Brothers Ali and Hadi Partovi founded iLike in 2006. In two years iLike has become the largest music application across all social networks — with 55 million total users and 1.5 billion monthly impressions. No structural changes will be made among management or employees at iLike.

Myspace is owned by Newscorp NWS

The Overland Park, Kan., wireless carrier lost 1.3 million subscribers in the fourth quarter – still an alarmingly high rate – but suggested the declines were stabilizing as predicted. Such stabilization is occurring as growth in the broader U.S. wireless industry slows during a decline in consumer spending and market saturation.

“Despite losing customers, Sprint seems to be moving in the right direction, especially in light of a slow-growth quarter posted by AT&T and Verizon,” said Rick Franklin, an analyst at Edward Jones.

Chief Executive Dan Hesse said he sees subscriber losses narrowing this year. But the company declined to provide further financial details, citing the economic uncertainty.

“These are unprecedented economic conditions,” Hesse said in an interview with Dow Jones Newswires. “We’ve seen some impact, but not dramatic impact. But we can’t guarantee that will continue to be the case.”

Sprint shares recently rose 22.1% to $3.31.

Read more at CNN

“The swing in the revenue outlook is particularly glaring and suggests that, clearly, their business has slowed materially over the last two months,” said Calyon Securities analyst Shebly Seyrafi.

The company earned $1.9 billion in profit on $28.8 billion in sales for the last quarter — which ended on January 31 — though revenue increased only 1 percent compared to the same time in 2008.  HP’s sales of PCs, printers, ink and servers also declined, with several other HP businesses expected to be hurt in the future.

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