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Technology News

Cisco beats profit estimates, adds US$15 billion to buyback
Network equipment maker Cisco Systems Inc reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added US$15 billion to its share buyback program.
Posted on 2-10-2016 at 5:37 PM
Twitter user growth stalls in fourth quarter
Twitter said in a filing it had 320 million average monthly active users in the quarter, unchanged from the third quarter and lagging a forecast for 323 million users from RBC Capital Markets
Posted on 2-10-2016 at 4:57 PM
Twitter results need to wow to reassure investors
When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery.
Posted on 2-10-2016 at 1:30 PM
BlackBerry announces layoffs in Waterloo and Florida
BlackBerry Ltd. is laying off “a small number” of employees at its Waterloo headquarters and 75 in Florida, as it continues the comeback plan plotted by CEO John Chen.
Posted on 2-05-2016 at 2:30 PM
Baazov lines up advisors for Amaya bid: Sources
Amaya Gaming CEO David Baazov has hired Deutsche Bank and Goldman Sachs to advise on his intention to attempt a private takeover of the company he leads and founded, according to three sources familiar with the matter.
Posted on 2-05-2016 at 1:59 PM
LinkedIn loses nearly US$9-billion of market value as weak forecast spooks investors
LinkedIn Corp’s shares plunged about 35 per cent on Friday, wiping out nearly US$9-billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations.
Posted on 2-05-2016 at 11:19 AM
Amaya bidder needs to raise the stakes, shareholder tells BNN
Amaya Gaming shares surged to a one-month high on Monday after CEO David Baazov disclosed he’s working on a plan to buy the company he founded for approximately $21 per share. But one of the company’s top shareholders told BNN there’s “no chance” of a deal at that price.
Posted on 2-01-2016 at 12:27 PM
Alphabet to give first peek at cost of 'moonshot' bets
How much is Google-parent Alphabet Inc spending on "moonshots" – self-driving cars, glucose-monitoring contact lenses, Internet balloons and other ambitious projects?
Posted on 2-01-2016 at 11:10 AM

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