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According to Yahoo’s recent filing, the company’s Senior Vice President of Central Technology David Dribble has resigned although Dribble will stay on as an advisor to CEO Marissa Mayer. Dribble in his most recent position in 2012 oversaw the company’s both core platforms and central technology. While earlier he had been taking care of company’s technology and operations although before joining Yahoo he also worked with First Data Corporation as the Chief Technology Officer where he take care of the creation and development of...

Bloomberg citing two people with knowledge of the matter reported that Samsung is close on acquiring Novaled, a German OLED provider for more than $200 million. The publication confirmed that the deal to buy German firm as early as this week. Samsung already having 10 percent of the company, accounted for 53 percent of its sales in 2011, now with acquisition will grab a bigger market. Novaled is known specializing in organic light-emitting diode (OLED) technologies for lighting up smartphone and television screens. While the report confirmed...

According to a report on Sina Tech, Chinese e-commerce giant Alibaba is in final talks to buy a stake in Chinese video streaming service PPTV. While the deal between the duos has been inked down, but there are no words which exactly confirmed that whether the final deal will be acquisition or just a stake purchase. Other companies interested in PPTV include Chinese online media Sohu and electrical appliance retailer Suning. Purchasing a stake in PPTV definitely gives an edge to all as Alibaba is known well in the world of e-commerce but...

Multiple reports confirmed that Apple’s senior vice president Bob Mansfield will work on special projects after leaving Senior VP of Tech role in the company. Reported first by MacRumors that Mansfield’s was silently disappeared from both the company’s organizational chart and PR site while as per early reports, Mansfield is also no longer on the company’s executive team, but will work with Apple on special projects. Although back in June 2012, Mansfield announced his retirement as Senior VP of Hardware, but had rethought that...

As expected, Samsung today reported its earnings for the second quarter 2013. The revenues reported for the quarter were 57.46 trillion won on a consolidated basis while operating profit for the quarter reached 9.53 trillion won ($8.3 billion) and the net income for the quarter was 7.77 trillion won. “Entering into a typically strong season for the IT industry, we expect earnings to continue to increase. However, we cannot overlook delayed economic recovery in Europe and risks from increased competition for smartphone and other set...

Zynga today announced its earnings for the second quarter 2013 ended June 30, 2013. The company reported the revenue of $231 million, down 31% year-over-year while bookings were $188 million, down 38% year-over-year. The second quarter net loss was of $16 million while GAAP earnings per share were ($0.02) and non-GAAP earnings per share were ($0.01). The company further reported the daily active users (DAUs) decreased to 39 million in the second quarter of 2013, down 45% year-over-year. The monthly active users (MAUs) decreased to 187...

Amazon today reported its financial results for the second quarter ended June 30, 2013. The company reported the revenue of $15.70 billion with the sales up 22%, compared with $12.83 billion in second quarter 2012. The operating income decreased 26% to $79 million in the second quarter, compared with $107 million in second quarter 2012. The company also added that there was a loss of $7 million in the quarter or $0.02 per diluted share, compared with net income of $7 million, or $0.01 per diluted share in the second quarter 2012. For...

The Russian internet giant Yandex today posted its second quarter 2013 results with revenues of RUR9.2 billion ($281.2 million), up 35% compared with the same quarter a year ago. The income from operations reported were RUR3.2 billion ($98.4 million), up 43% compared with same quarter a year ago while net income reported was of RUR 2.9 billion ($89.1 million), up 47% compared with quarter year ago. “Yandex delivered strong financial and operating results. We released the mobile version of our Yandex.Browser and a new, task-oriented...

Qualcomm today announced results for the third quarter 2013, ended June 30, 2013. The company reported the revenues of $6.24 billion, up 35 percent year-over-year while operating income for the quarter was $1.68 billion, up 21 percent year-over-year. The net income for the quarter was $1.58 billion, up 31 percent year-over-year. The diluted earnings per share for the quarter were $0.90, up 30 percent year-over-year while non-GAAP diluted earnings per share were $1.03. “We delivered another strong quarter as our Qualcomm Snapdragon solutions...

The Chinese internet giant Baidu today announced its unaudited financial results for the second quarter ended June 30, 2013. The company reported the revenue for the quarter was RMB7.561 billion (about $1.232 billion) whiles an operating profit during the quarter was RMB2.904 billion ($473.1 million). Diluted earnings for the quarter were RMB7.52 ($1.22) while non-GAAP diluted earnings for the quarter were RMB7.75 ($1.26). “We made solid progress in the second quarter, adding a record 58,000 online active customers,” said...