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Apple reported impressive financial results on Tuesday, setting new records in its quarterly revenue and profit. Now, data from online portfolio manager SigFig indicates that the old Wall Street adage of “buy on the rumor, sell on the news” did not hold true in this case. Read more »

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Apple’s record quarter is prompting a lot of analysts and Wall Street watchers to up their estimates for the stock’s performance. A slew of investor notes released Wednesday suggest few believe Apple’s fortunes have reached their apex. Investors seem to agree, as Apple’s stock opened strong. Read more »

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Choosing a home automation network standard can be a hassle. It’s too bad there isn’t a ubiquitous network standard to use in plug-and-play modules. Oh wait: what about Wi-Fi? Belkin’s new WeMo products use Wi-Fi, which may help move home automation from geeks to the mainstream. Read more »

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New entrants are pushing alternative business models in the music industry. Though this evolution will take time, the overall industry should return to growth within the five-year forecast horizon, as digital music spending, driven by subscriptions, will average double-digit yearly growth to total $4.1 billion in 2015. Read more at GigaOM Pro »

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RIM has announced it has replaced co-CEOs Mike Lazaridis and Jim Balsillie with Thorsten Heins, the current COO. The change was necessary but Heins will have to make a clear break from RIM’s past performance, which at least initially he doesn’t appear anxious to do. Read more »

For sale sign

Comcast claims it tried but failed to build a wireless business multiple times before it sold out to Verizon. Assuming Comcast is being honest, its failure has big implications for U.S. mobile competition. If Comcast can’t make wireless work, what hope is there for a newcomer? Read more »

Box's Aaron Levie at GigaOM Net:Work 2011

It’s not surprising that Box CEO Aaron Levie says CIOs are ready to approve big corporate cloud storage deals. But it is somewhat surprising that outside experts with no dog in this fight agree that cloud storage is coming to the enterprise. Read more »

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Apple’s e-textbook tools and platform announcement wasn’t a huge surprise. But what’s become more clear after hearing Apple’s pitch, which is aimed at K-12 school teachers, school districts, homeschooling parents, publishers and students themselves, is that the future of textbooks isn’t a book at all. Read more »

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We are barely into the second decade of this century and already one Harvard Business School academic (who is a former CEO himself) is naming his candidate for CEO of the 21st century. His choice may or may not surprise you. Check it out. Read more »

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We’re here at Apple’s education event at the Guggenheim Museum in New York City. The company is expected to launch a set of tools that allow self-publishing of textbooks and possible partnering with textbook makers to push a digital learning initiative. The event and our live […] Read more »

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Continuing a yearlong trend, the fourth quarter in big IT was all about big data, and Hadoop in particular. Still, many are beginning to recognize the software framework’s shortcomings, which is why this quarter also saw more attention for startups claiming easy analytics and real-time processing. Elsewhere in infrastructure, SaaS startups made out well and valuations for these companies are getting higher, and naturally there was news from the AWS camp. This quarterly wrap-up examines these events and more, including the quarter’s dark spot, the hike in prices in the hard-drive manufacturing space due to the floods in Thailand. Companies mentioned in this report include Calxeda, Heroku, Rackspace, Salesforce.com and Tier3. For a full list of companies, and to read the full report, sign up for a free trial. Read more at GigaOM Pro »

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