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Lenovo To Acquire Stoneware; Computer Hardware Manufacturer Ventures Into Cloud Computing
The second largest computer manufacturer in the world, Lenovo Group Ltd (0992) has decided to acquire a U.S.-based software company Stoneware Inc that marks its venture into Cloud Computing, the Wall Street Journal has reported.
Technology Focus: Zuck's Good Week Without Changing Name
Facebook (Nasdaq: FB), the No. 1 social networking site, had a good week: its shares vaulted 15 percent after CEO Mark Zuckerberg appeared at a forum in San Francisco where he acknowledged mistakes. Now, with Instagram tucked in and commitments for search and mobile, is it a time for another look at half price?
iPhone 5 Plays: 5 Ways To Ride Tide Without Buying $700 Apple Shares
Want to play the iPhone 5 craze created by Apple Inc. (Nasdaq: AAPL) and not pay the price for Apple's near-$700 shares. Think of some of its suppliers like Arm Holings (Nasdaq: ARMH) and Qualcomm (Nasdaq: QCOM), or even Corning (NYSE: GLW) whose products are designed into the product.
Wii U Release Date And Price To Be Revealed This Week, Will The Rumors And Leaks Be Correct?
The release date and price for Nintendo’s next-generation Wii U are expected to be unveiled this Thursday at a press event in New York. Nintendo has confirmed that the European launch details for the Wii U will also be announced on that day.
Proofpoint CEO: Cloud-Based Security Software Is Meeting Threats To Major Enterprises
Proofpoint Inc. (Nasdaq: PFPT), the security software developer that conducted an April IPO, is confident it can beat bigger rivals like Symantec (Nasdaq: SYMC) in the market because it uses the cloud, offers lower cost of ownership and is spending cash to devise new products. So far, none of its accounts has been successfully cyberattacked, said CEO Gary Steele.
Technology Focus: Amazon’s Bezos Disrupts Again, Devises Apple Challenge
Chances are there few personalities as creative, disruptive and rich in the technology sector as Jeff Bezos, the founding CEO of Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer. He's put Borders Books out of business and could even put Apple Inc. (Nasdaq: AAPL) in its place.
Technology Focus: Who Benefits From Big Data? Big Guns IBM, Oracle, HP, EMC
You don’t have to be a genius to determine that in a world of petabytes of data, projected 2012 sales of 367.2 million PCs, 107.4 million tablets and 650 million smartphones, a few smart companies are going to prosper: HP (NYSE: HPQ), IBM (NYSE: IBM), Oracle (Nasdaq: ORCL) and EMC.(NYSE: EMC).
IBM To Offer Cloud TV Services To Philips Customers
International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, said it will start providing services in the cloud for consumer electronics makers, starting with Dutch giant Philips Electronics (NYSE: PHG).
Workday, PeopleSoft Founder?s 2nd Try, Sets $400M IPO
Workday, the human-resource software company started by PeopleSoft founder David Duffield, filed for a $400 million initial public offering sometime later this year.
HP Sets New Low, Week After Posting Biggest-Ever Loss
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer company, set a new 52-week low of $16.77 on Thursday, after posting a record third-quarter loss last week and reducing earnings estimates for the current quarter.
HP Unveils New Tablet, A Year Post-TouchPad Fiasco
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, announced its first tablet a year after withdrawing the TouchPad after it bombed with consumers.
Apple Vs Samsung Lawsuit Will Spawn More Patent Trials; Patents Are New Currency In Knowledge-Based Economy: Expert (Exclusive Interview)
Patent expert Alexander Poltorak, CEO and chairman of General Patent Corporation, advocates multi-tier patent system, specialized patent courts and arbitration forums as the key facilitators for the speedy resolution of increasing number of patent disputes and dubs patents as the new currency in Knowledge-Based Economy.
Lexmark To Exit Inkjet Printer Unit, Fire 1,700; Shares Soar 20%
Printer specialist Lexmark International Inc. (NYSE: LXK) said it will fire 1,700 employees, mainly in the Philippines, as part of strategy to exit its aging inkjet printer business. The move came after the company reported lower income and revenue, industry experts forecast lower PC sales as well as competition from No. 1 printer maker Hewlett-Packard (NYSE: HPQ).
IBM Debuts Most Powerful Cloud Server For Enterprises
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, introduced its most powerful server for enterprises, the zEnterprise EC 12 mainframe, which it said cost as much as $1 billion to develop. The unit is intended for enterprises that can manage their own systems but also shift data processing to the cloud.
Corporate Debt Issuance In August Sets Record, Analysts Warn Of Junk Bonds
This month has been the busiest August on record for global corporate bond issuance as low-risk free yields on government bonds pushed investors to find better returns in corporate credit.
IBM To Acquire Kenexa To Battle Oracle, Workday, Salesforce.com
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it will pay about $1.6 billion to acquire Kenexa Corp. (NYSE: KNXA), for its human-resources software cloud technologies.
Technology Focus: How To Label Tech In 2012? A-n-t-i-c-i-p-a-t-i-o-n
Now that 2012 is two-thirds over, it’s already time to label it, like the Asians do. Unlike 4709, it’s not the Year of the Dragon. It’s the Year of Anticipation.
Frank Gehry And Facebook: A Surprisingly Pastoral Partnership
Facebook Inc. (Nasdaq: FB)'s stock may be sinking, but it is forging ahead with an expansion to its campus in Menlo Park, Calif., designed by the renowned architect Frank Gehry.
Hewlett-Packard Posts $8.9bn Quarterly Loss; More Job Cuts Expected
Hewlett-Packard Co swung to an $8.9 billion quarterly loss as personal computer sales shrank again and it swallowed a huge write-down linked to its $13.9 billion purchase of Electronic Data Systems Corp.
Dell?s 2Q Misses Estimates; Projects Low Growth As Shares Plunge
Dell (Nasdaq: DELL), the No. 3 PC maker, reported second-quarter results that missed analyst?s estimates. Worse, the company said it expected third-quarter performance to fall below expectations.
IBM Buys Texas Memory To Battle Intel-Micron Flash JV
International Business Machines Corp. (NYSE: IBM), the no. 2 computer maker that?s also one of the biggest chipmakers, said it plans to acquire private Texas Memory Systems to bolster its offerings in the flash-memory sector crucial for new servers and mobile products.
Rally Puts Apple Stock (AAPL) In Spotlight; Experts Identify IBM As Most Valuable Company
The Apple stock (AAPL) has emerged a market favorite ahead of the September 12 event, cited to be the probable launch date for next-generation iPhone, iPhone 5 and iPad Mini. Witnessing a huge rally for the last few days, the stock closed August 20 at an all-time high of $665.15 resulting in a market capitalization value of $665.15 billion.
Dell 2Q Earnings Preview: Now In Third Place, Where?s New Growth?
Dell is scheduled to report second-quarter results Tuesday below last year?s. For the first time, the company founded by Chairman Michael S. Dell nearly 30 years ago in a dorm room will be ranked No. 3 in PC sales, having lost its No. 2 ranking last quarter to China?s Lenovo Group.
Technology?s Cash Piles: Top U.S. Leaders Stash Nears $400B
Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
Darla Moore, Condoleezza Rice, Augusta National Golf Club's First Female Members [PHOTO]
The famously all-male Augusta National Golf Club has officially admitted its first female members -- former Secretary of State Condoleezza Rice and business executive Darla Moore.
Lenovo Group 1Q Earnings Jump 30% As No. 2’s Sales Soar
China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, reported first-quarter net income jumped 30 percent , ahead of estimates, as global revenue rose 35 percent – far better than performance for its U.S. rivals, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), the No. 3 PC maker.
Cisco’s 4Q Results: Major Tech Bellwether Beats Estimates; Could Influence HP, Dell, Oracle
Cisco Systems (Nasdaq: CSCO) reproted fourth-quarter results that exceeded analyst estimates.
Warren Buffett's Berkshire Hathaway Drops Intel, Bets On Oil
Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.
Cisco’s 4Q Results: Major Tech Bellwether For HP, Oracle
Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.
Google’s Course: Record Stock Price May Foreshadow Huge Legal Woes Ahead
Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a record high of $672.85 on Tuesday, not quite eight years to the day of its initial public offering in which co-founders Larry Page and Sergey Brin pledged to “make money without doing evil.”