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Top 10 Techies

Thursday, July 21st, 2011

US Technology Companies
I’m not sure if these men were very popular back in high school, but I guarantee you they’re pretty famous today. At least 2 of these “Top 10 Techies” have had a movie made about their lives and how they came into to be the men they are today. According to the Forbes list of World Billionaires, there are currently 89 billionaires who have made their money through technology. Coincidentally, the US is home to 47 of these super rich techies. In fact, the US makes up 32% of the world’s 100 richest people, regardless of industry. Let’s quickly run through this list of entrepreneurs and college dropouts. (more…)

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Morgan Stanley Earnings Report

Thursday, July 21st, 2011

Morgan Stanley
Morgan Stanley (NYSE: MS ), one of our largest investment banks, reported a loss of $588 million for the second quarter yesterday. Many are suggesting that the root of the problem began in 2008, when the bank was facing a financial crisis. They were forced into a situation, where Mitsubishi UFJ Financial Group had to come in with $9 billion to rescue them. (more…)

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Google CEO Eric Schmidt Steps Down

Monday, January 24th, 2011

Google China
Last week, Google’s CEO announced that he will step down and allow Larry Page to take over the daily operations at the search engine giant. Dr. Schmidt has lead Google as the CEO for a decade. He has brought the small company from a small startup to a company that generates over $20 billion in revenue yearly. (more…)

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Warren Buffett Explains Goldman Sachs

Wednesday, May 5th, 2010

Warren Buffett
Warren Buffett believes that there was nothing illegal about Goldman’s actions when handling Abacus. He believes that if due diligence was really done, there would be no reason for this investigation or frivolous lawsuits because you would never have invested in the fund. Many investors support Buffett’s thinking not only because it makes sense, but mainly because they don’t care and aren’t affected. (more…)

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HP Buys Palm For $1.2 Billion

Wednesday, April 28th, 2010

Hewlett Packard
Earlier today, HP (NYSE: HPQ) announced that it will purchase Palm, Inc. (NASDAQ: PALM) for $1.2 billion. Palm, a provider of smartphones powered by the Palm WebOS mobile operating system, closed at $4.63 today. However, the stock price has jumped up well over 25% in after hours trading, pushing the stock price to almost $6 a share. (more…)

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Oracle Acquires Phase Forward

Sunday, April 18th, 2010

Oracle
Oracle Corp. (NASDAQ: ORCL) announced today that it has agreed to acquire Phase Forward (NASDAQ: PFWD), a leading provider of applications for life sciences companies and healthcare providers. The deal will take place through a cash merger for $17.00 per share, valued at almost $700 million. Deployed in over 10,000 clinical trials, Phase Forward’s software has been used successfully by hundreds of customers to accelerate innovation in drug development and patient care delivery. (more…)

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Palm Up For Sale

Monday, April 12th, 2010

Palm Inc.
Palm Inc. (PALM) has put itself up for sale. The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because the sale isn’t public. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may make offers, said the people. (more…)

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Do You Want A Job At Google?

Thursday, April 8th, 2010

Google Inc.
Google Inc. is looking to expand it’s global sales by hiring 500 new employees. According to a Google spokesperson, the staff increases are being driven by a desire to keep the company to moving forward in a rapidly changing digital media marketplace. Chief executive Eric Schmidt had said during company results in October that Google would be stepping up recruitment, particularly in advertising from sales to mobile search. (more…)

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Apple iPad Opening Day Sales

Monday, April 5th, 2010

Apple iPad
According to news sources, Apple Inc. (AAPL) sold over 300,000 iPads during it’s debut on Friday. This number includes the people who pre-ordered their device online, shipments to stores like Best Buy, and retail sales from Apple. Regardless of how this number is calculated, we’ll be able to tell how much consumers really want this product by the end of the week. (more…)

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Sprint Jobs Available in Sacremento

Thursday, April 1st, 2010

Sprint
Today, Sprint Nextel Corp. (S) announced that they are in search for 125 new employees for their call center in Rancho Cordova, Washington. They are not only hiring here, a few days ago they announced 100 employees will be hired in their Orlando call center. This decision is in anticipation of increased customer expectations with the accelerated national roll out of Sprint’s 4G network coupled with an overwhelming response to the new HTC EVO. (more…)

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Cisco Gets EU Approval

Tuesday, March 30th, 2010

Cisco
Yesterday, Cisco Systems Inc. (CSCO) was given European approval to move ahead with the acquisition of TANDBERG. The antitrust division of the DOJ (Department of Justice) also announced they will not challenge the acquisition of the video conferencing company. Although the transaction remains subject to ongoing regulatory review in Brazil, the companies anticipate completion of the deal in the coming weeks. (more…)

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