Verizon had it going on in the first quarter of 2012. Solid performance in both wireless and wireline business segments led to a consolidated double-digit percentage growth in year-over-year quarterly earnings results, a 4.6 percent leap in year-over-year quarterly revenue growth to $28.2 billion, and $6 billion in cash flow from operating activities, up $922 million compared with the same quarter in 2011.
AOL today entered into a definitive agreement to sell more than 800 patents outright to Microsoft and grant an additional 300 non-exclusive patents and patent applications to the Redmond software giant for $1.056 billion. A "significant" portion of the money raised will go to shareholders, AOL announced.
It really wasn't all that long ago when HTC was on top of the world. HTC was the goose that only laid golden eggs, again and again and again. And now? Competition in the Android market is fierce, more than ever before, with the likes of Samsung and Motorola throwing their weight around. As a result, HTC saw its net profit slide 70 percent during the company's first fiscal quarter of the new year.
Like Mark Twain's false death report (before he actually died), Research In Motion insists that the media has it all wrong and that supposed plans to exit the consumer market have been greatly exaggerated. The confusion came after RIM CEO Thorstein Heins addressed a shaky financial report in which the company reported a loss of $125 million for the quarter ending March 3, 2012.
Coming out of left field (from a 'fowl' hit? *groan*) is Rovio Entertainment's announcement that it has acquired Futuremark Games Studio, the gaming arm of benchmarking software developer Futuremark. Rovio, of course, is the developer behind the hugely popular Angry Birds franchise, which was just recently launched into space in the latest multi-platform installment, Angry Birds Space.
It was being reported last week that Micron Technology issued a bid of $1.5 billion to take over Elpida Memory, which had fallen on tough times after a prolonged slump in the DRAM market, and it now appears as though Micron is the frontrunner to acquire the bankrupt memory maker. Toshiba and Globalfoundries were two other names that had been thrown around as potential suitors, but either they didn't bid, or they were outbid by Micron.
Without the benefit of a merger with AT&T and even after receiving a big time breakup fee in the neighborhood of $4 billion, T-Mobile is finding it difficult to forge ahead with business as usual. T-Mobile, currently the fourth largest carrier in the U.S. behind Verizon, AT&T, and Sprint, reportedly plans to shut down several call centers and reduce its workforce by 1,900 as the wireless carrier attempts to cut costs.
Hewlett-Packard today announced that it's shaking things up in a big way. As part of what the company calls an "organizational realignment," HP has decided to combine its Imaging and Printing Group (IPG) and its Personal Systems Group, or printer and PC businesses, into a single entity. At the same time, executive vice president of IPG, Vyomesh Joshi, is calling it quits after serving 31 years with the company.
It's the beginning of a new week and what better way to kick off the humdrum of another Monday than with a juicy rumor? As the latest chatter goes, CNN is apparently really, really close to acquiring the social media news site Mashable for a cool $200 million, perhaps more, and could make an official announcement about the takeover as early as tomorrow.
Well known game developer Peter Molyneux is leaving Lionhead Studios, which he founded 15 years ago in 1997, and is also walking away from his position as Creative Director of Microsoft Game Studios, Europe. He plans to walk away from both companies as soon as Fable: The Journey for the Kinect is finished in order to found a new company called 22 Cans.
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