Items tagged with Business
It's said that one's man trash is another man's treasure, and while it appears Texas Instruments wants to rid itself of its mobile division, mega e-tailer Amazon sees the situation as a potential goldmine. To wit, Amazon is reportedly...
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Apparently taking a billion dollars from Samsung wasn't enough, Apple wants its rival's engineers, too. It's getting one in Jim Mergard, who previously served Advanced Micro Devices (AMD) for 16 years as vice president and chief engineer before accepting employment at Samsung. Now he's going...
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Former Ebay CEO and current chief of Hewlett-Packard, Meg Whitman, inherited a company that was (and remains) on top of the PC pile, but also one that was struggling to find direction. She replaced Léo Apotheker, a software guy who...
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Most economists will agree that you have to spend money to make money, but the trick is not to go overboard with the former. It's a balancing act Sony finds itself in at this very moment, having spent $1.8 billion in just the last three months acquiring companies and assets, such as buying a...
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Well here's a bit of promising news. According to a survey conducted by IDC Manufacturing Insights for the United Parcel Service (UPS), around 85 percent of technology executives polled in the U.S. believe President Obama will successfully...
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Sony and Olympus are kicking off the weekend by entering into a "business alliance agreement" and a "capital alliance agreement," which are essentially fancy ways of announcing a big time investment of one into the other. In this case, Sony is tossing about $645 million at Olympus in order to become the company's largest shareholder. After...
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The number of brick-and-mortar electronics shops available to do-it-yourself (DIY) system builders and consumer electronics (CE) junkies has fallen dramatically in the past several years. First it was Good Guys that fell by the wayside in 2005, then CompUSA that sunk itself into financial...
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Not even a week after Apple held a press event to announce the iPhone 5 (and new iPod models), the company's share price has shot up and above the $700 mark, ending the day at $702.10 on Wednesday. Apple's market capitalization now sits at $658.15 billion, an obscenely high valuation that...
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With each quarter that passes, it's clear Lenovo knows how to run a business. A little less than three weeks ago, Lenovo announced it had raked in more than $8 billion in revenue and $141 million in profits during its first financial quarter, representing year-over-year gains of 35 percent and...
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"Nothing lasts forever," as the saying goes, and the time has come to wave goodbye to a staple of the photography industry. Eastman Kodak has announced intentions to sell off the film business that made it an icon around the world. In an effort to raise cash for itself (and perhaps fund...
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An unlikely partnership was formed when HTC acquired a controlling interest in Beats Audio, the headphone company co-founded by hip-hop/rap artist Dr. Dre. In August 2011, HTC purchased a 51 percent stake for $300 million and promptly gave itself exclusive rights to build smartphones with...
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Advanced Micro Devices (AMD) saw its share price drop by more than 8 percent after announcing preliminary second quarter financial results with lower than expected sales numbers. The chip designer told investors it expects revenue to dip...
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It's really not a great time to be in retail consumer electronics sales. Or maybe it's just not a great time to be Best Buy. The United States' largest consumer electronics retailer hasn't had a great year, with its CEO stepping away and...
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Micron Technology, founded in 1978 in Boise, Idaho and one of the state's largest employers, announced it has signed a definitive agreement to acquire struggling Elpida Memory in a deal worth $2.5 billion. Under terms of the agreement...
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Quick, someone queue up Neil Sedaka's "Breaking Up Is Hard To Do," because that song describes how LinkedIn must be feeling after Twitter decided it was time to end their two-and-a-half-year partnership and move on. "Consistent with Twitter’s evolving platform efforts, Tweets will no...
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T-Mobile announced two new suites of mobile broadband data plans that are designed with businesses in mind. The new plans offer the choice of predictable monthly billing with no overage fees or high-speed access plans with pre-determined rates. The predictable monthly billing plans will slow...
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New research suggests that higher ups holding positions in senior management either don't know where their company's data resides, or aren't sure. That might not be surprising to folks who find themselves continually frustrated trying to...
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Amazon founder and chief executive officer, Jeff Bezos, once held a job flipping burgers at McDonald's. Today his net worth is estimated at $20.2 billion, making him the richest Internet entrepreneur in the entire world. He's far from the...
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At nearly $590 per share, you might be wondering how you can afford to purchase shares of Apple (AAPL), especially in this economy. But if you have money to invest, a better question to ask is how can you afford not to purchase Apple stock? That might sound absurd, but in a note to investors...
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Job cuts in the tech industry has become an all too common theme in the past couple of years, and the latest round of redundancy reductions is set to take place at Logitech. The peripheral maker announced plans to restructure its...
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So, this is interesting. Evidently, making $1.6 billion in pure profit in a quarter isn't enough to justify keeping 27,000 on the payroll. It's obviously never that easy, nor that cut and dry, but HP is choosing a quarter where it profited...
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Despite all the lawsuits with Apple and bickering over patent claims, injunctions, and all the other behind the scenes drama, Samsung has hit its stride, posting record quarterly operating profit of 5.8 trillion won ($5.13 billion in United States currency). That's up from 2.95 trillion won...
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