Summary Box: Intel raises 3rd-quarter sales outlook, citing improved demandAugust 28th, 2009 Summary Box: Intel raises sales forecastCHIPS UP: Intel Corp. raised its third-quarter revenue forecast.
Infosys revises rupee guidance marginally for fiscalJanuary 12th, 2009 BANGALORE - Further depreciation of the Indian rupee during the third quarter (October-December) has forced Infosys Technologies Ltd. to marginally revise upwards its revenue guidance for this fiscal (2008-09) under the Indian accounting system and downwards under the new international financial reporting standards (IFRS).
Intel raises 3rd-quarter sales outlook, citing improved demand for its productsAugust 28th, 2009 Intel raises revenue forecast for current quarterNEW YORK — Intel Corp. raised its third-quarter revenue forecast above Wall Street's expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the world's biggest technology companies.
Intel raises 3rd-quarter sales outlook, citing improved demand; its shares jumpAugust 28th, 2009 Intel raises sales forecast; shares jump 4 percentNEW YORK — Intel Corp. raised its third-quarter revenue forecast above Wall Street's expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the world's biggest technology companies.
Coach, Dow Chemical, RPM International, PetSmart, are among big market movers MondayOctober 5th, 2009 Coach, Dow Chemical, RPM International big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange:
NYSE:
Coach Inc., up $1.17 at $32.25
Coach is suing low-price retailer Target Corp. over bags the luxury handbag maker says too closely resemble its own designs.
IBM raises guidance, profit blows past forecasts; sales fall shortJuly 16th, 2009 IBM raises guidance, profit blows past forecastsSAN FRANCISCO — IBM Corp. blew away second-quarter profit projections and jacked up its full-year earnings forecast Thursday, a rare sign of confidence from a major corporation amid the recession.
Wipro net profit up 18 percent, but Q4 guidance loweredJanuary 20th, 2009 BANGALORE - Wipro Ltd posted net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09) as against Rs.8.54 billion (Rs. 8,540 crore) in the same period last fiscal, registering 18 percent year-on-year (YoY) growth under the Indian accounting system.
Infosys beats expectations; ups forecast on weaker rupeeJanuary 12th, 2009 BANGALORE - India's second largest IT bellwether Infosys Technologies Tuesday posted a net profit of Rs.16.41 billion (approx $335.5 million/Rs.1,641 crore) for the third quarter of this fiscal (2008-09), registering 33 percent year-on-year (YoY) growth and 14.6 percent sequentially as per the Indian accounting system. Under the international financial reporting standards (IFRS), the net income for the October-December quarter under review (Q3) is $330 million as against $310 million in the same period a year ago, a modest growth of 6.5 percent YoY.
Longtop Financial posts 38 percent jump in 1st-quarter profit, raises full-year guidanceAugust 19th, 2009 Longtop Financial's 1Q profit jumps 38 percentChinese financial software developer Longtop Financial Technologies Ltd. said Tuesday its fiscal first-quarter profit rose nearly 38 percent on growing demand across its customer base, and boosted its revenue and profit expectations for the full fiscal year.
Dell policy formalizes ban on exporting broken electronics and parts to developing countriesMay 12th, 2009 Dell bans e-waste export to developing countriesSEATTLE — PC maker Dell Inc. is formally banning the export of broken computers, monitors and parts to developing countries.
Dell, Intel, Tiffany, AIG, Marvell Technology, E-Trade are among big market movers FridayAugust 28th, 2009 Dell, Intel, Tiffany, AIG are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
J. Crew Group Inc., up $1.97 at $34.73
The clothing retailer
Intel says revenue in current quarter could be higher than previously forecastAugust 28th, 2009 Intel raises revenue estimate for current quarterSANTA CLARA, Calif. — Intel Corp.
Obama's cyberdefence plan raises privacy concernsJune 13th, 2009 NEW YORK - President Barack Obama's plan to create a new Pentagon cyber command to protect the US from cyber attacks is raising significant privacy and diplomatic concerns. Unveiling the new cyberdefense strategy, Obama had said: "The cybersecurity effort will not - I repeat, will not - include monitoring private sector networks or Internet traffic." But senior Pentagon and military officials say that Obama's assurances may be difficult to guarantee in practice, particularly in trying to monitor the thousands of daily attacks on security systems in the United States, that have set off a race to develop better cyberweapons, New York Times reports.
Goldman Sachs raises 2010 IT spending view, predicts double-digit online ad growth next yearSeptember 21st, 2009 Goldman Sachs raises 2010 outlook for IT spendingSAN FRANCISCO — Goldman Sachs increased its 2010 outlook for global information technology spending on Monday and also predicted online advertising will return to double-digit growth next year. In a note to clients, the investment bank raised its IT spending forecast to 4 percent growth from 2 percent, citing improvements in macro indicators like gross domestic product and corporate profits.
MySpace to cut 300 international positions, close at least 4 offices outside the USJune 23rd, 2009 MySpace to cut 300 international positionsLOS ANGELES — Social-networking site MySpace said Tuesday that it will cut 300 international positions and close at least four offices outside the U.S. as it looks to cut costs and narrow its territory coverage.
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