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Larceny, murder, and mayhem are back big time and will likely result in one of the biggest “hits” in video-game history. Grand Theft Auto IV, rated a “10″ by Gamespot, hits the streets. Expectations were high when Microsoft and Bungie released Halo 3 for the Xbox 360 on September…
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The audience and access businesses would run separately, enhancing AOL’s “strategic options,” says CEO Bewkes. Time Warner is working on splitting AOL’s audience and access businesses and running the two as independent entities, Chief Executive Jeffrey Bewkes said on Wednesday. “This should significantly increase AOL’s strategic options,”…
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Although expected to slow, earnings growth could exceed estimates; CEO expected to address strategy for cable, AOL divisions. Time Warner forecast on Wednesday profit growth to slow but possibly exceed analyst estimates in 2008 after reporting quarterly earnings that reflected increases in broadband and phone subscribers and sales…
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Despite delaying two games, company keeps revenue estimates in line with Wall Street targets due to strong sales of Rock Band. Top video game publisher Electronic Arts lowered its profit forecast Thursday as it delayed Mercenaries 2 and a new Battlefield title, sending its shares down 6 percent….
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Chief Executive Kevin DeNuccio will become vice chairman, company says, and Georges Antoun, a Redback vice president, will replace him. The head of telecom equipment maker Ericsson’s Redback Networks is leaving his executive position to become vice chairman of the unit, Redback’s chairman said on Thursday. …
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Holiday demand for cameras, camcorders helps and game division revives, but concern over U.S. economy, rising yen lingers. Sony, maker of PlayStation game gear and Vaio PCs, posted a small rise in quarterly operating profit and cut its outlook as weaker markets eat into its investments and a…
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Shares fell about 3.5 percent after quarterly earnings came in ahead of Wall Street targets, but profit margins declined. Amazon.com on Wednesday issued quarterly earnings and full-year sales forecasts ahead of Wall Street targets, but profit margins declined in what one analyst called a disappointment. Shares of…
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Shares fell about 3.5 percent after quarterly earnings came in ahead of Wall Street targets, but profit margins declined. Amazon.com on Wednesday issued quarterly earnings and full-year sales forecasts ahead of Wall Street targets, but profit margins declined in what one analyst called a disappointment. Shares of…
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Sales growth expected to continue but slow down as company integrates Business Objects; further acquisitions not ruled out. SAP forecast sales growth and higher margins on Wednesday despite a volatile wider economy, but the software maker gave a conservative outlook for 2008 as it expands into new markets….
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Analyst calls the percentage of phones used on wireless networks other than AT&T’s “stunning.” More than a quarter of people who bought Apple’s iPhone are using them on wireless networks other than AT&T’s, the exclusive iPhone carrier in the U.S., a “stunning” number that will pressure the…
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Volatile yen makes Sony execs nervous, but PS3 demand is finally showing signs of picking up, says Howard Stringer. Sony is performing well but is concerned about the strength of the Japanese yen, Sony Chief Executive Howard Stringer said on Friday. “There is always an impact on exports….
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Holiday sales of the Wii and DS game consoles help company more than double fourth-quarter operating profit. Robust holiday sales of its Wii and DS game machines helped Nintendo more than double its quarterly operating profit and prompted it to raise its outlook above market expectations. Operating…
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Worldwide digital sales grow by 40 percent in ‘07, an international trade body says, but the total market is down around 10 percent. Sales of music fell at a faster rate in 2007 than 2006 despite digital sales soaring, and the Web’s gatekeepers must act if the…
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Consumer spending for console and portable games netted $8.64 billion, a 34 percent increase from 2006, with Halo 3 in the lead. DVD sales might have slipped in 2007, but another key segment of the home entertainment market had a banner year: video games. Sales of video…
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Company delivers results in line with forecasts, affirms positive outlook, aims for 1 million U-verse customers by end of 2008. AT&T on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in premarket trading. The company also affirmed its…
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Revenue projected to get a boost as strong computer sales drive demand for company’s Windows operating system and Office software. Microsoft is expected to report a sharp rise in quarterly profit this week, boosted by surging revenue as strong computer sales drive demand for its Windows operating system…
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Aiming to trim labor costs, Sprint also will close 8 percent of its company-owned stores, reduce outsourced services. Sprint Nextel, the No. 3 U.S. mobile service, said on Friday it will cut about 4,000 jobs and close about 8 percent of its stores, predicting further pressure on…
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Even though economic concerns may cut demand, Dell showed signs of revival in fourth quarter while HP’s growth slowed, says IDC. Dell returned to double-digit percentage growth in global PC shipments in the fourth quarter as its new retail sales strategy began to pay off, while rival Hewlett-Packard’s…
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