WESTON, Fla. _ The Ultimate Software Group Inc. on Tuesday reported second-quarter profit of $3.7 million. Ten analysts surveyed by Zacks expected $146.2 million. For the current quarter ending in September, Ultimate Software said it expects revenue in the range of $156 million.» Read More
Taking a step that professors may view as a bit counterproductive, some universities are doling out Apple iPhones and Internet-capable iPods to students, the New York Times reported.
There has been so much written about Apple and the iPhone recently: the 3G issues, the MobileMe mess, the so-called Apps Kill Switch controversy, the iPod and its battery/BBQ issues, the company's $20 billion in cash, and a stock that continues to try to claw its way back from the doldrums. What investors ought to be focusing on, instead, is the back-to-school shopping season.
This has been a rough year for eBay, and now the company is trying to do something about it. Trouble is, you have to wonder whether making its business model similar to Amazon.com, which has been eating eBay's lunch this year, is the right way to go.
The Palm Treo Pro is one of the most anticipated product releases in the company's history. Riding the wave of the Centro smartphone, Palm was in a position to capitalize nicely on its marketplace momentum with Treo Pro's release Wednesday. But there's a hitch...
This is an important week for Intel, a company at a kind of competitive and technological crossroads. The company is hosting its annual developers' forum in San Francisco, with chairman and former CEO Craig Barrett delivering today's keynote.
Over the past few weeks, several Wall Street kernels have popped when it comes to Apple. And this morning, Pacific Crest Securities' Andy Hargreaves focuses on Apple's iPhone and its momentum in the marketplace.
First there was the craziness with Yahoo and Microsoft. Will they? Won't they? Should we even care anymore? Now, to quote Yogi Berra, it's like deja vu all over again, with investors in Electronic Arts and Take-Two Interactive wondering whether this marriage will ever come off, or whether the wheels come off the deal instead.
Video game publisher Electronic Arts may be retracting its hostile bid for smaller rival Take-Two Interactive Software, but a deal -- and a friendly one at that -- is more likely than ever.
Autodesk posted a quarterly profit slightly above its own forecast as revenue gained 18 percent, and issued a forecast that was above many analyst estimates, lifting its shares by 7 percent.
Apple's numbers have long been staggering; the way this company has grown; the way it continues to beat the Street; the way new products fly off shelves; the way Apple generates profits. But nothing is more staggering than Apple's market cap.
This is another Apple Inc. story working its way through the blogosphere at break-neck speed, spreading like a fungus in a damp swamp of conjecture, fear and a noticeable lack of details.
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.
Analyst Mark McKechnie at American Technology Research tells me Cisco's results are a "good, clean, solid quarter," pointing to inline gross margins of 65.2 percent, lower expenses, a slightly lower tax rate, and tellingly, a "strong book to bill despite worries about economic weakness."
Some hurting, poorly managed companies can turn out to be great stocks. Fast Money kicked off their special series "Bad Company, Good Stock" by first taking a look at Microsoft.
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...
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.
Oracle amended its lawsuit against SAP on Monday, saying SAP executive board members were warned that its TomorrowNow unit was engaged in corporate theft before SAP bought TomorrowNow.
Here are some thoughts on Microsoft's CEO Steve Ballmer and his comments to more than 250 Wall Street analysts this morning here in Redmon.
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
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Matt Hunter is the senior technology editor at CNBC.com.
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.