Cisco Systems continued to see some customers holding back on hardware purchases in its fiscal first-quarter due to the pandemic, with sales dropping 9% for a second consecutive quarter compared to last year. However, CEO Chuck Robbins said on an earnings call that customer spending is bouncing back as companies grow accustomed to the new reality. Cisco expects sales to be flat to down 2%...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
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