In honor of CNBC's 25th anniversary, the "Fast Money" traders give their top stocks to own for the next 25 years.» Read More
SAN FRANCISCO, Feb 20- Shortly after moving to Silicon Valley in 2004, the young Facebook founder Mark Zuckerberg pulled a prank on Sequoia Capital by making an investment pitch in his pajamas. The discussion never got serious, and Sequoia never invested in Facebook.
When it comes to the most influential in tech, you might jump to Jobs and Gates. But here the names you really need to know, these pros say.
Buyout firms Advent International Corp, Blackstone Group LP and Bain Capital LLC submitted binding offers last week for Kronos, a competitor of Workday Inc, the people said on Wednesday.
Of course, when we talk tech game-changers there's Steve Jobs and Bill Gates. But do you know who Jony Ive or Hasso Plattner are? You should.
The company also said Bill Gates would step aside as chairman of the board.
From Richard Sherman's outburst to Peyton Manning's style, here are some lessons executives can learn from the NFL.
Jan 27- Private equity firm Thoma Bravo LLC is exploring the sale of network security company Blue Coat Systems Inc and is expected to choose Goldman Sachs Group Inc to lead the effort, according to three sources close to the situation. Possible suitors could include IBM, Oracle Corp and Hewlett-Packard Co, one of the sources said.
Jan 23- Canadian business software maker Open Text Corp's second-quarter results beat analysts' estimates, driven by higher license sales and customer service revenue. Open Text, which has a market value of nearly $5.40 billion, will spend about $3.4 billion in the next five years on acquisitions, Chief Executive Mark Barrenechea told Reuters.
Jan 23- Canadian business software maker Open Text Corp reported a 12 percent fall in quarterly profit and announced a two-for-one stock split. Profit fell to $53.5 million, or 90 cents per share, in the second quarter, from $61.1 million, or $1.04 per share, a year earlier.
Jan 22- Shares in IBM Corp opened down about 5 percent on Wednesday, a day after it missed revenue expectations, hurt by weak demand for its servers and storage equipment, particularly in growth markets such as China.
We got an earnings report from IBM, and the picture they paint isn't pretty. The technology bellwether had a rough quarter.
Jan 21- IBM missed revenue expectations for the fourth straight quarter as it grappled with weakening demand for servers and storage in emerging markets such as China. Particularly in China, the government-owned corporations that IBM relies on for a large chunk of revenue are putting the brakes on IT spending.
Jan 21- IBM, the world's largest technology services company, reported quarterly revenue that missed estimates for the fourth straight quarter, due to a steep fall in demand for servers and storage products in emerging markets such as China. International Business Machines Corp shares fell 3.5 percent to $181.68 in after-hours trade.
WALLDORF, Germany, Jan 21- German business software maker SAP pushed back its profit target as it waits for subscription revenue from cloud-computing to gather pace and invests more in the business to keep up with a fast-growing market.
*Sees 2017 cloud revenue at 3.0- 3.5 bln euros. SAP and rivals such as IBM and Oracle are racing to meet surging demand for web-based software products, which allow clients to reduce costs by ditching bulky local servers for network-based software and storage in remote data centres.
German business software maker SAP said on Tuesday that additional investments in its cloud business would delay reaching its profit target.
LOS ANGELES, Jan 16- Sony Pictures Entertainment and Time Warner Inc's Warner Bros. led Hollywood studios competing for Academy Awards with 21 nominations each, grabbing publicity that could provide a box office bounce for their contending films, including "American Hustle" and "Gravity."
LOS ANGELES, Jan 16- Sony Pictures Entertainment and Time Warner Inc's Warner Bros. led Hollywood studios competing for Academy Awards with 21 nominations each, grabbing publicity that could provide a box office bounce for their contending films including "American Hustle" and "Gravity."
Cheap valuations and solid management make the financials sector Bill Nygren's top pick.
For the third year since 2011, films by Meagan Ellison, daughter of Oracle founder Larry Ellison, are box office hits and contenders for major awards.