Facebook's IPO whodunit
Intrigue surrounds Facebook's public offering, while Google wins patent phase of trial against Oracle. Also: Massive HP layoffs.
As Facebook's stock started its first week of trading, there were some startling allegations as to why the stock was tanking.
Facebook itself may be responsible for investors'
Initially, it looks like Morgan Stanley, the lead underwriter on the massive offering, was to blame for allegedlyfor the company, scaring off many big investors in the days leading up to the IPO. But no one knew why Morgan Stanley -- as well as JPMorgan Chase and Goldman Sachs, which also served as major underwriters for the deal -- would revise their estimates so close to the largest tech offering in history.
Then came word that the underwriters cut their estimates because a Facebook executive instructed them to.
The exchange would have delayed the offering had it known just how bad its own technical problems were, a senior official says.
The decision in the long-running case came as vindication for Google in its bitter battle with Oracle over Android.
The cuts are part of a major overhaul for the company as it looks to trim costs and restart its guttering spirit of innovation.
CNET has learned that the FBI has formed a Domestic Communications Assistance Center, which is tasked with developing new electronic surveillance technologies, including intercepting Internet, wireless, and VoIP communications.
Yahoo's search group attempts to take control of its destiny by launching its own browser. Surprise: It's good.
The online retail giant is tapping its huge customer base and vast technical underpinnings to reshape the way books, movies, and television programs are made.
The social network launches an official iOS app that lets you capture, filter, edit, and share photos.
The long wait is finally over. Google CEO Larry Page says Dennis Woodside, a "long-time Googler," will take over atop Motorola Mobility.
According to a new feature from Fortune, Cook has dramatically changed some things at Apple, making it more corporate than Steve Jobs might have liked.
Three days after a last-second launch abort, a commercially developed rocket and cargo ship blasted off on NASA's first commercial flight to the International Space Station.
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