Monday, 27 January 2020 11:01
Italian regulator threatens Facebook with €5m fine
Italy’s Competition Authority (ICA) has taken legal action against Facebook, threatening to fine the social media giant for failing to comply with their terms regarding data practices involving user data which were previously set in November 2018. The ICA issued a statement which read that if a company failed to comply with their terms, it would potentially result in a €5 million fine. Facebook was fined €5 million back in November 3018 after the ICA found that the social media…
Monday, 27 January 2020 10:30
Intel reports fourth quarter and 2019 financial results
Intel Corporation today reported fourth-quarter and full-year 2019 financial results. Intel exceeded expectations with a record revenue of $20.2 billion, up 8 percent year-over-year (YoY). Full-year revenue set an all-time record of $72.0 billion, up 2 percent YoY on data-centric growth. Intel also delivered outstanding fourth-quarter earnings per share (EPS) of $1.58.A record $33.1 billion cash was generated from operations and $16.9 billion of free cash flow, and returned approximately $19.2 billion to shareholders. The company’s board of directors approved…
Sunday, 30 June 2019 13:32
EU approves IBM's $34 bn Red Hat acquisition
The EU's powerful anti-trust authority cleared the buyout by IBM of open source software company Red Hat, one of the biggest tech mergers in history which the computing giant said would enhance its cloud offerings.
Thursday, 23 May 2019 07:59
US chipmaker sees shares plunge after antitrust ruling
The US manufacturer of superchips that powers our smartphones has seen its shares plummet following an antitrust ruling.
Friday, 03 May 2019 09:12
Uber reigns in ambitious valuation ahead of Wall Street debut
Global ride-hailing firm Uber has projected a more measured valuation ahead of its IPO debut on the New York Stock Exchange later this week.
Monday, 29 April 2019 13:29
US tech giant edges towards trillion-dollar valuation as profits soar
US technology behemoth Microsoft is edging nearer a trillion-dollar valuation after its profits soared in the first-quarter of 2019. Microsoft enjoyed the increase in its revenues largely because of its cloud and business services continue to resonate with the market. Profits’ in the opening quarter climbed by 19% to $8.8bn and that represents an increase of 14% from the same period a year earlier. Microsoft also saw its shares gain 3% on the New York Stock Exchange which pushes it…
Monday, 22 April 2019 08:04
Qualcomm stocks soar on Wall Street following Apple resolution
US chipmaker Qualcomm has seen its shares prices soar on the New York Stock Exchange following the end to a long-running dispute between them and iPhone manufacturer Apple over patent license agreements. The pair where set for another protracted legal battle in San Diego but managed to broker an agreement that satisfied both parties over royalty payments. It has been reported that resolution deal between Apple and Qualcomm includes a six-year license agreement with the option to extend for two…
Thursday, 18 April 2019 06:51
Apple looking to take a ‘bite out’ of Qualcomm as court battle kicks-off
Apple and US chipmaker Qualcomm will resume their long-running feud as a new court case between the two titans of American enterprise begins in San Diego next week. The two companies have been embroiled in a bitter row over patent licensing practices for the best part of two years. Last month, a Californian jury ruled in favour of Qualcomm and awarded the company $31m after it found that Apple’s iPhone 7, 7 Plus, 8 and 8 Plus and X infringed…
Monday, 18 March 2019 13:29
Qualcomm awarded $31m in patent legal battle with Apple
US chipmaker Qualcomm has won its protracted legal battle with Apple over patented technology used in iPhones. A jury in a federal court in Southern California ordered that Apple pay Qualcomm $31m after deliberating that the smartphone manufacturing behemoth had committed patent infringements for chips used on iPhone 7, 8 and X models. The damages were tabulated from July 6, 2017 through the end of the trial, according to a Qualcomm statement. The legal representative for the chipmaker expressed their…
Tuesday, 12 March 2019 07:59
Tesla to increase prices and keep several stores open
Tesla is planning to increase prices by 3% on all cars except for the new mid-market Model 3. Recently, Tesla said it would close down several stores in order to pay for a cut in the price of the Model 3 in the US to USD $35,000. The amount of stores to be closed down were not previously specified but Tesla has said that it now plans to close down “about half as many” stores as it makes half the…
Sunday, 17 February 2019 12:32
Google set to spend $13bn in US data centre expansion
US technology behemoth Google has announced that it will spend $13bn in expanding its US data centre network.