Ballmer: Yahoo acquisition won't happen

Microsoft CEO Steve Ballmer said a Yahoo acquisition is still off the table, despite Yahoo CEO Jerry Yang's decision to step down.

Wall Street reaction to Apple’s “Let’s Rock” event

Section: Apple News, Steve Jobs, Conferences Investors clearly had high hopes for Apple’s ”Let’s Rock” event. The stock, which began the day at $156.99, spiked nearly two dollars to $158.83 a few minutes before the event began. During the event, however, the stock shed nearly five dollars, to end at $153.24. After the event closed, the stock began a slow, upward trend, but still has yet to reach its starting price or peak volume. So, what were investors looking for that has them so disappointed? Something else: Nearly all of today’s product announcements were leaked early. iTunes 8 with Genius features. Redesigned Nanos. Refreshes to the iPod Touch line. iPhone OS 2.1. Investors already had this news, for a few days in some cases, so the impact of these product announcements was likely already factored into the share price. Brand new products: Apart from new headphones and some iPod/iPhone games, Jobs’ keynote was devoid of any majorly new products, such as a rumored netbook or tablet computer. Steve still looks skinny: Though this is better suited to a gossip mag than Wall Street, real fears about Jobs’ health have spooked investors, who fear the loss of Apple’s iconic (maniacal?) CEO would spell the end of Apple’s rise. Mention of iPhone bugs: The release of the iPhone/iPod Touch OS 2.1 update, which targets “significantly improved battery life, fewer call drops, crashing problems, and increased speed for iTunes backups.” News of iPhone troubles tend to scare investors, who prefer a wait-and-see approach to software development, commonly known as SP1 syndrome. Volume and price are steadily, if slowly, increasing. Whether the Let’s Rock event will provide an overall net gain for shareholders, however, remains to be seen. Via [Gizmodo] Full Story » | Written by Aaron Kraus for Appletell. | Comment on this Article »

Google reveals open Android Market to rival iPhone's App Store

Google on Thursday afternoon provided first details of a marketplace for phones based on its Android mobile platform -- including word that its store won't be as tightly monitored as the Apple-run shop for iPhones. While Google will host the new s...

Panasonic, Sanyo to start acquisition talks

Panasonic will start discussions to take over Sanyo Electric with the aim of reaching a deal by the end of this year, the two Japanese companies said Friday.

Apple's profit up 26% on iPhone boom

Apple Inc. said its profit jumped 26 percent in its fiscal fourth quarter as the newest iPhone 3G outsold the market-leading BlackBerry from Research in Motion Ltd.

iPhone market share at 19 percent in 1Q, IDC says (AP)

AP - Apple Inc.'s iPhone, a new model of which is widely expected this summer, took 19.2 percent of the U.S. market for "smart" phones in the first quarter of 2008, according to research firm IDC's vendor survey.