Nov 24- EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since...» Read More
The moment I first saw Amazon's Kindle electronic book reader, I thought, "Oh wow, here's a product searching for a market, rather than an innovation addressing an unmet market need." Flash forward to today as Citigroup doubles its Kindle sales projections, from 190,000 to a whopping 380,000 units this year.
Put this one into the, "You Gotta Be Kiddin' Me," file. But it's gotten so serious that Apple Inc. was forced to take action.
So after all the high drama, the passion, the verbal assaults, the hand-wringing, the concerns, worry and bitterness, Yahoo's shareholders have spoken. And they are resoundingly supporting the current board of directors. And I mean resoundingly...
Apple Inc. was called on the carpet last summer after releasing the original iPhone and then cutting its price just eight weeks after by $200, leaving many Apple fans -- and recent Apple converts -- angry and disgruntled.
The Apple switch from IBM's spacerPowerPC microprocessors to Intel's chips made big headlines a couple of years ago, and the relationship by all accounts, has been incredibly beneficial for both.
Here in Redmond, Washington, at Microsoft's global headquarters, the Johnson news is top of mind. Microsoft is preparing to meet with Wall Street at the company's Financial Analyst Meeting. Now, Microsoft will be forced to deviate--in a serious way--from its prepared agenda
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.
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.
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.
Logitech International, the world's largest maker of computer mice, posted an 11.5 percent rise in first-quarter net profit on Monday, boosted by the strong performance of Harmony-brand remotes.
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.
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.
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.
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.
Here's the classic multi-national tech company, the bellwether for so many different reasons, and at a time when just about everyone is worried about domestic recession, a global economic slowdown...
Microsoft will report its fourth fiscal earnings quarter after the bell today, and investors will be keenly watching guidance to make sure the company wasn't too aggressive in its forecasts the last time around.
Google shares might not reflect the level of optimism swirling around this company right now, but this could be a break-out earnings report from Google after the bell later today.
This was a big quarter for Intel, no matter how you slice. But while shares soared the moment this earnings news crossed the wires, as they did last quarter, they quickly settled back. Again. As Wall Street worries about computer industry sluggishness. Again. Even though Intel isn't seeing that. Again.
Dow component Intel reports earnings after the bell later today, and while I touched on expectations yesterday, I want to go a little deeper today, especially with a market like this one.
Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.