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Displaying items by tag: Financial

Saturday, 24 August 2013 04:32

Time for Ballmer to step down from the throne

ballmer

With the words, "There is never a perfect time for this type of transition, but now is the right time“ Microsoft executive Steve Ballmer has announced his departure from the head position of the company where he arrived 13 years ago when Bill Gates announced that he has decided to retire and pursue other life goals.

Published in News
Friday, 16 August 2013 17:54

Big profit decline at Dell

decline

Dell has released a quarterly report that could be the last one published by them as a company listed on the stock exchange. Although revenues in the second quarter of this year were still somewhat higher than expected and amounted to 14.5 billion USD, what is worrying is the decline in earnings by as much as 72%.

Published in News
judges-bench

Yesterday we talked about how the social network gaming company Zynga was having a rough time of things. Now we are hearing that they could be pulling off a desperation move by suing another company over trademark infringement. The culprit here is the developer behind the adult app Bang with Friends (who has the same name as the app). Now, while we could see Zynga getting a little upset over the title for a few reasons not the least of which is associating this title with their kid friendly games that have the same naming scheme. However to try and claim trademark infringement because of the “with friends” part is a little much.

Published in News
Monday, 13 May 2013 21:11

Sharp cutting back staff

sharp

Sharp will start layoffs within their ranks as part of a restructuring plan according to sources close to the company. Over a period of three years, the number of employees should be reduced by 5,000. The company currently has 51,000 employees.

Published in News
Bitcoin

Scientists at Southern Methodist University in Dallas and those from Carnegie Mellon University conducted a study on Bitcoin transactions and came up with devastating results. According to their data, 45% of these transactions end up as a fail, often taking with them the money from the users, and those who survive the transaction are also those who have the most traffic, and are most exposed to attack.

Published in News
Sunday, 07 April 2013 13:17

Tumblr attracts investors

tumblr

According to unnamed sources whose statements were transmitted by the Business Insider, Tumblr is negotiating with investors about the new round of investment in the company. Tumblr last collected investments back in 2011, when with the estimated value of the company was $800 million they managed to collect a total of $125 million.

Published in News
Saturday, 03 November 2012 16:25

Sony slowly recovers after hitting rock bottom...

Sony HQ

Sony recorded an operating profit during its second quarter, which is partly due to their mobile phone business which after the termination of the partnership with Ericsson is now fully owned by the Sony. After a loss of 5.7 billion dollars during the last year and a $312 million loss in the previous quarter, Sony started with a slight recovery and achieved an operating profit of $ 388 million.

Published in News
Rory-01

AMD has just announced that their Q2 earnings may be as much as 11% lower than expected (over Q1 2012). Originally AMD predicted a gain of 3% sequentially for this quarter, but it looks like a few things did not turn out the way they planned. AMD is mostly blaming the issue on slow channel sales in China and Europe, but also stated that they encountered a weak market which impacted their OEM sales. Both causes are over generalizations of an issue that we saw coming back in 2011; AMD has to get their products into the hands of the consumer.

Published in Editorials
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