Bread, a startup that launched back in 2011 offering URL-shortening with a side order of monetization, has announced an acquisition by Yahoo. Such a move comes at a time when the startup was reportedly low on funds and actively pursuing a buyout from a bigger company, and brings with it a 30-day deadline to transition […]
Calculating out a tip can be achieved using an app or by breaking out your handset’s calculator, but neither is quite as simple as asking your phone how much the tip on your bill should be and having the answer appear. Such is perhaps the inspiration behind the latest Google Search app update, which adds […]
Much in the same way his users seek privacy on the world’s most popular social network, Mark Zuckerberg has made a hefty financial investment in a bid to retain privacy in his Palo Alto neighborhood. The well-off Facebook founder has reportedly bought four houses surrounding his own in the California neighborhood after news of a […]
As exiting CEO of Microsoft Steve Ballmer steps down from his post as most electrifying man to present a product onstage, he also sends out a more solemn letter to the shareholders of the company. Here in the final 2013 Fiscal Year annual report, Ballmer makes the case for the change of Microsoft to a […]
BlackBerry has been under a preliminary agreement with Fairfax Financial Holdings, its biggest shareholder, but is reportedly entertaining a backup plan in case the current bid falls through. The information comes from sources who spoke to Reuters, claiming that Google, Cisco, Intel, SAP, LG, and Samsung are all considering potential bids for BlackBerry or parts […]
Samsung has revealed its estimated third quarter earnings, showing a record profit that beat analysts estimates. The final numbers won’t be in until later this month, but the preliminary numbers show that the operating profit will fall between 9.9 trillion won and 10.3 trillion won, while the sales numbers are higher at 58 trillion won […]
Sega, which was hit with a lawsuit in May over false advertisement for the game Aliens: Colonial Marines, has confirmed that it has laid off some of its employees in the United States, though specifics — namely, the number of employees who were let go — hasn’t been specified. Such a move comes a handful […]
Bill Gates could have an interesting future ahead of him at Microsoft, if claims made by sources who spoke to Reuters are true. Said “people familiar with the matter”, three of the top twenty investors at Microsoft are lobbying the company’s board to have Bill Gates step down from his position as Microsoft’s chairman. Though […]
A government shut down has been warned as possibly taking place tomorrow in light of budget agreement troubles within Congress. If such a shut down does take place, a myriad of individuals and agencies will feel the effects, not the least of which is NASA. On Friday, the space agency detailed plans it has in […]
BlackBerry has just reported a $935 million hit in Q2 due entirely to what it’s calling a “Z10 Inventory Charge” — in other words, a loss associated with creating a stock of flagship handsets that subsequently failed to sell. Echoing Microsoft’s catastrophic write-down due to unsold Surface RT inventory, this single loss was enough to wipe out much of the company’s quarterly revenue of $1.6 billion. When added to a further loss due to corporate restructuring, it resulted in a final GAAP loss for BlackBerry of $965 million. It’s hard to gauge exactly how many of the newer BB 10 handsets (namely the Z10 and Q10) sold during the quarter, but BlackBerry admits that “most” of the 3.7 million units that reached end users were older BlackBerry 7 devices, so the figures can’t be pretty. For his part, Thorsten Heins says he’s “very disappointed” with the results, but he claims the company saw growth in enterprise server (BES 10) customers and he insists there’s still a future in that side of the business — a future that could soon belong to someone else.
Filed under: Cellphones, Mobile, Blackberry
Source: MarketWired
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