Weekly Tech Biz Cheat: Stocks Spike 7.16% on Google and Apple
Groupon is modifying the presentation of sales data on its site, making it harder for people to use the data to track its performance.
Hot Feature: Netflix Will Not Split DVD And Streaming Services
Microsoft (NASDAQ:MSFT) Windows chief Steve Sinofsky says Windows 8 will require less memory (NASDAQ:DRAM) than Windows 7, making it easier for Windows 8 to run on CPUs featuring ARM (NASDAQ:ARMH) cores.
First day pre-orders for the new iPhone 4S exceeded 1 million on Friday, beating the previous record of 600,000 held by the iPhone 4, reported Apple (NASDAQ:AAPL) today. The device will be available in stores in the U.S. on October 14,and will be rolled out in 22 more countries within the month.
Plato Learning has upped its buyout offer for Renaissance Learning (NASDAQ:RLRN) to $496 million, a $25 million premium on their prior offer. Renaissance has already agreed to a $455 million deal with Permira Funds, but says it will give Plato’s offer “proper consideration in due course.”
Alibaba is interested in buying the 40% of the company held by Yahoo (NASDAQ:YHOO), and is in talks with investment company Temasek about providing financing. Yahoo’s holding in Alibaba is worth an estimated $13 billion.
Don’t Miss: iPhone 4S Sales Make Tim Cook a Genius for Now
Yahoo (NASDAQ:YHOO) has withdrawn its offer to buy Hulu (NASDAQ:CMCSA) in order to focus on its own problems. Dish Network (NASDAQ:DISH), Amazon (NASDAQ:AMZN), andGoogle (NASDAQ:GOOG) remain in the running for the streaming-video site, with the latter offering over $2 billion. However, Hulu’s owners — Comcast (NASDAQ:CMCSA), News Corp. (NASDAQ:NWSA), and Disney (NYSE:DIS) — may still decide not to sell.
Western Digital (NYSE:WDC) is saying production of hard drives will be constrained in the current quarter due to flooding in Thailand. Though the disk-drive maker’s facilities in Thailand are operational, production has been temporarily suspended to protect against water damage.
DigiTimes is reporting that contract manufacturer Pegatron has received orders to produce 15 million iPhone 4S units, well above the 10 million of previous reports. The change could be the result of strong early demand for the new iPhone, or simply that Apple (NASDAQ:AAPL) has shifted orders from another manufacturer.
iSupply estimates that AMD’s (NYSE:AMD) share of the PC CPU market declined 1.1% year-over-year in the second quarter, to 10.4%, while Intel’s (NASDAQ:INTC) rose 1.1% to 80.7%. Industry-wide CPU revenues rose 10% year-over-year, outpacing PC shipment growth of 3.7%.
Aruba Networks (NASDAQ:ARUN) could soon be dealt a heavy blow, as emerging Wi-Fi start-ups are allowing companies to manage their own Wi-Fi networks over the Internet instead of with expensive controllers that make up 40% of Aruba’s revenue.
Demand Media (NYSE:DMD) is looking to cut its publishing volume while increasing article quality, a move thought to be triggered by Google’s (NASDAQ:GOOG) Panda update. Demand has often been derided as a “content farm” for publishing large volumes of inexpensive articles, and news that might change is spawning a backlash among the company’s numerous freelance writers.
Today Apple (NASDAQ:AAPL) launches iCloud, which will be included free with an update to iOS 5.
Widespread BlackBerry service outages have hit Europe and Asia again, with users facing problems with e-mail, instant messaging, and surfing the Web. Research in Motion (NASDAQ:RIMM) is blaming the issues on a “core switch failure.”
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The board of ADTRAN (NASDAQ:ADTN) has approved a 5 million share repurchasement program. The company’s third-quarter earnings report beat EPS estimates by $0.03 on revenue of $192 million, up 18% year-over-year.
Pacific Telemanagement Services has agreed to buy nearly all of Verizon’s (NYSE:VZ) remaining 50,000 pay phones. PTS will operate nearly 100,000 payphones out of roughly 425,000 still in existence in the U.S. Verizon now owns just 4,000.
At its first Dell World conference, Dell (NASDAQ:DELL) hopes to pitch its emergence as an end-to-end provider of data center hardware and devices, entering a market historically dominated by Hewlett-Packard (NYSE:HPQ) and IBM (NYSE:IBM).
Earlier this morning, Research in Motion (NASDAQ:RIMM) co-CEO Mike Lazaridis told reporters on a conference call that BlackBerry service had been fully restored.
House Republicans are expanding their inquiry into the Department of Energy’s solar loan guarantees, bad publicity for the industry that has First Solar (NASDAQ:FSLR) andSunPower (NASDAQ:SPWRA) trading lower on concern that they could go the way of Solyndra.
Rosetta Stone (NYSE:RST) CEO Tom Adams will transition into the role of non-executive Chairman while a “suitable successor” is found. Adams has been the company’s CEO since 2003.
Rovio Entertainment Oy — maker of the popular mobile phone game Angry Birds – is considering taking itself public in 2012, according to CEO Peter Vesterbacka. The game has been downloaded over 400 million times, with over 300 million coming in the last six months.
Citrix Systems (NASDAQ:CTXS) has acquired ShareFile, a provider of cloud storage solutions for enterprises, in order to bolster its own cloud services.
Alcatel-Lucent (NYSE:ALU) is reportedly selling its corporate call center services business for as much as $1.5 billion to private equity firm Permira. The sale is part of Alcatel’s push to focus more on its core businesses, which includes selling equipment to major global telecom operators.
Apple (NASDAQ:AAPL) is reportedly in talks with major studios about a deal to allow users who have purchased video content on iTunes to stream it to Apple devices, likely using its newly released iCloud service.
The IRS is reportedly auditing Google (NASDAQ:GOOG) over how the company avoids taxes by using offshore subsidiaries, and has request information on its $1.65 billion acquisition of YouTube.
Google (NASDAQ:GOOG) is 6% higher after the company announced strong earnings. Net income for Google Inc. rose to $2.73 billion ($8.33 per share) vs. $2.17 billion ($6.72 per share) in the same quarter a year earlier. This marks a rise of 25.9% from the year earlier quarter. Do All Analysts Hail Google’s Earnings?
Samsung has been shot down in its request for an injunction banning the import of Apple (NASDAQ:AAPL) products in the Netherlands.
Hot Feature: Apple Preps for iPhone 4S Revolution.
Microsoft’s (NASDAQ:MSFT) Xbox 360 accounted for 42% of retail console sales in the U.S. in September. However, industry-wide hardware sales fell 9% year-over-year last month.
General Electric (NYSE:GE) has announced plans to build a $600 million facility in Colorado to manufacture thin-film solar panels, with commercial products expected to begin shipping in 2013.
A court has sided with TiVo (NASDAQ:TIVO) in its patent infringement suit against AT&T (NYSE:T), issuing a key definitional ruling that will likely see AT&T losing, forcing the communications company to enter into a favorable settlement with TiVo.
Don’t Miss: Hulu’s Owners Decide Not To Sell.
Ramtron (NASDAQ:RMTR) CFO Mark Kent has resigned for unspecified reasons. Controller Gery Richards will serve as interim CFO while the company searches for Kent’s permanent replacement.