Billionaire investor Steven Cohen received a subpoena to testify before a grand jury in connection with the United States government’s insider trading investigation against his hedge fund, SAC Capital Advisors, as reported by Ben Protess and Peter Lattman of the New York Times. The latest move of the authorities showed that they are intensifying their criminal investigation to build up a strong case against SAC Capital Advisors and its executives. The subpoena includes other...
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Silicon Valley Tech giants are planning to construct buildings that will be closer to nature. Clearly, all this talk of green campuses started with Apple Inc. (NASDAQ:AAPL)’s forthcoming “spaceship” campus. Apple Inc. (NASDAQ:AAPL) CEO Tim Cook said in an annual shareholder meeting that the company’s new campus site will definitely lead to a good deal of land reclamation. Apple plans to demolish all of the buildings constructed on the ground. Currently, the land is 80...
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When Apple Inc. (NASDAQ:AAPL) announced its plans to build a new headquarters over two years ago the world took notice. Perhaps the universe took notice. If we are being watched by intelligent beings, you can bet they took notice when Apple released it’s plans. The Apple HQ looks undeniably like a spaceship. A spaceship capable of holding nearly double the employees that Apple Inc. (NASDAQ:AAPL) presently has working in Cupertino, CA. If Apple’s headquarters...
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NVIDIA Corporation (NASDAQ:NVDA) has launched its first smartphone processor with integrated 4G LTE and are naming it Tegra 4i. This latest move is NVIDIA Corporation’s biggest bet to make a mark in the smartphone industry. The processor, earlier named “Project Grey”, comes with 60 GPU cores compared to 72 in Tegra 4. It has a 2.3 GHz quad-core CPU, and is integrated with a version of NVIDIA’s i500 LTE modem. According to the company, Tegra 4i...
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Intel Corporation (NASDAQ:INTC) is a whale in the drying sea of desktop and notebook systems. The company controls an estimated 83% of the sales of processors in that market, and has stayed ahead of its competitors in processing power, and fabricating technology. Intel shares are down more than 20% in the last twelve months. how do these two statements match? The firm is the biggest and most prestigious player in a market that is no...
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Advanced Micro Devices, Inc. (NYSE:AMD) filed a lawsuit against three of its former managers and one former vice-president over allegedly coping 100,000 files. The employees, who used to work for a plant in Boxborough, MA have since left the company to work for NVIDIA Corporation (NASDAQ:NVDA). The lawsuit was filed on Monday at the U.S. Court District of Massachussetts against Robert Feldstein, Manoo Desai, Richard Hagen, and Nicolas Kociuk. Feldstein was the former vice president. Advanced Micro...
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NVIDIA Corporation’s (NASDAQ: NVDA) launch of Tegra 4, considered the fastest processor with 4G LTE, was highly anticipated during the CES 2013. But everyone was surprised when the company’s chief executive, Jen Hsun Huang, unveiled a handheld gaming hardware. Nobody had expected that a manufacturer of graphic chips and microprocessors was going to release a handheld Android-based gaming system. Santa Clara, California-based NVIDIA Corporation (NASDAQ: NVDA) entered the chip business in 1993, and eventually made its...
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NVIDIA Corporation (NASDAQ:NVDA) stock fell this morning, in response to the news that the processor manufacturer was planning the release of its very own handheld gaming console. The move represents a new venture for the company, and would put it in direct competition with its former partner Sony Corporation (NYSE:SNE). The company made the announcement last night at CES 2013. Back in 2004, NVIDIA partnered with the Japanese console giant to design the graphics...
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NVIDIA Corporation (NASDAQ:NVDA) reported their 2nd quarter earnings today, and skyrocketed above analysts’ expectations. They showed a 2nd quarter profit of $119 million, which is equivalent to $0.19 per share, when compared to the same period last year, the profit was $151.6 million, or $0.25 per share. The company’s revenue reportedly was $1.04 billion, up from $1.02 billion last year. After all of the adjustments, profit totaled $0.27 per share. These figures beat the estimates...
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The chipmaker, NVIDIA Corporation (NASDAQ:NVDA) rose over 8% this morning as the company reported earnings that beat analysts’ estimates and the firm’s outlook was bullish. Nvidia says they expect second quarter earnings to come in somewhere between $990 million to $1.05 billion, which is much higher than the analyst consensus of $976 million. Looking at the earnings release from today, sales came in at $925 million which was down from last year’s sales of $962 million. ...
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