International Business Machines Corp. (NYSE:IBM) has ditched a five year plan of its earnings and announced that it will reveal an update to its projections in January. As a result, IBM stock tumbled by no less than 5%. International Business Machines Corp. (NYSE:IBM) has brushed a three year low and the company might face horrific backfire from the investors. Among IBM’s shareholders is Warren Buffett, who just lost $900 million of his investment in the chipmaker. Doug Freedman, Managing Director, US Semiconductor Research at RBC Capital Markets discussed this decision of IBM in a program on CNBC and said that…
Author: Sean Johnson
In 2010, just before the Facebook Inc (NASDAQ:FB)’s IPO in the US was rolled out, a guy named Paul Ceglia filed a claim in the courts that he owns more than 84% ownership rights of the company. This claim caused a massive stir in the media and Facebook Inc (NASDAQ:FB)’s CEO Mark Zuckergberg went through a lot problems to overcome this distraction. Later on, the documents filed by Ceglia were proved to be forged and he was arrested in 2012. But Facebook’s legal department and Mark Zuckerberg seem to be clinging to this old case. In a recent development, the…
In a program, CNBC’s Eamon Javers reported about latest tussle between tech companies like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) and government secret agency, FBI. Apple and Google and backing off from the alleged cooperation with the government and have pledged to introduce some features that will make devices and software completely secure. The government claims that these features will give terrorists and other bad guys an opportunity to get away from government surveillance. This comment is conveying the message between the lines that government was using devices and software made by Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) to…
After a lot of waits, Amazon.com, Inc. (NASDAQ:AMZN) has finally announced that it is going to launch its much awaited delivery service, dubbed as AmazonFresh in New York. The service will be initially rolled out for prime customers. Customers will be able to place orders for anything, including groceries, toiletries, electronics and daily household items. Amazon.com, Inc. (NASDAQ:AMZN)’s latest delivery service will deliver items at the doorsteps of customers and the company is expecting a lot from this step. Any order more than $35 placed around 10 A.M will be delivered the same day, whereas big orders that are placed…
CNBC’s Jon Fortt talked to Microsoft Corporation (NASDAQ:MSFT)’s CEO Satya Nadella about his vision about Cloud platform. Nadella was very clear about his goals when he became CEO of Microsoft. Nadella believes that future belongs to the Cloud, Enterprise and mobile. Fortt showed some of the excerpts from Microsoft Corporation (NASDAQ:MSFT)’s CEO interview. Nadella thinks that there is a plethora of barriers in the Cloud domain. If a company is not already spending $4-$5 billion in Cloud domain each year, there is a scarce chance that it can make an effect in the market. Nadella said that not all the companies…
The battle for strengthening the grip on customer base in the tech markets is never ending. Famous technology giants like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN) are pushing the markets to new limits. Every company is striving to bring out something innovative in order to cease the market. In a program CNBC, Ari Levy talked about how famous tech companies are trying to mark a pronounced effect in the markets. He thinks that Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB) and Amazon.com, Inc. (NASDAQ:AMZN) are clearly at the frontiers of the…
In an article on New York Times, Judith Newman explained how Apple Inc. (NASDAQ:AAPL)’s Siri has helped her son in overcoming autism. Newman’s son, suffering from Autism, he has found the true friend in the form of Siri. He keeps on interacting with Siri on different matters. Newman explained how her son talked to Siri and asked it if it wants anything as it keeps on helping others but doesn’t take anything in return. Newman’s son, Gus, has a habit of asking questions. Gus has no real life friends. Newman was reading about Apple Inc. (NASDAQ:AAPL)’s virtual assistant feature in…
In an article on Lemonade, Harold Thibault talked about Alibaba Group Holding Ltd (NYSE:BABA)’s possible deals with French government. Recently, Alibaba Group Holding Ltd (NYSE:BABA)’s CEO Jack Ma met with French foreign minister and French council in China. The meeting took place in Shanghai. The environment was casual and most of the talks were in English language. This was probably the most important business meeting held by French top official in China. Alibaba Group Holding Ltd (NYSE:BABA)’s expansion worldwide has compelled many nations to take this e-commerce giant very seriously. Thibault said that Alibaba Group Holding Ltd (NYSE:BABA) broke all sales…
In an article on Challenges, Philippe Boulet-Gercourt talked about life and business strategy of Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings. Gercourt thinks that Hastings is the champion of doing things in his own way. Hastings has always believed in ‘staying un-predictable’ and his business strategies revolve around doing things that are sometimes totally different. But in these apparently strange things lies the true success for Netflix, Inc. (NASDAQ:NFLX)’s CEO. Gercourt said that because of Netflix, Inc. (NASDAQ:NFLX), Hastings became a billionaire. Hastings has always opted for things that are out of the main market streamline. The source quoted Gina Keating, Reuters…
Tesla Motors Inc (NASDAQ:TSLA) recently revealed its Model S All Wheel Drive feature. In an article on Green Car Reports, David Noland, explained how Tesla Motors Inc (NASDAQ:TSLA) is able to increase the efficiency of its Model S Car despite of the fact that all wheel drive tends to deplete the efficiency because of increased weight and combustion processes. Noland thinks that in conventional cars having internal combustion engine, the efficiency is reduced upon the introduction of all-wheel drive because of the addition of gears, friction and chemical processes. Tesla is clearly taking lead from Bayerische Motoren Werke AG (ETR:BMW)’s…
NPD group has released its statistics for September. According to the report, Sony Corp (ADR) (NYSE:SNE)’s PlayStation 4 is taking the lead in the console sales. Sales of video game related products rose to 2% as compared to the same time last year. The game related sales are now brushing $1.1 billion mark. In a program on The Street, Britanny Omer reported that Sony Corp (ADR) (NYSE:SNE)’s PlayStation has beaten Microsoft Corporation (NASDAQ:MSFT) despite of the predictions done by Wedbush Securities analyst ,Michael Pachter, which went against Sony. Software sales experienced a tumble in September. NPD report shows that software…
Jonathan Zufi, a 42-year-old Australian is probably the most fanatical fan of Apple Inc. (NASDAQ:AAPL) till yet. Some years ago, Zufi started buying all the Apple Inc. (NASDAQ:AAPL) products. These products included all products that were released under Apple brand since 1976. They include printers, Apple Inc. (NASDAQ:AAPL) I computer, desktops, iPhone, iPads. Zufi then placed all these products in a specially designated space for Apple Inc. (NASDAQ:AAPL) museum. A photographic shrine was then evolved when Zufi, with the help of his photography teacher, started taking photos of these historic products from different angles. Products were placed in the similar background…