August 11, 2009 | mauthor | Business, all | No Comments
Today, Facebook bought Friendfeed for $50 million. The reason behind facebook buying friendfeed is, facebook wants to confound google, as google cannot index facebook pages properly. They want to make facebook the largest web space. Frienfeed has 12 members in their team, in that 3 are ex goog
[ read more ]
August 10, 2009 | mauthor | Business, all | No Comments
General Motors after its bankruptcy, planned to sell car through ebay.com, GM aims to introduce a new platform for the buyers. On Aug 10 Tuesday, GM will launch a pilot program with EBay to sell the cars. Through this program buyers can place a bid for GM cars from GM dealers. And it has lot
[ read more ]
August 7, 2009 | mauthor | Business, all | No Comments
Apple might release a mini computer in the early 2010, which looks like a Ipod touch but slightly bigger than IPod touch. The Apple mini computer or tablet will be priced between $500 to $700. This is in competition to the other Netbooks or mini laptops manufactured by Dell, Acer, Toshiba and
[ read more ]
A man in China committed suicide for missing a fourth generation Iphone prototype. Sun Danyong (25 years), was an employee of Foxconn Technologies, he was responsible for shipping the Fourth generation IPhone prototype to Apple Inc in USA, on July 13th he lost one of 16 4G Iphone prototype, on Ju
[ read more ]
Steve Jobs, the co-founder and CEO of Apple Inc who recently returned back to work from medical leave announced Apple's profit for ended quarter rose by 15% to 1.23 million dollars. Sales for this quarter is $8.34 billion which rose by 12%. Apple sold 7.2 million iphones in this quarter all over the
[ read more ]
The semiconductor industry Texas Instruments profit went down by 56%, the second quarter net income is 260 million. The company said they expect 250 - 280 million in the third quarter. Texas Instruments reamin as the top supplier of chips for cellular handsets, digital signal processors and anal
[ read more ]
Raleigh , NC based ; NYSE Listed Redhat (RHT) , provider of open source software solutions to enterprises and largely associated with it’s Red Hat Linux Operating system is included to prestigious S&P 500 index after the market close on Friday. RedHat is replacing financially beleaguer
[ read more ]
Direxion Funds leading provider of leveraged Exchange Trade Funds (ETF's) today introduced 3X US Domestic REIT ETF that track of 300% of the price performance of the MSCI US REIT Index. These funds are mainly focused towards US domestic commercial REITs. DRN - Daily Real Estate Bear 3x Shares p
[ read more ]
On July 16 after hours , Armonk , NY based IBM & Mountain View , CA based Google , both tech giants on their own merits , reported their last quarter earnings numbers. "Big Blue" Consulting and services based IBM blew past estimates and raised guidance. Web 2.0 era open source savvy , "m
[ read more ]
