Susquehanna Financial Group analyst Marriane Wolk has scoured the Internet for intelligence on Microsoft’s new search engine Bing, and come up with the conclusion that the appeal of the new service, and its staying power, is uncertain.
TiVo shares this morning are heading lower after the company said the U.S. Court of Appeals for the Federal Circuit has granted a request by EchoStar to stay a contempt order imposed by a lower court pending the outcome of EchoStar’s appeal in the the patent dispute between the two companies.
Kaufman Bros. analyst Shaw Wu this morning launched coverage of Palm with a Hold rating and a $16 price target. He writes in a research note that the company is well-positioned in the smart phone sector with its WebOS software, but that the valuation is expensive; he also is concerned about ongoing operating losses and a weak balance sheet.
Contrary to previous public statements by the company, Palm CFO Douglas C. Jeffries has not been registered as a certified public accountant in the state of California since 1984, records from the California Board of Accountancy show.
The razor-thin profits the online travel agencies get on airline bookings could get even thinner. As reported last week by the travel research firm PhocusWright, United Airlines is forcing some travel agencies to absorb the 2 percent-3 percent credit-card fees for ticket bookings.
With a victory at the Supreme Court on the issue of network DVR, the next question for Cablevision is going to be how to proceed with rolling out service. And the answer is, they are going to move carefully in an effort not to step on the toes of advertisers.
The U.S. Supreme Court today cleared the way for Cablevision to offer a network DVR service, allowing consumers to record copies of television programming “in the cloud,” rather than on set-top boxes. Without comment, the court refused to review a Court of Appeals ruling that rejected claims by film studios and television networks that the network DVR approach would infringe copyrights.
Microsoft shares haven’t touched the $30 level in more than a year. But the stock has been rallying impressively since bottoming in the $15 range in March–can it complete the double? Some analysts think so. In fact, two of them this morning upped their targets on the stock to exactly $30.
EMC on Friday extended the period Data Domain has to respond to its $30 all-cash offer to acquire the company. The offer, which was previously set to expire at 12 midnight on Monday, June 29, is now extended to July 10.
Does Liberty Media want to own AOL?
CNBC’s David Faber raised the question this morning at the tail end of a long interview with Liberty Media CEO Greg Maffei.
Google today announced AdSense for Mobile Applications, a service that allows developers to display text and image ads in applications for the Apple iPhone and Google Android operating systems.
Motorola shares are getting a boost from Bank of America/Merrill Lynch analyst Tai Liani, who this morning raised his rating on the stock to Buy from Neutral, setting a price target of $9, up from $7.
I have no idea if this is actually significant, but for the record: Intel late today sent the media a notice that the company plans to make “an important announcement” Tuesday morning.
Ah, Father’s Day. The perfect time to kick back, fire up the grill, grab a cold one and watch a game on the tube, surrounded by the rest of the clan, all catering to your every whim.
Activision Blizzard CEO Bobby Kotick the London-based Times that the video game company might stop making games for the Sony Playstation.
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