Nokia, a former leader in mobile phones announced earnings yesterday that weren’t as bad as many had thought. Although our team wasn’t impressed. The company swung to an operating profit of €182M from a loss of €227M in Q2. However net cash from operating activities was still negative -€429M vs. €852M a year ago. Gross cash of […]
Nokia: Down but not out (yet) Read More »
Intel reported Q4 revenues of $13.5 billion, a drop of 14% from previous year. Furthermore the company forecasts flat revenue growth for next quarter as global PC demand remains sluggish. Big blue IBM also reported their recent quarterly numbers which came in at $24.7 billion, below analysts forecasts of $25.3 billion. Both Intel and IBM
Intel and IBM provide sombre outlook Read More »
Apple has hired renowned chip engineer Jim Mergard away from Samsung. Mergard, who was once AMD’s chief engineer, arrives shortly following a report Apple has considered migrating its Macs away from Intel. Let’s see if after disappointing iPhone 5 sales and missing “wow” effect Apple can deliver a true breakthrough product. The market is awaiting the mini iPad
Apple Takes a Bite Out of Samsung Read More »
Social media giant Facebook, based in Menlo Park, California, announced on Oct. 4 it now counted one billion users worldwide, up from 845 million at the year’s start. More than half of them, or 600 million, access Facebook through a mobile device, a number that grew 41 percent this year. However a detailed report by Bloomberg
Did Facebook mislead investors? Read More »
Apple Computers ($AAPL) long awaited iPhone5 debut’s today as diehard Apple fans had lined up for days to be the first to get their hands on the world’s thinnest and apparently fastest smartphone. It will also be the first time investors and techies get an opportunity to feel, test and use the phone. Apple shares
