By all measures, Google is going gangbusters. It has made a major management change, but let’s first look at the results and then analyze the change in context. With the market recovering, online ad spending is on the rise. According to eMarketer, a marketing research firm, total online ad sales in the U.S. increased 13.9%
According to ComScore, online sales in the U.S. in November and December grew 12% over the year to $32.6 billion. Cyber Monday, the Monday following Thanksgiving, was the biggest online spending day of the holiday season in the U.S. with sales of $1.028 billion. This was the first time ever that online sales crossed the
IBM (NYSE:IBM) this week reported strong results that beat estimates driven by increased tech spending. Ten years ago, IBM made a strategic shift to higher-margin software and services while divesting its low-margin commoditized businesses such as computers. That shift in strategy has paid off: IBM reported almost $100 billion in revenue in 2010 and plans
On Monday, 55-year-old Steve Jobs, the legendary CEO of Apple, disclosed that he will be going on medical leave. He was diagnosed with a rare form of pancreatic cancer in 2004, and he had a liver transplant in 2008. He said he will continue as the company’s CEO and be involved in major strategic decisions,
A recent Gartner study claims that the global spending on technology will increase 5% in 2011 to $3.6 trillion. IT outsourcers are pleased by the report. However, in India, currency volatility continues to pose a threat. During the previous quarter, the U.S. dollar fell more than 5% against the euro and around 2% against the
Intel (NASDAQ:INTC), which has an 80% share in PC chips and a 90% share in the server market, reported strong results last week that beat estimates and provided a strong outlook for 2011 driven by the growth in servers. The growing number of connected devices like smartphones, tablets, smart TVs, and embedded devices is leading
The for-profit educational sector has had a tough year with the tightening of government scrutiny of loan default rates, media publicity highlighting poor education, and tighter controls being levied by the Department of Education for federal student aid. All of these measures have impacted student enrollments. Earlier last week, education institutes revealed their winter enrollment
Akamai (NASDAQ:AKAM) witnessed many ups and downs in 2010. Early in the year, the company landed a deal with Netflix as a primary content delivery network, taking away business from Level 3. However, at the end of the year, Netflix, which accounts for about 20% of primetime Internet traffic, went back to Level 3. In