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Analysts: Low iPhone growth now, but good times ahead in 2014

04/17, 10:53pm

Expected new products and updates, larger screen sizes will boost AAPL

Historically, investment and Wall Street analysts have had a poor track record predicting Apple's fortunes ahead of time. However, as Apple's guidance has gotten more accurate, and as supplier leaks and blatant manipulation of the market grow, predictions are getting more accurate. As it traditionally does, Fortune magazine has rounded up the predictions of various investment houses and independent analysts, which show slow growth in iPhones this quarter, but expectations of boosts ahead.

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AMD beats street despite $20 million net loss on the quarter

04/17, 6:24pm

$200 million payment to Global Foundries blocked quarterly profit

Beating analysts projections, AMD today announced revenue for the first quarter of 2014 of $1.40 billion, operating income of $49 million and net loss of $20 million, or $0.03 per share. Had the company not made its last $200 million cash payment to Global Foundries, it would have greatly exceeded its projections for the quarter.

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FCC limiting 2015 AT&T, Verizon bandwidth auction purchases

04/17, 6:15pm

Smaller carriers favored in auction -- 30MHz reserved

The US Federal Communications Commission Chairman Tom Wheeler has confirmed that he plans to limit how much spectrum that AT&T and Verizon can buy in the 2015 auction of bandwidth reclaimed from broadcasters. The chairman spoke out a day after AT&T threatened to boycott the auction, possibly slashing the reimbursement that the federal government would get from the auction.

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Macworld gems: The Roost MacBook stand, iMacompanion USB port

04/17, 1:23am

Charming, surprising, intriguing finds now available or coming to market soon

Continuing our look at some of the more interesting devices and services we ran across at Macworld in San Francisco last month, MacNN and Electronista staffers will periodically write about items and vendors that caught our eye at the show that we thought our readers would like to know about. Today's focus is on two successfully-funded Kickstarter campaigns: The Roost stand for notebooks, and the iMacompanion USB port from Wiplabs.

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Google misses analyst profit estimates, seeing declining growth

04/16, 4:48pm

Cost per click dropping, growth rate slowing for dominant search engine

Google today announced financial results for the quarter that ended in March. The search engine giant reported consolidated revenues of $15.42 billion for the quarter, an increase of 19 percent compared to the first quarter of 2013. Operating income in the first quarter of 2014 was $4.12 billion, or 27 percent of revenues. Earnings per share in the first quarter was $5.04 on 685 million diluted shares outstanding, compared to $4.97 in the first quarter of 2013 on 673 million diluted shares outstanding.

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Mt. Gox filing for liquidation in Japan, CEO not coming to US courts

04/16, 3:30pm

Concern about rebuilding surface, users likely to get near nothing

Bankrupt bitcoin exchange Mt. Gox has apparently abandoned its goal of rebuilding itself, and now is asking a Japanese court to allow complete liquidation. Should the Japanese court approve of the move, it will appoint a trustee which will assume control of all Mt. Gox assets from CEO Mark Karpeles. Additionally, US courts overseeing the Chapter 15 bankruptcy have been informed that regardless of judicial decree, Karpeles will not appear in court to answer questions as ordered by bankruptcy Judge Stacey Jernigan.

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Cote rules against Apple again; no dismissal on states' e-book suit

04/15, 10:00pm

Judge ignores Apple argument that states have suffered no harm

For observers in Apple's battle against the US Department of Justice over alleged e-book "price fixing," it will come as no shock whatsoever that Judge Denise Cote has ruled against the company on a connected legal matter -- but the fact that she actually cited a reasoning based in law this time may surprise some. The US District Court judge has refuted Apple's filing for a dismissal in the lawsuits brought by 33 states and territories based on the DOJ case ruling.

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Intel posts $1.9B net income; sees large drops in mobile, PC divisions

04/15, 5:29pm

Earnings mark 26 percent drop from fourth quarter

Intel Corporation today reported first-quarter revenue of $12.8 billion, operating income of $2.5 billion, net income of $1.9 billion and earnings per share of 38 cents. This is a dramatic drop from the company's fourth quarter results, with a drop of 26 percent in net income, with a drop of eight percent of the company's revenue.

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Yahoo meets muted quarterly earnings expectations, makes $312M

04/15, 4:47pm

Results see increased migration to mobile, decreasing price per ad

Yahoo has released its first quarter earnings report, with mixed successes. The company posted revenue of $1.13 billion for the first quarter of 2014, a one percent decrease from the first quarter of 2013. Net earnings for the first quarter of 2014 was $312 million, a 20 percent decrease compared to $390 million in the first quarter of 2013. However, search revenue climbed to $445 million from $425 million in the year-ago quarter. Paid clicks increased six percent, with an eight percent increase in price per click.

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Chris Beard appointed as interim Mozilla CEO, replacing fallen Eich

04/14, 6:03pm

Long time employee pinned for job, given spot on board of directors

The Mozilla foundation has selected a new interim CEO and appointee to the Mozilla corporation Board of Directors. Long-time Mozilla employee Chris Beard has been chosen for the position while a search for a permanent appointee is undertaken. Executive Chairwoman Mitchell Baker says Beard has a "vision and sense of Mozilla equal to anyone's."

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Revealed: Samsung misled investors, pundits with shipments vs. sales

04/11, 9:00pm

Company relies on conflation of sales with shipments to fool Wall Street, customers

A confidential report from Samsung dug up by Apple lawyers has -- for the second time in as many trials -- revealed that the Galaxy phone maker routinely misleads both investors and the public on its actual sales to end users, at least in the US market. The discrepancy can sometimes be large, and in Samsung's case it used those misleading figures to chip away at the iPad's "marketshare" when in fact it had not made even a modest dent.

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Charter considering ramifications of raising bid for Time Warner Cable

04/11, 1:20pm

Bid possible due to decline in Comcast stock price since merger announcement

Just a few short days after Comcast's hearing on Capital Hill, Charter Communications is said to be evaluating the notion of starting a bidding war for Time Warner Cable against Comcast. Potentially at stake are the subscribers that Comcast has promised to divest should the merger take place -- worth hundreds of millions of dollars annually.

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Macworld gems: Glowdeck smartphone dock

04/11, 1:36am

Charming, surprising, intriguing finds coming to market soon

Now that we've had time to recover from the fury of meeting so many vendors at this year's Macworld, MacNN and Electronista have had a little time to reflect on some of the products and services we saw there. Many have yet to come to market -- a running joke was the number of projects crowdfunded last summer that will be arriving in stores soon -- some have won awards, and some are just little gems we were delighted, intrigued and wowed by. First up in this ongoing series is a successful Kickstarter startup, Glowdeck.

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Rick Osterloh appointed as Motorola Mobility chief operating officer

04/10, 7:58am

Executive selected for the job, will assist in Lenovo transition

Just prior to its offload to Lenovo, Motorola Mobility has named Rick Osterloh as chief operating officer. Jonathan Rosenberg, Google's Senior Vice President of Product Management announced the appointment of Osterloh, who is replacing Dennis Woodside -- who departed to become Dropbox's first chief operating officer.

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Microsoft, Nokia gain Chinese approval for $7.2B acquisition

04/08, 6:18am

Approval from Chinese Ministry of Commerce brings purchase closer to completion

The acquisition of Nokia's Devices and Services arm by Microsoft has been given the green light by Chinese authorities, both companies have revealed. The approval by the Chinese Ministry of Commerce (MOFCOM) brings the $7.2 billion purchase one step closer to completion, and brings the total number of markets approving the deal to 16.

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Analyst: Apple could outperform consensus Q2 predictions

04/08, 12:07am

Stronger March sales could help offset weak quarter overall

Analyst Brian White of Cantor Fitzgerald, who is currently on a tour of Asia and meeting with partners in Apple's supply chain and resellers, has told investors in a memo on Monday that his sources indicate that Apple sales strengthened substantially in March, following a "soft" January and February. While still believing that sales will be down 24 percent from the holiday quarter (compared to an average drop of 19 percent), White said Apple may still "surprise" analysts -- who have been expecting revenue to be generally flat -- in its next earnings report.

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HTC posts net, operating losses in months before One M8 launch

04/07, 8:36am

Low quarterly revenues could bounce back for HTC in next quarter

HTC is continuing its trend of poor financial results, with a loss in the first quarter that was lower than expected by analysts. The latest financial release shows quarterly revenues of NT$33.12 billion ($1.09 billion), giving the smartphone producer a net loss of NT$1.88 billion ($62.06 million) and an operating loss of NT$2.05 billion ($67.75 million).

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Data: Apple CEO Tim Cook took $73.9 million in compensation in 2013

04/04, 4:06pm

Facebook's Mark Zuckerberg tops high-tech

Apple CEO Tim Cook pulled in $73.9 million in compensation during 2013, according to data compiled by USA Today. That included a $4.3 million salary, and $69.6 million in vested stock options Cook had been awarded several years ago. The figures were enough to rank Cook second among a list of best-paid Silicon Valley executives, but this year's payout was atypical for the Apple CEO.

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Report: Apple to use Micron LPDDR4 DRAM in future products?

04/03, 6:30pm

Analyst notes mystery $250M payment to buyer of Apple RAM supplier Elpida

Independent analyst Matt Margolis has reported on a mysterious $250 million payment to memory maker Micron, which in turn last summer bought out another memory manufacturing firm, Elpida, for $2 billion. Among Elpida's many customers, one in particular has a habit of being both secretive and willing to pay large sums in advance to procure supply -- Apple. If the payment is from the iPhone maker, it may be trying to lock in supplies of Micron's new LPDDR4 DRAM.

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Analyst: Expect 'modest' buyback, dividend increases from Apple

04/02, 6:22pm

Company likely to announce adjusted policies during next earnings call

Tech analyst Gene Munster of Piper Jaffray has told investors in a new memo that he expects "moderate" increases in both Apple's share-buyback program and its dividend to shareholders, likely to be announced during the company's next earnings call, scheduled for April 23. This belief, he noted, is already "priced into" shares of AAPL and is unlikely to take price any higher in and of itself. The current quarterly dividend, raised last year, is $3.05 per common share.

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Samsung CEO surrenders to India court over $1.2 million unpaid debt

04/02, 10:41am

India court alleges CEO personally responsible for supplier debt

An arrest warrant has been issued against Samsung Electronics CEO Lee Kun-hee in India. The executive must appear before a court in Ghaziabad within six weeks' time to answer charges alleged from a supplier. The executive has surrendered before the court, to answer the charges of willfully not paying the promissory note worth more than $1.4 million dollars for more than a decade.

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Yahoo reportedly in talks to acquire video service NDN for $300M

04/01, 10:45am

Acquisition could lead to YouTube competitor from Yahoo

Yahoo could be looking to acquire video service News Distribution Network for $300 million, according to a report. The acquisition, which is said to be in preliminary talks at the moment, could lead to Yahoo CEO Marissa Mayer taking on her previous employer by creating its own video sharing service similar to the currently-dominant YouTube.

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HP offers shareholder group $57 million to settle company refocus suit

04/01, 9:39am

Suit alleges shareholders were mislead about company future intentions

HP has agreed to dole out $57 million in response to a legal challenge, accusing the company's previous executives of defrauding shareholders. The claim arose when HP changed corporate direction towards services and away from hardware, and ditched the WebOS platform with abandonment of the TouchPad tablet after less than two months availability.

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Apple schedules fiscal Q2 earnings call for April 23

03/31, 7:54pm

Company may beat consensus with above-average iPhone growth

Apple has announced that it will release its Q2 results and hold its quarterly conference call with analysts on April 23 after the markets close. The company's fiscal second quarter, which just ended, is traditionally a difficult one for the company -- at least from an analyst's perspective. Sales, while still growing year-over-year and extremely robust by the standards of nearly any other company, fall precipitously from the previous holiday quarter. Apple's Q1 saw $57.6 billion in revenue, but the company guided analysts that it expects between $42 billion and $44 billion for this quarter.

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Facebook hits 1B monthly users, Instagram reaches 200M active accounts

03/26, 6:15am

Zuckerberg reveals high user counts of social network in Oculus VR conference call

Facebook has 1 billion monthly active users, an increase from 945 million in December, the company has revealed. Part of a conference call discussing yesterday's announcement of Facebook's Oculus VR acquisition, CEO Mark Zuckerberg revealed the figures for both the social network and Instagram, which has hit 200 million monthly active accounts after reaching 150 million in September last year.

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Cisco jumping into cloud computing, paying $1 billion to grow business

03/24, 10:57am

Capital investment intended to compete against Amazon, Microsoft

Networking company Cisco is commencing an initiative to enter the cloud computing industry. The giant has announced plans to launch Cisco Cloud Services, a program similar to Amazon's distributed offering, with a capital expenditure of $1 billion over the next two years.

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Microsoft, Nokia expect $7.2B acquisition to complete in April

03/24, 6:19am

Transfer of Nokia mobile phone business to Microsoft delayed by Asian regulators

The acquisition of Nokia's mobile phone business by Microsoft will take longer than previously thought, with both companies expecting to complete the $7.2 billion sale in April. While the deal has received regulatory approval in the United States and Europe, pending approvals from "certain antitrust authorities in Asia" are causing the delay in closing the purchase.

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Sprint closing 55 stores, 150 repair centers in cost-cutting scheme

03/21, 7:46am

Total of 330 technical consultants will lose jobs at Sprint

Sprint is closing a number of its stores and repair centers, in an effort to reduce its expenditure. Part of cuts revealed by Sprint in January, the SoftBank-owned carrier laid off a total of 330 technical consultants, shutting down 150 service and repair centers in the process, as well as closing 55 stores deemed to be performing under expectations.

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Autonomy CEO begs shareholders to question HP for merger details

03/19, 4:32pm

Mike Lynch pens letter, demanding HP reveal internal documents

Former chief of HP acquisition Autonomy, Mike Lynch, has fired off a missive accusing HP of misleading shareholders about his former company's accounting problems. In his letter, the executive claims that the company was smeared by HP in the days leading to HP's $8.8 billion write-down in 2012, and asked the shareholders to "help put things right."

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Individual states launch Time Warner and Comcast merger investigation

03/19, 12:15pm

Multi-state group to look at effect on broadband industry

Comcast and Time Warner Cable are facing more than just federal inspection of the merger between the pair. Reports are surfacing that Florida, Indiana, and other as-yet-unnamed states are looking at the transaction, in conjunction with the federal government effort by the US Department of Justice.

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Morgan Stanley forecast calls for 42 million iPhones in March quarter

03/19, 10:04am

Supply chain data only suggests 38 million

March-quarter iPhone sales should come in stronger than has otherwise been forecast, says Morgan Stanley analyst Katy Huberty. Using the financial firm's "Alphawise Smartphone Tracker," Huberty suggests that Apple will record 42 million iPhones, up from the 37.4 million the company sold in the same quarter last year. Alphawise is based off web search analysis, but has proven reasonably accurate in the past, for instance suggesting 50.5 million phones in the December quarter. Actual sales were about 51 million.

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Report: Apple's '$100 billon brand' highest valued in US

03/19, 1:36am

Google a distant second in brand value, separate of market cap

In a report released on Tuesday, Brand Finance compiled a list of 500 US "billion-dollar brands" and found Apple to be at the top of the pyramid, with a brand name worth an estimated $104.6 billion -- far ahead of any rivals. The value of the brand name, which is a separate valuation from things like "market cap" or total asset value, is estimated by calculating the royalty rate one would need to license the brand, along with expected future revenue.

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Acer Taiwan headquarters raided, insider trading alleged

03/18, 1:38pm

Unusual trade volume before CEO departure cited

Taiwanese officials are searching the Acer headquarters as well as homes of some employees in an ongoing insider trading investigation. Ten people, some of whom are Acer employees, were arrested in the probe, and are being questioned by the New Taipei District Prosecutor's Office in conjunction with the investigation, suspected of violating the Securities and Exchange Act of the country.

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Xbox chief product officer Marc Whitten leaves for Sonos position

03/18, 12:37pm

Exits Microsoft Xbox unit after 14 years, three console launches

Marc Whitten, the long-time chief product officer for Xbox at Microsoft, is leaving the company, the software giant has revealed. Whitten is departing to take on the same role of chief product officer at home audio device manufacturer Sonos, leaving Microsoft executive vice president Terry Myerson to temporarily take over the Xbox position while the company searches for a replacement.

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Cable industry losing video subscribers to Verizon, AT&T, cord cutting

03/18, 11:46am

Report notes six percentage point drop on cable company market share

According to data collated by the Leichtman Research Group, Comcast and Time Warner Cable are suffering under the weight of the economy and the "cord-cutting" movement. In 2013, Comcast lost 305,000 subscribers, with Time Warner Cable shedding 825,000. Combined, the pair will have 33.1 million customers, approximately two-thirds of the US cable company market.

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Needham: iPad's rise has not cannibalized Mac education sales

03/17, 7:36pm

Study notes US education sales now up over $1B per quarter

Analyst Charlie Wolf of Needham and Company has focused on Apple's success in the education market in his latest note to investors. Pointing out that the company recently achieved EDU segment sales of over $1 billion per quarter, Wolf notes that Mac sales have held steady over the past seven years, including post-2010 when the iPad was introduced and became an extremely popular educational tool, eating into sales of other PCs.

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Google+ Hangouts, Sheets, Chat down through Monday afternoon

03/17, 2:01pm

Majority of Google services remain unaffected

Users have discovered outages in some Google services. At noon ET, Google+ Hangouts, Google Sheets, and Google Talk were all inaccessible by most users worldwide. Google has since restored access to all three, with restoration times around 3PM EST for each with no other comment or discussions on the matter. The outage did not appear to affect Google's search engine or other services.

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GoDaddy allegedly moving to make second attempt at IPO

03/17, 1:00pm

First attempt in 2006 failed due to unfavorable market conditions

According to sources familiar with the matter, domain name registrar GoDaddy is preparing for an initial public offering. Reportedly, the company is interviewing banks, who ultimately would lead to the underwriting of the IPO with a goal of trading commencing in the second half of 2014. Adding weight to remarks from the CEO from 2013 saying that an IPO was possible in 2014, GoDaddy seems to be primed to have a growth in profits. According to reports at the turn of the new year, GoDaddy's revenues are expected to climb nearly 10 percent in 2014.

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Google acquires Green Throttle Games for staff, technology

03/12, 9:19am

Gaming acquisition could help rumored Google set-top box

Google has acquired the remnants of Green Throttle Games, four months after the service closed to its users. Portions of the company have been bought by the search giant, though terms of the deal remain undisclosed by either side, with the purchase potentially being a sign that Google is becoming more serious about making a set-top box.

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Comcast lobbyists funding 87 percent of TWC merger oversight officials

03/11, 12:15pm

Four committees have vast majority of members with Comcast funding

Comcast is scheduled to appear before Congress to defend its proposed $45 billion acquisition of Time Warner Cable. Records have recently been uncovered that show Comcast's political action committee having given contributions to 15 of 18 Senate Judiciary Committe members, and 32 of 39 members of the House Judiciary Committee. Both committees have scheduled hearings regarding the merger, and can allow -- or prevent -- the buyout from happening.

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Sprint CEO confirms desire to buy T-Mobile in television interview

03/11, 9:34am

Deal likely to be halted by US regulators, but effort will be made anyhow

In a television interview with PBS's Charlie Rose, Sprint chairman Masayoshi Son declared that he was interested in buying T-Mobile. Citing "steps and details" that have yet to be negotiated, the executive claimed that he "would like to have the real fight, OK? Not the pseudo fight, the real fight" with competitors AT&T and Verizon.

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Verizon CFO advises against abandoning smartphone subsidies

03/11, 7:38am

Installment plans, recent price plan changes not worrying Verizon

Offering customers smartphone subsidies should not be abandoned by carriers, the Chief Financial Officer of Verizon has advised, with other aggressive promotional strategies apparently being viewed in a similar way. Speaking at a Deutsche Bank technology conference, Fran Shammo suggests carriers should not keep attempting to undercut their opponents in an effort to gain more subscribers, claiming "We're not going to buy customers. You have to earn customers."

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Twitter paid $36 million to IBM for 900 patents in January

03/07, 11:03am

Patent purchase to end legal dispute leaves Twitter with 956 patents in total

Twitter paid a hefty sum to acquire a collection of patents from IBM, a Securities and Exchange Commission filing reveals. The January payment, which saw Twitter take ownership of 900 patents, was worth $36 million and also ceased the legal action brought against the micro-blogging firm for alleged patent infringement, though it will certainly not be the last it faces.

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Pixelworks reveals Apple as major client, sees stock surge

03/06, 12:07pm

May be supplying tech related to Retina displays

A company specializing in image processing semiconductors and software, Pixelworks, has revealed itself as an official Apple supplier through a new filing with the SEC. In 2013 Apple is said to have accounted for more than 10 percent of Pixelworks revenue. The news has sent the latter company's share price surging, boosting it by about 53 to 54 percent in Thursday trading, or more than $2.58 per share.

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Apple hands six executives stock grants worth over $19M per person

03/06, 10:50am

Majority of shares due to vest in three intervals through 2018

Newly-published SEC filings reveal that on Wednesday, Apple awarded six top executives 35,780 restricted stock units each. Recipients include senior VP of Operations Jeffrey Williams; general counsel Bruce Sewell; senior VP of Worldwide Marketing Phil Schiller; senior VP of Hardware Engineering Dan Riccio; senior VP of Software Engineering Craig Federighi; and finally, senior VP of Internet Software and services Eddy Cue.

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Report: Apple dodged taxes on $8.9B in Australian profits

03/06, 1:00am

Practice is perfectly legal, admits government, but abused

Apple's practice over the past decade of funnelling all of its foreign profits through its international sales office in Cork, Ireland has allowed it to skip out on taxes in some other countries on billions of dollars in profits, according to an audit done by the Australian Financial Review. In Australia, Apple has paid only $200 million on ten years' worth of profits, totally nearly AUS $9 billion, the report said.

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Dish Network sweeps 1,900MHz FCC auction, pays $1.6 billion

03/04, 10:35pm

Move likely used to bolster nationwide cell offerings by Dish

The first round of FCC wireless bandwidth auctions has concluded, with the Dish Network purchasing all of the 1,900MHz license nearly uncontested. With nearly no competition, Dish shelled out $1.6 billion for the acquisition under the cover of a shell company, as expected.

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Rumor: Intel acquires Basis Science for $100-$150M

03/04, 7:58am

Health tracker manufacturer reportedly bought by Intel

Intel has picked up health tracker producer Basis Science, beating off competition from Apple and Google, according to a report. The acquisition, yet to be confirmed by either company, is said by multiple sources to be worth $100 million or $150 million, and extends Intel's wearables portfolio from the SD card-sized Edison computer and the combined headset and smartphone combination known as Jarvis.

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Microsoft decks continue to clear, two more executives headed out

03/03, 5:51pm

Nadella calls leadership consolidation 'go-forward approach'

Adding to a previous shuffle, Microsoft has made public a pair of high-profile executive departures as new CEO Satya Nadella takes the helm of the company. Tony Bates, the ex-CEO of Skype, and Chief Marketing Officer and Executive Vice President of Marketing Tami Reller will be "pursuing other interests outside the company."

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Apple CFO Peter Oppenheimer takes seat on Goldman Sachs board

03/03, 11:14am

Joins controversial financial firm

Apple's chief financial officer, Peter Oppenheimer, has joined the board of directors for financial firm Goldman Sachs, according to the latter's website. The appointment won't affect Oppenheimer's status at Apple, but is somewhat unusual in that the position isn't related to product interests. CEO Tim Cook, for example, is the on the Nike board; Internet head Eddy Cue is on the board of Ferrari, which was recently announced as a CarPlay partner.

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