Yes, the rumor is back again. And it will keep coming back until Microsoft eventually releases its own phone (which I think it will and should). The rumor today is that Microsoft could use chief executive Steve Ballmer’s Consumer Electronics Show (CES) keynote to unveil a device based on both its Zune portable music device and the Danger-made Sidekick device, Tech Trader Daily reports. This rumor comes compliments of Global Equities Research analyst Trip Chowdhry. While analysts typically have horrible reputations when it comes to predicting products, seeing as the CES keynote is less than a month away, it’s possible...
Everyone knows the stock market is tanking, but how is that affecting individual investors? Social investing site Cake Financial released data today shedding some light on how its users are coping with the crumbling economy. The answer is pretty much what you’d expect: Not that well. At the end of November, individual investors are down 42.25 percent for the year, which is in the same neighborhood as many market indices. During that same period, the NASDAQ fell 42.7 percent, the Dow Jones fell 34.7 percent and the S&P 500 fell 40 percent. And not surprisingly, investment activity has slowed, with...
Research In Motion’s (RIM) downside guidance for the third quarter is playing hell with the company’s share price today. After market close Tuesday, RIM said revenues for the three months ended November will fall short of its earlier forecast. The BlackBerry maker expects to report Q3 sales of $2.75-2.85 billion, up 65 percent from a year earlier, but less than its earlier outlook of $2.95-3.10 billion. “Initial sales of new products have been very positive, and we believe we have the strongest smartphone portfolio in the industry by far,” RIM co-chief executive Jim Balsillie said in a statement. “However, product-launch...
MySpace Chief Executive Chris DeWolfe said that he's "cautiously optimistic" about ad revenue for the News Corp.-owned social network in the face of a recession, Reuters reported Monday. Speaking at the outlet's Reuters Media Summit, DeWolfe said that MySpace's "revenue and profits are significant and they ......