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The rumors of Qualcomm planning a huge reorganization were true -- and unfortunately, that means a lot of people are about to lose their jobs. The mobile chip maker has announced a "strategic realignment" plan that will see the company slash 15 percent of its full-time jobs (the company has about...

July 22nd 2015 at 6:19pm 0 Comments
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It's that time again — Apple just dropped its Q3 2015 earnings and despite missing Wall Street's always-lofty expectations, it's been a solid three months of growth thanks to the two usual suspects. Say it with us now, folks: It's all thanks to the iPhone and China. (If you're the sort who c...

July 21st 2015 at 4:59pm 0 Comments
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Microsoft's earnings for the fourth quarter are in, and they show an operating loss of $2.1 billion, despite $22.2 billion in revenue (compared to $23.3 billion last year). A lot of that is due to the previously announced write-down for Nokia (and 7,800 job cuts) that caused an $7.5 billion hit. O...

July 21st 2015 at 4:36pm 0 Comments
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While Google has been enjoying consistent financial growth for quite some time, it was dinged the last two quarters for not living up to Wall Street expectations. But in today's Q2 earnings announcement, the Mountain View firm has made significant strides in rectifying that reputation. It reported...

July 16th 2015 at 6:53pm 0 Comments
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Netflix is flying high enough to need a 7-for-1 stock split, but now it's competing in a world where Showtime and HBO offer streaming video over the internet too. That makes today's earnings results (PDF) ever more important, and not surprisingly, the company focused on its push for original, excl...

July 15th 2015 at 4:18pm 0 Comments
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Sprint CEO Marcelo Claure recently said he was tired of T-Mobile's "Uncarrier bullshit," but that BS has almost certainly helped it displace Sprint as the nation's third-largest carrier. T-Mobile's preliminary earnings report shows that it added 2.1 million new customers this quarter, giving it 58...

July 9th 2015 at 10:01am 0 Comments
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Samsung predicts that its earnings from April-June of this year will likely be down four percent from last year, suggesting that sales of its newest flagship smartphones have failed to hit the mark. However, it will still be the company's highest quarterly profit since Q2 2015. The company's for...

July 6th 2015 at 11:02pm 0 Comments
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We've come a long way from Qwikster. Netflix's stock price has more than doubled since last December, and with prices of shares nearing $700 today it announced plans (PDF) for a 7-for-1 stock split. The price closed today at $681, and the Board of Directors approved a plan to distribute six additi...

June 23rd 2015 at 5:13pm 0 Comments
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On Tesla's quarterly earnings call, CEO Elon Musk announced "crazy off the hook" demand for its just-announced Powerwall battery product. He said over 38,000 reservations have been received, which should take up the expected production through mid-2016, and demand is high enough to account for all...

May 6th 2015 at 6:05pm 0 Comments
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Samsung's latest earnings numbers reveal that the company did better in the first quarter of 2015 than at the end of 2014, but its overall profits are still down while the competition's are rising. The company earned an operating profit* of 6 trillion won ($5.6 billion) for January to March 2015,...

April 29th 2015 at 2:02am 0 Comments
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GoPro is expanding its horizons... in a very literal sense. The action camera maker has just acquired Kolor, a French outfit that specializes in videos for virtual reality and 360-degree viewers. It doesn't take much divination to figure out what GoPro wants to do with its new team, as you might i...

April 28th 2015 at 5:54pm 0 Comments
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In the fast-moving world of social media, Twitter can be considered something of an old-timer; after all, it just turned nine years old this past March. Yet, in many ways, it's still struggling to find itself. Twitter has just reported its first quarter earnings report -- which was incidentally pu...

April 28th 2015 at 4:56pm 0 Comments