News Byte

The Atlantic Joins the iTunes Newsstand

It’s $4.99 a pop at Apple’s digital store, and publisher Atlantic Media Company got Dow to pony up for the right to be the “launch sponsor” for the app. App developer RareWire did the technical heavy lifting.

The Web Survives the Stock Market Crash

The Dow dropping 1,000 points is a big deal, but it didn’t seem to be a wipe-out-the-Web-sized deal.

FriendFinder Cancels the World’s First Web Porn IPO After Investors Yawn

Last month, we posed this question in a headline about FriendFinder Networks: “Are Investors Finally Ready for an Internet Porn IPO?” Today we know the answer: No.

Market to HP: DISAPPOINTED

With the Dow near its lowest point in a decade and global PC shipments down for the first time since 2002, according to market research firm IDC, Hewlett-Packard reported fiscal first-quarter earnings today, and though they met Wall Street’s expectations, they were clearly not what the market had been hoping for.

A Yahoo! Morale Booster

AAPLause, Please

What a lousy day to report earnings. The Dow fell 231.77 points, or 2.5 percent, to finish at 9,033.66, and Nasdaq dropped 73.35 points, or 4.1 percent, to finish at 1,696.68, in a market that beat most tech issues into bloody submission. Not the sort of jovial earnings report atmosphere you hope for when you’re a company whose share price has lost half its value since the beginning of the year. But lo and behold! When Apple reported quarterly results today, they were good … very good.

Voices

Tech Companies Vulnerable to Wall Street Woes

Until this week, most technology companies seemed to be weathering the meltdown on Wall Street. But Monday’s sharp selloff on tech shares–which pushed the Nasdaq to its lowest level in more than three years–shows that the ripple effects of the crisis in the financial sector and the near-collapse of the credit markets are being felt.

Grave New World