Palm, the company that invented the PDA but has struggled to stay relevant in recent years, will be acquired by computing giant Hewlett-Packard.Palm's history The company, which took the handheld computer into the mainstream, has traveled a bumpy road. Date Event November 1998 Jeff Hawkins and Donna Dubinsky leave Palm to start Handspring February 1999 Palm introduces the slimmer Palm V November 2001 Palm announces plans to split into two public companies June 2003 Palm buys Handspring Sept. 2005 Palm introduces its first Windows-based Treo June 2007 Palm introduces the ill-fated Foleo June 2007 Palm announces it is … Read more
Comcast can thank a rise in Internet and voice customers and a rebound in ad spending for helping sales and earnings grow higher than expected in the first quarter of 2010.
On Wednesday, the cable company reported a net profit of $866 million, or 31 cents a share, for the quarter ended March, a 12 percent rise from the $772 million earned in the year-ago quarter. Sales climbed 3.8 percent to reach $9.2 billion.
Results inched past the expectations of analysts surveyed by Thomson Reuters, who were eyeing earnings per share of 30 cents on revenue of $9.… Read more
A lawyer for Gizmodo says the gadget blog could sue the sheriff's office in San Mateo County, Calif., for raiding an editor's home last Friday as part of a criminal probe into an errant iPhone prototype.
The option of a lawsuit "is available because search is not the appropriate method in this situation," Thomas R. Burke, a media lawyer and partner in the San Francisco offices of Davis Wright Tremaine, told CNET. He said the search warrant violated a California journalist shield law designed to limit searches of newsrooms.
Burke added, however, that he has been … Read more
LONDON--After 16 months at Yahoo's helm and an expectations-beating first quarter, new chief executive Carol Bartz brought some of her down-home style to the Old World for her European press debut Wednesday.
Bartz fielded questions, touted Yahoo's refurbished strategy, and, flanked by the company's head of European operations, touted news that the Internet pioneer won sole rights to show game highlight videos for the Premier League, the 20-club group top of the English football competition pecking order. Bartz was here as part of a tour to meet senior ad agency executives in London and was due for … Read more
Google is the world's strongest brand for the fourth straight year, according to a study released Wednesday by research firm Millward Brown Optimor.
Analyzing the world's strongest brands, the fifth annual "BrandZ Top 100 report" examined consumer opinions and market data on brands to assign each one a certain value and then translated that value into dollars to rank the top 100.
Tech companies took the top four spots with No. 1 Google followed by IBM, Apple, and Microsoft.
Google, IBM, and Apple all grew in brand value from 2009, noted Millward Brown, even amid a … Read more
The operators of The Pirate Bay have denied claims that the Swedish BitTorrent search engine has been sold.
The Pirate Bay was responding to claims made Tuesday by Swedish businessman Hans Pandeya, who announced he had paid $10 million to acquire The Pirate Bay.
"We have no deal with them," said a note that was posted to The Pirate Bay's blog on Wednesday. "We have not even talked to them. Since this is quite heavy fraud and we don't want our users to buy shares or anything like that in a company that is claiming … Read more
Sprint Nextel's road to recovery is paved with many potholes.
The company did beat analysts' expectations for the first quarter of 2010, but high-value customers continued to depart, albeit at a slower rate. And its financial losses in the first quarter widened.
Sprint lost 578,000 postpaid customers who are on a contract and pay monthly bills. This beat expectations, as analysts had expected the company to lose about 623,500 customers, according to Reuters. A year ago, Sprint lost 1.25 million postpaid customers.
The company's net customer loss, including prepaid customers, was 75,000. A year … Read more
Web advertising is back, but not at AOL: The company says revenue declined 23 percent in the last quarter, with ad sales dropping by 19 percent.
The company reported earnings of 32 cents on revenue of $664 million. Add back one-time charges and you'd get earnings of 79 cents per share.
The Street was looking for revenue of $679 million, and I've seen "consensus" expectations for earnings all over the map--ranging from 34 cents a share (including restructuring charges) to 80 cents (which excludes the charges). The just-announced sale of ICQ doesn't figure into the … Read more
AOL clears another asset off its books, just in time for first-quarter earnings: Digital Sky Technologies, the Russian investors with a seemingly insatiable appetite for American Web properties (Facebook, Zynga, etc.), is buying Tim Armstrong's ICQ chat service. They're paying $187.5 million, and AOL expects the deal to close by the third quarter.
DIGITAL SKY TECHNOLOGIES TO ACQUIRE AOL'S ICQ INSTANT MESSAGING SERVICE
Moscow / … Read more
San Mateo County prosecutors are defending the search of a Gizmodo editor's home and seizure of his computers that are part of a criminal investigation into an iPhone prototype lost by an Apple employee.
Stephen Wagstaffe, chief deputy district attorney, told CNET on Tuesday evening that prosecutors had considered whether reporter shield laws applied to the search and seizure aimed at the gadget blog--and decided to proceed after carefully reviewing the rules.
"My prosecutor who is handling it considered this issue right off the bat when it was being brought into him and had some good reasons why … Read more