Business

Broadcom Offers $105 Billion for Qualcomm

Broadcom Offers $105 Billion for Qualcomm

7 Nov 2017 comment

Broadcom offered about $105 billion for Qualcomm, kicking off an ambitious attempt at the largest technology takeover ever in a deal that would rock the electronics industry, according to Bloomberg.

IBM Closes Acquisition of Vivant Digital Business

IBM Closes Acquisition of Vivant Digital Business

6 Nov 2017 comment

IBM announced it has completed the acquisition of Vivant Digital business, a boutique digital and innovation agency based in Australia, to join IBM iX. Financial details were not disclosed.

IBM's Strategic Imperatives Pay Off Slowly

IBM's Strategic Imperatives Pay Off Slowly

5 Nov 2017 comment

Although listed as one of the most valuable technology brands in the world, IBM has been struggling to reach positive revenue growth rates in recent years. In the previous quarter, IBM had disclosed revenues below the expected estimates by analysts, reaching $19.29 billion instead of $19.46 billion. Whether the third-quarter in 2017 will become the 22nd quarter in a row with negative numbers remains to be seen. The revenue for the past three months is expected to be around USD 18.6 billion and the per-share profit at $3.28.

London Mayor Begins Drive to Keep City as Startup Hub for Europe

London Mayor Begins Drive to Keep City as Startup Hub for Europe

5 Nov 2017 comment

Mayor of London Sadiq Khan has announced a new program of investment days for London startups, as he tries to maintain the U.K.’s position as a European hub for young tech companies, according to Bloomberg.

Broadcom Plans $100 Billion Qualcomm Deal to Build Chip Colossus

Broadcom Plans $100 Billion Qualcomm Deal to Build Chip Colossus

5 Nov 2017 comment

Broadcom CEO Hock Tan is contemplating $100 billion bid for Qualcomm, according to Bloomberg, citing people familiar with the matter. If that happens it will be the largest technology takeover to build a powerhouse that dominates the market for wireless chips.

HPE to Move HQ From Palo Alto to Santa Clara in Bid to Cut Costs

HPE to Move HQ From Palo Alto to Santa Clara in Bid to Cut Costs

4 Nov 2017 comment

Hewlett Packard Enterprise is moving its headquarters from Palo Alto, California, to neighboring Santa Clara, bolstering efforts to slim down, according to Bloomberg.

iPhone sales returned to growth

iPhone sales returned to growth

4 Nov 2017 comment

Despite the fact that Apple pushed the release of the anniversary iPhone X to November and thus to fiscal year 2018, iPhone sales returned to growth in Apple’s fiscal 2017 that ended September 30. As the company reported yesterday, it sold 46.7 million phones in the fourth quarter, bringing the total for the fiscal year to 217 million units.

Apple Value Touches $900 Billion as iPhone Demand Boosts Stock

Apple Value Touches $900 Billion as iPhone Demand Boosts Stock

4 Nov 2017 comment

Apple briefly became the U.S.’s first $900 billion company on the day its stores around the world were inundated with customers trying to get their hands on the new iPhone X, according to Bloomberg.

Qualcomm Chip Business Stays Strong

Qualcomm Chip Business Stays Strong

3 Nov 2017 comment

Qualcomm issued a surprisingly bullish forecast for the current quarter, showing that robust demand for the company’s chips in China is making up for lost revenue from a bruising legal brawl with Apple, according to Bloomberg.

Lenovo Takes Control of Fujitsu PCs as Revenue Tops Estimates

Lenovo Takes Control of Fujitsu PCs as Revenue Tops Estimates

3 Nov 2017 comment

Lenovo unveiled plans to take over Fujitsu’s PC business for at least $157 million after posting its strongest revenue growth in two years amid signs the market is stabilizing, according to Bloomberg.

HP Completes Acquisition of Samsung Printer Business

HP Completes Acquisition of Samsung Printer Business

3 Nov 2017 comment

HP announced the completion of its acquisition of Samsung’s printer business in a deal valued at $1.05 billion.

Apple Holiday Sales Projection Tops Estimates on iPhone X Demand

Apple Holiday Sales Projection Tops Estimates on iPhone X Demand

3 Nov 2017 comment

Apple forecast holiday sales that exceeded most analyst estimates, a sign it expects robust demand for the new iPhone X, the company’s most important product launch in years, according to Bloomberg.

IBM Approves Dividend and Authorizes $3 Billion For Stock Repurchase

IBM Approves Dividend and Authorizes $3 Billion For Stock Repurchase

2 Nov 2017 comment

The IBM board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9 to stockholders of record November 10. With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

Facebook Tops Sales Projections

Facebook Tops Sales Projections

2 Nov 2017 comment

Facebook reported another quarter of record sales, according to Bloomberg.

Sony Forecasts Record Profit as Camera Chips and TVs Fuel Recovery

Sony Forecasts Record Profit as Camera Chips and TVs Fuel Recovery

1 Nov 2017 comment

Sony, which has staged a turnaround following a string of losses about a decade ago, increased its annual operating profit outlook to a record 630 billion yen ($5.6 billion) from 500 billion yen for the current fiscal year through March, according to Bloomberg.

Samsung Revamps Leadership as Earnings Fuel Investor Payouts

Samsung Revamps Leadership as Earnings Fuel Investor Payouts

1 Nov 2017 comment

Samsung has cleaned out its most senior executives just hours after posting record profit and doubling investor payouts, according to Bloomberg.

Nintendo Boosts Profit and Sales Outlook on Robust Switch Demand

Nintendo Boosts Profit and Sales Outlook on Robust Switch Demand

1 Nov 2017 comment

Nintendo’s Switch console is becoming a major pillar of its business. The company almost doubled its annual profit forecast after production of the hybrid console accelerated and customers bought more games than anticipated, according to Bloomberg.

Facebook Stumbles With Early Effort to Stamp Out Fake News

Facebook Stumbles With Early Effort to Stamp Out Fake News

31 Oct 2017 comment

Facebook’s strategy to stamp out fake news is struggling, according to Bloomberg. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process.

Batelic: User Experience Has a Far-reaching Impact, and GDPR Has Big Part In It

Batelic: User Experience Has a Far-reaching Impact, and GDPR Has Big Part In It

31 Oct 2017 comment

The costumer is the king, everybody knows this sales phrase, but today with all the social networks costumer comes in the focus, and the companies including telecommunication operators are becoming aware of that.

2017 Talent Unleashed Awards Finalists Announced

2017 Talent Unleashed Awards Finalists Announced

30 Oct 2017 comment

Talent has announced the finalists for the 2017 Talent Unleashed Awards, celebrating the world’s most ground-breaking startups, innovators and entrepreneurs.

IT Group Asks Regulators to Keep Their Hands Off AI

IT Group Asks Regulators to Keep Their Hands Off AI

30 Oct 2017 comment

A lobbying group representing top AI companies including Amazon, Facebook and Google issued a warning to lawmakers: hands off our algorithms, according to Bloomberg.

Nintendo Takes Animal Crossing to Phones in New Mobile Move

Nintendo Takes Animal Crossing to Phones in New Mobile Move

30 Oct 2017 comment

Nintendo has made its biggest move in mobile gaming so far with plans to add Animal Crossing: Pocket Camp as its third smartphone title, according to Bloomberg.

Google Ad Surge and YouTube Optimism Send Alphabet Shares Up

Google Ad Surge and YouTube Optimism Send Alphabet Shares Up

29 Oct 2017 comment

Alphabet beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware, according to Bloomberg.

Saudis Are Talking to Amazon and Alibaba Over New City

Saudis Are Talking to Amazon and Alibaba Over New City

29 Oct 2017 comment

Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea, according to Bloomberg.

Rival Cities Hong Kong and Singapore Join Forces for Fintech

Rival Cities Hong Kong and Singapore Join Forces for Fintech

29 Oct 2017 comment

Hong Kong and Singapore, which have vied for supremacy as financial technology hubs over the past couple of years, have now decided to join forces, according to Bloomberg.

Amazon Tops Sales Estimates on Subscribers and Whole Foods

Amazon Tops Sales Estimates on Subscribers and Whole Foods

29 Oct 2017 comment

Amazon showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses, according to Bloomberg.

Intel's Lingering Reliance on PCs Keeps Sales Growth Subdued

Intel's Lingering Reliance on PCs Keeps Sales Growth Subdued

28 Oct 2017 comment

Intel’s push into new products is helping bolster sales and earnings in the second half of the year, even as the chipmaker’s dependence on the lackluster personal-computer and server markets is keeping growth in check, according to Bloomberg.

Amazon Receives 238 Proposals for HQ2 Across North America

Amazon Receives 238 Proposals for HQ2 Across North America

28 Oct 2017 comment

Amazon’s second headquarters, dubbed HQ2, has lured 238 proposals extending across 54 states, provinces, districts and territories in North America, according to Bloomberg.

Microsoft Cloud Push Gains Ground on Azure and Office 365

Microsoft Cloud Push Gains Ground on Azure and Office 365

28 Oct 2017 comment

Microsoft’s push into the cloud forged ahead last quarter, with demand for online versions of Office productivity software and the Azure web-services business bolstering sales and earnings, according to Bloomberg.

Twitter Bans Russia Today and Sputnik From Advertising

Twitter Bans Russia Today and Sputnik From Advertising

28 Oct 2017 comment

Twitter is banning advertising from all accounts owned by Russia Today and Sputnik effective immediately, after U.S. investigators concluded the Russian media companies attempted to interfere in the 2016 presidential election, according to Bloomberg.