10 Things You Need To Know This Morning

Eric Schmidt

Good morning! Here’s the news:

  • LinkedIn has filed to go public. It generated approximately $200 million in revenue last year.
  • Microsoft delivered a strong quarter, with good sales of Office helping the company. It did admit the iPad is affecting netbook sales, but says it’s not a huge problem.
  • Keep an eye on Amazon’s stock. The company reported weak earnings, and it’s stock was falling in after hours trading yesterday.
  • 90% of AT&T’s iPhone subscribers are under contract, so don’t expect a lot of them to jump for Verizon right away.
  • Google is testing cramming display ads in Gmail. Looks pretty ugly.
  • Elevation Partners, the PE firm with Bono and Roger McNamee is imploding.
  • Apple’s going to be selling even more products in China. Its manufacturing partner Foxconn has been given permission to sell Apple products in its retail stores.
  • Lenovo’s chairman is focused on the LePad, and LePhone to fight off Apple. If it loses the battle with Apple, it could be toast, he says.
  • Samsung says it has shipped 2 million Galaxy Tabs.
  • Outgoing Google CEO Eric Schmidt says Facebook is not the enemy, and everyone should stop saying that it is.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.