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  • Vodafone and AT&T: The Rumor Returns

    22 August 2014, 4:04 pm by: Johanna Bennett

    Here we go again. Once more, European telecom giant Vodafone (VOD) is at the center of rumors regarding a takeover bid by AT&T (T) which send the stock climbing almost 1.8% Friday to close at $34.10 a share. Why the eye roll (so to speak)? Rumors circulated in…
  • Bloomberg: Softbank Pursues More Deals After T-Mobile

    22 August 2014, 2:10 pm by: Johanna Bennett

    Bloomberg writes that Japanese billionaire Masayoshi Son is building a war chest and speculates that it could be used to buy companies from Yahoo (YHOO) to Dish Network (DISH). As the news service reports: Son’s SoftBank (SFTBY) is selling almost $4 billion…
  • Game On for GameStop

    22 August 2014, 1:45 pm by: Johanna Bennett

    Shares of GameStop (GME) rose as much as 10% Friday after the video game retailer beat quarterly earnings estimates and predicted continued strength in the market for the latest gaming consoles. Sharp demand for video game consoles helped fuel a 24% rise in…
  • Tech Today: Key LinkedIn Exec Leaving; GameStop Beats, Hiccup With iPhone 6

    22 August 2014, 11:14 am by: Johanna Bennett

    Here’s a roundup of what’s happening today in the world of tech: Dipchand “Deep” Nishar, a LinkedIn (LNKD) senior vice president who helped the professional social network expand internationally and on mobile devices, is leaving the company to pursue a…
  • Will the iPhone 6 Launch Be Delayed?

    22 August 2014, 10:44 am by: Johanna Bennett

    The new iPhone 6 is expected to hit the U.S. market next month, another in a long line of big Apple (AAPL) media events. Or will it? Reuters reports that production of the tech icon’s newest smart phone has hit a hiccup. Citing supply chain sources, the news…
  • Brocade Rises 4% After Beating FYQ3 EPS,Revenue

    22 August 2014, 10:38 am by: Johanna Bennett

    Shares of Brocade Communications (BRCD) rose 4% to $9.79 thanks to last night’s strong earnings report. The storage networking equipment vendor’s fiscal third-quarter profit of 23 cents per share beat consensus by four cents, with revenue also besting the…
  • Salesforce.com Rises on a Cloud

    22 August 2014, 9:51 am by: Johanna Bennett

    Shares of Salesforce.com (CRM) are up 5.3% to $58.69, rising on the strength of last night’s better-than-expected financial results and heightened full-year forecasts fueled by increasing sales of its cloud based sales software. Though considered a pioneer…
  • Marvel Tech Falls 1%; Disappointing Forecast Overshadows Better-Than-Expecetd Q2 Results

    21 August 2014, 5:06 pm by: Johanna Bennett

    Marvell Technology Group (MRVL) fell 1% to $13.45 after better-than-expected second-quarter earnings and rising revenue unveiled after Thursday’s closing bell were overshadowed by disappointing financial forecasts for the current quarter. Marvell specializes…
  • Intuit Falls 1% After FYQ4 Loss; FY15 Miss; CFO Says Growth Returns in FY16

    21 August 2014, 4:52 pm by: Johanna Bennett

    The maker of TurboTax took Wall Street by surprise by reporting an unexpected fourth-quarter loss and issuing guidance for the new fiscal year that fell drastically short of consensus estimates. Intuit (INTU) shares fell 1.14% after hours to $84.83 after…
  • Intuit Shares Fall Slightly Ahead of FY4Q Earnigs

    21 August 2014, 2:16 pm by: Johanna Bennett

    Shares of Intuit (INTU)  inched slightly lower during afternoon market action as the do-it-yourself financial software maker sat poised to unveil its fiscal fourth-quarter financial results today after the closing bell, shutting the door on its 2014 fiscal…
  • Tech Today: Will EBay Spinoff PayPal? Rumors about Gogo; Synopsys Rises on EPS Beat

    21 August 2014, 12:22 pm by: Johanna Bennett

    Here’s what’s going on today in the world of tech:  The Information reports that EBay (EBAY) could still spinoff PayPal. Synopsys (SNPS) rises 6% on earnings beat. Sell-side analysts weigh in on Hewlett-Packard’s (HPQ) fiscal third-quarter earnings…
  • The Information: PayPal Spinoff Not Dead at EBay

    21 August 2014, 11:38 am by: Johanna Bennett

    EBay (EBAY) shares are ripping higher, rising 5.3% to $56.27 after a report that the online auction site could still spinoff PayPal. The Information (paywall) reports that eBay has been telling candidates for the PayPal CEO job that it could go through with a…
  • Snaps for SNPS; Shares Rise 6% on EPS Beat

    21 August 2014, 11:01 am by: Johanna Bennett

    Synopsys (SNPS) reported late Wednesday fiscal Q3 earnings per share that topped expectations as revenue growth made up for higher operating expenses. The company also modified its fiscal full-year forecasts. The shares surged 6% to $41.66. Synopsys, which…
  • Has Hewlett-Packard Turned a Corner?

    21 August 2014, 10:11 am by: Johanna Bennett

    Hewlett-Packard (HPQ) reported revenue growth for the first time in three years, sending the company’s share price higher in morning market action. The company unveiled late Wednesday a surprise 1.3% rise in revenue for the three-month period that ended July…
  • Semtech Rises After 2Q EPS, Revenue Beat Expectations

    20 August 2014, 4:59 pm by: Johanna Bennett

    Semtech (SMTC) rose 76 cents, or 3.1% to $24.76 after the U.S.-based chip maker unveiled second-quarter financial results that beat expectations. Revenue fell less than expected, dropping 11.7% to $145.7 million to yield 42 cents a share in profit.The Street…
  • Hewlett-Packard Falls as FYQ3 EPS Meets; Revenue Beats Consensus

    20 August 2014, 4:37 pm by: Johanna Bennett

    Hewlett-Packard (HPQ) slipped 0.7% in premarket action after the company’s third-quarter per share earnings hit the mark and revenue beat expectations. Revenue rose 1% to $27.59 billion, compared to the $27.06 billion expected by Capital IQ to yield per…
  • Pure Storage Hires Former Google Exec As CFO

    20 August 2014, 3:45 pm by: Johanna Bennett

    The fast-growing data storage startup Pure Storage now has a new chief financial officer. The Mountain View-Calif.-based company announced today that it has named Tim Riitters, a former finance executive at Google (GOOGL), to the post, effective Aug. 26. Why…
  • Infineon To Pay $3B for International Rectifier

    20 August 2014, 1:07 pm by: Johanna Bennett

    Infineon made its choice. Germany’s Infineon Technologies (IFNNY) announced on Wednesday that it will acquire U.S.-based semiconductor company International Rectifier (IRF) for about $3 billion cash. Thenews put to end specualtions regarding Infineon’s…
  • Tech Today: Sprint’s Price Cuts; Chip Makers Rise; Apple Retreats After Hitting New High

    20 August 2014, 12:04 pm by: Johanna Bennett

    Here’s what’s happening today in the world of tech: Apple (AAPL) hit a new record intraday high at $100.87. Hewlett-Packard (HPQ) fell 0.4% ahead of its quarterly earnings report due out after the closing bell. GT Advanced Technologies (GTAT) got slapped…
  • Who Will Infineon Pick? Deal Speculation Boosts Chip Makers

    20 August 2014, 11:31 am by: Johanna Bennett

    Germany’s Infineon Technologies is poised to a U.S.-based semiconductor company for $2 billion, according to Reuters. But who? Bloomberg earlier reported that a deal could be announced later on today and named Power Integrations (POWI), Fairchild…

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