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Google says not close to relaunching search in China

2018-08-17 08:38:00| Telecompaper Headlines

(Telecompaper) Google is not close to launching a search engine in China, its chief executive said at a companywide meeting, according to a transcript seen by Reuters. Employees of Google called for more transparency and oversight of the project to launch again in China.

Tags: search close google china


Starboard takes stakes in Symantec, proposes new board members

2018-08-16 10:45:00| Telecompaper Headlines

(Telecompaper) The activist investor Starboard has acquired a stake in Symantec and is seeking to place five of its representatives on the cybersecurity company's 11-person board. Symantec's share price has nearly halved in the past year after it announced accounting problems, and Starboard thinks it can lead a turnaround at the group. 

Tags: members board takes symantec


Swisscom lifts Q2 revenues by 2.1 percent with 1.5 percent fewer RGUs

2018-08-16 09:58:00| Telecompaper Headlines

(Telecompaper) Swisscom's operating results were within expectations in the first half of 2018. In Q2, net revenue increased by 2.1 percent to CHF 2.92 billion. EBITDA dropped by 8.6 percent to CHF 1.09 billion in the second quarter, while in the Swiss core business, EBITDA dropped by only 3.2 percent to CHF 894 million but at Fastweb, it fell by 30.1 percent to CHF 195 million.

Tags: percent fewer revenues lifts


Lenovo returns to profit as quarterly sales grow 19%

2018-08-16 08:50:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago. 

Tags: sales returns profit grow


Cisco sales growth strengthens to 6% in July quarter

2018-08-16 08:33:00| Telecompaper Headlines

(Telecompaper) Cisco Systems reported a strong increase in revenues for its fiscal fourth quarter to July, up 6 percent to USD 12.8 billion, at the high end of guidance. Net profit rose 57 percent to USD 3.8 billion, helped by the US corporate tax reform, and EPS was up 69 percent to USD 0.81, well ahead of the company's outlook. 

Tags: july sales growth quarter


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