Technology News

Hewlett-Packard’s profit exceeds analysts’ estimates

Hewlett-Packard’s profit exceeds analysts’ estimates

Hewlett-Packard Co. said that its fiscal second-quarter profit surpassed estimates of analysts. This is attributable to corporate spending on servers raised before the company prepared of partition into two companies.

The company said that profit was 87 cents a share in the period that ended in April before certain items. According to data compiled by Bloomberg, analysts approximately had estimated 86 cents a share. Hewlett-Packard also said that it may take charges of $3 billion associated with restructuring and the separation over three years.

Chief executive officer Meg Whitman said that they performed well in a tough market environment and some of their businesses did very well.

Driverless Cars Get another Entrant - Uber Cabs

Driverless Cars Get another Entrant - Uber Cabs

Self-driving car efforts got yet another proponent with Uber’s test cars marked ‘Uber Advanced Technologies Center’ driving around the city, with Uber attempting to deploy a fleet of self-driving cars to eliminate the biggest cost: the actual drivers.

In a bid to offer economical and competitive prices, Uber is testing the autonomous car technology on the public roads of Pittsburgh, near its new research institute at Carnegie Mellon University, Center for Advanced Technologies (CAT).

Apple drops its plan to introduce television

Apple drops its plan to introduce television

Apple is not going to introduce an ultra-high-definition television as it thought over a year ago. According to the Wall Street Journal, this decision has been taken by the company as it could not find any gripping features in order to create such a product. According to reports, it was expected that the company was looking forward to launch a TV set with high-definition display in 2016.

Hackers are draining bank accounts through Starbucks’ mobile app

Hackers are draining bank accounts through Starbucks’ mobile app

Some Starbucks customers have had money taken out of the Starbucks mobile app by hackers with the help of a new attack. But, on Friday, the company said that it itself hasn’t been targeted.

The attack has first happened this week. It took advantage of a few things, including the Starbucks’ app auto-load function, consumers using same ID and password in multiple accounts, and the fact that Starbucks doesn’t seem to limit the number of password tries before it locks a customer’s account.

In 2014, Starbucks processed over $2 billion in mobile payment. Starbucks announced that at present approximately 18% of its transactions are made on the company’s app.

United In Its Bug Bounty Program Offers Air Miles as Reward to Researchers

United In Its Bug Bounty Program Offers Air Miles as Reward to Researchers

United Airlines has launched a bug bounty program which offers air miles as a reward for researchers who discover flaws in its web portals.

The Bug bounty programs are increasingly gaining popularity as incidents of cybercrime are increasing.

Companies such as Google and Facebook use these programs to let the third-parties and users to keep an eye on their systems and also former reward for disclosure to lure hackers away from selling the information on the black market.

United Airlines, however, has chosen to offer air miles, for the task, depending on the severity of the bug discovered instead of cash.

Driverless Cars to be a Reality This Summer

Driverless Cars to be a Reality This Summer

Technology takes a giant leap forward as the latest version of Google's self-driving car will debut on public roads this summer.

The two-seater driverless car needs no gas pedal or steering wheel and has to be recharged after every 80 miles. The car lacks air bags; it can't go more than 25 miles per hour and is not apt for a long ride. These cars have been assembled in suburban Detroit by Roush Industries and have the same array of radars, lasers and cameras as Google's Lexus SUVs.

Google informed that this prototype is the first vehicle built from scratch for the purpose of self-driving. It looks like a ‘Smart car’, with a shiny black bowler hat to hide its sensors, and it can drive, brake and recognize road hazards without human intervention.

General Electric Reveals Plans to Produce LED Light Compatible with Apple's Homekit Software

General Electric Reveals Plans to Produce LED Light Compatible with Apple's

An announcement has been made by General Electric (GE) about plans to produce an LED light compatible with Apple's HomeKit software.

The integration will include the capability to control the GE lights by Siri, Apple's voice-interface digital assistant. With help of GE's Align technology, the HomeKit-enabled bulbs will let users to align their lighting with their sleep cycles. Those who know about the app called f. lux are already aware of the benefits of utilizing blue lighting in the daytime and amber lighting at night.

People in Wilkes-Barre/Scranton area and surrounding counties use n-word in Google searches more often

People in Wilkes-Barre/Scranton area and surrounding counties use n-word

As per statistics compiled by a top data scientist, people in the Wilkes-Barre/Scranton area and surrounding counties make use of the n-word in Google searches more frequently as compared to the most areas of the US.

The Scranton/Wilkes-Barre media market was ranked 16th out of 196 nationwide for frequency of computer users looking for the word. The racial slur has been used more in online searches by residents of the media market excluding the Johnstown-Altoona media market, as per a study by a data scientist who collected the information for a 2013 report that how racial animus affected the presidential elections of Barack Obama.

Sony Forecasts Annual Profit below Analysts’ Estimates

Sony Forecasts Annual Profit below Analysts’ Estimates

Japanese consumer electronics maker Sony Corp said that it has predicted annual profit below the estimates of analysts. It is expected that operating income will increase more than fourfold to 320 billion yen in the year started April 1.

Chief Executive Officer Kazuo Hirai aims at decreasing costs and concentrating on profitability of the electronics major. The forecast for present year involves 35 billion yen in restructuring charges. Sony shares dropped 1.3% to 3,645 yen in Tokyo before the earnings were announced. The stock has rose 47% this year compared to 13% gain for the benchmark Topix index.

SAP reports decline in Net Profit in First-quarter

SAP reports decline in Net Profit in First-quarter

On Tuesday, the German multinational software corporation SAP AG announced a decline in net profit in first quarter from last year. The software maker reported that non-IFRS profit was higher. Revenue of the company rose more than 20%. In addition, the company's Cloud subscriptions and support business showed significant growth. According to reports, the results were helped by a cheaper euro.

SAP also backed its targets for the full year. The company also reported that profit registered 23% decline to about 414 million euros. Last year, it was about 534 million euros. The new results are based on the basis of International Financial Reporting Standards. The company reported that after tax, Non-IFRS profit climbed about 5% to 697 million euros.

European Union‘s Charges against Google will be a big mistake, say Analysts

European Union‘s Charges against Google will be a big mistake, say Analysts

According to reports, regulators of European Union could file formal charges against Internet company Google for alleged anti-competitive behavior. The charges could be filed on Wednesday, but as per some analysts, such a move could be a big mistake.

On Tuesday, some media reports stated that Margrethe Vestager, Competition Commissioner of European Union, was poised to make statement about Google. The company has been the subject of an antitrust investigation in the region. Critics of the Internet giant said that the company has been enjoying its leading position in the search engine industry. As per the European Commission, the company currently holds more than 90% of the market share.

SZ DJI Technology Co. eying valuation at US$10 billion

SZ DJI Technology Co. eying valuation at US$10 billion

The world's most innovative drone maker based in China, SZ DJI Technology Co., could be worth $10 billion.

The DJI Technology company is in the process to raise money from investors at a $10 billion valuation. The firm offers professional quality machines to consumers for around $1,000.

If it becomes successful to raise the money, its valuation would propel it into the ranks of elite tech startups. The drones of Shenzhen-based company are designed with four propellers and are easy for beginners to control.

Twitter shares rise by 4% amid rumors regarding its acquisition

Twitter shares rise by 4% amid rumors regarding its acquisition

After rumors of acquisition of social network Twitter, the company stock gained nearly 4%. Earlier also, it was said that Twitter could be a target for acquisition. Some talked about the acquisition of the company by Google.

Twitter stock has gained over 46% for the year so far, moving slowly close to a 51-week high for the tech company.

On Tuesday, many shares of the company were trading hands on, and a volume of 30 million shares has been registered compared to the average of 18 million shares per day.

This year, there are options for growth of Twitter stock for April month. It has been suggested by the CBOE that Twitter is one of the firms whose options were increasing in volume in Tuesday market.

Samsung Posts Strong Quarterly Profit

Samsung Posts Market-Beating Quarterly Profit

Samsung Electronics on Tuesday posted a strong quarterly profit on growing demand for memory chips and displays. The tech giant in a regulatory filing said that its operating profit increased 11.5 % quarter-on-quarter to 5.9 trillion won ($5.44 billion) in the January-March period. The profit represented a 30.5% drop from a year earlier.

The first-quarterly operating profit of the company was far above the median market forecast of 5.47 trillion won among South Korea's 21 brokerage houses.

Total sales at Samsung were estimated to be at 47 trillion won from the period of January to March. Sales were 12.44% less from a year earlier and were down 10.87% from the previous three-month period.

Pinterest Turns Five

Pinterest Turns Five

Pinterest, the web and mobile application company, last week celebrated its fifth anniversary. In its short five years of life so far, Pinterest has become a hub where the brides-to-be create their wish boards and do-it-yourself home renovators bookmark shiny turquoise tiles for bathrooms.

The website has offered a new way of searching for items. Users can upload, save, sort, and manage images, known as pins, including other media content.

It acts as a personalized media platform, where users can browse the content of others on the main page.

The San Francisco-based venture capital was recently valued at $11 billion. Although the websites core audience has always been female, but Pinterest says its popularity is growing faster than ever among men.

Verizon CEO wants Congress to play more active role in setting Internet Policy

Verizon CEO wants Congress to play more active role in setting Internet Policy

The long-simmering opposition for the Federal Communication Commission's recently adopted rules for the protection of Net neutrality has intensified.

Verizon CEO Lowell McAdam, in a strongly worded three-page letter, has addressed to the congressional committee leaders with jurisdiction over the FCC. He has urged Congress to play a more active role in setting policy for the Internet.

McAdam said, "The FCC went far beyond open Internet rules, engaging in a radical and risky experiment to change the very policy that resulted in the United States leading the world in the Internet economy".

Huawei Net Profit increases by 32.7% in 2014

Huawei Net Profit increases by 32.7% in 2014

Huawei Technologies Ltd., one of the world's biggest makers of telecommunications equipment, said on Tuesday that its profit for 2014 grew 32.7%.

The Chinese multinational also reported a net profit of $4.5 billion. Revenue of the company rose 20.6% to $ 46.5 billion last year.

The Shenzhen-based company its sales are expected to grow by 10% for the next three to five years, as it continues to expand internationally.

In total its China sales grew 31.5% to 108.9 billion yuan, or 37.8% of its revenues. On the other hand its sales in Europe Middle east and Africa increased 35% to 101 billion yuan.

Chief Executive Ren Zhengfei in January at the World Economic Forum in Davos said that the company is looking forward to Europe for future growth.

Philips to Sell 80.1% Stake in Lighting Components Division to Go Scale Capital

Philips to Sell 80.1% Stake in Lighting Components Division to Go Scale Capital

Philips, the Netherlands-based consumer electronics firm, said on Tuesday that it has finally decided to sell an 80.1% stake in the lighting components division for $2.8 billion to Go Scale Capital.

Go Scale Capital is a new investment fund that focuses on LEDs and electric car battery technology.

Amsterdam-headquartered company said that the deal values the subsidiary, which comprises an automotive light unit and Philips' 'Lumileds' LED business, at $3.3 billion in cash and debt.

This division of the company reported a profit of nearly 141 million euros in 2014 on sales of 1.42 billion.

Go Scale, which also has other investments in LEDs and electric car battery technology, said in a statement that it aims at expanding the businesses of using LEDs in cars.

FTC defends Decision not to Pursue Competition Charges against Google

FTC defends Decision not to Pursue Competition Charges against Google

President Barack Obama and Google top-notch officials were meeting on regular basis, revealed visitor logs. As per the logs, Google officials have met White House officers once a week for the last four years.

Since the time President Obama was first elected, high-profile search giant staff including Chairman Eric Schmidt has met with President Barack Obama's White House 230 terms, revealed the log obtained by the Wall Street Journal.

Bill Gates comments on Steve Jobs

Bill Gates comments on Steve Jobs

The new Steve Jobs autobiographical book 'Becoming Steve Jobs' tells about Microsoft founder Bill Gates' opinions regarding Jobs. Gates has admired Jobs and showed a lot of respect for him. However, he still spoke about the intellect of Jobs, and also the mistakes committed by him. Gates also spoke about Jobs's showmanship.

According to Gates, "I was never in his league. I mean, it was just amazing to see how precisely he would rehearse. And if he's about to go onstage, and his support people don't have the things right, you know, he is really, really, tough on them".




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