*Total revenue $2.91 bln vs est. May 4- Cognizant Technology Solutions Corp expects its healthcare business to drive growth this year, helped by its acquisition of healthcare IT services provider TriZetto Corp and the implementation of the U.S. Barclays analyst Darrin Peller said companies that have more exposure to healthcare and financial industries, and...» Read More
Lehman Brothers upgraded mobile phone maker Motorola to overweight" from "equal weight," saying improvements in operating expenses should help the company's phone unit return close to breakeven by the fourth quarter.
Semiconductor company Sigma Designs said fiscal second-quarter profit surged as sales more than double doubled. The company said it earned $8.6 million, or 32 cents per share, compared with a profit of $216,000, or a penny a share, during the same period a year prior.
U.S. computer company Apple and German automaker Volkswagen are discussing the possibility of building an "iCar" that would feature products by the producer of the ubiquitous iPod personal music player.
Shares of Apple rose sharply after the company said it will hold a product launch next week, prompting speculation that a new line of iPods will be unveiled.
Google said after U.S. markets closed Tuesday that George Reyes has announced plans to retire as chief financial officer by the end of the year and that the company will begin a search for a replacement.
EarthLink said Tuesday it will cut about 900 jobs as part of a restructuring to reduce costs, and its board authorized an additional $200 million share buyback, sending its shares up 10 percent.
Remember young George Hotz? He's the 17-year-old Apple hacker who figured out a way to "unlock" the iPhone so it would work on his T-Mobile SIM card, instead of the AT&T SIM card it came with? George enjoyed a whirlwind of press coverage, including quite a bit here on CNBC. I filed for "The Today Show" on Saturday about him.
An electric sports car, a prosthetic foot for land mine victims and a potentially lifesaving device known as the "Tongue Sucker" were among the winners Friday of an international award honoring innovative designs.
Seventeen-year-old George Hotz owns a mean soldering iron, and now he's Apple Inc. and AT&T's worst nightmare--and the source of some serious embarrassment. You see, George spent the last 500-hours of his summer vacation unlocking Apple's iPhone, the year's hottest gadget and only available to work on the AT&T network. Until now.
So UBS releases an update on Apple Inc. iPhone expectations and shareholders go wild. Tell me something I don't know! I'm sitting here in Terminal C at San Jose International Airport, reading the news on my BlackBerry, and the Apple nugget caught my attention. Apple shares have been losing altitude for weeks. $140-plus down to $112 and now clawing their way back.
When Viacom's MTV unveiled its new "Urge," online digital music destination at the big Consumer Electronics Show last year, it had all the earmarks of a major initiative. Justin Timberlake joined Van Toffler on stage during Bill Gates' keynote to unveil the service which would ultimately be tied to the then-upcoming Zune media player from Microsoft.
The stories seem so bleak: The sub-prime mortgage mess threatening to torpedo the global economy and plunge this nation into recession. Yet here in Silicon Valley, something weird is going on. Sure, sales are plunging, but home prices are actually climbing! The experts call it the Silicon Valley Real Estate Paradox. The most recent figures from DataQuick show that sales dropped 11% in July; but the media price of a single family home climbed 7.4% to a record $805,000.
Last week, we started a new weekly segment called TechCheck, sponsored by AT&T, that will air each Friday on "Closing Bell" in the 4p ET hour. The 60-second spot is a quick, entertaining look at some of the stories the tech community is talking about from the world of technology. Stories that I might not have a chance to get to on the air during the week, but are still worth a mention because they're interesting and/or fun.
It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.
Software company SAP and personal computer maker Dell are to cooperate in retail hardware and software, they said late on Tuesday.
Ever hear of VMware? Probably not since the company works in high end "virtualization software" that makes a computer run better; the way STP or other fuel enhancers increase the performance of your car? VMware does that with software for your PC.
A day after former Brocade CEO Gregory Reyes was found guilty on all 10 securities fraud charges brought against him, dozens of Silicon Valley executives--and hundreds of executives nationwide--faced with the same allegations, will have to re-think their defense strategies. The sweeping verdict in the first-of-its-kind criminal case for the U.S. Justice Department sent a seismic ripple through this region yesterday.
First things first: I'm disappointed. Fake Steve Jobs has been outed and I'm bummed about it. Some mysteries ought to just stay that way. Over the weekend, the New York Times' tech reporter Brad Stone outed Fake Steve as Forbes' Senior Editor Daniel Lyons. So now, as I read the blog, instead of hearing Steve Jobs' voice tell me the words, I hear someone else. Noise. A distraction. Something NOT Steve, but just another writer trying to be Steve. And that's a bummer.
Here we go again--when it comes to all the speculation swirling around whether Google will jump into the cell phone market, not with new software, but with a handset of its own. To wit, we've already reported the myriad possibilities and puzzle pieces pointing to a possible cell-phone market entry by the search giant
Apple shares plunged 7% in heavy trading Tuesday after a report--later denied--that cited production problems with the company's popular iPhone and iPod devices.