Apple Inc. (AAPL) shares dropped first time by 20 percent since touching high to $705.07 on Sept 21. The company is facing tough resistance in tech market from rivals Samsung and Microsoft. The situation has been further damped by the news of Foxconn, Taiwan-based company inability to meet customers demand for Iphone 5. Foxcon, is […]
Siemens AG (SIE), shares jumped 3.3 percent to 81.4 euros at the open of trading in Frankfurt. Siemens AG (SIE) is Europe’s biggest company that specializes in engineering products, have plans to save $7.7 billion (6 billion Euros) in two years. Siemens aims to raise sales to 12 percent by 2014 from 9.5 percent in […]
Wal-Mart Stores, Inc. (NYSE) has started promoting its Black Friday deals from Thursday. Wal-mart called it a Thanks giving Day, beginning at 8 p.m. This time Wal-Mart is also offering separate online Thanksgiving Day and Black Friday deals on electronics gadgets and toys.Walmart will offer best deals on electronics gadgets, tablets, home appliances, gaming consoles, […]
AT&T Inc (NYSE:T) has plans to spend $14 billion on its wireless and wired network Project Velocity IP plan over the next three years. The decision will increase the company’s debt load as more and more smart phones and tablets are switching to 4G networks for higher data rates. The plan includes expanding of its […]
Pandora media Inc (NYSE) shares fell down to $7.95 from $8.27 with a loss of 1.55 percent on early morning today. Pandora lost $25.6 million in the first 6 months this year as compared to $8.57 million during the same time period last year. Pandora media Inc (NYSE) the world’s largest online radio service provider […]
Amazon.com, Inc.(NASDAQ:AMZN) has launched its video streaming services thus warming up against its competitor in the field Netflix, Inc.(NASDAQ:NFLX) .The company has started offering video streaming services to users on subscription under monthly fee plan under Amazon Prime. Video streaming services serves as a basic entertainment for every age group and with more supportability on […]
Apple’s latest release iPad Mini is selling like hot cakes .It has been reported that Apple has roughly sold 3 million iPads in first three days of its launch . For the company’s fiscal year 2013, Topeka Capital Markets’s Brain White expects sales of 30 million iPad minis growing to 48 million iPad minis in […]
Vringo Inc which is also owner of Lycos Inc shares fell to $3.57 nearly by 10% in trading of 36.9 million share. Vringo was awarded $30 million over claims that Google and some of its customers, including IAC Search & Media and AOL had infringed its patents. The patent was filed on infringement charges over […]
Another bad news has further diluted Apple Inc. (NASDAQ:AAPL) technological warfare with major rivals. A court ordered the company to pay $368 million for violating a Virtual Private Network (VPN) patent belonging to VirnetX Holding Corporation (NYSEAMEX:VHC). Previously, VirnetX has history of filing lawsuits for patent infringements. In 2010, they made allegations against Cisco, Astra […]
Steve Ballmer Microsoft’s Corporation (NASDAQ:MSFT), Chief Executive said on Monday that the demand for the company’s latest release Windows 8 operating system has been very high as compared to Windows 7 (Launched almost three years ago). The earlier version,Windows 7,could not bring any good response for Microsoft and only it sold over 670 million licenses […]