You Are Browsing ‘Funding & Exits’ Category

HP today announced financial results for its third fiscal quarter ended July 31, 2013. The company reported the revenue of $27.2 billion, down 8% year over year while GAAP diluted loss per share was of $4.49 and non-GAAP diluted earnings per share was of $0.86. “We once again achieved the financial performance we said we would, delivering $0.86 in non-GAAP diluted earnings per share, within our previously provided outlook of $0.84 to $0.87,” said Meg Whitman, HP president and chief executive officer. “I remain confident...

Spotted by 9to5Mac – via the Wall Street Journal – Apple is preparing to step up its game in China with nearly 300 jobs openings listed on LinkedIn.  The publication spotted that the iPhone maker going to hire about huge staff in the country as per its different job advertisements posted in the last 30 days span a wide array of roles. The openings which includes global supply managers, field marketing managers, store leaders, editorial and programming in the App Store. The move means that the company working towards holding its position...

Dell today announced the results of its second quarter 2014 with the revenue of $14.5 billion, GAAP earnings of $0.12 per share and non-GAAP earnings of $0.25 per share while Wall Street was looking for earnings of 24 cents per share with revenue of $14.18 billion. The company further reported that it’s Enterprise Solutions, Services and Software (ES&S) revenue was $5.8 billion, growing 9 percent year over year. “In a challenging environment, we remain committed to our strategy and our customers, and we’re encouraged by increasing...

Lenovo today reported results for its first fiscal quarter ended June 30, 2013 with quarterly revenue of US$8.8 billion, a ten percent increase year-over-year while earnings grew 23 percent year-over-year to US$174 million and the basic EPS of 1.67 US cents, or 12.96 HK cents. Interestingly, the company – the top PC makers – has sold more phones and tablets as compared to computers. The company has shipped 12.6 million units of its desktop PCs while its consolidated sales saw a drop back of 2.8 percent on year-on-year basis in the...

America’s billionaire investor Carl Icahn revealed via his Twitter account that he had invested heavily in Apple with special mentioning that the company has been “extremely undervalued.” The news results in Apple stock jumped 4.75 percent, adding an estimated $17.1 billion to the company’s market value. We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come. — Carl Icahn (@Carl_C_Icahn) August 13, 2013 Icahn told the Wall Street Journal that “we...

According to a Sina News report cited data from research firm IDC, China’s Telecommunications IT solutions market is expected to invest $2.7 billion in Information Technology. The country’s telco expected to jump high from 13.9 billion yuan ($2.2 billion) last year to 22.8 billion yuan ($3.7 billion). The IDC report titled “China telecom industry IT solution 2013-2017 forecast and analysis” discussed the investment growth over steady input from the country’s three dominant telco operators in 2011 along with 4G licenses issuance. Jiang...

Amazon’s Jeff Bezos is reportedly acquiring The Washington Post for $250 million, reports The Washington Post. The media company has agreed to sell its flagship publication to Amazon.com founder and chief executive Jeff Bezos. Bezos will pay $250 million in cash for the Post and affiliated publications to the Washington Post Co. Bezos said to the Post employees that “the values of The Post do not need changing” but certain things will in fact change. Here’s a letter from Bezos’ letter to the Post’s staff: You’ll have heard...

Sony today reported its first quarter earnings with having a $35 million net profit on board with mobile revenue jumps 36 percent. Thanks to strong sales of its flagship Xperia smartphones in Japan and rising image sensors to phone makers shipment, the company result in reporting a higher than expected first-quarter operating profit. The company has kept its full-year operating profit outlook unchanged on compared with its last forecast of month of May of 230 billion yen, compared with a 225.8 billion yen full-year operating profit. Sony...

Yahoo today acquired an ecommerce app platform startup Lexity while it will be one such acquisition as all Lexity products, services and initiatives will transition seamlessly and can get even better, faster and stronger. There are no details on terms disclosed. Lexity was founded four years ago by former Yahoo employee Amit Kumar. The company known self well in offering multiple ecommerce services for small- and medium- sized businesses. It runs its own app store for online retailers which serve in total of 114 countries. Here is what...

Finally the curtains was raised yesterday that how much Microsoft’s Surface really made up at the end and interestingly, the numbers which comes up one can’t even expected – it’s only $853 million, the company announced via its annual Form 10-K filing with the Securities and Exchange Commission (SEC) which is less than even the recent $900 million write-down for Surface RT which the company revealed in its latest quarterly earnings. The number covers revenue from the time when the Surface RT debuted back in October till the end...