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Microsoft has filed complaints against TomTom in both the U.S. District Court in Seattle and with the International Trade Commission, alleging that the GPS gadget maker has infringed eight of its patents. Is this another day, another tech patent suit story? If it were any other plaintiff, perhaps.
The sight of a Citibank logo makes Rumi Turkel cringe. She’s seen her banking fees climb, and found out Tuesday that interest rates on her savings accounts have fallen again. That’s not to mention the substantial amount of money she says her family has lost from owning stock in the bank’s parent company, Citigroup.
Apple cofounder and CEO Steve Jobs still expects to return from his medical leave at the end of June, according to an Apple director who responded to an investor at the company’s annual shareholder meeting Wednesday. The investor — who was the only one to press for details on Jobs’ health — had asked when the board knew Jobs planned to step away from his daily duties.
IBM is standing by its surprisingly strong 2009 guidance, backing a $9.20-per-share profit forecast on momentum in emerging markets and services and software so far this year. Shares jumped nearly 5 percent. The Armonk, N.Y.-based company’s chief financial officer, Mark Loughridge, told a conference in San Francisco on Thursday that IBM is on track to hit its financial targets based on encouraging numbers from January.
Cablevision Systems posted a loss for the fourth quarter Thursday, dragged into the red by a hefty write-down on the value of its Newsday newspaper. The cable TV operator says it lost $321.4 million, or $1.11 per share, compared with a profit of $6.6 million, or 2 cents per share, in the fourth quarter of 2007.
Recession. Nine letters you never want to see together in one word; at least not in that order. Sales and marketing departments across the globe are reeling from one of the worst financial crisis in recent business. The stock market is down, unemployment is climbing, and businesses are bracing for what could be a long, slow recovery.
It was another mixed bag of news for the gaming industry over the past week. Financial papers filed with the Internal Revenue Service revealed that while 2007 and 2008 were strong years for the U.S. gaming industry, the Entertainment Software Association, the industry’s trade association, did not fare as well. Also, Sony reached a milestone with its PlayStation Network.
CEO Steve Ballmer told Wall Street analysts on Tuesday that Microsoft has no intention of making any more job cuts despite the recession’s effects on the technology industry. The Street did not respond to the news favorably. Microsoft stock hit an 11-year low. Ballmer also talked about the impending threat of a desktop version of Google’s Android mobile operating system.
Google and Mozilla have formalized their support for the European Union’s current antitrust proceedings against Microsoft by acquiring third-party status in the proceedings. They join several other firms that have also entered the fray. The EU is investigating whether Microsoft is violating its antitrust regulations by bundling Internet Explorer with its Windows OS.
Two Minnesota newspapers will receive a share of state grants normally given to retrain workers in manufacturing and other industries in transition. The Duluth News Tribune and the St. Paul Pioneer Press will work with the University of Minnesota’s School of Journalism and Mass Communication to help staff adapt to an increasingly Internet-based industry.
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