After almost a year of having announced the launch of 3D robots, Intel Corporation (NASDAQ:INTC) has finally scheduled the event for Saturday, 20th August, 2014, wherein it will be introducing to the world ‘Jimmy’, a 3D printed build-it-yourself robot. Credit for having built this machine goes to a futurist at Intel Corporation (NASDAQ:INTC) known as…
Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), Oracle Corporation (ORCL) Lead Tech Market Ahead of Alibaba’s IPO
The shares of Alibaba Group Holding Ltd will start trading at the NYSE on Friday and a day before the launch of the biggest IPO offering, Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and Oracle Corporation (NYSE:ORCL) lead the tech market gains. Apple Inc. (NASDAQ:AAPL)’s shares rose $0.21 closing at $101.79, as the company announced its…
Yahoo! Inc. (YHOO)’s Alibaba Dislodges Amazon.com, Inc. (AMZN) to Become the World’s Most Valued Retailer
Yahoo! Inc. (NASDAQ:YHOO)’s Alibaba begins trading today, September 19, at the New York Stock Exchange (NYSE). The China-based company made an entry with its initial public offering (IPO) priced at $68 a share, raising the company’s valuation to a remarkable $167.6 billion. With that value Yahoo! Inc. (NASDAQ:YHOO)’s Alibaba overtakes Amazon.com, Inc. (NASDAQ:AMZN) to become…
Facebook Inc (FB) Founder and CEO, Mark Zuckerberg, Says More Students Should Explore Tech
Mark Zuckerberg, the founder and CEO of the world’s largest social network, Facebook Inc (NASDAQ:FB), has said that more students should explore tech, and he is ready to support the cause. Zuckerberg said that learning computers opens a floodgate of opportunities, making it possible for the students to do what they want. Facebook Inc (NASDAQ:FB)…
Oracle Corporation (ORCL) Shares Lose 2% in After Market Post Larry Ellison’s Departure as CEO
The shares of Oracle Corporation (NYSE:ORCL) were down nearly 2% in the after-hours trading following the news of Larry Ellison leaving the CEO post and less than expected quarterly results from the company. Larry Ellison stepped down from the CEO position only to resume working as chief technology officer and board’s Chairman. Mark Hurd and…
Facebook Inc (FB) Adjusts News Feed Algorithm After Twitter Inc (TWTR) Won Admiration for Timely News Feeds
Facebook Inc (NASDAQ:FB) announced Thursday that the company had made an array of changes to its news feed algorithm to provide timely updates to users. The change comes after the social media giant was widely criticized for showing users “the ice bucket challenge” as the trending topic while Twitter Inc (NYSE:TWTR), Facebook Inc’s competitor, was…
Yahoo! Inc. (YHOO) or Alibaba, Which One Is Better For Holding In The Long-Term?
With a few hours left in the opening trade of Alibaba Group Holding Ltd, investors are all set to buy the shares of the Chinese e-commerce giant. The company has released an initial target range of $66 to $68 for its shares. However, an important question remains unanswered: Which is a better bet among Yahoo!…
What Does Alibaba IPO Hold In Store For Yahoo! Inc (YHOO)?
Friday-morning action is what everyone is waiting for when China-based ecommerce entity will open its first IPO. While there is lot of skepticism about the profitability of its shares in the long run, something that is likely to make a difference is that Yahoo! Inc (NASDAQ:YHOO) owns a 22.6% stake in the company and hence…
Rackspace Hosting, Inc. (RAX) Decides to Stay Independent, Shares Plummet 17%
It was the worst surprise that Taylor Rhodes, new CEO of Rackspace Hosting, Inc. (NYSE:RAX), could have expected from the investors. Shares of Rackspace fell nearly 17% after the announcement that the company would stay independent and called off selling efforts. Rackspace Hosting, Inc. (NYSE:RAX) mentioned in its May SEC filing that the company is…
Damodaran Believes That Yahoo! Inc. (YHOO)’s Alibaba’s Management Emanates Warning Signals to Share-Holders
Yahoo! Inc. (NASDAQ:YHOO) management and investors are excitedly waiting for the day when the biggest e-commerce outfit in China named Alibaba.com Limited commences trading on 19th September, 2014. While much of the enthusiasm is attributed to the growing popularity and expansion drive of the company, financial experts the world over have been vocal in expressing…