Qualcomm to cut 15% of workforce as part of 'realignment plan'

From CNET: Following restructuring murmurs earlier this week, Qualcomm confirmed those plans with further details while publishing third-quarter financial results after the bell on Wednesday.

The tech giant reported a net income of $1.2 billion, or 73 cents per share (statement). Non-GAAP earnings...

In Q2, Yahoo spent and spent to achieve unusual growth

From ComputerWorld: Yahoo reported on Tuesday an uncharacteristic rise in revenue for the second quarter, but it came with a hefty sum spent on boosting its search traffic.

Total sales for the period ending June 30 were $1.24 billion, up 15 percent from the previous year. In the company's...

Apple misses iPhone estimates, but sales and profits excel

From InfoWorld: Apple reported an unusual misstep in the April-to-June quarter, selling fewer iPhones than analysts had been expecting, but it wasn't all bad news from Cupertino.

Sales of the iPhone 6 and 6 Plus were 47.5 million units, lower than the roughly 49 million phones that analysts had...

Higher-end phones help Huawei rake in the cash

From PC World: Huawei Technologies’ shift to selling high-end smartphones is paying off. The more expensive devices helped almost double the company’s handset revenue in this year’s first half.

Although Chinese brands have a reputation of selling cheap, low-end products, Huawei is out to make...

For Apple, more success raises more questions

From CNET: By virtually any measure, Apple posted solid financial results. But for the investors who follow the company, solid just isn't good enough.

Apple's third quarter is typically its slowest. It's sandwiched between the Dad-and-grad shopping season, and the back-to-school and iPhone launch...

IBM's Q2 sales slide 13 percent on sale of low-end server unit

From InfoWorld: IBM has reported another quarter of declining revenue and profit, though sales of its new mainframe gave it a lift.

Revenue for its second quarter was $20.8 billion, down from $24 billion a year earlier, IBM announced Monday.

The big drop is partly from IBM selling its x86 server...

Toshiba CEO quits as accounting scandal adds up to $1.22 billion

From CNET: Toshiba President and CEO Hisao Tanaka has quit the company over an accounting scandal that the Japanese government says could shake the reputation of Japanese business.

Between 2008 and 2014, Toshiba over-reported profits by 151.8 billion yen (around £780 million, $1.22 billion or AU$1...

Mozilla and Facebook to Adobe: It's Time to Kill Flash

From DailyTech: The Mozilla Foundation has long played a key role in setting web standards as the maker of Firefox -- one of the world's most used browsers. While an enthusiastic early supporter of HTML5 (particularly when it came to the Ogg and Webm audio codecs), Mozilla tried to practice...

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