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
Rumors of Steven P. Jobs’s ill health have been greatly exaggerated.
Despite Tele2's forecast-beating results and Julius Baer's smaller-than-anticipated profit loss, earnings around Europe met analysts' forecasts on Wednesday.
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.
With enhanced graphics, faster download speeds and easier access to fee-based games, Apple’s second-generation iPhone has the potential to revitalize the mobile gaming industry, experts say.
TiVo, the Silicon Valley company that introduced millions to the joy of skipping television commercials, is trying to crack a decades-old media dream. It wants to turn the television remote control into a tool for buying the products being advertised and promoted on commercials and talk shows.
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.
For eight years, Arnold Kim has been trading gossip, rumor and facts about Apple, the notoriously secretive computer company, on his Web site, MacRumors.com. Dr. Kim’s Web site now attracts more than 4.4 million people and 40 million page views a month, according to Quantcast, making it one of the most popular technology Web sites.
Wipro, India's third largest information technology outsourcer, missed forecasts with a 15 percent rise in quarterly profit, as the global economic downturn hurt demand from its major Western clients.
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.
The company missed the Street expectations by a penny, so in the big scheme of things not such a devastating issue. But the miss comes on far better than expected top line growth: $15.8 billion instead of the $15 billion analysts expected. What's the problem here?
Microsoft reported fourth-quarter earnings of 46 cents per share on revenue of $15.84 billion -- falling short of analyst estimates.
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...
Move over guns and grenades. Make room for karaoke microphones and Frisbees. The gaming world is going soft. Having been the home of fairly violent games like the Xbox 360's "Halo 3" and PlayStation 3's "Resistance: Fall of Man," the video game industry is looking to to grab more of the mass market consumer.
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.
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.
A grand jury subpoena sent by prosecutors in the Bronx earlier this year sought information to help identify people blogging anonymously on a Web site about New York politics called Room 8. The subpoena carried a warning in capital letters that disclosing its very existence “could impede the investigation being conducted and thereby interfere with law enforcement” — implying that if the bloggers blabbed, they could be prosecuted.
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.
It's that time again: the Electronics Entertainment Expo here in Los Angeles, at the LA Convention Center. Still a far more subdued expo than its heyday years, but bigger than last year's airplane hangar event in nearby Santa Monica.
Alcoa may have kicked off earnings season last week, but this week, the biggest names in the tech sector take center stage: Intel and IBM tomorrow: eBay Wednesday; Microsoft and Google on Thursday.
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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.