Business

Intel reports record quarterly revenue of $15.8 billion with operating profit of $4.5 billion

Intel reports record quarterly revenue of $15.8 billion with operating profit of $4.5 billion

19 Oct 2016 comment

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 reports 15 percent revenue decline in third quarter 2016

Yahoo reports 15 percent revenue decline in third quarter 2016

19 Oct 2016 comment

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 Tests ShopBot on Facebook Messenger

EBay Tests ShopBot on Facebook Messenger

19 Oct 2016 comment

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.

Disney Dropped Twitter Pursuit Partly Over Image

Disney Dropped Twitter Pursuit Partly Over Image

19 Oct 2016 comment

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 Users Number Rises, Stocks Up by 20%

Netflix Users Number Rises, Stocks Up by 20%

18 Oct 2016 comment

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 Strengthens Distribution in Croatia and Bulgaria

AMC Strengthens Distribution in Croatia and Bulgaria

18 Oct 2016 comment

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 reports 2016 third-quarter earnings

IBM reports 2016 third-quarter earnings

18 Oct 2016 comment

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.

New Cycle of ZIP's Workshops

New Cycle of ZIP's Workshops "Coding for Women"

18 Oct 2016 comment

Following the successful workshops in April and May of this year, Zagreb Entrepreneurship Incubator again organizes free workshops of programming designed exclusively for women.

Apple Plans to Adopt OLED Display Technology for Next iPhone

Apple Plans to Adopt OLED Display Technology for Next iPhone

18 Oct 2016 comment

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.

25 Accredited StarAudit Professionals in Croatia

25 Accredited StarAudit Professionals in Croatia

17 Oct 2016 comment

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 Ships More Than 10 Million Helium-Filled HDDs

Western Digital Ships More Than 10 Million Helium-Filled HDDs

17 Oct 2016 comment

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.

Salesforce Won’t Bid for Twitter

Salesforce Won’t Bid for Twitter

17 Oct 2016 comment

Salesforce will not bid for Twitter because the business software company and the social media business would be a poor fit, according to Bloomberg.

The Cheapest Cities in U.S. for Tech Startup

The Cheapest Cities in U.S. for Tech Startup

16 Oct 2016 comment

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.

Snapchat Picks Morgan Stanley and Goldman Sachs to Lead IPO

Snapchat Picks Morgan Stanley and Goldman Sachs to Lead IPO

15 Oct 2016 comment

According to Bloomberg Snapchat has chosen bankers for its initial public offering, which could happen as soon as March, claim people familiar with the matter.

AMD Reaches Deal With Alibaba to Use Chips in Cloud Service

AMD Reaches Deal With Alibaba to Use Chips in Cloud Service

15 Oct 2016 comment

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.

Sony Brings Virtual Reality to Masses in Test for Industry

Sony Brings Virtual Reality to Masses in Test for Industry

15 Oct 2016 comment

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 Opened on Thursday

The Jubilee 10th COMBIS Conference Opened on Thursday

14 Oct 2016 comment

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.

Indonesia’s Taxmen Are Coming for Instagram Stars

Indonesia’s Taxmen Are Coming for Instagram Stars

13 Oct 2016 comment

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 Cuts Profit Outlook by $2.3 Billion

Samsung Cuts Profit Outlook by $2.3 Billion

12 Oct 2016 comment

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.

Apple Questioned by Supreme Court on Size of Samsung Award

Apple Questioned by Supreme Court on Size of Samsung Award

12 Oct 2016 comment

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.

Facebook Rolls Out Workplace Service

Facebook Rolls Out Workplace Service

11 Oct 2016 comment

Facebook wants you to use Facebook at work and make your company pay for access, according to Bloomberg.

New and Fast Internet for the Europeans Adding €910 Billion to GDP

New and Fast Internet for the Europeans Adding €910 Billion to GDP

11 Oct 2016 comment

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.

BT’s New, Faster Internet Is Already Too Slow for Its Rivals

BT’s New, Faster Internet Is Already Too Slow for Its Rivals

11 Oct 2016 comment

East of Ipswich, on a former Royal Air Force base, British telecommunications provider BT Group is testing what it calls the near future of broadband, according to Bloomberg.

Samsung´s disaster, company calls customers to Switch off the Note 7

Samsung´s disaster, company calls customers to Switch off the Note 7

11 Oct 2016 comment

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.

Samsung Said to Halt Note 7 Output

Samsung Said to Halt Note 7 Output

10 Oct 2016 comment

Samsung halted production of its Note 7 smartphones after customers reported problems with new devices, the latest blow in a six-week crisis over exploding phone batteries, according to Bloomberg.

AT&T Halts Sales of Samsung Note 7

AT&T Halts Sales of Samsung Note 7

10 Oct 2016 comment

AT&T stopped all sales of Samsung’s flagship Galaxy Note 7 over concerns about the smartphone’s safety, according to Bloomberg.

Snapchat's IPO in Q1 2017

Snapchat's IPO in Q1 2017

9 Oct 2016 comment

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.

Ma and Spielberg will Bring Hollywood to China

Ma and Spielberg will Bring Hollywood to China

9 Oct 2016 comment

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.

Silicon Valley Deals May Land in EU Firing Line

Silicon Valley Deals May Land in EU Firing Line

9 Oct 2016 comment

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.

Apple Wins Appeal Reinstating $119.6 Million Samsung Verdict

Apple Wins Appeal Reinstating $119.6 Million Samsung Verdict

9 Oct 2016 comment

Apple won an appeals court ruling that reinstates a patent-infringement verdict it won against Samsung, including for its slide-to-unlock feature for smartphones and tablets, according to Bloomberg.