Microsoft records highest market value ever
Microsoft and its developments in AI are very popular with investors. Recently, its highest share price ever meant the company recorded a record market value of a whopping $2.59 trillion.
Tech investors expect a lot from developments around AI. They see Microsoft as the current market leader in ... Read more
Zendesk investors favour $10 billion takeover
Zendesk announced that its shareholders approved a $10.2 billion acquisition by the private investors Permira and Hellman & Friedman.
Zendesk develops CRM software for more than 200.000 customers. The company strives to create growth and innovation through flexible and custom solutions.
I... Read more
Zendesk investor Light Street aims to block acquisition and oust CEO
A significant Zendesk stakeholder intends to fight a prospective acquisition and proposed a billion-dollar alternative to keep the business apart.
Zendesk recently announced it would be acquired by a consortium of investors. Light Street, one of its major stakeholders, has announced it will vote... Read more
Apple stock slips due to cost-cutting rumours
Apple's stock slipped by 2 percent after Bloomberg published a report indicating the tech giant plans to scale down its operations next year – including slowing hiring and cutting spending.
Insider sources told Bloomberg that the cuts will only affect certain business units, whereas other dep... Read more
Snowflake share price plummets regardless of notable yearly growth
Although Snowflake generated a hefty turnover in the past fiscal year, its share prices fell drastically. Furthermore, Snowflake announced the acquisition of Streamlit, an open source framework for building and sharing data applications.
The annual figures for the fiscal year of 2022 show that S... Read more
Stocks of GameStop, Dogecoin skyrocket due to social media
The stock prices of several ailing companies have exploded in recent days due to Reddit users who saw a gap in the market. Amid the financial chaos, the value of cryptocurrencies like Dogecoin also saw a huge surge.
After users of Reddit page r/wallstreetbets realised that more than 100 percent ... Read more
Nokia repurchases bonds to strengthen financial position
Network supplier Nokia has made an offer to owners of bonds to repurchase them for cash. The network provider wants to improve its debt position with this offer.
According to Reuters, these are so-called 1 percent bonds that expire mid-March of 2021. The Finnish network provider is offering... Read more
‘Mitel and Avaya are talking about taking over $2 billion.’
Telecommunications equipment manufacturer Avaya Holdings would be in talks with competitor Mitel Networks to merge. This would amount to USD 2 billion (EUR 1.8 billion). That's what insiders say about the Wall Street Journal.
According to those insiders, Mitel offers between 20 and 22 dollars per s... Read more
Equity Box down more than 20 percent after disappointing expectations 2019
Box's share price fell dramatically today. During the stock exchange day in the United States, the value of shares fell by more than 24 percent. This was after the company not only reported poor results for the fourth quarter of 2018, but the forecast for 2019 was also disappointing.
Last November B... Read more
IBM’s share up 7 percent, quarterly revenue is disappointing
IBM saw its share price rise significantly today - by as much as seven percent. This is despite the fact that the company's fourth quarter performance was worse than in the previous quarter. However, the higher rate can easily be explained: IBM's performance was better than expected despite the decl... Read more