core businesses

core businesses

Intuit Misses, Q4 Sales Up 14 Percent To $651M

techcrunch.com
Intuit reported fourth-quarter earnings today, with Q4 revenue increasing by 14 percent to $651 million. The company missed analyst expectations, with $0.03 in Non-GAAP earnings. Analysts expected $0.06 cents a share on revenue of $652.6 million. Net income came in at $4 million for the quarter. “Fiscal 2012 was another...
Intuit Misses, Q4 Sales Up 14 Percent To $651M
Sony Mobile To Lay Off Off 1,000 People As Part of Restructuring

If Yahoo Has A Plan, Only Two People Know About It (YHOO)

www.businessinsider.com
Last night, we spoke to a Yahoo executive, who, like about 18,000 other people, had a brutal day at the office yesterday. That's because Yahoo fired 2,000 employees in the past 24 hours, reducing its headcount by 14%. And everyone at Big Purple knows those cuts are just the...
If Yahoo Has A Plan, Only Two People Know About It (YHOO)

Today in Tech: Sony firing 10,000 workers in major restructuring effort

tech.fortune.cnn.com
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day. * It's confirmed: As part of a $926 million restructuring effort, Sony (SNE) will lay off 10,000 employees by the end of March 2013. The struggling Japanese electronics giant also...
Today in Tech: Sony firing 10,000 workers in major restructuring effort

Wall Street Analysts Keep Writing Passionate Love Letters To LinkedIn (LNKD)

www.businessinsider.com
LinkedIn will report its Q3 earnings tomorrow after the market closes. Wall Street analyst are downright giddy, and their latest research reports on LinkedIn read like love letters. "We have little reason to expect anything but continued strong operating momentum," says Canaccord Genuity analyst Michael Graham. XOXO, right? JP Morgan's Douglas...
Wall Street Analysts Keep Writing Passionate Love Letters To LinkedIn (LNKD)

Sony CEO Kaz Hirai details ëOne Sonyí recovery strategy

www.electronista.com
Sony CEO Kaz Hirai has detailed his ëOne Sonyí recovery strategy moving forward. Vowing that ëSony will change,í Hiraiís plan is to focus the companyís energy and resources on its core businesses of digital imaging, gaming and mobile. It will also achieve a return to profitability by, as rumored, slashing...
Sony CEO Kaz Hirai details ëOne Sonyí recovery strategy
Sony loses $198 million dollars in Q2 2012 thanks to decreased restructuring costs
Sony to cut 1,000 jobs from mobile division

KIT digital announces plans to file for Chapter 11 bankruptcy and reorganize core entities as Piksel

thenextweb.com
Video management software company KIT digital has announced a drastic restructuring that includes filing for Chapter 11 bankruptcy and reorganizing to a new entity called Piksel. The company said that it expects the bankruptcy filing, which will be sponsored by three of its largest shareholders to take place by April...
KIT digital announces plans to file for Chapter 11 bankruptcy and reorganize core entities as Piksel

Here's Why Huge Companies With Tons Of Cash Are Terrible Innovators

www.businessinsider.com
Why didn't Blockbuster create Netflix? Why didn't record companies create iTunes or Spotify, Crate and Barrel create One Kings Lane, or Sephora start Birchbox? Huge businesses have the money, brand and power to create whatever they want, but most aren't innovative. Scrappy, disruptive startups have to come along and steal...
Here's Why Huge Companies With Tons Of Cash Are Terrible Innovators

Apple Blows Past $500 Billion -- And It's Not Silly To Think It's Headed For $1 Trillion

www.businessinsider.com
Apple (AAPL) crossed an amazing milestone in after-market trading yesterday, when its market capitalization exceeded $500 billion for the first time.  Apple is one of the only one of four companies in history to break this mark, and unlike others that have briefly traded in this neighborhood--Microsoft (MSFT) and...
Apple Blows Past $500 Billion -- And It's Not Silly To Think It's Headed For $1 Trillion
Online university students show off achievements with digital badges

YouEye raises $3M to expand its cloud-based UX testing service, launches insite tracking tool in beta

thenextweb.com
YouEye, a startup which aims to make user experience (UX) testing more efficient through remote services, has raised $3 million in funds and is announcing a new beta product dubbed insite. The round was led by numerous angel investors, including Saba Software founder Bobby Yazdani, Googler Brian McClendon and former-Googler Beth McClendon. YouEye’s technology features webcam eye tracking and...
YouEye raises $3M to expand its cloud-based UX testing service, launches insite tracking tool in beta

Yahoo confirms 2000 job cuts, hopes to save $375m a year as a result

thenextweb.com
Yahoo has annnounced that it will cut 2000 of its work force in order to save $375m a year. “Today’s actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require. We...
Yahoo confirms 2000 job cuts, hopes to save $375m a year as a result

Show Me the Plan: Despite Alibaba Stock Boost, Wall Street Looking for Signs That Yahoo's Mayer Can Improve Core Business

allthingsd.com
There’s no question that Yahoo’s stock has been on a tear of late, rising 55 percent since Yahoo CEO Marissa Mayer has been leading the Silicon Valley Internet giant, with shares reaching five-year highs. But, as Wall Street analysts and many in the tech sector have noted, much of...
Show Me the Plan: Despite Alibaba Stock Boost, Wall Street Looking for Signs That Yahoo's Mayer Can Improve Core Business
Sony confirms plans to shed 10,000 jobs amid shake-up

HP considers cutting 25,000 jobs. Why not more?

tech.fortune.cnn.com
Facebook employees are celebrating. Workers at Hewlett-Packard are wondering whether or not they’ll still have a job FORTUNE — While Facebook (FB) employees are celebrating, workers at beleaguered Hewlett-Packard (HPQ) are wondering whether or not they’ll still have a job a few weeks from now. The Palo Alto, Calif.-based tech...
HP considers cutting 25,000 jobs. Why not more?

Zillow Completes Its $40M RentJuice Acquisition

techcrunch.com
Zillow, the popular online real estate search engine,  just announced that it has closed its previously announced $40 million acquisition of RentJuice. With RentJuice, Zillow now owns a rental relationship management service for landlords, property managers and rental brokers that helps them market their inventory and client relationships. RentJuice is currently being...
Zillow Completes Its $40M RentJuice Acquisition

Cisco Invests $100 Million In Its Own Home-Grown Startup To Protect One Of Its Core Businesses

www.businessinsider.com
We knew that Cisco wasn't going to sit around and let a bunch of little upstarts knock it to its knees. The networking company has invested $100 million in its own startup to build something called "software defined networking" products. The new company is called Insieme and if its products...
Cisco Invests $100 Million In Its Own Home-Grown Startup To Protect One Of Its Core Businesses

Gilt reverses its stance on selling Jetsetter

pandodaily.com
Back in February, when several of Gilt Groupe’s non-core businesses were suffering layoffs and restructurings, we’d heard rumors the company might consider selling off the growing side businesses. Why not? Gilt’s main flash sale business had hit a plateau, but several of these side businesses, including Jetsetter, were regularly fielding...
Gilt reverses its stance on selling Jetsetter

Did Google’s Eric Schmidt Quit Apple’s Board Over AdMob Squabble?

www.marketingpilgrim.com
OK, bear with me hear, but I’m going to put some pieces together to explain why Google and Apple went from being great friends, to arch-rivals. At the time, this looked like a coincidence: August 3rd, 2009 – Eric Schmidt resigns his position on Apple’s board of directors, citing...
Did Google’s Eric Schmidt Quit Apple’s Board Over AdMob Squabble?

Lenovo May Produce A Think-Brand Smartphone, Says ThinkPad Business Unit's VP

techcrunch.com
In an interview today with Sina Tech (link via Google Translate), Dilip Bhatia, vice president and general manager of Lenovo’s ThinkPad Business Unit, said that the Chinese tech company may build a Think-brand smartphone. If Lenovo does come out with a Think-brand smartphone (a ThinkPhone?), it would be inline with the...
Lenovo May Produce A Think-Brand Smartphone, Says ThinkPad Business Unit's VP

FTC closes Google antitrust investigation: Google agrees to modify search practices, license Motorola patents on fair terms

9to5google.com
The FTC is right now announcing the results of its nearly two-year long investigation into antitrust claims surrounding some of the Google’s core businesses. The Wall Street Journal is posting live updates from the press conference and, as expected, Google has agreed to voluntarily modify some of its search...
FTC closes Google antitrust investigation: Google agrees to modify search practices, license Motorola patents on fair terms

David Carey Says Hearst is No Time Inc.

allthingsd.com
Time Warner is so down on the magazine business that it is going to dump/spin off Time Inc., the world’s biggest magazine publisher. But other magazine publishers insist things are fine. Or if not fine, then potentially fine. Now, it’s entirely possible that publishers like Conde Nast and Hearst are...
David Carey Says Hearst is No Time Inc.

VMware garage sale continues as it offloads WaveMaker to Pramati

gigaom.com
VMware wasn’t kidding early this year when it said it would divest itself of non-core businesses. In March Clearslide bought Sliderocket. Now Pramati, a technology incubator, is acquiring the assets of WaveMaker. Terms were not disclosed. Two years ago, VMware purchased WaveMaker and its technology for simplifying the construction of enterprise...
VMware garage sale continues as it offloads WaveMaker to Pramati

Rumors: VMWare planning Cloud Foundry spinoff led by Paul Maritz

venturebeat.com
VMWare parent company EMC is planning to carve off VMWare’s non-core businesses, including its popular Cloud Foundry platform-as-a-service, into a separate unit owned by EMC, according to multiple sources, including GigaOm and TechCrunch. Paul Maritz, the former chief executive of VMWare, will head the new unit, the reports say....
Rumors: VMWare planning Cloud Foundry spinoff led by Paul Maritz

Zynga to Lay Off 520 Employees -- 18 Percent of Staff -- and Shutter New York and LA Offices

allthingsd.com
Zynga is laying off 18 percent of its workforce — which represents 520 employees — in a bid to reduce costs, as it seeks to drastically restructure its troubled business toward mobile, according to sources close to the situation. The move today will affect every part of the San...
Zynga to Lay Off 520 Employees -- 18 Percent of Staff -- and Shutter New York and LA Offices

AMD reports weak second quarter earnings on PC market softness

venturebeat.com
Advanced Micro Devices reported relatively weak second-quarter  earnings as it suffered more than its share of headaches from a softening personal computer market. The chip maker, which is a perennial No. 2 to Intel in PC microprocessors, reported net income of $37 million, compared with $61 million a year...
AMD reports weak second quarter earnings on PC market softness

Is Competition Starting to Eat Into Cisco’s Core Markets?

gigaom.com
Cisco Systems, no matter what happens, always seems to find a way to move forward. It grows its revenues and squeezes out profits even when the world is falling apart, thanks largely to its near-complete domination of its two core businesses, routers and switches. But it seems the 2009 recession,...
Is Competition Starting to Eat Into Cisco’s Core Markets?

Bridgestone reveals plan to withdraw from e-paper business, AeroBee loses its buzz

www.engadget.com
If you were intrigued by those 21-inch e-paper tablets Bridgestone showcased last year, you're sure to be bummed by this news. The company has announced that plans to withdraw from the electronic paper business and expects to bring production to a screeching halt by the end of October. Citing...
Bridgestone reveals plan to withdraw from e-paper business, AeroBee loses its buzz
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