We could've just listed “the weather” for all 9 reasons and rested our case as a retort to our NYC office's 9 reasons they're glad they don't live in L.A. But we came up with 8 more reasons we're happy we don't live in NYC and are glad L.A. is our home.  It's Monday, but at least you're [...]

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Salesforce.com (CRM) late Monday said it has acquired 14 acres in San Francisco’s Mission Bay neighborhood from Alexandria Real Estate Equities (ARE) as the site for a new corporate headquarters. The company is planning to build a nearly 2 million square foot campus. The purchase price for the land was [...]

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Cowen analyst Gregg Moskowitz this morning raised his rating on VMware (VMW) to Outperform from Neutral. He notes that the stock was down 7% on Tuesday following the company’s Q3 earnings report on Monday, and has now dropped 17% since late September.
“Clearly, Qe bookings below our and Street expectations outweighed [...]

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Synaptics (SYNA) late Monday said CEO Thomas Tiernan has resigned as an an officer and director of the company for “personal reasons.” On an interim basis, the company named Russel Knittel as president and CEO; he will also become a director. Knittel, a former CFO of the company, most recently [...]

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Facebook late Monday sent out invitations to media-types like yours truly to a Wednesday morning press event at the company’s HQ in Palo Alto, which is actually right around the corner, or more accurately, two corners, from Tech Trader Daily HQ. Subject? They’re not saying.
Probably not a movie screening.
Here’s the [...]

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Morgan Keegan analyst Tavis McCourt late Monday reiterated his Outperform rating on Apple (AAPL), while boosting his target on the stock to $350, from $340. McCourt also lifted his September quarter profit forecast to $4.03 a share, from $3.88; for the December quarter he now sees $5.25, up from $5.07. [...]

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Shares of Voltaire (VOLT), an Israeli provider of server and storage switching products, are trading higher after the Israeli newspaper Globes reported that IBM (IBM) could acquire the company, noting that the company has a partnership deal with Blade Network Technologies. On Monday, IBM announced a deal to buy Blade.
VOLT [...]

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Level 3 Communications (LVLT) shares were crushed today after the company late Monday announced plans to offer $175 million of convertible senior notes due 2016 in an underwritten offering. The company will grant the underwriters the right to sell up to another $26.25 million more to cover over-allotments.
The company expects [...]

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France Telecom (FTE) says it has no plans to merge with Deutsche Telekom (DTEGY.PK), Reuters reports.
On Monday, the French trade union CFE-CGC/UNSA raised the possibility of a merger between the two companies after Deutsche Bank boosts its stake in France Telecom to over 5%.

“There is no plan to bring together [...]

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ABC News President David Westin today resigned after 13 years at the network, according to a memo to the Disney (DIS) unit’s staff that was posted on the network’s web site.
Here’s a copy of the memo:
From: Westin, David L.
Sent: Monday, September 06, 2010 5:47 PM
To: ABCTV News ALL
Subject: Transition
Dear Colleague,
A [...]

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