Anne Mulcahy, chairman and former CEO of Xerox, said the uncertain economy has forced the company to remain cautious about spending and instead focus on making sure costs remain under control and that its balance sheet remains strong.
Driven by the pressure to innovate, companies facing major technological change have wholeheartedly embraced management gurus’ advice on how to develop creative, breakthrough products. As a result, corporate America is flush with incubators, skunk works and innovation silos.
Western Digital saw heavy trading in both stock and options yesterday ahead of its earnings report after the market closes today.
A growing number of civil libertarians and customer advocates wants Amazon to fundamentally alter its method for selling Kindle books, lest it be forced to one day change or recall books, perhaps by a judge ruling in a defamation case - or by a government deciding a particular work is politically damaging or embarrassing.
Five-star fund manager Richard Parower seeks "growth at the right price" — and he says there's plenty to be found in technology stocks. The handler of the Seligman Global Technology Fund — up 26 percent year-to-date — shared his top picks with CNBC.
Options traders apparently think that Western Digital is headed lower. OptionMonster's tracking systems detected heavy activity in the July 22.50 puts, which changed hands for $0.60 to $0.90 Tuesday morning.