NEW YORK (AP) - Shares of Glu Mobile sold off Friday after Zynga Inc., another online games developer, slashed its guidance. But one analyst says Glu should benefit from Zynga's problem: Gamers' shift from computers to phones.
Shares of Zynga fell 17 percent Friday afternoon after the "
NEW YORK (AP) - Troubled Zynga's stock traded near its lowest level ever Friday after the online game maker behind "FarmVille" forecast a third quarter loss amid weak demand for its Web-based games. It's also taking a hefty charge related to its March acquisition of mobile game company
NEW YORK (AP) - A Sterne Agee analyst became the latest to bemoan Hewlett-Packard's tough road ahead Friday, downgrading the PC maker in the aftermath of its weak outlook.
HP's CEO Meg Whitman told analysts Wednesday that internal company turmoil and the weak economy will cause HP's
By YOUKYUNG LEEAP Technology Writer
SEOUL, South Korea (AP) - Samsung Electronics Co. forecast another record quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders.
The guidance for Samsung's third quarter earnings showed it
NEW YORK (AP) - Moody's Investors Service on Thursday placed its long-term credit ratings for Hewlett-Packard Co. on review for a possible downgrade after the technology company issued a disappointing forecast for the coming year.
HP's CEO Meg Whitman told analysts Wednesday that internal
EDEN PRAIRIE, Minn. (AP) - Data-center services company Datalink Corp. lowered its outlook for third-quarter revenue and net income on Thursday saying its customers remain wary of making large capital outlays in the uncertain economy.
Its stock shed 16 percent in after-market trading on the news.
NEW YORK (AP) - Zynga Inc., the maker "FarmVille" and other online games, expects a loss for the third quarter due to weak demand for some of its titles. It's also taking a charge related to its acquisition of OMGPop, a mobile game maker, which it bought for $183 million in March.
By PETER SVENSSONAP Technology Writer
NEW YORK (AP) - Cisco Systems Inc. hasn't had a president since CEO John Chambers gave up the title in 2006. Now, as the company thinks about a successor to the long-serving CEO, it's appointing two presidents - twice the number most companies have
NEW YORK (AP) - Shares of Barnes & Noble rose on Thursday as the bookseller and Microsoft sealed the deal on their partnership, a new Barnes & Noble subsidiary for the Nook e-book reader and digital library.
THE SPARK: Barnes & Noble gets $300 million from Microsoft Corp. in exchange
By MICHAEL LIEDTKEAP Technology Writer
SAN FRANCISCO (AP) - Google and major book publishers have settled a lengthy legal battle over digital copyrights, but a bigger dispute still looms with thousands of authors who allege that Google is illegally profiting from their works.