Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout
Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout.
Computers / Consumer Electronics
Zendesk Stock Soars on Report of Fresh Buyout Deal
Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris / Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $ 88.95 in … Read more
Zendesk Close to Striking Buyout Deal, Sources Say
Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equity takeovers of the year. A deal with a group that includes Hellman & Friedman LLC and Permira could be … Read more
Adobe Stock Is Falling After Hours. Earnings Guidance Was Disappointing.
Text size Software giant Adobe’s light guidance overshadowed a strong fiscal-second-quarter report. Dreamstime Adobe stock is losing ground in late trading Thursday after the provider of software for creativity, marketing, and documents provided softer-than-expected guidance for both the August quarter and the full fiscal year ending in November. Adobe is feeling the effects of both … Read more
Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.
Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell / Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in … Read more
Alibaba Stock Jumps to 2-Month High. Thank Videogames.
Text size Alibaba and other Chinese tech stocks have been beaten down amid regulatory pressures. Greg Baker / AFP via Getty Images Alibaba and other Chinese tech stocks roared higher on Wednesday as a wave of videogame approvals from regulators in China boosted sentiment on the sector. China’s gaming regulator greenlit the publishing licenses for … Read more