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Regulators probe bank's role in Facebook IPORegulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. Why Facebook still doesn't look cheapIf you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days. Web series touts funky concept snowboardsIn the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.New York City airports install new, expensive holograms to help you find your wayThe next time you're looking for help at Newark Liberty, JFK, or LaGuardia airport, the answer to your question might come from a friendly, beautiful woman. Just don't expect that woman to be an actual, live human. As part of … Continue readingRobotic fish may soon scan for pollution off the coast of SpainOne of the easiest ways to detect otherwise unseen underwater pollution in our lakes and oceans is to monitor the animal life. Sometimes subtle changes in fish population can signal a greater problem that demands immediate attention. Not content to let … Continue readingAT&T Thanks Individual Users With 50-Plus Custom YouTube VideosAT&T is taking advantage of the personal nature of social media with a new campaign called "Thank You Notes" that includes more than 50 customized YouTube videos thanking fans in song.Facebook looks to settle 'sponsored story' suitFacebook is close to settling a lawsuit over advertisements it calls "sponsored stories."SAP to buy Ariba for $4.5B, extending cloud pushBusiness software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion.New ad zapper has TV networks worried about salesThe maker of a new DVR that lets consumers zap away broadcast TV commercials at the touch of a button suggested Tuesday that the networks are being short-sighted in opposing the technology.Google completes Motorola deal, heralding new eraGoogle has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing. Apple is testing iPhone with larger display and widescreen ratio, report saysRumors suggest that Apple intends to increase the screen size of its iconic iPhone device. A new report from 9to5Mac takes things one step further, claiming that Apple is increasing the length of the screen to create a 16:9 aspect ratio display.Ahead of the Bell: Facebook shares start climbingFacebook shares climbed Wednesday in premarket trading after its long-awaited initial public offering was followed by a two-day slide in stock price.Boy Scouts get tech-savvy to boost membershipThe Boy Scouts of America is trying to recruit a new generation of kids to join its troops with high-energy, high-tech activities that include thrill-inducing zip lines at a new adventure camp, apps and a television show. Apple’s design boss says the best is yet to comeDuring an interview with The Telegraph published on Wednesday, Apple’s design boss Jonathan Ive said that his most impressive work at Apple has yet to come. While Apple’s late co-founder and former chief executive Steve Jobs still takes center stage when the company’s current product line is discussed, Jobs’s knack for surrounding himself with an amazing team was one of the key factors that led to Apple’s success. Among the top executives who had a hand in making Apple what it is today — the most valuable company in the world — is Jonathan Ive, senior vice president of Industrial Design at the Cupertino, California-based company. While Ive is one of the executives behind all of Apple’s biggest hits, including the Regulators probe bank's role in Facebook IPORegulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. Can Diet Coda make the iPad a leaner meaner business machine?If you watch a lot of television, you’d think Apple’s iPad, which accounts for 68 percent of all global tablet sales, had cornered the enterprise market. Clever product placement makes it seem like this two-year-old technology has found it way into every business from retail to national security. The truth, however, is that of the hundreds of thousands of iOS apps only a tiny percentage help foster the image of the iPad as post-PC computer. Rather, the vast majority are created for casual users looking to consume content. ...Microsoft sees Windows 8 as ‘rebirth’Microsoft is betting big on its upcoming Windows 8 operating system, which looks to bridge the gap between smartphones, tablets and desktop computers. Microsoft CEO Steve Ballmer on Tuesday called the operating system a “rebirth” of the Windows brand and described it as the ”deepest, broadest and most impactful” Windows software ever created, Agence France-Presse reported. “It’s really, in some senses, a dawning of the rebirth of MS Windows… It’s certainly the most important piece of work we’ve done,” he said at a forum in Seoul, South Korea, adding that an estimated 500 million users will have Windows 8 on next year. The CEO went on to promise the “best economic opportunity” for device makers and app developers who adopt the Regulators, investors turn up heat over Facebook IPO(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. Facebook shares closed 8.9 percent lower at $31, following an 11 percent plunge on Monday. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ... Ahead of the Bell: Mass layoffs looming at HPHewlett-Packard Co. is expected to announce deep cuts in its workforce Wednesday afternoon when the world's largest personal computer and printer maker is scheduled to release its latest quarterly results.Oracle Buys Social Media Marketing Firm Vitrue for $300 MillionOracle is buying Vitrue, a cloud-based social media marketing firm that helps major advertisers market themselves on Facebook.AT&T Thanks Individual Users With 50-Plus Custom YouTube VideosAT&T is taking advantage of the personal nature of social media with a new campaign called "Thank You Notes" that includes more than 50 customized YouTube videos thanking fans in song.High-Tech Bridges Marry Function and BeautyThe Global Innovation Series is presented by BMW i, a new concept dedicated to providing mobility solutions for the urban environment. It delivers more than purpose-built electric vehicles -- it delivers smart mobility services. Visit bmw-i.com or follow @BMWi on Twitter.SAP says initially planned cooperation with AribaMANNHEIM, Germany (Reuters) - SAP said on Wednesday it initially planned a cooperation with Ariba Inc rather than buying the commerce network company. German business software maker SAP announced plans to buy Ariba late on Tuesday, in a deal valuing the U.S. company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. SAP said it still aims to reach an operating margin of 35 percent in 2015. (Reporting by Harro ten Wolde and Hendrik Sackmann)Massachusetts Subpoenas Morgan Stanley Over Facebook IPOThe finger-pointing over Facebook's disappointing IPO continued Tuesday night as Massachusetts Secretary of Commonwealth William Galvin subpoenaed Morgan Stanley over one of its analyst's critical report of Facebook prior to its stock market debut.SAP to buy Ariba, boosts cloud betSAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. SAP is taking aim at Oracle, the world's No. 2 maker of business management software, as they vie with Salesforce.com Inc in the multibillion dollar cloud-computing services market, one of the industry's hottest area of growth. Shares in Ariba, which were halted briefly, leapt 20 percent to SAP's offer price of about $45 per share. ... Facebook IPO Fallout and Two Other Stories You Need to KnowWelcome to this morning’s edition of “First To Know,” a series in which we keep you in the know on what’s happening in the digital world. Today, we’re looking at three particularly interesting stories.Japan's NTT Docomo applies for 700 MHz licenseTOKYO (Reuters) - NTT Docomo Inc said on Wednesday it plans to apply for a license to upgrade its base stations to tap the 700 megahertz spectrum for high-speed mobile services, as it races with smaller rivals to attract smartphone users. The cost of migration to support a network for 3.9-generation phones could cost as much as 150 billion yen ($1.9 billion), it said. Japan's Communications Ministry allocated the coveted 900 MHz spectrum in February to smaller rival Softbank Corp, which supplies Apple Inc's iPhone in Japan along with KDDI Corp. ($1 = 79. ... Microsoft sees 'rebirth' with new Windows 8 systemMicrosoft's upcoming Windows 8 series -- featuring an upgraded cloud computing service -- marks a "rebirth" of its operating systems, chief executive Steve Ballmer said. Russia and Japan Interested in Moon ExplorationRussia and Japan want to explore the Moon, and in a big way.PC maker Lenovo says profit up 59 percentLenovo Group, the world's second-largest personal computer maker, said Wednesday its quarterly profit rose 59 percent over a year earlier on record sales.Grockit Wants to Build a Pinterest for LearningSearch engines may make it easy to find information, but they don't necessarily do the same for learning it.Verizon says global capabilities coming to select Android handsets this summerVerizon Wireless on Monday confirmed that the DROID RAZR, RAZR MAXX, HTC Rezound, and DROID 4 will receive global roaming capabilities later this summer, enabling the handsets to access voice and data services in more than 200 countries, Droid-Life reported. “Customers will see a notification on their device when the software update is available for their device,” a Verizon spokesperson said. “After the software update, customers will be able to take their smartphone overseas and use voice service in more than 220 countries and receive data in more than 205 countries.” While the carrier didn’t give a specific timeline, there is a possibility the update may be included with the smartphone’s upcoming Ice Cream Sandwich updates, which are also slated for Analysis: Did banks cross the line in Facebook research calls?NEW YORK (Reuters) - As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public. Facebook and the Wall Street banks that underwrote its $16 billion initial public offering are facing questions about how and why stock analysts decided to cut their financial forecasts on the company ahead of the IPO. ...Facebook settles lawsuit over "Sponsored Stories"SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users' "likes" without compensation or the ability to opt out, according to a court document filed on Tuesday. The proposed class action lawsuit, filed in a San Jose, California federal court, could have included nearly one of every three Americans, with billions of dollars in damages, court documents say. The terms of the settlement are not spelled out in court filings. ...The numbers on the Facebook earnings revisionsSAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted the negative impact of mobile users on Facebook's business. While Facebook did not provide any specifics in its amended S-1 filing, the four underwriters reduced their earnings and revenue estimates for both the second quarter of 2012 and the full year within the next two days, according to sources. ...Nasdaq shareholders mum on Facebook IPONEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after the exchange operator bungled Facebook's widely anticipated market debut, which helped launch the new stock into a three-day slide. When Nasdaq Chairman H. Furlong Baldwin called for questions at the Tuesday morning meeting in New York, he got eight seconds of silence. Technical glitches marred Facebook's IPO on Nasdaq's exchange on Friday, delaying the social networking giant's market debut by 30 minutes and delaying order confirmations for hours afterward. The U.S. ...Funds with Facebook hammered as proxy by shorts(Reuters) - Some investment funds have paid a price for their friendship with Facebook since the social networking giant went public last week. Firsthand Technology Value Fund and GSV Capital Corp, two closed-end funds that bought shares of the social media company before the IPO, have taken a beating, used as proxies for betting against Facebook. "Until investors can actually short Facebook, they have to keep shorting things that can give them some sort of proxy for Facebook," said Thomas Vandeventer, manager of the Tocqueville Opportunity Fund, which owns shares in both closed-end funds. ...Exclusive: Massachusetts subpoenas Morgan Stanley for FacebookNEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions with investors on Facebook "The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst's discussion with certain institutional investors about the revenue prospects for Facebook," a spokesman for Galvin's office said on Tuesday. "Morgan Stanley followed the same procedures for the Facebook offering that it follows for all IPOs. ... OmniVision’s 16-megapixel smartphone camera sensors support 4K resolutionOmniVision on Tuesday announced the OV16820 and OV16825 smartphone camera chips. The two sensors support up to 16-megapixels and can capture video at a 4k resolution, known as Quad Full High Definition (QFHD), at 60 frames per second. “It was an industry-wide assumption that smartphones would cut into DSC/DVC sales; but at higher resolutions, we’re seeing a very distinct divide between the two markets and both remain strong,” said Devang Patel, senior product marketing manager at OmniVision. “Industry experts have observed that mainstream DSC products are shifting to 16-megapixel resolutions and are offering improved image quality and optics. The OV16820 supports such offerings, allowing DSC/DVC manufacturers to provide consumers a high-resolution, feature-rich point and shoot photography experience, while the OV16825 Tesla's Model S Is Nearly Upon Us [VIDEO]High-end electric vehicle manufacturer Tesla announced the upcoming launch of its Model S four-door sedan, which should be available almost any day now. If you are one of the lucky people who ordered the luxury EV, it could arrive in your driveway as soon as June 22. |
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