By Paul Sloan
Global markets are in a state of panic. Credit markets are all but closed. And recession fears are everywhere. But at the conference I attended in Hollywood this week, called DomainFest, you'd have little clue that the financial world was melting down.
The domain world - the people that buy and sell names and make money from pay-per-click ads on their websites - is booming. Downturn? Bring it MORE
pjs21 - Jan 25, 2008 3:54 PM ET
By Michal Lev-Ram
Round three of the year's most anticipated auction - the Federal Communication Commission's sale of the 700 MHz spectrum, currently used for analog television - closed Friday.
Since Thursday, bidders have put up a total $3.2 billion in what has been called one of the most significant spectrum auctions in United States history. That's because the FCC has mandated that whoever wins the so-called C block MORE
Michal Lev-Ram, writer - Jan 25, 2008 12:45 PM ET
Mint CEO Aaron Patzer isn't itching to sell his online budgeting service, but a company like Microsoft would do well to buy it anyway.
No one's said much about it, but there it was, plain as day, in Apple's (AAPL) earnings call this week: Chief Financial Officer Peter Oppenheimer said the 'A' word.
Acquisitions.
When an analyst asked what Apple would do with more than $18 billion in cash it's sitting on, Oppenheimer MORE
Jon Fortt - Jan 25, 2008 11:44 AM ET
The talk among Apple (AAPL) watchers today is Toni Sacconaghi's dogged pursuit of the 4 million iPhones Steve Jobs claimed to have sold as of Jan. 15, the date of his Macworld keynote speech.
AT&T (T), the iPhone's exclusive U.S. carrier, reported yesterday that it had activated "just at or just slightly under 2 million" iPhones. That's quite a discrepancy.
Sacconaghi, Sanford Bernstein's Apple specialist, did the math and concluded in a MORE
Philip Elmer-DeWitt - Jan 25, 2008 8:26 AM ET
Hoping that Microsoft would clarify how a spending slowdown might hurt the tech industry? Then you were out of luck Thursday.
When the software giant offered its strong earnings numbers, it had nothing but happy news to offer. Thanks largely to stronger-than-expected global PC sales, Microsoft (MSFT) reported $6.48 billion in profit for the holiday quarter on sales of $16.37 billion, beating analyst estimates.
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.16 | -0.13 | -1.85% |
| General Electric Co | 19.12 | 0.72 | 3.91% |
| JPMorgan Chase and C... | 35.82 | -0.41 | -1.15% |
| Microsoft Corp | 29.92 | -0.29 | -0.94% |
| Micron Technology In... | 6.24 | 0.22 | 3.65% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,617.77 | -14.23 | -0.11% |
| Nasdaq | 2,875.82 | -17.94 | -0.62% |
| S&P 500 | 1,326.99 | -3.67 | -0.28% |
| Treasuries | 1.76 | -0.01 | -0.68% |