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YouTube Close To Film Deal

An item in today’s New York Times (nytimes.com) indicates that Google’s YouTube is close to finalizing a deal with major Hollywood studios to offer their new release films for rentals. Sony Pictures Entertainment, Universal…

Amazon Costs Up, Profits Down

Amazon.com Inc.’s (ticker symbol AMZN) earnings announcement has been released, showing quarterly profits plunged 33% as the online retailer spent ferociously to build more fulfillment centers and expand its technology offerings, becoming the latest…

Why Do Social Networks Have to Die?

Frindster, launched back in 2003, was the first major social network the world has seen. Now, 8 year later, the once popular site is closing down and completely overhauling its agenda. The company announced…

Yahoo Contemplates Hadoop Spinoff

An item in today’s Wall Street Journal (wsj.com) indicates that Yahoo (ticker symbol YHOO) may be contemplating spinning off its’ Hadoop software engineering unit into a new separate firm that would continue to develop…

HP Makes the Most out Of 3PAR Acquisition

Today Hewlett-Packard announced that New York-based full-service securities firm Samuel A. Ramirez & Co., has chosen replace its aging IT infrastructure and deploy HP 3PAR Utility Storage. The firm, which reportedly manages more than…

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