AP Technology NewsBrief at 7:05 p.m. EST
(Associated Press Via Acquire Media NewsEdge) Facebook stock climbs after upgradeNEW YORK (AP) _ Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue. Bernstein Research analyst Carlos Kirjner said Monday that Facebook Inc. is likely to beat Wall Street's revenue expectations over the next 12 to 24 months. He expects Facebook to hit $6.98 billion in revenue in 2013, some 9 percent higher than the average analyst's expectation. In 2011, the social network reported revenue of $3.71 billion.
Nintendo says more than 400,000 Wii Us sold in USNEW YORK (AP) _ Nintendo has sold more than 400,000 of its new video game console, the Wii U, in its first week on sale in the U.S., the company said Monday. The Wii U launched on Nov. 18 in the U.S. at a starting price of $300. Nintendo said the sales figure, based on internal estimates, is through Saturday, or seven days later.
HP investor sues company for handling of 2 dealsSAN FRANCISCO (AP) _ A Hewlett-Packard shareholder has filed a lawsuit alleging the troubled technology company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. The complaint filed Monday in a San Francisco federal court comes after Hewlett-Packard Co. stunned Wall Street last week with its own allegations of accounting shenanigans at Autonomy, a business software maker it acquired for $10 billion last year.
Yahoo's stock hits $19 for 1st time since 2010SAN FRANCISCO (AP) _ Yahoo's shares touched $19 Monday, the first time they have traded that high in more than two and half years. The latest gains extend a rally that has been gaining momentum in recent weeks as Yahoo Inc. buys back its own stock and more investors bet on CEO Marissa Mayer's ability to turn around the long-struggling company.
Web access battles brew before UN conferenceDUBAI, United Arab Emirates (AP) _ An upcoming U.N. gathering about Internet oversight is raising alarms from a broad coalition of critics, including the U.S., tech giants such as Google and rights groups, concerned that changes could lead to greater efforts to censor Web content and stifle innovation in cyberspace. Among the issues on the agenda at next month's meeting in Dubai are ideas to battle Internet spam and fraud. But also tucked into more than 1,300 proposals are potential hot-button items that opponents believe could be used by in places such as Iran and China to justify their crackdowns on bloggers and other Web restrictions.
Research In Motion shares climbTORONTO (AP) _ Shares of Research in Motion Ltd. Jumped nearly 14 percent Friday as investors seemingly grew more optimistic about a February launch of the Canadian company's much-delayed BlackBerry 10 smartphones. RIM will release the latest version of its smartphone "not too long" after a Jan. 30 launch event, Kristian Tear, the company's chief operating officer, has said.
Facebook proposes to end voting on privacy issuesNEW YORK (AP) _ Facebook is proposing to end its practice of letting users vote on changes to its privacy policies, though it will continue to let users comment on proposed updates. The world's biggest social media company said in a blog post Wednesday that its voting mechanism, which is triggered only if enough people comment on proposed changes, has become a system that emphasizes quantity of responses over quality of discussion. Users tend to leave one or two-word comments objecting to changes instead of more in-depth responses.
Feds seize 132 domain names to stop knockoff salesBUFFALO, N.Y. (AP) _ Federal law enforcement authorities have announced the seizure of 132 domain names in several countries to stop them from selling counterfeit merchandise online. The Cyber Monday crackdown comes on what's expected to be the biggest online shopping day of the year. U.S. Immigration and Customs Enforcement's Homeland Security Investigations coordinated the effort with Europol and police in Belgium, Denmark, France, Romania and the United Kingdom.
Review: Gift guide to full-size tabletsNEW YORK (AP) _ Tablets are at the top of many wish lists this holiday season. But what to get The choice used to be pretty limited, with the iPad dominating the latecomers. But this year, the field is more even, as tablets from Apple's competitors have matured. In addition, Google and Microsoft are diving in with their own tablets, providing more choice. The first step in the buying process is to decide on the size of the tablet. They fall into two rough categories: the full-sized tablet, pioneered by the iPad, and the half-size tablet, epitomized by the Kindle Fire.
Review: Gift guide to smaller tabletsNEW YORK (AP) _ The tablet computer is without a doubt the gift of the season _ just like it was last year. But if you resisted the urge in 2011, now is the time to give in. This season's tablets are better all around. Intense competition has kept prices very low, making tablets incredible values compared to smartphones and PCs. The first step in the buying process is to decide on the size of the tablet. They fall into two rough categories: the full-sized tablet, pioneered by the iPad, and the half-size tablet, epitomized by the Kindle Fire.
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