Intel has yet to play a major role in the exploding tablet and smartphone spaces, but the Web traffic generated by these devices is fueling strong growth in its enterprise server business. – Intel is yet to be much of a player in the booming tablet and smartphone
spaces, a concern for industry observers in the long term. However, for now the
burgeoning markets are helping drive demand in some of Intel’s traditional
businesses, and company executives continue to promise a strong prese…
Software outsourcing companies and offshore software development firms are on the rise as every day there are more and more developers available at cost-effective prices.
Trade Minister Slobodan Milosavljević says the inflation in Serbia will be lower in 2011, compared to last year. He believes that this will mean somewhat better purchasing power for consumers.
IIFL says Singapore banks are the cheapest in the Asean region with 1.2x-1.6x forward P/B, 10x-12x forward P/E and dividend yield of 4%-5% after they underperformed their regional peers this year.
The house says such underperformance was mainly due to the overhang of NIM contraction, as Sibor declined by 24 bps during 2010 to a 23-year low.
RIM, under siege from the Apple iPhone and Android-based smartphones, had record BlackBerry sales in the third quarter and a 40 percent jump in revenues. – Research In Motion, in a frantic fight to keep its BlackBerry sales
strong in the face of fierce competition from Apples iPhones and
smartphones based on Googles Android operating system, announced
strong third-quarter financial numbers Dec. 16, ahead of analyst
expectations.
Fueled by such dev…
Android handsets now handily outsell BlackBerry smartphones
at Verizon, says ITG Investment Research. With an iPhone likely, things for RIM may worsen. –
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Motions BlackBerry smartphones are no longer Verizon
Wireless best-selling devices. That distinction now belongs to its Android-running
handsets …
More than 300,000 Google Android phones are being switched on each day, according to a tweet from Android creator Andy Rubin. Let’s see what Steve Jobs has to say about that. – Google Android creator Andy Rubin said Dec. 8 that there are now 300,000
Android phones being activated each day.
The stat, which Rubin delivered via this rare tweet
late Wednesday, came two days after he reiterated at D: Dive into Mobile that
Google was seeing more than 200,000 activations of …
The market brought in revenues of $3.1 billion, which also amounted to a 6.3 percent increase from the second quarter in 2010. – The worldwide storage software market showed another healthy gain in
the third quarter of 2010, with 8.7 percent growth over the same period
a year ago, researcher IDC reported Dec. 7.
The researcher in its Worldwide Quarterly Storage Software Tracker said
the market brought in revenues of $3….
It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
“China continues to play a very important role but we do see Africa as up and coming,” Ng Joo Siang told Reuters in an interview.
Despite first-quarter jumps in revenues and profits, Cisco faced questions from analysts over missed sales projections and a lukewarm forecast. – Cisco Systems saw revenues and profits jump significantly in its fiscal 2011
first quarter. The company saw gains in collaboration, video and the data
center, all areas Cisco executives have targeted as important growth markets,
and hired another 1,900 people during the three months that ended Oc…
GMG Global, which is 51-percent owned by China’s state firm Sinochem International (600500.SS), expects its annual production to increase to 150,000 tonnes a year by 2012, up from 100,000 tonnes this year.
Golden Agri-Resources has recorded a 41% year-on-year increase in net profit to US$99 million ($127 million) for the third quarter ending Sept 30 (3Q2010).
Revenue rose 43% to $965 million from $673 million in the same period.
Golden Agri-Resources says it achieved strong recovery in its palm products output for 3Q 2010 by 21% to 608,000 tonnes from 503,000 tonnes in the previous quarter, resulting in year-to- date performance of 1.56 million tonnes.
BBR Holdings, the specialist engineering group, says profit after tax grew 19% y-o-y to $3.5 million for the three months to 30 September 2010 (3Q10) from $3 million in 3Q09.
BBR has three core business activities, namely General Construction, Specialised Engineering and Property Development.
Asia Enterprises Holding, the regional distributor of steel products to industrial end-users, today reported that the group posted a net profit of $1.1 million for the three months ended 30 September 2010 (3Q10), 63% lower than the same period in the last financial year, as revenue fell 45% year-on-year to $23.5 million due to a broad-based decline in orders from customers in various industries.
Asia Enterprises Holding, the regional distributor of steel products to industrial end-users, today reported that the group posted a net profit of $1.1 million for the three months ended 30 September 2010 (3Q10), 63% lower than the same period in the last financial year, as revenue fell 45% year-on-year to $23.5 million due to a broad-based decline in orders from customers in various industries.
ISLAMABAD – Reiterating his resolve not to dissolve the National Assembly in any condition, Prime Minister Syed Yousuf Raza Gilani on Tuesday came down hard on PML-N and challenged it to contest local government elections if it wanted to check its support in public.
“Those who demand midterm elections should first go for local government elections. There are two ways to go for midterm. First to dissolve the Assembly and the other option is the imposition of martial law.
I will not dissolve the Assembly while Army is sincere and a pro-democracy force and will not impose martial law”, the Premier said in the National Assembly while responding to PML-N MNA Hanif Abbasi’s remarks on midterm elections in the country.
The PM said that the protection of National Assembly was their responsibility and he would protect it at any cost. Gilani said that he had made an offer to sit together and discuss issues with regard to the Charter of Pakistan. “We are willing to seek your guidance for the improvement.”
Earlier, MNA Hanif Abbasi said that corruption, inflation and unemployment in the country were on the rise. If the situation does not change, then there should be midterm elections in 2011, Abbasi said.
PPP MNA and former Minister for Information and Broadcasting Sherry Rehman on the point of order demanded of her own government to condemn the rally in front of her residence in Karachi. “Number of PPP workers had surrounded my house and chanted slogans against me. My party should condemn it otherwise it will be taken as PPP had conceded it,” she said.
Another PPP legislator Yousuf Talpur rejected the Prime MinisterÂ’s statement on the other day that nationalisation policy of Zulfikar Ali Bhutto was a blunder and said that they would not tolerate any statement against their leader.
PML-Q MNA Marvi Memon said that how will the government allow US officials to sit in ministries for accountability of Kerry Logar Act while questioned that what role the government was playing after the news published in TheNation under title “UNHR Council skips discussion on IHK”.
Meanwhile, MQM staged a token walkout from the proceedings of the Lower House against the hike in petroleum products. Senior leader of MQM Waseem Akhtar said that the nation was already hit by the flood and terrorism and it was a time to give them relief in stead of adding more burden on their weak shoulders.
The House also discussed the spread of disease caused by emission of radiation waves from mobile telephone towers installed in the populated areas and the rapid increase in the ratio of poverty in the country.
Concluding the discussion and a calling attention notice, Minister of State for Finance and Economic Affairs Hina Rabbani Khar said that the government has embarked upon tax reforms programme to increase revenue generation.
She said that due to efforts made by the government direct tax collection has been increased from 33 percent in 2008 to 42 percent in the current financial year.
She said that the FBR collected direct tax of 527 billion rupees during the last financial year and the tax payment ratio of salaried persons in this amount was only 30 billion rupees that showed that direct tax culture was being promoted.
The Minister said that the government paid 216 billion rupees circular debt to the IPPs during 2009 and also provided additional Rs90 billion in this regard this year to ensure power generation through the private sector.
Yoon said the Asia headcount will make up as much as 25% of the total in the same time, up from 12% at present.
