Four major tech companies including Apple and Google have agreed to settle a large antitrust lawsuit over no-hire agreements in Silicon Valley. Tech workers filed a class action lawsuit against Apple, Google, Intel and Adobe Systems in 2011, alleging they conspired not to poach one another's employees in order to avert a salary war. The case, closely watched in Silicon Valley, was largely built on emails among top executives, including late Apple Chief Executive Steve Jobs and former Google CEO Eric Schmidt, who agreed not to approach each others employees with job offers.
The bad news for Microsoft in its fiscal-third quarter was that sales and earnings were both off from a year ago. But the company beat Wall Street estimates and showed surprising strength in its Windows business. Shares moved up nicely after hours.
Google + has never gotten the respect its creator hoped, let alone gained much ground on its supposed target, Facebook. Now, Google’s attempt at a social network has lost its leader and chief evangelist, Vic Gundotra, who announced today that he’s leaving Google after almost eight years at the company. Given Gundotra’s departure, a shakeup of Google+ and Google’s social strategy generally seems almost certain. Already, the group may have been reorganized, according to the Wall Street Journal. That doesn’t mean it’s dead.
In its earnings call on Wednesday for the second quarter of its fiscal year 2014 , Apple revealed that more than two out of three cheap iPhone buyers are switching over from Android, highlighting the move as a success for the company. Apple’s Tim Cook said that on the quarter, 62% of iPhone 4s buyers and 60% of iPhone 5c buyers ditched Android smartphones to purchase an iPhone. The more than two-year-old iPhone 4s was a hot seller for Apple during the period, and even though the company did not say how many iPhone 4s units it sold out of the total 43 million iPhone sales during the period.