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 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. ...
Watch: Apple-Samsung Feud
Court orders CEOs from Apple, Samsung, to meeting to discuss patent dispute.
  Alibaba repurchases half of Yahoo’s stake for $7.1 billion
 As Yahoo’s struggles continue, the company is looking to cut costs and dig up cash wherever it can. Yahoo announced plans last month to lay off 2,000 workers, or nearly 15% of its staff, and before that it filed a “puzzling” patent lawsuit against long-time partner Facebook. Now, Yahoo will sell half of its 40% stake in China-based retail giant Alibaba. Led by Chinese Internet entrepreneur Jack Ma, Alibaba will repurchase part of Yahoo’s holdings in the e-commerce firm for $7.1 billion as it prepares to take the company public. The deal, which was announced in a joint statement on Monday, will see Yahoo sell half its stake in Alibaba for $6.3 billion in cash and as much as $800 million in new preferred
Cable cos to share access on 50,000 Wi-Fi hotspots
Cable TV companies are trying to give their customers another reason not to cancel their service: better access to Wi-Fi hotspots. 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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