Lisa Su has been appointed the new Advanced Micro Devices, Inc (NYSE:AMD) chief executive to replace Roy Read who is said to have resigned from his position. Read has been instrumental in stabilizing the company’s financial performance. He is credited to have stabilized the company’s performance at a time when the PC market was doing…
Tesla Motors Inc (TSLA)’s and Mobileye NV (MBLY)’s Shares Up Prior to Model “D” Announcement, Tesla Motors (TSLA) Gained $2 Billion After Musk’s Tweet
How much value could a single Tweet add to a company? Well, the shares of Tesla Motors Inc (NASDAQ:TSLA) have gained 6% since October 1 when the CEO tweeted “it was time to unveil D and something else.” An analyst confirmed that the “D” stands for driverless in the latest offering of the electric carmaker.…
Has Apple Inc (AAPL) iWatch Failed to Infatuate Teenagers?
As per a survey conducted by Piper Jaffray, the most astonishing result was that only 16% of the 7000 teenagers admitted to being interested in the latest Apple Inc (NASDAQ:AAPL) product namely its iWatch. An analyst with the firm, Gene Munster interpreted the result on CNBC in the following words – “What’s driving that is…
Google Inc (GOOGL) Faces Uphill Task with Glass, Says Google X Chief
Penetrating the market with wearables hasn’t been easy for many tech companies. And on Wednesday, Google Inc (NASDAQ:GOOGL) X Chief Astro Teller acknowledged in an interview at the Vanity Fair New Establishment Summit that indeed it’s “tough”. To begin with, Google X is a semi-secret unit of Google Inc (NASDAQ:GOOGL) that specializes in the experimentation,…
Apple Inc. (AAPL) Invites Media for the October 16th Event to Unveil New iPads
There have been a lot of speculations surrounding the date when Apple Inc. (NASDAQ:AAPL) would be unveiling its new iPads. Rumors first went out that the event would be held on October 22nd, but some impeccable sources later said the event would be held on October 16th. Finally, the Cupertino, California-based company sent out invitations…
Tesla Motors Inc (TSLA) Faces United Opposition Of U.S. Dealers Favoring Franchise System
The direct sales approach of Tesla Motors Inc (NASDAQ:TSLA) is gaining a lot of resistance from franchise owners stating that franchise based auto dealers favor the customers. The electric car maker is working on a new concept to showcase its vehicles in company-owned showrooms and take the orders online, hence threatening the franchise model. Tesla Motors…
International Business Machines Corp. (IBM) Ready to Reinitiate Talks to Spin off its Ailing Chip Unit
International Business Machines Corp. (NYSE:IBM) is likely to resume its discussion with Globalfoundries Inc to spin off its chip-manufacturing unit. This is the second time these two companies are entering negotiations as Globalfoundries rejected IBM’s $1 billion offer to take the unit during previous discussions in July. According to the sources, International Business Machines Corp.…
Apple Inc (AAPL)’s iPhone 6 in Demand Which Causes Samsung Electronics Co Ltd To Lose 60% of Its Quarterly Profit
Samsung Electronics Co Ltd (KRX:005930) disclosed its earnings guidance for the third quarter 2014 indicating a decline of 60% in its operating profit during the July to September quarter. Further, the company lost sales to its Smartphone rival Apple Inc (NASDAQ:AAPL), which is receiving huge success with its latest bigger screen versions of iPhone 6.…
Roger McNamee Criticizes Hewlett-Packard Company (HPQ)’s Split Decision
The move by Hewlett-Packard Company (NYSE:HPQ) to split its software and corporate hardware services from PCs and printers has been hailed by many investors as a move towards the right direction. The company’s stock rose over 4% yesterday to close at $36.87. As for technology investor Roger McNamee, who is also the founder and MD of…
Dell Inc. (DELL) Gets an Opportunity to Get Back at Hewlett-Packard Company (HPQ) Over Split News
Hewlett-Packard Company (NYSE:HPQ) has finally made it clear that it will be splitting its hardware from software services to trade as two different entities. This, the company says, is a move to ensure innovation and enhance shareholder value. One segment will focus on the production of PCs and printers while the other will focus on software…