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Tech Observer

by Laura Rich
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Aug 06 2008 6:14pm EDT

Last Bytes: Time Warner, SprintNextel, Yahoo, iPhone, Facebook

-- Thanks in part to the weight of AOL, Time Warner's dying online unit, company earnings fell 26 percent in the second quarter. [Portfolio.com]

-- SprintNextel reported a second quarter loss, but said it had lost fewer customers than in the first quarter. [AP]

-- Carl Icahn has officially joined Yahoo's board, and is expected to press for a strategic deal. [Reuters]

-- Remember that $1000, "I Am Rich" iPhone application that did nothing? Well, it's gone. [SAI]

-- Apparently, "dozens" of Facebook executives are trying to sell stock in the company. [Venture Beat]

-Sam Gustin. □

Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.

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