Category: Software

GE NYSE GE General Electric Stock Financial News
Analysis, Finance, Software

GE Alstom Deal : Impact on General Electric (NYSE:GE) Stock and Financial News + Video

France’s socialist government has claimed a resounding victory for state intervention after forcing General Electric (NYSE:GE) to significantly revise its $16.9bn takeover deal for Alstom’s energy businesses, which both companies approved at the weekend. The government announced on Sunday night it had agreed terms with the French conglomerate Bouygues for its purchase of a 20 per cent state stake in Alstom, worth about €1.7bn at … Continue reading GE Alstom Deal : Impact on General Electric (NYSE:GE) Stock and Financial News + Video

John Meady
Finance, Software

Software Stocks New Highs : Adobe Systems Incorporated (NASDAQ:ADBE), Sabre Corp (NASDAQ:SABR), Hi-Crush Partners LP (NYSE:HCLP), Tarena International Inc(ADR) (NASDAQ:TEDU), Kingsway Financial Services Inc. (USA) (NYSE:KFS)

Here is a selection of Software Stocks with new highs gained recently, including Adobe Systems Incorporated (NASDAQ:ADBE), Sabre Corp (NASDAQ:SABR), Hi-Crush Partners LP (NYSE:HCLP), but also Tarena International Inc(ADR) (NASDAQ:TEDU) and Kingsway Financial Services Inc. (USA) (NYSE:KFS) Adobe Systems Inc. (NASDAQ:ADBE)’s shares soared after the company posted quarterly subscriber gains that showed it is making progress in its transition to cloud software. Adobe Systems Incorporated … Continue reading Software Stocks New Highs : Adobe Systems Incorporated (NASDAQ:ADBE), Sabre Corp (NASDAQ:SABR), Hi-Crush Partners LP (NYSE:HCLP), Tarena International Inc(ADR) (NASDAQ:TEDU), Kingsway Financial Services Inc. (USA) (NYSE:KFS)

Jason Knox
Computer Desktop
business, electronics, Software

How and Where to Sell Your Old Desktop Computer

While some people are happy to recycle their old electronics like computers, others realize that their old computer gear still has value. Selling your old computer equipment isn’t likely to completely fund your new computer purchase, but it may certainly help defray some of the expense. Many buyers are in search of great deals on used equipment, so you simply need to tap into a … Continue reading How and Where to Sell Your Old Desktop Computer

Harvey Dyer
Alstom ALO PA
Finance, Software

(Video) Alstom (ALO.PA) Takeover Crucial Week for General Electric (NYSE:GE) Siemens (SIE:Xetra) and Mitsubishi (8058:JP)

France is continuing to press for guarantees from contenders to buy energy assets from Alstom, as Siemens and Mitsubishi consider a joint move to challenge a formal offer from General Electric. The race to acquire power activities from Alstom, better known for its high-speed TGV trains, is entering a crucial week, with Siemens due to present an offer by Monday ahead of a June 23 cut-off date set by GE for its 12.4 billion euros bid for all of Alstom’s energy assets.

As a consequence of this latest move, GE May Improve Bid for Alstom’s Energy Units. French Finance Minister Michel Sapin said he expects General Electric Co. (GE) may improve its $17 billion offer as it competes with Siemens AG (SIE) to buy energy assets of power-equipment maker Alstom SA. “We’re not finished with improvements, on both sides,” Sapin said today on Europe 1 radio and i-Tele. Siemens’s offer becomes more attractive with Mitsubishi Heavy Industries Ltd. (7011) participating, he also said.

According to a Wall Street Journal report on Sunday, German engineering company Siemens and Japanese peer Mitsubishi Heavy Industries were close on Sunday to finalizing an offer for much of Alstom’s energy business, potentially entering a bidding war with General Electric for one of France’s industrial jewels, said people familiar with the companies’ plans. As part of the potential offer, Mitsubishi aims to buy as much as 10% of Alstom from Bouygues which holds a 29.3% stake, two of the people said. French public investment bank BPI France would buy another portion of the Bouygues stake, possibly alongside the French government, these people said. Talks were continuing late Sunday in Europe, these people said, and the final structure of the deal wasn’t set.

Continue reading “(Video) Alstom (ALO.PA) Takeover Crucial Week for General Electric (NYSE:GE) Siemens (SIE:Xetra) and Mitsubishi (8058:JP)”

John Meady
business, Finance, Internet, Mobile, Software

BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)

BlackBerry Ltd said on Thursday it has signed a agreement with EnStream LP, a mobile payments joint venture owned by Canada’s three large wireless carriers, to provide a secure platform for transactions between banks and consumers. Waterloo, Ontario-based BlackBerry has been trying to reinvent itself under new Chief Executive Officer John Chen as its phones have lost ground to Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy devices.

The company’s QNX software already is a mainstay in the automobile industry, powering electronic and other systems in a wide range of cars.



Amazon’s newly announced music streaming service is yet another attempt by the company to move beyond e-commerce and infuse itself into the daily lives of Americans with an increasing number of offerings, including grocery delivery and streaming TV. The announcement comes just days ahead of the expected unveiling of the company’s first smartphone.

Starting Thursday, Amazon.com Inc. will offer more than a million tracks for ad-free streaming and download to Kindle Fire tablets as well as to computers and the Amazon Music app for Apple and Android devices.



The European Commission will launch a formal investigation on Wednesday into Apple’s tax arrangements in Ireland, Irish state broadcaster RTE reported, without naming its source. The EU’s competition authority said last year that it was looking into corporate tax arrangements in several member states and had requested information from Ireland.



Continue reading “BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)”

Harvey Dyer
Finance, Software

(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile

(NYSE:NQ) The Investigation Team conducted a thorough review of cash reported on NQ Mobile’s financial statements and the Company’s cash transactions, which included the following procedures: obtained bank confirmations for the Company’s accounts through in-person visits and mail

Chinese mobile security software maker NQ Mobile said a special committee had found no evidence of fraud, as alleged by short-seller Muddy Waters Research Group. NQ Mobile also said the committee also found no evidence that the company’s revenues and cash balances were inconsistent with public disclosures. Muddy Waters called NQ Mobile a “massive fraud” in October, a charge NQ Mobile rejected as false.

NQ Mobile’s shares rose about 30 percent in premarket trading.

According to the auditors findings : “The Investigation Team determined that the Company’s cash balances were verifiable and consistent with public disclosures. … (ii) The Investigation Team did not find evidence that the Company’s revenues were inconsistent with public disclosures.”

Benedict commented on NQ Mobile’s activity since the Muddy Waters allegation, “We have seen fees drop off a bit from October to around early to mid April, then we saw fees surge again briefly.”. An independent committee investigating Muddy Waters’ allegations at NQ Mobile Inc (ADR) (NYSE:NQ) has found no evidence of fraud. Block says they continue to investigate NQ Mobile Inc (ADR) (NYSE:NQ) and that he doesn’t think the debate over the company will be over “until regulators step in or NQ’s shares go to zero.”

In the meantime, ChinaRock discloses that is has doubled its stake in NQ Mobile. Both short interest and utilization rose by about one percent on the news, according to Benedict. The utilization rate is now 92 percent.

Continue reading “(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile”

Adam Keintzel