Technology Sector Archive

SanDisk’s quarterly revenue tops expectations

Chipmaker SanDisk Corp’s fourth-quarter revenue topped analysts’ expectations,  helped by strong growth in solid-state drives. SanDisk earned $214 million, or 87 cents per share, in the December quarter, on revenue of $1.54 billion. Excluding items, it earned $1.05 a share. Analysts on average were expecting revenue of $1.526 billion, according to Thomson

Apple Cuts Orders for iPhone Parts as Demand Slips

 Apple cuts orders for iPhone 5 components due to weaker-than-expected demand, people familiar with the situation say. iPhone 5 screens for January-March quarter have dropped roughly half of what the company had previously planned to order, they say Apple Inc. (AAPL) has cut its orders for components for the iPhone 5 due

Nokia Sees Better Fourth Quarter on Brisk Lumia Sales

Nokia Corp. (NOK) Thursday said brisk sales of its new Lumia smartphone line up has contributed to a better- than-expected result in the fourth quarter, sending shares sharply higher.  Nokia shipped 4.4 million Lumia devices in the fourth quarter, bringing total smartphone shippments to 6.6 million devices, the first increase in smartphone

LinkedIn Reaches 200 Million Members Globally

LinkedIn Corp. (LNKD) said it reached 200 million members world-wide, underscoring the professional social network’s continued growth even as other newly public Web companies stumble. Since reaching 100 million members in March 2011, the company added 13 new languages, and said it now gains new members at a rate of two per

S&P says DISH Network ratings unaffected by bid on Clearwire

Standard & Poor’s Ratings Services said today that its ratings and outlook on DISH Network Corp. are not immediately affected by DISH Network’s unsolicited offer to purchase Clearwire Corp. The proposal consists of purchasing certain spectrum assets from Clearwire for $2.2 billion, entering into a commercial agreement with Clearwire, acquiring up to all

Apple working on lower-end iPhone

 Apple Inc. (AAPL) is working on a lower-end iPhone, according to people briefed on the matter, a big shift in strategy as its supremacy in smartphones has slipped. While Apple has explored such a device for years, the plan has been progressing and a less-expensive version of the flagship device could be

Apple Shares Surpass $700 and crosses key psychological barrier

Apple Inc.’s (AAPL) shares closed above $700 for the first time Tuesday after a record number of preorders for the new iPhone 5 hinted at strong demand for the company’s flagship smartphone this weekend. The Cupertino, Calif., company passed the intraday price milestone early Tuesday after its Monday news release reported more

Eastman Kodak Weighing Options Including A Bankruptcy Filing…

End of an era!! Eastman Kodak Co. (EK), the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible bidders for its patent portfolio, said three people with direct knowledge of the process.  Some potential buyers of the patents are reluctant to proceed with bids

Amazon.com 3Q Net Up 16% On Sales Jump; Spending Still Strong

Amazon.com Inc.’s (AMZN) third-quarter earnings rose 16% as revenue continued to surge at the No. 1 Internet retailer by sales, but investors were unsettled because the company raised the possibility that operating income might decline in the current quarter. Seattle-based Amazon said operating expenses jumped 40% in the third quarter, in part

Sector Watch: Good, Bad & Ugly

Education: Good sectorShares of ITT Educational Services Inc (ESI) lifted educational stocks on Thursday after the company reported fourth-quarter earnings of $1.61 a share on revenue of $279.8 million, above Wall St estimates of $1.44 a share and $270.7 million in revenue. Shares rose nearly 11 percent to $126,73. Fellow education provider