Friday, October 26, 2012

Star Silicon Valley analyst felled by Facebook IPO fallout

Star Silicon Valley analyst felled by Facebook IPO fallout

Star Silicon Valley analyst felled by Facebook IPO fallout

Posted: 26 Oct 2012 08:45 PM PDT

The sun rises behind the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch,SAN FRANCISCO (Reuters) - The firing of Citigroup stock analyst Mark Mahaney on Friday in the regulatory fallout from Facebook Inc's initial public offering was greeted with shock and dismay in Silicon Valley, where Mahaney was a well-known and well-liked figure. "Pretty shocked," was the reaction of Jacob Funds Chief Executive Ryan Jacob, who described Mahaney as one of the most respected financial analysts covering the Internet industry. "I'd put him at the top. If not at the top, then near the top," said Jacob. "He really knew what to look for. ...

Surface tablet buzz starts, but Windows 8 excitement muted

Posted: 26 Oct 2012 04:32 PM PDT

Microsoft tablet PC Surface is shown at the launch event of Windows 8 operating system in New YorkSEATTLE (Reuters) - U.S. shoppers woke up with mild Surface fever on Friday, lining up in moderate numbers to buy Microsoft's groundbreaking tablet computer designed to challenge Apple's iPad. The global debut of the Windows 8 operating system was greeted with pockets of enthusiasm, but not the mania reserved for some previous Apple Inc launches. Microsoft is positioning the slick new computing device, which runs a limited version of Windows and Office with a thin, click-on keyboard cover, as a perfect combination of PC and tablet that is good for work as well as entertainment. ...

How to Get Windows 8 Now

Posted: 26 Oct 2012 11:58 AM PDT

How to Get Windows 8 NowMicrosoft officially launched its Windows 8 operating system Friday, but you will only find the software on brand new computer systems.

Psy Look-alikes Battle in 'Gangnam Style' Dance-Off [VIDEO]

Posted: 26 Oct 2012 10:57 AM PDT

Psy Look-alikes Battle in 'Gangnam Style' Dance-Off [VIDEO]Psy Lookalike at HallowMEME

New York man who sued Facebook faces criminal charges

Posted: 26 Oct 2012 01:43 PM PDT

Facebook website pages opened in an internet browser are seen in this photo illustration taken in Lavigny(Reuters) - A New York man was arrested Friday on charges he forged documents in a multibillion-dollar scheme to defraud Facebook Inc and its chief executive, Mark Zuckerberg, through a lawsuit claiming a huge ownership stake in the Internet company. Paul Ceglia, 39, a one-time wood pellet salesman from Wellsville, New York, was charged with mail and wire fraud over what federal prosecutors and the U.S. Postal Inspection Service said was fabricated evidence to support his claim to a large stake in Facebook through a 2003 deal with Zuckerberg. ...

Taxpayer data exposed in cyber attack on South Carolina agency

Posted: 26 Oct 2012 06:23 PM PDT

CHARLESTON, South Carolina (Reuters) - As many as 3.6 million Social Security numbers and 387,000 credit and debit card numbers used by state taxpayers could have been exposed to a hacker in recent cyber attacks on the state Department of Revenue's computers, officials said on Friday. The vast majority of the credit card numbers used by South Carolina taxpayers were encrypted, but about 16,000 were not, meaning the data was fully exposed, state police said. None of the Social Security numbers were encrypted, said State Law Enforcement Division spokesman Thom Berry. ...

New Android apps worth downloading: ComicBook!, Fontly, Infinite Monsters

Posted: 26 Oct 2012 04:28 AM PDT

Create your own comics with your photos using today's leading app. With ComicBook! you can stylize your photos, adding speech bubbles and more to make them look like your own personal comic books. We've also got Fontly, a photo-sharing app dedicated to typography, and Infinite Monsters, a side-scrolling shooter that's all about blasting various beasties.

Star Silicon Valley analyst felled by Facebook IPO fallout

Posted: 26 Oct 2012 08:45 PM PDT

The sun rises behind the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch,SAN FRANCISCO (Reuters) - The firing of Citigroup stock analyst Mark Mahaney on Friday in the regulatory fallout from Facebook Inc's initial public offering was greeted with shock and dismay in Silicon Valley, where Mahaney was a well-known and well-liked figure. "Pretty shocked," was the reaction of Jacob Funds Chief Executive Ryan Jacob, who described Mahaney as one of the most respected financial analysts covering the Internet industry. "I'd put him at the top. If not at the top, then near the top," said Jacob. "He really knew what to look for. ...

Taxpayer data exposed in cyber attack on South Carolina agency

Posted: 26 Oct 2012 06:23 PM PDT

CHARLESTON, South Carolina (Reuters) - As many as 3.6 million Social Security numbers and 387,000 credit and debit card numbers used by state taxpayers could have been exposed to a hacker in recent cyber attacks on the state Department of Revenue's computers, officials said on Friday. The vast majority of the credit card numbers used by South Carolina taxpayers were encrypted, but about 16,000 were not, meaning the data was fully exposed, state police said. None of the Social Security numbers were encrypted, said State Law Enforcement Division spokesman Thom Berry. ...

Comcast 3Q profit, sales top Street on upbeat subs

Posted: 26 Oct 2012 03:49 PM PDT

FILE - In this Feb. 15, 2011 file photo, Comcast logos are displayed on installation trucks in Pittsburgh. Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer cancelations of video service than expected and by breaking even on the expensive-to-produce London Olympics on NBC. (AP Photo/Gene J. Puskar, File)Comcast Corp., the nation's largest provider of cable TV and Internet services, more than doubled its net income in the third quarter, chiefly due to the sale of wireless spectrum and its stake in the A&E TV channel.

Citi fined $2 million over Facebook IPO, fires two analysts

Posted: 26 Oct 2012 03:29 PM PDT

File photo of people walking by a Citibank branch in New YorkBOSTON/SAN FRANCISCO (Reuters) - Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook IPO and information on other tech companies. It was the first formal charge involving an underwriter's disclosure of sensitive financial information ahead of the social media company's $16 billion initial public offering in May. ...

Apple stock falls under $600 after holiday warning

Posted: 26 Oct 2012 03:28 PM PDT

FILE - In this Saturday, Oct. 20, 2012, file photo, employees cheer customers as they enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.The slowdown in the growth of iPad sales was not unexpected, as the rumour mill correctly predicted that Apple would launch a smaller, cheaper iPad. It announced that device, the iPad Mini, on Tuesday, Oct. 23. (AP Photo/Andy Wong, File)Apple's stock fell below $600 Friday for the first time in three months, after the consumer electronics behemoth warned that costs of making new products will cut into profits in the holiday quarter.

Where do I click, again? A guide to Windows 8

Posted: 26 Oct 2012 03:10 PM PDT

A Microsoft store product advisor displays the new Surface table computer as customers enter the store as it opens Friday, Oct. 26, 2012 in Seattle. Friday was the first day of sales for the new Windows 8 operating system and the company's new tablet computer, the Surface. (AP Photo/Elaine Thompson)With the launch of Windows 8, people are about to discover a computing experience unlike anything they've seen before. Here's a guide to getting past some of the hurdles.

Google Joins the Race to Same-Day Delivery Race in San Francisco

Posted: 26 Oct 2012 03:04 PM PDT

Google Joins the Race to Same-Day Delivery Race in San FranciscoFollowing in the steps of Amazon and Wal-Mart, Google has launched same day delivery, just for certain San Francisco dwellers for now, reports The New York Times's Clair Cain Miller. You may be thinking, wait, Google doesn't sell things or have warehouses or stores. But, unlike Amazon or Wal-Mart it plans on teaming up with retailers and shipping companies, says Miller. Earlier this month, the U.S. Postal Service filed a notice about trialing its own S.F. initiative to offer same day delivery. It plans on partnering with 10 online stores at first. ...

Weekly changes in Facebook stock prices

Posted: 26 Oct 2012 02:16 PM PDT

German tourists who use Facebook, take pictures outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)On its first day of trading, Facebook Inc.'s stock closed barely above its public offering price. It gained 23 cents, or 0.6 percent, to close at $38.23. Since then, the stock price fell for 14 weeks and increased for nine.

What earnings reports have revealed about ads

Posted: 26 Oct 2012 02:15 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)Companies that sell advertising have begun releasing their earnings reports for the latest quarter. Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising.

Gadgets add complexity to brutal bank layoffs

Posted: 26 Oct 2012 01:48 PM PDT

A BlackBerry handset is displayed in WashingtonLONDON (Reuters) - In the high-tech, gadget-addicted world of investment banking, layoffs are becoming more complex and brutal as firms try to stop sensitive data leaving with employees. Sackings are usually swift, with bankers escorted out, a few belongings thrown into boxes and Blackberries and phones disabled the minute they get their marching orders. But weeks of trawling through old emails and planning software lockdowns now precede and follow the job cuts that are happening in thousands, adding a new layer of indignity to the process. ...

New York man who sued Facebook faces criminal charges

Posted: 26 Oct 2012 01:43 PM PDT

Facebook website pages opened in an internet browser are seen in this photo illustration taken in Lavigny(Reuters) - A New York man was arrested Friday on charges he forged documents in a multibillion-dollar scheme to defraud Facebook Inc and its chief executive, Mark Zuckerberg, through a lawsuit claiming a huge ownership stake in the Internet company. Paul Ceglia, 39, a one-time wood pellet salesman from Wellsville, New York, was charged with mail and wire fraud over what federal prosecutors and the U.S. Postal Inspection Service said was fabricated evidence to support his claim to a large stake in Facebook through a 2003 deal with Zuckerberg. ...

Clearwire to use Huawei equipment in network upgrade

Posted: 26 Oct 2012 01:34 PM PDT

A man walks past a Huawei company logo outside the entrance of a Huawei office in WuhanNEW YORK (Reuters) - Wireless service provider Clearwire Corp said on Friday it will use equipment from China's Huawei in a high-speed network upgrade it starts in 2013, with the blessing of the U.S. government. Clearwire said it reviewed its plans "with the technical arms of multiple federal agencies" and that it has "great respect for the U.S. government and their oversight role over the nation's infrastructure." The decision follows a U.S. congressional report earlier this month that said Huawei network equipment should be kept out of the U.S. ...

Citi fires analyst, pays fine over Facebook leak

Posted: 26 Oct 2012 01:25 PM PDT

The young Citigroup analyst was researching Facebook before it went public. He dropped an email to two of his buddies at a popular technology blog, leaking them information about Citigroup's research that was supposed to be private.

Former tech exec settles insider trading charges

Posted: 26 Oct 2012 12:32 PM PDT

A former executive at a technology firm in Silicon Valley is settling charges lodged by federal regulators that he provided insider information to convicted Galleon hedge fund manager Raj Rajaratnam.

How to Get Windows 8 Now

Posted: 26 Oct 2012 11:58 AM PDT

How to Get Windows 8 NowMicrosoft officially launched its Windows 8 operating system Friday, but you will only find the software on brand new computer systems.

How chips, PCs, services companies are faring

Posted: 26 Oct 2012 11:41 AM PDT

In this Thursday, July 12, 2012, photo, Intel Core i7 processors are stacked at a store in Cambridge, Mass. Intel, the world's largest chipmaker, said Tuesday, July 17, 2012, the weak global economy is slowing its growth as its earnings fell 4.3 per cent in the latest quarter as operating expenses rose faster than revenue. (AP Photo/Charles Krupa)Companies providing computers, components, services and related software have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers. Here's a look at how selected companies are faring.

GameStop to open seasonal stores for kids

Posted: 26 Oct 2012 11:38 AM PDT

GameStop plans to open about 80 holiday stores aimed at younger kids.

Exclusive: Massachusetts' regulator eyes other firms on research

Posted: 26 Oct 2012 11:31 AM PDT

BOSTON (Reuters) - Massachusetts' top securities regulator said on Friday that his office is looking into whether top Wall Street investment banks in addition to Citigroup have leaked research in violation of state law on how to share this kind of information. "We are looking at all of them, Morgan Stanley, Goldman Sachs, JPMorgan," regulator William Galvin said in a telephone interview about the probe. "It is a very active investigation," Galvin said, declining to give more information about what kind of charges may be made. ...

How the video games industry is faring

Posted: 26 Oct 2012 11:28 AM PDT

Companies in the video games industry have begun releasing their earnings reports for the latest quarter. Here's a look at selected companies that make or sell video games or machines.

How makers of phones and tablets are faring

Posted: 26 Oct 2012 11:26 AM PDT

The iPad mini, at left, is shown next to the 4th generation iPad in San Jose, Calif., Tuesday, Oct. 23, 2012. The device has a screen that's about two-thirds the size of the full-size model, and Apple says it will cost $329 and up. (AP Photo/Marcio Jose Sanchez)Makers of phones and tablet computers have begun releasing results for the latest quarter. Many companies including Nokia and Research in Motion have been struggling to compete with Apple and manufacturers of devices running Google's Android software. Here's a look at how makers of phones and tablet computers are doing.

How consumer-electronics makers are faring

Posted: 26 Oct 2012 11:15 AM PDT

In this Thursday, July 19, 2012, photo, an Apple worker, left, gives a tutorial on Apple iPad to customers at an Apple store in Palo Alto, Calif. Apple Inc. reports quarterly financial results after the market closes on Tuesday, July 24. (AP Photo/Paul Sakuma)Makers and sellers of consumer-electronics devices have begun releasing their earnings reports for the latest quarter. Here's a look at selected companies that report unit sales on phones, tablet computers and other devices.

A look at tech companies with recent IPOs

Posted: 26 Oct 2012 11:12 AM PDT

This June 20, 2012 photo shows a Facebook login page on a computer screen in Oakland, N.J. Facebook is expected to report their quarterly financial results after the market closes on Thursday, July 26, 2012. (AP Photo/Stace Maude)Facebook and other companies that went public recently are starting to report quarterly earnings. Here's a look at earnings reports from some tech companies that had IPOs since last year.

What financial reports reveal about movie studios

Posted: 26 Oct 2012 11:11 AM PDT

Companies with movie studios have begun releasing their earnings reports for the latest quarter. Here's a look at reports for selected movie industry companies.

What financial reports reveal about TV networks

Posted: 26 Oct 2012 11:09 AM PDT

Companies with television networks have begun releasing their earnings reports for the latest quarter. Here's a look at reports for selected television network companies.

Washington and Zemeckis take off in 'Flight'

Posted: 26 Oct 2012 11:06 AM PDT

This film image released by Paramount Pictures shows Denzel Washington portraying Whip Whitaker in a scene from "Flight." Washington plays an airline pilot who, despite being hung-over, drunk and coked-up, manages to bring down a rapidly deteriorating plane in a daring emergency landing on what should have been a routine flight between Orlando, Fla., and Atlanta. (AP Photo/Paramount Pictures, Robert Zuckerman)You might think that Robert Zemeckis, having devoted himself to motion-capture animation for the last 12 years, would be thrilled to return to the unpredictability of live-action filmmaking — those moments of serendipity when the elements align for something surprising.

A look at telecom-industry subscriber reports

Posted: 26 Oct 2012 11:00 AM PDT

FILE-This May 6, 2012, file photo, shows an AT&T sign at a store in New York. AT&T is seeing declining smartphone sales, leading to the best profitability ever in its wireless arm as it saves on phone subsidies. The largest telecommunications company in the U.S. says it activated 5.1 million smartphones in its latest quarter, down from 5.5 million in the same period a year ago. (AP Photo/CX Matiash, File)Telecommunications companies have begun releasing their earnings reports for the latest quarter. Here is a summary of reports for selected telecommunications companies and what they reveal about their own and the industry's prospects.

A look at cable, satellite TV earnings reports

Posted: 26 Oct 2012 10:59 AM PDT

FILE-In this May 6, 2012, file photo, a woman talks on her cell phone outside an AT&T store in New York. AT&T is seeing declining smartphone sales, leading to the best profitability ever in its wireless arm as it saves on phone subsidies. The largest telecommunications company in the U.S. says it activated 5.1 million smartphones in its latest quarter, down from 5.5 million in the same period a year ago. (AP Photo/CX Matiash,File)Cable and satellite TV companies have begun releasing their earnings reports for the latest quarter. Here is a summary of earnings reports for selected companies and what they reveal about the industry's prospects.
Posted by Harshad at 9:09 PM

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