Techmeme: AOL Down 20% As Q1 Earnings Beat On Sales Of $583M But Miss EPS On $22M Of Charges (Ingrid Lunden/TechCrunch)

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May 7, 2014, 12:15 PM

Top News

Quentin Hardy / New York Times:

HP to invest $1B over two years in OpenStack, integrate its cloud services under HP Helion brand — HP Makes $1 Billion Bet on Open Cloud — Hewlett-Packard is making its big bet on cloud computing, with a significant change of its own products and business, and the biggest endorsement yet …

More: Re/code, The Technology Chronicles, Inquirer, ZDNet, Wall Street Journal, The Register, BetaNews, Reuters, GeekWire, CRN, Gigaom and Electronista. Tweets: @qhardy

Bob Rosin / Official LinkedIn Blog:

LinkedIn partners with Evernote to scan business cards, will shut down its CardMunch app — Evernote + LinkedIn: Powering Professional Relationships — Business cards are one of the many ways people initiate professional relationships, so it is important to us that our members can quickly …

More: The Next Web, Evernote Blog, TechCrunch, The Technology Chronicles, The Verge, Engadget, VentureBeat, 9to5Mac, TechHive, CITEworld, ZDNet, Geeky Gadgets, SlashGear, Fast Company and WebProNews

Catherine Shu / TechCrunch:

Alibaba's IPO Means Consumer Tech Innovations From Asia Can't Be Ignored Anymore — Asia's tech companies still have a reputation in the West for being copycats. But Alibaba's massive IPO is proof that consumer tech innovations from Asia can no longer be ignored.

More: The Next Web, The Next Web and TheDomains.com

Paul Mozur / Wall Street Journal:

‘Unparalleled Ruthlessness’ Awaits: Jack Ma's Letter to Alibaba Employees.

More: New York Times, DailyFinance.com and Bloomberg

Tweets: @gerrymcgovern, @jonrussell, @joshchin, @paulmozur and @wsjd

Mercury News:

China's Alibaba files for IPO that could be tech industry's biggest ever

Leslie Picker / Bloomberg:

Chinese e-commerce giant Alibaba files for US IPO, plans to sell 12% stake worth around $20B, say sources

More: SEC, Re/code, TIME, Mashable, Fortune, Softpedia News, Forbes, Wall Street Journal, Washington Post, KBSL-TV, CNNMoney.com, bluesky.chicagotribune.com, USA Today, ABC News, Wired, NBC News, ZDNet and CNET News

Tweets: @amir, @danprimack, @tim, @jonrussell, @cnbcnow and @emilychangtv

Writankar Mukherjee / The Times Of India:

Apple reportedly stops selling the iPhone 4 in India less than three months after relaunch — Apple withdraws iPhone 4 from Indian market — KOLKATA: Less than four months after relaunching iPhone 4, Apple decided to once again withdraw its only phone below Rs 20,000 …

More: TechCrunch, 9to5Mac, iMore, BGR, Softpedia News, Electronista and Cult of Mac

Shelly Banjo / Wall Street Journal:

Amazon clocked $67.8B in online sales in 2013, more than its next 10 biggest competitors combined — Apple Jumps to Second Place in Online Retail … In the crusade to capture clicks and pull in dollars from online sales, Amazon remains the clear frontrunner.

More: Fortune, Marketing Land, TUAW, AppleInsider, Electronista, Cult of Mac, iPhone in Canada Blog, App Advice and 9to5Mac

Tweets: @wsj and @taos

Sam Byford / The Verge:

Nintendo reports third consecutive annual loss as Wii U sales fizzle out — Nintendo made an annual operating loss for the third consecutive year in 2013, ending up ¥46.4 billion ($457 million) in the red as Wii U sales failed to pick up following the holiday season.

More: Re/code, CNET News, PandoDaily, Ars Technica, AppleInsider, Engadget, Bloomberg, Softpedia News, BGR, Mashable, Gamasutra and VentureBeat

Tweets: @benjamincousins, @tim_stevens, @campster and @benkuchera

United Nations:

Internet well on way to 3 billion users, UN telecom agency reports — Releasing new statistics today, the United Nations International Telecommunications Union (ITU) announced that by end 2014, there will be nearly three billion Internet users - two-thirds of them from the developing world …

More: The Verge, Geeky Gadgets, International …, ZDNet, CircleID and Trakin' the india …

Ryan Tate / Wired:

Next Big Thing You Missed: Inside Tindie, a Thriving New Marketplace for DIY Gadgets — By day, Emile Petrone was a web programmer. But in his spare time, he would tinker with the Ardruino and the Raspberry Pi, two inexpensive kits that let you build your own hardware devices.

More: PandoDaily

Ray Willington / HotHardware.com News:

Seagate's Wireless Plus Streaming Hard Drives Add Cloud Storage Integration — Another day, another batch of mobile hard drives to store your ever-growing library of memories and documents. Seagate has today announced that its Wireless Plus mobile storage family has added a 500GB, 1TB, and 2TB version.

More: Business Wire, 9to5Mac, Neowin, Ubergizmo, Geeky Gadgets, Electronista, CNET, SlashGear and AmongTech

Liz Gannes / Re/code:

Tech Leaders Call on California to Boost Computer Science — High-profile technology executives and investors are asking for a meeting with California Governor Jerry Brown to discuss augmenting computer science education in the state's public schools. — In a letter they circulated to the press …

More: bizjournals, Bloomberg and San Francisco Chronicle

Anand Lal Shimpi / AnandTech:

ARM Expects ~1B Entry Level Smartphones in 2018, $20 Smartphones Coming This Year — When we first started covering mobile, nearly every silicon vendor I spoke with issued the same statement: eventually, all phones are smartphones. Continued scaling on process technology …

More: Marketing Land, Geeky Gadgets, Neowin, TechnoBuffalo, Engadget, Pocketnow, Ars Technica, SlashGear, Greenbot and BGR

Ingrid Lunden / TechCrunch:

AOL Down 20% As Q1 Earnings Beat On Sales Of $583M But Miss EPS On $22M Of Charges — AOL is trading down almost 21% on the day that it reported its first quarter earnings. It posted revenue of $583.1 million but had startlingly low earnings per share of $0.11 and a 66% drop in net income to $8.7 million.

More: CNET News, AdExchanger, Bloomberg, Reuters and Mashable. Tweets: @ingridlunden. See also Mediagazer

Dean Takahashi / VentureBeat:

Former Angry Birds creators raise $3.6M for Boomlagoon game studio — Boomlagoon, a Finnish game studio created by former Angry Birds creators, has raised $3.6 million in funding to build mobile games. — Helsinki-based Boomlagoon is one in a series of Finnish game startups …

More: WebProNews, Animation Magazine, Develop Feed, IGN, Pulse 2.0, Fortune, ArcticStartup, Polygon, Pocket Gamer.biz, Digital Media Wire, VG247, Webrazzi, PE Hub Blog and I4U News. Tweets: @boomlagoonltd

Neil MacFarquhar / New York Times:

Russia Quietly Tightens Reins on Web With ‘Bloggers Law’ — MOSCOW — Russia has taken another major step toward restricting its once freewheeling Internet, as President Vladimir V. Putin quietly signed a new law requiring popular online voices to register with the government, a measure that lawyers …

More: The Verge, Reporters Without Borders and Mashable. See also Mediagazer

Sean Portnoy / ZDNet:

LG Chromebase all-in-one Chrome PC available on May 26 for $349 — Summary: Chrome's encroachment on the desktop continues when HP releases its Chromebox in June. — Lost amid the hoopla over yesterday's unveiling of numerous new Chromebooks (including models from Asus and Lenovo) …

More: PR Newswire, Liliputing, Tom's Hardware Guide, Liliputing, Geeky Gadgets, Ubergizmo, Engadget, Android Community, TechnoBuffalo, Neowin, Softpedia News, 9to5Google and SlashGear

Timothy B. Lee / Vox:

US patent office ultimately approved 92% of applications in 2013, up from 68% in 2009 — Getting patents is preposterously easy under Obama — When Apple first tried to patent the “slide to unlock” feature of its forthcoming iPhone in 2005, the US Patent and Trademark Office …

Tweets: @dtunkelang and @binarybits

Rich Trenholm / CNET News:

Samsung Knox 2.0 makes Galaxy S5 safe for work with split billing — Samsung has updated its business-focused Knox with a dedicated app store and split billing so you can pay for work and personal calls separately. — Samsung gets down to business with Knox 2.0 on the S5 — Samsung

More: Samsung Tomorrow, 9to5Google, PC Magazine, Inquirer, Geeky Gadgets, Android Central, Pocketnow, IntoMobile and ZDNet

Bloomberg:

Microsoft Said to Use Qualcomm Chips in Smaller Surface — Microsoft Corp. (MSFT) is planning to introduce a new, smaller version of its Surface that will use Qualcomm Inc. (QCOM) processors for the first time, according to people with knowledge of the companies' plans, a move that ends Nvidia …

More: Computerworld, BGR, SlashGear, Neowin, WinBeta, Softpedia News, Ubergizmo, The Verge, Gizmodo, ITProPortal, Pocketnow and CNET News

Maria Konnikova / The Verge:

The Wizard - Meet Alex Pentland, father of the wearable computer — Meet Alex Pentland, father of the wearable computer — It all started with beavers. When Alex Pentland was three years into his undergraduate degree at the University of Michigan, in 1973, he worked part …

More: Nextgov

Peter Kafka / Re/code:

Candy Crush Maker King Digital Has More Players, Fewer Payers — King Digital took its time handing out it first earnings report today. But when it got around to it, the company behind Candy Crush delivered good news: Revenue, which had been declining in advance of its IPO this year, has ticked up again.

More: VentureBeat, KIng, Business Insider, USA Today, Bloomberg, Mashable, Wall Street Journal, Gamasutra and Reuters

Nathan Olivarez-Giles / Wall Street Journal:

Foresighted? Epson Moverio Smart Glasses Go on Sale for $700 … Google Glass may be the most widely known wearable tech today, but Google isn't the only company trying to convince you that wearing a computer on your face is a good idea. Epson, best known for its printers and projectors …

More: Electronista, GeekTime, TechCrunch, Tom's Hardware Guide, PC World, WearablesArena, WearablesArena, Engadget, The Register, Gigaom, Connectedly and Phandroid. Tweets: @counternotions

Jeff John Roberts / Gigaom:

Why the Apple-Samsung trial was a waste of time for all but fanboys and lawyers — Apple and Samsung just finished up their third trial in three years and flushed hundreds of millions down a legal rathole. What do they have to show for it? Nothing of substance.

More: CNET News, ReadWrite, ZDNet and Patently Apple

Jon Brodkin / Ars Technica:

FCC commissioner says FCC “invented” new authority to regulate Internet — FCC Commissioner Michael O'Rielly. — The FCC's Michael O'Rielly, one of two Republican commissioners since being sworn into office last November, today warned against the commission using what he called “newly invented authority to regulate the Internet.”

More: The Hill and Digital Trends

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