Tech Business Review: Eastman Kodak Falls, eBay Opens the Kimono
Eastman Kodak (NYSE:EK) fell a whopping 29.7% to trade at $0.39 per share. The word got out that the firm’s bankruptcy hit. EK was the 10th largest company in the United States by market cap in 1984.
Yahoo (NASDAQ:YHOO) has instituted a hiring freeze across the company. It is also considering layoffs, according to sources. New CEO Scott Thompson is focusing on margins. Some say massive cuts are necessary, however, layoffs for now appear to be limited.
Cypress Semiconductor (NASDAQ:CY) expands its patent infringement complaint against GSI Technology (NASDAQ:GSIT) to include more products. A settlement has been reached in the same case with Alcatel-Lucent.
China’s ZTE became the world’s number four phone manufacturer in the third quarter. It says that it pays a license fee of 15-20 pounds ($23-$31) to Microsoft (NASDAQ:MSFT) for each Windows Phone device it ships. Google (NASDAQ:GOOG) provides Android shipments for free.
F5 Networks (NASDAQ:FFIV) experienced strong sales of its Viprion 2400 mid-range switch. It helped it beat first quarter estimates and deliver a solid fiscal second quarter guidance. Bank of America (NYSE:BAC) was so impressed with the performance that in the face of macro and seasonal weakness, it upgraded FFIV to Buy. Also on the rise are: Aruba Networks, Inc. (NASDAQ:ARUN), Juniper Networks, Inc. (NYSE:JNPR), Radware Ltd. (NASDAQ:RDWR), Procera Networks, Inc. (AMEX:PKT).
Zillow (NASDAQ:Z) announces Neighborhood Advice. It is a service to allow users to tap into the knowledge from Facebook friends who have familiarity with neighborhoods in which they are looking at homes. Zillow attempted this once before, but without the power of Facebook. Now the feature may be more visible.
eBay (NASDAQ:EBAY) CEO John Donahoe gives information at an earnings CC on some of the firm’s online metrics for the holiday season. It recorded up to 10,000 transactions per minute on Cyber Monday. It was its biggest mobile payday ever with consumers spending $180 per second through eBay apps over the holiday season.
Don’t Miss: eBay CEO Reports Record Holiday Numbers.
Google’s (NASDAQ:GOOG) mobile revenues will continue soaring. At least that is what Efficient Frontier thinks: noting mobile users are more likely to click on search ads than PC users, the firm expects mobile searches will account for 16%-22% of all paid clicks by the end of 2012. It’s also claimed Google’s share of search spending rose to 81% in the fourth quarter. Yahoo (NASDAQ:YHOO) and Bing (NASDAQ:MSFT) were left were left with just 19%.
WebMD (NASDAQ:WBMD) filed a Securities Exchange Commission 8-K, which sheds some light on the firm’s involvement with selling itself. The filing highlights that the firm regaled various offers in 2011 from private-equity firms but never received an official offer. The company also denied rumors that Softbank was knocking at its door.
Investing Insights: Google Inc. Earnings: Revenue Grows By Double-Digits For Fifth Straight Quarter.