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Monday, November 16, 2009

AOL Spinoff Set for Dec. 9

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Friday, November 13, 2009

Nokia Buy Palm? Riiiiight.

nokpalm_thumbPalm shares are trading higher today, bolstered by anticipation of the Nov. 15 launch of the Pixi, the company’s second webOS handset, and by some silly rumors about a potential takeover by Nokia. Does the company really need another software platform to add to Symbian, Maemo and Qt? C’mon.

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Dell Dials Up Smartphones

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Tuesday, November 10, 2009

Morgan Stanley to EU: Whatever Larry Wants, Larry Gets, and Sun Is No Exception

ellison_sundog-150x1501For Oracle, whose acquisition of Peoplesoft and Siebel Systems cleared in Europe without conditions, news that the European Commission issued formal objections to its purchase of Sun was likely particularly galling. According to Oracle CEO Larry Ellison, Sun is already losing $100 million a month as it waits for regulatory approval, and judging from the price of the company’s stock today, it may be losing even more.

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Layoffs Begin at AOL

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Wednesday, November 4, 2009

No Christmas in Palm-ville

GrinchWPreWith a handful of new Android handsets arriving at market in the coming weeks, including Motorola’s much anticipated Droid, Palm’s prospects for blowout winter holiday sales are dimming. Earlier this week, analysts at Citigroup and CL King voiced their concerns about the company in the wake of another ugly quarter from carrier partner Sprint. Now, Standard & Poor’s is doing so as well.

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Monday, November 2, 2009

Palm: On a Road to Recovery or a Highway to Hell?

mcnamee_hell With Palm’s shares up more than 900 percent since January, they were destined to suffer a correction someday. And now it seems that day has finally come. Shares in the handset maker fell some 23 percent last week amid concerns about increased competition from Google’s Android operating system, which is being rolled out on a number of devices at a variety of carriers, including Palm partner Sprint.

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Thursday, October 29, 2009

With Maps Navigation, Google Puts Dedicated GPS Makers on a Road to Nowhere

googlemapsnavGoogle is moving into your market. For tech companies, few words are more frightening, and yesterday we saw why. The mere announcement of Google Maps Navigation sent shares of established GPS device makers like Garmin and TomTom into an ugly downward spiral.

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Friday, October 23, 2009

Spare Change for Amazon Shares?

amzn$118.49. That’s the price at which Amazon shares closed Friday, a day after the company reported a 69 percent jump in third-quarter profit and a 28 percent gain in revenue. It was a new 52-week high and the stock’s best since December 1999, when it hit $106.68. Which is saying something. Because as you might recall, in 1999, Nasdaq was soaring on the back of the dot-com bubble to levels never before seen.

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Microsoft Q1: The Wow Starts Now (Plus the Press Release)

ballmergiddytongue

What a nice way to top off an already big week.

Posting first-quarter financials before market opening this morning, Microsoft said it earned 40 cents a share on revenue of $12.92 billion, besting analyst estimates that had called for a profit of 32 cents a share and revenue of $12.4 billion.

Nonetheless, the software giant still saw both profits and revenue decline for the third quarter in a row.

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Wednesday, October 21, 2009

Oy Vey eBay

ebaystreetThough eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much. Investors took eBay out to the woodshed anyway, beating its shares down seven percent in after-hours trading.

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Tuesday, October 20, 2009

Big Apple

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Apple to Investors: You’re Welcome

aaplThe econalypse may be winding toward its end, but for Apple it evidently never even started. Shares in the company spiked more than $12, or more than six percent, to $202 in early trading Tuesday as investors celebrated another of the company’s great quarters.

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Monday, October 12, 2009

Look of Smug Satisfaction Returning to Google Investors’ Faces

googGoogle isn’t scheduled to report third-quarter results until Thursday, but already shares in the company are trading higher in anticipation of solid results. At $524.24, they’re up 1.55 percent–nearly $8, and not without good reason.

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Wednesday, October 7, 2009

Oracle CEO Doesn’t Like Brocade in That Way

brocadethumbOracle may be mulling acquisitions, but Brocade isn’t one of them. At the company’s annual shareholder meeting today, CEO Larry Ellison dismissed recent speculation that he might attempt to to acquire Brocade.

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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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