Posts Tagged ‘tech Gadgets’
THE VERDICT: Aereo, a startup that takes live TV broadcasts and sends them to mobile devices, has won a partial victory in court over the media companies that are suing it.
WHAT’S LEFT: After a judge dismissed the claim of unfair competition, two claims of copyright infringement remain in a Fox-led suit as does a separate copyright lawsuit that includes ABC, CBS and NBC as plaintiffs.
THE ARGUMENTS: The broadcasters have argued that Aereo is copying and retransmitting their programming. Aereo contends that by assigning miniature antennas to each user, it is providing legal access to broadcasts.
Article source: http://news.yahoo.com/news-summary-online-tv-startup-partial-victory-221952903--finance.html
THE VERDICT: Aereo, a startup that takes live TV broadcasts and sends them to mobile devices, has won a partial victory in court over the media companies that are suing it.
WHAT’S LEFT: After a judge dismissed the claim of unfair competition, two claims of copyright infringement remain in a Fox-led suit as does a separate copyright lawsuit that includes ABC, CBS and NBC as plaintiffs.
THE ARGUMENTS: The broadcasters have argued that Aereo is copying and retransmitting their programming. Aereo contends that by assigning miniature antennas to each user, it is providing legal access to broadcasts.
Article source: http://news.yahoo.com/news-summary-online-tv-startup-partial-victory-221952903--finance.html
SAN JOSE, Calif. (AP) — Communications equipment maker Avago Technologies Ltd. said Monday that its fiscal second-quarter profit fell slightly as rising costs offset grains from higher revenue.
The results beat Wall Street expectations, and the company said profit margins could improve in the third quarter. Shares rose nearly 3 percent in aftermarket trading.
CEO Hock Tan said strength in wireless sales and a recovery in Asia helped the company boost revenue.
But during the third quarter, Tan said Avago expects wireless revenue to be dampened because of product transitions. Tan said that would be offset by a stronger industrial recovery worldwide, which could boost profit margins.
The company said it expects third-quarter revenue to rise between 3 percent and 6 percent from the current quarter, implying revenue between $594 million and $612 million.
Analysts were expecting revenue of $608.9 million according to a survey by FactSet.
The company said that during the quarter ended April 29, it earned $134 million, or 54 cents per share, compared to $135 million, or 54 cents per share, in the same period a year before.
The company also reported adjusted net income, excluding one-time items, of 66 cents per share, compared to an adjusted 64 cents per share in the prior year period.
Analysts had been expecting adjusted net income of 63 cents per share, according to a survey by FactSet.
Second quarter revenue rose to $577 million from $560 million in the prior year period. Analysts were expecting $577.2 in revenue.
Even as sales climbed 3 percent, operating expenses rose 3 percent to $141 million.
Shares rose 93 cents, or 3 percent, to $32.20 in aftermarket trading following the release of the earnings report. The stock gained 36 cents to close at $31.27 during the regular trading session.
Article source: http://news.yahoo.com/avago-technologies-2q-profit-falls-slightly-222625881--finance.html
SAN JOSE, Calif. (AP) — Communications equipment maker Avago Technologies Ltd. said Monday that its fiscal second-quarter profit fell slightly as rising costs offset grains from higher revenue.
The results beat Wall Street expectations, and the company said profit margins could improve in the third quarter. Shares rose nearly 3 percent in aftermarket trading.
CEO Hock Tan said strength in wireless sales and a recovery in Asia helped the company boost revenue.
But during the third quarter, Tan said Avago expects wireless revenue to be dampened because of product transitions. Tan said that would be offset by a stronger industrial recovery worldwide, which could boost profit margins.
The company said it expects third-quarter revenue to rise between 3 percent and 6 percent from the current quarter, implying revenue between $594 million and $612 million.
Analysts were expecting revenue of $608.9 million according to a survey by FactSet.
The company said that during the quarter ended April 29, it earned $134 million, or 54 cents per share, compared to $135 million, or 54 cents per share, in the same period a year before.
The company also reported adjusted net income, excluding one-time items, of 66 cents per share, compared to an adjusted 64 cents per share in the prior year period.
Analysts had been expecting adjusted net income of 63 cents per share, according to a survey by FactSet.
Second quarter revenue rose to $577 million from $560 million in the prior year period. Analysts were expecting $577.2 in revenue.
Even as sales climbed 3 percent, operating expenses rose 3 percent to $141 million.
Shares rose 93 cents, or 3 percent, to $32.20 in aftermarket trading following the release of the earnings report. The stock gained 36 cents to close at $31.27 during the regular trading session.
Article source: http://news.yahoo.com/avago-technologies-2q-profit-falls-slightly-222625881--finance.html
Opening a new, entrepreneurial era in spaceflight, a ship built by a billionaire businessman sped toward the International Space Station with a load of groceries and other supplies Tuesday after a spectacular middle-of-the-night blastoff.
Article source: http://news.yahoo.com/wikileaks-launches-encrypted-social-network-223018005.html
Opening a new, entrepreneurial era in spaceflight, a ship built by a billionaire businessman sped toward the International Space Station with a load of groceries and other supplies Tuesday after a spectacular middle-of-the-night blastoff.
Article source: http://news.yahoo.com/wikileaks-launches-encrypted-social-network-223018005.html
SAN FRANCISCO (Reuters) – Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink, hammering its shares.
Shares in the company, which like rival Hewlett-Packard Co is losing market share to mobile devices such as Apple Inc‘s iPad, dived more than 11 percent in after hours trade.
The world’s No. 3 PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, well short of the $15.4 billion Wall Street had been expecting.
“Clearly we are seeing a bit more challenging demand environment,” Dell Chief Financial Officer Brian Gladden said in an interview. “Europe, in general, was down for us.”
Demand from U.S. federal businesses appears to be improving slightly, he noted. “We are seeing a pretty good pipeline there.”
Dell’s quarterly revenue fell more than analysts had expected, hurt by weak sales to consumers, large enterprises and government units. PC makers have struggled with slowing demand as mobile devices such as the iPad erode market share.
Brian Marshall, an analyst with ISI Group, said the “real poor results” shows that it will take Dell more time to transform itself from a PC company to a one-stop shop for all the information technology needs of corporations.
“It clearly is disappointing,” Shaw Wu, an analyst with Sterne Agee, said. “The expectations heading into the quarter were not even that high.”
CONSUMER SALES SLOW DOWN
Dell’s sales to consumers took a big hit, with consumer revenue slipping 12 percent to $3 billion. Sales to large corporations declined 3 percent to $4.4 billion.
Dell said revenue in its fiscal first quarter declined 4 percent to $14.4 billion, below the average analyst estimate of $14.9 billion according to Thomson Reuters I/B/E/S.
Excluding one-time items, the company earned 43 cents, less than the average Wall Street estimate of 46 cents.
Net income fell to $635 million, or 36 cents a share, from $945 million, or 49 cents a share, a year earlier.
Gross margins for the quarter came in at 21.3 percent.
“April was not what we expected,” Gladden told analysts on a conference call, but he added that the “pipelines look pretty good.”
Dell’s shares traded at $13.20 after hours, down from a $15.08 close on Nasdaq.
Dell’s poor showing comes a day before larger rival HP reports its quarterly earnings. Shares in the No. 1 PC maker, which sources say plans to lay off more than 25,000 employees globally as it tries to revive its business, edged down 2.5 percent to $21.24 from a close of $21.78 on the New York Stock Exchange.
HP is merging its PC and printing divisions to shore up margins in the personal computing business.
(Reporting By Poornima Gupta; Editing by Richard Chang)
Article source: http://news.yahoo.com/dell-revenue-lower-street-view-201225521--finance.html
SAN FRANCISCO (Reuters) – Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal computer sales continue to shrink, hammering its shares.
Shares in the company, which like rival Hewlett-Packard Co is losing market share to mobile devices such as Apple Inc‘s iPad, dived more than 11 percent in after hours trade.
The world’s No. 3 PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, well short of the $15.4 billion Wall Street had been expecting.
“Clearly we are seeing a bit more challenging demand environment,” Dell Chief Financial Officer Brian Gladden said in an interview. “Europe, in general, was down for us.”
Demand from U.S. federal businesses appears to be improving slightly, he noted. “We are seeing a pretty good pipeline there.”
Dell’s quarterly revenue fell more than analysts had expected, hurt by weak sales to consumers, large enterprises and government units. PC makers have struggled with slowing demand as mobile devices such as the iPad erode market share.
Brian Marshall, an analyst with ISI Group, said the “real poor results” shows that it will take Dell more time to transform itself from a PC company to a one-stop shop for all the information technology needs of corporations.
“It clearly is disappointing,” Shaw Wu, an analyst with Sterne Agee, said. “The expectations heading into the quarter were not even that high.”
CONSUMER SALES SLOW DOWN
Dell’s sales to consumers took a big hit, with consumer revenue slipping 12 percent to $3 billion. Sales to large corporations declined 3 percent to $4.4 billion.
Dell said revenue in its fiscal first quarter declined 4 percent to $14.4 billion, below the average analyst estimate of $14.9 billion according to Thomson Reuters I/B/E/S.
Excluding one-time items, the company earned 43 cents, less than the average Wall Street estimate of 46 cents.
Net income fell to $635 million, or 36 cents a share, from $945 million, or 49 cents a share, a year earlier.
Gross margins for the quarter came in at 21.3 percent.
“April was not what we expected,” Gladden told analysts on a conference call, but he added that the “pipelines look pretty good.”
Dell’s shares traded at $13.20 after hours, down from a $15.08 close on Nasdaq.
Dell’s poor showing comes a day before larger rival HP reports its quarterly earnings. Shares in the No. 1 PC maker, which sources say plans to lay off more than 25,000 employees globally as it tries to revive its business, edged down 2.5 percent to $21.24 from a close of $21.78 on the New York Stock Exchange.
HP is merging its PC and printing divisions to shore up margins in the personal computing business.
(Reporting By Poornima Gupta; Editing by Richard Chang)
Article source: http://news.yahoo.com/dell-revenue-lower-street-view-201225521--finance.html
DONE DEAL: Google has completed its $12.5 billion acquisition of device maker Motorola Mobility nine months after the deal was announced. The companies had to wait until regulators were satisfied Google Inc. wouldn’t be able use Motorola Mobility Holdings Inc. to stifle competition in the smartphone market.
NEW ERA: With the purchase, Google expands beyond its roots in programming software to provide Internet search and other online services to manufacturing equipment for the first time.
THE RISKS: The expansion will test Google’s ability to keep its business partners, shareholders and employees happy.
Article source: http://news.yahoo.com/summary-box-google-takes-control-motorola-224528378--finance.html
DONE DEAL: Google has completed its $12.5 billion acquisition of device maker Motorola Mobility nine months after the deal was announced. The companies had to wait until regulators were satisfied Google Inc. wouldn’t be able use Motorola Mobility Holdings Inc. to stifle competition in the smartphone market.
NEW ERA: With the purchase, Google expands beyond its roots in programming software to provide Internet search and other online services to manufacturing equipment for the first time.
THE RISKS: The expansion will test Google’s ability to keep its business partners, shareholders and employees happy.
Article source: http://news.yahoo.com/summary-box-google-takes-control-motorola-224528378--finance.html