Despite Apple U.S. Ban Call, Samsung Shares Advance At Home
Shares of Samsung Electronics (Seoul: 005930) rose 15,000 Korean won (US $13.21) in Seoul trading on Tuesday, despite requests by Apple (Nasdaq: AAPL), the world's most valuable technology company, to ban sales of as eight products in the U.S.
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.
ALEC Roster Shrinks As GE, Sprint, Western Union, Symantec, Reckitt Quit
Five more major companies said they had quit the controversial conservative American Legislative Council, a Washington, D.C., based body that lobbies for right-wing legislation such as “stand your ground” laws in state legislatures.
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.
Samsung Shares Plunge, Apple's Touch Record In Post-Verdict Glee
Shares of Samsung Electronics (Seoul: 005930) plunged nearly 8 percent in Seoul Monday following the company’s $1.05 billion loss to Apple (Nasdaq: AAPL), the world's most valuable technology company, in a patent case in U.S. District Court in San Jose, Calif., on Friday.
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.
Amazon Sets New High After Signing NBCUniversal Kindle Deal
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, set a new year high after the developer of the Kindle and Kindle Fire said it would now offer streaming video from NBCUniversal, including hot shows such as “Friday Night Lights” and “Battlestar Galactica."
Kodak Confirms Plans To Sell Imaging Units In Bankruptcy Deal
Bankrupt photography giant Eastman Kodak Co. (Pink: EKDKQ) announced it plans to sell its legacy businesses in cameras, film and photos to become a company that specialized in printers.
Salesforce.com 2Q Results: Benioff’s Strategy Keeps Profits Growing, Rising Ahead
Salesforce.com's (NYSE: CRM) second-quarter results proved its strategy of adapting its software-as-a-service model to the increased use of the cloud by enterprises can pay off handsomely for investors.
Microsoft’s Facelift: New Logo Shown After 15 Years
Microsoft (Nasdaq: MSFT), the world's biggest software company, is getting a facelift at 25. The company unveiled a new corporate logo Thursday that uses color for the first time: red, green, blue and yellow in squares next to the company name .
Salesforce.com 2Q Earnings Preview: Benioff’s Cloud Strategy Stays Hot
Salesforce.com’s (NYSE: CRM)’s second-quarter results are expected to show that its strategy of adapting its software-as-a-service model to the increased use of the cloud by enterprises can pay off handsomely for investors.
Facebook Wins FTC OK For Instagram Purchase
The U.S. Federal Trade Commission has approved the acquisition of private Instagram of San Francisco by Facebook (Nasdaq: FB), the No. 1 social networking site, the companies said. Originally priced at $1 billion, the value of the deal has shrunk to only about $750 million because of the slide in Facebook shares.
Whitman’s Ax: 4,000 Left HP Payroll in Third Quarter
Hewlett-Packard Co. (NYSE: HPQ) CEO Margaret (Meg) Whitman has been swinging her ax at the company’s payroll: during the third quarter ended July 31, as 4,000 left the company as part of her plan to trim the roster, which was 349,600 on Oct. 31.
HP 3Q Results: Whitman Takes Record $8.9B Charge; Revenue Slumps Below Estimates
Hewlett-Packard Co. (NYSE: HPQ), the world’s biggest computer company, reported third-quarter financials after the market close Wednesday, taking a record charge of $10.8 billion that resulted in a net loss of $8.9 billion, or $4.49 a share.
Facebook IPO: ‘Social Media’ Becomes Anti-Social For Investors
The good news for investors in Facebook (Nasdaq: FB), the No. 1 social networking site, is that the shares didn’t set a new, post-initial public offering low on Wednesday. But they have come close, trading as low as $18.96 before recovering to $19.40, up 24 cents in late trading.
eBay’s Pay Pal, Discover To Partner In e-Payments In 2013
Online auctioneer eBay (Nasdaq: EBAY) will team with Discover Financial Services (NYSE: DFS) to offer electronic payments in as many as seven million U.S. outlets next year, the companies announced. The move is intended to spur e-payments among users of smartphones.
Dell Shares Plummet 5% After Dismal Forecast
Shares of Dell (Nasdaq: DELL), the No. 3 PC maker, plunged more than 5 percent after the company reported poor second-quarter results and issued a forecast for lower sales ahead. In pre-market trading, shares fell as low as $11.72, down 62 cents.
Hewlett-Packard 3Q Earnings: Will It Be Whitman’s Final Loss?
Hewlett-Packard Co. (NYSE: HPQ), the world’s biggest computer company, has nowhere to go but up. Scheduled to report third-quarter financials after the market close Wednesday, investors and technologists will be watching for signs that its restructuring and massive write-offs are over.
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.
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.
Apple, Google Set New Records For Valuation
Apple (Nasdaq: AAPL), the world's most valuable technology company, continued its tear as its shares keep setting all-time records in Monday trading. Earlier, its shares hit $664.75, valuing the Cupertino, Calif., company above $621 billion for the first time, more than any other company?s prior value.
Yahoo U.S. Sales Chief Latest Exec Departure Under New CEO
New Yahoo (Nasdaq: YHOO) CEO Marissa Mayer appears to continue her housecleaning. U.S. sales chief Wayne Powers quit the search engine and media company Monday to become president of Parade Publications, the Sunday newspaper supplement published by privately held Advance Publications.
Rabbis, Israeli Minister, Blast Apple For Carrying Anti-Semitic App
European rabbis as well as Israel?s Minister of Public Diplomacy have criticized Apple (Nasdaq: AAPL) for publishing and selling an Arabic-language app of ?The Protocols of the Elders of Zion,? probably the best-known anti-Semitic forgery.
Technology Focus: Why Apple And Samsung Should Settle Now
After three weeks of testimony, the case of Apple Inc. (Nasdaq: AAPL) vs. Samsung Electronics Co. Ltd. (Seoul: 005930) is over. U.S. District Court Judge Lucy Koh could instruct the nine-member civil jury in San Jose, Calif., as early as Tuesday The parties should settle first.
Facebook Plunges To Latest Record Low After Lockup Ends
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell to a new record low of $19.01 in midday Friday trading, a day after insiders were allowed to sell as many as 241 million shares they had been required to hold since the May 17 initial public offering.
Apple Shares Surge, Set New Record High On New Product Hopes
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, set their first record high since April, briefly hitting $644.13 in early Friday trading. That beat the previous record of $644 set on April 10.
Kodak May Call Off Patent Auction After Missing Deadline
Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it may call off its auction of 1,100 patents that was scheduled to conclude Monday. In a statement late Thursday, Kodak said it “has not reached a determination or agreement to sell the digital imaging portfolio.”
Samsung Ships Galaxy Note 10.1 To Battle iPad Dominance
Samsung Electronics (Seoul: 005930) started shipping its $499 Galaxy Note 10.1 tablet in a bid for market share against the iPad from Apple (Nasdaq: AAPL), the world's most valuable technology company. On of its innovations is an electronic stylus called the S Pen, first unveiled at the International Consumer Electronics Show in January.
