On Tuesday, IBM is supposed to launch the latest iteration of its ever-popular mainframe computer which now comes with security upgrades and data analytics capabilities even as it makes an effort to reduce the steady fall of the company in the current slow state of the market for advanced business computers.
International Business Machines Corp. plans to acquire Kenexa Corp., human resources management company, for roughly $1.3 billion in cash. The latest IBM’ acquisition shows that the company continues to strengthen its online software applications set.
Hewlett-Packard Co., the No. 1 personal computer maker, announced that it went-through another quarter of a decrease in demand for personal computers and services aimed at businesses. The company noted an $8.9 billion quarterly loss as personal computer sales dropped again and it recorded a huge write-down linked to its $13.9 billion purchase of Electronic Data Systems Corp. Meg Whitman, Chief Executive Officer at Hewlett-Packard Co., faces the turnaround challenge.
The share rates of HTC, the smart phone maker from Taiwan, have fallen by as much as 4% as the reports released on Monday state. The founders of the audio technology firm called Beats Electronics have raised concerns over the strategy of HTC, by means of which they have sold half of their holding back to the audio firm Beats.
Sony Corp., Japan’s largest exporter of consumer electronic, has informed that it plans to eliminate about 15 percent of its mobile-phone business’s workforce, or 1,000 positions, to reduce costs as well as hasten its presence in the growing smartphone market. In addition, Sony plans to move its headquarters office from Sweden to Tokyo, Japan, in October.
Two of the most successful online video firms in China have managed to get the approval of their stakeholders regarding their online video firms merger plan which is aimed at establishing one of the biggest online video firms in the country. The Chinese merger plan between the largest online video firms, Tudou and Youku, announced back in March of this year, will see Youku taking over Tudou, one of its rival online video firms in China, by means of a stock exchange agreement which is currently estimated around £640 million or $1 billion.
The Chinese merger plan between the largest online video firms, Tudou and Youku, announced back in March of this year, will see Youku taking over Tudou, one of its rival online video firms in China, by means of a stock exchange agreement which is currently estimated around £640 million or $1 billion.
Dell Inc. revenue and income dropped in the second quarter. As a result of weak results Dell decided to cut its third-quarter and full-year profit outlook. Currently customers are reducing their spending on computer purchases as they are waiting for the introduction of Microsoft’s Windows 8 Software. But Dell is not the only one affected by the decreasing trend; the whole PC business continues to struggle as a sluggish economic recovery immerges demand for personal computers.
Both, American electronics giant – Apple and South Korea’s Samsung Electronics, scored partial victories in a sentence made by German court. For last few years both companies have been at global war with each over tablet computers. Apple won a preliminary injunction against the Samsung Galaxy Tab 7.7, the sentence is another hit taken by Samsung. Accordingly, Samsung Galaxy Tab 7.7 is banned in all EU countries.
Google Inc. plans to cut 20 percent of Motorola Mobility Holding Inc’s staff; 4,000 employees will lose their jobs in the near future, according to the source near Google Inc.’s top executives. Google Inc. bought Motorola Mobility this year.
Data shows that Apple Inc. is the world’s most valuable company. Apple Inc.’s market value jumped to $623 billion on Monday, beating the previous record set by Microsoft Corp. in the beginning of the Internet boom in 1999. Apple Inc. is listed on New York NASDAQ stock exchange, which informed that Apple Inc.’s shares were valued at $660.
Negotiations between Best Buy Co. Inc. and its founder Richard Schulze on taking the company private were terminated as Schulze rejected due diligence deal, according to Best Buy’s officials.As it has been stated by Best Buy’s officials, the company had shown “great flexibility” as it gave Richard Schulze 60 days to prepare a deal for the company and at the same time the opportunity to propose a buyout offer directly to shareholders from the beginning of 2013, the end of Christmas shopping season, if the board rejects his offer. According to a Best Buy’s statement, Richard Schulze did reject the company offer.
Apple Inc. has claimed that they are entitled to about 2.525 billion dollars as damage in their battle of high stakes against Samsung Electronics Co. The dispute has been over patents for the technologies that are used in the tablets and the smart phones, such as the iPad or the iPhone.
OnLive, the streaming firm, has announced a restructuring of the company due to ongoing financial problems. As it is said, the company had gone through a kind a bankruptcy. However OnLive declared that the company would continue operating under its own name and all the services would “continue without interruption”.
Cisco Systems Inc., the world’s largest maker of computer-networking equipment, has published its quarterly profit and sales. The company noted a sales increase of 4 percent as well as a gain in profit for its fourth-quarterly results. Even though Cisco was affected by the economic turmoil as other companies all over the world, its latest financial results show that company is strong enough to increase its dividend.
Lenovo Group Ltd., the world’s second largest PC maker by sales, reported a 30 percent gain in quarterly net profit compared with its financial results from a previous year because of strong growth in personal-computer shipments in emerging markets. However it noted a slowest growth in one-and-a-half years due to sluggish demand in Europe and North America. In addition, the growth slowed downed as a result of the global economic weakness.
Verizon Wireless has been allowed to proceed with its $3.9 billion purchase of airwaves from cable providers, including Comcast Corp. The Department of Justice approved the deal, however at the same time it decided to place some restraints on the companies’ marketing agreements.
In a bid to up Nokia’s sales again, the Finnish company has decided to team up with the new version of Windows, Windows 8 and has planned to launch a smartphone. This news comes as no surprise to the various sources spread across the country. Since Nokia has been hitting an all-time low in business for some time now and seeing that their competition are getting famous and ahead of them. This might have in a way triggered off the want to up the business again.
IPhone5 release is said to be coming soon according to some anonymous sources. However there is no official information about the iPhone5 launch; rumors have been circulating that probably the iPhone5 release will take place on 12th of September
Game developers Electronic Arts anticipate profits derived from the digital downloads of their games to overtake the sales of physical gaming software within the span of a couple of years and according to their chief operating officer, the company is now directing its attention towards increasing its range of products meant for mobile and free-to-play.
Richard Schulze, the co- founder of Best Buy Co. (BBY), has offered to buy the company and this way make it private. It would be the fourth-largest U.S. retail takeover it the history. Richard Schulze remains the electronics chain’s main investor. He has sent letter to the board with a purchase proposal of $24 to $26 a share, thus he valued the company at $9.5 billion including net debt.