Professional Technology News
Viacom Inc posted a higher-than-expected quarterly profit on Thursday on cost cuts and improved advertising sales, but a decline in DVD sales caused revenue to miss Wall Street estimates. The results, released Thursday, marked a full year of rising profits for Viacom. Coming out of a recession that put a huge dent in the budgets [...]
Toyota Motor Corp. Senior Managing Director Takahiko Ijichi. center, is surround by reporters during a news conference at Toyota’s Tokyo head office Wednesday, Aug. 4. The world’s biggest automaker reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as global car sales recovered and raised its full year earnings forecast. [...]
Eastman Kodak Co posted a much bigger-than-expected quarterly loss as digital camera sales slumped and its film processing business suffered from the loss of a key customer, sending sending shares lower. Kodak’s second-quarter loss from continuing operations narrowed to $167 million, or 62 cents a share, from $191 million, or 71 cents a share, in [...]
Xerox Corp.’s profit jumped 62%, topping expectations, as small- and mid-sized businesses continued to show renewed interest in spending. The printer-and-copier maker, which earlier this year branched out into technology services, also raised its 2010 per-share earnings forecast to between 88 cents and 92 cents from 85 cents and predicted a third-quarter, per-share profit of [...]
Cellphone chip supplier Qualcomm Inc’s fiscal third-quarter earnings and revenue beat Wall Street estimates on strong smartphone demand, sending its shares up 3.4 percent after hours. Qualcomm disappointed investors the previous two quarters as prices for phones fell sharply and cut into royalty payments. Qualcomm sells chips to phone makers and collects licensing fees from [...]
Intel just reported its best-ever quarter with a $2.9b profit on $10.8b in revenue. That’s an increase of $445m in profit from last quarter and a whopping $3.3b from last year, all driven by record laptop and server chip revenue, as well as a 16 percent increase in Atom revenue.
Verizon has more customers than AT&T. That is a fact. Now the market cap fluctuate often so it is hard to say for sure who is worth more in terms of money. If AT&T trying to buy Verizon, that would cost AT&T over 90% of their annual revenue. It would be like Target trying to [...]
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