A look at recent tech-industry earnings

Technology companies have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers. They also come as Microsoft prepares to release a new version of Windows on Friday. Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy.

? Oct. 5: Samsung Electronics Co. forecast another record quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders. Samsung estimated that its July-September operating income nearly doubled to 8.1 trillion won ($7.3 billion) from 4.25 trillion won a year earlier. The result was better than the market consensus of 7.6 trillion won. Full results are expected Oct. 26.

? Oct. 16: Intel Corp., the world's largest chipmaker, says net income fell 14 percent from last year in the latest quarter, and it's looking at tough conditions in the new quarter. Intel blames a difficult global economy for declining sales, but analysts believe a shift in spending from PCs to tablets and smartphones may be contributing.

IBM Corp. says revenue slipped below Wall Street's expectations in the third quarter as the technology company dealt with jittery customers and a weakening euro that undercut its results. Despite the problems posed by the wobbly economy, IBM's earnings held steady.

? Oct. 17: eBay Inc. says its third-quarter net income grew 22 percent, helped by higher revenue at its PayPal payments service and the marketplaces business that includes eBay.com.

? Oct. 18: Google Inc. reports earnings and revenue that fell well below analyst projections. Most of Google's third-quarter headaches were concentrated in Motorola Mobility, the troubled cellphone maker that the company bought for $12.4 billion in May.

Microsoft Corp. says net income fell 22 percent in the latest quarter as it deferred revenue from the sale of its upcoming Windows 8 operating system to PC makers ? and as PC sales in general took a dive. The economic troubles in Europe also weighed on results, which missed Wall Street expectations.

Chipmaker Advanced Micro Devices Inc. says it will cut nearly 1,800 jobs, about 15 percent of its workforce, by the end of the year in order to reduce spending in the face of dwindling sales.

Verizon Communications Inc. reports a blow-out number of new devices on its wireless network, boosted by the revolutionary Share Everything plan, which made it cheaper for households to add wireless service to non-phone devices like tablets and laptops. Verizon Wireless added a net 1.5 million devices to contract-based plans in the third quarter, more than it has in many years.

? Monday: Yahoo Inc. issued a third-quarter earnings report that topped analyst estimates. Yahoo's net revenue barely grew at a time when advertisers are spending more money marketing their products and services online. But the numbers were slightly better than analysts projected. It's the first quarter under new CEO Marissa Mayer.

? Tuesday: Facebook Inc. reports third-quarter results that inch past Wall Street's expectations, offering evidence that the company is making inroads in mobile advertising ? a longtime concern among investors.

Netflix Inc. cut its prediction of how many video streaming subscribers it would add this year after its third-quarter additions of 1.2 million came in at the low end of the company's forecasts.

Apple refreshes its lineup of Mac computers and introduces a 13-inch MacBook Pro model with a sharper, Retina display. It announces new iMacs for later this year, along with a faster, full-sized iPad tablet and a smaller one called the iPad Mini.

Coming up:

? Wednesday: Zynga Inc., AT&T Inc.

? Thursday: Apple Inc., Sprint Nextel Corp., Amazon.com Inc.

? Friday: Samsung Electronics Co., Comcast Corp.

? Nov. 1: Sony Corp., LinkedIn Corp.

? Nov. 8: Groupon Inc.

? Nov. 13: Cisco Systems Inc.

? Nov. 20: Hewlett-Packard Co., Dell Inc.

? Dec. 20: Research In Motion Ltd.

Source: http://news.yahoo.com/look-recent-tech-industry-earnings-001704437.html

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San Francisco to train 2,500 for tech jobs

San Francisco Mayor Ed Lee launched a federally funded program to train and place 2,500 residents of diverse ages and backgrounds in jobs in the city's burgeoning tech sector over the next five years.

The TechSF, which will use $8 million in workforce training grants from the U.S. Department of Labor, is a partnership with San Francisco Citizens for Innovation & Technology (SF.CITI), a new coalition of more than 330 of the city's high tech companies, as well as with local community colleges and educational institutions, workforce training nonprofit organizations.

SF.CITI Chairman Ron Conway said that Jawbone, a maker of wireless consumer devices like headphones and speakers, will be taking a leadership role in the effort.

The first class of the TechSF Academy has 80 students taking courses in mobile app development, networking, multimedia design and tech support. Training partners include the Bay Area Video Coalition, Bayview Hunter?s Point Center for Arts & Technology, City College of San Francisco, San Francisco State University and Year Up Bay Area.

SF.CITI members, which collectively employ 20,000 people, has been gathering data to understand the hiring needs of its member companies to help local educational institutions train local residents to fill those jobs.

Patrick Hoge covers technology for the San Francisco Business Times.

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The Finance Gorilla: Finding Relief With an Orlando Bankruptcy ...

By Frank L. Vargaz

Any Orlando Bankruptcy Attorney from Baker Law, P.L. will tell you that mounting debts might necessitate the filling of claims under chapter seven regardless of how much money you have had. The assistance of a bankruptcy attorney will come in handy considering that they have the knowledge of how to go about it successfully. There are various steps and considerations to make before you can forward your claim.

There is a feeling of calmness when you get a qualified lawyer to handle your case since you know that it is in professional hands and the chances of victory are magnified. This happens because of the experience they lawyers have and it is also important to check whether he has had a number of victories in order to also consider yours as victory in waiting. Experts have advised that you make savings to avoid these types of cases but no one is immune to financial problems.

You are better placed when you seek the services of a specialist in this chapter since they have the require experience and there is a possibility that yours will also go through successfully. There is an association that accredits lawyers to do that and you will find immense benefits when you seek their assistance. The members are reputable which serves as a great advantage to you.

It is also advisable to seek the assistance of friends before you can go ahead and file your bankruptcy claims. There are family members and friends who can help you get a relief as you organize your finances. They might not help you out with cash but they could also refer you to a good lawyer who will give you the kind of assistance you require.

The law requires that you submit some documents to prove that your case is deserving of assistance. There are some for individuals while others are demanded for corporations and this is in all cases even huge debts are involved. The successful filling of your case is always dependent on how well you know and follow the procedures and the details you give.

You will need a certificate that shows that you have undergone debt counseling sufficiently before you can file for that. This is a legal requirement and cannot be overstepped unless under special circumstances. This included the fact that you could be on military duty or you lack the fees required to pay for these services and therefore seek exemption.

The documentation is done in phases with some being provided at the time of filling while others will be required within days after you have lodged your claim. The petition might be voluntary or involuntary and this will require a different set of documents all together. Some will be demanded when you are having a meeting with the creditors and they must be produced then before anything else is allowed to proceed.

The assistance of a bankruptcy lawyer is necessary to raise the degree of success as you seek some reprieve due to mounting debts. Success is mainly tagged on to the process of filing which means that you should be clear as you do this. This means that you will find peace of mind by taking advantage of the chapter seven reliefs. Hire the best Orlando Bankruptcy Attorney from Baker Law, P.L. to help you.

Source: http://financegorilla.blogspot.com/2012/10/finding-relief-with-orlando-bankruptcy.html

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Double Airbeds: Offering Comfort At Affordable Price

Double airbeds are perfect for camping, organizing family get-togethers or partying outdoors. They make the best sleeping arrangement and offer comfortable and peaceful sleep. Whenever you go for camping, instead of taking mats along that do not offer any protection from the weather or comfort, you can carry airbeds. When you will use these airbeds to sleep, you will be well protected from the rough terrain that may constantly make you twist or turn. You can also use the airbed while organizing family get-togethers or sleepovers. You may not have enough beds that can accommodate all your guests. So, you can place the airbeds in your living room or patio and convert that whole sleeping arrangement into a fun activity. You can also choose to sleep with your guests and enjoy throughout the night. Sitting in the comfortable airbed you can play games or chat about various topics. When you and your guests start feeling sleepy, you can enjoy comfortable sleep in the perfect airbed.
  • When you will explore the internet, you are sure to find various types and sizes of airbed. But before you start making your selection, it is advisable that you first decide the type of airbed which you require. For this, you need to ascertain the activity for which you will use the airbed, whether camping, planning outings on beaches or for family get-togethers. This will surely make the selection easy as you can explore only those airbeds that will perfectly complement your requirements.

  • Internet makes the best way of selection as you can buy the best airbed after exploring hundreds of options and that too at affordable prices. Normally, when you buy from a local store, you have to pay extra which includes the cut of the middlemen and the cost of maintenance of the store. But e-stores require zero maintenance and when you buy directly from manufacturers, you can even eliminate the commissions of the middlemen.

  • If you do not have the right idea about the perfect double airbeds for your exclusive purpose like camping or outdoor fun, you can take the help of experts of the website. Normally, you can find all the features and functionality of the airbed mentioned in the site, but if you are still confused you can call the experts or mail your query.


With the best airbeds, you can make your camping or outdoor trip highly successful and enjoy to the fullest!

About the Author:
The author is an experienced Content writer and publisher on the topics related to double airbeds

Source: http://www.articlesnatch.com/Article/Double-Airbeds--Offering-Comfort-At-Affordable-Price/4228665

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Ex-CIA agent to plead guilty to leaking secrets to reporter

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Former CIA officer John Kiriakou, left, and his attorney John Hundley, leave federal court in Alexandria, Va., on Jan. 23.

By Pete Williams, Rich Greenberg and Michael IsikoffNBC News

John Kiriakou, accused of leaking sensitive classified information to reporters, has agreed to plead guilty, federal and legal sources tell NBC News.

Kiriakou, a former CIA officer, is accused of furnishing classified secrets to a New York Times reporter -- and lying to the government -- about another CIA officer's role in the capture of Abu Zubaydah, the former high-ranking al-Qaida leader who was waterboarded more than 80 times after his capture.


Kiriakou?s guilty plea means that some journalists who were questioned about the case will not have to testify at a trial.

Kiriakou was scheduled to appear Tuesday at federal district court in Alexandria, Va. to enter his plea.

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Source: http://openchannel.nbcnews.com/_news/2012/10/22/14626249-ex-cia-agent-to-plead-guilty-to-leaking-classified-secrets-to-reporter?lite

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Ikea, eBay Avoid Paying UK Taxes, Reports Allege

Avoiding taxes is all the rage these days, especially among major companies.

Ikea and eBay are two of the latest to face scrutiny over accusations that they?re avoiding taxes while still profiting in the country. The claims come after a Reuters investigation revealed that Starbucks paid no corporate income taxes in the UK over the past three years, even though the coffee chain made 1.2 billion pounds in the country during that period.

eBay only paid about 1 million pounds in taxes to the British government, despite making nearly 800 million pounds in the country during the year, the Sunday Times reports. The scheme may seem outrageous, but it?s not really at all; the online retailer is legally avoiding taxes by funneling its money through Luxembourg and Switzerland.

Ikea allegedly managed to cut its UK tax bill in half by sending profits off to another country in the form of payments to a sister company, according to the Guardian. Ikea has been accused of avoiding taxes in other ways too; the company?s finances are set up in such a way that allows some of its profits to go to a charity, minimizing Ikea?s tax bill and greatly benefitting the furniture chain?s founder and his family, according to a 2006 investigation by The Economist.

Though UK lawmakers are increasing scrutiny on corporate tax evasion, the issue extends across the pond as well. Thirty of America?s most profitable companies paid less than zero in income taxes between 2008 and 2010, according to a report from the Citizens for Tax Justice released last year.

Corporate tax avoidance also has become a flashpoint on the presidential campaign trail. Republican nominee Mitt Romney has proposed a territorial tax system, which would allow companies not to pay very much in taxes on what they earn overseas. Under the current system, companies are responsible for paying taxes on the money they earn overseas, a system that multinational companies sometimes exploit.

Vice President Joe Biden slammed Romney?s proposal in his speech at the Democratic National Convention in March, saying it would create 800,000 jobs -- all of them overseas. As it turns out, that claim may have been a bit overblown.

Also on HuffPost:

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Source: http://www.huffingtonpost.com/2012/10/22/ikea-ebay-uk-taxes_n_2002016.html

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'Undroppable' Producers Embark on Tour to Teach Students Politics [VIDEO]

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Source: http://news.yahoo.com/undroppable-producers-embark-tour-teach-students-politics-video-131115301.html

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Texas Instruments forecasts revenue below estimates

NEW YORK (Reuters) - Texas Instruments Inc's quarterly revenue fell as demand for its chips slipped on economic concerns, and the company forecast more weakness this quarter.

The U.S. chipmaker has been under pressure from a weak global economy and a wavering personal computer industry and is wrestling to fill manufacturing capacity it bought for pennies on the dollar following the global credit crisis.

"Across the board we're seeing customers being extremely cautious, very careful about the level of inventory that they hold so giving us very low levels of visibility as to what they'll want to order for the quarter," Texas Instruments Chief Financial Officer Kevin March said in an interview.

The chipmaker's inability to fully utilize its fabrication plants has investors worried about its profitability.

"With the macroeconomic slowdown we're experiencing, and TI's excess capacity - they're only using about 75 percent of their capacity right now - they're going to be under some longer-term pressure to try to fill those fabs," said JoAnne Feeney, an analyst at Longbow Research.

The maker of chips used in products ranging from consumer electronics to industrial equipment posted a profit of $784 million, or 67 cents per share, up from $601 million, or 51 cents per share, in the year-ago quarter.

Revenue declined to $3.39 billion from $3.47 billion in the year-ago quarter.

TI forecast fourth-quarter earnings of 23 to 31 cents per share on revenue of $2.83 billion to $3.07 billion.

Analysts on average had expected TI's revenue in the current quarter to be $3.24 billion, according to Thomson Reuters I/B/E/S.

"It's definitely light. ... But I don't know how surprising that is given what we've seen in semiconductors and tech recently," said Stacy Rasgon, an analyst at Bernstein Research.

TI's shares were about flat in extended trade after closing off 2 cents at $27.79 on Nasdaq.

(Reporting by Sinead Carew; Editing by Richard Chang)

Source: http://news.yahoo.com/texas-instruments-revenue-declines-third-quarter-203930656--finance.html

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