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‘business’ Stories

HP keeping PC business, spin-off axed

Chris Burns, Oct 27th 2011 Discuss [2]

After several months of deliberation, it’s been announced today that HP will keep its Personal Systems Group business, this PC Unit to stay in the family for the time being. Just this past August it was announced by HP that the possibility of spinning its PC business off was a real one, but just today it was noted by CEO Meg Whitman that HP will keep all ties to their PSG section as she stated “together we are stronger.” Having toured the Houston HP campus where PCs are tested for quality assurance just a few weeks ago, I can personally say that the force is strong with this one, as it were.

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IBM names new Chief Executive, Virginia Rometty

Chris Burns, Oct 25th 2011 Discuss [0]

This week it was announced that Samuel J Palmisano will be switching roles from Chief Executive to chairman while Virginia M Rometty will take over the Chief Executive, all of this taking place at IBM. Analysts say that Rometty's lead rival for the taking over of the roll at IBM was Steven A Mills, another senior vice president inside the company who has led the group's profitable and ever expanding software division. Meanwhile Rometty will now be one of the highest-profile female executives in corporate America. Read The Full Story

Netflix loses 800,000 US subscribers, earnings to dip

Rue Liu, Oct 24th 2011 Discuss [4]

Netflix reported its Q3 earnings results today and although the numbers were positive, they won't remain so in the upcoming months. CEO Reed Hastings has admitted that the company's recent stumbles, including price hikes and the now canceled plans for Qwikster, were ill received, tarnishing the company's "hard-earned reputation." Read The Full Story

iPhone 4S delay caused Q3 smartphone slump

Rue Liu, Oct 24th 2011 Discuss [1]

Smartphone sales in the third quarter slid for the first time in the US. According to Morgan Keegan analyst Tim McCourt, the slump may have been caused by the delay of the iPhone 4S launch. Effects on iPhone sales by consumers holding out for the next-gen device were expected, but the wait also affected Android, BlackBerry, and Windows Phone sales. Read The Full Story

Microsoft reports record fiscal Q1 2012 earnings

Rue Liu, Oct 20th 2011 Discuss [1]

Microsoft's fiscal year Q1 2012 ended on September 30, 2011 and the earnings results are in. The software giant reported record revenue of $17.37 billion, representing a 7 percent increase from the same quarter the year before. The strong figures were due largely to Microsoft's business products and especially Microsoft Office, which earned $5.62 billion, an 8 percent year-over-year increase. Read The Full Story

Samsung and Apple to continue parts cooperation beyond 2012

Rue Liu, Oct 19th 2011 Discuss [6]

Despite the ongoing multinational legal feud and fierce competition in smartphones and tablets between Samsung and Apple, the two companies may extend their long-standing business relationship when it comes to the supply side. According to the Korean Herald, Samsung COO Lee Jae-yong revealed that Samsung could continue to supply Apple with crucial components beyond 2012. Read The Full Story

Intel reports record Q3 2011 earnings results

Rue Liu, Oct 18th 2011 Discuss [1]

On the same day that Apple posted its somewhat disappointing Q4 earnings results, Intel is reporting the opposite with record-breaking Q3 earnings. The chipmaker surpassed the $14 billion revenue mark for the first time, reporting $14.2 billion in GAAP revenue, which has increased 28 percent from the year before, up $3.1 billion. Its net profit came in at $3.5 billion, up by $513 million or about 17 percent year-over-year. Read The Full Story

Apple Q4 2011 earnings results miss estimates despite record iPad, Mac sales

Rue Liu, Oct 18th 2011 Discuss [1]

Apple has just reported its Q4 2011 earnings results and for the first time in a long time, the company has fallen short of Wall Street's expectations. Despite this, the numbers are still Apple's highest quarterly revenue and earnings and the company had record sales for its iPad and Mac products. Its Q4 revenue was $28.3 billion, missing the $29.41 billion estimate. Read The Full Story

Google announces Q3 2011 financial results

Rue Liu, Oct 13th 2011 Discuss [1]

Google's 2011 third quarter earnings results are in and they've surpassed Wall Street expectations. The company is reporting $9.72 billion in revenue, which is a 33 percent increase from the same quarter last year. GAAP net income came in at $2.73 billion, up from $2.17 billion a year ago. Read The Full Story

HTC’s net profit rose 68 percent in Q3

Rue Liu, Oct 6th 2011 Discuss [0]

HTC released its unaudited Q3 earnings results today, revealing that the company's net profit had risen 68 percent from last year, reaching NT$18.64 billion or about US$615.3 milion. Despite a 34 percent drop in stock value since July 1, the company's total revenue has grown by 79 percent to NT$135.8 billion or about US$4.4 billion. Read The Full Story

Sony to buy out Ericsson’s half in $1.7 billion deal

Rue Liu, Oct 6th 2011 Discuss [2]

The Sony Ericsson joint venture may soon be controlled completely by Sony as the company aims to bring more of the mobile phone operations in house to boost its competitiveness. The WSJ reports that Sony is near closing the deal with Ericsson to buy its half of the venture for around $1.3 to $1.7 billion, which includes the Stockholm-based company's mobile technology patents. Read The Full Story

Microsoft executive tips Yahoo bid

Chris Burns, Oct 5th 2011 Discuss [0]

Not one day after it was reported that Yahoo! and ABC News would be partnering for news online, Microsoft is being tipped as entering bidding for Yahoo! in the near future. This information comes less than a month after our last report that Microsoft was, again, aiming for a bid on Yahoo!, this still not the first time these giants were to collide. All the way back in 2007, Microsoft was thought to be aiming for the same goal and again in 2008 the story persisted. Will Microsoft ever ACTUALLY purchase Yahoo!, or is this a legend that'll never ever prove itself to be true? Read The Full Story