Facebook Inc (NASDAQ:FB)’s Oculus announced an improved version of its virtual reality headset, which is lighter and better. The VR headset called Crescent Bay now has higher resolution, audio and better head movement detection. “That was not easy,” Oculus CEO Brendan Iribe told the audience Saturday at Oculus’s first-ever developers conference. “It’s still not perfect.…
Alibaba Group Holding Limited (BABA) – Amazon.com Inc (AMZN) Partnership Shrouded In Ambiguity
With its IPO, Alibaba Group Holding Limited (NYSE:BABA), created more than a splash in New York when its shares opened way above their initial price of $68 at above $90 mark throughout the day. For a Chinese company to have made such a mark in an American market, the event was indeed history being created,…
Apple Inc. (AAPL) Sets Pace for User Privacy As Google Inc (GOOGL) Announces Similar Move
To the iUsers who’ve been concerned about the privacy of their private data, the new announcement by Apple Inc. (NASDAQ:AAPL) about user data privacy is good news. Apple Inc. CEO, Tim Cook, announced that user data will now be encrypted at the device level for those using iOS 8, so even Apple won’t have access…
Yahoo! Inc. (YHOO) Loses Half of its Core Business Value Post Alibaba Group Holding ltd (BABA) IPO
After more than anticipated success of Alibaba Group Holding Ltd (NYSE:BABA)’s IPO, Yahoo! Inc. (NASDAQ:YHOO) would certainly be happier with the higher valuation of its existing 16.3% stake in the e-commerce giant. However, Yahoo’s core business lost nearly half of its market valuation after the IPO. During the first day of trading, Alibaba witnessed a…
Alibaba Group Holding Ltd (BABA) Dwarfed Industry Leaders Including Facebook Inc (FB), The Walt Disney Company (DIS), and Comcast Corporation (CMCSA)
Alibaba Group Holding Ltd (NYSE:BABA) created a new benchmark in public offerings with first day trade at NYSE where the company marched right ahead of industry leaders in terms of current market capitalization including Facebook Inc (NASDAQ:FB), The Walt Disney Company (NYSE:DIS), and Comcast Corporation (NASDAQ:CMCSA). Alibaba Group Holding Ltd (NYSE:BABA) became the biggest IPO…
Iliad SA (ILD) to Make a New Bid for T-Mobile US Inc (TMUS) by Mid-October
In its attempt to purchase Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY)’s T-Mobile US Inc (NYSE:TMUS), Iliad SA (EPA:ILD) is likely to renew its bid by mid-October or get out of the deal accordingly. Iliad is likely to make a new bid of $35 to $40 per share for anywhere near 60 percent to 90 percent of…
Alibaba Group Holding Ltd (BABA)’s Shares Soared 38% Amid Huge Market Demand
As per the expectations, Alibaba Group Holding Ltd (NYSE:BABA) received a cheerful welcome from the investors with 38% surge in its share prices to $93.89. IPO of the biggest online retailer of China lead to an exchange of 271 million shares on the first day. Jack Ma, Founder of Alibaba Group Holding Ltd (NYSE:BABA), founded…
Oracle Corporation (ORCL) Introduces a co-CEO Leadership Structure
The move by the founder and CEO Oracle Corporation (NYSE:ORCL), Larry Ellison, to appoint the two co-chief executives is seen by many analysts as a bold step towards the right direction. The two appointed to the new positions are Safra Catz and Mark Hurd. The two bring on to the company a high level of…
SAP SE (SAP) Ready to Acquire Concur Technologies (CNQR) for $8.3 Billion
SAP SE (ADR) (NYSE:SAP) and Concur Technologies, Inc. (NASDAQ:CNQR) came to an agreement that SAP America, Inc. will acquire Concur Technologies for $8.3 billion. SAP has offered 20% premium over the closing per share price of Concur Technologies amounting to $129.00. Concur Technologies, Inc. (NASDAQ:CNQR) is among the top companies of the world offering T&E…
Launch of Apple Inc. (AAPL)’s iPhone 6 and iPhone 6 Plus Greeted with Long Queues in Asia and Europe Due to High Demand
The set date for the launch of Apple Inc. (NASDAQ:AAPL) iPhone 6 and iPhone 6 Plus, September 19, is here with us. And as expected, many people made long queues to be the first ones to own the new large screen smartphones. Apple Inc. (NASDAQ:AAPL) had earlier announced that it had broken its previous iPhones…