Malathi's Feed
Feb 4, 2014

Microsoft’s journey: four decades, three CEOs

SAN FRANCISCO, Feb 4 (Reuters) – Satya Nadella’s elevation
to CEO and co-founder Bill Gates’ decision to relinquish his
chairmanship at Microsoft Corp marks a changing of the
guard at a 39-year-old company that fueled the PC revolution but
is now struggling to establish its long-term identity.

Here are some highlights in the four-decade journey of the
world’s largest software maker:

Feb 3, 2014

Take-Two raises full-year target but fourth-quarter outlook misses

SAN FRANCISCO (Reuters) – Video game publisher Take-Two Interactive Software (TTWO.O: Quote, Profile, Research, Stock Buzz) raised its full-year outlook again after smash hits “Grand Theft Auto V” and “NBA 2K14″ helped it post a better-than-expected fiscal third-quarter revenue.

But it gave a March quarter forecast that was weaker than expected. Shares in Take-Two were down 2 percent in after-hours trading after closing at $18.90 on the Nasdaq.

Feb 3, 2014

Take-Two raises full-year target but Q4 outlook misses

SAN FRANCISCO, Feb 3 (Reuters) – Video game publisher
Take-Two Interactive Software raised its full-year
outlook again after smash hits “Grand Theft Auto V” and “NBA
2K14″ helped it post a better-than-expected fiscal third-quarter
revenue.

But it gave a March quarter forecast that was weaker than
expected. Shares in Take-Two were down 2 percent in after-hours
trading after closing at $18.90 on the Nasdaq.

Feb 3, 2014

Take-Two’s third-quarter tops Street view, but fourth-quarter outlook misses

SAN FRANCISCO (Reuters) – Video game publisher Take-Two Interactive Software (TTWO.O: Quote, Profile, Research, Stock Buzz) reported third-quarter results on Monday that beat Wall Street expectations, helped by its holiday hits “Grand Theft Auto V” and “NBA 2K14,” but it gave a forecast for its fiscal fourth quarter that was weaker than expected.

Shares in Take-Two were down 2 percent in after-hours trading after closing at $18.90 on the Nasdaq.

Feb 3, 2014

Take-Two’s 3rd-qtr tops Street view, but 4th-qtr outlook misses

SAN FRANCISCO, Feb 3 (Reuters) – Video game publisher
Take-Two Interactive Software reported third-quarter
results on Monday that beat Wall Street expectations, helped by
its holiday hits “Grand Theft Auto V” and “NBA 2K14,” but it
gave a forecast for its fiscal fourth quarter that was weaker
than expected.

Shares in Take-Two were down 2 percent in after-hours
trading after closing at $18.90 on the Nasdaq.

Jan 31, 2014

Zynga seals $527 million mobile game deal, axes jobs in revival drive

SAN FRANCISCO (Reuters) – Zynga Inc will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for $527 million to refresh a stalled games pipeline, moves that sent its stock soaring 20 percent in after-hours trading.

Chief Executive Officer Don Mattrick, hired last year, is taking aggressive action to revive a company that developed “Farmville” and once dominated gaming on Facebook Inc’s social network, but is now struggling to adapt to the rise of mobile gaming.

Jan 30, 2014

Zynga attacks costs, to slash headcount by 15 percent

SAN FRANCISCO (Reuters) – Video game maker Zynga Inc said on Thursday it would slash its workforce by 15 percent and posted a narrower-than expected quarterly loss, sending shares up 20 percent.

The San Francisco-based game company, known for its “Farmville” game, is expected to cut about 314 jobs as part of an expanded cost savings plan, the company said.

Jan 28, 2014

Electronic Arts lowers 2015 revenue forecast; shares fall

SAN FRANCISCO, Jan 28 (Reuters) – Video game publisher
Electronic Arts Inc lowered its 2015 revenue forecast on
Tuesday as the arrival of new Xbox and PlayStation 4 consoles is
resulting in weaker sales of games for older consoles.

EA’s shares were down 3 percent in after-hours trading after
closing at $24.87 on Nasdaq on Tuesday.

Jan 6, 2014

Feature – App developers see wearable devices as next big thing

SAN FRANCISCO (Reuters) – Wearable computers like Google Glass and the Samsung Galaxy Gear watch may not have caught fire yet, but that hasn’t stopped mobile game developers from rushing to create apps for the new devices, eager to seize what they hope is the next big moment in consumer technology.

Niccolo DeMasi, the CEO of mobile games maker Glu Mobile, compares the potential of wearables to that of Apple Inc’s iPhone launch in 2007 – an event that was the catalyst to create much of the mobile app world that exists now.

Jan 6, 2014

App developers see wearable devices as next big thing

SAN FRANCISCO, Jan 5 (Reuters) – Wearable computers like
Google Glass and the Samsung Galaxy Gear watch may not have
caught fire yet, but that hasn’t stopped mobile game developers
from rushing to create apps for the new devices, eager to seize
what they hope is the next big moment in consumer technology.

Niccolo DeMasi, the CEO of mobile games maker Glu Mobile
, compares the potential of wearables to that of Apple
Inc’s iPhone launch in 2007 – an event that was the
catalyst to create much of the mobile app world that exists now.