eBay Profit Declines, as Sales Rise 25 Percent

eBay Inc. posted lower earnings Wednesday, but the online retailer’s 25 percent revenue increase was offset by its recent acquisition of an e-commerce and marketing firm.

Qualcomm Earnings Jump, Beating Estimates

Qualcomm Inc. reported a 35 percent jump in earnings on Wednesday afternoon thanks to strong demand for wireless devices that utilize the company’s CDMA technology.

Online Purchases Helped Boost Strong Retail Sales in 2010

Don’t call it a boom yet, but retail sales in 2010 saw the biggest gains since 1999, with the help of online retailers like Amazon.

News Byte

Retailers Expected to Report Best December Since 2006

Confident consumers continued to spend up until the end of the year, putting some retailers on track to post their best same-store sales for the month of December in four years, MarketWatch reports. Retailers are expected to report final numbers on Thursday for the busiest month of the year, but already some retailers, like Barnes & Noble, have reported preliminary holiday results, revealing that spending was up 9.7 percent. Overall, research firm Retail Metrics is expecting December sales at stores open at least a year to jump 3.4 percent compared to last year.

Investor Jitters a Factor in Failed Seagate Deal

A few years ago, former Seagate Technology PLC Chief Executive Bill Watkins made an analogy comparing the hard-disk industry to Rodney Dangerfield. “I think it’s unfair not to respect a commodity,” Watkins told Newsweek in 2007. “There’s a tremendous amount of technology in this commodity.”

HP Reverses Hurd-Era Pay Cuts, Unveils Benefits

After a rocky start, new Hewlett-Packard Co. Chief Executive Officer Leo Apotheker is trying to settle into his role with a Thanksgiving gift for his employees. During HP’s earnings call on Monday, Apotheker announced that the company was reversing pay cuts for a majority of the employees affected by a February 2009 salary-reduction plan under former CEO Mark Hurd.

Data-Storage Stocks Juiced by IBM Deal

The latest buying spree in technology rolled on Monday, with Big Blue’s $1.7 billion takeover deal with Netezza Corp., which comes on the heels of last month’s high-intensity bidding war over 3Par Inc. The Netezza deal underscored a key trend: Small companies with the valued know-how for storing and quickly analyzing data are finding themselves drawing attention from the biggest names in technology.

Changes at HP Under Hurd's Hatchet Were Not All Great

The drama and mystery surrounding Mark Hurd’s abrupt departure as chief executive of Hewlett-Packard Co. have shined an unflattering light on the company as we learn how he really changed H-P. Wall Street loved his obsession with cutting costs, but employees did not. He brought even more major changes to the company’s once paternalistic culture, much like his predecessor Carly Fiorina, who pretty much killed the old H-P Way. With Hurd at the helm, H-P became an even tougher place to work, with even less emphasis on innovating anything new.

Google Misses Deadline For High-Profile L.A. Contract

Roughly nine months after Google Inc. edged out rival Microsoft Corp. to win a high-profile contract to supply email and collaboration software to the City of Los Angeles, the company has missed a June deadline for full implementation due to lingering security concerns.

Viral Video: Silicon Valley May Now Officially Blame Larry Kramer for BoomTown

Larry Kramer, the online journalism pioneer and persistent gadfly, finally took credit where credit is certainly due, in a story he tells of giving me my big break way back in the dark ages. In a video interview with Beet.TV recently, Kramer claims I “scared” him into giving me a stringer job at the Washington Post in the early 1980s. That does sound like me.

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