Cisco Systems stunned Wall Street on Wednesday with a gloomy financial forecast it blamed on falling demand in developing countries and transitions in some of its product lines.
News, Software
Snapchat set to outstrip Twitter, Yahoo & AOL in ad cash
Snapchat could surpass Twitter, Yahoo and AOL in advertising revenue within three years, with the messaging app company forecast to bring … 0 2086
Microsoft's Surface to be under revenue microscope
Microsoft will make it easier for Wall Street and industry analysts to track revenue generated by the company’s struggling Surface line of tablets, the company promised Thursday.
The cut-throat world of consumer tech
Over the past year, Microsoft has shown poor planning and a lack of respect for the tumultuous consumer market, which can sink or float a company within months.
Icahn in control after Dell ups offer to take company private
Michael Dell and Silver Lake’s decision to raise the offer to take Dell private is a concession that rival Carl Icahn and affiliate parties may have an upper hand in the wrangling to take over the company, observers of the deal said.
Microsoft predicts another cruel quarter for PCs
Microsoft last week prepped Wall Street for a 2 percent slip in Windows revenue for the third quarter, but warned that PC shipments will continue their double-digit tumble.
Juniper CEO announces retirement following blow-out Q2 results
Juniper Networks CEO Kevin Johnson said Tuesday he is retiring once a successor is found.
Wall Street batters defences in make-believe cyber-crisis
Wall Street played its own version of war games on Thursday, testing its defences against simulated cyber-attacks bent on taking down US stock exchanges.
Microsoft writes off nearly $1bn to account for Surface RT bomb
Microsoft on Thursday took an unexpected $900 million charge to account for what it called “inventory adjustments” for the Surface RT, the poor-selling tablet that debuted last year.
Dell buyout wins support from shareholder advisory group ISS
Prominent shareholder advisory group Institutional Shareholder Services has given a stamp of approval to Dell founder Michael Dell’s bid to take the company private.
BlackBerry can rise from the ashes as a leader in MDM
BlackBerry the company will survive, but it’s time to throw in the towel on BlackBerry the mobile platform vendor.