Facebook, banks sued over pre-IPO analyst calls
(Reuters) - Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were accused of concealing from investors during the IPO marketing process "a severe and pronounced reduction" in revenue growth forecasts, resulting from increased use of its app or website through mobile devices. Facebook went public last week. The lawsuit was filed in U.S. ...
‘Xbox 720′ slated for November 2013 release, report claims
Microsoft plans to launch its next-generation Xbox video game and home entertainment console ahead of the holidays next year, according to a recent report. The Los Angeles Times on Monday published a developer contract between Acitivision Blizzard and famed Halo developers Bungie. The firms are currently working on a new Massively Multiplayer Online franchise called Destiny, which will be a first-person shooter with a science fiction theme. While the fact that the companies currently have four titles planned for the series is exciting for gamers in itself, another tidbit may be even more titillating; the contract suggests that the first Destiny title will launch ahead of the holidays next year as an exclusive for Microsoft’s Xbox 360 and its next-generation console, which
Microsoft sees Windows 8 as ‘rebirth’
Microsoft is betting big on its upcoming Windows 8 operating system, which looks to bridge the gap between smartphones, tablets and desktop computers. Microsoft CEO Steve Ballmer on Tuesday called the operating system a “rebirth” of the Windows brand and described it as the ”deepest, broadest and most impactful” Windows software ever created, Agence France-Presse reported. “It’s really, in some senses, a dawning of the rebirth of MS Windows… It’s certainly the most important piece of work we’ve done,” he said at a forum in Seoul, South Korea, adding that an estimated 500 million users will have Windows 8 on next year. The CEO went on to promise the “best economic opportunity” for device makers and app developers who adopt the
Qwiki Turns Everyone into a Broadcaster
A new website lets people create interactive video and text packages.
Ahead of the Bell: Mass layoffs looming at HP
Hewlett-Packard Co. is expected to announce deep cuts in its workforce Wednesday afternoon when the world's largest personal computer and printer maker is scheduled to release its latest quarterly results.
Can Windows 8's Apps Beat the iPad's?
USA Today, American Airlines, Slacker and others have made beautiful Windows 8 apps.
