Micron Technology Inc has lost it’s CEO and Chariman Steve Appleton in a small plane crash on Friday. As Micron Technology is already struggling to make ends meet this loss will further drag it behind. The 51-year-old Appleton, a three-decade industry veteran who performed stunts at airshows, died after the small plane he was piloting crashed at an airport in ... Read More »
Sony Suffers $2.9 Billion Loss, New CEO Says Things to Get Worse
Electronics manufacturer Sony has suffered a $2.9 Billion loss annual lose and it’s new CEO Kazuo Hirai who said he will straighten things out but it will all come with pain. Overtaken by more innovative rivals such as Apple Inc and Samsung Electronics over the past decade, Sony posted a $2.1 billion net loss for October-December, normally a strong quarter ... Read More »
Nokia Will Be Back in US very soon!
Nokia is planning to make a very strong come back in the world of smartphones this year. With its new friend Microsoft, the Nokia – Microsoft deal has already created buzz in the market naming itself “IPhone Killer” Earlier this year, Nokia and Microsoft signed a deal to work in the field of Smartphone, the deal will help Nokia to ... Read More »
Zynga CEO Asks Workers To Give Back Stocks
During Zynga’s early days it gave out stocks to its workers to ensure encourage them to work harder for the company. Now the CEO seems to think that it was a bad move, now as Zynga is preparing to enter IPO. The Wall Street Journal said that Pincus, who gave out stock freely to keep top talent early on, developed ... Read More »
Apple’s Lets Talk Iphone kick off on Oct 4- Iphone 5 Announced!
The much anticipated Apple’s Lets Talk IPhone conference has begin and is under way. Key Notes on the Conference: Around 12:58PM, we heard a announcement , “Ladies and gentlemen, our presentation will begin shortly.” Tim Cook, Apple’s new CEO, the successor to Steve Jobs took to the stage around 1:02PM . Tim Cook starts off by quoting, “This is my ... Read More »
Yahoo Fires its CEO Carol Bartz!
Looks like Yahoo is not happy with its financial performance. Carol Bartz was appointed as the CEO of Yahoo after Yahoo was facing financial lethargy. Yahoo was hoping Carol Bartz would turn things around. After being the CEO for almost 2 1/2 years Bartz failed to make any significant change or impress the investors that she is sheering the company ... Read More »
Infosys in safe hand, confident retiring Infosys founder Narayana Murthy
Narayana Murthy, the man credited for revolutionizing the IT industry and contributing to the growth of Indian economy, is all set to retire on August 2011. KV Kamath is to succeed him. Calling the new structure ‘a dream team’, the outgoing chairman Murthy told CNBC-TV18 in an exclusive interview, “I never considered to continue being on the board till the ... Read More »