After months of speculation and behind-the-scenes clamoring, Microsoft Corp has finally gotten its wish. The technology giant has reached a 10-year agreement to partner with Yahoo! Inc as it goes up against the undisputed champion in the search engine business – Google inc. With this latest move, Microsoft will have exclusive access to the Internet’s [...]
International Business Machines (IBM) is looking to solidify its spot as the world’s number one computer-services provider. IBM, which is also known as the “Big Blue”, announced that it will acquire statistical software developer SPSS Inc. in a US$1.2B all-cash deal that is expected to help it further penetrate the analytics business. This is just [...]
The world’s largest chip-maker, Samsung Electronics Co. Ltd. surprised analysts with better-than-expected earnings for its second quarter. Profits rose 5% to US$1.81 from the same period last year – on strong sales of flat screen televisions and mobile phones as well as higher prices for memory chips. Looking forward, Samsung expects to exceed its full-year [...]
Xerox Corp, the world’s leading supplier of digital printer and document management solutions, announced lower quarterly results yesterday. For the second quarter, Xerox posted net income of US$140M (or US$0.16 per share), substantially lower than the US$215M (US$0.24 per share) it recorded for the comparative period one year ago. Revenues slid 18% over the same [...]
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Apple Inc has done it once again. On Tuesday evening, the maker of iPods and iPhones reported a 15% rise in quarterly profits, its best quarterly performance in a non-holiday season. Net profit for Apple’s third quarter came in at US$1.23B or US$1.35 per share, vs. earnings of US$1.07B or US$1.19 per share in the [...]
International Busineess Machines (IBM) Corp announced earnings that beat forecasts, with second-quarter EPS rising 18% to US$2.32. On average, analysts were anticipating EPS of US$2.02. IBM’s profits were due to an improvement in its margins (revenue growth actually slowed), showing that their strategies over the past few years are beginning to pay off. IBM raised [...]
Europe’s biggest consumer electronics producer, Royal Philips Electronics NV, pleased investors and surprised Wall Street with a return to profitability in the second quarter of 2009. Royal Philips Electronics reported a net profit of EUR 45M for the quarter ended June 30, 2009 (Q02 2009), compared with a loss of EUR 59M in Q01 2009. [...]
Infosys Technologies Ltd., India’s second largest software exporter, surprised analysts yesterday with a better-than-expected 17% rise in profits for its fiscal first quarter (Q01 2009/2010). Net income increased to US$314M, up from US$266.7M in the previous quarter and ahead of forecasts of US$285.3M. Infosys stated that it was able to increase its bottom line through [...]
Google, the world’s most popular search engine, is developing an operating system (OS) for personal computers that will rival Microsoft’s immensely popular Windows operating system. The Google OS, based on Google’s own Chrome Web browser, will be made available initially on low-priced net books. Google is currently holding discussions with partners on the project, and [...]
Microsoft Corp’s new search engine BING gained U.S. market share from its major rival Google Inc., this according to data released yesterday. It has been just approximately one month since BING was launched, and the new search engine accounted for 8.23% of U.S. web searches in June, up 5.38% prior to BING’s debut. Google, by [...]