tech companies news stories on Newser

23 Celebs Looking to Make It Big in Tech

Evann Gastaldo — Sat, 17 Mar 2012 08:48:25 CDT

Celebrities are increasingly getting their fingers in tech companies, including such well-known ones as Facebook and Foursquare. Huffington Post rounds up 23 Hollywood VIPs who dabble in tech on the side: Leonardo DiCaprio : He invested $4 million in Mobli, a real-time visual media platform, last October. Selena Gomez : The singer/actress...

Facebook IPO Could Top $10B

Rob Quinn — Tue, 29 Nov 2011 05:05:05 CST

Facebook is readying its long-anticipated initial public offering for the second quarter of next year, and it's aiming for a deal that will value the company at more than $100 billion—more than $125 for each of its 800 million users, insiders tell the Wall Street Journal . The company is...

IBM Surpasses Microsoft, Claims No. 2 Tech Spot

Evann Gastaldo — Fri, 30 Sep 2011 08:41:05 CDT

Microsoft, once the world’s most valuable tech company, has now fallen to third place. IBM surpassed Microsoft yesterday to take the second-place spot, as its market value rose to $214 billion and Microsoft’s fell to $213.2 billion. It marked the first time IBM’s closing prices exceeded Microsoft’s since 1996,...

How 13 Big Tech Firms Got Their Names

Harry Kimball — Wed, 24 Mar 2010 11:33:04 CDT

The Business Insider figures you've also wanted to know how your favorite high tech concern got its name. Well, you're in luck! Here goes: SUN Microsystems: It's actually an acronym for Stanford University Network, the school where the founders met. Cisco: Actually not an acronym, as often assumed. It's just...

Yahoo Posts $303M Loss, Beats Estimates

Tue, 27 Jan 2009 16:58:35 CST

Yahoo Inc. stumbled to a fourth-quarter loss of $303 million, but the Internet company withstood the recession better than analysts had expected. Yahoo's loss—officially wrapping up the Jerry Yang era—translated into 22 cents per share, compared with a profit of 15 cents per share in the prior year,...

'Media Titan' Moves in Small (Even Empty) Websites

Harry Kimball — Wed, 16 Jul 2008 13:29:00 CDT

Richard Rosenblatt doesn’t work in Silicon Valley and few people, even there, know his name. But in just 2 years his Demand Media has become a huge player, backed by $355 million in private investment, and pulling in nearly $200 million in revenue this year, the Los Angeles Times reports....

Business Woes? Call a Corporate Psychic

Harry Kimball — Sun, 22 Jun 2008 11:58:13 CDT

More businesses are seeking a new breed of consultant to give them guidance in tough economic times, Newsweek reports: psychics . Blue chip operations across the nation, from tech concerns to corporate law firms, are coughing up big bucks to hire “intuitionists,” with executives hoping their otherworldly expertise will give them...

Apple Hoards $15B—Why?

Laila Weir — Fri, 07 Dec 2007 17:00:03 CST

Regulatory filings reveal Apple has $15.4 billion stockpiled, leading to curiosity about its plans for the cash. The company itself hasn't offered much of an answer, but in its Big Tech blog, Fortune speculates Apple could acquire smaller companies, perhaps buying its way into a new area like social...

Online Boom Won't Result in Dot-Com Bust

Lucas Laursen — Mon, 05 Nov 2007 09:25:00 CST

Today’s Silicon Valley upstarts are enjoying heady times, but without the excess and risk of their late-'90s counterparts, reports the Wall Street Journal. Sophisticated venture capitalists generally bear the risk involved in the next tech crash, and fewer and less volatile IPOs this time around mean small investors are safer.