Posts Tagged ‘ business ’

Eric Schmidt Stepping Down as Google CEO, Larry Page is in

January 20, 2011
Eric Schmidt Stepping Down as Google CEO, Larry Page is in

Google announced as part of its fourth quarter earnings that CEO Eric Schmidt will be stepping down as CEO effective April 4. Taking over the reins of the search behemoth will be mild-mannered co-founder Larry Page. Schmidt will not be leaving Google a…

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Western Digital Announces $2.476 Billion in Q2 Revenue

January 19, 2011
Western Digital Announces $2.476 Billion in Q2 Revenue

Western Digital on Tuesday reported revenue of $2.475 billion for its second fiscal quarter ended December 31, 2010. That’s down slightly from one year ago, in which WD posted $2.619 billion, but the hard drive maker isn’t complaining.
“We are pleased …

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Netflix Spends 20 Times More to Mail a DVD than Stream to It

January 18, 2011
Netflix Spends 20 Times More to Mail a DVD than Stream to It

Over at Digital Society they have done a little math based on recent statements from Netflix chief content officer Ted Sarandos. The numbers they looked at tell us how much Netflix spends to get video content in front of your eyeballs. It turns out, th…

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Breaking: Comcast-NBC Deal Receives Federal Approval

January 18, 2011
Breaking: Comcast-NBC Deal Receives Federal Approval

The news just broke shortly ago that the Comcast-NBC deal has been approved by government regulators. The FCC approved the sale of NBC Universal to Comcast by a 4-1 vote. Commissioner Michael Copps was the lone holdout. In a statement he said the deal …

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Steve Jobs Takes Another Medical Leave of Absence from Apple

January 17, 2011
Steve Jobs Takes Another Medical Leave of Absence from Apple

While we don’t cover all things Apple (we leave that to Mac Life), the news out of Cupertino today has affected everyone in the tech community. Apple CEO Steve Jobs sent an email to all Apple staffers to announce that the board has granted his request …

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Twitter Fails to Hire Away High-Level Googler

January 14, 2011
Twitter Fails to Hire Away High-Level Googler

Google’s ranks have been raided by Twitter and Facebook more than once in the last year. Employees have been following lucrative offers away from The Big G, and that has led many to insinuate that Google has lost its mojo. In perhaps the biggest coup a…

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Intel Reports Record Year, Future Looks Bright

January 14, 2011
Intel Reports Record Year, Future Looks Bright

Intel on Thursday reported full-year revenue of $43.6 billion, operating income of $15.9 billion, net income of $11.7 billion, and EPS of $2.05 billion. Can you guess what they all have in common? Each one represents a new record for Intel, which poste…

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PC Market Slows, Intel Profits Still Up

January 13, 2011
PC Market Slows, Intel Profits Still Up

Analysts were expecting Intel to make some money, but the chipmaker beat everyone’s expectations, including their own. According to All Things D, Intel reported revenue of $11.5 billion with sales up 8% year over year. But with that sales increase, pro…

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