Thanks largely to its vSphere platform, VMware reported sharply improved quarterly and fiscal-year revenue and profits. – VMware with a boost from
the release of several products in 2010 continues to ride high on the
data-center-virtualization and cloud-computing wave.
Thanks largely to sales and services connected with its popular vSphere
platform, the Palo Alto, Calif.-based world virtualization market leader on
…
China-based shipbuilder’s net profit at RMB22.5 million vs RMB1.6 million year earlier as revenue more than doubles to RMB641.0 million, aided by commencement of operation at new yard.
Shares of Singapore construction firm OKP Holdings <OKPH.SI> rose as much as 21 percent in early trade on Friday after a local brokerage initiated coverage on the firm with a $0.70 target price.
At 10:10 a.m., OKP shares were trading at $0.545 on a volume of 7.7 million shares.
"The rise in share price is due to the report," said a local trader.
DBS Vickers said OKP is a beneficiary of steady investments in public transport infrastructure projects in Singapore with a net order book of more than $200 million.
The brokerage added that it expected a steady compound annual growth rate (CAGR) of 12% for the firm’s 2009-2011 financial years.
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News Analysis: The weak U.S. economy and more stringent scrutiny from an often hostile immigration bureaucracy has caused a sharp increase in the number of unused H-1B work visa slots. – The flagging U.S. economy is a major reason why nearly 40,000 H-1B visa application slots are currently unused, and an
additional 9,000 slots in the Masters Exemption program are still open.
This is a significant drop in applications from previous
years, according to immigration attorney Kellie …
Mobile device maker Palm warns that its revenue for the current quarter will fall far below analyst estimates and reports a net loss of $22 million, or 13 cents a share, for its third fiscal quarter. Palm executives say fourth-quarter revenue will be less than $150 million as a result of slow sales of the company’s smartphone models.
– NEW YORK (Reuters) Palm Inc. warned that revenue for the current quarter
would be far below Wall Street’s expectations, after tepid demand for its
smartphones left wireless carriers with piles of excess inventory.
The company’s shares fell 14 percent in after-hours trade on Thursday.
Palm’s stoc…
Microsoft felt the effects of the global recession, including declines in the PC and server markets, as its earnings declined 17 percent from the same quarter in 2008. Although Microsoft came in below Wall Street Estimates with $13.10 billion in quarterly revenue, it can look forward to a possible earnings bump later in 2009 with the release of Windows 7 and Windows Server 2008.
–
Microsoft took a hit to it earnings during its fourth financial quarter of 2009,
reporting a 17 percent decline in year-over-year revenue. Overall, Microsoft earned $13.10 billion for the quarter,
coming in more than $1 billion below Wall Street estimates.
Although Microsoft hit several tech…
