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Warren Buffett believes that there was nothing illegal about Goldman’s actions when handling Abacus. He believes that if due diligence was really done, there would be no reason for this investigation or frivolous lawsuits because you would never have invested in the fund. Many investors support Buffett’s thinking not only because it makes sense, but mainly because they don’t care and aren’t affected. (more…)
Earlier today, HP (NYSE: HPQ) announced that it will purchase Palm, Inc. (NASDAQ: PALM) for $1.2 billion. Palm, a provider of smartphones powered by the Palm WebOS mobile operating system, closed at $4.63 today. However, the stock price has jumped up well over 25% in after hours trading, pushing the stock price to almost $6 a share. (more…)
Oracle Corp. (NASDAQ: ORCL) announced today that it has agreed to acquire Phase Forward (NASDAQ: PFWD), a leading provider of applications for life sciences companies and healthcare providers. The deal will take place through a cash merger for $17.00 per share, valued at almost $700 million. Deployed in over 10,000 clinical trials, Phase Forward’s software has been used successfully by hundreds of customers to accelerate innovation in drug development and patient care delivery. (more…)
Palm Inc. (PALM) has put itself up for sale. The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because the sale isn’t public. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may make offers, said the people. (more…)
Google Inc. is looking to expand it’s global sales by hiring 500 new employees. According to a Google spokesperson, the staff increases are being driven by a desire to keep the company to moving forward in a rapidly changing digital media marketplace. Chief executive Eric Schmidt had said during company results in October that Google would be stepping up recruitment, particularly in advertising from sales to mobile search. (more…)
According to news sources, Apple Inc. (AAPL) sold over 300,000 iPads during it’s debut on Friday. This number includes the people who pre-ordered their device online, shipments to stores like Best Buy, and retail sales from Apple. Regardless of how this number is calculated, we’ll be able to tell how much consumers really want this product by the end of the week. (more…)
Today, Sprint Nextel Corp. (S) announced that they are in search for 125 new employees for their call center in Rancho Cordova, Washington. They are not only hiring here, a few days ago they announced 100 employees will be hired in their Orlando call center. This decision is in anticipation of increased customer expectations with the accelerated national roll out of Sprint’s 4G network coupled with an overwhelming response to the new HTC EVO. (more…)
Yesterday, Cisco Systems Inc. (CSCO) was given European approval to move ahead with the acquisition of TANDBERG. The antitrust division of the DOJ (Department of Justice) also announced they will not challenge the acquisition of the video conferencing company. Although the transaction remains subject to ongoing regulatory review in Brazil, the companies anticipate completion of the deal in the coming weeks. (more…)
According to a press release from Sprint today, they are looking for 100 employees to staff their Orlando Contact Center. In this horrible job market, it’s nice to see a company looking to hire so many people, while many others are looking to cut employees. Starting at 9am today, Sprint representatives will meet with interested job-seekers who to learn more about the positions. (more…)
Google Inc. (GOOG) has announced that it will pull out of mainland China. They will circumvent the censorship of their content by moving their search engine operations to Hong Kong, where their content is already unfiltered. This decision is the result of the company’s constant issues with content censorship and compounded when they were the target of hackers from China’s universities. (more…)
Yahoo! Inc. (YHOO) announced that it will acquire technology company Citizen Sports. Citizen Sports generates revenue by building products designed specifically for sports fans and brings them to you via mediums like your iPhone or your social networking site. Hopefully, this integration will further transform Yahoo! into a more personally relevant experience. (more…)
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