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Research in Motion (NASDAQ:RIMM) reported a first-quarter loss of 37 cents a share Thursday evening, excluding some items, over five times larger than predicted by analysts. Sales fell to 2.8B, 43% lower, missing a $3.05B prediction. The company adds that it intends to cut 5,000 jobs.
Don’t Miss: Research in Motion to Apple: HAPPY ANNIVERSARY!
News Corporation (NASDAQ:NWSA) will be split into separate publishing and entertainment companies, Rupert Murdoch finally confirmed. Three days following his newspaper’s, The Wall Street Journal, reported Mr. Murdoch’s change of opinion, the 81-year-old News Corp chairman revealed ideas for a smaller publishing arm built of News’ Australian print and pay TV assets such as The Wall Street Journal, Dow Jones Newswires, HarperCollins, its British newspapers and an education publishing division.
Microsoft (NASDAQ:MSFT) announced in a blog post Friday, as a strategy to increased the Windows Phone 8 demand, that its apps will be offered in more than 180 countries. Developers in these countries will use App Hub to submit apps to those markets. In the post, Microsoft stated, “With Windows Phone 8 we’re dramatically expanding our footprint around the globe. Consumers will be able to browse and download apps in more than 180 countries at launch.” The apps were only available in 63 countries before.
Intel Corporation’s (NASDAQ:INTC) ultrabook’s rebranding exercise is beginning to show benefit since its premium laptop market share is showing steady growth. Though the fundamentals, a thin, light-weight laptop with rapid sleep resume-are not new, but ultrabooks makes up 15% or laptops costing over $700 sold during May 2012.
Nike (NYSE:NKE) issued its quarterly earnings data on Thursday reporting $1.17 EPS for the quarter, missing the consensus estimate by $0.20. Revenue for the company’s quarter increased 12.2% year-over-year. Analysts expect Nike to post $1.19 EPS next quarter.
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