It was a busy morning at IBM. The computer giant’s board of directors authorized an additional $10 billion for the company’s stock repurchase program and declared a regular quarterly cash dividend of 65 cents.
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The world’s largest chipmaker turned on the lights Tuesday at its first chip plant in China. Intel co-founder Andy Grove, who recently called for keeping tech jobs in the U.S., might not be so proud.
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Sprint Nextel (S) is aiming to undercut Verizon Wireless by offering Samsung’s (SSNHY) Galaxy Tab for one third less than its rival.
There’s a catch.
Sprint will offer the Galaxy for $400 starting Nov. 14, Reuters said. To get that price, customers…
Sony shares rose as much as 3% on Tuesday in Japan on rumors it could be a potential acquisition target of Apple. But the media reports that the traders cited were apparently just musings by columnist Eric Savitz of Barron’s.
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Welcome to the new world of gaming.
Zynga Game Network, maker of online games such as “FarmVille”, is now worth more than gaming giant Electronic Arts (ERTS), Bloomberg News reported.
Zynga is valued at about $5.51 billion, according to SharesPost Inc, an exchange for shares in privately held companies. Electronic Arts is worth $5.16 billion on the Nasdaq.
Online gamer Zynga makes…
Continue reading Zynga Game Network Now Bigger Than Electronic Arts
Zynga Game Network Now Bigger Than Electronic Arts originally appeared on DailyFinance on Tue, 26 Oct 2010 07:49:00.
Filed Under: Company News, Technology, Media, Electronic Arts