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AMD heavily trims 3Q loss, revenue up 14 pct (AP)

October 17th, 2008 | No Comments | Posted in Uncategorized

Good news to all AMD stock holders/investors, their loss was reduced from the previous quarter and this may not be that much but certainly a better info to read.

They’re kicking back and did not continue sinking anymore, hopefully this will progress more.


Advanced Micro Devices Inc. surprised investors with a sharply reduced loss for the third quarter, as the computer chip maker received a large lump sum for licensed technologies. Its shares soared in extended trading.

Even without the licensing fees, the company apparently outdid low expectations thanks to strong sales. The results provided a contrast to solid but unspectacular results for the quarter reported by its much larger rival, Intel Corp. and gave some reassurance to investors nervous about the prospects for the highly cyclical semiconductor industry as the economy slows down.

Read the entire articlehere

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And yes, they’re unstoppable

October 17th, 2008 | No Comments | Posted in Uncategorized

The economy might be suffering right now but not with google, I read this tech news article from yahoo today and it says that google increased it’s sales by 26 percent. Wow. That is even in spite of the declining economy huh?

So, don’t you want to invest in google now? :D

Here’s a clipping from the article:

Google shares surged $36.97, or 10.5 percent, in Thursday’s extending trading after finishing the regular session at $353.02, up $13.85. It marked a dramatic change in sentiment from earlier Thursday as a cascading wave of pessimism pounded Google’s stock price to a three-year low of $309.44.

“People suddenly realized that if there a stock you are going to own through this uncertainty, (Google) is the one,” said Canaccord Adams analyst Colin Gillis.

source

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Sinking shares could make Yahoo a target again (AP)

October 12th, 2008 | No Comments | Posted in Uncategorized

When Yahoo Inc. co-founder and CEO Jerry Yang spurned Microsoft Corp.’s rich buyout offer this spring, he promised brighter days in Sunnyvale were just over the horizon.

Now the market collapse has helped drive Yahoo’s value to a fraction of what Microsoft originally bid. If Microsoft — or another buyer — were to float a new offer, the acquisition would come much cheaper, and Yahoo would likely be under even greater pressure to take it.

Matt Rosoff, an analyst for the independent research group Directions on Microsoft, said Microsoft is much less likely to bid for all of Yahoo this time. Its search engine, No. 2 to Google Inc.’s, would likely be Microsoft’s target.

Rosoff said Yahoo’s pummeled stock price leaves time on Microsoft’s side. The company can afford to throw money into its own Internet search operations and swoop in when Yahoo is finally strapped.

source

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BlackBerry Storm has touch screen you can feel (AP)

October 8th, 2008 | No Comments | Posted in Uncategorized

Research in Motion Ltd., maker of the BlackBerry, is taking on Apple Inc. with a touch-screen phone that puts a new twist on the technology. RIM is known for its e-mail-oriented phones with large keypads. With the new model announced Wednesday, the Storm, RIM is for the first time giving up the physical keypad in favor of a large screen, just like the one on Apple’s iPhone.

But RIM has listened to users who find the iPhone’s glass screen awkward to type on because its virtual buttons provide no tactile feedback. The Storm’s whole screen is backed by springs, and when pressed, it gives under the finger. The long-rumored Storm will be available from Verizon Wireless in the U.S. and from Vodafone Group PLC overseas before the holidays, the companies said. No price has been disclosed yet.

In an unusual twist, the phone will work both on Verizon Wireless’ network and on Vodafone’s, even though they use incompatible technologies. Like a few other Verizon Wireless handsets before it, the Storm will be equipped with radios to handle both networks, making international roaming a possibility. The iPhone, carried by AT&T Inc. in the U.S., can already roam internationally.

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Want to shop using Youtube?

October 7th, 2008 | No Comments | Posted in Uncategorized

YouTube flips switch on new sales channel

Online video leader YouTube has opened up its version of a home shopping network in its latest effort to wring more revenue from its massive audience and justify the $1.76 billion that Google Inc. paid for the site two years ago.

In the new service, unveiled Tuesday in the United States, there will be buttons under YouTube videos to offer viewers a chance to buy music, movies, TV shows, concert tickets and other products featured or mentioned in a particular clip.

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This did not surprise me at all, in fact I think I’ve seen ads in some of the videos I came across in the internet. Google might probably having a hard time marketing their ads on youtube right now because of the ‘copyright’ issues they have with some of the video clips.

I used to watch TV shows from my country (Phils) in youtube before but since they started taking it off and banning those members who posted TV clips, I don’t go to youtube that often anymore. I went to other sites that provides me with what I need.

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Hole in Adobe software allows free movie downloads

September 28th, 2008 | No Comments | Posted in Uncategorized

OUCH!? This hurts big time on the distributor. It could be that they lost thousands of dollars because of this hole. Hmm, I wonder what would be Adobe’s explanation about this issue :-)

A security hole in Adobe Systems Inc software, used to distribute movies and TV shows over the Internet, is giving users free access to record and copy from Amazon.com Inc’s video streaming service.

The problem exposes online video content to the rampant piracy that plagued the music industry during the Napster era and is undermining efforts by retailers, movie studios and television networks to cash in on a huge Web audience.

“It’s a fundamental flaw in the Adobe design. This was designed stupidly,” said Bruce Schneier, a security expert who is also the chief security technology officer at British Telecom.

source

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Oracle to sell computer hardware for first time

September 25th, 2008 | 1 Comment | Posted in Uncategorized

The expansion announced Wednesday by Chief Executive Larry Ellison calls for Oracle’s sales team to peddle a “database machine” and a smaller storage product, both made by Hewlett-Packard Co. Both pieces of hardware are designed to help companies fetch information stored on Oracle’s database software more quickly while taking up less space in corporate data centers.

Ellison unveiled the products — in development for three years — at an Oracle customer conference attended by nearly 43,000 people.

The database machine will sell for $650,000 and store up to 168 terabytes — “1,400 times larger than Apple’s largest iPod,” Ellison boasted in reference to the 120-gigabyte media device made by the company run by his best friend, Steve Jobs.

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Microsoft to issue debt, buy back $40B in stock

September 22nd, 2008 | No Comments | Posted in Uncategorized

Chaos in the money markets gave Microsoft Corp. an opening Monday to announce it would take on debt for the first time, launch a new $40 billion stock buyback plan and raise its dividend.

The moves indicate that for all the credit problems plaguing the financial sector, cash-laden technology companies with good credit ratings are still borrowing money on favorable terms and otherwise enjoying flexibility.

The largest information-technology company, Hewlett-Packard Co., approved an $8 billion buyback plan Monday. And Intel Corp. Chairman Craig Barrett told The Associated Press that the chip maker — which boasted $11.5 billion in cash and $2.1 billion in debt at the end of the last quarter — was feeling no squeeze from the credit crunch.

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