Good morning! We're looking at isolated thunder storms later in the afternoon in New York. It's the kind of thing where you have to bring an umbrella, but you probably won't use it. But if you risk not bringing it you get soaked. Annoying. Let's look at the news.Apple reported a solid, in-line earnings report and the stock did nothing in reaction. The main talking point from the earnings report: the iPad remains weak. Unit sales were down 9% on a year-over-year basis. Interestingly, on the call, CEO Tim Cook talked a lot about IBM being key to getting iPad sales growing again. Apple just did a deal with IBM to sell more iPads to the enterprise. Microsoft also delivered a snoozer of an earnings report and its stock did nothing. Reviews of Amazon's phone are out. Overall, it's an okay phone. But the problem is that it's competing with great phones. So, there's no big reason to buy it. LinkedIn paid $175 million for a business marketing company called Bizo. Kara Swisher reports that Google has not had talks to buy Spotify, though it does have a healthy interest in the company. Chris LaRosa, the YouTube product manager in charge of music, has quit the company to join a startup. This is a setback for YouTube's planned subscription music service. Ben Horowitz has a blog post on the biggest mistake CEOs make when starting their companies: The budgeting process. Chinese smartphone company Xiaomi completely copies Apple from the look of its phones to using "one more thing" in its presentations to its CEO dressing like Steve Jobs. And yet... one of its top executives denies that it copies Apple. Weird. Here's a fun one: the most expensive domain names of all time.
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