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HP beats Street, guidance below expectations; to axe 27,000 employees
Hewlett-Packard (HPQ) this afternoon reported fiscal Q2 revenue and profit per shaer...
Struggling HP Slashes 27,000 Jobs (Updated) [Hp]
HP's quarterly earnings may have outperformed expectations, but it's not good enough: the Silicon Valley company confirmed rumors that it would cut lots of jobs. 27,000 jobs to be precise. That's 8-percent of its workforce.More »
Dan Hesse certain the iPhone will be profitable for Sprint
Sprint's CEO Dan Hesse signed an estimated US$15.5 billion deal with Apple to carry the iPhone. After a less than stellar quarterly performance, the CEO is trying to quell shareholder discontent by publicly defending his decision, says a report in AllThingsD.Speaking at an annual shareholders mee...
Deutsche Telekom Q1: 510,000 Contract Customers Left T-Mobile USA; DT Sales Down 1.1% To $18.6B
T-Mobile USA’s parent Deutsche Telekom today reported earnings for the quarter that ended March 31, with revenues and earnings in slight decline compared to a year ago: sales for the carrier came in at 14.4 billion, a decline of 1.1 percent; and earnings of 4.48 billion ($5.8 billion) were ...
Apple and IKEA, two similar retail stories
There's a fascinating writeup over at Asymco about Apple's retail strategy as compared with another very popular retail chain: IKEA. On the surface, the two brands seem dissimilar. One is a popular computer maker turned mobile device innovator, while the other is a simple and low-cost furniture m...
Apple VP of iOS Scott Forstall cashes in $38.7 million of Apple shares
Tim Cook's salary came up in the news last month when he was awarded a million shares of Apple stock, and cashed out a few, in addition to his many other forms of compensation. And here's another Apple manager who's taking advantage of Apple's soaring stock price when he can. Vice President of iO...
Apple's profits and growth rates visualized [Charts]
Following another one of Apple’s blowout quarters which sent shares of Apple back up to the $600 range, The Atlantic put together a few charts to help contextualize just where Apple’s money is coming from and what products continue to drive revenue to unprecedented heights.Apple Reven...
Apple's profits and growth rates visualized [Charts]
Following another one of Apple’s blowout quarters which sent shares of Apple back up to the $600 range, The Atlantic put together a few charts to help contextualize just where Apple’s money is coming from and what products continue to drive revenue to unprecedented heights.Apple Reven...
iPhone users resist the lure of Sprint's unlimited plans
Sprint's unlimited data plans don’t seem to be as big a draw as it had hoped when it comes to selling the iPhone. Sprint sold 1.5 million iPhone 4 and 4S handsets in the first quarter, compared to the 3.2 million Verizon and 4.3 million AT&T activated in the same period.Given Sprint's s...
Sprint sold 1.5 million iPhones to new customers in Q1
Sprint announced its quarterly earnings on Wednesday and the results were disappointing as expected. The carrier posted a net loss of US$863M and cash reserves are now at a razor thin $7.6 billion. In the midst of this doom and gloom, one bright spot for Sprint was the iPhone.The carrier said in ...
