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.
"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 downloading for numerous platforms, including Apple iOS and Android devices, Google TV, Xbox, and Roku. Content will stream in standard definition or high definition with the option of being stored on the actual mobile devices themselves. Expect the service (dubbed "Project Zoetrope") to officially launch on or around May 28. (TechCrunch)
* According to All Things D, Facebook is reorganizing the company's design, product, and engineering teams around key product areas like privacy and communication. The move comes just months after reinstalled Google CEO Larry Page restructured Google (GOOG) into seven product areas. (All Things D)
* Daily deals site LivingSocial is raising nearly $400 million in new funding at a $6 billion valuation. No word yet on when it plans to go public. (Fortune)
* Gaming startup OnLive, which basically processes video games on remote server computers and streams them back to the user to play, is releasing software today that will let users play those graphically-rich games -- from L.A. Noire to Unreal Tournament 3 -- on the iPhone, iPad, Kindle Fire, and other Android devices. Some games have been adapted to respond via touchscreen, while others will require a $50 wireless controller from the company. (The New York Times)
* Startups are popping up to train people in skills like computer programming and design to help ease Silicon Valley's talent crunch. (The Wall Street Journal)
* Online music video Vevo is doing well these days, to the tune of 57 million unique viewers a month. CEO Rio Caraeff gives an update on the company's future, one that will likely include long-form content and original programming. (Business Insider)
* Six-month-old flash sale site Fab.com -- which offers themed design sales like say, "Iconic Italian Accessories" or "Casual Shoes with a Conscience," for items up to 70% off -- raised $40 million during its latest round of funding, led by venture capital firm Andreessen Howoritz. The company announced 1 million members as of last month and is doing over $200,000 in sales each day. (Andreessen Horowitz)
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Verizon's chief cloud strategist discusses where the communication giant's cloud business stands today and where it's headed.
FORTUNE -- Verizon Communications is best known for operating cell phone networks and fiber-optics-based TV and Internet offerings. But over the last couple of years, the company has made a big push in cloud computing services, which it says is key to future growth. That's why, last January, the New York-based carrier shelled out $1.4 MORE
Michal Lev-Ram, writer - Jun 10, 2011 12:26 PM ET
Rather than try to out-innovate Apple, he says, it should sue its Android competitors
Source: Global Equities Research
There's some pretty blunt language in the latest note to clients from Global Equities' Trip Chowdry, who may have been spending too much time talking to retailers and developers.
He estimates that Motorola Mobility (MMI) has sold somewhere between 25,000 and 120,000 Xoom tablets -- hardly a propitious start for a company he perceives MORE
Philip Elmer-DeWitt - Apr 25, 2011 2:09 PM ET
An analyst offers four reasons she doesn't believe the launch has been postponed until fall
Source: Nowhere Else
"We believe nothing hurts sales more than stale product."
So writes Cross Research's Shannon Cross in a note to clients Tuesday. The stale product, in her view, is the iPhone 4, and she is unconvinced by the arguments put forward by those who expect its replacement to arrive in the fall:
Argument 1. Apple needs MORE
Philip Elmer-DeWitt - Apr 13, 2011 11:20 AM ET
After the U.S (with Verizon) and South Korea, Apple is likely to target China, India and Japan
Click to enlarge. Source: J.P. Morgan
The iPhone built around the CDMA protocol that Apple (AAPL) launched in February went first to Verizon (VZ).
That made sense, since Verizon Wireless, with 94 million customers, represents the world largest market for CDMA mobile phones.
But as J.P. Morgan's Mark Moskowitz points out in a note to clients MORE
Philip Elmer-DeWitt - Apr 13, 2011 9:48 AM ET
The only model left at Apple's Fifth Ave. flagship store Saturday was the $829 Verizon 3G
Photo: Shot at NYC's Fifth Ave. store with a demo iPad 2
Second-day iPad 2 stories were dominated by reports of long lines and product shortages, some of them clearly colored by the reporter's personal disappointment.
Mark Gurman's piece about "poor retail launch planning" posted at 9to5 Mac, for example, might not have been as critical MORE
Philip Elmer-DeWitt - Mar 12, 2011 12:12 PM ET
The "Queen of the Mommy Bloggers" makes a curious revelation
Armstrong with iPhone. Photo: Catherine Ledner for the New York Times
Lisa Belkin's marvelous piece in the New York Times Sunday magazine on mothers who blog is filled with juicy details about Heather Armstrong, whose dooce.com draws 100,000 daily visitors and reportedly generates ad revenue of $30,000 to $50,000 a month.
Armstrong, who famously got fired from an L.A. start-up for nicknaming MORE
Philip Elmer-DeWitt - Feb 27, 2011 7:21 AM ET
Expects Apple to sell 75 million iPhones in calendar 2011, 12%-13% of them through Verizon
Source: Verizon Wireless
RBC Capital's Mike Abramsky, whose estimate that Verizon (VZ) had fewer than 100,000 Apple (AAPL) iPhones in stock for pre-sale last week seemed low, has issued a new report with some more aggressive numbers.
He now estimates that Verizon will sell more than 1 million iPhones in its first week and 3-4 million before MORE
Philip Elmer-DeWitt - Feb 9, 2011 11:30 AM ET
Though Yahoo's fourth quarter revenue and profit beat analyst estimates, its forecast for this quarter was significantly low enough -- revenue between $1.02 billion and $1.08 billion versus a consensus of $1.13 billion -- to send the Internet giant's shares down 4% by yesterday afternoon. (Tech Trader Daily)
Yahoo also laid off about 1%, or likely around 100-150, of its current global staff. "The personnel changes we are making are part MORE
A curated selection of the day's most newsworthy tech stories from all over the Web.
Apple released iOS 4.3 beta to developers and quickly enough, users found some rather interesting new features, chief among them: four and five finger-multitouch gesture support for the iPad. A five-finger pinch brings users back to the home screen, a four-finger swipe up or down shows or hides the multitasking bar, and four-finger swipes to the MORE
JP Mangalindan, Writer-Reporter - Jan 13, 2011 8:27 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% |
| 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% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| 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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