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The E-Book Empire Strikes February 05, 2010
Apple held most of the music industry virtually at knifepoint for years, and that wasn't necessarily a bad thing, especially if you were a consumer who wanted a legal way to get popular music at a fairly reasonable price. It was only about a year ago that iTunes let go of its dollar-store policy and allowed for a little leeway in its pricing.
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AOL Back in Black February 03, 2010
In its first earnings report as an independent company, AOL posted a small profit for Q4. It recorded net income of $1.4 million, or 1 cent per share, for the quarter. In the same period a year ago, it lost $1.93 billion, due to a $2.2 billion noncash impairment charge. Revenue declined 17 percent to $809.7 million.
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A Wild, Wild Week for Apple February 03, 2010
Apple hosted another new product circus last week, and as usual, some investors sat with itchy trigger fingers on the "buy" and "sell" buttons. When CEO Steve Jobs unveiled the iPad Jan. 27, Cupertino's share prices shot up to $207.88, up $1.94, or less than one percent, from the previous day's close of $205.94. Apple's prices have been sliding since, closing on Monday at $194.73.
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Windows 7 Launch Sends Microsoft Profits Skyward January 29, 2010
PC users purchased record numbers of Windows licenses in the last three months of 2009, driving big gains for Microsoft over the company's second fiscal quarter, the first quarter in which the company's Windows 7 OS was on retail shelves. For its quarter ended Dec. 31, Microsoft reported net income of $6.66 billion, or 74 cents per share, from $4.17 billion, or 47 cents a share, a year ago.
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Holiday Megasales Propel Amazon's Q4 January 29, 2010
Amazon.com's fourth-quarter earnings skyrocketed 71 percent, as shoppers spent more than ever during a holiday season that improved over the previous year for retailers on and off the Web. Despite the sluggish economy, Amazon did well throughout the year, drawing shoppers with its Kindle e-reader and deals on an immense selection of goods ranging from alarm clocks to stuffed zebras.
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Wii Price Cut Nicks Away at Nintendo's Profit January 28, 2010
Nintendo, maker of the hit Wii game console, said profit for April through December fell 9 percent after price cuts and the rising yen tarnished strong holiday sales. Nintendo reported Thursday a $2.1 billion profit for the nine months through Dec. 31, down from $2.4 billion a year earlier. Sales retreated 23 percent to $13.1 billion.
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Yahoo Eyes Turnaround in the Making January 27, 2010
After a painful descent, things may finally be looking up for long-suffering Yahoo. Coming off its best quarterly performance since hiring Carol Bartz as its chief executive a year ago, Yahoo promised late Tuesday to deliver even more meaningful progress this year. For starters, the Internet company expects its revenue for the three months ending in March to rise 3 percent to $1.63 billion.
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Will Apple Keep Running With the Bulls? January 27, 2010
Analysts were generally impressed Monday after Apple announced record revenues and profits for the first quarter of its fiscal year 2010, and they continue to be revved up in anticipation of the announcements Cupertino has planned for Wednesday, although no one is exactly certain just what that dog-and-pony show will entail.
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It's Tablet Day Minus One, and Apple's on a Roll January 26, 2010
Apple registered a 50 percent jump in profit in Q1 2010, compared with the same period a year ago. The company posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion, or $3.67 per diluted share, compared with revenue of $11.88 billion and net quarterly profit of $2.26 billion, or $2.50 per diluted share, in the year-ago quarter.
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Venture Capital Funding Spread Thin in Q4 January 22, 2010
Venture capitalists invested less money in U.S. startups in the fourth quarter and showed signs of spreading out those fewer dollars among more companies, reflecting continued caution amid uncertainty about the economy. The shaky economy has meant that startups are less likely to find buyers or complete initial public offerings.
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Apple Tablet Fever Has Wall St. Temperatures Rising January 20, 2010
Apple's share prices soared on Tuesday as media reports began to take it for granted that the vendor would launch its much-talked-about tablet Jan. 27. Apple shares closed at $215.04, up 4.42 percent from Monday's closing price of $205.93. The market appeared to discount Apple's entanglement in a legal thicket -- Cupertino is embroiled in lawsuits with both Nokia and Kodak.
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Intel Results Paint Cheery Picture for PC Market January 15, 2010
Intel's fourth-quarter earnings breezed past Wall Street's expectations, and its rosy profit outlook for 2010 was another sign that a lasting recovery for the recession-battered personal computer market is under way. As the first major technology company to report its results for the last quarter, Intel is seen as a barometer for the PC market and for technology spending in general.
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Sizing Up iPhone's Adversaries January 13, 2010
In a generally down market on Tuesday, Apple share prices fell $2.39, or 1.14 percent, to hit $207.72 at close. Consider that as just a blip -- the frenzy around Apple's expected tablet announcement continues to mount, and analysts expect 2010 to be yet another banner year for Cupertino.
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Where Is the Stock Market Headed? January 07, 2010
The stock market has had a remarkable ride in 2009. Presently, it has substantially recovered from its low point of March, 2009. Many of us are wondering where it is now heading, given that so many people have their retirement savings tied up in the market. In fact, I am often asked to prognosticate about the direction of the stock market.
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Apple Starts 2010 With a Bang January 06, 2010
The first days of the new year have rung a happy note for Apple, offsetting the legal battle with Nokia that cast a shadow on the dying days of 2009. Downloads from the iTunes App Store have passed the 3 billion mark, and there's no shortage of excitement about the tablet Apple may be unveiling later this month.
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A New Year, a New Record and a New Problem for Apple December 30, 2009
Hopes that Apple would close out 2009 with a resounding bang were dampened somewhat with Tuesday's news that Nokia is widening its patent lawsuit against the company. It sent Apple's share prices down from Monday's record high closing of $211.61 to $209.10 at close Tuesday, a slip of about 1 percent.
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