Steve Jobs’s return to Apple, investors and market trading
The return of Steve Jobs should have had a huge effect on Apple stocks, but it seems that investors had different ideas. When Jobs left on medical leave on January 14, Apple’s stock has risen 67 percent, when he returned yesterday, its stock fell 47 cents to $141.97. Read more
Acer vs Dell: PC sales chart
Acer’s ever growing dominance has apparently now moved them to second place in the worlds PC Sales Chart. This is the first time a non- US company has ever made it this high. This puts Dell under a lot of pressure and may be the reason that Dell seem to have adopted some of the same strategies that Acer have been thriving off.
Acer who are based in Taiwan have concentrated on supplying PCs, laptops and netbooks with a low retail price, moderate performance and sleek design, that said Acer do offer a wide range of high performance machines too, however this doesn’t seem to be what they have relied on to see this growth.
One of the major attributes to this recent growth is with the Acer Aspire One which is currently the best selling Netbook on the market, Acer now seem to be experimenting with expanding their hardware expertise to the smartphone market, this may be a way off yet but shows how they quickly adapt to the market. Check out the full artice on Engadget.
New BP Chairman Is Ericsson’s Svanberg
Carl-Henric Svanberg is to replace Peter Sutherland, as chairman at BP PLc. Svanberg will take up his role on Sept. 1, where he will join the board as chairman-designate; he will also become a non-executive director. Svanberg who was Ericsson’s AB Chief Executive Officer will stay on as CEO until he becomes BP chairman. Read more
Sony and Samsung gloomy earnings forecasts hits Asian economy
Asian electronics giants Sony and Samsung have been voicing their concerns and provided new evidence that the current global economy crisis is now feeding through to business and consumers. This gloomy forecast of earnings is having an adverse affect on the Asian stock market, plunging them down. Read more
Bill Gates new comapny bgC3 is a thinktank?
Bill Gates is now in the process of setting up a new company, as yet there are not many details but we do know that the company is called bgC3. The new company has been around since March, but the name has only been established a few months ago. Read more
Sony slashes annual profit forecast as Yen strengthens
Sony Corp. have slashed their annual profit forecast by 38 percent, the world’s second- largest maker of consumer electronics said that a stronger Yen and reduced value of their stocks were to blame.
Sony now forecast that their net for the Read more
IFAW pressures eBay to ban ivory sales
eBay have been under constant pressure from the IFAW to ban sales of ivory products on the internet auction site. For those of you who are sick enough to want ivory items which are elephant-derived product, then you will have to look elsewhere. Read more
Yahoos to cut 10 percent of staff as profits are down
Yahoo are to lay off at least 10 percent of its staff before the end of the year, following reports that the search engine giant’s third-quarter profits are down. This will form part of Yahoo’s $400 million cost cutting plan. Read more
Big Banks Fail Consumer Test: new financial service website
Mozo.com.au is a first of it’s kind financial service website that uses consumer generated content and live data feeds to compare and rate financial products and providers on everything from interest rates to customer service Read more
Financier Kirk Kerkorian sells Ford shares at a loss
Financier Kirk Kerkorian has sold his shares in Ford Motor Co.; this comes just six months after he purchased his shares. He is selling 7.3 million of his shares for just a small fraction of what he paid. Kerkorian sold the shares on Monday, for an average of $2.43. Read more
Ad Wars: Is it good for Apple and Microsoft to fight?
Apple for some time now have been attacking the PC, well Microsoft really on a number of TV ads. Microsoft has been slow to launch any ads attacking their rival, that was until a few weeks back, when they decided to launch their own ad. Read more
Circuit City bankruptcy worries: store closures and job cuts
One of the first areas to struggle when consumers have little money to spend is in the electronics industry, which is why Circuit City is now facing bankruptcy fears. Circuit City understands that they are in trouble, so are now considering closing 150 stores and to cut thousands of jobs. Read more
SanDisk Corp Part Sells to Toshiba
SanDisk Corp is to sell a 30% share of their manufacturing capacity to Toshiba Corp, in a deal that is worth $1 billion. This deal is a direct affect from the current downturn in the memory chip industry, the deal is hoped to offer a ray of hope to SanDisk. Read more
Late Nokia 5800 release: hurting company’s stock
Nokia has reported a poor third-quarter performance, as earnings were down 28 percent on the same quarter last year. The phone giant’s revenue also slipped down by 5 percent, as their share of the cell phone market slipped down further. Read more
Sony Blu-ray Sales: BVA show 396% increase
Blu-ray was embroiled in a format war with HD DVD, and it was the former that was victories. The new enemy for Sony’s Blu-ray was the state of the economy, as this would deter consumers from digging deep to part with the case to purchase a Blu-ray movies, as they are more expensive than a standard DVD. Read more
Google third-quarter earnings better than analyst forecasts
Google Inc. has posted their third-quarter earnings on Thursday, and they are better than analyst forecast. Many had predicted that profits would be lower, as the health of the online advertising market has not looked that good. Read more
Microsoft new takeover bid interest has affect on Yahoo shares
Yahoo Inc.’s shares have soared since Steve Ballmer, Microsoft Corp. Chief Executive raised the possibility of a renewed takeover bid. It seems that investors like the idea of a takeover deal from Microsoft. Read more
Jaguar Land Rover to cut 198 jobs from UK workforce
BREAKING NEWS: Jaguar Land Rover has announced that they are to cut 198 jobs from their workforce in the UK, the car manufacturer currently employs 15,000 in the UK. This news has come as a big blow to the auto industry. Read more
How does EBay’s auction business slow towards recession?
Some people may find it hard to believe that EBay’s auction business is slowing as we head towards a recession (or even in one), but that’s just what is happening according to Read more
Mazda not to open new U.S. factory: Ford to blame
Mazda are now scrapping their plan to open a new factory in the U.S., saying that poor sales and trouble with Ford were to blame. In a Reuters report, Mazda did state that they were not planning to expand the output in the U.S. in the first place. Read more