Corporate News
Wireless Internet provider LightSquared has filed for Chapter 11 protection. LightSquared, the ambitious 4G wireless venture recently poised to bring lightning-fast Internet to the masses, filed for Chapter 11 bankruptcy protection earlier today. Government tests found that LightSquared’s signals interfered with GPS reception, a setback LightSquared was never able to recover from. In an official [...]
In the Phoenix metro area, sprawling data centers and fraud-prevention companies bloom like the cacti and agaves of a growing tech ecosphere. In the desert, only the hardiest plants and animals survive. They develop spines and foul smells to ward off water thieves, and poisons to cut down competition. They hunker down, specialize, and waste [...]
After seeing Apple post a hugely successful fiscal first quarter yesterday, investors are on a spending spree. Apple’s stock soared in early trading today, surging nearly 7 percent to $449.33 after opening a touch higher still at $454.44, as investors moved to take quick advantage of the anticipated strong demand for the company’s shares. At [...]
Internet search titan Google startled Wall Street with weaker-than-expected fourth-quarter earnings results, sending the company’s shares down as much as 9% after the numbers were released. The results were driven primarily by an unexpected decline in the fees that Google receives each time a user clicks one of its search ads. That metric, which the [...]
Google Inc., owner of the world’s most popular Web search engine, reported fourth-quarter revenue and profit that missed analysts’ estimates, as weaker European demand and a shift to mobile advertising crimped growth. Sales excluding revenue passed on to partner sites rose to $8.13 billion, Google said on its website. That compared with the $8.41 billion [...]
Microsoft has developed a new kind of Wi-Fi network that performs at its top speed even in the face of interference. It takes advantage of a new Wi-Fi standard that uses more of the electromagnetic spectrum, but also hops between the narrow bands of unused spectrum within television broadcast frequencies. In 2008, the U.S. Federal [...]
Web giants like Google and Amazon are notoriously secretive about what goes on inside the worldwide network of data centers that serve up their sweeping collection of web services. They call it a security measure, but clearly, they also see these facilities as some sort of competitive advantage their online rivals mustn’t lay eyes on. [...]
Audi’s centennial celebration is winding down, but the German brand isn’t quite ready to switch off the lights. There’s at least one more big model debut planned for its 100th anniversary, and in just over a week Audi will pull the sheets off the all-new 2011 Audi A8. Although the uber-sedan will take the stage [...]
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