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VirnetX Wants Half-Billion From Apple: Here's Why
Tuesday, January 26, 2016 - 11:07am | 304A VirnetX Holding Corporation (NYSE: VHC) lawyer told the federal jury Monday that Apple Inc. (NASDAQ: AAPL) owes $532 million for using the company's patented technology for secure communications. "Apple hasn't played fair. They have taken VirnetX's intellectual property without permission,"...
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Facebook's WhatsApp To Take On FaceTime And Skype
Wednesday, January 6, 2016 - 7:57am | 372Last year, Facebook Inc (NASDAQ: FB) CEO Mark Zuckerberg bought messaging service WhatsApp for $19 billion dollars in a deal that many questioned at the time. Since purchasing the app, Facebook has been working to improve its functionality and grow its user base. So far, WhatsApp has more than...
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Microsoft Acquires Talko, A Chat App Developed By An Ex-Microsoft Executive
Monday, December 21, 2015 - 3:12pm | 116Microsoft Corporation (NASDAQ: MSFT) on Monday announced it has agreed to acquire Talko, a chat app that was developed by Microsoft's former chief software architecture, Ray Ozzie. Talko is an app that combines text messages, voice clips, calls and other sharing features all into one convenient and...
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Street Sweeper Smacks MagicJack VocalTec
Wednesday, November 25, 2015 - 2:14pm | 510Shares of magicJack VocalTec Ltd (NASDAQ: CALL) fell more than 4 percent Wednesday morning. The Street Sweeper published a negative report on magicJack, noting the company's "magic" is "vanishing quicker than street magician David Blaine can make a new quarter disappear." The publication added the...
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The 9 Worst M&A Deals In History
Wednesday, November 11, 2015 - 2:48pm | 1551This month, Anheuser Busch Inbev SA (ADR) (NYSE: BUD) formally agreed to buy SABMiller in a $105.5 billion deal, one of the largest in the history of Wall Street. The new company is expected to dwarf competitors in the global market and give Anheuser Busch a favorable position in the beer space. By...
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Facebook Adds Video Calling, Cuts Ties With Skype
Tuesday, April 28, 2015 - 11:59am | 230Facebook Inc (NASDAQ: FB) launched a video calling service Monday to the 600 million monthly users of its Messenger App. Separately, Facebook in recent months has quietly severed its long-standing links with Microsoft Corporation (NASDAQ: MSFT)'s Skype service, according to a report Monday...
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Google Isn't The Only Company In The EU Firing Line
Tuesday, April 21, 2015 - 2:03pm | 420While Google Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) has taken much of the regulatory heat over the past few days due to antitrust charges from the European Commission, the Internet giant isn't the only company that should be worried about the bloc's tightening regulations. EU Telecoms is pushing for...
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5 Of The 'Scariest' Technology M&As
Friday, October 31, 2014 - 12:43pm | 690Before you put on your Halloween costume and head to the nearest monster mash, take a moment to peruse these terrifying mergers and acquisitions. 5. Sprint And Nextel When Sprint Corporation (NYSE: S) merged with Nextel, the two companies had hoped to create the third-largest wireless carrier...
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How Goldman Sachs Group Inc And 13 Wall Street Stalwarts Plan To Change Communication
Wednesday, October 8, 2014 - 3:28pm | 542Goldman Sachs Group Inc (NYSE: GS) is among several financial institutions that have poured $66 million into Symphony, a new communications and workflow tech company. The firm was built with the acquisition of Perzo, a private communications tool from David Gurle. Gurle was appointed CEO of...
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Carl Icahn Isn't Happy About eBay's Board Member Rejections
Monday, March 10, 2014 - 3:13pm | 615Activist investor Carl Icahn had hoped to bring change to eBay (NASDAQ: EBAY) when he nominated two of his own employees to the Board. eBay rejected that nomination and released a statement from independent director and Corporate Governance and Nominating Committee Chairman Richard T. Schlosberg,...
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Peter Thiel Comes Out Against Spinoff As PayPal Battles Continue
Monday, March 3, 2014 - 1:53pm | 629In January, activist investor Carl Icahn called for eBay (NASDAQ: EBAY) to spinoff PayPal. Since then, he has repeated his stance several times. Commenting last week at a conference in Silicon Valley, PayPal co-founder and venture capitalist Peter Thiel was asked if he thought PayPal should be...
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Battle Erupts Between eBay And Icahn
Thursday, February 27, 2014 - 2:38pm | 471Within the past couple of weeks a fierce battle has erupted between Carl Icahn, the legendary investor known for his sharp and witty moves, and eBay (NASDAQ: EBAY). Icahn wants eBay's management restructured; eBay would like to be left alone. Icahn's latest salvo came February 24, when he...
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Craig Barrett Wants Stricter U.S. K-12 Education Standards
Wednesday, February 26, 2014 - 10:12am | 687Craig Barrett, former Intel (NASDAQ: INTC) chairman and CEO, went over education reform on CNBC's Squawk Box Tuesday morning with a specific emphasis on raising the current standards in order for the United States to remain internationally competitive. He also discussed Facebook's (NASDAQ: FB)...
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eBay CEO John Donahoe Wants To Keep PayPal In The Family
Thursday, January 23, 2014 - 1:26pm | 374John Donahoe, president and CEO of eBay (NASDAQ: EBAY), went over the value of the synergies between eBay and PayPal in response to activist investor Carl Icahn's suggestion to have the latter separate from its parent company with claims that it'll accelerate PayPal's growth, on CNBC's Squawk on...
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Two of Your Favorite Apps Were Hacked Already This Year
Thursday, January 2, 2014 - 9:32am | 7002014 isn’t off to a good start for two of the world’s favorite apps. Reports have emerged that Skype and Snapchat were hacked. First Snapchat. The company has confirmed that the popular photo messaging app was hacked and the perpetrators posted a database containing the user names and phone...