According to The Verge, Apple CEO Tim Cook has donated $100 million to Stanford’s hospital – with $25 million for a new children’s hospital, $25 million for a new main building and $50 million has been donated to Product RED – a charity that combats diseases such as AIDS, tuberculosis, and malaria. Cook made his announcement during an internal town...
Nikon just reported its third quarter results for the fiscal year 2011 and as common with most of the Japanese tech companies – Nikon put the claims on Thailand floods. The flooding happened in October, 2011 in Thailand caused water damage to Nikon (Thailand) Co., Ltd., a consolidated manufacturing subsidiary of Nikon in the Rojana Industrial Park in Ayutthaya...
According to Reuters, Japanese consumer electronics Panasonic Corporation is likely to forecast a record net annual loss of more than $9.2 billion. Panasonic’s is following the suite as per from rivals Sony Corp and Sharp Corp which results in for a combined losses of $6.7 billion. “Panasonic, like Sharp and Sony, has structural problems,” said Makoto Kikuchi, CEO of Myojo Asset Management in Tokyo, noting all three need to come to grips with problems in their TV businesses. “At the core of our latest restructuring...
Sony’s soon-to-be President and CEO Kazuo Hirari today during the company’s earnings call took a step forward and discuss his master plans for saving the troubled company. The company posted an operating loss of $1.2 billion and net loss of $2 billion on revenue of $23.37 billion. Sales were 1,822.9 billion yen (USD $23,370 million). Sony TV Business: He stated,...
Editor’s Note: Guest Author Ajeet Pratap Maurya is a Software Engineer specializing in .NET technologies and iOS development. After a long, tense wait, finally Facebook filled papers Wednesday i.e. yesterday to raise $5 billion in its initial public offering of stock. With this much funds the company would be valued approx. $75 billion. But the question is still there that what will be the effect of this IPO on the market and the investors who are willing to buy it. As we know this not the first time any tech company coming with its...
Sony has just posted its quarter three results of its 2011 fiscal year and as expected, the news is not great. Sony posted an operating loss of $1.2 billion and net loss of $2 billion on revenue of $23.37 billion. Sales were 1,822.9 billion yen (USD $23,370 million), a decrease of 17.4% compared to the same quarter of the previous fiscal year (YOY) primarily due to the impact of the floods in Thailand which began in October 2011, deterioration in market conditions in developed countries, and unfavorable foreign exchange rates. The...
Facebook SEC filing revealed a lot of interesting numbers – including the one from its client list – the company mention in its IPO filing that social game-maker company, Zynga, accounts for 12% of the social networking giant revenue. Facebook generated $3.71 billion in sales last year – with some $445 million of that came from its Zynga partnership – Facebook...
Facebook’s S-1 is finally out with a bang, – the company filed for an Initial Public Offering to raise $5 billion in its IPO bid. As part of Facebook Initial filing go public this afternoon (PT) – the social network giant has revealed some interesting new numbers that indicates how big it actually is – with its users’ number, investors’ shareholding percentage, top employees salaries and many other things. Active Users: The social networking giant now has 845 million active users on the site, up from the estimated 800...
The world’s largest social networking giant, Facebook has recently filed its Initial Public Offering filling and as we even earlier reported too in the leaked revenue figures – the social giant’s number hit the mark with the “big numbers”. The company did $3.7 billion in revenues in 2011 with $1 billion in profits. Profits grew 65% last year from previous $606 million in 2010 – revenues grew 88%. Revenues come from multiple sources – advertising constitutes 85%, virtual goods make 15% and platform development fees...
Facebook’s S-1 is finally out with a bang, ending all the speculations running in the market from the past few days and we can now see how much stock company founder Mark Zuckerberg, investors, employees and others own in the company. Facebook has raised a total of $2.4 billion in funding and seeks to raise as much as $5 billion in a public offering. Mark Zuckerberg is the largest shareholder with 28.2 percent of the company. He’s followed by Accel (invested in 2005) and Accel Partner Jim Breyer who owns 11.4 percent of the company....
