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With making a big hit yesterday with Google announced its amazing quarterly earnings beating Wall Street’s expectations, the search giant’s stock price hit $1,000 for the first time today (while the time when we are reporting this, the current stock price is 1,009.68 Up 120.89(13.60%) 11:57PM GMT+05:30 – Nasdaq). Bloomberg reported that with an increase in 13 percent stock price today, Google now is the world’s third most valuable company after Apple and ExxonMobil. Google yesterday reported the earnings with the revenue of $14.9...

Google today announced its third quarter earnings with the consolidated revenues of $14.89 billion and the net revenue of $11.92 billion for the quarter ended September 30, 2013. GAAP operating income was $3.44 billion while non-GAAP operating income was $4.34 billion. The GAAP net income for the quarter was $2.97 billion while non-GAAP net income was $3.64 billion. GAAP EPS was $8.75 on 339 million diluted shares outstanding while Non-GAAP EPS was $10.74 in the third quarter. “Google had another strong quarter with $14.9 billion in...

Yahoo today reported its third quarter 2013 earnings with the revenue of $1.08 billion and earnings per share for the quarter was $0.34 while the GAAP revenue before tax adjustments was $1.139 billion. The income for operations for the period was $93 million while non-GAAP operations income was $173 million. GAAP net earnings for the third quarter of 2013 was $297 million while Non-GAAP net earnings for the third quarter of 2013 was $358 million, a 24 percent decrease from the same period of 2012. “I’m very pleased with our...

Intel today reported its third quarter 2013 earnings with the revenue of $13.5 billion while the operating income for the period was $3.5 billion, net income was $3 billion and earnings per share was $0.58. The company made $5.7 billion in cash from operations during the quarter with paying dividends of $1.1 billion and had used $536 million to repurchase 24 million shares of stock. “The third quarter came in as expected, with modest growth in a tough environment,” said Intel CEO Brian Krzanich. “We’re executing...

According to a blog post by the mobile app analytics statrup Onavo, the company has been acquired by Facebook. The acquisition will let social giant and other mobile technology companies recently launched Internet.org project commitment to improving internet access for the next five billion people. The startup shared via its blog that Onavo will help the smartphone users to optimize their use of mobile data services while it also work on producing mobile utility apps, the first mobile market intelligence service based on real engagement...

Twitter today filed its IPO with the Securities and Exchange Commission. The filing brings in lots of numbers which we all are waiting for long time. The company says it has total of 215 million monthly active users while there are 100 million daily active users which count in together to 500 million tweets per day. For the period of three months ended June 30, 2013, the company says it has 218.3 average monthly active users, a 44 percent increase from the previous 151.4 million average monthly active users it had in the three months...

As expected, BlackBerry today announced its disastrous financial result. The mobile maker reported the revenue of approximately $1.6 billion with GAAP loss of $965 million, or $1.84 per share diluted while adjusted loss from continuing operations were of $248 million, or $0.47 per share diluted; adjusted gross margin of $570 million, or 36%. BlackBerry blamed Z10 sales as behind such a poor results while we reported yesterday only that the company called off its financial call to discuss the results with both analysts and investors. Other...

According to a report on the New York Times, BlackBerry has cancelled its call with media and analysts to discuss its latest financial results. Although there is no surprise over this as company is standing in its worst time. The phone company has gone through the huge rough times in recent couples of weeks with Fairfax Financial’s bid to acquire the company for $4.7 billion while the company’s plan to cut 4,500 jobs. On the start of this week, Fairfax which itself owns about 10 percent of BlackBerry had signed a letter of intent...

BlackBerry announced today that it has signed a letter of intent with a group led by Fairfax Financial. The deal if take agreed upon will lead to BlackBerry shareholders receiving $9 per share in cash, while the transaction will be valued at approximately $4.7 billion in total. The consortium would acquire for cash for the entire outstanding share of BlackBerry which was earlier not held by Fairfax. Fairfax owns 10 percent of BlackBerry’s common shares as of now. Barbara Stymiest, Chair of BlackBerry’s Board of Directors, said:...

According to a report on Wall Street Journal, BlackBerry is reportedly preparing to lay off up to 40 percent of its employees by year’s end. The publication citing people familiar with the matter claims that the cut will result in impacting thousands of employees which are working in all the departments of the troubled mobile maker. Over the report, company’s spokesperson told Journal that, “Organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in mobile...