Shares of Nuance Communications Inc. (NASDAQ:NUAN) took a major tumble after the bell yesterday, falling by more than 10% after the Burlington, Massachusetts-based technology company’s revenue missed both their own expectations as well as those of analysts. CNBC spoke with analyst Herb Greenberg today about Nuance Communications Inc. (NASDAQ:NUAN), and he pointed to one key factor that is conspiring to hold the company, which produces the software that runs Apple Inc.’s (NASDAQ:AAPL) Siri, from being profitable; this is Nuance Communications Inc.’s (NASDAQ:NUAN) seventh consecutive quarter with a loss. Addressing a question that was posed to Nuance Communications Inc. (NASDAQ:NUAN)’s CEO…
Author: Martin Flores
Tesla Motors Inc (NASDAQ:TSLA)’s newest model at the time, the Model S received a glowing recommendation last year from Consumer Reports, which praised the electric sedan for its smooth and effortless ride, and elegant simplicity, among other things. A year later, however, the magazine admits that their Tesla Motors Inc’s (NASDAQ:TSLA) Model S, which has now logged nearly 16,000 miles, has suffered a series of quirks that range from relatively minor to majorly annoying. Speaking to CNBC, Consumer Reports’ Jake Fisher commented on yesterday’s update on the Tesla Motors Inc (NASDAQ:TSLA)’s Model S, explaining some of the problems that have plagued their…
Apple Inc. (NASDAQ:AAPL) as well as the broader tech industry gets a lot of flak in the media for perceived problems with diversity. As we often hear, the tech industry is one dominated by white males, especially at its upper hierarchies. According to Apple Inc. (NASDAQ:AAPL)’s own internal human resource statistics of their nearly 100,000 employees, the problem may not be quite so dire, taking into account other factors, though it is still one that Apple Inc. (NASDAQ:AAPL)’s CEO Tim Cook is not satisified with. The statistics show that 55% of Apple Inc. (NASDAQ:AAPL)’s employees are white, with 15% being Asian,…
Apple Inc. (NASDAQ:AAPL)’s virtual assistant Siri better start looking for a new job, as she may be an unemployed footnote in tech history in a number of years. The team that created Siri while working for Apple Inc. (NASDAQ:AAPL), are currently in the process of building a far more advanced A.I. that would run intellectual circles around Siri according to an interview with the team published in Wired today. Anyone familiar with Apple Inc.’s (NASDAQ:AAPL) Siri knows that she can answer and provide guidance for questions very directly phrased to her, which she knows how to find the answer for,…
Jefferies Group slashed their target price on Wal-Mart Stores, Inc. (NYSE:WMT) from $89.00 to $76.00 in a report released Monday, while maintaining their ‘Hold’ rating on the stock, which began the day’s trading at $74.67. In an interview with CNBC to discuss some of the reasoning behind the price target reduction on Wal-Mart Stores, Inc. (NYSE:WMT), Jefferies Group managing director and senior research analyst Daniel Binder mentioned some of the woes plaguing not only Wal-Mart Stores, Inc. (NYSE:WMT), but also other discount retailers like Target Corporation (NYSE:TGT). “The low income customer has had a tough time for many years, certainly through…
Amazon.com, Inc. (NASDAQ:AMZN) has been engaged in a fierce dispute with French publisher Hachette, demanding that the publisher cut their 45% take of e-book sales by 10% and give that to the authors, while simultaneously urging the ceiling on e-book prices to fall 50% from $14.99 to $9.99. Amazon.com, Inc. (NASDAQ:AMZN) believes this would account for a 1.74 times increase in sales of e-books, blessing all three parties with more money, and leaving customers happy with cheaper book prices. Author’s Guild President and longtime author Roxana Robinson weighed in on the Amazon.com, Inc. (NASDAQ:AMZN)’s e-book pricing dispute during an interview…
Kantar WorldPanel ComTech has released the latest smartphone sales data for the last quarter, showing that Android OS stays the leading operating system in Europe with a market share of about 74%. It is followed by Apple Inc. (NASDAQ:AAPL)’s iOS and Windows, with 15.3% and 8.8% respectively. Microsoft Corporation (NASDAQ:MSFT)’s Windows has delivered a surprise, as its share has risen compared to the last quarter by 1.9%. There are signs that Windows OS is slowly gaining traction among customers in Europe. Dominic Sunnebo, strategic insight director at Kantar has said that Android continues to grow on account of smaller manufacturers…
Cirrus Logic, Inc.(NASDAQ:CRUS), which makes audiochips for Apple Inc. (NASDAQ:AAPL), gained after agreeing to buy rival Wolfson Microelectronics for 278 million pounds ($467 million), or 2.35 pounds a share, according to a statement. Cirrus gained 7% to $23.55 a share Tuesday. It has traded from $16.46 to $25.91 in the past 52 weeks. Cirrus Logic expects the acquisition to boost non-GAAP earnings per share in the first full quarter after the transaction closes. Kandi Technologies Group Inc(NASDAQ:KNDI) shares were up about 5% early in Tuesday’s session after the company said Zhejiang Kandi Vehicles Co., the company’s wholly-owned subsidiary in China, signed a…
AOL, Inc.(NYSE:AOL) announced a video distribution deal with Microsoft Corporation(NASDAQ:MSFT) by which AOL content and its video library will be available on Microsoft’s MSN online network and on Microsoft’s Bing mobile apps. AOL said the deal convers content from AOL brands such as Huffpost Live, Techcrunch and Moviefone, as well as content from AOL partners sites for ESPN, TMZ, Rachael Ray and Martha Stewart. Videos from AOL’s library of nearly 900,000 pieces will also be distributed on the Microsoft video platforms, AOL said. In late morning trade, AOL was up 0.8% to $42.26, and MSFT was down 0.18% to $39.79. Analysts have…
Pivotal Research upgraded Time Warner (TWC) and said its does not expect the deal with Comcast (CMCSA) to fall through and also notes Q1 results were better than expected. Price target raised to $175 from $135. After conducting checks, Oppenheimer expects A10 Networks to report stronger than expected Q1 results and provide strong guidance. The firm thinks the company may announce new partnerships that could contribute materially to its results. Oppenheimer keeps a $20 price target and Outperform rating on the shares. BofA/Merrill upgraded Barracuda Networks to Buy from Neutral due to solid Q4 execution, valuation and sustainable growth. Price…
Altera Corporation(NASDAQ:ALTR) gained in late trading after reporting earnings and revenue that beat analyst estimates. The chipmaker’s Q1 earnings of $0.37 a share beat the consensus estimate of $0.32 tallied by Capital IQ. Altera posted EPS of $0.37 in the prior year. Revenue gained 12% to $461.1 million, beating the analyst forecast for $438 million. The company expects Q2 sales to rise 2% to 6% from Q1, putting it on target to reach $470 million to $484.2 million. Analysts had estimated Q2 revenue of $461 million before Q1 results were released. Altera (NASDAQ:ALTR) gained 5.5% to $36 in after-hours trading. It has traded from $30.73…
Google, Inc.(NASDAQ:GOOGL) may be partnering with HTC instead of Asustek for its new 8-inch Nexus tablet, reports DigiTimes. According to sources from the upstream supply chain, Google may be doing the switch because it may be adopting a new design. The sources also noted that Google has not been aggressive with its 3rd-generation Nexus tablet after the series served its purpose of boosting Android’s penetration in tablet market. Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a 24.85% upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently…