Techmeme: IBM Drops 7% on Q3 Miss; $4.7B Charge to Divest Chip Unit (Tiernan Ray/Tech Trader Daily)

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October 20, 2014, 12:20 PM

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Liam Spradlin / Android Police:

Check Out Gmail 5.0 For Android And Google's Plan To Handle All Your Email Accounts In One App — Google's been updating apps left and right recently to fall in line with its new material design philosophy, and the results have been impressive. There are a few apps it appears Google's saving …

Bloomberg:

IBM paying Globalfoundries $1.5B to take unprofitable chip-manufacturing unit off its hands — IBM Paying Globalfoundries $1.5 Billion to Take Unit in Retreat From Chips — International Business Machines Corp. (IBM) agreed to pay Globalfoundries Inc. $1.5 billion to take an unprofitable chip-manufacturing unit off its hands.

Arik Hesseldahl / Re/code:

IBM stock drops over 6% after it misses earnings estimates, abandons 2015 earnings forecast — IBM Abandons Long-Promised 2015 Profit Target — IBM abandoned a long-promised plan to deliver $20 a share in profits by 2015 after suffering a significant slowdown in spending by its clients …

More: Bloomberg, Tech Trader Daily, IBM, Reuters, Business Insider, CNBC, New York Times and Wall Street Journal. Tweets: @levie

Kevin Roose / New York Magazine:

Marc Andreessen on the evolution of Silicon Valley and technology's impact on the economy — Marc Andreessen on Why Optimism Is Always the Safest Bet — The Netscape creator turned Silicon Valley sage on why optimism is always the safest bet. — It's not hard to coax an opinion out of Marc Andreessen.

More: Valleywag, Business Insider, Wall Street Journal and The Equity Kicker

Tweets: @stevesi, @jfruh, @kevinroose, @kept_simple, @ajs, @jessmisener, @jeffjarvis, @bznotes, @buzzfeedben, @aweissman, @davemcclure, @pkafka, @longform, @jyarow, @felixsalmon, @codinghorror, @seldo, @caseynewton and @semil

Parmy Olson / Forbes:

Microsoft plans to launch a fitness-focused wearable in the next few weeks with more than two-day battery life, multi-platform support — Microsoft Plans To Launch A Wearable Device Within Weeks — Microsoft is gearing up to launch a wearable device within the next few weeks, Forbes has learned.

Peter Kafka / Re/code:

Apple pushing to cut the price of Beats Music subscriptions to $5 per month — Spotify Lowers Its Music Prices, Using a Family Plan. Apple Wants to Go Lower. — Apple thinks streaming music should cost less. Spotify agrees. — Spotify is effectively offering a price cut …

More: Cult of Mac, AppleInsider, iMore, 9to5Mac, MacDailyNews, SlashGear, Electronista, iLounge, WMPoweruser, App Advice and iDownloadBlog.com. Tweets: @joshconstine

Owen Williams / The Next Web:

Spotify announces family plans: $14.99 for two users, $19.99 for three, $24.99 for four and $29.99 for five — Spotify announces family plans for up to 5 users — Spotify has announced new plans designed for families of up to five members, which was one of its most requested features.

More: Spotify Press, Spotify Blog, Gizmodo, Android Police, PC Magazine, Digital Trends, ReadWrite, BetaNews, MacRumors, Engadget, PC World, Wall Street Journal, Inquirer, 9to5Google, Gigaom, Guardian, TechnoBuffalo, WebProNews, The Verge, Phandroid, MacStories, RAIN News, Consumerist, TechCrunch, iMore, CNET, Ubergizmo, VentureBeat and Electronista. Tweets: @thenextweb

Philip Elmer-DeWitt / Fortune:

Spreadsheet of the day: Final estimates for Apple's fiscal Q4 — Today should be a busy day on the Apple beat. — Apple Pay goes live with the release of iOS 8.1, along with the launch of iCloud Photo Library and a functioning Handoff (which, for many of us on Yosemite, still isn't working).

More: AppleInsider, CNET, Wall Street Journal, BGR, ZDNet, 9to5Mac, USA Today, Apple Gazette, Guardian, MacDailyNews, TmoNews, MacDailyNews, Business Insider, App Advice, Forbes, ValueWalk, VentureBeat and Business Insider. Tweets: @asymco

Chris Velazco / Engadget:

Amazon Kindle Voyage review: The best e-reader is also the priciest — When Amazon introduced an updated version of its flagship Kindle Paperwhite last year, it took the easy way out — after all, tweaked internals, improved software and slightly better lighting do not a thrilling e-reader make.

More: Gigaom, Laptop Mag, New York Times, GeekWire, Ars Technica, VentureBeat, Re/code, TechCrunch, The Verge, Gizmodo, The Next Web, PC Magazine and SlashGear

Tiernan Ray / Tech Trader Daily:

IBM Drops 7% on Q3 Miss; $4.7B Charge to Divest Chip Unit — Shares of International Business Machines (IBM) are down $13.32, over 7%, at $168.73, in early trading, after the company this morning reported Q3 revenue and earnings per share that missed analysts' estimates …

More: PC World, Gigaom, ZDNet, Gigaom, Fortune, Seeking Alpha and bizjournals

Douglas MacMillan / Wall Street Journal:

Amid pressure from activist investors, Marissa Mayer to detail Yahoo's cost-cutting plan and acquisitions strategy during Tuesday's earnings call — Yahoo CEO Set to Refresh Turnaround Plan — Firm to Release Quarterly Results Tuesday, Detail Its Current Efforts

More: VentureBeat, CNET, Bloomberg, bizjournals, TheStreet.com, Business Insider, Benzinga and Seeking Alpha

Richard Padilla / MacRumors:

Dropbox for iOS Updated with Touch ID Integration, iPhone 6 and 6 Plus Support — File-sharing service Dropbox has updated its official iOS app with a number of new features, including full optimization for the iPhone 6 and 6 Plus as well as integration with Touch ID for more convenient unlocking.

More: TechCrunch, Engadget, BGR, AppleInsider, 9to5Mac, App Advice, The Next Web, The Mac Observer, Inquirer, App Advice, Cult of Mac and iMore

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