Techmeme: Tech Stocks Crumble As The Market Demands What They Can't Deliver (Alex Wilhelm/TechCrunch)

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May 7, 2014, 2:20 PM

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John Paczkowski / Re/code:

Apple's worldwide communications VP Katie Cotton retiring after nearly two decades at the company — Code/red: Apple PR Impresario Katie Cotton to Retire — // HAPPENING TODAY — Yahoo CEO Marissa Mayer will drop by TechCrunch Disrupt to dodge some questions. — AOL will be hammered following an earnings miss.

More: AppleInsider, The Verge, Wall Street Journal, MacRumors, 9to5Mac, Business Insider, TechCrunch, iMore, TechnoBuffalo, iPhone Hacks, App Advice and iLounge

Tweets: @kevinroose, @tcarmody and @fxshaw

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, InvestorPlace, Softpedia News, Electronista and Cult of Mac

Ingrid Lunden / TechCrunch:

To Battle Yelp, Google Buys Appetas, A Website Builder For Restaurants — Google today made one more acquisition that points to its interest in building up its relationship with local businesses, and particularly in the restaurant vertical to compete better against the likes of Yelp.

More: Appetas, ZDNet, GeekWire, 9to5Google, The Next Web and SlashGear

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

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

Paul Mozur / Wall Street Journal:

‘Unparalleled Ruthlessness’ Awaits: Jack Ma's Letter to Alibaba Employees. — One element missing from Alibaba's initial public offering prospectus - weighing in at 248 pages before notes and exhibits - was a letter from founder Jack Ma. — People familiar with the matter had said that some missive …

More: Business Insider, SiliconBeat, Re/code, New York Times, Fortune, DailyFinance.com, Bloomberg and CNET News

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

Catherine Shu / TechCrunch:

Alibaba's IPO Means Consumer Tech Innovations From Asia Can't Be Ignored Anymore

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

Mercury News:

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

More: TechCrunch, New York Times, SEC, TIME, CNET News, The Next Web, DailyFinance.com, TechCrunch, New York Times, AdExchanger, PC World, Wall Street Journal, The Next Web, Bloomberg, Reuters, Ars Technica, Quartz, Quartz, Daily Dot, Guardian, Digital Media Wire, Quartz, Quartz, Los Angeles Times, Associated Press, Fortune, Gigaom, Re/code, WebProNews, TechCrunch, NPR, ZDNet, Mashable, Tech Trader Daily, BBC, BuzzFeed, Business Insider and Wired

Tweets: @fmanjoo and @fmanjoo

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: VentureBeat, The Verge, Reporters Without Borders, theWHIR.com and Mashable. See also Mediagazer

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: Los Angeles Times, The Verge, It's a Gadget, dailywireless.org, Geeky Gadgets, ZDNet, CircleID and Trakin' the india …

Barb Darrow / Gigaom:

Google snaps up Stackdriver and its cloud analysis expertise — Another small, smart Boston-area startup has been acquired by a Silicon Valley superpower. Google is buying Stackdriver, which specializes in monitoring and honing cloud workload performance.

More: TechCrunch, ZDNet, Google Cloud Platform Blog and BetaBoston

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, GeekWire, PandoDaily, CNET News, Engadget, ParisLemon, Bloomberg, Ars Technica, AppleInsider, Softpedia News, Gamasutra, VentureBeat, Mashable and BGR

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

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

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, Computerworld, PC Magazine, TechnoBuffalo, Android Central, Geeky Gadgets, Inquirer, IntoMobile, ZDNet and Pocketnow

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, dailywireless.org, TUAW, Cult of Mac, App Advice, iPhone in Canada Blog, AppleInsider, Electronista and 9to5Mac

Tweets: @wsj and @taos

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: SiliconBeat, Bloomberg, San Francisco Chronicle and bizjournals

Alex Wilhelm / TechCrunch:

Tech Stocks Crumble As The Market Demands What They Can't Deliver — It's a nasty day for technology companies in the public markets, as aging giants like AOL are falling right alongside upstarts with larger market caps like Twitter and Groupon that are popping negative. — Forget your IPO window.

More: Tech Trader Daily, Seeking Alpha, Associated Press, MarketWatch, Bloomberg, Valleywag, Forbes and Business Insider. Tweets: @jyarow

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, Engadget, Neowin, Geeky Gadgets, dailywireless.org, TechnoBuffalo, Pocketnow, Ars Technica, SlashGear, Greenbot and BGR

Erin McCarthy / Wall Street Journal:

Pandora tests Promoted Stations native ad product with 10% of users — Pandora Launches Promoted Stations — Internet Radio Service Seeks to Boost Advertising Revenue — Pandora Media Inc. continued its push to boost advertising revenue Wednesday, launching so-called promoted stations that partner with advertisers.

More: The Next Web, CNET News and Pandora

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

TechCrunch:

Restaurant Reservation Service LaFourchette Gobbled Up By TripAdvisor For ~$140M — European restaurant reservation service LaFourchette — the so-called OpenTable of France — has entered into agreement to be acquired by NASDAQ-listed travel site TripAdvisor, with whom it already had a partnership.

More: PR Newswire, bizjournals, GlobalPost, PE Hub Blog and Tnooz

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, Ubergizmo, Neowin, SlashGear, Geeky Gadgets, Electronista, CNET and AmongTech

Ingrid Lunden / TechCrunch:

AOL Down 24% As Q1 Earnings Beat On Sales Of $583M But Miss EPS On $22M Of Charges — AOL is trading down almost 24% 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, Bloomberg, Softpedia News, AdExchanger, Mashable and Reuters. Tweets: @ingridlunden. See also Mediagazer

Daniel Cooper / Engadget:

Hands-on Huawei's new flagship Android phone, Ascend P7: 1.8GHz quad-core, 5-inch, 1080p — Huawei's Ascend P7 wants to be the LTE phone of the people — With the Ascend P6, Huawei looked to build a smartphone that emphasized design and material quality over performance.

More: CNET News, The Register, 9to5Google, The Next Web, SlashGear, CNET, SlashGear, CNET and BGR

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