Tech Business Review: Yahoo CEO Plans Employee Meetings, iPhone 5’s Disappointing Sales
Yahoo! Inc. (NASDAQ:YHOO) Chief Executive Marissa Mayer intends to hold two meetings on Tuesday with employees through which to describe her plans for the company, according to All Things D. It’s expected that her points will include much more focusing on metrics, increasing transparency, and refreshing Yahoo’s email and homepage by placing more emphasis on the consumer experience, even if this comes at the expense of the bottom line in the near term.
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Shares of memory IP firm Rambus, Inc. (NASDAQ:RMBS) are heading through the ceiling in mid-afternoon trading following the firm’s receiving a mixed verdict in its suit against SK Hynix. The good news (for Rambus) is that a federal district court decided that Hynix is infringing Rambus’ patents, and also that the latter is entitled to royalties on them on FRAND terms. The bad news is that Rambus was found guilty of destroying evidence in advance of the case and also that a prior $397 million award in its favor was overturned.
Apple Inc. (NASDAQ:AAPL) shares fell Monday on the news that sales of the iPhone 5 over the weekend were disappointing, even though the phones sold out in many locations. Many observers are now pointing out that the problem wasn’t lack of demand, but a supply constraint; Gene Munster at Piper remarked that Apple’s retail inventory is currently half what it was at the time of the 4S intro and that his forecast of 8 million units sold was based upon a belief that the company’s figures would include all pre-orders. Helping to confirm the dominant assumption is a Wall Street Journal report that Apple’s retail partners such as Best Buy Co. (NYSE:BBY) and Target Corporation (NYSE:TGT) were only provided with a limited number of supplies at launch time.
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