All Posts Tagged Tag: ‘Financial’

LinkedIn IPO Rumored For This Year

By all accounts, private shares of Facebook are incredibly popular, with wealthy investors causing a virtual stampede over who will get to buy them through Goldman Sachs.  It’s a good bet that there will be widespread interest if/when Facebook goes public, too.  So to avoid being overshadowed, LinkedIn may IPO this year.

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Analyst Says Amazon To Earn $100B In Revenue In 2015

Everyone awed by Facebook’s $50 billion valuation may want to break away for at least a moment to consider Amazon’s future.  An analyst with Morgan Stanley has predicted that Amazon will generate an impressive $100 billion in revenue in 2015.

To put that in perspective: Amazon reported $7.56 billion in revenue during the third quarter of 2010, $6.57 billion during the second quarter, $7.13 billion during the first quarter, and $9.52 billion during the fourth quarter of 2009 (totaling $30.78 billion), so $100 billion in a single year will represent a huge increase.

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Facebook Raises $500 Million At $50 Billion Valuation

It’s a happy new year indeed for Mark Zuckerberg and everyone with financial ties to Facebook.  Goldman Sachs and Digital Sky Technologies have invested $500 million in the company, according to a new report, and in doing so, valued it at $50 billion.

A couple points of reference: it was only 38 months ago that Microsoft drew laughter by paying $240 million for a 1.2 percent stake in Facebook, valuing it at $15 billion.  And Yahoo and eBay just have market caps of about $21.7 billion and $36.3 billion, respectively.

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Hudson Square Research Labels Google, Yahoo “Buys”

Anyone who’s looking to invest a little Christmas money might want to listen up.  While we’re neither backing nor attacking this advice, Hudson Square Research has initiated coverage on Google and Yahoo, labeling them both a "buy" and setting price targets significantly above the stocks’ current prices.

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Groupon Continues to Grow at Funding, Valuation, and Geographical Levels

Groupon has reportedly closed a new round of funding at $950 million. According to Michael Arrington at TechCrunch, who cites "a source with knowledge of the financing," Groupon is now valued at $4.57 billion.  Update: Arrington is now saying they have only closed half of that funding. 

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Rumor Ties Facebook, Twitter To SEC Inquiry

Don’t look for employees at these companies to break out shredders – or even break a sweat – quite yet, but the Securities and Exchange Commission might be curious about certain details related to Facebook, LinkedIn, Twitter, and Zynga.  Unconfirmed rumors indicate the SEC is looking into their privately traded stock.

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Groupon Appoints Amazon Exec CFO

The company that supposedly turned down a $6 billion acquisition offer from Google has now given another sign that it has some very interesting financial plans.  Groupon announced today that it’s secured Jason Child, a high-ranking exec at Amazon, as its chief financial officer.

Child held the title "Vice President of Finance" for Amazon’s international business prior to this move, and that role put him in within a department worth about $14 billion.  So Child has valuable experience with large, public companies that operate in more than one country.

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Yahoo Puts Pre-Tax Cost Of Layoffs At $33-$38 Million

Shareholders may grumble, but there’s perhaps a bit of good news regarding the four percent of Yahoo’s employees who were laid off last week.  Yahoo’s calculated the pre-tax cost of the layoffs at somewhere in the neighborhood of $35 million.

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Hulu Attributes Unexpected Revenue Growth To Hulu Plus

Early reviews of Hulu Plus weren’t too favorable, with most folks coming to the conclusion that Netflix was a better deal.  The newer service has cut its price and improved its content selection, however, and as a result, apparently caught on to the point that it helped Hulu earn an unanticipated $20 million.

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Report: Facebook’s 2010 Sales Revenue May Hit $2B

Less than 24 hours after Twitter raised $200 million in funding at a valuation of $3.7 billion, there’s good news about Facebook on the financial front, as well.  A report’s claimed that Facebook will pull in a whopping $2 billion in sales revenue this year.

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Twitter Raises $200M In Funding At $3.7B Valuation

For most people with a financial interest in Twitter, these are going to be some happy holidays indeed.  The company’s confirmed a new round of funding, and reports indicate that it raised $200 million at a valuation of a stunning $3.7 billion.

Dick Costolo confirmed on the Twitter Blog that Kleiner Perkins Caufield Byers was, as had been rumored, the leading force behind this round.  Then other "existing investors" participated, too, according to Twitter’s new CEO.

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Morgan Stanley Raises Google Price Target By $30

Global financial services firm Morgan Stanley has a lot of confidence in Google.  This morning, the organization added Google to its "Best Ideas" list, and also upped its price target on the search giant by an impressive $30.

That second change takes the price target Morgan Stanley’s established from $700 to $730 and signals some high expectations.  Google’s stock was at $578.36 this morning before the market opened, meaning the $700 target already required an increase of 21.0 percent.

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Report Indicates DST Won’t Lead Twitter Funding Round

Digital Sky Technologies, the Russian investment firm that’s pretty well poured money into Facebook (and also funded Groupon and Zynga), apparently won’t be providing Twitter with any cash in the near future.  A report’s indicated that Kleiner Perkins will instead be the organization leading a new round of funding.

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Google Visualizes U.S. Budget Data with Public Data Charts

Back in March, Google launched a Google Labs experiment called Public Data Explorer. In the time since its launch, the company has used it to visualize data from the Census Bureau, Energy Information Administration, Bureau of Labor Statistics, and Bureau of Economic Analysis. 

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Facebook’s Valuation Hits $50 Billion On Private Market

While this pronouncement may be a little early, it looks like Facebook investors are in for a very merry Christmas indeed.  The value of the company’s stock has continued to rise on the private market, and the company’s now supposed to be worth a whopping $50 billion, up from $41 billion earlier this month.

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Verdict: SAP to Pay Oracle $1.3 Billion

Oracle is reportedly being awarded $1.3 Billion from SAP, as the result of a jury’s verdict following an 11-day trial. The case dates back to 2007 when Orcale sued SAP for illegal downloading of its software for resale to Oracle customers, by TommorowNow, a company SAP acquired in 2005. 

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Report: Facebook Tops eBay In Value

A certain social network may now trail only Google and Amazon in value when it comes to American Web companies.  Facebook’s privately traded shares have apparently appreciated to the point that the organization’s passed even eBay.

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Priceline Smashes Q3 Earnings Expectations

William Shatner is due a raise, a bonus, or both.  This afternoon, Priceline – which has wisely used Shatner as its spokesman for years – posted its third-quarter earnings report, and it seems the company has lots more money to spread around than analysts expected.

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Investors Show Support For Yahoo-AOL Deal

Starting late yesterday, a fresh round of rumors began to circulate about a possible Yahoo-AOL deal.  Then other sources and experts denied that anything’s taking place.  But investors still seem to be excited about the concept, sending Yahoo and AOL’s stocks up a significant amount in early trading.

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New York: Where It’s At for Startups?

It’s an interesting time to launch a startup, which is why you see so many popping up all the time. Word from ad:tech NY is that New York has become the ideal place to start up a startup. "It’s a lot easier and cheaper to start a companies these days," says Linda Gridley, of investment banking firm Gridley & Company. "There’s just a ton of innovation going on."

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AOL Achieves Big Q3 Profits

Earlier this morning, AOL delivered its third-quarter earnings report, and while there were significant problems, the company was able to impress investors.  AOL’s stock is now up 6.05 percent, which is more than a decent way for it to start the day.

That increase is in part due to the fact AOL was able to report $563.5 million in total revenue, even though analysts thought the company would just report $557.0 million.  Also, thanks to the sale of Kayak and ICQ, AOL managed to report $171.6 million in profit – a 132 percent year-over-year jump.

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Microsoft Chalks Up Win With Earnings Report

The three-month period ending September 30th – which Microsoft almost inexplicably refers to as the first quarter of its 2011 fiscal year – was good to the company.  Microsoft shared its earnings report this afternoon, and it beat analysts’ estimates by a large margin.

The consensus estimate regarding revenue, for example, was $15.8 billion.  Microsoft reported $16.2 billion, instead.  Then, in terms of earnings per share, Microsoft was able to report $0.62 instead of $0.55.

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Google Finance Now Lets You Sign In With Multiple Accounts

Google has added multiple sign-in to Google Finance. This means users can now use more than one Google account in the same browser session to access Google Finance. 

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Rumor: Apple Vying to Acquire Sony

Sony shares took an upswing as rumors began to swirl that Apple was vying to acquire the company. Reuters reported, from a Barron’s report, that Apple was interested in Adobe, Disney or Sony as their potential targets.

Would acquiring Sony be a good move for Apple? Your thoughts.

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PayPal Names New CFO

The service that provides eBay with a good chunk of its revenue now has a new chief financial officer.  eBay announced today that Patrick Dupuis, formerly of contact center outsourcing specialist Sitel, is taking the CFO position at PayPal.

If that seems like an odd career path, the fact that BJC Healthcare, a nonprofit healthcare organization, employed Dupuis prior to Sitel may send your eyebrows even higher.  Dupuis did serve as CFO at both those outfits, however.

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Iffy Forecast Overshadows Positive Earnings For Amazon

This afternoon, Amazon delivered its third quarter earnings report, and just about everything pertaining to the period ending September 30th was positive.  Unfortunately for Amazon, shareholders are sending the stock lower in after-hours trading due to lower margins and concern about the fourth quarter.

We’ll start with the good news, at least.  Amazon reported $7.56 billion in revenue versus estimates of $7.35 billion.  Earnings per share hit $0.51, too, rather than $0.48.

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Influential VC Firm Creates $250M Social Fund

Entrepreneurs who are interested in creating social apps and services may be in luck.  This afternoon at Facebook’s Palo Alto headquarters, venture capital firm Kleiner Perkins Caufield & Byers announced the creation of the $250 million sFund Initiative designed to assist some individuals.

Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Zynga’s Mark Pincus, and Comcast’s Brian Roberts were all on hand to lend support (along with John Doerr and Bing Gordon of KPCB), which may be an interesting sign of the sFund Initiative’s importance.

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eBay Beats Forecasts, Sees Stock Jump

This afternoon, eBay delivered its third quarter earnings report, and it’s a good bet that the company was eager to do so.  eBay beat analysts’ forecasts for the third quarter, gave better-than-expected guidance regarding the fourth quarter, and also discussed an interesting stock buyback program.

Let’s start with the third quarter results.  eBay managed to report earnings per share of $0.40, which is a significant improvement compared to the $0.37 analysts predicted.  It also earned $2.25 billion in revenue rather than the expected $2.18 billion.

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Yahoo Delivers Passable Earnings Report

The third quarter was not unkind to Yahoo, judging from a just-released earnings report.  Yahoo managed to meet or beat analysts’ forecasts in most respects, and its stock is now heading up in after-hours trading as a result.

To hit the highest notes first: Yahoo reported earnings per share of $0.29, which is great compared to the $0.13 it reported in the third quarter of 2009 and compared to predictions of $0.15.  (This was possible because the sale of HotJobs contributed $0.13 to the Q3 2010 total.)

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Android Passes iPhone in Revenue on Major Ad Network

Millennial Media, which claims to have the largest data set of any third-party U.S. mobile ad network,  reports that Android revenue exceeded iPhone-only revenue for its network. Android requests grew by 26% from the previous month,and 1283% since January. 

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Apple Posts Highest Revenue of All Time

Apple released its financial results today, for its fiscal 2010 fourth quarter (ending 09/25). As you might’ve guessed, they weren’t bad. The company posted record Mac, iPhone and iPad sales, and its highest revneue and earnings ever. 

Apple posted $20.34 billion in revenue and net quarterly profit of $4.31 billion ($4.64 per diluted share). This is compared to revenue of $12.21 billion and net quarterly profit of $2.53 billion for the same period last year. Gross margin was 36.9% compared to 41.8% last year. 

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Google’s Stock Recaptures $600

A whopping 277 days have passed since the last time Google’s stock closed above $600, a fact of which we’re sure at least a few shareholders were all too aware.  But fortunately for both investors and the company itself, Google’s now reset the clock, closing above $600 again today.

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Google Trounces Earnings Report Forecasts

It’s time again for Google’s shareholders to toss some confetti and raise glasses of not-particularly-cheap champagne.  The search giant released its third quarter earnings report this afternoon, and it beat analysts’ forecasts by an impressive amount.

Google was supposed to report a net revenue figure in the neighborhood of $5.25 billion.  Instead, the company was able to report $5.5 billion.  Then it scored an even bigger victory in terms of earnings per share, managing to generate $7.64 rather than $6.67.

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Barclays Trims Microsoft Price Target

Today’s big financial event will be Google’s third quarter earnings report.  Or perhaps Yahoo’s wild ride due to acquisition rumors.  But there’s also news concerning Microsoft, as respected investment bank Barclays Capital has lowered its price target on the company’s stock.

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Facebook Slaps $2,500 Fee On Stock Sales

Facebook CEO Mark Zuckerberg may be growing tired of having outsiders buy up small pieces of his company.  Today, there’s word that Facebook has imposed a rather steep fee on private market stock sales.

Consider for a moment that E*Trade’s standard fee for a stock or options trade is $9.99.  There’s even a sort of bulk discount if you exceed 150 trades per quarter, making the per-transaction fee $7.99.

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Jefferies Raises Google Price Target

There are three days to go until Google announces its third quarter financial results, and this morning, the search giant benefited from another show of support.  Jefferies & Co. analyst Youssef Squali raised his price target.

Squali now believes Google’s capable of hitting $680, as opposed to just $660 (his previous price target).  For reference, Google’s stock is currently hovering around $541, so that would represent a nice increase of about 25 percent.

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Rumor: Hulu IPO Possible Early Next Year

It’s possible that we’re at last digging out of the recession, given that the Dow’s flirting with 11,000 today.  It’s possible, too, that the people behind Hulu are ready to take advantage of this fact, as a new rumor indicates the company could go public early next year.

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Now You Can Deposit Checks Into PayPal With Your iPhone

Update: As far as availability, PayPal tells us, "Mobile Check Capture is currently available in the US only. The underlying technology that makes this possible is based on legislation passed by US Congress in 2004 as a result of the 9/11 attacks. The legislation, called "Check Clearing for the 21st Century," or "Check 21," gives US financial institutions the opportunity to clear checks using imaging technology rather than transporting the paper itself.

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Facebook Announces 5-For-1 Stock Split

For reasons that remain unknown – and are quite hard to guess at, for that matter – Facebook has split its private market stock.  More specifically, the company announced this afternoon that it’s conducting a 5-for-1 split.

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AOL Acquires Thing Labs and Brizzly

AOL has acquired Thing Labs, makers of Brizzly. Brizzly is a social media reader that lets users view and post updates to Twitter and Facebook., see photos and watch videos.

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Facebook Investor Rules Out 2011 IPO

Would-be Facebook investors will have to wait a while before the company has a ticker symbol like GOOG, MSFT, and YHOO.  Peter Thiel (re)confirmed this afternoon that Facebook won’t go public until 2012 at the earliest.

Bloomberg reported the same thing in July, meaning this isn’t exactly breaking news, but there is a difference between three anonymous sources and Thiel.  Thiel’s about as close to Facebook as anyone other than Mark Zuckerberg can get.

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IBM Acquires Blade Network Technologies

IBM announced that it has entered an agreement to acquire Blade Network Technologies, a company specializing in software and devices for data and transaction routing.  

Blade provides blade server and top-of-rack switches as well as software to virtualize and manage cloud computing and other workloads. It counts over half of Fortune 500 companies among its customers. 

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Study: State CISOs Lack the Funding for Data Protection

Deloitte and the National Association of State CIOs (NASCIO) are sharing the results of a joint Cyber Security Survey, finding that State Chief Information Security Officers (CISOs) lack the funding, programs, resources and tools to adequately protect their citizens’ data, especially when compared to their counterparts who serve private sector enterprises.

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Zuckerberg 35th Richest Person in America, and Facebook Credits/Phones Just Getting Started

Facebook CEO Mark Zuckerberg has reached number 35 on the Forbes 400 List of Wealthiest Americans. Forbes has him estimated at $6.9 billion, ahead of even Steve Jobs, who is valued at $6.1 billion. 

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IBM to Acquire Netezza for $1.7 Billion

IBM announced it is acquiring Netezza at $27 per share or approximately $1.7 billion, to expand its business analytics initiatives.

Netezza provides analytics in a data warehousing appliance. IBM says that the combined strengths of the companies are a "key differentiator at a time when organizations of all sizes are looking to gain more insight from their business information."


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Intel Capital Invests $30 Million in 4 Tech Companies

Intel announced today that its investment arm, Intel Capital, has invested $30 million in four U.S. tech companies. These are Adaptive Computing, Ciranova, Joyent, and Nexant. 

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HP Acquiring ArcSight for $1.5 Billion

HP announced today that it has signed a definitive agreement to acquire ArcSight, a security and compliance company, for $1.5 billion at $43.50 per share. There were rumors of the acquisition going around over the weekend, but the companies have now made it official. 

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AT&T Announces Addition to Dow Jones Sustainability Index

AT&T announced that it is being added to the 2010 Dow Jones Sustainability Index North America, effective September 20. The index looks at corporate, economic, environmental and social performance, and tracks the performance of the top 20% of the 600 biggest North American companies in the Dow Jones Global Total Stock Market Index in terms of sustainability.

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Google’s Latest Investment: Affordable Housing

U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank, announced it will manage an $86 million Low-Income Housing Tax Credit (LIHTC) fund for Google.

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Google Launches Google Finance Android and iPhone Editions

Google has launched a new mobile version of Google Finance for Android and iPhone. This offers nearly all the same features and functionality as the desktop version.

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Deutsche Bank Downgrades Baidu

Today is perhaps not a day on which a lot of investors will conduct spending sprees; the Dow’s down 1.10 percent right now, which isn’t at all encouraging.  But Deutsche Bank has come to believe that investors almost definitely shouldn’t acquire shares of Baidu, downgrading the stock from "Buy" to "Hold."

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Intel Buys McAfee for $7.68 billion

Intel has announced it is acquiring McAfee for about $7.68 billion at $48 per share in cash.

"With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," said Paul Otellini, Intel president and CEO. "In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.

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Hulu Said To Aim For Fall IPO

It may not be long before it’s possible to track the stock symbol HULU in addition to tech mainstays like GOOG and YHOO.  A new report has indicated that Hulu intends to go public sometime in the next few months.

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IBM Acquires Marketing Software Player Unica for $480 Million

IBM has announced that it is acquiring marketing software company Unica for about $480 million in cash. IBM says the Unica will expand its ability to help organizations analyze and predict customer preferences and develop more targeted marketing campaigns.

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HP Shareholder Sues Board Over Hurd Investigation

Last weekend, HP announced the "resignation" of Chairman, CEO, and President Mark Hurd, following an investigation into sexual harassment claims that were later revealed to come from actress and former HP contractor Jodie Fisher.

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Google Ventures Reportedly Investing Over $100 Million in ngmoco

It’s no secret that Google has taken an interest in games lately. The company has been reported to have invested in Zynga, which is responsible for games like Farmville and Mafia Wars.

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Skype Files for IPO

Skype announced today that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering. From the release:

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Google Buys Game Company Slide

Update: Right on schedule, Google has now formally announced its acquisition of Slide. On the company’s oficial blog, David Glazer says:

For Google, the web is about people, and we’re working to develop open, transparent and interesting (and fun!) ways to allow our users to take full advantage of how technology can bring them closer to friends and family and provide useful information just for them.

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AOL Revenues Drops 26% Year Over Year

AOL reported its Q2 earnings today, not quite living up to analysts’ expectations. Rather than just spit all of the numbers at you, I’ll just post the charts that AOL was kind enough to include in its announcement.

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Google’s YTD Acquisition Tab: $1.1 Billion

Sometimes, when acquiring a company, Google puts out multiple press releases and blog posts, sharing financial details and all other sorts of information.  Sometimes the search giant just mentions the purchase.  Today, though, Google had to disclose a few details for the sake of satisfying the SEC.

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fbFund No More?

Things have been a little slow on the fbFund front this year. The site hasn’t posed an update since January, and you probably won’t be hearing about new ventures anytime soon.

Inside Facebook reports that fbFund appears to be "mothballed". fbFund is a seed fund and joint venture run by Facebook Founders Fund and Accel Partners. Investment capital for the fund was provided by these entities.

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Microsoft Sales Outweigh Acquisitions 2:1

People who keep up with tech news have probably noticed that Google makes acquisitions on a regular basis.  Meanwhile, reports concerning Microsoft buys are rare.  But that isn’t necessarily a sign of some media bias; Microsoft confirmed today that the companies it sold in the past year were worth more than the companies it acquired.

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Rumors Slate Facebook IPO For 2012

Individuals who want to invest in Facebook probably won’t have an opportunity to do so for well over a year.  A new, somewhat credible report indicates that the company won’t go public until sometime in 2012.

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Motorola Announces Second Quarter Sales of $5.4 Billion

Motorola announced its Q2 financial results today. These include sales of $5.4 billion. The company shipped 2.7 million smartphones during the quarter, but mobile device sales were down 6% from the previous year.

Other highlights include:

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Adobe to Acquire Day Software for $240 Million

Adobe announced today that it has entered an agreement to acquire Day Software, a content management software company. Adobe has launched a public tender offer to acquire all of the publicly held registered shares of the company for about $240 million.

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Google Exec Speaks Of YouTube, “Imminent Profitability”

Beyond Google’s second-quarter earnings report, there was bad news and semi-good news for the company’s shareholders this week.  The bad: YouTube, almost four years after Google spent $1.65 billion on it, still hasn’t turned a profit.  The good (if you believe it): the site is supposed to be in the black before long.

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Verizon Shares Earnings, AT&T Transitions Acquired Verizon Customers

Verizon announced its Q2 earnings today, reporting strong wireless and FiOS customer growth, increased enterprise revenues, and $9.8 billion in cash flow, up 29.8% from the same period in 2009.

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Dell Settles with SEC for $100 Million

Dell announced that it’s reached a settlement with the SEC, resolving an investigation into Dell’s disclosures and alleged omissions from before Fiscal Year 2008, regarding its relationship to Intel, as well as other accounting and financial reporting issues.

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Microsoft Trounces Earnings Estimates

Yesterday morning, thousands of Microsoft employees celebrated Steve Ballmer’s 30th year with the company.  This afternoon, they – along with many independent shareholders – are probably cheering again, as Microsoft reported record results for the past fiscal quarter.

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Amazon Announces Q2 Sales of $6.57 billion

Amazon announced its second quarter earnings today. Net sales were up 41% at $6.57 billion, compared with $4.65 billion in the second quarter of ’09.

"Excluding the $48 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 42% compared with second quarter 2009," the company said.

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AOL Launches New Mobile Portal and Android Apps

AOL has launched a new smartphone portal at and 2 new Android apps. In fact, AOL specifically says that it’s increasing its focus on Android.

The smartphone portal is for HTML5-supporting smartphones, providing a touch-driven interface that allows for easy scrolling through articles and content, as well as location-based services for weather, movies, traffic, etc. There is also an app directory for users to find mobile apps, and it supports video content.

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Baidu Reports 118 Percent Rise In Profits

Baidu’s second quarter was in many (positive) respects a doozy.  The company released its earnings report last night, and posted some very interesting numbers as it beat analysts’ estimates.  One key stat: profits rose 118 percent on a year-over-year basis.

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eBay Financial Report Tops Forecasts

Believe it or not, this is a good – or even great – day to be an eBay shareholder.  Although Google and Yahoo’s stocks basically fell off cliffs following iffy earnings reports earlier this week, eBay managed to publish some positive numbers this afternoon and has seen its stock jump in after-hours trading as a result.

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Google Ventures Invests in Search Marketing Firm Trada

Google Ventures has invested in a paid search marketing firm called Trada. Google Ventues has invested $5.75 million in Trada, along with Foundry Group, which previously invested $2.2 million in the company.

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Yahoo Comes Up Shy With Q2 Earnings Report

However else Yahoo’s shareholders may feel about the company’s financial situation, they can perhaps take comfort in the idea that Carol Bartz won’t be wasting lots of money on champagne and confetti today.  Yahoo’s second quarter earnings report didn’t contain much news the CEO could celebrate.

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Apple Posts Record Quarter at $15.7 Billion

Apple has released its third quarter financial results. This reflects fiscal 2010 third quarter ended June 26, 2010.

The company boasted record revenue of $15.7 billion and net quarterly profit of $3.25 billion. This compares to a year ago, when Apple reported revenue of $9.73 billion and net quarterly profit of $1.83 billion.

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ThinkEquity Bestows “Buy” Rating On Yahoo

One day ahead of Yahoo’s second quarter earnings report, a financial firm has suggested that investors give the company their support – and their money.  ThinkEquity upgraded its rating on Yahoo from "Hold" to "Buy."

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Nokia Siemens to Acquire Motorola Wireless Network Infrastructure for $1.2 Billion

Nokia Siemens Networks and Motorola today announced that Nokia Siemens  will acquire the majority of Motorola’s wireless network infrastructure assets. Said assets come at the price of $1.2 billion in cash.

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Google’s Q2 Earnings Disappoint Shareholders

Google neither blew estimates out of the water nor bombed with its second quarter financial report this afternoon.  Shareholders seem to be focusing on the targets the company missed, however, sending the stock down sharply in after-hours trading.

Let’s get the bad news out of the way first.  Google reported earnings per share of $6.45, even though analysts had hoped to see $6.52.  Also, paid clicks decreased three percent compared to the first quarter, which isn’t exactly a positive development.

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Report: Google Invested $100-$200 Million In Zynga

Google Games – along with the company’s social efforts – may stand a better chance of getting off the ground than most people thought.  Reports indicate that Google’s established ties with one of the top organizations in the social gaming space by investing $100-$200 million in Zynga.

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Google Knocked By Another Financial Analyst

Google is not having the best possible week.  Yesterday, an analyst representing J.P. Morgan cut his price target on the company’s stock by $73, and today, an analyst with Oppenheimer followed suit, actually cutting his price target by an even-more-dramatic $115.

Not all is lost.  Jason Helfstein still feels Google’s doing well in the U.S., and even believes the company deserves an "outperform" rating, which is about as good as it gets.

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Yahoo’s CFO Pledges To Improve Buying/Selling Strategy

If you’ve ever heard about a Yahoo acquisition and thought that the price sounded excessive – or heard about a sale and thought the opposite – know that Yahoo’s CFO is aware of the problem.  Tim Morse recently indicated that the company is trying much harder to spend wisely.

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J.P. Morgan Cuts Google Price Target By $73

In eight days, Google will give its second quarter financial report, and at least one group of analysts seems to think bad news is inevitable.  J.P. Morgan cut its forecasts in several respects this morning, with the most dramatic reduction being a $73 chop in Google’s price target.

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Analyst Pushes eBay To Launch Fulfillment Program

In the past year, eBay’s stock has risen by 17.57 percent.  Amazon’s stock has risen by 40.92 percent.  It’s possible to argue that eBay might learn a thing or two from Amazon, then, and an analyst at RBC Capital has done so by suggesting that eBay launch a program similar to Fulfillment by Amazon.

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Google Sets Date Of Second Quarter Financial Report

Any of Google’s investors who feel that the company has some explaining to do need only wait another nine days.  Google’s announced that it will report its second quarter financial results on Wednesday, July 15th.

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Yahoo Prepares For $3 Billion Stock Buyback

Yesterday, Yahoo’s stock hit a new 52-week low, touching $13.79 before closing at $13.84.  Things are looking rather brighter this morning, though, as the stock is up to $14.09 following a declaration that Yahoo may buy back $3 billion in common stock.

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Foursquare Gains $20m, New Investor in Andreessen Horowitz

Foursquare has announced that it’s closed a new $20m Series B round of funding with Union Square Ventures, O’Reilly AlphaTech Ventures and new partner, Andreessen Horowitz.

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Tech Stocks Suffer As Market Falls

Today marked the debut of Tesla Motors on the stock market, and the electric car company did rather well.  Lots and lots of other companies suffered losses, however, and the ones we tend to cover at WebProNews were hit especially hard.

Here are a few numbers for a frame of reference: at the end of the trading day, the Dow was down 2.65 percent, the S&P 500 was down 3.10 percent, and the Nasdaq was down 3.85 percent.

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Elevation Partners Spends $120M More On Facebook Shares

The private equity firm that counts rock star Bono as a member of its investment team is taking a greater interest in Facebook.  According to a new report, Elevation Partners has spent $120 million on five million of the company’s secondary market shares.

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Facebook’s (Rumored) 2009 Revenue: $800 Million

For quite a while, we’ve been making favorable comparisons between the size of Facebook’s user base and the populations of different countries.  Now, Facebook may be able to measure up to a few nations in terms of finances, too, with a report claiming the social network generated $800 million in revenue last year.

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Yahoo Announces Another Shareholders’ Meeting

It’s time again for Yahoo’s shareholders to get a semi-exclusive earful regarding where the company is headed.  Yahoo’s scheduled a shareholders’ meeting for Thursday, June 24th, for the sake of filling everyone in.

The last time Yahoo held a shareholders’ meeting, the company led up to it by announcing a partnership with Nokia the day before.  So we should warn investors: there haven’t been any hints that something so exciting will occur this time around.  Yahoo hasn’t even promised that Carol Bartz or other top execs will appear.

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Citi Cuts Google Price Target

Google investors should say goodbye to a projected $10 per share, according to new data from Citi.  The financial services company kept its "buy" and "Top Pick" ratings while revisiting Google’s stock today, but lowered its price target from $640 to $630.

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BofA Merrill Lynch Lowers GOOG, YHOO, eBay Estimates

Individuals who have invested in Google, Amazon, eBay, and Yahoo might want to lower their expectations.  Bank of America Merrill Lynch cut its price targets on the companies’ stocks today, with Google by far bearing the worst of it.

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Barclays Trims Google Estimates

Sorry, Google shareholders, but a respected international investment bank has taken the view that Google won’t do quite as well as previously forecast.  Barclays lowered its estimates today, due at least in part to the fact the company won’t directly sell the Nexus One anymore.

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Google Asks In-House Financial Experts To Grow War Chest

When Google distributed its first-quarter earnings report, many people were struck by one particular fact: the search giant had $26.5 billion in "cash, cash equivalents, and short-term marketable securities" as of March 31st.  But Google’s going out of its way to make sure that money doesn’t just collect dust in a vault.

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Major Facebook Backer Hints At Further Investments

Digital Sky Technologies, the Russian investment firm that’s poured hundreds of millions of dollars into Facebook, is preparing to go on the hunt again.  Its founding partner and CEO, Yuri Milner, talked this weekend about making additional investments, and also said a little about Facebook’s worth.

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Yahoo Arranges Investor Day Event

Yahoo shareholders (and perhaps Microsoft and Google shareholders, too, for that matter) might want to consider clearing their calendar for a special event.  Yahoo’s announced that it will hold an Investor Day/Analyst Day meeting on Wednesday, May 26th.

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Carl Icahn Cuts Stake In Yahoo (Again)

Once upon a time, Carl Icahn complained about the way Jerry Yang was running Yahoo and bought a massive number of shares to force him out.  Later, Icahn joined Yahoo’s board of directors and gave Carol Bartz his full support.  Now, Icahn’s involvement seems almost over, as he’s sold around 7.9 million shares.

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Google’s Shares Sink Below $500

Even more than the average individual, Google shareholders seem likely to wind up marking the end of the week by having a few drinks.  Google’s stock was below $500 when the closing bell rang today, and the stock actually hasn’t closed lower since October 5th of last year.

You can see the state of things for yourself below.  Google closed at $488.52 on October 5th; now, more than seven months later, it’s only a little bit higher at $493.13.  Not good.

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Popular News App Maker Newsy Gets New Funding

Newsy is a video news service that analyzes the world’s news coverage, highlighting the key differences in reporting. The company has now closed a $2 million round of funding.

Newsy is already popular with iPad users. "Newsy released its iPad app last week – the app rose to #6 for news in the iTunes’ App Store (currently is #11) and has excellent reviews," Newsy VP Marketing and Community Alexandra Wharton tells WebProNews.

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