Yahoo Sues Facebook for Patent Infringement, Which Social Network Calls “Puzzling” (Including Filing)

In what is either the boldest gamble of its history or the most boneheaded, Yahoo has filed a massive legal attack against the powerful social networking giant for intellectual property violations.
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Yahoo Stock Gets Gaslit by Bidders Dangling Phantom $20-a-Share Bid

There is no $20 bid for Yahoo today. So why was it suddenly news? Time to blame Wall Street again.
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Tick, Tick, Tick, HP Board: The Time to Act Is Today

As Hewlett-Packard CEO Léo Apotheker twists painfully in the wind, it’s up to its directors to move quickly to end the latest crisis at the Silicon Valley tech giant.
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Wall Street Likes Bartz’s Firing — Yahoo Stock Spikes on News

Investors cheered Yahoo’s move to fire CEO Carol Bartz.
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Yahoo Addresses Alipay Mess: Forget It, Shareholders–It's China.

You’re a very annoying partner for Alibaba, Yahoo. Huh? You know what happens to annoying partners in China? Huh? No? Wanna guess? Huh? No? Okay. They lose their Alipays.

Thanks, Kinect! Microsoft Q3 Earnings Soundly Beat the Street, So Will a Stock Rise Finally Follow?

Software giant Microsoft soundly beat Wall Street expectations in its third-quarter earnings released after the markets closed today. Microsoft said it had revenue of $16.43 billion for the quarter ended Mar. 31, 2011, which was up 13 percent from a year ago. Net income was $5.23 billion, or 61 cents per share, a rise of 36 percent.

Cisco Earnings Beat Estimates, but Only by a Little

Air pockets have been transformed into “a period of transition” for CEO John Chambers.

IBM Results Beat Expectations on Strong Hardware Sales

Strong hardware sales, led by the System Z mainframe business, boosted the quarter.

Conference Call: RIM Talks to the Street (But Plans to Say Less)

There wasn’t a lot new on RIM’s conference call, but we did learn that the company isn’t expecting tablet revenue anytime during the quarter, which runs through the end of February. Looks like if you had March in the PlayBook launch pool, you are a winner.

Oracle Beats Q2 Earnings Forecasts

Oracle’s earnings are in. Both revenue and profits beat the expectations of analysts. Shares are up more than 3 percent after hours.

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RIM Takes a Trip to the Woodshed