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Regulators may review bank's Facebook allegations, report says

The chairman of the Financial Industry Regulatory Authority told Reuters today that regulators plan to review the allegations that Facebook's own underwriter shared negative news with big investors in the run-up to the Facebook IPO last week. The SEC is also reportedly going to investigate.

News of a possible probe follows a Reuters report last night that said Morgan Stanley and Goldman Sachs each told major clients that it was reducing its revenue forecast for Facebook.

"The allegations, if true, are a matter of regulatory concern" to the Financial Industry Regulatory Authority and to the SEC, FINRA … Read more

Did Facebook underwriter spook investors before IPO?

While Facebook's underwriters have been credited with keeping the stock afloat during its first day of trading, a new report suggests that the action of one the company's bankers may have helped sink the social network's much-anticipated offering well before its first trade.

In the days before Facebook's IPO, the lead underwriter for the deal told major clients it was reducing its revenue forecast for the company, according to a Reuters report.

Morgan Stanley's revised forecast so close to the monster IPO came as a huge shock to some, likely contributing to the lackluster performance … Read more

RIM looking to JPMorgan for life support, report says

Research In Motion CEO Thorsten Heins has decided he needs some outside input on the company's strategy, according to a new report.

The BlackBerry maker is currently nearing a decision to pick a financial adviser that will help it make strategic decisions, according to Bloomberg, citing sources. JPMorgan Chase is the front-runner in RIM's list of choices, and could be named its adviser within the next couple of days, the news agency is reporting.

RIM's reported decision to bring on a financial adviser comes just a few weeks after the company posted a bleak fiscal fourth quarter that saw the firm lose $125 million, … Read more

The 404 1,032: Where we get lucky with Morgan Spurlock (podcast)

Our guest today is documentary filmmaker Morgan Spurlock, who joins us today to talk about his new film "Comic Con Episode IV: A Fan's Hope."

He'll tell us about what it was like to meet geek royalty like Joss Whedon, Stan Lee, Frank Miller, Kevin Smith, and more. We also ask him about his own history with comic books and how sci-fi movies pushed him to create his own movies.… Read more

Why the vaunted spectrum auctions won't cut it

Editors' note: This is a guest column. See Morgan Reed's bio below.

In the Broadway musical "Oliver!," orphaned Oliver Twist famously holds out his empty bowl and asks, "Please sir, may I have some more?" For those of us who make mobile applications, we feel like Oliver, holding out our virtual bowl, begging for more spectrum to fill the hungry bellies of our customers.

App developers cheered when the divided Congress passed legislation providing for incentivized spectrum auctions while freeing up unlicensed spectrum. This is a step in the right direction, but it didn't … Read more

iPhone 5 coming this fall, says analyst

A research note from an investment bank today sees an iPhone 5 coming this fall and sees strong growth for Apple's popular phone in the coming quarter.

The iPhone will comprise roughly 50 percent of Apple's total revenue in the next reported quarter, wrote Tavis McCourt of Morgan Keegan.

"We expect iPhone revenues to represent 47.5% of Apple's total revenues in [the December quarter], up from 38.8% in the Sep. quarter, and up from 39.1% in the year ago period," he wrote.

And he is upping his iPhone shipment estimate for the … Read more

Kindle Fire burned up some holiday iPad sales

Amazon.com's Kindle Fire took a bite out of iPad sales over the holiday season, according to a research note today from investment bank Morgan Keegan.

The bank reduced its iPad shipment estimates on Tuesday. "We are lowering our unit shipment estimates for iPad in the [December] quarter from 16 million to 13 million. Based on data from Amazon, we believe the Amazon Fire likely sold 4 [million to] 5 million units this holiday season," wrote Tavis McCourt, a Morgan Keegan analyst.

As a result, the Kindle Fire took away "maybe 1 [million to] 2 million&… Read more

Apple's MacBook Air to dominate ultrabook market, says analyst

Apple's MacBook Air will generate huge sales and retain its dominant market share despite the growing onslaught of rival ultrabooks--at least for now, says a new report from J.P. Morgan.

As other vendors try to mimic Apple's model by introducing their own lightweight laptops, the ultrabook field stands to get increasingly crowded. Acer, Hewlett-Packard, Sony, and other major players have all been hitting this potentially lucrative new market.

But cost has been an issue. Most ultrabooks have been priced above $1,000 and only a few around $900. But that's not quite low enough to make … Read more

Apple not worried about Kindle Fire, says analyst

Apple isn't losing much sleep over Amazon's Kindle Fire and in fact believes such low-priced tablets could ultimately bump up demand for the iPad.

At least, that's the take from one of the J.P. Morgan analysts who last week met with Apple CEO Tim Cook and Chief Financial Officer Peter Oppenheimer to discuss the competitive tablet market.

In an investor's note released Friday, analyst Mark Moskowitz said that Apple expressed "confidence" in its ability to continue to lead the market and appeared unconcerned about lower-cost tablets. Even further, the company seems to believe … Read more

Oil company warms to concentrating-solar startup

Morgan Solar has brought on Canadian oil and gas distributor Enbridge as an investor to commercialize its concentrating-photovoltaic panels.

The Toronto-based company today said that Enbridge has invested $9.8 million as part of a $28.8 million round of funding.

Enbridge's primary business is oil and gas distribution but it has invested in a few solar energy projects that use traditional flat photovoltaic panels. Morgan Solar is the first solar technology it has invested in.

The money will be used to expand manufacturing capacity of Morgan Solar's concentrating-photovoltaic modules and trackers.

The company's core technology is … Read more