Professional Technology News
BBC has plans to launch their global version of the iPlayer as a subscription-based app for the iPad. According to a report by the Financial Times, quoting Luke Bradley-Jones, managing director of BBC.com, as saying that the network plans to expand its UK-only iPlayer platform “to initially launch just on the iPad platform, as it [...]
Nokia yesterday announced that its Ovi Store has reached 3 million downloads per day, a milestone spurred by overall global demand and a recent update that gives users of Nokia’s new Symbian smartphone family a friendlier look and feel as well as more popular apps and games. The company is also gaining significant software developer [...]
Sony shares have moved up recently on rumors that the company might be bought by Apple. Apple could easily afford the deal. It has over $50 billion of cash on its balance sheet, and a market cap of $282 billion. Sony’s market value is less than $34 billion. Apple could easily afford the deal as [...]
The endless search for a parking spot in the city may be a thing of the past—in San Francisco, at least. After years of preparation, the city is now rolling out SFpark, a high-tech new system that will set the price of parking spots according to supply and demand. The San Francisco Metro Transit Authority [...]
The U.S. Postal Service reported a $3.5 billion loss in its most recent quarter Thursday, as mail volume plummets and retiree health care costs mount. The USPS, a self-supporting government agency that receives no tax dollars, said operating revenue declined 1.8% to $16 billion during the fiscal 2010 third quarter compared to a year earlier, [...]
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 [...]
Cognizant Technology Solutions Corp (CTSH) reported a profit that topped market estimates for the sixth straight quarter, helped by a surge in discretionary projects, and raised its outlook for the year. Shares of the IT services provider were up 5 percent in trading before the bell. Shares of Cognizant Technology Solutions traded at a new [...]
Sprint Nextel Corp. today reported that during the second quarter of 2010, the company achieved its first total net wireless subscriber growth in three years and its best postpaid churn result ever. Sprint announced second quarter consolidated net operating revenues of approximately $8.0 billion, a net loss of $760 million and a diluted loss per [...]
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 [...]
The New York Times Company announced today 2010 second-quarter results. Total revenues increased 1.2 percent to $589.6 million in the second quarter of 2010 compared with the second quarter of 2009, an improvement from the first quarter 2010 decline of 3.2 percent compared with the first quarter of 2009. Net income was $32 million, or [...]
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 [...]
Google continues to dominate in its core business, search advertising, which accounts for more than 90 percent of its revenue. But as Google grows and search becomes increasingly competitive, analysts and investors are beginning to wonder what is next for the company. Google Inc.’s second-quarter earnings missed analysts’ target as higher expenses and the fallout [...]
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