SGI's quarter smashed by Europe woes
SGI said it will restructure its European operations after a major shortfall in its fiscal second quarter.
SGI said it will restructure its European operations after a major shortfall in its fiscal second quarter.
AMD fumbled the Barcelona launch, lost $1.77 billion in its fourth quarter and has a bandwagon of doubters.
The value of global transactions on the go will jump from $162 billion in 2010 to nearly a $1 trillion by 2014, according to research firm Yankee Group.
For 2012, Zynga said "we expect that growth will be weighted towards the back-half of the year with slower sequential growth in the first half of the year."
Rackspace's quarter was in line with expectations as the hosting and cloud services company continued to add customers. The Rackspace results complete a trio of reports from data center hosting companies. Equinix and Savvis also reported this week.
T. Boone Pickens reportedly dumped his 10 million shares and ripped Yahoo management for its dealings with Microsoft.
Best Buy on Tuesday reported earnings of $158 million, or 37 cents a share, down 22 percent from a year ago. Wall Street was expecting earnings of 42 cents a share. Revenue was up 12 percent to $11 billion, which was ahead of Wall Street estimates calling for sales of $10.78 billion.
Adobe made a big splash with its $1.8 billion acquisition of Web analytics company Omniture. However, the logic behind the deal isn't exactly obvious.
Qualcomm and Citrix are upbeat about their prospects in 2011. Symantec also reported solid results.
Yahoo on Monday filed its shareholder pitch with the Securities and Exchange Commission as its proxy fight with activist investor Carl Icahn gathers steam. Much of the presentation was designed to "correct the record" on everything from the company's compensation plan to how the Microsoft bid went down.