Intel Corporation today reported third-quarter GAAP revenue of $15.8 billion, operating income of $4.5 billion, net income of $3.4 billion and EPS of 69 cents. Intel reported non-GAAP operating income of $5.1 billion, net income of $3.9 billion and EPS of 80 cents. The company generated approximately $5.8 billion in cash from operations, paid dividends of $1.2 billion, and used $457 million to repurchase 13 million shares of stock.
Yahoo! Inc. is in process of being bought by Verizon, however, it has been very stressful and shakey for Yahoo in recent time. With discovery of huge hack in which data of 500 milion users has been stolen, plus on top of it, Yahoo spied its users with surveilance tools which were supposed to protect them, the deal with Verzion is under big question, and Yahoo's results could decide whether the deal will go on or fall off.
EBay is testing a personalized shopping assistant called ShopBot on Facebook’s Messenger application, hoping win more of the social network operators’ 1 billion users as customers by making it easier to find items to buy, according to Bloomberg.
Walt Disney decided not to pursue a bid for Twitter partly out of concern that bullying and other uncivil forms of communication on the social media site might soil the company’s wholesome family image, according to people familiar with management’s thinking, according to Bloomberg.
Netflix surged more than 20 percent after reporting its streaming service signed up 3.57 million subscribers in the third quarter, vanquishing, for now, investor concerns about slowing growth at the world’s largest online TV network, according to Bloomberg.
AMC Networks International - Central Europe, broadcaster of AMC in Central Europe, and Telekom Austria Group, a leading communications provider in the region, have announced an affiliate deal that secures carriage for AMC across all Telekom Austria Group pay TV subscribers in Croatia and Bulgaria.
IBM announced third-quarter 2016 earnings results, which highlighted diluted EPS - GAAP of $2.98 and operating (non-GAAP) of $3.29, revenue from continuing operations of $19.2 billion, strategic imperatives revenue of $31.8 billion over the last 12 months which represents 40 percent of IBM revenue and cloud revenue of $12.7 billion over the last 12 months.
Apple plans to adopt organic LED display technology for the next major upgrade to its flagship product, according to Bloomberg. To do so, they will have to get its hands on millions of OLED screens. As a result, Japanese suppliers are under pressure to build up manufacturing operations.
On StarAudit world map between Taiwan, Hong Kong, China and European countries of Germany, Austria, Switzerland and others, this year appeared a new star - Croatia. EuroCloud Croatia organisation in the first year of operations has carried out and successfully completed a number of activities.
Western Digital Corporation announced that it has shipped more than 10 million helium-filled hard disk drives (HDDs) since the company first introduced the HelioSeal platform four years ago. First shipped in 2013, Western Digital’s HelioSeal platform has consistently pushed the envelope in terms of capacity and total cost of ownership (TCO) benefits, becoming the highest density HDDs, best suited for massive scale-out workloads.
It's no secret that the San Francisco Bay area has gotten too expensive for tech workers, but costs have also been skyrocketing for their companies, making other U.S. locales more appealing for industry offices and headquarters, according to Bloomberg.
Advanced Micro Devices Inc., struggling to re-establish its data center chip business, said Alibaba Group Holding Ltd. plans to provide cloud-computing services based on its graphics semiconductors, according to Bloomberg.
When the PlayStation VR goes on sale, it won’t just be a test for Sony, according to Bloomberg. As the first high-end virtual-reality headset aimed at the mass market, the gadget will also offer the first hint as to whether the technology can become a mainstream product.
The jubilee 10th COMBIS Conference has started, a two-day gathering of Croatian and regional IT community. Through this year's main topic 10ading Evolution. 10ading Change. Future 10aded., the aim is to bring participants closer to the digital transformation of companies, to show important and recent ICT projects of the country and the region and to create an insight into numerous possibilities of technology in the future.
In Indonesia’s hunt for tax revenue, social media is the new battleground, according to Bloomberg. The Southeast Asian nation plans to crack down on Instagram stars and merchants peddling goods and services on Facebook, KASKUS forum and other social media, a strategy that could yield as much as $1.2 billion of revenue, said Yon Arsal, director of tax revenue and compliance.
Samsung cut its third-quarter operating profit outlook by $2.3 billion after ending production of its fire-prone Galaxy Note 7 smartphones. According to Bloomberg it is the first sign of how much the crisis will cost South Korea’s largest company.
According to Bloomberg U.S. Supreme Court justices questioned whether Apple should be allowed to keep all of a $399 million patent award it won in a suit that accused Samsung copying the design of the iPhone.
At work, at home or on the move, Europeans expect an internet connection that is fast and reliable. Encouraging investments in very high-capacity networks is increasingly important for education, healthcare, manufacturing or transport.
Samsung Electronics halted sales of its Galaxy Note 7 smartphones and asked consumers to stop using the ones they’ve already purchased, another blow to South Korea’s largest company as it struggles with a crisis over exploding batteries and as expected Samsung shares plunged, according to Bloomberg.
With a valuation as of now $17.8 billion, Snapchat is one of the most valuable startups in the world. However, the company’s days as a unicorn could soon be numbered, according to the analysts. The initial public offering, that is scheduled in Q1 2017 would reportedly value Snapchat at $25 billion, which would make it the largest stock market debut of any tech company since Alibaba went public in September 2014.
Jack Ma, China’s richest man, and the highest-grossing Hollywood auteur of all time Steven Spielberg have struck a deal to work together to produce and finance films for the world’s second-largest movie market, according to Bloomberg.
The European Union may include purchase prices in the criteria used to trigger its antitrust probes, in a bid to catch more data-heavy transactions in serious merger reviews in another warning shot to Silicon Valley, according to Bloomberg.