The wait is finally over. After months of maintaining silence over its plans and performance, social media icon, Twitter, has finally decided to go public. The company filed for an IPO under the JOBS Act, which lets companies with less than $1 billion in revenues file confidentially. Companies have to make public their documents at
BlackBerry’s (Nasdaq:BBRY) troubles continue. Earlier this quarter, the company warned investors of impending disappointing quarterly results. Even with the warning, the quarterly performance was shocking. In last-ditch efforts, BlackBerry announced plans to restructure and lay off 4,500 people, or nearly 40% of its employees, while it looks for private buyers.
According to IBISWorld’s IT Consulting Market Research Report, the worldwide IT consulting market is estimated to have grown 2% annually from 2008 to 2013 to reach $337 billion. These projections are aggressive when compared with GIA’s report, which pegs the IT consulting market to be worth $255 billion by 2015. But while industry estimates vary, most
According to TheInfoPro Wave 5 Cloud Computing Study, the worldwide cloud computing market is projected to grow 36% annually to $19.5 billion by the year 2016. The study estimates that of the cloud-related projects being conducted by organizations, the biggest demand is in internal private cloud, followed by cloud provider strategy planning. Cloud projects related
Wearable technology is among the hot technology trends today. Google has been experimenting with Google Glass, Apple is rumored to be in the process of manufacturing the iWatch, and Samsung released the first wearable (albeit clunky) smartwatch, Galaxy Gear. But wearable technology isn’t entirely new. According to IMS Research, 14 million wearable devices were shipped
The housing market continues to rebound. Recent market reports show that housing prices have gone up significantly, with some markets reporting price increases of 15% over the previous year’s levels. The housing industry has benefited from lower mortgage rates and government policies such as the Home Affordable Refinance Program (HARP) and the Home Affordable Modification Program
The worldwide gaming industry is waiting eagerly for several big releases for the start of the holiday season this year. Microsoft’s XBox One and Sony’s Playstation 4 are both currently being pre-ordered for delivery in November. Within games, Take-Two Interactive recently released “Grand Theft Auto V.” Analysts estimate that the game will generate $1.5 billion
According to Gartner’s Forecast: Enterprise Software Markets, Worldwide, 2012-2017, 2Q13 Update, worldwide spending on enterprise software is projected to grow 6% this year to $304 billion. Within the market, Gartner projects CRM market to be a fast growing market with an estimated annual growth rate of 15% over the period 2012 through 2017. A quarter