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* Verizon Wireless (VZ) ruffled some feathers after users of its high-speed 4G network experienced the fourth outage of the year and the third this month alone. Also, news of a $2 surcharge fee for one-time credit or debit card payments conducted via phone or online spread, somewhat inaccurately, causing customers to Tweet their dissatisfaction and create online petitions. (The Wall Street Journal and The New York Times)
Former HP CEO Mark Hurd
* In a nice scoop, All Things D obtained the letter that spells out the allegations against former HP (HPQ) CEO Mark Hurd, after Hurd allegedly pursued and pressured contracted employee Jodie Fisher with sexual advances. The allegations would eventually lead to Hurd's resi. (All Things D)
* Amazon (AMZN) reported that it sold well over four million Kindles this month, with the Kindle Fire, Kindle Touch, and Kindle leading the company's best seller charts. Still, Goldman Sachs said Amazon may miss analysts' sales predictions for the same time frame. (Amazon and All Things D)
* Apple's mobile operating system market share inched up to 28.7% thanks to the iPhone 4's price drop and the introduction of the iPhone 4S. Meanwhile, Android still reigns -- its own market share climbed almost 3% to 46.9% between August and November. (TechCrunch)
* Alibaba Group, the giant Chinese e-commerce company, hired Washington lobbying firm Duberstein Group Inc. in a lead up to a potential bid for Yahoo (YHOO). Back in September, Alibaba Group founder Jack Ma said he was interested in the acquisition if an opportunity arose. (Reuters)
* Some 300 million of Facebook's 800 million total users now access the social network via mobile apps. (The Next Web)
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It didn't help that Best Buy asked it to take back its tablet which was a dud with consumers. But its core businesses aren't doing well either.
FORTUNE -- A report that Best Buy wants Hewlett-Packard to buy back all the TouchPad tablet computers that the retailer is storing, unsold, couldn't have been timed worse. HP is slated to announce its third-quarter results on Thursday, and while the TouchPad makes up only MORE
Aug 18, 2011 11:18 AM ET
Image via Wikipedia
A change in sales strategy is behind a drop-off in revenues, but Mark Hurd says it's all in service of more profit down the line.
FORTUNE -- Mark Hurd may have an impressive track record selling hardware for his former employer, Hewlett-Packard (HPQ). But that hasn't translated to immediate success at Oracle Corporation (ORCL), where Hurd now serves as president. The Redwood Shores, Calif.-based company's hardware business fell short of MORE
Michal Lev-Ram, writer - Jun 24, 2011 12:27 PM ET
Is Oracle getting into the acqhiring game?
Image via CrunchBase
FORTUNE -- Oracle's (ORCL) acquisition of FatWire is all about the company putting itself in front of end customers. That is, it's more or less a retail play.
FatWire is a "customer experience management company," which means that it helps businesses make their online services work better. Its products include content management, community forums, mobile platforms and the like. ReadWriteWeb says Oracle MORE
Dan Mitchell, contributor - Jun 22, 2011 12:28 PM ET
Big firms like HP supposedly inhabit the safe, stable sector of tech. But everything from the Japanese earthquake to an uncertain mobile future has led CEO Leo Apotheker to a moment of reckoning.
HP CEO Leo Apotheker. Image by mkrigsman via Flickr
FORTUNE -- Last week, Cisco's troubles were made painfully apparent when the company announced there would be layoffs, likely in the thousands.
Then on Monday Bloomberg News got hold of MORE
Dan Mitchell, contributor - May 18, 2011 1:04 PM ETOracle and NetSuite go after customers with the same kinds of needs, but they've carved out their own turfs, and are about to get even cozier.
Image by Oracle_Photos_Screenshots via Flickr
FORTUNE -- Larry Ellison is cheering for Oracle and NetSuite. Not surprising, considering the billionaire tech mogul (and Oracle founder and CEO) is a major shareholder in both companies. But now Oracle (ORCL) and NetSuite (N) have more than Ellison's MORE
Michal Lev-Ram, writer - May 16, 2011 2:34 PM ET
Hewlett Packard can never write the Mark Hurd scandal out of its history. But have wholesale executive changes at least helped new management turn the page?
Leo Apotheker and Ray Lane
FORTUNE -- It's been a rough several months for Hewlett-Packard's (HPQ) board. First they had to deal with a scandal that led to the sudden departure of their Chairman and CEO. Then they had to begin a search for new MORE
Michal Lev-Ram, writer - Mar 31, 2011 2:16 PM ETLéo Apotheker's vision for Hewlett Packard is a familiar shade of Big Blue.
By Kevin Kelleher, contributor
Behold the new HP. After a series of scandals, a change in CEOs and a rebuilding of its board, the tech giant revealed the new HP to the world: It's still very much a company that wants to be another company -- IBM.
Watching CEO Léo Apotheker and other HP (HPQ) executives present MORE
Mar 21, 2011 5:00 AM ET
Hewlett Packard's CEO plans to kick the company and its flagging stock back into gear in part by selling apps and services via a new public cloud.
HP CEO Leo Apotheker
It's been just over eight months since Mark Hurd left HP (HPQ) beneath an avalanche of tabloid covers. In that time, HP's stock has slid just over 10%, leaving investors wondering when and how the world's largest tech company can MORE
Michael V. Copeland, Senior Writer - Mar 15, 2011 11:36 AM ET
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"HP has lost its soul." -- HP CEO Leo Apotheker (Bloomberg Businessweek)
Photo: M.I.C. Gadget
M.I.C. Gadget got its hands on what is likely a legit 64 GB iPhone prototype. Though, before you let your minds run wild, bear in mind it's a prototype of the iPhone MORE
JP Mangalindan, Writer-Reporter - Mar 9, 2011 9:48 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... | 7.95 | -0.16 | -1.97% |
| Intel Corp | 26.73 | -0.43 | -1.58% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |
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