Items tagged with Business

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 suggested. To put... Read more...
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... Read more...
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 found, only theories.... Read more...
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... Read more...
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... Read more...
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 very strong leader,... Read more...
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 has settled from the... Read more...
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... Read more...
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... Read more...
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 the market place. There's... Read more...
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 electronics devices... Read more...
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. "It's not easy to... Read more...
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 Hai Precision (Foxconn)... Read more...
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... Read more...
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... Read more...
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 in Japan and China.... Read more...
It's not unusual for a company's profits to come up short of analyst expectations, but what's interesting in Acer's case is fact that its performance in the third quarter of 2012 versus what the market experts were anticipating ended up being miles apart. Acer's net income in Q3 reached NT$68 million (about US$2.3 million), the second largest... Read more...
It's said that one's man trash is another man's treasure, and while it appears Texas Instruments wants to rid itself of its mobile division, mega e-tailer Amazon sees the situation as a potential goldmine. To wit, Amazon is reportedly close to striking a deal to buy TI's mobile chip business, which incidentally is... Read more...
Apparently taking a billion dollars from Samsung wasn't enough, Apple wants its rival's engineers, too. It's getting one in Jim Mergard, who previously served Advanced Micro Devices (AMD) for 16 years as vice president and chief engineer before accepting employment at Samsung. Now he's going to work for Apple. It's not unusual to see top level... Read more...
Former Ebay CEO and current chief of Hewlett-Packard, Meg Whitman, inherited a company that was (and remains) on top of the PC pile, but also one that was struggling to find direction. She replaced Léo Apotheker, a software guy who wanted to exit HP from the PC business and focus on software and printing, a... Read more...
Most economists will agree that you have to spend money to make money, but the trick is not to go overboard with the former. It's a balancing act Sony finds itself in at this very moment, having spent $1.8 billion in just the last three months acquiring companies and assets, such as buying a 51 percent stake in Olympus for $645 million just... Read more...
Well here's a bit of promising news. According to a survey conducted by IDC Manufacturing Insights for the United Parcel Service (UPS), around 85 percent of technology executives polled in the U.S. believe President Obama will successfully achieve his goal of doubling exports within the the next three years. Going... Read more...
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