SAO PAULO, June 30- Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said in an interview on Tuesday that Brazil was "stage one of our Latin...» Read More
Strong earnings results this week from IBM and Intel have tech stocks in the midst of a nice rally.
IBM reported earnings that rose more than 25 percent, trouncing earnings expectations, and raised its profit outlook for the year.
EBay's numbers for its first quarter look pretty good with the online auction house beating Wall Street estimates by 3 cents, reporting 42 cents instead of the 39 cents analysts were looking for. That news came on better-than-expected topline performance as well.
If investors were steeling themselves for weak tech earnings, they got to exhale in a big way following Intel's optimistic outlook on Tuesday. And if Intel isn't seeing any domestic or global business slowdown, as the company's chief financial officer Stacy Smith told me following the earnings news, it stands to reason that IBM might be in a very good position to sound...
Shares of major semiconductor companies and telecom equipment firms rose Wednesday morning as solid a first-quarter report and outlook from chip maker Intel lifted both sectors.
It's been a busy quarter for eBay, highlighted of course by the naming of John Donohoe as Meg Whitman's successor, but investors are focused more on share price than who's sitting in the C-suite.
Intel reported lower earnings that matched analysts' estimates, but the company's shares took off in late trading as it gave guidance that was higher than expected.
The pressure was on the world's largest chipmaker and judging by the company's outlook, Intel did not disappoint. The company reported 25 cents a share in EPS on $9.67 billion, essentially in line with Wall Street expectations.
Talk about a great couple of days last week: Wednesday into Wednesday night, I get to hang out with Bon Jovi during their Silicon Valley visit for a story on the technology the band uses in its show.
With Intel, the bad news is already baked in, and that's leading many analysts to expect good things from the company at the close today. Funny how when a company lowers its own expectations, and is now expected to at least meet them that it translates into "good news" for Wall Street.
I knew that headline would catch your attention, and it should when you're trying to figure out the vagaries of Yahoo and its dealings with Microsoft, Time-Warner, News Corp. and any of the other suitors, or vultures, out there trying to become part of the company's future.
It's so easy to paint investing with broad brushstrokes, and say "tech" is strong, or "tech" is bad, but with Intel, IBM, eBay and Google all reporting this week, we get to remind ourselves that the sector is made up of individual stocks and individual industries.
Google and Salesforce.com are expanding a 10-month-old collaboration to accelerate their sales of customer management and office software to businesses, and in the process taking aim at competitor Microsoft.
This is the second of my two part blogs on Bon Jovi. Make no mistake: Bon Jovi is big business, as we discovered during the band's recent stopover here in Silicon Valley in the middle of its 100 city, global "Lost Highway" tour. Just ask the band's manager, Paul Korzilius.
This is the first of two posts on my "exclusive" interview with Bon Jovi. Be sure and come back tomorrow for more. Bon Jovi's tour continues through the United States today, but it was at a visit to Silicon Valley earlier this week that I got a taste of the phenomenal technology the band is using during the show.
CNBC Contributor David Pogue looks at three new camcorders vying for the title of "world's smallest".
Yahoo is apparently the belle of the ball if you believe the Wall Street Journal and the New York Times, both with stories tonight that competing bids will surface Thursday from News Corp. and Time Warner -- Are you kidding me?
After recovering from the bursting of the dot-com bubble, America’s technological heartland is again facing some tough conditions.
Just how bad can it get for Advanced Micro Devices? Seems we've been down this road often, and recently. It was only January when Banc of America issued a blistering advisory to clients that despite a 62 percent pummeling in 2007, AMD spacer was still not a good deal; that difficult times still lay ahead.
Novellus Systems said Tuesday its first-quarter earnings would be lower than expected and its revenue would be at the low end of its forecast range, sending its shares down 5 percent.