 2012 06:28 PM PDT

If you've always wanted to live on a distant world, Dutch company Mars One wants to give you your chance to settle on the red planet. There's only one catch: You'll never be able to return to Earth. Next year, … Continue reading →

With Wajam Great Minds Shop Alike

Posted: 25 Jul 2012 03:16 PM PDT

With Wajam Great Minds Shop AlikeName: Wajam Social Shopping


Apple shares retreat after rare earnings miss

Posted: 25 Jul 2012 12:39 PM PDT

Apple's stock fell Wednesday after the company did something un-Apple-like: posting results below Wall Street expectations.

UK watchdog: Stop recording taxi conversations

Posted: 25 Jul 2012 11:56 AM PDT

Britain's information watchdog on Wednesday ordered a city council to stop the mandatory recording of people's conversations in taxis, saying the policy breaches the Data Protection act.

LG Electronics' profit falls as mobile loses money

Posted: 25 Jul 2012 03:18 AM PDT

A boy watches a 3D animation movie at a display for LG Electronics products inside the COEX Mall in Seoul, South Korea, Wednesday, July 25, 2012. LG Electronics reported a lower quarterly profit as its mobile phone division sank to a loss, underlining the challenges for its smartphone business as it struggles with competition from Apple and Samsung. (AP Photo/Hye Soo Nah)LG Electronics reported a lower quarterly profit as its mobile phone division sank to a loss and forecast its earnings to deteriorate further, underlining the challenges for its smartphone business as it struggles with competition from Apple and Samsung.


Now Showyou shines on the iPhone

Posted: 25 Jul 2012 09:00 PM PDT

Showyou, already our favorite iOS application for video discovery, today debuts a fully revamped iPhone app that separates the service from the pack of worthy competitors.

Now Showyou shines on the iPhone

Posted: 25 Jul 2012 09:00 PM PDT

Showyou, already our favorite iOS application for video discovery, today debuts a fully revamped iPhone app that separates the service from the pack of worthy competitors.

Zynga Is Dragging Facebook Down With It

Posted: 25 Jul 2012 08:19 PM PDT

Zynga Is Dragging Facebook Down With ItZynga's second-quarter earnings report didn't go very well today, and now the stock is plummeting in after hours trading. It's having an interesting side effect, though. Facebook's stock is going down with it. 


Microsoft reportedly won’t let Dell build a tablet for Windows RT launch

Posted: 25 Jul 2012 08:05 PM PDT

Microsoft reportedly won't let Dell build a tablet for Windows RT launchIt's no secret that Microsoft is being much more careful than usual when it comes to which vendors it will let make tablets based on its Windows RT operating system for its initial Windows 8 launch this fall. And according to Unwired View, only four of Microsoft's (MSFT) original equipment manufacturers have been given the green light to make Windows RT tablets so far: Asus (2357), Toshiba (6502), Samsung (005930) and Lenovo. Hewlett-Packard (HPQ) had originally been asked to make a Windows RT tablet, but the company declined the offer last month, thus opening up speculation that Dell (DELL) might take its place.However, Business Insider's Julie Bort reached out to see whether Dell is actively involved in making a Windows RT


Logitech posts wider Q1 loss as weak demand bites

Posted: 25 Jul 2012 07:55 PM PDT

Logitech headquarters are pictured in Morges near Lausanne(Reuters) - Logitech, the world's biggest computer mouse maker, fell to a deeper first-quarter net loss, missing analyst forecasts, as the company struggles with weak demand amid worries about the global economy. The Swiss-listed firm said it booked a first-quarter net loss of $52 million, or 32 cents per share, wider than a year-earlier net loss of $30 million, or 17 cents per share. The company was expected to post a first-quarter loss of $24.7 million, or 14 cents a share, according to a Reuters Poll. Quarterly sales were $469 million, down 2 percent from $480 million a year ago. ...


Apple's invincibility fades on Iphone miss, global woes

Posted: 25 Jul 2012 07:42 PM PDT

File photo of people waiting on street in front of Apple store as they await sales of new iPad in Apple store in MunichSAN FRANCISCO (Reuters) - Apple Inc's biggest success has become its biggest risk factor. The iPhone revolutionized the smartphone industry, driving Apple's expansion into Europe and China and, after just half a decade, yields about half its annual $100 billion revenue haul. But the world's most valuable technology company -- which throughout the global recession near-unfailingly smashed Wall Street forecasts -- is beginning to lose its aura of invincibility. The company has missed Wall Street targets twice in under a year. ...


iOS shoots ahead of Android in enterprise app developer interest

Posted: 25 Jul 2012 07:00 PM PDT

iOS shoots ahead of Android in enterprise app developer interestAppcelerator and IDC have released another survey of app developers and this time they've found that Apple's (AAPL) iOS is now clearly favored by app developers when it comes to the being the best operating system for selling enterprise apps. When asked by Appcelerator and IDC which mobile platform was best-positioned to win in the enterprise long-term, 53% of app developers pointed to iOS while 37% chose Android. This is a big shift from a year ago when a similar survey found that an equal number of developers thought Android and iOS were the best-positioned to win in the enterprise. The survey also showed continued deterioration for RIM in the enterprise space, as just 2% of developers surveyed said it was in


Zynga takes axe to outlook, spooks Facebook investors

Posted: 25 Jul 2012 06:52 PM PDT

File photo of the corporate logo of Zynga Inc at its headquarters in San FranciscoSAN FRANCISCO (Reuters) - Game provider Zynga Inc slashed its 2012 outlook and quarterly results badly missed Wall Street targets, sending its stock plunging 35 percent and casting a chill over Facebook Inc on the eve of the social network's inaugural results. Investors now fear a larger-than-expected hit to Facebook's earnings, which relies on the "FarmVille" creators for about 15 percent of its revenue. Shares in the No. 1 social network, which has yet to regain investor confidence since its botched May IPO, slid more than 7 percent to a new low of $27 in after-hours trading. ...


Apple says Samsung patent royalty demands unfair

Posted: 25 Jul 2012 06:50 PM PDT

Employees hang a poster advertising the New iPad at an Apple dealership in WuhanSAN FRANCISCO (Reuters) - Apple Inc said Samsung Electronics Co Ltd is demanding from the iPhone maker a far higher patent royalty than Apple pays to other companies, at a rate the South Korean company has never sought from any other licensee. The information was contained in portions of an Apple legal brief freshly unsealed in U.S. court on Wednesday, and provides more detail about each side's negotiating position in the run-up to a high stakes trial set to begin next week. In a separate filing, Samsung contended that its royalty demands are consistent with industry norms. ...


Dice Holdings' shares drop on soft outlook

Posted: 25 Jul 2012 06:50 PM PDT

Shares in careers website company Dice Holdings Inc. fell sharply on Wednesday after it noted weaker recruiting activity by hiring managers in the financial services industry and forecast revenue below Wall Street's expectations.

Google, Facebook, Amazon and eBay found pro-tech lobbying group

Posted: 25 Jul 2012 06:05 PM PDT

Google, Facebook, Amazon and eBay found pro-tech lobbying groupFour major Internet companies are giving America just what it needs: More federal lobbyists. The Washington Post reports that Google (GOOG), Amazon (AMZN), Facebook (FB) and eBay (EBAY) have all teamed up to form the Internet Association, a lobbying group that describes itself as "the unified voice of the Internet economy, representing the interests of America's leading Internet companies and their global community of users." The group is being headed by Michael Beckerman, who most recently worked as the deputy staff director for the U.S. House Energy and Commerce Committee and as an advisor to committee chairman Rep. Fred Upton (R-MI). While the group has yet to post any official policy recommendations on its website, it's a safe bet that special,


New Google studio aims to turn YouTube celebrities into actual stars

Posted: 25 Jul 2012 05:00 PM PDT

New Google studio aims to turn YouTube celebrities into actual starsImagine if the Star Wars Kid could have had a real light saber, or if Chris Crocker could have had Britney Spears show up to comfort him in his time of sorrow or if Keyboard Cat could have a professional pianist teach him to play Beethoven's "Emperor" Concerto? Per the Telegraph, it seems that Google (GOOG) is trying to make such wonderful dreams come true by opening up a new studio aimed at helping "some of the most popular YouTube posters make their videos look more professional." The so-called "creator space" studio will be based in Google's Soho offices in the United Kingdom and will let users "book time in the space to create and collaborate with other creators, learn


Justin Bieber, New York Times Invest in Revamped Recommendations App Stamped

Posted: 25 Jul 2012 04:59 PM PDT

Justin Bieber, New York Times Invest in Revamped Recommendations App StampedStamped is rolling out on Thursday a dynamic new version of its recommendations app for iPhone and iPod touch devices. The company has also announced a web companion and a new round of financing from some noteworthy names, including singer Justin Bieber, comedian Ellen DeGeneres and The New York Times Company.


What earnings reports have revealed about ads

Posted: 25 Jul 2012 04:53 PM PDT

FILE - In this May 20, 2012 file photo, a Yahoo sign stands outside the company's offices in Santa Clara, Calif. Yahoo turned in another lackluster performance in the second quarter announce the company on Tuesday, July 17, 2012. The results underscore the challenges facing Yahoo's newly hired CEO Marissa Mayer as she tries to turn around the Internet company after a 13-year career as a top Google executive. (AP Photo/Paul Sakuma, File)AOL Inc. and IAC/InterActiveCorp both reported stronger-than-expected results Wednesday. Other companies will be reporting in the coming days and weeks.


Game maker Zynga stock tanks after weak 2Q report

Posted: 25 Jul 2012 04:49 PM PDT

FILE- In this Tuesday, June 26, 2012 file photo, Zynga CEO Mark Pincus walks off the stage after an announcement of new games at Zynga headquarters in San Francisco. Zynga's stock is tanking after the online game maker reported a loss in the second quarter on Wednesday, July 25, 2012, with adjusted earnings and revenue below Wall Street's already-low expectations. (AP Photo/Paul Sakuma, File)Zynga Inc. lost money and received less revenue than anticipated in the second quarter because "CityVille," ''FarmVille" and other games are not attracting as many paying players as they should.


MKS Instruments slides on 2Q results and outlook

Posted: 25 Jul 2012 04:26 PM PDT

Shares of MKS Instruments Inc. fell in aftermarket trading Wednesday after the company posted disappointing second-quarter results and said its business has remained weak into the third quarter.

Facebook's day of reckoning: 2Q earnings report

Posted: 25 Jul 2012 04:22 PM PDT

FILE - This May 11, 2012 file photo, shows workers at the Facebook office in Menlo Park, Calif. The company plans to release its earnings on Thursday, July 26, 2012. (AP Photo/Jeff Chiu, File)It's showtime for Facebook. Call it the second act after its rocky initial public offering two months ago. On Thursday, the company will take the spotlight once again for its first earnings report as a public company.


The Dreaded 'Technology or Media' Question

Posted: 25 Jul 2012 04:12 PM PDT

The Dreaded 'Technology or Media' QuestionWhen companies are asked to define themselves as either media or tech companies, often they don't have a definitive answer. Today, for example, The New York Times's Nick Bilton wondered "Is Twitter a Media or a Technology Company?" In light of recent moves, like today's announcement that the company would have an Olympics coverage destination, or that the company is working on an in-stream video service, it looks like Twitter has "media company" aspirations. But, then again, Twitter is, at its core, a platform that was built using technology. ...


Western Digital 4Q blows past Street; shares soar

Posted: 25 Jul 2012 04:09 PM PDT

Hard-drive maker Western Digital Corp. said Wednesday that its net income jumped nearly five-fold in the quarter through June, beating analyst expectations, as it reaped the benefits of its $3.9 billion acquisition of Hitachi Global Storage Technologies.

HTML5 is overhyped, no threat to native iOS and Android apps

Posted: 25 Jul 2012 04:05 PM PDT

HTML5 is overhyped, no threat to native iOS and Android appsIndustry watchers often debate whether or not HTML5-based Web apps pose a threat to the massive ecosystems that revolve around native apps. According to a recent report from market research firm Strategy Analytics, the answer is a decisive "no." Apple (AAPL) and Google (GOOG) have built huge economies that revolve around mobile apps, and analysts are always looking for a read on how modern Web standards like HTML5 might impact native apps. Strategy Analytics's report suggests that rather than replace native apps, the advent of standards like HTML5 will result in the creation of a third category of hybrid apps. "HTML5 is not the future of apps. While developers dream of 'write once run everywhere' the fragmented support for and


Marketing push widens Angie's List's 2Q loss

Posted: 25 Jul 2012 03:58 PM PDT

Angie's List losses are still piling up as the company spends more to lure people to its online business-review service and persuade them to pay to see ratings on everything from plastic surgeons to sewer cleaners.

Enjoy these cool and refreshing ice cream games on your Android

Posted: 25 Jul 2012 03:30 PM PDT

In 1984, Ronald Reagan designated July as National Ice Cream Month. Ice cream is one of my favorite things to have, especially on a hot summer night. To honor this grand event, I thought it would be neat to see what sort of games were available on Google Play that involved ice cream. There are quite a few, and these are the ones I found most entertaining.

A look at how some IPO stocks have fared

Posted: 25 Jul 2012 03:27 PM PDT

Facebook's public debut was the most anticipated tech IPO since Google went public in August 2004. But the stock has lost much of its value since it began trading in mid-May.

With Wajam Great Minds Shop Alike

Posted: 25 Jul 2012 03:16 PM PDT

With Wajam Great Minds Shop AlikeName: Wajam Social Shopping


Prices of Facebook stock since long-awaited IPO

Posted: 25 Jul 2012 03:14 PM PDT

FILE - In this Friday, May 18, 2012 file photo, electronic screens show the price of Facebook shares after they began trading in New York. A flood of analyst reports from the banks that led Facebook's initial public offering gave the company's stock a mix of "Neutral" and "Buy" ratings on Wednesday, June 27, 2012 The day marks the end of a 40-day quiet period following the IPO, during which the underwriters aren't allowed to issue ratings. (AP Photo/Richard Drew)Facebook's stock gained 3 percent during regular trading, though it fell by much more in after-hours trading following disappointing results from Zynga Inc., which makes online games mostly played on Facebook.


Zynga slashes outlook, denting its stock and Facebook's

Posted: 25 Jul 2012 03:08 PM PDT

File photo of Zynga General Manager Manuel Bronstein speaking at the Zynga Unleashed event in San FranciscoSAN FRANCISCO (Reuters) - Zynga Inc, the social gaming company, slashed its 2012 earnings outlook after its second-quarter results badly missed Wall Street's targets, sending its stock plunging more than 40 percent to a record low. The miss by the creator of the "Farmville and "Hidden Chronicles" games also dragged down shares of Facebook Inc. Facebook, which relies on the game publisher for some 15 percent of its revenue, is to release its inaugural results as a public company on Thursday. ...


ATMI posts greater 2Q income after SDS deal

Posted: 25 Jul 2012 03:03 PM PDT

Specialty semiconductor materials maker ATMI Inc. said Wednesday its net income rose 3 percent in the second quarter as an acquisition shored up its sales.

RadioShack posts loss, suspends dividend

Posted: 25 Jul 2012 03:02 PM PDT

Shares of RadioShack Corp. slumped to an all-time low on Wednesday after the struggling electronics retailer reported an unexpected $21 million loss for its second quarter. Its shift toward selling smartphones and their accessories was not enough to offset a decline in demand in other consumer electronics.

Music industry’s anti-piracy playbook revealed: Site blocking, app removal and litigation

Posted: 25 Jul 2012 03:00 PM PDT

Music industry's anti-piracy playbook revealed: Site blocking, app removal and litigationA leaked confidential report from the archaically-named International Federation of the Phonographic Industry (IFPI) has revealed a wide range of strategies being employed by the recording industry to fight piracy, including petitioning for the removal of third-party music apps from app stores and petitioning ISPs to block sites that offer pirated music. The report, obtained by TorrentFreak, shows that the IFPI is advising the music industry to attack piracy with multiple tactics that are divided into five broad categories:  Take down, Disruption, Investigation, Lobbying and Litigation.Among other things, the IFPI says the industry should attack companies that advertise on piracy sites by implementing a "structured notice and take down program targeting Google's (GOOG) AdSense and DoubleClick advertising networks"; create "quick take down agreements" with Google, Apple (AAPL)


Review: New Mac software well worth $20 upgrade

Posted: 25 Jul 2012 02:52 PM PDT

A customer looks at the new OS X Mountain Lion operating system at an Apple store in Palo Alto, Calif., Wednesday, July 25, 2012. Apple Inc. released its new operating system for Mac computers on Wednesday, with features borrowed from mobile devices and a tighter integration with online file storage. Dubbed Mountain Lion, the new software narrows the gap between the PC and phone software packages, making Mac personal computers work more like iPhones and iPads. (AP Photo/Paul Sakuma)I didn't need to spend a lot of time with the new Mac operating system to see that phones and tablet computers have won out over personal computers at Apple.


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