Monthly Archives: July 2013

Michael Dell and US private equity firm Silver Lake Partners have once again increased their offer for Dell Inc, to $13.75 a share. Shareholder voting for the deal now postponed a week until August 2.

The long drawn-out process has resembled a high-stakes poker game, with shareholders so far succeeding to extract higher offers from Mr Dell and Silver Lake. They, however, call this latest offer their “best and final proposal”.

Need a recap of the bidding war so far? Here’s a summary: Read more

Anyone who has surfed the web in places like Marrakech or Jakarta knows that internet speed in many developing countries leaves much to be desired.

But a report published this week by internet company Akamai shows that a good number of those countries are catching up.

 Read more

Facebook will report second quarter earnings on Wednesday, with Wall Street expecting $1.62bn in revenues and 14 cents earnings per share.

Analysts will be looking for signs of increased advertising spending among small businesses and in international markets, as growth from large US advertisers is believed to have levelled off. Read more

Richard Waters

CEO Tim Cook sought to dispel Wall Street’s worries about falling profit margins, as Apple reported a jump in sales of older iPhone models to the emerging world. He also tried to shrug off a surprise 43 per cent sequential drop in revenues from China as a one-quarter blip that would have no bearing on huge growth still to come there.

Our live blog of Apple’s third fiscal quarter earnings call as it unfolded is after the jump.

 

Sarah Mishkin

Alibaba, China’s ambitious internet conglomerate, has spread its reach from e-commerce to finance, and now to internet television. Read more

Tim Bradshaw

It is three months since Apple announced a whopping $100bn return of cash to investors, topping up its existing $45bn dividend plans with what it billed as the biggest share buyback scheme in American corporate history.

In the weeks that followed that announcement, Apple’s shares soared, finally emerging from the months-long funk that saw them dip below $400. But that rally went into reverse as soon as Apple paid its next dividend on May 9.  Read more

Example of a space selfie, from Planetary Resources' kickstarter page

More than 17,600 people have raised $1.5m for a space telescope Kickstarter campaign, with the majority to receive a picture of themselves from outside the Earth’s atmosphere, writes Connor Radnovich

Yes, a selfie from space.

Planetary Resources – the ambitious space mining company backed by Larry Page and Eric Schmidt of Google alongside other investors such as Ross Perot Jr, raised the money over a 33-day campaign. Read more

Just a few weeks ago, Foxconn was apologising profusely for poor performance as rival contract manufacturer Pegatron was riding high on reports that it had won out over Foxconn, Apple’s main manufacturer, for a contract to make Apple’s upcoming cheaper version of its iPhone.

Things have changed. Now it’s Pegatron’s shares that are falling, battered by local reports that it is will not get as many orders as initially forecast, with Foxconn getting them instead.

 Read more

Richard Waters

You’re wearing Google Glass. A stranger walks past in a T-shirt emblazoned with a QR code. Suddenly, your world changes: images you didn’t expect start appearing on the tiny Glass screen above your eye. It quickly becomes clear that someone has taken complete control of your eyewear. Read more

The most interesting nugget in Yahoo’s second-quarter earnings presentation is arguably not the web portal company’s own performance; but rather that of Alibaba, the Chinese ecommerce company in which Yahoo holds a 24 per cent stake.

With Alibaba gearing up for its highly anticipated initial public offering, the eye-popping numbers revealed on Tuesday by Yahoo are a must read for any potential investors.

 Read more