The numbers on the Facebook earnings revisions
SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted the negative impact of mobile users on Facebook's business. While Facebook did not provide any specifics in its amended S-1 filing, the four underwriters reduced their earnings and revenue estimates for both the second quarter of 2012 and the full year within the next two days, according to sources. ... Watch: Grad Gadget Gift Guide
Speakers, Apple TV, Tablets: Great graduation gift ideas for tech-savvy grads.
  ooVoo: 12-Way Video Calling Comes to Facebook and the iPad
Skype and FaceTime might be the household names when it comes to video calling these days, but ooVoo doesn’t want that to be the case for much longer. Today the video chat service announced that it’s bringing its 12-way video calling feature — yes, you...
Best Buy tops expectations in Q1, online revenue and mobile sales up
 Best Buy on Tuesday reported results for the first quarter of 2012. The electronics retail giant posted better-than-expected earnings per share, despite declining store sales. Revenue came in at $11.6 billion, ahead of analysts’ consensus of $11.52 billion, and non-GAAP earnings came in at $0.72 per share, up 11% from the same quarter in 2011 and beating the Street’s estimates of $0.59 per share. Domestic online revenue rose by 20%, and domestic mobile-phone sales increased by 13%. “Best Buy is in a turnaround, and the strategic priorities we laid out at the beginning of the year are just the first phase of the changes to come,” said Mike Mikan, CEO (interim) of Best Buy. “We know we have to better
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Facebook is set to launch its initial public offering.
Watch: Apple-Samsung Feud
Court orders CEOs from Apple, Samsung, to meeting to discuss patent dispute.
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