TOKYO, April 25- Japanese consumer electronics firm Sony Corp has raised its operating profit estimate for fiscal 2015 to 300 billion yen, or four times its previous estimate, the Nikkei reported on Saturday. Expectations for higher sales of display sensors used in mobile phones and the Playstation gaming console were the reason Sony raised its forecast, the...» Read More
Microsoft said Kevin Johnson, the executive in charge of its Windows and Web operations and an instrumental player in the company's failed $47.5 billion bid to buy Yahoo, is leaving the company.
Baidu.com, China's top search engine, said on Wednesday its quarterly profit rose 87% and forecast another surge in revenue, boosted by Internet traffic growth from the Beijing Olympics.
Competing missives today from The Wall Street Journal and the New York Times about the latest in the does-he-or-doesn't-he-have-cancer, or is-Apple-lying sweepstakes. If I sound a little flip, my apologies, but the real nuggets of news buried deep within the noise, are getting lost.
It was a rare opportunity indeed, and a classy, stand-up decision by Yahoo President Sue Decker to sit down with me and answer some tough questions following months of wrangling, first with Microsoft, and then Carl Icahn.
Rumors of Steven P. Jobs’s ill health have been greatly exaggerated.
Yahoo's numbers don't do much to re-assure investors that this executive team is executing on the strategies CEO Jerry Yang has talked about to improve Yahoo's fundamentals. Add today's earnings to the shareholder agenda at the meeting next week. Investors simply cannot be happy with today's performance.
Yahoo may have doused one raging fire this week, settling with Carl Icahn, but there's still another blaze burning: the company's underlying business, and that may take far more effort to put out.
If you think you can't do much about high gas prices, you might want to think again. There's a new little gadget can help drivers burn less fuel. Ron DeLong, founder and owner of Linear Logic, maker of ScanGauge Version II explains.
Let me start by saying we all make mistakes, but when it comes to Apple Inc., when you make a mistake it matters. In this business, you can make or lose a lot of money for a lot of people by getting a story right or wrong.
TiVo, the Silicon Valley company that introduced millions to the joy of skipping television commercials, is trying to crack a decades-old media dream. It wants to turn the television remote control into a tool for buying the products being advertised and promoted on commercials and talk shows.
I said it earlier, and I'll say it again: traders trade, investors invest, and those with a longer term time horizon--months instead of weeks; weeks instead of days--will reap the rewards when it comes to Apple.
SanDisk Monday reported a sharp swing to a loss in its quarterly results as pricing was hurt by an industry glut of memory chips for gadgets, sending its shares down 9 percent after-hours.
The fact is, Apple has beaten the Street for the past seven straight quarters, and there's every indication that the company will do so again this time around. And yet the stock still languishes.
The analysts I'm talking to this morning seem to indicate that Yang really had no choice but to get this ugliness with Icahn settled prior to the shareholder meeting. If there's frustration out there, it's that Yahoo's board couldn't come up with a way to get this settled earlier than two weeks before the meeting.
Earnings reports from Google and Microsoft are casting doubts on the assumption that these tech giants are immune to the recent economic downturn.
International Business Machines's profit leaped 22 percent, blowing past Wall Street's estimates as its bread-and-butter services division continued to thrive despite economic malaise in the United States.
Minutes after reporting this news, the company offered up a revision to its full year earnings per share and the bump up is significant. Remember, IBM did this at the conclusion of its first quarter, taking EPS estimates up from $8.25 to $8.50.
The company missed the Street expectations by a penny, so in the big scheme of things not such a devastating issue. But the miss comes on far better than expected top line growth: $15.8 billion instead of the $15 billion analysts expected. What's the problem here?
Microsoft reported fourth-quarter earnings of 46 cents per share on revenue of $15.84 billion -- falling short of analyst estimates.
Looking a little deeper, the company's web site gross revenue failed to meet expectations: $3.53 billion versus the range of $3.54 billion to $3.57 billion. Networks site revenue was in line at $1.66 billion.