NEW YORK-- A Citi analyst on Wednesday assumed coverage of BlackBerry Ltd. with a "Sell" rating, saying that the smartphone maker continues to struggle and is worth more broken into pieces than as a whole company.» Read More
July 1- Billionaire investor Carl Icahn and Jefferies& Co have lined up $5.2 billion in loan commitments backing Icahn's leveraged recapitalization plans for computer manufacturer Dell Inc, sources told Thomson Reuters LPC.
TORONTO, June 28- BlackBerry's total market value plunged by more than one-fourth on Friday after the smartphone maker reported dismal quarterly results, prompting ever-deeper skepticism about a long-promised turnaround.
TORONTO, June 28- BlackBerry's market capitalization plunged by more than 25 percent on Friday after the smartphone maker reported dismal quarterly results, prompting deeper investor skepticism of the company's long-promised turnaround.
TORONTO, June 28- BlackBerry on Friday reported a quarterly loss and forecast an operating loss in the current quarter as results came in way below analysts' expectations, sending its shares tumbling 17 percent before the market opened. The smartphone maker reported a net loss of $84 million, or 16 cents a share, in the fiscal first quarter ended June 1.
LONDON, June 25- Software company Autonomy, owned by U.S. computer maker Hewlett-Packard Co., said on Tuesday it sold its remaining stake in video search engine group Blinkx Plc. Autonomy said it sold 45.7 million Blinkx shares at a price of 120 pence per share, in a deal valued at 54.84 million pounds.
June 21- Jefferies& Co will provide $5.2 billion in term loans to back Carl Icahn's bid for computer manufacturer Dell Inc, sources told Thomson Reuters LPC. The $5.2 billion is split between a $2.2 billion six-year term loan B-1 and a $3 billion three-year term loan B-2.
June 18- Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
LONDON, June 18- China's Huawei unveiled its flagship smartphone, the Ascend P6, at its first standalone launch event on Tuesday, underlining its ambitions to compete with Apple and Samsung in the top tier of mobile technology. Previously Huawei unveiled its handsets at industry trade shows like Mobile World Congress in Barcelona.
Bob O'Donnell, Program VP, Clients and Displays at IDC, says the market-share trajectory for Lenovo suggests it may outpace HP in 2013.
Gary Jackson, Big Data & Analytics Principal for Growth Markets at CSC, says the future of PCs lies not in mobile, but in wearable technology.
Steve Sedgwick and Geoff Cutmore discuss the shrinking PC market.
Cramer said that with fading prospects for the PC market, Michael Dell should give up his bid for the company he founded and move on.
Some traders are betting big that talk of a turnaround at Blackberry is over-hyped.
The buzz at the South by Southwest festival is all about the gadgets: computers controlled by the wave of a hand, cool new cameras and more.
Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.
Hewlett-Packard's quarterly revenue and forecasts beat Wall Street expectations as it continued to cut costs under CEO Meg Whitman's turnaround plan.
Dell Chief Executive Michael Dell, aiming to clinch a $24.4 billion deal to take the No. 3 PC maker private, has agreed to value his 16 percent stake about 2 percent below the offer price.
Wednesday afternoon the stock spiked after hours on a report that the board was considering a breakup of the company. Hewlett-Packard officially had no comment on the report.
Dan Primack, Fortune; and Carr Lanphier, Morningstar, discuss Dell's plans to sell itself to a buyout consortium, and weighs in on the state of the PC business today.
Apple was downgraded on Monday at R.W. Baird, where the senior equity analyst responsible for the rating just isn't convinced that consensus estimates are correct.