Archive

Posts Tagged ‘company’

Dell’s Dismal Quarter Shows PC Maker’s Challenges

May 20th, 2013
Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets.

The dismal performance announced Thursday provided the latest evidence of a technological shift that is making it difficult to sell laptop and desktop machines. Until recently, consumers had regularly replaced machines with faster ones every few years. The money is going instead to powerful, more convenient mobile devices such as phones and tablets. PC makers have had to cut prices sharply, obliterating their profit margins.

The trend also has hobbled another technology powerhouse, Hewlett-Packard Co., which is scheduled to report its latest quarterly numbers Wednesday.

If there's ever an opportune time for a company to flounder, it's right now for Dell Inc. That's because Dell's board of directors is trying to persuade shareholders to accept a $24.4 billion buyout offer from CEO Michael Dell and other investors. Some shareholders say the offer price of $13.65 per share is too low, but Dell's board contends it's a good deal in light of challenges facing the company.

The results for the fiscal first quarter, which ended May 3, should reinforce the board's point. At the same time, opponents of that proposal may question whether the Round Rock, Texas, company is deliberately finding ways to make the results look as bleak as possible in an effort to get the deal done.

Brian Gladden, Dell's chief financial officer, sought to debunk the conspiracy theories in response to a question posed on a conference call with analysts. "We have not changed the way we are running the business," Gladden said. "The strategy for the company has endured, and I would say we continue to adapt that strategy, given the market conditions."

Michael Dell didn't participate in Thursday's call. Before the buyout offer was announced in...



Read the rest of the story from source

Author: Categories: All News, Sci/Tech Tags: , ,

Bidding for remaining THQ IP closed

April 19th, 2013
Company received 17 bids for "certain" remaining franchises, expected to bring in as much as $7 million when sale closes next month.


Read the rest of the story from source

Author: Categories: All News, Video Games Tags: ,

Ouya has 10,000 developers

April 19th, 2013
Company reveals new developer milestone for Android-based console; Kellee Santiago says "critics have their job" about early reviews.


Read the rest of the story from source

Author: Categories: All News, Video Games Tags: , ,

Nokia reportedly planning 5-inch Lumia ‘phablet’

April 18th, 2013
Company will launch its own "phablet" designed to compete with such devices as Samsung's Galaxy Note, a source tells the Financial Times. [Read more]
    




Read the rest of the story from source

Author: Categories: All News, Sci/Tech Tags: , ,

Yahoo scandal: Fired at bar?

March 5th, 2013
Michael Katz claimed the company publicly humiliated him to avoid paying the bonus he was promised after selling his online ad company.


Read the rest of the story from source

Microsoft acquires cloud-monitoring startup MetricsHub

March 5th, 2013
The Bellevue, Wash.-based company, which automates cloud performance management, also announces that its formerly paid service will now be available for free. [Read more]



Read the rest of the story from source

Ex- Yahoo executive says company tried to "cheat" him: lawsuit

March 5th, 2013
SAN FRANCISCO (Reuters) - The founder of a company acquired by Yahoo Inc for $270 million said in a lawsuit filed on Monday that Yahoo tried to "cheat" and "humiliate" him by firing him at a bar weeks before his first retention bonus was due. The plaintiff, Michael Katz, said he was promised several annual payments of $1.35 million, as well as other compensation, when his online advertising ...


Read the rest of the story from source

Seagate phasing out 7200rpm mobile hard drives

March 5th, 2013
Company is going hybrid for laptop hard drives. Gone are the days of the pure magnetic hard disk drive with high rpm. [Read more]



Read the rest of the story from source

Mass Effect 3 Citadel DLC Trailer

March 4th, 2013
Sheppard and company are back in action in the Citadel DLC trailer.


Read the rest of the story from source

Online note service Evernote latest firm to get hacked

March 2nd, 2013
Company behind application used by about 50 million people says some user data was accessed, and it requires all users to reset passwords. [Read more]



Read the rest of the story from source

Author: Categories: All News, Sci/Tech Tags: , ,