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Apple's iPhone sales beat Street but iPad volumes slide
The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New YorkBy Christina Farr and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets. The company on Monday projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter, when new iPads and iPhones vie with rival devices from Microsoft Corp and Amazon.com Inc for consumers' holiday outlays. Shares of Apple rose 1.3 percent to about $101.10 in after-hours trade. ...
Mon, 20 Oct 2014 17:48:21 -0400
IBM struggles to reinvent itself in an age of cloud
Visitors walk past the IBM booth at the 9th China International Software Product & Information Service Expo in NanjingBy Marina Lopes WASHINGTON (Reuters) - When IBM Corp CEO Ginni Rometty was asked recently for her tips on how to transform companies, she spoke of "relentless reinvention" and not protecting the past. Applying those precepts to IBM is proving particularly tricky as many of the company's old-line businesses have already been shut down or sold, while the units that are supposed to push future growth, such as cloud and security, face stiff competition. Earlier on Monday, IBM reported a marked slowdown in business in September and abandoned its 2015 operating earnings target. ...
Mon, 20 Oct 2014 19:02:16 -0400
New Microsoft CEO pay tops $80 million with big stock awards
Microsoft CEO Nadella gestures during a Microsoft cloud briefing event in San FranciscoSEATTLE (Reuters) - Microsoft Corp's new Chief Executive Satya Nadella has become one the technology industry's biggest earners, with a total compensation package worth $84.3 million this year, according to a document filed with securities regulators on Monday. The outsize number is mostly made up of the estimated value of certain one-time stock awards given to Nadella, who became the company's third CEO in February. Most of it Nadella cannot actually receive until 2019. The massive stock awards, valued at $79. ...
Mon, 20 Oct 2014 18:18:49 -0400
China-backed hackers may have infiltrated Apple's iCloud: blog
Apple CEO Tim Cook looks at a new IMac after presentation at Apple headquarters in CupertinoBOSTON/BEIJING (Reuters) - Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. Using a method called a "man-in-the-middle" (MITM) attack, unknown hackers interposed their own website between users and Apple's iCloud server, intercepting data and potentially gaining access to passwords, iMessages, photos and contacts, Greatfire.org wrote in its blog post. Greatfire. ...
Mon, 20 Oct 2014 22:00:52 -0400
IBM ditches 2015 operating EPS target, shares slump 7 percent
The IBM logo is seen outside the company's offices in Petah TikvaBy Marina Lopes and Anya George Tharakan (Reuters) - International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire Hathaway Inc is its top shareholder. The decline shaved more than $13 billion off of IBM's market cap, which stood at $182 billion at the stock market close on Friday. ...
Mon, 20 Oct 2014 17:54:50 -0400
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