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Samsung SUHD 5K TVs

Phones exploding in kids' hands, shares tanking – but it's not all good news at Samsung

Samsung is continuing to take a beating in the market as it staggers from the global recall of its Galaxy Note 7 handset. The Korean consumer electronics giant saw its stock price plummet 6.98 per cent on Monday to 1.46m Korean won per share. This resulted in roughly $15.9bn of value trimmed from Samsung's market cap on the …
Shaun Nichols, 12 Sep 2016
4 arrows signs in arrow on wooden wall

Apple goes to crapple in stock plunge kerfaffle: $113bn wiped off in days

Peak Apple Apple is in the midst of a stock drop that has caused the Cupertino giant to lose as much as $113bn in market cap. Since posting its last quarterly numbers, Apple (Nasdaq:AAPL) has seen its stock price drop from $125.22 per share to a low point of $112.10. Wary that Apple's meteoric growth from recent years is slowing down as …
Shaun Nichols, 5 Aug 2015
Yelp search

Yelp whelps yelp 'Help!' Chairman ejects, shares plunge 30%, losses grow

Yelp is in full crisis mode as the upstart's chairman is out – and its stock continues to free fall. The reviews website, headquartered in San Francisco's startup land, announced on Wednesday that a modest $2.7m profit in the second quarter of 2014 had turned into a loss of $1.3m in the second quarter of 2015. This is despite …
Shaun Nichols, 29 Jul 2015
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months …
Paul Kunert, 19 Jun 2015
Fitbit

Strapping strap-on chaps strap in to tap that vat of greenbacks

Health-monitoring wearables maker Fitbit has set the price for its initial public offering (IPO) at US$20 per share. Fitbit said that, on Thursday, it will put 36,575,000 shares of class-A stock on the market with that twenty buck starting price. That would add up to approximately US$731.5m (£461m) in total sales, though that …
Shaun Nichols, 18 Jun 2015
apple logo

While you queued for an iPhone 6, Apple's Cook sold shares worth $35m

Apple CEO Tim Cook and four fellow Cupertino execs flogged a load of company stock worth $143m last week. According to a report from Barron's, the five top execs at the iThing giant dumped shares in a scheduled selloff, in the days following the launch of new iPhone 6. Barron's estimates that Cook's sale of 348,425 shares in …
Shaun Nichols, 26 Sep 2014
Stock ticker board

Power of iPhone 6 hype-gasm: Apple a sniff away from record stock high

Peak Apple Apple's stock today inched toward the company's record high as investors eager for new products pushed shares over $100 apiece. It's the first time Apple stock price has hit triple figures since the company undertook an ambitious 7:1 stock split in June this year. Apple used the split to put more shares on the market and, in …
Shaun Nichols, 20 Aug 2014

AMD stock soars after positive quarterly report

AMD's stock rose by as much as 13 per cent on Monday morning when the Wall Street moneymen returned to work after their Good Friday holiday and rewarded the microprocessor and graphics design firm for its upbeat financial report for the first quarter of 2014. AMD's Monday, April 21 stock price rise We can hear the champagne …
Rik Myslewski, 21 Apr 2014
Twitter for Mac New

Wall St's DROOLING as Twitter GULPS DOWN analytics firm Gnip

Twitter has bought its long-time collaborator Gnip, a analytics firm that should help the social media firm turn its red balance sheets black. Gnip specializes in taking social media feeds and studying them to extract financially useful information. It's one of four companies with access to Twitter's firehose of feeds, and …
Iain Thomson, 16 Apr 2014

Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'

Intel has posted its financial results for its first quarter of fiscal 2014 that were either marginally lower or higher than analysts' estimates, depending upon which analysts you trust. Chipzilla reported revenues of $12.8bn for the quarter, with net income of $1.9bn and the all-important earnings per share (EPS) coming in at …
Rik Myslewski, 15 Apr 2014

Rampaging Google now second most valuable company ON EARTH

Apple may handily hold the title of World's Most Valuable Company when measured by the size of its market capitalization, but the number-two spot, long held by fossil-fuel pusher Exxon Mobil, has been usurped by one of Cupertino's craftiest competitors: Google. As we clicked Publish on this story after the markets closed on …
Rik Myslewski, 7 Feb 2014

Schmidt gets $100m in Google stock on top of his $6m bonus

Google chair Eric Schmidt has gotten his second $100m dose of restricted stock units in less than three years. The Chocolate Factory said in a filing with the Securities and Exchange Commission that Schmidt was getting the stock award along with a $6m cash bonus for the year next week. The firm said the sizeable package was " …
Measuring up Apple

HOT AIR leads to RISES: Apple shares soar after iPad, MacBook releases

Peak Apple The price of Apple's stock has hit the highest point since January following the release of new ranges of iPads and Macbook Pros. Cupertino's shares closed yesterday at $533.40, a rise of two per cent. This is the highest level since January, when Apple's stock was midway through its slump from a 2012 peak of around $700. …
Jasper Hamill, 27 Nov 2013

Carl Icahn: I don't want to fight with Tim... but I will

Investment guru Carl Icahn says he doesn't want to fight with the management of Apple, but he won't abandon his sizeable financial concern in the firm either. Icahn has been trying to get Apple to give some of its cash mountain to shareholders by buying back $150bn worth of shares and has been meeting with chief Tim Cook to …

US stock markets unveil new IPOcalypse-BUSTERS to watchdogs

US stock exchanges have said that they’ve figured out how to help stop technical trading glitches, following orders from regulators to come up with new rules after trading on the NASDAQ ground to a halt for three hours in August. Market operators including NYSE Euronext and NASDAQ OMX said they had agreed on certain proposals …

Icahn to Cook: 'Buy back $150bn of Apple's stock, or tell me why you won't'

Fresh from his flopped attempt to prevent Dell from going private, activist investor Carl Icahn has turned his attention towards Apple, advising CEO Tim Cook to up his stock-buyback plan to a cool $150bn. Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in …
Rik Myslewski, 1 Oct 2013
The Register breaking news

Facebook stock-spaffers officially LOSERS: Stock hits all-time high of $45

Facebook shares rose over three per cent to a new high yesterday, finally breaking past $45 for the first time since its IPOcalypse last year. This means that even those who paid the highest price the shares hit on the first day of trading would no longer be out of pocket if they sold – that is, if they have held on to their …

Foundry Networks CIO charged in $29m insider trading scam

The chief information officer of Foundry Networks, along with two other alleged perps, has been charged with both civil and criminal charges stemming from insider trading during the $3bn buyout of the company by Brocade in 2008. The Securities and Exchange Commission (SEC) civil charges state that David Riley – who has since …
Iain Thomson, 26 Mar 2013

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