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BlackBerry posts FY net loss of USD 5.9 billion
2014-03-28 15:00:00| Telecompaper Headlines
(Telecompaper) BlackBerry has reported revenue of almost USD 976 million for the fourth quarter ending 01 March, down 18 percent or USD 217 million from around USD 1.2 billion in the previous quarter and down 64 percent or USD 2.7 billion from a year earlier. The revenue breakdown for the quarter was around 37 percent for hardware, 56 percent for services and 7 percent for software and other revenue. In Q4, BlackBerry generated hardware revenue on around 1.3 million smartphones, compared to around 1.9 million in Q3. Around 3.4 million BlackBerry smartphones were sold through to end customers in Q4, of which around 2.3 million were BlackBerry 7 devices. GAAP loss from continuing operations for Q4 was USD 423 million, compared to a loss of USD 4.4 billion in the previous quarter. Revenue from continuing operations for the year was USD 6.8 billion, down 38 percent from USD 11.1 billion in FY 2013. The GAAP net loss from continuing operations for fiscal 2014 was USD 5.9 billion, down from a net loss of USD 628 million a year earlier.
Facebook buys virtual reality firm Oculus for USD 2 bln
2014-03-26 09:51:00| Telecompaper Headlines
(Telecompaper) Facebook has signed a definitive agreement to acquire immersive virtual reality technology specialist Oculus VR for a total of around USD 2 billion. This includes USD 400 million in cash and 23.1 million shares of Facebook common stock (valued at USD 1.6 billion). The deal also provides for an additional USD 300 million earn-out in cash and stock based on the achievement of certain milestones. Oculus has received more than 75,000 orders for development kits for the Oculus Rift virtual reality headset. Facebook plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas. The deal is expected to close in Q2 2014.
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Census Project in EMEA Brings Top Image Systems over $1M USD
2014-03-24 05:00:00| Industrial Newsroom - All News for Today
TIS Leads in Market Share for Census Processing Worldwide<br /> <br /> Tel Aviv -- Top Image Systems Ltd. (NASDAQ: TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider, announced an eFLOW® deployment worth over $1.0M USD to process the digital census of a country in EMEA with a population of over 15 million. The project follows Top Image Systems' recognition as an approved vendor for the UNPFA (United ...This story is related to the following:Business Intelligence Software |
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Northland Launches USD 50-75 Million Super Senior Bridge Bond Offering
2014-03-21 13:27:23| Appliances - Topix.net
OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PRESS RELEASE.
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Global digital music sales top USD 1 bln for first time
2014-03-18 15:09:00| Telecompaper Headlines
(Telecompaper) Global revenues from streaming and subscription music services increased 51.3 percent in 2013 to break the USD 1 billion level for the first time, according to data from the International Federation of the Phonographic Industry (IFPI). Overall global music sales fell by 3.9 percent to USD 15 billion in 2013. Global revenues from subscription and advertising-supported streams now account for 27 percent of digital revenues, up from 14 percent in 2011. More than 28 million people worldwide now pay for a music subscription, up from 20 million in 2012 and 8 million in 2010. Digital downloads remain a key revenue stream, accounting for 67 percent of digital revenues. Revenues from downloads globally fell by 2.1 percent in value, with this fall offset by increases in streaming and subscription revenue.
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