tech industry

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Apple Earnings Disappoint


 Apple Earnings Disappoint 
Jul 24, 2012 3:59 PM CDT

Apple Earnings Disappoint

Company posts gains but fails to meet analyst expectations

(Newser) - Apple says its growth slowed in the most recent quarter, disappointing investors who thought its progress was unstoppable. In both revenue and net income, Apple posted the smallest increases in years for the April to June period, failing to meet analyst expectations.

Now Silicon Valley Warns of Device Addiction

Take a break from iPhones, iPads, tech leaders warn

(Newser) - You'd think those who work in Silicon Valley, of all places, would want you to be utterly dependent upon your smartphones and tablets—but increasingly, those in the tech industry are actually worried about users' growing addiction to their devices. People "need to notice the effect that time...

Yahoo Could Pay Marissa Mayer $100M Over 5 Years

Stocks and options dwarf her actual salary

(Newser) - She may have an almost impossible task ahead of her at Yahoo, but at least Marissa Mayer will be well paid for her efforts. Very well paid. Kara Swisher of All Things D reports that Yahoo could end up shelling out at least $60 million over five years, more than...

Microsoft Posts First Loss; Google's Earnings Rise

Software maker has never had a quarterly loss before

(Newser) - Two different outcomes today for two tech giants:
  • Microsoft: The company said that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. Microsoft took a $6.2 billion charge because its 2007 purchase of online
...

Marissa Mayer Will Likely Fail at Yahoo—But Don't Blame Her

Farhad Manjoo: She's great, but she has a near-impossible task

(Newser) - Marissa Mayer has said she likes to feel a little over her head, and her decision to leave Google to run Yahoo certainly must qualify, writes Farhad Manjoo at Slate . Mayer is great, but Yahoo is a bloated, unfocused mess. Lately, it has "flitted from one new Web fad...

Hewlett-Packard to Cut 27K Jobs
Hewlett-Packard
to Cut 27K Jobs
May 23, 2012 3:32 PM CDT

Hewlett-Packard to Cut 27K Jobs

It's the company's biggest reduction in its 73-year history

(Newser) - Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad, and other mobile devices makes it tougher for the company to sell personal computers. The cuts announced today represent HP's largest payroll purge in its 73-year history. The reductions will affect about 8% of...

Apple Beats Expectations Again, Sells 35M iPhones

Earnings nearly doubled from a year ago

(Newser) - Apple, the world's most valuable company, is trumping skeptics once again by reporting blow-out iPhone sales. Apple says it sold 35 million iPhones in the quarter, almost twice as many as it sold a year ago and above analyst expectations. Company shares were down before the report because investors...

Downside of Our New Gizmos: Mounting E-Waste

But we can mitigate the worst problems: Bryan Walsh

(Newser) - Apple's rollout of the new iPad comes with the usual fanfare, but Bryan Walsh at Time raises a related problem that gets only a fraction of the same attention: our rising piles of electronic garbage and their very real environmental risks. These days, tablets and smartphones aren't meant...

Apple Earnings Soar on Huge iPhone Sales

Company sells 37M as earnings double

(Newser) - Apple's first quarter since the death of Steve Jobs went very, very well: The company reported that net income doubled to a record $13.1 billion from the same period last year, reports MarketWatch . That translates to $13.87 per share, beating by a mile analysts' estimates of about...

Google Earnings Disappoint
 Google Earnings Disappoint 
Jan 19, 2012 5:58 PM CST

Google Earnings Disappoint

Shares plunge after rare miss on analysts' estimates

(Newser) - What was supposed to be a celebration of the most prosperous quarter in Google's 13-year history instead turned into a major letdown. The disappointment came with today's release of fourth-quarter earnings that showed the Internet search leader fetched less money per click on its ubiquitous online ads. That...

Got a Tech Hunch? Use 'Milkshake Test'

Thought exercise helps predict a new technology's popularity

(Newser) - Five years ago, everyone was ready for a Second Life revolution—but the virtual world has largely fizzled. Google and iPods, on the other hand, have lived up to the hype. How do we know when to believe in lofty tech expectations? At Slate , Dan and Chip Heath propose a...

HP Will Stick With Computers After All

But what about TouchPad and Web-OS? Stay tuned

(Newser) - The world's biggest PC maker has decided to keep making PCs. New Hewlett-Packard CEO Meg Whitman announced today that the company is backtracking from her ousted predecessor's strategy to spin off the $41 billion computer division and, in the words of Gizmodo , "turn HP into the next...

Hewlett-Packard Names Meg Whitman CEO

Leo Apotheker is out at struggling company

(Newser) - Score one for the rumor mill : Hewlett-Packard waited for the markets to close, then named Meg Whitman its new CEO, effective immediately, reports Bloomberg . The former eBay exec, recently off a failed bid to be California governor, will take over for Leo Apotheker, who resigned under pressure after 11 lackluster...

HP Kills TouchPad, May Spin Off PCs

Also ends smartphones; part of shift toward business customers

(Newser) - In a dramatic reshuffling, Hewlett-Packard said today it will discontinue its tablet computer and smartphone products and may sell or spin off its PC division, bowing out of the consumer businesses. The most apparent result for consumers will be the end of HP's TouchPad tablet and HP-branded smartphones. By...

Apple Earnings Nearly Double
 Apple Earnings Nearly Double 
Apr 20, 2011 4:42 PM CDT

Apple Earnings Nearly Double

Even if iPad sales didn't meet expectations

(Newser) - Apple today reported another exceptional quarter, nearly doubling its net income and far exceeding analyst estimates on the strength of the seemingly unstoppable iPhone. However, sales of Apple's big new product, the iPad tablet computer, came in below expectations. The second version of the tablet launched three weeks before...

Cisco Shuttering Flip Cameras
 Cisco Shuttering Flip Cameras 
Apr 12, 2011 7:29 PM CDT

Cisco Shuttering Flip Cameras

Video gizmos were all the rage only two years ago

(Newser) - Flip video cameras were so hot two years ago that Cisco Systems shelled out $590 million to buy the startup that built them. So much for that. Cisco announced today it was shutting down its Flip business, reports the Huffington Post . The easy-to-use gadget had its moment—the Wall Street ...

Facebook Fires Manager Over Insider Trading

Employee violated company policy on secondary stock markets: TechCrunch

(Newser) - Facebook gave one of its managers the boot after he violated company policy on insider trading, reports TechCrunch . Former corporate development manager Michael Brown bought company stock in the burgeoning secondary trading market, sources tell the site. Because Facebook is a private company, he apparently didn't violate any federal laws,...

Buffett: Beware 'Overpriced' Social Networking Sites

Oracle of Omaha will stick to his usual investments, thank you

(Newser) - Warren Buffett says he's just itching to make another big deal for his beloved Berkshire Hathaway, but you won't catch him frothing over the slew of initial public offerings expected in the tech world, reports Bloomberg . “Most of them will be overpriced,” said Buffett. "It’s extremely...

Tech Bubble: Silicon Valley Is Showing the Unmistakable Signs Again
 We're in Another Tech Bubble 
OPINION
Mar 19, 2011 4:42 PM CDT

We're in Another Tech Bubble

Analysts: Just look around Silicon Valley for proof

(Newser) - Don't look now, but another tech bubble is upon us. Signs "have been appearing over the last year—seed and late-stage valuations are rapidly inflating, hiring talent in Silicon Valley is the toughest since the last bubble and investors are starting to openly wonder how this one will end,...

Eric Schmidt Out as Google CEO—With $334M Payday

Co-founder Larry Page will take over in April

(Newser) - Google made a surprise shuffle at the top today when announcing its quarterly results: Eric Schmidt is stepping down as CEO and will be replaced by co-founder Larry Page, reports MarketWatch . Schmidt will remain with the company as executive chairman, while Page's co-founder, Sergey Brin, will take a bigger role...

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