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Facebook's communications tool for workplaces has a new leader
Facebook's Karandeep Anand is the new head of Workplace, the company's two-year-old enterprise communications tool.Tue, 18 Dec 2018 23:01:00 +0000Read more
Headwinds Lie Ahead for Intel’s PC Business after a Strong Quarter
Intel (INTC) is benefiting from the unexpected demand in the PC and data center processor markets, where it is a leader. The company earns more than 50% of its revenue from its Client Computing Group, which sells PC processors and mobile modems. The growth was driven by strong demand from commercial and gaming PC segments and 131% YoY growth in modem revenue, as Apple (AAPL) sourced all its modems for 2018 iPhones from Intel due to a legal spat with Qualcomm (QCOM).Tue, 18 Dec 2018 22:05:02 +0000Read more
What’s Hurting Oracle’s Revenue Growth?
Oracle’s revenue fell 0.3% YoY (year-over-year) in the quarter and was up 2% on a constant currency basis. The strong US dollar dented its revenue by $140 million in the period. In comparison, Oracle’s peer Microsoft (MSFT) beat its revenue estimate of $27.90 billion and reported revenue of $29.08 billion in the first quarter of fiscal 2019. During the second quarter of fiscal 2019, Oracle’s cloud license and on-premises license revenue of $1.2 billion topped Wall Street’s estimate of $1.19 billion but plunged 9% YoY.Tue, 18 Dec 2018 22:00:02 +0000Read more
Oracle Stock Is Up after Its Q2 2019 Earnings and Revenue Beats
Oracle stock rose nearly 5.40% in after-hours trading but closed at $45.73, a fall of 1.87%, on December 17. Oracle has surpassed analysts’ revenue expectations in ten of the last 17 straight quarters. Oracle stock has fallen ~3% in the past year as of December 17, whereas the S&P 500 Index has fallen ~5% in the same period.Tue, 18 Dec 2018 20:29:39 +0000Read more
Is Apple Car Coming? Its Latest Move Could Be a Hint!
In the last couple of months, the negativity surrounding Apple (AAPL) has gone up significantly. This negativity along with the broader market sell-off (QQQ) (VTI) has caused a steep drop in Apple stock lately. Apple’s ability and interest in the AI (artificial intelligence) area is no more a secret now.Tue, 18 Dec 2018 19:21:49 +0000Read more