When wireless service provider AT&T Inc (NYSE:T) reported having accrued revenue which in spite of being profitable, was short of the projected figure, the grim outcome of drastic price-cuts took on an aura of reality. Courtesy of the growing competition in the wireless sector, service providers have not had much choice but to engage in…
Yahoo! Inc. (YHOO) Prepares To Release Turnaround Plan Amid Increasing Investor Pressure
Yahoo! Inc. (NASDAQ:YHOO) is all set to release it turnaround plan this week while doing everything possible to fend off investor pressure. The Internet company is under direct pressure from Starboard Value LP to rejuvenate its ailing online business. The CEO is likely to highlight potential acquisition opportunities at the event. Yahoo is under immense…
International Business Machines Corp. (IBM) Ready to Pay Up To $1.5 Billion For Its Chip Unit
It didn’t came as much of a surprise for the market when International Business Machines Corp. (NYSE:IBM) announced to pay $1.5 billion to Globalfoundries for taking its blue chip unit. The technology company was in talks with Globalfoundries for the past several months considering its ailing chip manufacturing business. International Business Machines Corp. (NYSE:IBM) gave…
Google Inc (GOOGL) Faces Potential Challenges in Mobile Operating System Industry, Android Open Source Project Gaining Popularity
Google Inc (NASDAQ:GOOGL) is dominating the mobile industry with Android, which comes bundled with several Google services. However, the increasing dominance of secondary operating systems and more companies looking into the Android Open Source Project is a matter of concern for the Internet giant. As of now, Google is the primary player in the Smartphone…
Alibaba Group Holding Ltd (BABA) Hosts Cloud Industry Developers Event, Offers Cloud Services Under AliCloud
Alibaba Group Holding Ltd (NYSE:BABA), the largest online retailer of the world, held annual developers’ meet for its cloud project arm in its home city, Hangzhou, with over 10,000 developers present during the event. AliCloud, Cloud-arm of the retail giant, is an indication of Alibaba’s wider growth strategies. AliCloud maintains its data centers and offers…
Twitter Inc (TWTR) Has Introduced A New Audio Playing Feature Which Can Be Used With Android And IOS
The fight for numbers isn’t about to end among social media companies. Every company is being pushed to create new features and enhance users’ experiences in a bid to retain their users, pull more, and get advertisers calling. On that very note, Twitter Inc (NYSE:TWTR) has introduced a new audio playing feature that enables users…
SanDisk Corporation (SNDK) Seeks New Opportunities In NAND Flash Products Which CEO Mehrotra Believes Have A Strong Potential
The shares of SanDisk Corporation (NASDAQ:SNDK) fell nearly 5% during the extended trading session after the chipmaker announced less-than-expected revenue for its third quarter 2014. Further, the company expects lower revenue for the current quarter considering timid supply constraints. SanDisk Corporation reported net revenue of $1.75 billion for its third quarter 2014 with a 7%…
Facebook Inc (FB) Video Service Flourishing and YouTube Is Feeling The Heat
Facebook Inc (NASDAQ:FB) social media platform users only used to copy video links from YouTube and other video sharing platforms before pasting them on their walls in order to share them with friends. Lately, many users are uploading videos directly on their Facebook timelines. As for users, it’s never a big deal as long as…
Google Inc (GOOGL) Achieved Growth In Its Advertising and Emerging Businesses; Continues To Support Its Growth With New Hires
The biggest search engine giant, Google Inc (NASDAQ:GOOGL), reported its third quarter 2014 financial results with less-than-expected revenues for the quarter. After announcing its revenue, its shares declined to $525.90 during the afterhours trade. Google announced its third quarter 2014 financial results with consolidated revenues of $16.52 billion and registered 20% increase in its revenue…
Ebay Inc (EBAY) Facing Challenge From Luxury Retailers, Reduces 2014 Revenue Forecast Amid Market Concerns
EBay Inc (NASDAQ:EBAY) has joined the list of companies that have cut down their 2014 revenue projections due to a blurry fourth quarter. The outlook is a sign of lower than expected shopping over the coming holidays. The company had initially given a 2014 revenue outlook of between $18 billion and $18.3, but has now…