May 5- Video game publisher Electronic Arts Inc, known for titles such as "FIFA" and "Madden NFL," posted better-than-expected quarterly profit and revenue, helped by strong digital sales and the release of "Battlefield Hardline." Total revenue rose 5.5 percent to $1.19 billion for the fourth quarter ended March 31 from $1.12 billion a year earlier.» Read More
FRANKFURT/ WALLDORF, May 5- SAP Chief Executive Bill McDermott said his company has "zero interest" in acquiring software rival Salesforce.com, which is rumoured to be for sale. "We bought always assets that are best-in-class, which are assending in value," McDermott said in response to a journalist's question at a news conference at SAP's annual SAPPHIRE user...
Apple is expected to unveil its TV plans next month, including a redesigned remote control and a plan to entice cord-cutters.
May 4- Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing. Wall Street analysts said a change was expected and could signal a refocusing of Cisco, which acquired dozens of...
Dave Goldberg, chief executive of SurveyMonkey and husband of Facebook's Sheryl Sandberg, died after he collapsed at the gym at a private resort in Mexico.
What’s on the agenda for Cisco? Chuck Robbins will succeed John Chambers as the next chief executive of the company.
May 1- Credit rating agency Moody's Corp reported a better-than-expected quarterly profit, driven by strong growth in its bond ratings and financial services businesses. High-grade U.S. corporate debt offerings jumped 8 percent to $341.9 billion in the first quarter from a year earlier, marking the strongest three-month period for the asset class since...
LOS ANGELES— A federal grand jury indicted the veteran police chief for the Port of Los Angeles in an alleged kickback and bribery scheme involving the development of a smartphone app that was supposed to help reduce crime at the nation's busiest seaport. Ronald Jerome Boyd, 57, was named in a 16- count indictment that alleged wire fraud, lying to FBI agents, tax...
CARY, N.C. _ SciQuest Inc. on Thursday reported a first-quarter loss of $289,000, after reporting a profit in the same period a year earlier. For the current quarter ending in June, SciQuest expects its per-share earnings to range from 6 cents to 7 cents. SciQuest expects full-year earnings in the range of 29 cents to 33 cents per share, with revenue ranging from...
PLEASANTON, Calif. _ Callidus Software Inc. on Thursday reported a loss of $4 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share. Five analysts surveyed by Zacks expected $38.4 million.
NEW YORK— Next time you hear a song you can't quite name, just say "Shazam" to your Android smartphone. The Shazam app will identify the song and artist for you, even if you don't have the app open. The feature taps the Google Now voice assistant on Android phones.
DETROIT, April 30- Delphi Automotive Plc Chief Executive Kevin Clark said that the company will likely spend $1 billion to $3 billion this year on a large acquisition related to software to enhance vehicle connectivity. Clark said in a Thursday interview with Reuters after the company issued first-quarter earnings that "there is a funnel of some larger...
It was a mixed bag for earnings in the tech space, but one favorite stood out of the crowd for Morgan Creek Capital Management's Mark Yusko.
MILWAUKEE _ Rockwell Automation Inc. on Thursday reported fiscal second-quarter profit of $206 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share. Rockwell Automation shares have increased 1 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly...
TEL AVIV, Israel _ Radware Ltd. on Thursday reported first-quarter earnings of $6.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share. Radware shares have increased 6.5 percent since the beginning of the year.
NEEDHAM, Mass. _ PTC Inc. on Wednesday reported fiscal second-quarter profit of $5.4 million. For the current quarter ending in June, PTC Inc. expects its per-share earnings to range from 47 cents to 50 cents. PTC Inc. expects full-year earnings in the range of $2.18 to $2.30 per share, with revenue ranging from $1.28 billion to $1.3 billion.
April 29- Cloud software company Salesforce.com Inc is working with financial advisers to help it field takeover offers after being approached by a potential acquirer, Bloomberg said, citing people with knowledge of the matter. They closed up 11.6 percent at $74.65, valuing the company at about $49 billion. There is no certainty any deal will transpire,...
SAN FRANCISCO— Investors are betting that business software service company Salesforce.com will be sold, with Oracle Corp. emerging as the early favorite to pull off a deal that could cost about $50 billion. The speculation, spurred by a Bloomberg News report, lifted Salesforce's stock by $7.76, or more than 11 percent, to close Wednesday at $74.65.
April 29- Cloud software company Salesforce.com Inc is working with financial advisers to help it field takeover offers after being approached by a potential acquirer, Bloomberg said, citing people with knowledge of the matter. There is no certainty any deal will transpire, Bloomberg said, without identifying the potential acquirer. Salesforce, which has a...
LOS ANGELES— The creators of "Destiny" are ready to unleash the wolves. "House of Wolves" will also aim to right several wrongs as developer Bungie, publisher Activision and the sci-fi shooter's Guardian protagonists look to the future. "The short answer is everything," said multiplayer design lead Lars Bakken.
The challenge facing Periscope isn't user interest or support from its parent, Twitter. It may come down to usage and speed.
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Matt Hunter is the senior technology editor at CNBC.com.
Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.
Billy Corgan says musicians are still heavily exploited, which will cause the restructuring of the music industry.
Investors are being picky with social media stocks given recent earnings releases.
LinkedIn's disappointing guidance is tied to growing pains and won't prevent long-term growth, UBS' Eric Sheridan says.