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Adobe has reported its financial result for its third quarter of fiscal year 2013 ending August 30, 2013. The company reported the revenues of $995.1 million with diluted earnings per share were $0.16 on a GAAP-basis, and $0.32 on a non-GAAP basis. Operating income was $110.4 million and net income was $83.0 million on a GAAP basis. Operating income was $223.0 million and net income was $164.4 million on a non-GAAP basis. The company for the quarter 1 million 31 thousand paid Creative Cloud subscriptions, an increase of 331 thousands...

Twitter today announced via its official Twitter account that it has filed with Securities and Exchange Commission to go public. The company which currently valued at over $10 billion dollars and is just a seven year old is on full urge to move to the next level. “We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale,” the tweet reads. The filing although is a “confidential” filing, which indicates that the company is having an annual revenue of...

After a long tic–tac–toe game over who will take the Dell private, company’s shareholders today finally approved Michael Dell and Silver Lake’s $24.9 billion buyout plan to turn the company into private. The agreement means that the company’s shareholders will receive $13.75 per share with an additional cash dividend of $0.13 per share while the total deal transaction valued at $24.9 billion. Here is what Michael Dell said about the agreement: I am pleased with this outcome and am energized to continue building Dell...

Twitter announced today that it has acquired the world’s largest mobile ad exchange network, MoPub. MoPub is known well for allowing mobile application publishers to manage their inventory and to optimize multiple sources of advertising in a single product. The MoPub team will work together with Twitter team while the deal terms are not disclosed yet. Kevin Weil, Twitter’s VP of Revenue Product, shared that MoPub team has built a huge mobile ad exchange while the focus they put in on providing transparency to advertisers and publishers...

Microsoft has finally taken the curtain off today by announcing that it has acquired Nokia’s devices and services business for €5.44 billion ($7.2 billion) in total i.e. €3.79 billion ($5 billion) for the business and spending €1.65 billion ($2.2 billion) to license Nokia’s patents. The transaction is expected to close in the first quarter of 2014. “It’s a bold step into the future – a win-win for employees, shareholders and consumers of both companies. Bringing these great teams together will accelerate Microsoft’s...

With smartwatch war getting on its full swing – each and every second big tech organization working towards to getting its aim closer to build such a gadget – and the latest to add is Google who has confirmed on acquiring a wearable computing device company WIMM Labs, reported GigaOM. The publication reveals that the purchase of WIMM Labs means Google getting extra resource hands to help it develop its own smartwatch device. While Samsung about to introduce its own Smartwatch on September 4 and Apple die-heartedly working on the same...

According to a report by Rapidus via TechCrunch, Apple has reportedly acquired Swedish mobile data compression company AlgoTrim. The deal terms have not shared as usual but on giving its comment over the acquisition, Apple said that, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” The company was founded back in 2005 in Sweden and specializes in data compression tech for mobile devices. The publication reports that the company’s co-founder and head of software development...

Another week, another acquisition – Yahoo over the weekend has acquired an image recognition service IQ Engines. The acquisition lets the service have to close its sign-ups and to shut down its API in the next 30 days period. The deal terms has not been disclosed as always. First reported by TechCrunch, the company masters in organizing photos and helping tags while now it’s believe that Yahoo will add its latest acquisition to bolster its Flickr team. The acquisition come just the Yahoo’s round of companies it recent acquired including...

Microsoft today announced that its Chief Executive Officer Steve Ballmer has decided to retire from the position within next 12 months although for the period Ballmer will remain continue to work as CEO. The move results in company’s Board of Directors to appoint a special committee to direct the process. “There is never a perfect time for this type of transition, but now is the right time,” Ballmer said. “We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts...

According to Jessica Lessin report, Apple has reportedly acquired transit app maker Embark. The company specializes in building apps for specific cities. Although Apple didn’t share much of details about the acquisition but the company’s spokesperson said “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” The acquisition comes just a month after Apple acquired larger transit app HopStop, saying same words in the statement. There is no doubt over on why Apple making...