Category archives for: Sci-Tech

DirecTV hits all-time high after upgraded ratings

Satellite television broadcaster DirecTV was up 2 percent in stock market, hitting an all-time high. Hudson Square Research upgraded the stock rating from hold to buy after seeing a profitable business at the company. The stock was trading in the vicinity of $53 a share but the report from Hudson Square incited investors to tot […]

Western European mobile service providers cut spending for fiscal Q2

Western Europe’s wireless and mobile services providers have cut their quarterly spending for second fiscal quarter by 19 percent. The cut back in overall spending comes after the lacklustre performance in mobile telecommunications business in the continent. The aggravated Euro zone economy and debt crisis has affected the telecom business deeper than anyone expected. Mobile […]

IHS iSuppli pries apart iPhone 5 to list the original cost and suppliers

IHS iSuppli performed surgery on the iPhone 5 to take a look at the components, their estimated prices and the name of suppliers. According to the firm, the new iPhone costs Apple $207 for the whole handset. iSuppli was quick at announcing the details of the cost per component and the vendors who provided the […]

Apple should have kept our maps, says Eric Schmidt

Google has not made ??any move to make Google Maps to iPhone 5, after the failures of the new system maps, as Eric Schmidt explained at a meeting with journalists in Tokyo. “We think it would have been better if they had kept ours. But what do I know? What were we going to do, force them not […]

Red Hat releases quarterly report, shares down 2.6 percent in the afterhours

Red Hat, Inc. shares were down 2.6 percent in the afterhours trading Monday after the company released the report on second quarter ended August 31. Red Hat missed on the analyst estimates by a penny on earning per share. The report was bittersweet for investors as the EPS lagged behind both last year’s earning and […]

China Mobile Games goes public in the US, initial value set at $3.90 a share

China Mobile Games and Entertainment Group went public in the US at NASDAQ this Tuesday. The company enlisted at the stock exchange in an unorthodox way. Most company go public with the traditional initial public offering approach, collaborating joining hands with several investment banks as undertakers. However, China Mobile Games took on the CMGE ticker […]

Google shares rise Monday continuing 10-week streak

Google shares were up nearly 2 percent on Monday to $749.38, exceeding the record hike since November 2011. The stock has seen an upward trend for past ten weeks and is still counting. The main reason for the hot streak that Google is running is its intelligent investment in different ventures and a profitable business […]

Workday attracts the Street, profit-increase more than 100 percent in calendar first half

Oracle and SAP now have another competitor in the game, nobody until now called Workday. The company was founded by David Duffield seven years ago and now its grabbing Wall Street’s attention to the fullest. David Duffield can be remembered by his past endeavour PeopleSoft that was acquired by Oracle in 2005. The money maker […]

Tesla lowers 2012 sales amid supply chain issues

Electric car maker Tesla lowered its sales expectations for 2012 after the supply chain issues remained mainly unsolved. Tesla makes plug-in electric vehicles mostly sports cars and now a luxury sedan called Model S. However, due to a demand of more sophisticated and mostly customized components, the supply chain has been disrupted, which eventually has […]

5 Million unit sales for Apple is promising, previous estimates were unrealistic, say experts

Apple’s new smartphone, the iPhone 5, has received mixed reviews from experts at Wall Street. Though the handset is quite an elegant piece of electronics, its new Maps app has been lacklustre and the debut sales did not go as planned. Prior to the release at retail stores, analysts expected iPhone to sell in tune […]

Yahoo hires Ken Goldman of Fortinet as its new CFO

Yahoo, Inc. CEO Marissa Mayer announced in a statement that the company has hired Fortinet CFO Ken Goldman as its new Chief Financial Officer starting October 22. Fortinet deals in security software solutions. Goldman will take over the office in almost a month’s time and Mayer will have ample time to cut out work for […]

Iran restricts users to access Google and Gmail

Google and Gmail nationwide will be filtered and will remain so until further notice, confirmed an adviser to the Iranian Prosecutor, Abdul Samad Joramabadi. The measure has been taken and communicated to the Iranians through a text message sent to their mobile phones directly. This new constraint is added to those already in place through a […]

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