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In Wednesday’s earnings call, Cisco Systems Inc. (CSCO) CEO John Chambers reported good news and bad news for the large-cap tech company. The bad included flat fourth-quarter profits, and fiscal year revenue decreased 3% from 2013 to $47.1 billion. Despite the year-over-year loss, FY2014 represented the second strongest year in…
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Stock in the US digital chipmaking company OmniVision Technology (OVTI) surged 15% to close at $28.29 following Chinese investment company Hua Capital’s announcement of a buyout offer of $1.7 billion, or $29 per share. Needham Capital raised its price target to $32 from $27 based on similar past acquisitions in…
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Back in 2012, the New York Post crowned Kim Kardashian the second most hated person in America, smack dab in between Casey Anthony and Jerry Sandusky. According to the list, Kardashian was more hated than Bernie Madoff, John Edwards, and O.J. Simpson, among many other disgraced people. However, the app…
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Following a strong first quarter for the largest US solar supplier, First Solar (FSLR), analysts had been projecting Q2 revenue to reach $807 million with EPS at $0.33. However, the mid-cap company’s latest earnings report surprised shareholders and missed analyst expectations by a wide margin, claiming revenue of $544 million and…
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iDreamSky Technology ($DSKY) is the largest independent mobile game publishing platform in China based on the number of active users in 2013, according to the Analysys Report. It is headquartered in Shenzhen, China. Five other new companies are scheduled for the week of Aug. 4, 2014. The full IPO calendar…
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Hotels have mastered the art of customer extortion and guest deception. It has become the norm in the industry for hotels to charge for Wi-Fi, laundry, rollaway beds, late checkout, early checkout, extra guests, and other bill items that seem to come out of thin air. Bill Maher went off…
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So Best Buy (BBY) says tablet sales are crashing. Not slowing… crashing. That means devices like the Apple iPad, Google Nexus and Samsung Galaxy. Actually this should not be a surprise. In fact this is exactly what we should have expected. It’s the nature of business. Everything rides a wave.…
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Google (GOOG) products have worked their way more and more deeply into our daily lives, and the great utility they provide depends on massive trawls of data. A Guild staffer who recently relocated to Los Angeles from the east coast depends on Google Maps, and on Google acquisition Waze, to…
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Take a minute to think of the largest names in technology. When you’re as big as Google (GOOG) , dealing with lawsuits is just part of business — patent infringement and misleading privacy policies are the most common reasons behind corporate court dates. In fact, Apple (AAPL) faced 59 patent…
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Hot social media startup Snapchat is in talks to obtain financing from Alibaba at a $10 billion valuation, according to a report from Bloomberg. Snapchat made headlines last year when it surprisingly turned down a $3 billion offer from Facebook (FB) , a bold move that is now paying off.…
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Amid concerns about slowing user growth, failed monetization strategies, and a management team seemingly devoid of a real business plan, Twitter shares have been an absolute train wreck in 2014. Shares peaked just below $75 last December and came crashing all the way down to below $30 in May as…
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Baidu, Inc. (BIDU) shares were up 10% on July 25, hitting itsone-year high of $224.85 per share after Baidu reported higher than expected 2014 Q2 results the day before.   Baidu’s Upbeat Earnings On Thursday after market close, Baidu reported earnings per share of $1.73, 35% higher than the consensus estimated EPS of…
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