Cisco Surges On Earnings, Outlook for Internet Growth
Shares of Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, soared more than 8 percent Thursday after reporting fourth-quarter net income that beat analyst estimates by a penny and as boosting its dividend 75 percent to 14 cents a share.
Facebook Plunges At Opening As Insider Lockups End
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, plunged more than 5 percent when the market opened Thursday, as insiders were free to unload as many as 241 million shares.
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.
Facebook’s Lockup Ends: 5 Things To Know
Thursday frees holders of as many as 271 million shares of Facebook (Nasdaq: FB), the No. 1 social networking site, to sell them for the first time since the first-day trading fiasco on May 18, when shares that had been priced at $38 first traded at $42.05, then didn’t trade for 30 minutes and closed at $38.23.
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.
Cisco Systems Earnings Beat Estimates; Dividend Jumps 75%
Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, reported fourth-quarter net income that beat analyst estimates by a penny and also announced it would raise its dividend 75 percent to 14 cents a share.
Facebook Fraud Trial? Not Until Year-end At Earliest, Experts Say
Any trial in U.S. District Court of the more than 50 shareholder lawsuits alleging fraud by Facebook (Nasdaq: FB), the No. 1 social networking site, and its underwriters could be as much as five months away, lawyers said.
Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue
Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.
Steve Jobs’ Wallet Stolen In Burglary Of Empty Residence
Police said a burglar stole the wallet of the late Apple Inc. (Nasdaq: AAPL) Chairman Steve Jobs July 17, when he broke into his empty residence in Palo Alto, Calif. The wallet had $1 inside along with Jobs’s California driver’s license.
Dell Gets Bashed By S&P ‘Bearish’ PC Outlook
Wall Street powerhouse Standard & Poor’s lowered its opinion of Dell (Nasdaq: DELL), the No. 3 PC maker, because it’s becoming “more bearish of the PC industry in general,” the ratings agency said Wednesday. It trimmed its 12-month target price for Dell shares to $14 from $15.
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.”
Smartphone Sales? Gartner Reports Global Shipments Fell 2.3% As Samsung Leads
Market researcher Gartner Group (NYSE: IT) said global smartphone sales eased 2.3 percent in the second quarter to 419 million units, accounting for a record 36.7 percent of all mobile phone sales.
Google Shares Set New Record High Despite Motorola Setbacks
Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a new record high of $672.23 Tuesday, a day after the Mountain View, Calif., announced it would take a $275 million charge for firing 4,000 employees of its new Motorola division.
Kodak Patent Auction Goes Into Overtime
Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it extended the auction for its 1,100 patent portfolio beyond Monday’s deadline because it was talking to rival bidders. Citing “a complex and dynamic process,” the company didn’t disclose more information.
Apple Shares Near All-Time High On New Product Hopes
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, have recovered lost ground and are trading not much below their record high of $644 set on April 10. Despite a setback when third-quarter earnings fell shy of estimates last month, they could set another record again this week.
Google Acquires Frommer Guides Travel Sites From Wiley
Google (Nasdaq: GOOG), the No. 1 search engine, said it had acquired the famous Arthur Frommer travel guides and other travel assets from publisher John Wiley & Sons (NYSE: JW/A) of New York.
Google Shares Set 5-Month High On Firings Of 4,000 Motorola Workers
Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a five-month high Monday after the company advised the U.S. Securities and Exchange Commission of plans to fire 4,000 Motorola employees, two-thirds outside the U.S.
Technology Focus: Curiosity On Mars Another Legacy Of JFK
Last week’s successful landing of the Mars Science Laboratory, better-known as Curiosity, represented a triumph in aeronautical and electrical engineering. Now the nine-foot, six-wheeled rover will use its instruments to make “Mars-shaking” discoveries in geology, meteorology and chemistry.
Curtains For RIM? Besides IBM, Are Microsoft, Samsung, Oracle Looking?
Shares of BlackBerry developer Research in Motion (Nasdaq; RIM) jumped on speculation IBM (NYSE: IBM) might be interested in part of the company. But others like Microsoft (Nasdaq: MSFT) and Oracle (Nasdaq: ORCL), might also want its technology, too.
Facebook Settles Privacy Complaints With FTC Without Fines
Facebook (Nasdaq: FB), the No. 1 social networking site, has finally settled charges with the U.S. Federal Trade Commission that it deceived members about their privacy rights. Although it won’t pay a fine, it agreed to be monitored by the FTC for 20 years. If violations are found, it could be subjected to civil penalties up to $16,000 per offense.
BlackBerry Investor Backs IBM Bid; Values RIM Assets At $9.6B
BlackBerry investor Victor Alboini said he welcomed a bid for Research in Motion's enterprise business by IBM, saying it would greatly enhance value of an undervalued asset.
IBM Eyeballing Bid for BlackBerry Developer RIM: Report
BlackBerry developer Research in Motion (Nasdaq: RIMM) has been approached by International Business Machines Corp. (NYSE: IBM) about a possible sale of its enterprise services unit, Bloomberg News reported, citing two insiders.
Facebook at $19? 13 Weeks After IPO Debacle, Shares Near 50% Decline
Friday marks 13 weeks since the first public trading in shares of Facebook at $42. Now it's near $21.
Google Says Voice-Activated Services Coming, Adds iPhone App
Google (Nasdaq: GOOG), the No. 1 search engine, said it has devised a voice-enabled app for Apple (Nasdaq: AAPL) iPhones that will challenge the Siri personal assistant. The move comes two months after Google acquired Motorola Mobility Holdings, one of the top makers of smartphones.
Google To Pay $22.5M To FTC To Settle Privacy Charges For Apple Users
Google (Nasdaq: GOOG), the No. 1 search engine, will pay a record fine of $22.5 million to the U.S. Federal Trade Commission to settle a complaint it had abused the privacy of users of the rival Safari browser from Apple (Nasdaq: AAPL), the world's most valuable technology company.
Nokia Gets Cash From Divesting Apps Unit, Patent Sales
Ailing Finnish phone maker Nokia Oyj (NYSE: NOK) said it agreed to sell an application tools unit acquired in 2008 to a local partner as well as 500 wireless patents to Vringo (NYSE: VRNG) of New York City in a bid to raise cash.
Tech’s Bullish Signals: CSC’s Results Plus HP, IBM Forecasts Bode Well For Sector
Technology may have a good second half of 2012 after all, despite all the fears of economic collapse, lower demand for PCs and other worries. After Computer Sciences reported better-than-expected results on Wednesday, Hewlett-Packard said third-quarter results would be stronger, too.
Curiosity On Mars: Give Credit To Amazon.com, Aeroflex, Too
Three days into its mission, the Mars Science Laboratory, known as Curiosity, is continuing to dazzle scientists and specialists with its first data reports from the red plant. Still more technology companies have acknowledged their participation in the NASA project
Android, iOS Power 85% Of New Smartphones: IDC
No surprise. Smartphones operating on the Android OS from Google (Nasdaq: GOOG), the No. 1 search engine and the iOS from Apple (Nasdaq: AAPL), the world's most valuable technology company, now power 85 percent of all new smartphones, IDC estimated.
