Technology Sector

Samsung Expects Strong First Quarter Profits

Samsung Expects Strong First Quarter Profits

In its preliminary earnings guidance on Thursday, Samsung said it expects revenue of 49 trillion won and operating profit of 6.6 trillion won in the first quarter of this year. That surpasses the market expectations.

Internet of Things would Get Cheaper in Australia and New Zealand with Sigfox Expanding its Network

Internet of Things would Get Cheaper in Australia and New Zealand with Sigfox Ex

Sigfox, the French company making wireless networks connecting low energy objects like washing machines, electricity meters and smartwatches is rolling out its wide area network technology in New Zealand and Australia through Thinxtra.

Thinxtra, the Internet of Things (IoT) business is planning to launch operations in New Zealand and Australia during the second quarter of 2016. It is an Australian start-up which has New Zealand company, Rakon as a cornerstone investor.

GameStop’s Revenue Forecast Falls Below Analysts’ Expectations

GameStop’s Revenue Forecast Falls Below Analysts’ Expectations

Grapevine, Texas based GameStop Corporation forecast revenues for the first-quarter that does not meet analysts' estimates. The largest retailer of video games in the world blamed the weak results to lack of major videogame releases and weaker sales of hardware.

On Thursday, shares of the company were 5.6 percent down at $28.55 in during the after hour trading. Earlier the shares declined close to 8.3 percent.

Oracle Files Lawsuit in California Court against HP Enterprise Over Solaris Software Issues

Oracle Files Lawsuit in California Court against HP Enterprise Over Solaris Soft

The legal battle between Oracle Corp. and Hewlett-Packard is back to the court room.

On Tuesday, Redwood City, California based Oracle filed a lawsuit which alleged that Hewlett Packard Enterprise Co. partnered with Terix Computer Co. which is a third-party seller to support Oracle's Solaris operating system in improper ways. In regular basis, customers need to buy technical support from Oracle rather than from third parties which also generates a substantial amount of revenue for the global computer technology corporation.

“Water Summit” Focuses Mainly on Developing New Technology to make the Country more Resilient to Drought

“Water Summit” Focuses Mainly on Developing New Technology to make the Country m

Tuesday, the White House announced some new steps and private money in billions to help California cope with its drought situation.

The "Water Summit" held on Tuesday was focused mainly on development of new technology to solve water crisis in California rather than being dependant only on the weather. It also focused on ways of improving drought resiliency around the country.

Uber Launches Android Version of UberEATS App; More Cities to be Added Soon

Uber Launches Android Version of UberEATS App; More Cities to be Added Soon

Most food outlets in big cities would deliver at your doorsteps but not all! Taking this opportunity Uber came up with its UberEats services where its drivers would deliver you food from restaurants in between giving rides to their customers.

Though Uber still remains mainly a ride-sharing company offering rides through its app, but for the company with a large fleet of drivers, it's easy to provide other delivery services and it's venturing into new zones.

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