Proactiveinvestors Australia - Computer Services RSS feed Proactiveinvestors Australia - Computer Services feed en Sun, 21 Jan 2018 17:05:55 +1100 Genera CMS Uh-Oh! … Yahoo! hack becomes the latest to highlight cybercrime threat Fri, 23 Sep 2016 19:26:00 +1000 Verizon Communications to buy Yahoo! for £3.8bn Tue, 26 Jul 2016 00:15:00 +1000 Baidu slashes revenue guidance after medical advertising scandal Tue, 14 Jun 2016 23:11:00 +1000 Yahoo! preparing sale of patent portfolio - reports Thu, 09 Jun 2016 00:50:00 +1000 IBM strikes US$300mln deal with Dubai’s Emirates Airline Tue, 07 Jun 2016 23:49:00 +1000 Yahoo shares nudge higher as it sets out sale timetable Wed, 30 Mar 2016 00:22:00 +1100 Boohoo as Yahoo shareholder demands board is fired Fri, 25 Mar 2016 05:58:00 +1100 Baidu shares climb despite revenue growth trending down Sat, 27 Feb 2016 00:31:00 +1100 Yahoo! to start contacting prospective suitors today Tue, 23 Feb 2016 01:49:00 +1100 IBM shares advance as it buys video streamer Fri, 22 Jan 2016 04:51:00 +1100 Yahoo! now plans to keep Alibaba ... and hive off the rest of the business Thu, 10 Dec 2015 05:46:00 +1100 Lantronix names former Emulex boss as CEO Tue, 08 Dec 2015 00:54:00 +1100 Monday's trending - Bill Gates, clean energy and Cyber Monday... Tue, 01 Dec 2015 03:41:00 +1100 Computer Sciences Corporation pulls trigger on UXC takeover Wed, 25 Nov 2015 22:33:00 +1100 Rackspace Hosting surpasses expectations Tue, 10 Nov 2015 23:28:00 +1100 IBM to purchase Weather Co.’s digital and data assets Thu, 29 Oct 2015 03:53:00 +1100 Yahoo’s NFL livestream broadcast attracts 15.2mln viewers Tue, 27 Oct 2015 04:55:00 +1100 IBM in focus after financials fall short of expectations Tue, 20 Oct 2015 22:01:00 +1100 Yahoo’s exec Reses leaves to join Square Tue, 20 Oct 2015 02:42:00 +1100 IBM unveils new business unit to tap artificial intelligence progress International Business Machines (NYSE:IBM), the world's largest provider of technology services, has formed a new business unit to capitalize on the recent upsurge in artificial intelligence.

The new Cognitive Business Solutions group’s 2,000 employees will advise companies in how to take advantage of IBM’s Watson artificial-intelligence software, the Armonk, New York-based company said in a statement on Tuesday.

The division will be run by Stephen Pratt, previously an executive in the consulting practice at Indian outsourcer Infosys. 

Introduced in 2011, Watson excels at analyzing vast quantities of information to uncover relationships that humans might miss. 

IBM believes it could serve as the core of a new generation of ultrasmart digital assistants in data-heavy industries such as medicine, financial management and oil-and-gas exploration.

Shares closed up 3.1% at $149.04 on Monday, trimming this year’s loss to 7.1%.


Wed, 07 Oct 2015 01:44:00 +1100
UPDATE - Yahoo shares bolstered as it presses on with planned Alibaba stake sale Wed, 30 Sep 2015 05:26:00 +1000 US benchmarks set to make up some lost ground Tue, 29 Sep 2015 22:52:00 +1000 Yahoo’s media head to leave company to join STX Entertainment Kathy Savitt, Yahoo’s  (NASDAQ:YHOO) media and marketing head and a key lieutenant to Chief Executive Marissa Mayer, is leaving the Internet company to join Hollywood studio STX Entertainment, a Yahoo spokeswoman said.

Savitt will join STX Entertainment in October as president of its digital business, STX said.

Yahoo is planning a major shakeup in its media unit and Savitt's job had been the topic of internal discussion for a while, technology website Re/code reported, citing unidentified sources. 

Savitt, one of Mayer’s first hires in 2012, oversaw marketing during a period in which Yahoo  has failed to grow meaningful traction with advertisers and reverse its losses in market share to Google  and Facebook.

Savitt, who is also Yahoo's chief marketing officer, will report to STX Chief Executive Robert Simonds.

“We appreciate her contributions to Yahoo over the past three years and wish her well,” the Yahoo spokeswoman said in an emailed statement. “We have strong leaders in both Yahoo’s media and marketing organization who will continue to drive the business forward.” 

Mayer has reshuffled top executives frequently in her three years as CEO. 

Shares of the Sunnyvale, California-based company slipped 0.3% to $31.08. The stock has lost 38% so far this year.





Sat, 12 Sep 2015 06:28:00 +1000
Yahoo CEO Mayer says she’s pregnant with twin girls; shares drop Yahoo (NASDAQ:YHOO) chief executive officer Marissa Mayer announced she is pregnant with identical twin girls, likely due in December. Shares fell in premarket trades.

"Since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout," Mayer wrote in a blog post late on Monday.

Mayer's pregnancy comes at a critical time for Yahoo, which is preparing to spin off its stake in Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA) and considers the future of its holding in Yahoo Japan (TYO:4689). 

Shares of the Sunnyvale, California-based company fell 1.2% to $31.84 at 9:46 a.m. in New York, expanding this year’s slump to 37%.

“The twins part was quite a surprise, because I have no family history of twins or any other predisposing factors,” wrote Mayer, 40. “Zack and I have embraced the surprise and are very excited about these new additions to our family.”

In 2012, Mayer set off a national debate about working mothers after disclosing she was pregnant with her son shortly after becoming CEO of the struggling Yahoo, and then taking only a few weeks of maternity leave for his birth nearly three years ago.

Yahoo said in its corporate blog on Tuesday that it was "extremely happy" for Mayer and supported her plans and approach. 

Mayer, who has been married to start-up investor Zachary Bogue since 2009, was an executive at Google before taking the helm at Yahoo in 2012.



Wed, 02 Sep 2015 01:53:00 +1000
Yahoo! worth a shout, Bernstein reckons Internet portal Yahoo! (NASDAQ:YHOO) was wanted after stockbroker Bernstein upgraded the stock to ‘outperform’ from ‘market perform’.

In the broker’s view, the current share price of around US$36.50 represents the “almost worst case scenario” for the once cutting edge Internet pioneer.

Yahoo’s shares were laid low yesterday by a shocker of a trading update from Chinese online marketplace operator Alibaba (NYSE:BABA), in which Yahoo! has a 15% stake.

For the three months to end June, Alibaba’s revenues rose 28% year-on-year to US$3.26billion (bn), but analysts had forecast a figure of US$3.39bn.

Bernstein analyst Carlos Kirnjer maintained his price target of US$52 but clearly thinks yesterday’s share price tumble to US$34.49 presents a buying opportunity.

Even after Alibaba’s shares retreated, Yahoo’s stake is worth about US$18.40 a share by Kirnjer’s calculations, while it also has about US$4.40 a share in cash, even after a large share repurchase programme over the last 12 months.

"Despite being very bullish on Alibaba, we have been cautious on Yahoo! because so far we believe investors who buy into our Alibaba thesis are better off investing directly on Alibaba and not taking any of the risks associated with owning Alibaba indirectly through Yahoo!," Kirnjer said.

Nevertheless, at the current price, there is limited downside and considerable potential upside in Kirnjer’s view.

Shares in Yahoo! were up US$2 at US$36.49 in lunchtime trading.

Fri, 14 Aug 2015 05:10:00 +1000
Canaccord drops target on Rackspace after Q2 numbers Broker Canaccord has dropped its target price on cloud hosting group Rackspace Hosting (NYSE:RAX) to US$38 from US$48 on the back of weaker than expected second quarter numbers.

The broker also repeated  a 'hold' recommendation and says it expects trading to be volatile in coming quarters.

The firm has lowered its total 2015 guidance by about 3% at the mid-point to reflect the struggles the company has in generating demand for its public cloud offerings, Canaccord noted.

The results came after the closing bell and showed ower-than-expected revenue, whole earnings-per-share that just met Wall Street expectations.

The profit was US$0.20 per share on revenue of US$489mln in the three months.

The firm has also approved a $1bn share repurchase programme, of a company which has a market cap of US$4.5bn, which will also cause the company to approach leverage ratio of 1.5 times net debt to EBITDA.

Wed, 12 Aug 2015 00:49:00 +1000
In the papers - Greece's stock market rally, Sky and Cadbury's owner Fri, 07 Aug 2015 15:56:00 +1000 Baidu sinks on Wall Street after posting 2nd quarter results

Baidu (NASDAQ:BIDU) was trading over 17% lower today after the NASDAQ listed Chinese search engine after releasing quarterly results that were much lower than analysts' expectations.

On Monday night Baidu said it earned 3.66 billion yuan (about US$500 million), up 3.2% year on year, with 38.3% higher sales of 16.58 billion yuan.

The revenues were consistent with analyst estimates but earnings per share of 10.19 yuan, per American Depositary Receipt (ADR) fell below the 10.58 (ADR) expected by analysts according to a consensus by Thomson Reuters.

For the third quarter, Baidu expects revenue of between 18.17 and 18.58 billion yuan, lower than the consensus which is currently 18.79 billion.

The group explained its underperformance against its heavy investments made in an effort to diversify. In June it announced last month that it would invest $ 3.2 billion in new services.

Pacific Crest Securities and Brean Capital cut their recommendation on Baidu, respectively "overweight" and "hold", and others have lowered their price targets. But of the 31 brokers that follow the value, 24 continue to list it as a ‘buy’.

Wed, 29 Jul 2015 07:45:00 +1000
Yahoo! reintroduces fees for Flickr

Shares of Yahoo! (NASDAQ:YHOO) were trading 2.4% lower this afternoon as the company, while the company wants to position its new Flickr photo sharing platform as a professional tool while re-introducing the Flickr Pro subscription.

When Yahoo acquired Tumblr in 2013 for US$1.1 billion, the company introduced a new version of Flickr, a benchmark for amateur photographers, who, however, have gradually been turning to Facebook.

Yahoo updated Flickr, unveiling a new user interface, giving users a full terabyte of free storage. Meanwhile, the Sunnyvale, California based firm withdrew subscriptions for Flickr Pro, then costing US$24.95 dollars, even as subscribers could keep their subscription and their unlimited storage.

Now, Yahoo has updated and re-introduced the paid subscription product with a new fee of US$49.99 per year or 5.99 dollars per month, still capping capacity to one terabyte. The service will be competing against Google’s Photos, which offers unlimited free storage. Amazon also offers unlimited quota on its servers for subscribers to the Premium.

In its defense, Rajiv Vaidyanathan, Flickr’s developer, said that only a hundred members have reached a terabyte of storage and it is quite enough for some 113 million users of the service. Moreover, unlike Google Photos which limits resolution to 16 MP and 1080p for videos, Flickr focuses on quality in order to meet the needs of professional photographers who rather than using a smartphone rely on a real camera for their work., while benefiting from the lack of advertising.

Customers already owning a Pro account retain unlimited storage space and only pay US$24.95 dollars for the next two years before being transferred to the new fee.

Previously, Yahoo had also increased subscription to Yahoo! Mail Plus simply proposing to remove advertising. Renamed Ad-free Yahoo! Mail, it rose from 19.99 dollars to 49.99 dollars while the formerly unlimited storage is now capped at 1TB for all users.

Tue, 28 Jul 2015 05:25:00 +1000