Items tagged with Business
Advanced Micro Devices (AMD) saw its share price drop by more than 8 percent after announcing preliminary second quarter financial results with lower than expected sales numbers. The chip designer told investors it expects revenue to dip around 11 percent sequentially in Q3, which is in sharp contrast to a previous...
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It's really not a great time to be in retail consumer electronics sales. Or maybe it's just not a great time to be Best Buy. The United States' largest consumer electronics retailer hasn't had a great year, with its CEO stepping away and sales / profits sliding. Now, it's taking measures to ensure that it doesn't slip...
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Micron Technology, founded in 1978 in Boise, Idaho and one of the state's largest employers, announced it has signed a definitive agreement to acquire struggling Elpida Memory in a deal worth $2.5 billion. Under terms of the agreement, Micron will acquire a 100 percent stake in Elpida in exchange for a lump sum cash...
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Quick, someone queue up Neil Sedaka's "Breaking Up Is Hard To Do," because that song describes how LinkedIn must be feeling after Twitter decided it was time to end their two-and-a-half-year partnership and move on. "Consistent with Twitter’s evolving platform efforts, Tweets will no longer be displayed on LinkedIn starting later today,"...
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T-Mobile announced two new suites of mobile broadband data plans that are designed with businesses in mind. The new plans offer the choice of predictable monthly billing with no overage fees or high-speed access plans with pre-determined rates. The predictable monthly billing plans will slow data transmission speeds when the monthly data allotment...
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New research suggests that higher ups holding positions in senior management either don't know where their company's data resides, or aren't sure. That might not be surprising to folks who find themselves continually frustrated trying to communicate with decision makers who seem disconnected from day-to-day...
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Amazon founder and chief executive officer, Jeff Bezos, once held a job flipping burgers at McDonald's. Today his net worth is estimated at $20.2 billion, making him the richest Internet entrepreneur in the entire world. He's far from the only one to have made billions on the Internet, however, as there are at least...
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At nearly $590 per share, you might be wondering how you can afford to purchase shares of Apple (AAPL), especially in this economy. But if you have money to invest, a better question to ask is how can you afford not to purchase Apple stock? That might sound absurd, but in a note to investors, Topeka Capital Market's Brian White reiterated...
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Job cuts in the tech industry has become an all too common theme in the past couple of years, and the latest round of redundancy reductions is set to take place at Logitech. The peripheral maker announced plans to restructure its operations and simplify its organization to "better align costs with its current business...
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So, this is interesting. Evidently, making $1.6 billion in pure profit in a quarter isn't enough to justify keeping 27,000 on the payroll. It's obviously never that easy, nor that cut and dry, but HP is choosing a quarter where it profited more than some companies will ever gross to suggest that job cuts are in the...
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Despite all the lawsuits with Apple and bickering over patent claims, injunctions, and all the other behind the scenes drama, Samsung has hit its stride, posting record quarterly operating profit of 5.8 trillion won ($5.13 billion in United States currency). That's up from 2.95 trillion won ($2.6 billion) from one year ago, and up from 5.3...
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Yahoo today confirmed plans to hand out around 2,000 pink slips to its employees, which is roughly equivalent to 14 percent of its workforce. The planned layoffs are an attempt to turn things around at Yahoo in a massive reorganization effort led by the company's new CEO, Scott Thompson, the former PayPal president who joined Yahoo in January...
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Sonic the Hedgehog could use a big hug right about now, and so could everyone else at Sega. After holding a meeting with the company's Board of Directors, Sega this weekend decided it was time to restructure its operations in order to cope with a "challenging economic climate" and adapt to "significant changes in the home videogame software...
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Slumping PC sales and a struggling economy have done nothing to stifle Intel's swagger, and in fact the Santa Clara chip maker is sitting pretty with its highest annual market share in more than a decade, according to data compiled by IHS iSuppli.The leading chip maker grew its overall semiconductor market share from...
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Job security is tough thing to come by these days, a fact that resonating in various departments at International Business Machines (IBM), the third-largest publicly traded technology company in the world and the largest computer services supplier on the planet. Despite its credentials and standing in the global...
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Shares of Apple rose to above $500 for the first time ever on Monday, continuing a rally that began over two weeks ago when the Cupertino outfit reported record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. Those and other positive figures weren't...
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Lenovo's been on a roll as of late, and as a result, it's been rolling in the dough. The PC maker reported pre-tax income of $192 million for its third fiscal quarter ended on December 31, 2011, a whopping 59 percent year-over-year increase and a record high, along with record quarterly sales of $8.4 billion. Those...
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Fujitsu is chasing after business users living in Japan with its new and weirdly named Stylistic M350/CA2 Android tablet. It's a 7-inch slate Fujitsu recommends for a variety of enterprise applications, such as a portable tablet for pitching business presentations to clients, a digital display terminal for retail...
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Apple may be closer than you think to true worldwide PC domination. While the company has long-since dropped the "Computer" from "Apple Computer," evidently things are looking up on the PC side. Microsoft has held a huge, huge advantage in the desktop OS marketshare race for years, even as the iPod demolished the Zune...
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Samsung's rolling in the dough after posting a profit of 5.3 trillion won in 2011, or $4.73 in U.S. currency, representative of a staggering 79 percent year-on-year growth rate. Smartphone sales have been for key for Samsung, and despite ongoing litigation with Apple over patent infringement claims, Samsung's shipped more mobile phones in...
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If there were any lingering doubts about Apple CEO Tim Cook being capable of keeping the momentum going that Steve Jobs initiated before his untimely death, go ahead and toss them out the window. Apple last night announced quarterly revenue of $46.33 billion and quarterly net profit of $13.06 billion, both record numbers for the Cupertino...
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Even though it's illegal to print your own money, the end result of what Intel's doing isn't all that much different. We're not suggesting the Santa Clara chip maker is running afoul of the law in any way, but when you report full-year revenue of $54 billion, as Intel just did, the results are the same -- money to...
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