Dropbox beat expectations but saw stock slide

Dropbox dropping On Thursday, Dropbox gave their quarterly report, delivering figures of revenue and earnings that beat expectations. However, shares still dropped for the tech company. In fact, on Friday, Dropbox’s stock dropped almost eight percent and COO Dennis Woodside announced that he will be stepping down. JMP Securities Analyst Greg McDowell explains that the […]
  • Ben Norman
  • August 10, 2018
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Amazon beats Q2 expectations

Amazon continues to dominate Amazon exceeded investors’ expectations in the second quarter, causing their stock to jump almost four percent on Thursday. In fact, Amazon more than doubled analysts’ forecasts last quarter. They posted a $2.5 billion profit, $52.9 billion in revenue, and $5.07 per share. In fact, there’s a chance that Amazon might double […]
  • Ben Norman
  • July 27, 2018
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Atos acquires Syntel in IT-merger

Atos expands to US market French IT firm Atos acquired US IT firm Syntel this weekend, a deal worth $3.4 billion. The deal will give Atos exposure to US firms and better equip the company with knowledge about certain aspects of the IT industry. Syntel has expertise in cloud services, social media and mobile analytics, […]
  • Ben Norman
  • July 23, 2018
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Microsoft has first $100 billion year

Microsoft sales on Cloud Nine Microsoft announced Thursday that it raked in $110 billion in the 2018 fiscal year – the first time it’s eclipsed $100 billion in the history of the company. The milestone largely stems from the tech giant’s investment in its cloud business. Their commercial cloud arm pulled in almost $7 billion […]
  • Ben Norman
  • July 20, 2018
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Pacific Crest Lowers Amazon Rating

Pacific Crest lowered the stock rating of Amazon from overweight to weight after this week of trading. They believe the well-performing internet company has reached a peak and they are expecting a slow in gains. In the past 12 months, Amazon’s stock raised 53 percent with 22.5 percent in 2017. The S&P 500 only had […]
  • Gray Phillips
  • April 29, 2017
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Amazon’s Revenue Falls Short of Fourth Quarter Estimates

Amazon’s fourth-quarter earnings on Thursday beat analyst expectations, but its revenue fell short of estimates. Holiday season sales did not bring in expected revenue, as Reuters estimated the company would earn $44.68 billion in revenue, while it actually earned $43.74 billion. Amazon has invested heavily in infrastructure and projects to meet soaring consumer demands as online […]
  • Anahit Moumjian
  • February 5, 2017
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D-Wave Selling $15 Million Quantum Computer

Canadian-based company D-Wave Systems is now selling a 10-foot tall quantum computer valued at $15 million. The computer, called the D-Wave 2000Q, runs on 2000 qubits. This computer comes as a successor to the previous 1000Q model, which had half the number of qubits. The chip processor is roughly the size of a thumbnail. Most […]
  • Anahit Moumjian
  • January 26, 2017
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Sling TV Cloud DVR Needs Beta Testers

Starting in December, Sling TV is going to be offering a DVR cloud-based service for its users. The new DVR service promises users the ability to record up to 100 hours of television shows, movies, and full seasons of TV series. Users will also be able to record multiple shows simultaneously, but not all channels will […]
  • Sharnita Sanders
  • November 30, 2016
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Acer to Launch Cloud Storage System

You’re probably pretty familiar with the term BYOB. But how about BYOC. That stands for Build Your Own Cloud, and it is computer manufacturer Acer’s new heading for their budding cloud storage system. Seen as direct competition against Amazon and Google’s already existent cloud systems, Acer is trying to push past its limits as only […]
  • Ben Feinstein
  • May 30, 2014
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