The future of the innovative-but-troubled mobile operating system is more or less resolved.
FORTUNE -- WebOS isn't completely dead, at least not yet. Hewlett-Packard today announced that it is taking its struggling mobile operating system open source -- a.k.a. making its code freely available to developers and other hardware manufacturers.
"WebOS is the only platform designed from the ground up to be mobile, cloud-connected and scalable," Meg Whitman, HP's (HPQ) new chief MORE
Michal Lev-Ram, writer - Dec 9, 2011 3:09 PM ET
Regulators have stymied Phil Falcone's ambitious wireless startup, LightSquared. The courts are unlikely to treat him any more kindly.
FORTUNE -- When billionaire Phil Falcone first cooked up the idea for creating the wireless company known as LightSquared, he dreamt of creating a 21st century version of Nextel. The key to Nextel's success in the 1990s had been a slick strategy: first, it bought up airwaves used by taxicab dispatchers, then MORE
Scott Woolley - Dec 9, 2011 10:34 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Twitter unveiled and launched a major redesign of the social network, nicknamed #LetsFly, aimed at making the experience of using it faster, simpler, and more accessible. (CNNMoney)
* Citi analyst Richard Gardner believes the next iPad will launch in February with a screen resolution double that of the current MORE
JP Mangalindan, Writer-Reporter - Dec 9, 2011 10:32 AM ET
And hundreds more crowd the terminal's main lobby to see what the fuss is about
Line-goers (middle left) pushing through the onlookers. Photo: PED
What if Apple (AAPL) opened a new store and nobody came? We may never know. Thousands turned out early Friday for the opening of its fifth retail store in Manhattan, this one perched on the balconies above the main lobby of Grand Central Terminal.
The company promised free MORE
Philip Elmer-DeWitt - Dec 9, 2011 9:52 AM ET
The creator of Asymco.com is looking for 67% growth in sales and 91% in earnings
Source: Asymco
Like most independent analysts, Asymco's Horace Dediu got clobbered last quarter when Apple (AAPL) reported earnings that grew by "only" 52%. (See chart at right).
As a result, the best estimates last quarter turned out to be those submitted by the Wall Street analysts with the worst Apple track records. (See our Q4 2011 Earnings MORE
Philip Elmer-DeWitt - Dec 9, 2011 7:54 AM ET
PC sales were down 8% Thanksgiving week, but demand for the MacBook Air was strong
Click to enlarge.
In a note to clients Thursday, Morgan Stanley's Katy Huberty rattled off several reasons to explain why retail sales of personal computers in the U.S. were down 8% year over year for the week of Nov. 20 to 26, as reported by the NPD Group.
Hard drive shortages, the lingering effects of flooding in MORE
Philip Elmer-DeWitt - Dec 9, 2011 6:16 AM ET
He's watched the company he founded muddle along for half a decade. What would happen if the successes of peers like Howard Schultz and Steve Jobs finally got to him?
By Alex Konrad, reporter
FORTUNE -- Is Bill Gates mulling a comeback to the iconic company he founded?
It wouldn't be the first time a legendary founder stepped back into the fray to right his faltering company. Perhaps Gates has noticed the MORE
Dec 8, 2011 1:40 PM ET
Money -- and lots of it. The personal audio market is booming and the rap star -- who has made a killing extending his personal brand -- wants in.
By Sierra Jiminez, contributor
FORTUNE -- 50 Cent, née Curtis Jackson, has gotten rich and not died trying. The 36-year-old rapper founded his own label, G-Unit Records, under Interscope Records early in his career, launched a clothing line, appeared in films and video MORE
Dec 8, 2011 12:01 PM ET
The latest: Share price tracks sales growth, and AAPL hits $600 in 2013
Morgan Stanley's Katy Huberty believes Apple's (AAPL) revenue most closely tracks how much it spends on new equipment (in MBA terms, CapEx ex-retail stores). Her chart looks like this:
Source: Morgan Stanley
By that formula, Apple's revenues will hit $183 billion by the end of fiscal 2012.
Asymco's Horace Dediu has drilled a little deeper into Apple's capital expenditures. He MORE
Philip Elmer-DeWitt - Dec 8, 2011 9:17 AM ET
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"By the summer of 2012, the majority of the televisions you see in stores will have Google TV embedded in it."
-- An optimistic Eric Schmidt, Google's executive chairman (paidContent)
* Verizon (VZ) and Redbox are reportedly working together on a Netflix-like service that will enable TV and movie streaming and MORE
JP Mangalindan, Writer-Reporter - Dec 8, 2011 5:05 AM ETEvery morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.86% |
| Ford Motor Co | 12.26 | -0.48 | -3.75% |
| Frontier Communicati... | 4.22 | -0.25 | -5.59% |
| Juniper Networks Inc... | 21.62 | -0.75 | -3.33% |
| Cisco Systems Inc | 19.59 | -0.24 | -1.21% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,663.49 | -71.14 | -0.56% |
| Nasdaq | 2,812.82 | 7.54 | 0.27% |
| S&P 500 | 1,315.83 | -2.60 | -0.20% |
| Treasuries | 1.91 | -0.02 | -1.09% |
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