Topic: Finance

Posts

By Terence Huynh on January 22nd, 2009

Apple’s earnings soar past expectations

Apple has said that its first-quarter earnings for this financial year were significantly higher than what analysts have said after a disappointing holiday season for many tech companies because of the economy, recording $10.2 billion in revenue, up from its last year’s result of $9.6 billion. For shareholders, this equals $1.78 per share in earnings, higher than the analysts predicted price of $1.39.

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By Terence Huynh on January 22nd, 2009

SEC reviews Apple response over Jobs’ health

Bloomberg is reporting that, according to a source “familiar” with the matter, that the US Securities and Exchange Commission is examining if Apple shareholders were misled from Apple’s response over its CEO’s, Steve Jobs, health; which has been a public matter since Jobs admitted that he had a “hormonal imbalance”.

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By Terence Huynh on January 1st, 2009

Dell execs leave as company restructures

logo62 In a major shakeup since founder Michael Dell returned to the no. 2 PC maker, two Dell executives have announced that they will leave the company as it undergoes a restructure. Mike Cannon, president of Global Operations, and Mark Jarvis, marketing chief, were brought in to help the company to regain it status as the no. 1 PC maker after falling behind rival HP.

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By Terence Huynh on December 16th, 2008

Telstra loses $12 billion after NBN bid failure

Telstra has lost more than $12 billion of its market value after the news of its National Broadband Network bid was rejected by the Government on Monday. According to The Australian, Telstra lost $9 billion on Monday, and lost an additional $3 billion when its shares fell 24 cents in early trading today. Afternoon trading didn’t help Telstra, as its shares lost 13c to close at $3.52, with the ASX200 slipping nearly 1 percent.

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