News & Analysis

In tech, there were reports that Google would formally announce its withdrawal from the Chinese market next week

In tech, there were reports that Google would formally announce its withdrawal from the Chinese market next week, setting off a debate among industry watchers about which firms would most benefit from the move. Additionally, the London Independent reported that Facebook overtook Google as the most popular site in the US for the first time, based on data from Hitwise. Apple is reportedly encountering some difficulty getting media companies to provide content for its forthcoming iPad product; the tablet computer is scheduled to launch April 3rd. In earnings, Palm's quarterly losses was higher than expected as the smart phone maker's business continues to be hammered by the competition. Palm's CFO said he see next quarter's revenue at half the expected amount due to a "significant decline" in orders for its Pre and Pixi smart phones and building inventories caused by insufficient training of retailers' staff.