Spencer E. Ante

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Fab Raising at Least $250 Million

Spencer E. Ante, Reporter, The Wall Street Journal in Commerce on May 20 at 4:53 pm PT

Online design retailer Fab Inc. is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital, people familiar with the matter said.

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Online Ads Can Now Follow You Home

Spencer E. Ante, Reporter, The Wall Street Journal in News on April 30 at 8:00 am PT

Advertisers already know what people are up to on their personal computers. But understanding their online whereabouts on smartphones or tablets has remained elusive.

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IBM’s Chief to Employees: Think Fast, Move Faster

Spencer E. Ante, Reporter, The Wall Street Journal in News on April 25 at 12:35 am PT

International Business Machines Corp. Chief Executive Virginia Rometty delivered a rare companywide reprimand in the wake of a poor earnings report last week, saying the sprawling technology company needed to move faster and respond more quickly to customers.

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IBM Takes a Beating

Spencer E. Ante, Reporter, The Wall Street Journal in Enterprise on April 20 at 8:45 am PT

All winning streaks come to an end. For International Business Machines Corp., the moment came this week.

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Verizon Wireless Pursues Clearwire Spectrum

Sharon Terlep, Dana Cimilluca and Spencer E. Ante, Reporters, The Wall Street Journal in Mobile on April 15 at 9:18 am PT

Verizon Wireless has offered to pay up to $1.5 billion to buy spectrum leases from Clearwire Corp., people familiar with the matter said.

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China Worries Arise in Sprint Deal

Spencer E. Ante, Danny Yadron and Thomas Gryta, Reporters, The Wall Street Journal in Mobile on March 28 at 5:30 am PT

The U.S. government is seeking oversight of network-equipment purchases as a condition for approving Softbank Corp.’s $20 billion acquisition of U.S. phone carrier Sprint Nextel Corp., a move that appears to be aimed at keeping out Chinese suppliers like Huawei Technologies Co., people familiar with the matter said.

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In the Smartphone Race, Money Talks for Samsung

Spencer E. Ante and Will Connors, Reporters, The Wall Street Journal in News on March 13 at 5:00 am PT

In 2012, Samsung spent $401 million advertising its phones in the U.S. to Apple’s $333 million, according to ad research and consulting firm Kantar Media.

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Microsoft Offers Price Breaks

Eva Dou and Spencer E. Ante, Reporters, The Wall Street Journal in News on March 6 at 4:31 am PT

Microsoft Corp. has recently been offering price breaks on its Windows 8 and Office software to help spur the development of small, touch-enabled laptop computers, people familiar with the situation said.

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Apps Rocket Toward $25 Billion in Sales

Jessica E. Lessin and Spencer E. Ante, Reporters, The Wall Street Journal in Mobile on March 4 at 8:30 am PT

Nearly five years after Apple Inc. kicked off the mobile-apps craze, the industry is booming.

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Millions Improperly Claimed U.S. Phone Subsidies

Spencer E. Ante, Reporter, The Wall Street Journal in News on February 12 at 6:00 am PT

The U.S. government spent about $2.2 billion last year to provide phones to low-income Americans, but a Wall Street Journal review of the program shows that a large number of those who received the phones haven’t proved they are eligible to receive them.