U.S. technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal starts to take a toll.
Cisco (San Jose, CA, USA) shares tumbled 11 percent on Thursday, a day after it warned that revenue could drop as much as 10 percent this quarter, and continue to contract through the middle of next year, in part due to a backlash in China after revelations about U.S. government surveillance programs.
The Future of Money and Technology Summit brings together the best and brightest thinkers around money, including visionaries, entrepreneurial business people, developers, press, investors, authors, solution providers, service providers, and organizations who work with them at the convergence of cash and commerce. We meet to discuss the evolving money ecosystem in a proactive, conducive to dealmaking environment.
Network equipment maker Juniper Networks says Barclays executive Shaygan Kheradpir will take over from Kevin Johnson as chief executive at the start of 2014.
Johnson had announced plans to retire in July, having led the company since 2008, when he joined from software giant Microsoft (Seattle, WA, USA).
Kheradpir is currently chief operations and technology officer at financial services provider Barclays (London, UK), and before that he worked as executive vice president and chief information and technology officer at Verizon Communications (New York City, NY, USA).
T-Mobile US Inc is considering buying spectrum from an unidentified private party and would use some of the proceeds of a planned $2 billion share offering to finance such a deal, the company said in a regulatory filing on Tuesday.
On Monday, after the market close, the company announced an offering of up to roughly 72 million shares and said it could buy wireless airwaves using proceeds from the sale. The share sale could represent the fourth biggest secondary offering so far this year, according to Reuters data.
Module maker Novatel Wireless has flagged a substantial increase in revenues and narrowing of its net loss for the three months ending September thanks to good progress at both its mobile computing and M2M businesses.
The company said revenue rose by 30.5%, to $92.7 million, compared with the same period last year, while net losses narrowed to $5.1 million from $32 million in the same period of 2012.
Node Summit is a two-day conference at the Mission Bay Conference center. The second annual Node Summit will bring together business leaders and technology experts to discuss Node.js transformative role in the future of computing. The event will also showcase solutions from a select group of start-up companies that are looking towards the future by incorporating Node.js today.
Why do automakers want into big data? Although not every carmaker needs to physically build their own datacenters, clearly, the benefit of owning the data asset is too important for carmakers to outsource or neglect. The IT has shifted from a cost center to a business opportunity. So the OEMs must interact with the vendors of cloud solutions, datacenters, connectivity, analytics, et cetera. Join us as we look into this new junction of IT and automotive. Meeting sponsored by Nokia.
With over 100 corporate members now, the Council is a virtual who’s who of Silicon Valley telecom players. And at our holiday cocktail there are no speakers; the only item on the agenda is connecting with each other and building stronger relationships across our industry. We'll bring you together – but you bring the insight and opinions for which Telecom Council meetings are known, and don’t forget plenty of business cards.
Cable company Liberty Global has reported widening losses due to derivative instruments plus higher interest and tax expenses, while the company’s revenues have received a major boost from its acquisition of UK operator Virgin Media earlier this year.
For the three months ending September, the company saw its net loss grow to $830 million from just $22 million in the same period last year.
T-Mobile US Inc, the No. 4 U.S. mobile provider, reported much better-than-expected subscriber growth, outpacing bigger rival AT&T and also putting pressure on other competitors, including market leader Verizon Wireless.
This was the second straight quarter of growth after four years of customer losses at T-Mobile US (Bellevue, WA, USA), which is 74 percent owned by Deutsche Telekom AG (Bonn, Germany). It made inroads against bigger rivals by criticizing them in its marketing and selling itself as more consumer-friendly with cheaper prices and more flexibility.