This column highlights the most useful and interesting business and financial commentary on technology every day.
Link: HP Falls Off the Cliff, Analysts 'Throw in the Towel'
“For the last six months an avalanche of bad news has been hitting what was once one of America’s iconic technology companies, and one of the companies that made Silicon Valley Silicon Valley. Can we all just agree now that HP (NYSE:HPQ) is toast?
“Today the news broke that HP’s revenue is down and — worse news — the company paid far too much for its acquisition of Autonomy, and therefore must take an $8.8 billion accounting charge … on top of the $8 billion goodwill write-off the company already took in August.”
Link: The Facebook Mobile Plot Thickens: Orange to Offer ‘Party Call’, A Social Calling Service Starting Summer 2013
“Facebook (NASDAQ:FB) Phone it may not be, but today we have one more example of how users will be able to use Facebook on their phones — and in place of traditional phone services. Today, multinational French carrier Orange announced that it would offer 'Party Call,' a 'social calling' service on the social network. Available on both mobile and desktop versions of the social network, users will be able to call each other, and make 'group calls,' without needing to know or use each other’s mobile numbers to do it.
“The deal was announced at Hello, and innovation event organized by Orange owner France Telecom. Party Call was described by the carrier today as ‘A partnership with Facebook, to introduce more communication tools into social networks, with a first public teleconference service coming in summer 2013.’”
Link: Microsoft Corporation (MSFT) Also Has Black Thursday?
“Microsoft Corporation (NASDAQ:MSFT) apparently is making the decision to join other retailers in moving their Black Friday deals to earlier in the week. However, while some retailers like Target Corporation (NYSE:TGT) and Wal-Mart Stores Inc. (NYSE:WMT) are planning to open their stores Thanksgiving night -- much to the public chagrin of many workers - Microsoft is not doing similar things at its Microsoft Stores locations. However, online it is a different world.”
Link: Amazon.com, Inc.: Why Wait? Shop Amazon's Black Friday Lightning Deals All Week Long
“Amazon.com (NASDAQ:AMZN), Inc. announced that Black Friday Lightning Deals on everything from leading electronics to the most anticipated toys will begin running today through November 24. Customers can also enjoy free shipping on millions of eligible items with FREE Super Saver Shipping and Amazon Prime.
“‘We're offering customers our widest selection of Black Friday Lightning Deals ever and we're bringing doorbuster deals to shoppers earlier this year,’ said Ben Hartman, Vice President of Consumer Electronics for Amazon.com. ‘Customers should check our Black Friday Deals Store regularly to find a vast selection of great gifts at great prices. Plus, there is no need to stand in long lines, fight crowds, or brave the cold weather - shop from the convenience of home.’”
Link: US Said to Waver on Antitrust Case Against Google
(NASDAQ:GOOG) may skirt the most serious antitrust allegations under investigation by the US as regulators waver on whether they can prove consumers are hurt by the way the company ranks its search results, three people familiar with the matter said.
“Federal Trade Commission officials are unsure they have enough evidence to sue Google successfully under antitrust laws for giving its own services top billing and pushing down the offerings of rivals, said the people, who asked for anonymity because the discussions aren’t public. Regulators are also looking at whether the ranking system’s benefits to consumers outweigh any harm suffered by rivals including NexTag Inc. and Kayak Software Corp.
(NASDAQ:KYAK), the people said.”
No positions in stocks mentioned.