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    * Q1 profit T$47.9 bln vs T$43.2 bln analyst view. * Revenue rises 11.7 percent to T$148.22 bln. * Shares fall 0.8 pct before release; benchmark up 0.2 pct. By Michael Gold. Taiwan Semiconductor Manufacturing Co Ltd (TSM) reported its 8th straight quarter of profit growth, as the world's largest contract chip maker booked wider profit margins following a boost in demand from mobile device manufacturers.

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    Sony Corp (SNE) has sold over 7 million Playstation 4 video game consoles as of April 6, the company said on Wednesday. In February, the Japanese company said it surpassed its full-year target of 5 million units by the end of March. The console went on sale on Nov. 29 in the United States, Western Europe and Latin America, around the same time that rival Microsoft Corp's Xbox One was released.

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    GrubHub (GRUB) said on Wednesday it had settled with New York State Attorney General Eric Schneiderman on how the online food delivery service charges its restaurant partners. The goal, Schneiderman said, was to ensure that tips GrubHub (GRUB) collects in delivery orders are distributed in full to the delivery workers for whom they were intended.

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    IBM (IBM) on Wednesday reported lower first-quarter net income and a slide in revenue as a result of a one-time workforce rebalancing charge and a negative currency impact, as well as the usual hardware drag. The company reported a 22% decline in operating net income to $2.6 billion, or $2.54 per share, and a 21% drop in GAAP net income to $2.4 billion, or $2.29 per share.

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    Updated from 4:20 p.m. to include comments from the earnings call. Google (GOOG) shares plunged after the Internet search giant posted first-quarter earnings that missed Wall Street expectations, and paid clicks fell from the first quarter. For the first-quarter, Google's (GOOG) non-GAAP earnings came in at $6.27 per share on $12.19 billion in revenue, excluding traffic acquisition costs.

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    A slow buzz has been building around Alibaba, the Chinese e-commerce giant that is expected to debut on the American stock market in the next few weeks and whose valuation could be above $150 billion. Many Americans have likely never heard of the online retailer, but it dominates China’s e-commerce market and is expected to be one of the largest initial public offerings by a tech company.

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    A slow buzz has been building around Alibaba, the Chinese e-commerce giant that is expected to debut on the American stock market in the next few weeks and whose valuation could be above $150 billion. Many Americans have likely never heard of the online retailer, but it dominates China’s e-commerce market and is expected to be one of the largest initial public offerings by a tech company.

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    A slow buzz has been building around Alibaba, the Chinese e-commerce giant that is expected to debut on the American stock market in the next few weeks and whose valuation could be above $150 billion. Many Americans have likely never heard of the online retailer, but it dominates China’s e-commerce market and is expected to be one of the largest initial public offerings by a tech company.

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    SanDisk Corp (SNDK) posted first-quarter revenue above expectations as its growing focus on high-end solid-state drives helped offset volatile prices for memory chips. SanDisk (SNDK), whose flash memory chips are used in smartphones, cameras and solid-storage devices, said on Wednesday its first-quarter revenue was $1.51 billion, up 13 percent from the year-ago period.

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    AT&T Inc (T) has threatened to sit out a major U.S. auction of airwaves if regulators reserve some of the spectrum for smaller rivals, the No. The Federal Communications Commission recently drafted some of the rules for the complex auction scheduled for mid-2015.

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    Authome  shares are up 13.1% to $35.45 in trading on Wednesday.The increase follows the Chinese online automobile re-seller's "neutral" coverage initiation by analysts at Credit Suisse,Must Read: Warren Buffett's 10 Favorite Growth Stocks. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.

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    IBM Corp on Wednesday blasted a lawsuit filed by Mexican mobile phone operator Iusacell against the U.S. technology company as a "transparent attempt" to avoid complying with contractual obligations. IBM (IBM) said in a statement that Iusacell has failed to pay IBM Mexico what it is owed under the contract.

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    AT&T Inc (T) might sit out a major U.S. auction of airwaves if regulators adopt rules that reserve some of the spectrum for smaller rivals, the No. 2 wireless company said in a filing released on Wednesday. The Federal Communications Commission recently drafted some of the rules for the highly complex auction scheduled for 2015.

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    Yahoo (YHOO)! Yahoo (YHOO)! Video is one of the Sunnyvale, Calif.-based company's four key areas of business, which also includes mobile, social, and native. "We are really encouraged by the progress we saw in Q1," Mayer said. "For example, in the past, Yahoo (YHOO)! Mayer also noted Yahoo (YHOO)! A report earlier this month by The Wall Street Journal suggested Yahoo (YHOO)! The Journal said that Yahoo (YHOO)! While Yahoo!

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    Mexican mobile phone operator Iusacell SA de CV sued IBM Corp on Wednesday, accusing the U.S. technology giant of making fraudulent representations that caused it to lose $2.5 billion in profits. The lawsuit, filed in federal district court in New York, centered on a contract that Iusacell said IBM (IBM) induced it to enter into in Mexico.

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    Bazaarvoice's (BV) $9 million acquisition of FeedMagnet may help the online customer review network expand its services to social media such as Instagram, Pintrest, Facebook (FB), and Twitter, The deal also marks a new strategy for Bazaarvoice (BV) after the Department of Justice fought the company's acquisition of competitor PowerReviews.