Posts Tagged ‘stock’

Apple’s ‘iSlate’ and other rumors that have given its stock a holiday boost

Posted by: Gadget Boy in Gadget News, Technology on December 26th, 2009

The Apple tablet rumors are at a fever pitch, yet again. Depending on what you've read, it's all but confirmed that the company's got a January 26th event scheduled at Yerba Buena Center for the Arts (YBCA) in San Francisco, CA. All this, of course, with nary a word or comment from Cupertino HQ, and without the context that this trend has come and gone ad nauseam, both with the tablet and before with the years of lead-up to the iPhone. Here's the latest bit: MacRumors has dug up information about a Delaware-based company, Slate Computing, LLC, that was founded in November 2006 and owns the trademark "iSlate," the signatory of said trademark being Apple's Senior Trademark Specialist Regina Porter. Given that Apple owns "iSlate" trademark in Europe and that the it's allegedly pulled similar stunts with a "fake" company and the iPhone trademark, sure, we could buy into this being just a dummy corporation... but does it really confirm an impending tablet that'll be called the "iSlate?" Not at all. We wouldn't be surprised if Apple has done this for numerous other trademarks, either to give itself more options or to prevent others from trying to manufacture products under those names. (Slate Computing, LLC also happens to own the "Magic Slate" trademark, just so you know.) Also bought up in 2006? The domain iSlate.com, which again according to MacRumors was apparently and briefly shown to be owned by Apple at some point during 2007. Food for thought, but trust us, you don't want to confuse hearsay for concrete fact.

Which brings us to December 24th, where we see a statistically significant uptick in Apple's stock value. Seeing as the fiscals were released back in late October along with the last refresh of hardware (Mac Pro specs notwithstanding), it seems everyone decided to spend their holiday bonuses on some Apple shares. Now, we're not claiming to be professionals here by any stretch of the imagination, but it seems a lot of the activity here can be attributed to the recent flux of rumors. Jason Schwarz of The Street has an interesting take on it, which if you've got 15 minutes to kill should be worth your time to browse through.

Apple's 'iSlate' and other rumors that have given its stock a holiday boost originally appeared on Engadget on Sat, 26 Dec 2009 13:36:00 EST. Please see our terms for use of feeds.

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Godfather of Spam Sentenced to Four Years in Jail [Spam]

Posted by: Gadget Boy in Gadget News on November 24th, 2009

A Detroit judge sentenced Alan Ralsky, a spam mastermind who headed an elaborate international organization, to 51 months in prison. Ralsky was convicted of wire fraud, mail fraud and violation of the CAN-SPAM act for his schemes.

Ralsky and his cohorts netted millions from pump and dump stock scams which were bolstered by their spamming. The spammer plead guilty in June along with his son, who was sentenced to 40 months in jail. Unfortunately for him, I don't think that this Godfather's status affords him lobster dinners in the slammer. [Ars Technica]




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Remainders – Stuff We Didn’t Post (and Why) [Remainders]

Posted by: Gadget Boy in Gadget News on November 14th, 2009

Apple Issues Update for Current-Gen iPod Nano…Barnes & Noble Giftcards Won’t Buy Ebooks, Screwing Some Nook Pre-Orderers…Dell Mini 3 Officially Launched in China…Palm Stock Skyrockets After Nokia Takeover Rumor…

Apple Issues Update for Current-Gen iPod Nano

Apple quietly issued a firmware update for its newest, video-taking iPod Nano, and it’s pretty minor but does fix a few problems. Audio podcasts can now be played back in Normal, Slow or Fast modes, and a few random bugs were patched (Nike+ integration, mono audio, VoiceOver). It’s in Remainders because it really is a minor update—we wouldn’t even bother with it except the Nano is such a ridiculously huge seller. [TUAW]

Barnes & Noble Giftcards Won’t Buy Ebooks, Screwing Some Nook Pre-Orderers

Apparently Barnes & Noble’s giftcards will buy you everything B&N sells—except ebooks. It’s an inexplicable and irritating omission, but what makes it really rankle is that nobody seems to know about it, even those who work at the stores. Check out this story:

My wife and kids pre-ordered a nook for my birthday at our local B&N. The sales person also sold her a $100 gift card to “get my eBook collection started.” When I tried to purchase a few books, I found out that gift cards can’t be used on eBooks.

What a dick move! We’re going to assume ignorance on B&N’s part, but this is sloppy stuff, especially given our proximity to the holidays—their giftcards are incredibly popular and this will not be an isolated incident. Get it together, B&N. [Consumerist]

Dell Mini 3 Officially Launched in China

The Android-running Dell Mini 3 smartphone officially began its launch sequence today. It’s been shipped out to sellers in China today, for release later this month, with a Brazil release to follow later this year. In early 2010 it should hit AT&T and Verizon—we’ll see if we care by then. It’s a noticeably low-key release, considering it’s the first handheld in years from Dell, but it ends up in Remainders due to its current China-only status. [Electronista]

Palm Stock Skyrockets After Nokia Takeover Rumor

Palm stock skyrocketed today, with trading over 15 times heavier than normal, due to an odd rumor that Nokia would be buying the company. It doesn’t really make any sense to us—Nokia is really unlikely to be purchasing a competitor to its Symbian line, and buying the beleaguered Palm would be a weird way to try to make gains in the US market. This one plops into Remainders because it’s both unlikely and mere financial news, which isn’t really that exciting. [Electronista]








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Ex-AMD CEO Hector Ruiz steps down as Globalfoundries chairman amid insider trading scandal

Posted by: Gadget Boy in Gadget News on November 2nd, 2009

We won't dive back into all the backstory that led to former AMD CEO Hector Ruiz's current troubles as the chariman of AMD spin-off Globalfoundaries, but let's just say that when your name is in the same sentence as "insider trading scandal" and "hedge fund probe," you're probably in a pretty bad way. While this story is obviously still far from over, it looks like Ruiz has at least realized the gravity of his predicament, and announced today that he's taking a "voluntary leave of absence" before formally resigning from the company on January 4th, 2010. He'll be replaced immediately by former Broadcom CEO Alan "Lanny" Ross, who will serve as interim chairman until the company's board appoints a permanent chairman.

[Via GigaOM]

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Ex-AMD CEO Hector Ruiz steps down as Globalfoundries chairman amid insider trading scandal originally appeared on Engadget on Mon, 02 Nov 2009 11:59:00 EST. Please see our terms for use of feeds.

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Ex-AMD chief Hector Ruiz caught up in insider-trading scandal

Posted by: Gadget Boy in Gadget News on October 28th, 2009

Hector Ruiz certainly led a checkered career as CEO of AMD, earning the highest CEO salary in the semiconductor industry as his company's stock dropped, its products dragged, and its fortunes sank, but the man didn't stop there -- it turns out he was also involved in a little illegal insider trading on the side. According to the Wall Street Journal, Ruiz is the heretofore unnamed AMD executive who illegally tipped off an investor at the Galleon Group hedge fund about the company's big spinoff of Globalfoundries, ultimately leading to criminal and civil charges against Galleon and six of its employees. Ol' Hec's currently in the clear, as he hasn't been charged with anything, but considering he's now the CEO of Globalfoundries, well, let's say things are about to get a little sticky. We'll let you know -- we've got a feeling Gizmondo's Stefan Eriksson is going to look like small potatoes when this is all over.

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Ex-AMD chief Hector Ruiz caught up in insider-trading scandal originally appeared on Engadget on Tue, 27 Oct 2009 20:11:00 EST. Please see our terms for use of feeds.

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Netflix hints at Watch Instantly integration on ‘already-popular device’

Posted by: Gadget Boy in Gadget News on October 24th, 2009

Microsoft's Xbox 360 may call itself the only console to stream Netflix, but all that could be changing -- and soon. As Netflix continues to pull in new subscribers (and cash flow) like it's no big deal, the company is apparently looking to spread its wings even further by integrating its wildly popular Watch Instantly feature into "a device already owned by a large number of consumers." Naturally, the most fitting candidates for that would be Sony's PlayStation 3 or Nintendo's Wii, though the company has yet to come forward with anything concrete. Just so know you, Netflix credits the Xbox 360's streaming integration as the main reason some 2.4 million customers have signed up since late 2008, so it's more than apparent that it loves the game console. Any bets for when this will go down, or are you just plugging your ears in order to avoid potential disappointment?

[Via Joystiq]

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Netflix hints at Watch Instantly integration on 'already-popular device' originally appeared on Engadget on Sat, 24 Oct 2009 17:04:00 EST. Please see our terms for use of feeds.

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Apple Stock Hits All-Time High, Flouts Recession [Apple]

Posted by: Gadget Boy in Gadget News on October 22nd, 2009

Apple's stock has hit a personal high for the company at $205.04 per share, up from its previous high of $202.96 back in 2007. The company's overall value is rated at $183 billion (Microsoft is $236 billion, in comparison). [BusinessWeek]




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Nokia posts $834 million quarterly loss, smartphone share down to 35%

Posted by: Gadget Boy in Gadget News on October 15th, 2009


Nokia just posted a net loss of 559 million euro (834 million dollars) for the third quarter -- its first quarterly loss in a decade according to the AFP. The loss comes after a reported 20% drop in sales and 1.17 billion euros in write-downs, mostly for impairment charges on Nokia Siemens Networks. Nokia also said that its smartphone market share dropped to 35% versus 41% in the previous quarter. With fierce competition from Apple and RIM, and Palm just launching its Pre into Nokia's European stronghold, well, it's a good thing Nokia's branching out into untapped markets like single-core Atom-based netbooks.

Read -- Smartphone slip
Read -- First loss in a decade
Read -- Nokia Q3 statement

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Nokia posts $834 million quarterly loss, smartphone share down to 35% originally appeared on Engadget on Thu, 15 Oct 2009 08:12:00 EST. Please see our terms for use of feeds.

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