“[If the price were any lower] I’d lose money on every PlayStation I make.” So said Sony CEO Sir Howard Stringer last month. And while that remark might seem to preclude a price cut on the PlayStation 3, a price cut might be exactly what we get come tomorrow.
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If eBay shares were to be listed among the company’s other auctions, buyer feedback would more likely be negative than not. Hurt by the souring economy and increased competition, eBay reported its third consecutive earnings decline Wednesday.
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“We see little to stop Google from reaching 70 percent market share eventually; the question, really, comes down to, ‘How long could it take?’” RBC Capital Markets analyst Jordan Rohan asked that question back in March 2006. Today he has his answer: Not long at all, really.
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