Investors said that Microsoft's stock performance was "sub-par". After its quarterly earnings release last Thursday, Microsoft stock decreased by almost 10% of its value.
Sectors
New investors gain Prolexic series C financing
Prolexic Technologies raises US $30 million in series C financing led by new investors. Prolexic Technologies, a specialist in Distributed Denial of Service (DDoS) protection, raised US $30 million in series C funding led by Trident Capital and Intel Capital.
HK education system receives free Microsoft cloud Office
Microsoft partnered with the Hong Kong Education Bureau to launch a three year free Office 365 program in the city.
Electronic Arts Inc. received a big boost from Apple
Electronic Arts Inc. stated that US$90 million of the company's overall revenue of US$103 million came from developing games for tech titans like Apple.
World Bank Group member IFC invests US $50 mln in Mexico-based trust
IFC infuses US $50 million in Credit Suisse Mexico Credit Opportunities Trust, bringing the trust’s total capital to US $550 million.
Latest News
Yesterday, Microsoft said that it will be using a 67-year old law to fight botnets. Using a law which dates back almost 70 years, giant tech company Microsoft announced today that it will be charging forward in the industry's long battle against spam bots.
Bunge Ltd. suffered a 50% drop in its second-quarter earnings compared to last year's figures.
Amazon was expected to release a report that would signify growth ranging from US$14.5 billion to US$16.2 billion.
Warner Chilcott has received FDA approval for oral contraceptive LO Minastrin FE. LO Minastrin FE, a chewable oral contraceptive made by Warner Chilcott PLC, has received the stamp of approval from the US Food and Drug Administration.
According to analysts, Apple Inc would only cut US$50 on the original price of iPhone so that it could maintain gross margins range of 36%-37%.
Apple bought back three times more share than expected. Apple recently had a major share buyback spree. The company bought back 36 million shares instead of the scheduled 10 million.
Japan Post Holdings Co Ltd is set to launch an initial public offering that will raise JPY4 trillion.
Etisalat ETEL.AD announced plans to acquire Pakistan's Warid. Etisalat hires Goldman Sachs Group as financial adviser for the deal.
Super Group Ltd. announced plans to make first acquisition in ten years. Singapore's leading instant-coffee maker, Super Group Ltd. , said that they are seeking to make their first acquisition in a decade.
