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Thursday, October 23, 2014

Technology Report: Microsoft sales beat Street hopes, shares rise

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Microsoft sales beat Street hopes, shares rise
SEATTLE (Reuters) - Microsoft Corp reported higher-than-expected revenue for its fiscal first quarter on Thursday, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact.
Amazon holiday quarter sales forecasts disappoint, shares dive
SAN FRANCISCO (Reuters) - Inc's sales projections for the crucial holiday quarter disappointed, and third-quarter results missed Wall Street's targets, sending the online retailer's shares 9 percent lower.
Google bolsters artificial intelligence efforts, partners with Oxford
SAN FRANCISCO (Reuters) - Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to "accelerate" its efforts.
Apple ponders sapphire options, leaves door open for GT
(Reuters) - Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material.
U.S. senator asks Internet providers to commit to no 'fast lanes'
WASHINGTON (Reuters) - U.S. Senate Judiciary Committee Chairman Patrick Leahy on Thursday pressed large Internet providers to pledge that they will not strike deals that may help some websites load faster than others or give similar "fast lanes" to affiliated services.
GrubHub revenue jumps as more customers order food online
(Reuters) - GrubHub Inc reported a more than five-fold jump in quarterly profit as more consumers used the online food-order-and-delivery company to order meals.
Huawei says third-quarter smartphone shipments jump 26 percent, strong demand for high-end devices
HONG KONG (Reuters) - China's Huawei Technologies Co Ltd said third-quarter smartphone shipments jumped 26 percent year-on-year, doubling devices shipped to the high-margin premium market dominated by Samsung Electronics Co Ltd and Apple Inc.
Canada's Rogers says profit falls 28 percent, eyes rebound
TORONTO (Reuters) - Canadian telecom and media company Rogers Communications Inc posted a 28 percent decline in third-quarter net income on Thursday, but reaffirmed its profit targets for the year as it heralded the end of a corporate shuffle.
Check Point third-quarter profit beats estimates, raises 2014 forecast
TEL AVIV (Reuters) - Network security provider Check Point Software Technologies reported quarterly profit that topped expectations and raised its full-year forecast on strong demand for its threat prevention and other software subscriptions.
Qlik revenue rises 26 percent on demand for business analytics software
(Reuters) - Qlik Technologies Inc reported a 26 percent rise in quarterly revenue, helped by demand for its business analytics software and an increase in license and maintenance deals.
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