Press Releases from Empire Asset Investments (29 total)
Empire Asset Investments Looks At Omen X HP’s insane new gaming PC
In recent news Hewlett-Packard which launched its Omen sub-brand of gaming PCs back in May, has rolled out its newest desktop gaming PC offering. It’s absolutely ridiculous in the best kind of way.
The Omen X is a computer like a Ferrari is a car. Let’s start with its case, which looks like something straight out of “Hellraiser.” A 60-pound behemoth, the Omen X houses its components in a cube that…
Empire Asset Investments Looks Into Sony’s Plans To Unveil Two PlayStation Con …
Sony will debut a redesigned version of its standard PlayStation 4 along with a higher-end PlayStation 4, codenamed “Neo,” during a press event on Sept. 7, according to The Wall Street Journal. Sony revealed the existence of its PS4 “Neo” back in June, but the redesigned PS4 is a new development.
As Polygon and Kotaku point out, the redesigned PS4 popped up in a listing on the online classified site Gumtree.…
Empire Asset Investments Checks If Alibaba’s dominant cloud business could tak …
Chinese e-commerce giant Alibaba (BABA) reported stellar fiscal first-quarter earnings on Thursday propelled by revenues that spiked 59%, surging past Wall Street estimates. And while talk of e-commerce transactions soaring on mobile dominated the announcement, analysts also paid close attention to the company’s cloud computing business, Alibaba Cloud — and for good reason.
Founded in 2009, Alibaba Cloud has evolved into China’s dominant cloud computing services provider, offering clients including Dutch…
Empire Asset Investments Tracks Apple in Talks to Feature Twitter App on Apple T …
The early bird catches the Apple? That's reportedly the narrative between Apple and Twitter, as sources tell The New York Times that the companies are discussing an Apple TV-Twitter partnership.
This partnership would feature the Twitter app on Apple TV, giving Apple TV users the ability to stream NFL games. Both companies didn't offer comments to The New York Times.
Twitter's move for live-streaming rights wasn't cheap, clocking in at approximately $10…
Empire Asset Investments Closely Looks At Alibaba Stock Advancing Ahead of Q1 Re …
Last week shares of Alibaba (BABA) were higher in early-afternoon trading on Tuesday, ahead of the company's 2017 first-quarter results, due out before Thursday's market open.
The company is expected to report earnings of 63 cents on revenues of $4.51 billion. Last year, Alibaba posted earnings of 59 cents on revenues of $3.27 billion for the same quarter.
While Alibaba is China's largest e-commerce company, it could still be hurt by…
Empire Asset Investments Closely Looks At Google Maps As They Expand Ridesharing …
In recent news and for a while now, we’ve been able to go to the Google Maps app and see how much it would cost to get an Uber to our destination. We could then tap a button to open the Uber app and order the car. Google expanded the feature to ride-hailing apps such as 99Taxis in Brazil and Ola Cabs in India. Now, the feature is coming to…
Empire Asset Investments Tracks Cisco As They Face Startup Competition In Softwa …
This week startups led by Viptela are giving Cisco Systems (CSCO) and Juniper Networks (JNPR) a big challenge in the emerging market for software-defined wide area networking (WAN) equipment, says asset management firm Robert W. Baird.
Telecom companies such as AT&T (T) and Verizon Communications (VZ) are shifting to software-based, so-called "intelligent networking architectures" to serve enterprise customers. Cisco and Viptela are Verizon's initial technology partners for the telecom company's recently…
Empire Asset Investments Closely looks At Apple Said to Buy AI Startup Turi Inc …
Apple Inc. acquired artificial intelligence startup Turi Inc. for about $200 million, according to people familiar with the situation, in the latest deal by the iPhone maker to accumulate advanced computing capabilities for its products and services.
Turi helps developers create and manage software and services that use a form of AI called machine learning. It also has systems that let companies to build recommendation engines, detect fraud, analyze customer usage…
Empire Asset Investments Follows Twitter Closely As Shares Dive After Update Dis …
Twitter's shares fell hard after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users.
Shares were down nearly 11 percent at $16.45 in Tuesday's after-hours trade following the report, which showed Twitter's loss narrowed to $107 million in the second quarter from $136 million a year earlier.
Significantly for investors, the number of monthly active users edged up to…
Empire Asset Investments Follows BlackBerry As They Unveil Second, Cheaper, Andr …
BlackBerry Ltd unveiled a second Android-based handset on Tuesday, a device combining Alphabet Inc's popular software and broad app catalog with the Canadian company's security and productivity features at a lower price.
The faded smartphone pioneer is hoping the DTEK50 will sell in greater numbers than the Priv, its first phone using the Android operating system, which Chief Executive John Chen has said suffered because of its high price.
The company said…
Empire Asset Investments Follows Tesla As They Rush To Finish Their Gigafactory …
Tesla has doubled the labor force working on its $5 billion high-tech factory in the Nevada desert, attempting to finish construction on a new and much tighter schedule, according to a report in The Wall Street Journal.
The company wants to have the factory ready for the launch of its Model 3, a $35,000 car meant to be a more affordable version of its high-end electric sedans and sports cars, the…
Empire Asset Investments Follows Abe Plans Of Stimulus Package With More Than 28 …
Japanese Prime Minister Shinzo Abe announced plans Wednesday for more than 28 trillion yen ($265 billion) in economic stimulus in an effort to prop up the nation’s economy.
The plan will include 13 trillion yen in “fiscal measures,” he said in excerpts of a speech broadcast by NHK public television. Abe added that the package would be compiled next week, but it was unclear how much of it would be new…
Empire Asset Investments Follows Nintendo As Shares Plunge 16% On Pokemon Go War …
This week Nintendo shares dived Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits for the Japanese videogame giant.
The stock plunged about 16 percent to 23,720 yen in early trading after it more than doubled in a huge rally following the game's release earlier this month making it more valuable than Sony at one stage.
Markets cheered the game's global success as…
Empire Asset Investments Follows China’s Telecom Giant Huawei First Half Reven …
Chinese telecoms equipment giant Huawei said on Monday that revenue surged 40 percent year-on-year in the first half of 2016, boosted by steady growth in smartphone sales.
Total sales revenue reached 245.5 billion yuan ($36.7 billion) in January-June, audited results released in a company statement showed.
The company did not provide a breakdown of the figures.
"We are confident that Huawei will maintain its current momentum, and round out the full year in…
Empire Asset Investments Follows Bidders Offering More Than $5 Billion For Yahoo …
During last week on Thursday several suitors are bidding $5 billion or more for the principal business of struggling Internet pioneer Yahoo.
CNBC, citing unnamed sources close to the situation, said Yahoo’s board of directors will meet Friday to review offers ahead of a final round of bidding expected to lead to a decision by mid-July.
US telecom titan Verizon was among low bidders offering more than $3.5 billion for Yahoo, according…
Empire Asset Investments Follows Bidders Offering More Than $5 Billion For Yahoo …
During last week on Thursday several suitors are bidding $5 billion or more for the principal business of struggling Internet pioneer Yahoo. CNBC, citing unnamed sources close to the situation, said Yahoo’s board of directors will meet Friday to review offers ahead of a final round of bidding expected to lead to a decision by mid-July.
US telecom titan Verizon was among low bidders offering more than $3.5 billion for Yahoo,…
Empire Asset Investments Follows Nest Co-Founder Fadell Fly The Coop
Last Friday Nest co-founder Tony Fadell said he was stepping down as head of the Alphabet owned company to become an advisor to chief executive Larry Page.
Former Apple engineers Fadell and Matt Rogers founded Nest six years ago, launching with a thermostat that synchs to the Internet and learns from use patterns.
Google acquired Nest in early 2014 in a deal valued at $3.2 billion, and it later became a unit…
Empire Asset Investments Follows Samsung’s Drug-Manufacturing Unit Plans To Go …
Thursday last week South Korea’s Samsung announced a plan to list shares of its drug-manufacturing unit on Seoul’s stock market as it eyes the bio-medical business as a new engine for growth.
Samsung Biologics’ board members agreed Thursday to list the firm’s shares on Seoul’s main Kospi bourse by the end of this year in a step to fund more investment, the firm said in a statement.
The firm produces biopharmaceutical drugs…
Empire Asset Investments Follows Samsung’s Drug-Manufacturing Unit Plans To Go …
Thursday last week South Korea’s Samsung announced a plan to list shares of its drug-manufacturing unit on Seoul’s stock market as it eyes the bio-medical business as a new engine for growth.
Samsung Biologics’ board members agreed Thursday to list the firm’s shares on Seoul’s main Kospi bourse by the end of this year in a step to fund more investment, the firm said in a statement.
The firm produces biopharmaceutical drugs…
Empire Asset Investments Follows Microsoft As They Open In To Mixed Reality Thro …
This Week the US technology Giant Microsoft announced that Windows software already powering a wide range of devices including HoloLens augmented reality headgear is being opened to partners interested in building devices for “mixed reality” experiences.
Microsoft is out to use Windows software to do for virtual reality what it did for personal computers make them commonplace in the home.
Devices built on the Windows platform will be interoperable, meaning…
Empire Asset Investments Follows Amazon As Virtual Assistant Alexa Boasts 1,000 …
On Friday last week Amazon boasted that its virtual assistant Alexa is capable of 1,000 “skills,” as the online retail giant bolsters defenses against rivals such as Google and Apple.
The Seattle-based company said in a blog post that the programs were developed specifically for the voice-commanded Alexa software used in Amazon devices such as Echo and Fire TV.
Amazon released voice-enabled wireless speaker Echo in late 2014, infusing it with virtual…
Empire Asset Investments Follows Baidu As Regulator Questions Their Business Mod …
Last month the Internet giant Baidu, China’s equivalent of Google must change how it displays search results, regulators said Monday, following an outcry over the death of a student whose family used it to seek a cancer cure.
…
Empire Asset Investments Follows Waze Squeeze Into Uber’s Lane With Carpool Fe …
At the beginning of the week Google-owned navigation application Waze began testing a carpool feature that rolls near the home turf of Uber and Lyft.
Waze Carpool stressed that it intended only to help commuters get to or from their jobs, chipping in to cover trip costs, and was not getting involved with the types of on-demand rides that Uber and Lyft offer.
Still, Waze Carpool would serve as an alternative to…
Empire Asset Investments Follows Microsoft’s IoT Push Acquires Italian Firm So …
During last week Microsoft announced on Tuesday it has brought an Italian firm concentrating in connecting smart objects in the Internet of Things (IoT), continuing its push into cloud computing.
The US technology giant did not disclose how much it paid for Solair, which offers software and hardware that lets companies synch smart devices to the Internet. Solair has built a reputation for providing IoT services across an array of industries…
Empire Asset Investments Follows Apple’s Push Into Businesses As They Join Wit …
Last Week Thursday Apple expanded efforts to make its devices must have business tools, unveiling an alliance with German workplace software giant SAP.
The partnership sets out to “revolutionize the mobile work experience” by blending iPhone and iPad applications with capabilities of the SAP software platform for business known as HANA, according to a joint statement.
“This partnership will transform how iPhone and iPad are used in enterprise by bringing together the…
Empire Asset Investments Follows Google Autonomous Car Project Join Fiat Chrysle …
This week on Tuesday Google parent Alphabet announced that it has partnered with Fiat Chrysler in a major growth of its fleet of self-driving vehicles.
The Google autonomous test fleet would be more than doubled with addition of 100 new 2017 Chrysler Pacifica Hybrid minivans, with the companies targeting to have some on the road by the end of this year.
The alliance with Fiat Chrysler Automobiles (FCA) marks the first time…
Empire Asset Investments Follows Sony Computer Entertainment As They Set To Laun …
In Recent news Sony plans to make virtual reality mainstream with the October release of Playstation VR headgear priced at $399.
“Virtual reality represents a new frontier for gaming, one that will forever change the way users interact with games, “Sony Computer Entertainment chief executive Andrew House said during a press conference in San Francisco on Tuesday.
Sony have chosen October for the launch of Playstation VR to allow time for making…
Empire Asset Investments Follows Facebook, Messenger and Instagram Apps Hit Wind …
During this month fresh from reporting stellar earnings, Facebook rolled out applications tailored to Microsoft’s latest operating system for the social network as well as its Messenger and Instagram services.
“There are so many people using Facebook, Messenger and Instagram on Windows, so today we we’re excited to roll out Windows 10 apps for Facebook and Messenger on desktop and Instagram on mobile,” product manager Davis Fields said in a blog…
Empire Asset Investments Follows LG Electronics' As Their 1st Quarter profit soa …
This Month LG Electronics Inc has reported a stunning jump in its first-quarter earnings. The South Korean company said on Thursday it earned 191 billion won ($A220 million) in the January-March period, compared with 2 billion won a year earlier.
The results were its best since mid-2014. Operating profit jumped 66 per cent to 505 billion won even as sales weakened 5 per cent to 13.4 trillion won.
The big jump…
