Software better than hardware
Cisco Systems reported its first rise in quarterly revenue in more than two years and forecast upbeat current quarter profit, as the network gear maker’s years long efforts to transform into a software focused company appears to be paying off.
Will split its stock
Samsung announced its first stock split as it expects demand for semiconductors to remain firm in 2018, while it posted record annual profit driven by a memory chip “super-cycle”.
Huge payouts to shareholders
Samsung Electronics named a new generation of top managers on Tuesday and promised to reward shareholders with $26 billion in payouts to 2020, as it reported record third quarter profits.
Thanks for the memories
Samsung Electronics has said its second-quarter operating profit rose 72 percent from a year earlier to a new record.
$1.86 billion in the second quarter
MediaTek expects its second-quarter revenues to see sequential increase to $1.86 billion.
Expect the Tame Apple Press to give it another headline
Fruity cargo cult Apple is expected to announce the results of a huge corporate tax dodge today, but expect the Tame Apple Press to be running stories about how wonderful the company is.
All thanks to its chips
Samsung is better than Apple at making money. Sure, it might not have margins as good as the fruity cargo cult, it might not make as much cash, but it appears to be unstoppable.
These are not the record profits that the press claimed
The fruity tax dodging cargo cult may have spun its results last week so that the Tame Apple Press thought that it had done much better than was expected.
Profit leapt by 50 percent
Samsung’s bottom line was not really harmed by the Note 7 fiasco and the outfit saw its fourth-quarter profit leap 50 percent from a year earlier to its highest level in more than three years.