Insight: Morgan Stanley cut Facebook estimates just before IPO
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...
Gadgets: Illuminating Speaker Dock ABC News' gadget roundup this week features an illuminating speaker, carbon fiber ThinkPad ultrabook, and a new Sony camera. Click through for more exciting gadget picks this week.
  Zuckerberg Bride, Priscilla Chan, Not Your Usual Billionaire's Wife Just as we thought Facebook CEO and newly minted billionaire Mark Zuckerberg was on top of the world, he surprised even his friends by marrying his college sweetheart, 27-year-old Priscilla Chan, just after he led the company to one of the biggest IPOs in tech history. Zuckerberg has been...
  Game Review: 'Prototype 2' For Xbox 360 I love open-world games where the action is only restricted by player fatigue. Being able to run around a huge sand-box of a city, virtually wreaking havoc in creative ways is always fun. “Prototype 2″ builds upon the original, while tightening things and adding just...
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 Motorola won’t update DROID 3, DROID X2 to Android 4
Motorola recently updated its Android release timeline and revealed that certain devices will remain on Android 2.3 rather than receiving an upgrade to Android 4.0 Ice Cream Sandwich. The handsets in question are both modern and more than capable of running the latest Android operating system, however the vendor claims the latest software won’t “improve” the devices, and that’s why updates will not be released. Both the DROID 3 and DROID X2 will remain on Android 2.3, despite the fact that both handsets run dual-core NVIDIA Tegra 2 processors and were released not even a year ago. Read [1] Read [2]
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