Cisco Systems Inc. helped to boost tech companies in general today, as it released results for its fiscal first quarter ended October 24, 2009. Net income excluding items was US$0.36 a share, beating the US$0.31 analysts had forecast. Cisco’s revenues of US$9.02B also topped the US$8.74B that was expected. Furthermore, Cisco announced that its results [...]
Although Sony Corp posted a smaller-than-expected quarterly loss yesterday, the fact that it was its third-straight quarter in the red didn’t please shareholders. The Japanese electronics maker said that the Net Loss for its fiscal second quarter came in at JPY 26.3B (US$287.5M) compared with a net profit of JPY 20.8B in the year earlier [...]
A day after launching its long-awaited Windows 7 operating system, Microsoft Corp created quite a stir amongst investors after releasing its first quarter results yesterday. Microsoft, the world’s biggest software maker, stunned analysts by reporting a smaller than expected fall-off in profit to US$3.57B or US$0.40 per share, compared with US$4.37B or US$0.48 per share [...]
Though Advanced Micro Devices (AMD) Inc.’s Q03 2009 results beat analysts’ estimates, its outlook for the upcoming three month period left much to be desired. The chip maker said it foresees revenue in its fourth quarter increasing by 5% to 7% over the previous quarter, below its typical 9% sequential rise. AMD posted a loss [...]
Google Inc surprised analysts on Thursday (October 15), after reporting its largest ever quarterly profit in the company’s 11 year history – as demand for its online ads and e-commerce soared. Google saw its third quarter earnings jump 27% to US$1.64B or US$5.13 per share, up from US$1.29B or US$4.06 per share a year earlier. [...]
Cisco Systems Inc., the world’s biggest networking equipment manufacturer, has announced its second acquisition in less than two weeks. Cisco said that it agreed to purchase Starent Networks Corp., which makes equipment to give mobile carriers an idea of the kind of traffic that crosses their networks. The US$2.9B acquisition will help Cisco to gain [...]
Despite posting a sharp decline in quarterly earnings, 3Com Corp beat average estimates and its forecast for a stronger second quarter sent its shares surging 5.86% yesterday. Excluding certain items, first quarter earnings for the network equipment maker were down 60% to US$0.08 per share. However, the performance exceeded analysts’ expectations by 74%. 3Com Corp [...]
There’s no doubt that Perot Systems Corp shareholders are smiling all the way to the bank following Dell Inc’s agreement to acquire the IT company in an all cash deal worth US$3.9 billion. Under the terms of the transaction, which is set to be finalized between November 2009 and January 2010, Dell will offer to [...]
eBay Inc.’s share price climbed towards its 52-week high of US$24.51 yesterday, after analysts at UBS AG upgraded the stock to “buy” from “neutral”. UBS made the decision to upgrade eBay because “the core marketplace business has turned a corner, while the secondary market for goods provides a long-term growth opportunity.” Analysts on Wall Street [...]
It seems as though Nokia Corp. is pulling out all the stops in order to boost its bottom-line by the end of the year. Yesterday, Nokia announced that it will re-enter the personal computer (PC) market with a 10-inch laptop that boasts built-in 3G and wi-fi connections, as well as a battery life of up [...]