Items tagged with Business
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...
Sony and Olympus are kicking off the weekend by entering into a "business alliance agreement" and a "capital alliance agreement," which are essentially fancy ways of announcing a big time investment of one into the other. In this case, Sony is tossing about $645 million at Olympus in order to become the company's largest shareholder. After...
Read more...
The number of brick-and-mortar electronics shops available to do-it-yourself (DIY) system builders and consumer electronics (CE) junkies has fallen dramatically in the past several years. First it was Good Guys that fell by the wayside in 2005, then CompUSA that sunk itself into financial trouble a year later before being bought out by Systemax,...
Read more...
Not even a week after Apple held a press event to announce the iPhone 5 (and new iPod models), the company's share price has shot up and above the $700 mark, ending the day at $702.10 on Wednesday. Apple's market capitalization now sits at $658.15 billion, an obscenely high valuation that underscores the legacy Steve Jobs left behind. Credit...
Read more...
With each quarter that passes, it's clear Lenovo knows how to run a business. A little less than three weeks ago, Lenovo announced it had raked in more than $8 billion in revenue and $141 million in profits during its first financial quarter, representing year-over-year gains of 35 percent and 30 percent, respectively. The company is outpacing...
Read more...
"Nothing lasts forever," as the saying goes, and the time has come to wave goodbye to a staple of the photography industry. Eastman Kodak has announced intentions to sell off the film business that made it an icon around the world. In an effort to raise cash for itself (and perhaps fund ongoing digital patent battles), its traditional print-film...
Read more...
An unlikely partnership was formed when HTC acquired a controlling interest in Beats Audio, the headphone company co-founded by hip-hop/rap artist Dr. Dre. In August 2011, HTC purchased a 51 percent stake for $300 million and promptly gave itself exclusive rights to build smartphones with Beats Audio sound. That arrangement worked well for...
Read more...
