Sprint Nextel’s CEO Gary Forsee stepped down today amidst rising pressure from the board to perform. Forsee had felt the pressure to perform for quite some time and today the board expressed its disappointment in the financial results of the company as Sprint lowered its forecast for the current quarter. “It is the right […]
Today for the first time ever, Google was trading above $600. Google’s rally has extended all month in anticipation of its upcoming third quarter results. Today’s trading high marked the sixth time in the past 12 trading sessions that the stock has reached a new peak, indicating investors are confident Google’s third-quarter profit will […]
Kodak shares jumped Monday on rumors that the struggling photography company could be acquired by Hewlett-Packard. Kodak stock looks cheap on a price-to-revenue basis, at just 0.8x. But it also trades for about 30x expected 2008 EPS of 93 cents. Could this be true? Doesn’t HP’s Mike Hurd have his hands full just fixing Hewlett-Packard?
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Microsoft released its new Zunes today and they are great. The new Zunes come in three versions. The first new model (available in black) has an 80-gigabyte hard drive and a 3.2-inch screen. It’s slimmer than last year’s Zune, which had a 30 GB hard drive and a smaller screen. Microsoft also will sell […]
When Apple lowered its price on Sept. 5 by $200 on the iPhone, hundreds of early customers complained that they paid full price. Apple came back and offered them a $100 rebate but that didn’t seem to work for everyone. A New York woman is so angry at Apple Inc. for lopping $200 off the […]
Yahoo is trying to differentiate its search results from the leader Google by displaying the usual list of links, as well as excerpts of information found on some of those Web sites. The new engine, unveiled today, also will present relevant photos and videos, as well as full explanations from partners and Yahoo-owned properties such […]
