Items tagged with 'Business'
Microsoft Appoints Amy Hood As New Chief Financial Officer
What do you do as a major, billion dollar corporation when your chief financial officer steps away? You find another one, preferably one you're familiar with. That's what Microsoft has done, after announcing during its Q3 2013 earnings report that existing CFO Peter Klein would be stepping away after June. So, Microsoft... Read More
Sprint's Data Link And Static IP Services Find Homes On LTE Network
As carrier networks gravitate more and more towards data (and less towards pure voice services), Sprint has announced a bolstering that'll position it to serve its future customers -- folks who will no doubt be clamoring for plenty of IP-based information. The operator this week launched Sprint Data Link and Static IP networking... Read More
Apple Audit Uncovers Underage Workers, Fires Chinese Supplier
Apple has terminated its contract with a third-party labor supplier in China after an audit discovered it had "intentionally" hired dozens of underage workers. The audit uncovered 74 cases of underage labor at the one facility, and 106 active cases overall, the remaining ones resulting from an inability to detect forged... Read More
AT&T Still Itching for a Telecom Acquisition
Stop us if you've heard this one before: AT&T is looking to merge with a telecom...what's that, you have heard this one? Well this time it's different. AT&T isn't looking to make another run at T-Mobile, the U.S. subsidiary of Deutsche Telekom, and presumably the wireless carrier learned its lesson about offering... Read More
Harsh Reality: Investors Overpaid for Apple Stock
We hate to break it to investors who dumped barrels of cash into Apple over the last several months, but the bitter truth is it was a bad investment. Maybe in the long term they'll all look like savvy investors and the past three months will become a distant memory. Or maybe Apple was never worth as much as its share price... Read More
Intel’s Otellini Notes Company is Looking Within for His Replacement
Intel Chief Paul Otellini recently announced that he plans to retire from chipzilla in May 2013, which leaves the world's largest semiconductor player plenty of time for find a replacement. Who will it be? That's the big question that nobody knows the answer to, though Otellini did indicate that it's likely to be someone... Read More
Apple Shares Take a Nosedive, Worst Slide Since 2008
Finicky investors weren't as high on Apple yesterday as they have been in the past. Apple's share price dropped 6.4 percent on Wednesday, representing the company's biggest single-day drop in four years and shaving $35 billion from its market cap. What gives? That's a good question, and there are no concrete answer to be... Read More
HP Announces Next-Generation Windows 8 Convertible EliteBook Revolve
Although HP's attempt at competing in the consumer tablet market with the HP TouchPad may have been short-lived, the company has continued to compete in the business segment of the market with products such as the ElitePad. In yet another effort to attract the business crowd, HP recently announced the new HP EliteBook Revolve.... Read More
HP Acknowledges "Serious Accounting Improprieties" in Q4 Financial Statement
Hewlett-Packard today announced financial results for its fourth fiscal quarter and full fiscal year ended October 31, 2012, noting an $8.8 billion asset impairment charge related to the acquisition of software firm Autonomy. That's a pretty big write-off, and HP is essentially claiming fraud on the part of Autonomy. "The... Read More
Intel Chief Paul Otellini to Retire in May 2013
Intel President and Chief Executive Officer (CEO), Paul Otellini, is calling it quits, though he isn't stepping down from the world's largest chip maker immediately. Instead, he'll work through the holiday season and into the second quarter of 2013 before retiring in May, Intel announced today. "Paul Otellini has been a... Read More
Apple Stock Price Slides to a 6 Month Low
When you're hot, you're hot, and when you're cold, well, things are still pretty good if you're Apple. Ahead of the iPhone 5 launch, the Cupertino company saw its share price hit an all-time high a couple months ago, reaching more than $705. Since then, Apple's share price has been steadily declining. Now that the dust... Read More
Dell Sees Drop in Desktop and Mobile Revenue; Profit Cut Nearly in Half
Dell's fiscal 2013 third quarter revenue dipped to $13.7 billion, down 11 percent sequentially, the company announced this week. Battered by weak spending in the PC sector and a trend towards mobile handheld devices, Dell's profit was cut nearly in half, declining 47 percent to $475. Dell warned that it "sees the challenging... Read More
Facebook's Mega Stock Lock-Up Expires Today, Share Price Sees Early Surge
Wall Street's going to be busy today as some 800 million Facebook shares held by insiders become eligible to trade, completely free of previous lock-up provisions. This isn't the first wave of restricted Facebook stock to be freed up -- Facebook Chief Operating Officer Sheryl Sandberg has already offloaded more than $11... Read More
AMD Refutes Reuters' Claim, Company Not Up For Sale
The Internet is abuzz this evening after Reuters ran an exclusive report claiming Advanced Micro Devices (AMD) had hired J.P. Morgan Chase & Co. to "explore options," including a potential sale of the company. You can imagine the sullen faces on AMD fans far and wide, and also those who favor healthy competition in... Read More
Foxconn Mulls Opening a Manufacturing Plant in the U.S.
This one's probably a long-shot, but apparently Foxconn (Hon Hai Precision Industry) is thinking about branching out and building manufacturing facilities in the United States. Two potential destinations reportedly being evaluated include Detroit, Michigan and Los Angeles, California. Foxconn is a major manufacturer of... Read More
Apple Shares Slide to Five-Month Low
Perhaps as the result of a momentary sense of panic following Foxconn's reiteration that those newfangled iPhone 5 models are a bear to build, investors grew slightly skittish yesterday and sent Apple's share price down nearly 4 percent by the end of the trading day. Apple stock is now the lowest it's been in five months.... Read More
Apple May Have Saved Sharp with $2 Billion Investment
Sharp recently warned investors that it was on the verge of collapse after doubling its full-year net loss forecast to $5.6 billion, citing a "worse than expected drop" in LCD TV sales in Japan and China. At the time, it was being reported that Sharp was looking for outside help to stay afloat, and was in talks with Hon... Read More
ARM Flush with Cash, Rising Stock; Could be Ripe for Acquisitions
One of the biggest benefactors of the mobile device revolution that's taking place right before our very eyes is ARM, which licenses its technology to a number of players, like NVIDIA and Qualcomm (to name just two). If you own a smartphone or tablet, there's a good chance it's rocking ARM-based hardware inside. As a result,... Read More
Facebook Chief Operating Officer Sells $7.4M In Company Stock
Following the expiration on insider trading restrictions, Facebook's Chief Operating Officer (COO) Sheryl Sandberg unloaded around 353,000 shares of the social networking site worth about $7.44 million, she disclosed in a filing with the Securities and Exchange Commission (SEC) on Friday. That represents the majority of... Read More
Cash Strapped Sharp Taking "Drastic" Measures to Survive
Purchased a new television lately? Unfortunately for Sharp, most people aren't upgrading their TVs, hence part of the reason why the struggling electronics maker doubled its full-year net loss forecast to $5.6 billion. Speaking to its second quarter financial results, Sharp noted a "worse than expected drop" in LCD TV sales... Read More
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Hottest Smartphone of 2013
