Samsung Electronics declared war against Apple (NASDAQ:AAPL) by filing a lawsuit banning sales of its iPhone 4S in Japan and Australia. The company also banned the iPad 2 and the original iPhone 4 sales in Japan. More bad news for Apple today included a downgrade of its stock to hold from buy. Apple’s iPhone 4S owners have reported connection problems with the highly touted voice-activated personal assistant, Siri. New to the iPhone family, the software enables users to make phone calls, review weather forecasts, order car services and learn locations of nearby restaurants.
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Research in Motion (NASDAQ:RIMM) made amends for its recent worldwide service disruption by offering $100 worth of free apps to subscribers. The apps will be available in the upcoming weeks until the end of the year.
Pandora (NYSE:P) expanded its carmaker list by adding Buick. Customizable entertainment options, including Pandora, will now be available from three different options in the Buicks.
Yahoo’s (NASDAQ:YHOO) stock responded positively to the continued interest by Jack Ma, Chairman of Alibaba Group Holding Ltd. Ma has moved forward by lining up money for a possible acquisition.
Amazon (NASDAQ:AMZN) believes writers should leave their current publishers and begin using their publishing options. This fall, the retailer will publish 122 books in various genres with physical and e-book forms.
Western Digital (NYSE:WDC) extended their suspension of Thailand operations due to the floods, causing storage manufacturers and chipmakers to worry this will have an industry ripple effect.
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EMC’s (NYSE:EMC) strong third quarter earnings report noted its 2011 revenue and EPS guidance fell in line with consensus forecasts of $19.86 billion and$1.48. Information Storage sales rose 16% year over year, with a 28 percent growth in midrange products and a 7 percent growth in its Symmetrix line. Revenue in the U.S. grew 17 percent year over year; its Asia-Pac region reported a 37 percent rise and EMEA rose 15 percent.
Twitter’s second round of funding now has the company valued at $8 billion. Half of its 100 million active users now log on daily and its mobile device usage has grown 40 percent each quarter with a surging number coming from Apple (NASDAQ:AAPL) iOS5 users.
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Cisco (NASDAQ:CSCO) upgraded its Nexus data center switch lineup for different environments with two new products: a Nexus® data center switches and MDS storage switches. It also added second generation capabilities to the Nexus® 7000 Series and Cisco Fabric Path support for the Nexus® 5500 switch.
IBM’s (NYSE:IBM) stock has been downgraded after the company reported third quarter earnings. Analysts expressed concern for a slowdown in mainframe sales, a services backlog growth and risk with IBM’s 2015 earnings per share.
Smartphone DRAM sales from companies such as Micron Technology (NASDAQ:MU) are poised for triple-digit growth this year to 1.7 billion vs. 2010′s 672.0 million; this represents a 157 percent increase. Shipments will continue growing to 13.9 billion units by 2015, representing a 700 percent increase from 2011.
Nortel Networks Ltd.’s proposed patent sale to six technology companies remains under U.S. Department of Justice review. The group includes Microsoft (NASDAQ:MSFT), Apple Inc (NASDAQ:AAPL), EMC Corp (NYSE:EMC), Ericsson AB (NASDAQ:ERIC), Research In Motion (NASDAQ:RIMM) and Sony Corp (NYSE:SNE).
Skype’s founders are launching Vdio, a rival to Netflix (NASDAQ:NFLX). Details have been sparse but the new site may replicate Skype’s online music service, Rdio.
Research in Motion’s (NASDAQ:RIMM) stock is back on the rise after the company announced BBX. Combining BlackBerry and QNX operating systems, the platform will combine enterprise, NOC and cloud services into one and it will run on smartphones, tablets and embedded systems.
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Samsung Electronics unveiled Galaxy Nexus, its inaugural smartphone running on Google’s (NASDAQ:GOOG) latest Android operating system. Called Ice Cream Sandwich, the platform combines software from tablets and smartphones. The phone’s launch is an attempt to compete against Apple’s iOS system. The global launch will take place in November.
Microsoft (NASDAQ:MSFT) CEO Steve Ballmer took a jab atYahoo (NASDAQ:YHOO) today by saying his company was “lucky” that Yahoo rejected its $44.6 billion takeover bid just prior to the 2008 market crash. Yahoo soon took a dive and today, their struggles continue.
Intel (NASDAQ:INTC) beat third quarter forecasts and saw a bounce in its stock today. After providing a decent fourth quarter guidance, the company is sticking to its story that while there’s consumer weakness in the West, emerging markets and enterprise PC demand is offsetting this. Analysts remained skeptical, inquiring why they haven’t heard this story from PC industry competitors.
Sina Corporation’s (NASDAQ:SINA) stock jumped after a CCTV video praised the country’s Twitter for its influence on social progress.
United Technologies (NYSE:UTX) shares dipped after the company announced a cautious third quarter earnings report. In a Reuters interview, CFO Greg Hayes expressed the gloomy sentiment, “I think 2012 is going to be a tougher year than 2011.”
South regional phone carrier C Spire Wireless announced plans to offer Apple’s(NASDAQ:AAPL) iPhone 4S. The private company, previously called Celluar South, beat a number of rivals to carry the highly coveted phone. C Spire has approximately one million subscribers.
Amazon.com (NASDAQ:AMZN) expanded its licensing agreement with PBS Distribution. Its Amazon Prime members, at no additional cost, will be able to instantly stream current and archived PBS programming. Prime instant videos will number 12,000 by year’s end, doubling the number of titles since its launch.
Demand Media’s (NYSE:DMD) stock took a big dive from the increasing backlash by its freelance writers. The company recently announced an initiative to improve its content quality by allowing some writers to take assignments ahead of others. Demand Media’s stock reached a new 52-week low on high volume.
Sprint’s (NYSE:S) strong iPhone 4S sales may come back to bite them. Reviews and customer forums are relating slow service speeds. Many unhappy customers have taken to photographing and posting the poor speed test results.
ARM Holdings PLC (NASDAQ:ARMH) announced its ARM® Cortex”A7 MPCore” processor. The company says it’s the “most energy-efficient application class processor ARM has ever developed” and it will be used in sub-$100 smartphones. The new processor builds upon on the low-power strides made by its predecessor the Cortex-A8.
Yahoo’s (NASDAQ:YHOO) stock got a lift after the Wall Street Journal reported that company may have four private equity firm suitors for a potential buyout. The deal is rumored to be in the $16 to $18 range.
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Yahoo! Inc (NASDAQ:YHOO) co-founder Jerry Yang says not so fast on a possible company sale. At the All Things Digital Asia conference in Hong Kong, Yang said:
“The intent going in is not to put ourselves up for sale,” Yang said at the All Things Digital Asia conference in Hong Kong today. “The intent is to look at all options. There’s plenty of options for the board, and plenty of options for our shareholders to realize value.”
Meanwhile at the same conference, Alibaba’s CEO Jack Ma said his company is still moving forward with their interest to buy Yahoo. And, of course, there are rumors Microsoft(NASDAQ:MSFT) is wooing too.
Apple Inc (NASDAQ:AAPL) overused the word “thrill” to appease Wall Street analysts in its third quarter earnings call and masked disturbing numbers from the quarter. Take a look at these Apple retail store figures: a 1 percent year over year revenue rise, a 26 percent profit decline, and a 4 percent year over year increase in visitors.
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Nokia’s (NYSE:NOK) third quarter mobile device shipments painted a bleak picture with a 3 percent year over year decline to 106.6 million but a 20-plus percent increase quarter over quarter–a better than expected number. Its average selling price dropped 18 percent quarter over quarter to $70. Smartphone shipments dropped 38 percent to 16.8 million year over year.
Cisco Systems Inc. (NASDAQ:CSCO) announced its intent to acquire privately-held BNI Video for $99 million in cash. The acquisition will advance Cisco’s Videoscape TV platform capabilities and achieves one of its top five corporate priorities: video.
Polycom (NASDAQ:PLCM) reported weaker than expected third quarter earnings and saw its stock dive today. Wall Street analysts responded by downgrading their ratings on the videoconferencing hardware provider.
eBay’s (NASDAQ:EBAY) stock dropped after the company announced inline third quarter earnings and a slight rise in its fourth quarter guidance. A Wells Fargo analyst maintained a “Market Perform” on the company, citing continued strength in Ebay’s Marketplaces and Payments segments and innovative offerings.
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DirecTV Group (NASDAQ:DTV) and Fox Networks (NASDAQ:NWSA) put the gloves on after the latter asked for a 40 percent increase in carriage fees. Citing the request as unfair and unwarranted, DirecTV has threatened to pulling Fox channels beginning Nov 1. Fox’s side of the story? DirectTV is “unnecessarily aggressive” and they should remain with the same terms until the two sides reach an agreement.
Verizon Communication’s (NYSE:VZ) third quarter earnings report included a year over year 6 percent increase in wireless service revenue. The quarter also added 1.3 million wireless subscribers with 882,000 being retail postpaid. The company’s retail average revenue per user was 2.4 percent year over year to $54.89 while wireline revenue declined 1.3 percent as compared to the second quarter’s 0.3 percent decline.
Seagate Technology’s (NASDAQ:STX) Thailand manufacturing operations have not suffered any damage from the area’s floods. CEO Steve Luczo said “production continues to this day” however, he added that parts suppliers have been severely impacted and its effects will be seen by the company in the upcoming weeks.
Jabil Circuit, Inc. (NYSE:JBL) announced a $100 million repurchase plan for the company’s stock.
SanDisk Corporation’s (NASDAQ:SNDK) investors gleaned the positives from the company’s third quarter report by focusing on its $0.13 better than expected earnings per share rather than its revenue miss. In the company’s conference call, they said the fourth quarter revenue guide is $1.5 billion to $1.6 billion with mobile device-related sales staying strong and a 25 percent revenue increase year over year.
Freescale Semiconductor Inc. (NYSE:FSL) plunged from its third quarter earnings report. Its $1.14 billion revenue dropped seven percent year over year ($0.29 earnings per share) but beat estimates by $12 million and $0.06, respectively. Weak industrial and telecom has the company guided fourth quarter revenue of $1 billion to $1.06 billion, down from $1.11 billion.
Pandora Media (NYSE:P) announced Lexus as a new premium advertiser on their redesigned website. The “Engineering Amazing”‘ campaign utilizes a large banner with video and an integrated skin; it will appeal to the 25-54 age group.
Microsoft (NASDAQ:MSFT) posted in-line FQ1 earnings and below-consensus Windows and server sales. Analysts offset this by above-consensus Office and Xbox sales. A Sanford Bernstein analyst believes that the PC industry’s diving netbook is a good thing for Microsoft since they create less Windows license fees.
The Steve Jobs (NASDAQ:AAPL) biography will hit bookstores on Monday. The authorized biography has an outspoken Jobs saying he was going to destroy Android, “because it’s a stolen product.” Jobs criticized other Google products and expressed a disinterest in agreeing to a licensing payoff.
Strategy Analytics reported 16.7 million global tablet shipments in the third quarter, representing an astounding 280 percent rise from the previous year’s 4.4 million. Google’s (NASDAQ:GOOG) Android market share for the quarter was 27 percent, a four percent decline from the previous quarter but a 12-fold rise from its 2 percent market share in the previous year. Apple’s (NASDAQ:AAPL) iPad market share rose 6 points on a quarter over quarter basis to 67 percent.