Verizon just announced its first quarter 2012 results with total operating revenues were $28.2 billion on a consolidated basis, an increase of 4.6 percent compared with first-quarter 2011. Consolidated operating income was $5.2 billion in first-quarter 2012, compared with $4.5 billion in first-quarter 2011.  Consolidated EBITDA (non-GAAP, earnings before interest,...

Yesterday TIME revealed its ninth annual TIME 100, which lists the 100 most influential people in the world, “the people who inspire us, entertain us, challenge us and change our world.” Apple CEO Tim Cook was named to the 2012 TIME 100 list of breakouts, pioneers, moguls, leaders and icons. The Web picked Anonymous as the winner of Time magazine’s 2012 poll...

Both U.S. and China have been “secretly” engaging themselves in war games designed in order to prevent a sudden military escalation between the two. Last year two war games were conducted through the Centre for Strategic and International Studies (CSIS), a Washington thinktank, and the China Institute of Contemporary International Relations (CICIR), a Beijing thinktank – in the first both sides had to describe what they would do if they were attacked by a sophisticated computer virus and in the second they had to describe their...

Facebook much awaited giant Initial Public Offering has been expected to hit on May 17. The latest rumor comes from multiple sources close to the company cited by TechCrunch. May 17 will only be the big day if the U.S. Securities and Exchange Commission (SEC) give the green light for Facebook’s mounting paperwork. Other rumor mounting up is that Facebook valuation is over $75 billion. The social giant recently bought up $1 billion worth photo sharing service Instagram. Here’s a quote from The New York Times: In early April, Facebook...

Global commerce platform and payments leader eBay has reported that revenue for the first quarter ended March 31, 2012, increased 29% to $3.3 billion, compared to the same period of 2011. The company reported first quarter net income on a GAAP basis of $570 million, or $0.44 per diluted share, and non-GAAP net income of $725 million, or $0.55 per diluted share. The year-over-year increase in first quarter GAAP and non-GAAP earnings per diluted share was driven primarily by strong top-line growth, partially offset by increased investment...

The Finnish mobile giant Nokia has announced its Q1 2012 financial results with €1.3 billion loss. The company reported a loss of 590 million euro for the period. Nokia CEO Stephen Elop revealed that Nokia has “exceeded expectations” in the US with its Lumia 710 and 900 launches with uncertainty in some markets, including the UK, have been “more challenging” than the US. Although there is no sales back burner of sales for the Lumia 900, the company revealed the launch has been “encouraging” in the US. (Image...

With the recent announcement of Nokia’s Q1 2012 financial result losses of €1.3 billion, the company has made another announcement that Colin Giles, executive vice president of sales and a member of the Nokia Leadership Team, will step down from his position. With Giles departure, the company will restructure the sales organization by reducing a layer of sales management to ensure greater customer focus and providing senior leaders greater visibility into market dynamics. Effective immediately, Nokia’s four regional senior vice...

Nokia has just posted its Q1 2012 financial reports, noting an operating loss of €1.3 billion that led to a net loss of €590 million for the period. The company earlier warned that it would not be able to maintain its earlier forecast resulting into huge damage. Nokia sold 11.9 million smart devices during Q1, which is less than half of the 24.9 million it achieved in the first three months of 2011. Operating losses from the Smart Devices and Services division alone amounted to €219 million, equivalent to a -5.2 percent operating...

With Nokia’s quarter results just round the corner and what it appears to be that the company’s CEO Stephen Elop will be under pressure in order to convince investors that the Finnish mobile company is still capable to make its will in the market. The company recently announced that it has lowered its first-quarter 2012 outlook for the key Devices and Services business unit. Stephen Elop, President and CEO of the company, called the financial results for Q1 2012 ‘disappointing’. As soon as the news spread the company sees its...

China Daily reports – via Reuters – that Hewlett Packard willing to build up a new unit – the printer factory in the southern western Chinese city of Chongqing. HP which last month said it is moving its imaging and printer group into PC division having no plans to reduce its workforce in the country. The company which seen decline in its share in the China...