IBM (NYSE:IBM) this week reported strong results that beat estimates, and it raised its full-year outlook. IBM continued its acquisition spree and in the recent quarter closed 11 acquisitions for a total of about $3 billion. IBM has said it will spend $20 billion on acquisitions through 2015. What should it acquire next? Let’s take
Apple reported record revenue and profit in its latest fourth quarter results. However, decline in its gross margin and its weaker-than-expected earnings forecast sent its shares sliding. But the highlight in its earnings is the company’s $51 billion cash balance. Let’s take a closer look.
Search engine marketing firm Efficient Frontier estimates that Q3 paid search ad spending grew 19% over the year, making this the third consecutive quarter of double-digit growth. While search remains Google’s (NASDAQ:GOOG) core business, the recent quarterly results shows that its non-search businesses are also doing well.
A recent study conducted by Accenture on open source solutions found that two-thirds of the three hundred organizations studied anticipate increasing investment in open-source solutions during the year. Further, more than a third of these companies expect to migrate mission-critical software to open source within the next year. No wonder open source leader Red Hat
Intel (NASDAQ:INTC), the largest semiconductor company with annual revenue of $35.1 billion, just reported a strong third quarter with record sales that exceeded $11 billion for the first time in its history. These results follow an action-filled quarter in which Intel acquired two large companies, security software maker McAfee for $7.68 billion and the wireless
Both Akamai (NASDAQ:AKAM) and Limelight Networks (NASDAQ:LLNW), content delivery network (CDN) providers, are expanding their services through acquisitions. Limelight Networks recently added video management and syndication to its services with the purchase of Delve Networks. Akamai in June announced its plans to acquire Velocitude, a startup that customizes websites for mobile devices with its software-as-a-service
Micron (NYSE:MU), the largest U.S. DRAM maker, reached a 10-year patent cross-licensing deal with Samsung. Micron this week also reported lower-than-expected sales for the fourth quarter but swung to a profit for the fourth straight quarter.
Early in the year, we saw that Garmin (NASDAQ:GRMN), which is known for its personal navigation devices (PND), was looking to launch more smartphones even after disappointing sales of its nüvifone. Now it is finally correcting its flawed strategy and looking to exit its smartphone business. Let’s take a closer look.