Many analysts believe that Intel is not only weathering the impact of a recession, but also battling the demand for “the same functionality for less price” phenomenon that is washing over the shores of the technology industry in every direction. I think there is a lot of truth to this, and it is a trend
The Indian IT industry is going through turbulent times with Satyam’s (the fourth-largest player in the country) CEO reporting a $1 billion fraud. The results announced by the largest player, Infosys Technologies (INFY), did manage to bring some respite to the market. Narayan Murthy must be ashamed of his compatriot, Ramalinga Raju for jeopardizing India’s reputation.
Over the weekend, it became clear that Carol Bartz really wanted the Yahoo! CEO job, and that the board was willing to give it to her. Today, the appointment became official. Carol Bartz is the no-bullshit, down-to-earth, highly successful former CEO of Autodesk. Her story in Silicon Valley is a lesson in career management: boards
On December 23, Micron Technologies, with annual revenue of $5.8 billion, reported results for the first quarter of fiscal 2009. Results were mixed, with stronger-than-expected sales and a wider-than-expected loss as DRAM and NAND ASP declines outpaced cost reductions.
Amidst the gloomy economic background, there is a bright spot in the form of 3Com, a major networking player with annual revenue of $1.3 billion. Last month, on December 18, in its Q209 results, the company reported another strong quarter that beat estimates. This is the second consecutive quarter that 3Com has reported a profit and
The New Year doesn’t seem to be bringing any cheer to the market. Though the $20 billion consulting giant, Accenture, continued to beat the market’s expectations with its Q1 results, the company lowered its outlook for the coming year.
Right before the holidays, on December 17, Paychex, the leading payroll and personnel services provider with annual revenue of $2.06 billion, reported second quarter earnings that fell below analyst expectations. But what is even more telling is the gloomy snapshot Paychex provides of the economy. Let’s take a closer look.
Oracle (NASDAQ:ORCL) reported its Q209 results on December 18. Revenue was up 6% to $5.6 billion, missing analyst estimates of $5.84 billion. However, as the company cut costs aggressively across the board, non-GAAP EPS of $0.34 met analyst estimates for earnings. Operating margin improved 166 basis points to 35% versus 34% last year. GAAP net income