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Facebook today reported its financial results for the second quarter ended June 30, 2013. The company reported an increase in revenue of 53% totalled at $1.81 billion, compared with $1.18 billion in the same quarter a year ago. Advertising revenue for the quarter was $1.60 billion, representing 88% of total revenue and an increase of 61% from the same quarter a year ago. Payments and other fees revenue was $214 million for the quarter. “We’ve made good progress growing our community, deepening engagement and delivering strong...

LG today announced its second quarter earnings of KRW15.23 trillion (about $13.6 billion) in revenue, an up 10.1 percent on year-over-year basis. The company during the quarter has shipped a record-breaking 12.1 million smartphones and has recorded revenue of KRW3.12 trillion ($2.78 billion), up 34.5 percent from the same period a year ago. The company operating profit for the quarter was of KRW479 billion ($426.9 million) and net profit of KRW156 billion ($139.04 million). The company’s mobile business operating profit saw a rise to...

Apple today announced its third quarter earnings ended June 29, 2013 with posting revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. The company sold 31.2 million iPhones, 14.6 million iPads, 3.8 million Macs. The company’s Board of Directors has declared a cash dividend of $23.05 per share of the company’s common stock which will be payable on August 15, 2013 to shareholders of record as of the close of business on August 12, 2013. “We are especially proud of our record June quarter...

The networking giant Cisco today announced that it has reached a definitive agreement to acquire security software company Sourcefire for $2.7 billion. The addition of Sourcefire – which itself known well for intelligent cybersecurity solutions – will adds a deeper security DNA to Cisco and will leads on delivering Cisco’s security strategy of defending, discovering, and remediating advanced threats. As per the agreement terms, Cisco will pay Sourcefire $76 per share in cash, paying approximately $2.7 billion. Since the acquisition...

  Adobe today announced that it has completed its $600 million acquisition of conversational marketing firm Neolane. The company is known for sophisticated automation and execution of campaigns across the Web, email, social, mobile, call center, direct mail and point of sale (POS). Acquisition of Neolane means it will be the sixth solution in the Adobe Marketing Cloud. “With the completion of the Neolane acquisition, Adobe’s lead in digital marketing is extended further, bringing critical cross-channel campaign management capabilities...

Yahoo today announced that it has entered into an agreement to repurchase 40 million shares of Yahoo common stock beneficially owned by Third Point LLC for $1.16 billion at a purchase price of $29.11 per share. The deal means Third Point will owe approximately 20 million shares once the repurchase completed. “Daniel Loeb had the vision to see Yahoo for its immense potential – the potential to return to greatness as a company and the potential to deliver significant shareholder value,” said Yahoo! CEO Marissa Mayer. “On behalf...

Google has acquired a 6.3 percent stake in a subsidiary of Taiwanese chip company Himax Technologies in order to help fund the development and expansion of display technology for head-mounted devices such as Google Glass. The deal lets Google holds a 6.3 percent stake in the company with an option to make additional investment within the next 12 months to increase to 14.8 percent. The investment clearly shows that how Google is having huge confidence in Google Glass. “Google is a preeminent global technology leader. We are delighted...

According to the Wall Street Journal – citing an internal HTC email – reported that the Taiwanese mobile maker has reorganizes its US operations and formed a new unit dubbed as “Emerging Device.” The reorganization with the formation of new division is because of keeping focus on future device innovation and distribution. Journal further reports that the company’s current president of North America, Mike Woodward will be the head of the new unit, while company’s president of global sales, Jason McKenzie will be the head of...

Have Smartphones reached an apex? Has the technology gone as far as it can go? Smartphones are basically mini computers, and can do nearly as much as our computers and tablets can do. This perhaps leaves little room for improvement in the future. If this is true what is the next big technological advancement for investors to watch out for in the near future. Many of the up and coming technological advancements are due to the proliferation of mobile devices with companies constantly looking to improve on what we already have. Smartphones...

Just a day after making an announcement of acquisition of Locationary, Bloomberg is reporting while AllThingsD confirming about it via Apple, the Cupertino-giant Apple has acquired city transit app HopStop to bolster its Maps offering. Bloomberg citing people with knowledge of the deal reported about the acquisition while Apple’s spokeswoman Kristin Huguet told AllThingsD that “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” HopStop was founded back in 2005 and it...