After a glorious first week of sales following its introduction in April, sales have slid rapidly for the Apple Watch, according to Slice Intelligence. Sales have plummeted to fewer than 20,000 units a day, down from an average of 200,000 a day during its launch week, reported Slice, which measures ...
A popular parlor game in the technology industry is predicting new market opportunities and forecasting how quickly they're going to flourish. Despite all the investments that have been made in trying to turn this pastime into a science, it is amazing how often the market research firms still get it...
Google has launched a new music search service in China in conjunction with Top100.cn, one of mainland China's top Internet music sites. The new Google Music Search provides users with links to free, legal music downloads. Google, Top100.cn and several major American record labels will share revenue...
Online video site YouTube has stopped streaming music videos to users in the United Kingdom due to a dispute over royalties with PRS for Music, the UK entity that collects royalties for music artists. The two sides have been locked in a battle over royalties for months, and YouTube, which is owned b...
Smartphone maker Palm said Monday that it will remarket shares held by private equity firm Elevation Partners in an attempt to raise more capital as it readies itself for the rollout of its much-anticipated touchscreen phone, the Pre. Palm will sell about 18.5 million common shares -- or about half ...
Satellite television provider Dish Network and its former parent, EchoStar, reported Q4 financial results on Monday. Dish Network reported revenue of $2.92 billion for the quarter ended Dec. 31, 2008, a 1 percent increase over the same period in 2007. Net income totaled $217 million, compared with $...
Beleaguered Internet search portal Yahoo has launched a new type of online ad that incorporates traditional search results with images and video. Here's an example: Go to Yahoo, type in the keyword "pedigree," and a sponsored search result for Pedigree dog food will come up accompanied by a video ad...
Sprint Nextel's stock jumped 27.3 percent to $3.46 per share in mid-day trading Thursday after the struggling telecom delivered a lower-than-expected churn rate. The company lost 1.3 million wireless subscribers during the quarter, but that wasn't as bad as some Wall Street analysts had expected. Sp...
Just a month after saying it had no intention of opening a chain of retail stores, Microsoft has announced plans to do just that. The software giant announced Thursday that it has hired Wal-Mart veteran David Porter to lead the retail effort. Porter will report directly to Kevin Turner, Microsoft's ...
Search engine powerhouse Google has decided to sell its decaying 5 percent equity stake in struggling Internet portal AOL just two years after investing $1 billion in the company. AOL parent Time Warner disclosed Google's decision on Wednesday -- the same day Time Warner announced fourth-quarter fin...
Netflix is coming to a high-definition LG Electronics television near you. The two companies on Monday announced an extension of an existing partnership whereby LG will sell Internet-ready TVs capable of streaming content from a catalog of 12,000 Netflix movies. The service is already available on o...
Struggling smartphone maker Palm just got a $100 million shot in the arm from private equity group Elevation Partners. In an investment agreement announced Monday, Elevation acquired new issues of preferred stock in Palm for $3.25 per share, a 31 percent premium over the closing price of Palm's stoc...
Sun Microsystems' biggest institutional investor -- Southeastern Asset Management -- plans to add two new members to the struggling server maker's board of directors. Southeastern owns 22 percent of Sun's common stock. Founded in 1975, Southeastern has $34 billion in total assets under management.
Microsoft has tapped Qi Lu, a former Yahoo Search executive, to run its Internet unit. Lu, 47, left Yahoo in August after 10 years; he most recently served as vice president of engineering for the search and advertising technology group. At Microsoft, he will become the president of the online serv...
The rest of the economy may be tanking, but online advertising in the U.S. posted big year-over-year gains, according to the New York City-based Interactive Advertising Bureau and PricewaterhouseCoopers. Internet advertising revenue reached nearly $5.9 billion in the third quarter, an 11 percent inc...
Good - It's entertaining and makes sporting events more interesting.
Bad - It increases the risk of gambling addiction and financial loss.
Neutral - The benefits and drawbacks are equally significant.
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