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Forbes.com has a great piece on former microprocessing kingpin Intel, which held its annual meeting today (being Wednesday). The lowdown on the thoroughly reported story is that Intel may be building things up higher (or better) than they actually are. At the meeting, Intel employees were busy...
Read More | Mar 13th, 2008 | Comments: 1 | Last Comment: Mar 14th, 2008
Ugh. The tech meltdown turn toward the telecom sector this week, fixing its dark gaze on companies like AT&T, Verizon, and Sprint Nextel, among others. On Thursday, shares of telecommunications companies fell badly from the ongoing fallout amid credit concerns. The carnage was grim and deep. U.S....
Read More | Mar 7th, 2008
In another disappointing sign o’ the times, Sprint announced today that it would post a $29.5 billion loss – that’s right - $29.5 billion - most of it due to a write-down of its 2005 purchase of Nextel. The telecom kingpin is bleeding customers, left and right, and investors are worried how...
Read More | Feb 28th, 2008
It’s like the 1990’s again, with all of the big name merger and acquisition activity. We’ve read about Microsft and Yahoo in the last few weeks and now comes wind of a proposed $1.0 billion deal between video game titan Electronic Arts and Take-Two Interactive Software. EA is known for its...
Read More | Feb 25th, 2008 | Comments: 2 | Last Comment: Feb 26th, 2008
Ugh . . . . Another lousy week for tech stocks. For the whole stock market, for that matter. But technology stocks bore the brunt of it. Let's look at some of the bigger players. ---------------------------------------------------------------------------------------------------- Company ...
Read More | Feb 15th, 2008
Oh boy, our domestic financial flu is spreading, and overseas financial markets are in a swoon as a result. That's the big news today even as the U.S. financial markets are closed for Martin Luther King Day. With U.S. banks and stock exchanges closed down in honor of the slain civil rights legend,...
Read More | Jan 21st, 2008
Keeping track of the economic news is getting nerve-racking - akin to watching a train wreck in slow motion. In the past 24 hours we've seen . . . - A Fortune magazine study showing that about 75% of Americans who think we're either already in a recession or are heading toward one (no surprise...
Read More | Jan 18th, 2008 | Comments: 1 | Last Comment: Jan 19th, 2008
I know, I know. I'm a broken record on how the media keeps good economic news hidden in the shadows. But with good reason. If all consumers hear is how bad the economy is going, then they could stop spending and really increase the chances of the economy going south for the winter, so to...
Read More | Dec 31st, 2007
Media pessimists are crying in their beer today, their dour, gloomy faces stricken with grief over the knowledge that, despite their best efforts, the U.S. economy refuses to buckle under and go into recession. It's getting funny, actually. Every quarter the U.S. gross domestic product (GDP)...
Read More | Dec 20th, 2007
If McDonalds can advertise, “Over 1 billion served” on each of its restaurants signs, then why can’t Comcast, Verizon, Sprint and the rest of the broadband world say the same thing? Well, technically, soon they can. That after a new report from Strategy Analytics that estimates over one...
Read More | Dec 18th, 2007 | Comments: 2 | Last Comment: Jan 7th, 2008
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