ENTERPRISE Archive

Apple’s stock sinks on concern about slowing growth

Shares of Apple Inc. sank 3.2% on Tuesday after Credit Suisse lowered its earnings estimates on the iPhone maker. And Doug Kass, president of money manager Seabreeze Partners Management, reminded investors that Apple AAPL, -3.15% is facing slowing earnings and revenue growth in an article in which he said he’s maintaining his short position, wagering [&hellip

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Is the red-hot security sector hitting a plateau, or is it just FireEye?

The canary in the security sector coal mine is starting to wheeze. FireEye Inc. FEYE, +0.66% was one of the most prominent cybersecurity companies to enter the public markets amid a wave of high-profile attacks and investor fervor for such firms. But it says it is seeing a slowdown in attacks and projecting slower growth [&hellip

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Apple expects a blowout fourth quarter, says Morgan Stanley

Source photo Apple’s spending plans suggest that it expects to blow past most analysts’ revenue projections for the December quarter, according to a new note from Morgan Stanley. Apple’s last quarterly report revealed $29.5 billion in off balance-sheet commitments, and $7.3 billion in other commitments, at the end of the September quarter. These usually represent [&hellip

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Alphabet to differ from Apple with single operating system, sources say

Source photo Alphabet Inc.’s GOOG, +0.56% GOOGL, +1.08% Google plans to fold its Chrome operating system for personal computers into its Android mobile-operating system, according to people familiar with the matter, a sign of the growing dominance of mobile computing. Google engineers have been working for roughly two years to combine the operating systems and [&hellip

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Microsoft tried to buy this hot two-year-old startup — and got turned down

Microsoft tried to buy Mesosphere, a hot cloud computing startup, for as much as $150 million — but Mesosphere turned them down, reports The Information. Rumors of a Microsoft/Mesosphere deal first surfaced over the summer, when it came out that the tech giant was interested in Mesosphere’s technology for managing the growing market for running [&hellip

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What will Yahoo cut next?

Source photo As Yahoo Inc. prepares to spin out the its last of its Alibaba Group Holding Ltd. stock and focus on the lackluster financial results of its core business, it is also preparing investors and employees for yet another round of product closures and potentially layoffs. CEO Marissa Mayer is apparently ready to cut [&hellip

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Dell in talks to buy data storage company EMC

Source photo Dell Inc, the world’s third largest personal computer maker, is in talks to buy data storage company EMC Corp, a person familiar with the matter said, in what could be one of the biggest technology deals ever. A deal could be an option for EMC, under pressure from activist investor Elliott Management Corp [&hellip

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Melrose to return at least $3 bln to investors after Elster sale

Source photo Engineering company Melrose Industries Plc said it intends to return proceeds of between 2 billion pounds and 2.5 billion pounds ($3 billion-$3.8 billion) to shareholders following the sale of its utility consumption metering business. The turnaround specialist, which follows a buy-improve-sell strategy, said it would create a holding company, to be named New [&hellip

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U.S. regulator considers expanding Takata air bag recalls: Bloomberg

Source photo The U.S. regulator overseeing the replacement of Takata Corp air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG and Tesla Motors Inc , Bloomberg reported. Takata identified the seven as companies it supplied with air bag inflators that use [&hellip

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Disney, other media firms invest in virtual-reality startup Jaunt

Walt Disney Co. DIS, +0.35% Sky PLC and other global media firms are investing $65 million in a Silicon Valley virtual-reality startup, signaling increasing interest in the immersive technology among traditional media. Other new investors in Jaunt Inc., of Palo Alto, Calif., include German media conglomerates Axel Springer SE and ProSiebenSat.1 Media AG; China Media [&hellip

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