Early this morning, Lenovo reported its end of year (as of March 31) and fourth fiscal quarter earnings, boasting multiple records, including record PC shipments and global market share, annual sales, and annual pre-tax income. In addition, numbers are up across the board, with Q4 revenues hitting a record and increasing 4-percent year-over-year, and the quarter's gross profit jumping 20-percent over last year.
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‘financial’ Stories
Lenovo reports annual and Q4 financial results, breaks multiple records
Kim Dotcom claims companies infringe on his patent, asks them to fund his defense
Kim Dotcom, the Internet maverick behind the now-defunct Megaupload, went on to replace his government-squashed file hosting website with the newly launched service Mega. All of this followed the police raid on his home in 2012, prompting a legal battle and eventual lawsuit against New Zealand's Government Communications Security Bureau, also known as GCSB, for illegal spying. Now he has taken to Twitter, claiming that many big-name companies, including Google, Twitter, and Facebook , have infringed on his two-step verification patent, and in return he is asking for help funding his legal defense.
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Apple and Google rated 2013 top two most valuable global brands
Millward Brown Optimor has released its annual BrandZ list of the most valuable global brands for the year, and Apple and Google are in the top slots, with the former coming in at #1 and the latter at #2. On top of that, comparing the numbers, we see that both companies saw an increase in brand value over 2012, while IBM - which came in third on the list - saw a decrease in value.
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Apple avoided billions in taxes via complex system says investigators
It is no secret that corporations use tax loopholes and such to get out of paying what often amounts to a hefty chunk of money in taxes. Apple is one such corporation, but unlike the others, it stands out as having reportedly used exceptionally complex "gimmicks" and "schemes" to get out of paying billions of dollars in taxes over the course of the last few years. According to a Congressional investigation, the multi-country subsidiaries Apple uses are more convoluted than most of the systems seen by experts.
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Apple iRadio stymied by song-skipping issue says sources
Back in March, we reported that Apple plans to launch it iRadio streaming music service by this upcoming summer, followed up by a piece in April on its reported signing of various licensing agreements. Now sources are saying the company has run into a snag with Sony over an issue with how much it will pay when users skip songs.
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Technology in new $100 US note aims to foil counterfeiters
The United States will be rolling out a new greenback this fall, in this case a new $100 note that, while visually similar to the current offering, utilizes new technology (and a slight splash of color) to make it harder for counterfeiters to replicate the bills. Among the changes are such things as a duplicating Benjamin Franklin, who has been enlarged and filled out, microprinting, and more.
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Intel’s former CEO laments lost iPhone opportunity as new leadership vows mobile push
Intel's now-former CEO Paul Otellini, who retired today, discussed the lost opportunities that resulted from passing on providing chips for the iPhone, something that he says would have made the world "a lot different" if he had gone with his gut feeling rather than what the numbers indicated. In the same vein, the company's new CEO Brian Krzanich said at Intel's annual shareholder's meeting that the company will bolster its mobile focus.
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Nintendo to nab ad revenue from YouTube users’ gaming videos
YouTube allows certain users to earn revenue from advertisements displayed on their videos, while others upload videos simply for the joy of it. What neither of those two types of users are happy about is the revelation that Nintendo will acquire all revenue proceeds earned by those users' videos featuring games by the company. Nintendo's response is a tad passive aggressive, suggesting that users have to deal with it or else their ability to upload the videos will be blocked entirely.
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Dell Q1 2014 earnings show steep drop in income
Dell has reported is Q1 2014 fiscal year earnings for the quarter, and things aren't looking to grand for the sliding PC company. They only had a slight drop in revenue compared to last year, but income and EPS took a nose dive in the deep end, with as much as an 81% drop with the company's EPS compared to the same time last year.
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Twitter acquires analysis startup Lucky Sort
Twitter is no stranger to buying up other companies, having officially announced back in April, for example, its acquisition of We Are Hunted. In October, the social network bought Vine, and earlier last year it bought Posterous, Summify, and Dansient. The service has gobbled up another company, this one Lucky Sort, a data analysis company, which made the announcement earlier today.
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Elon Musk and David Sacks abandon Zuckerberg’s lobbying group FWD.Us
Earlier this year, Mark Zuckerberg of Facebook fame launched a lobbying group called FWD.Us, which purports to be for immigration reform and has more than a few big names associated with it, including Microsoft's Steve Ballmer and Bill Gates, who joined a couple weeks after its unveiling. Among those big-name supporters was Elon Musk of Tesla and David Sacks of Yammer, both of whom have abandoned the group, according to sources who are said to be familiar with the matter.
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NVIDIA Q1 earnings show year-on-year numbers up across the board
In February, NVIDIA posted the financial data for both its fiscal 2013 Q4 and its year-end 2012 data, showing record profits and stating an anticipated $940 million for its fiscal 2014 first quarter. Now the numbers are officially in, and it turns out the company beat expectations, with revenue coming in at $954.7 million. While nearly all of its numbers are down over the previous quarter, year-on-year numbers are up across the board.
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