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Apple Ordering Less iPhone 5 Components

Apple shares fell after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weaker than expected demand and the product not selling well.  Apple which has fallen to 5.5% market share behind Nokia 19.2% and Samsung...
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CBS bans tech site CNET from reviewing Dish products

Tech site CNET was forced to remove the Dish Hopper with Sling from its “Best of CES” awards due to ongoing litigation between parent company CBS and Dish.  The Hopper was going to be awarded “Best in Show” award.  As most people know CNET owned...
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Intel CEO Retiring

Paul Otellini, Intel’s CEO since 2005 and widely known in Silicon Valley, informed the board on Wednesday that he wanted to retire in May. The 62-year-old had widely been expected to stay in his position until Intel’s mandatory retirement age of 65.  Otellini will be ending a...
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Cisco buys Meraki

Cisco Networking Systems has acquisitioned cloud networking firm Meraki for $1.2 Billion.  Meraki is one of the leaders in cloud controlled WiFi, routing, and security.  Meraki is a San Francisco-based company, founded in 2006 and was funded by Sequoia Capital and Google.  Meraki today supports 20,000 customers...
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Amazon Sells Kindle At Cost

Amazon doesn’t make a dime in profit from sales of its Kindle e-readers and tablets, according to the company’s founder and CEO Jeff Bezos. Bezos has been quoted as saying “We sell the hardware at cost.  We want to make money when people use our devices,...
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Steven Sinofsky Leaves Microsoft

Steven Sinofsky, the executive in charge of Microsoft’s Windows 8 operating system and the driving force behind the new OS, is leaving the company effective immediately.  Sinofsky the public face for Windows 8 and its new Metro interface has lots of nice things to say...
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Craigslist Price Gouging Gas

Since hurricane Sandy there has been people without election for over 10 days in places like New York, New Jersey and Pennsylvania.  Due to this issue people have been relying on generators to run there households, the issue being fuel is becoming scarce in places...
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Systemax Closing Manufacturing Operation

The computer manufacture Systemax is closing their doors and laying off 120 people who will be needing jobs.  The closing will cost about $6 million to $8 million in expenses including severance for the employees.  The company based out of New York, announced it’s closing the Ohio...
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Amazon E-Book Refund

Owners of Amazon.com’s Kindle e-readers will receive refunds on past e-book purchases from April 2010 thru May 2012.  Refunds will be between 30 cents and $1.32.  Amazon sees e-book prices drop if a judge approves legal settlements with publishers accused of fixing prices, according to...
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