Tag Archives: lead tech

Tesla, Mobileye Rev Up On Future Of Self-Driving Car

Tesla Motors (TSLA) and Mobileye (MBLY) stock stepped on it Monday as the companies’ future in self-driving cars caught investor interest. Could something along the lines of an autonomous Uber ride service, with no drivers, be in Tesla’s future someday? Tesla stock closed up nearly 5% in the stock market today, at 254.99. Expectations that the electric car maker can dominate the autonomous driving market buoyed shares, as Morgan Stanley analysts

Cisco Ends Chambers Era With Another Earnings Beat

Networking leader Cisco Systems late Wednesday put a kicker on the end of Chief Executive John Chambers’ era with an earnings and revenue beat, which was typical of the firm under Chambers’ 20-year reign. Cisco (CSCO) said that earnings minus items for its fiscal Q4, which ended July 25, rose 7.3% from the year-earlier quarter to 59 cents, ahead of the 56-cent consensus forecast of analysts polled by Thomson Reuters. Revenue rose 3.9% to $12.8

At Google’s Alphabet, ‘S’ Is For Spending Discipline

Google co-founders Larry Page and Sergey Brin assure investors their plan to break up the search leader’s wide-ranging operations into smaller, more focused pieces under a new parent called Alphabet will free them up to focus on the company’s “moonshot” efforts, while others nurture the company’s core search business. But what does this radically new approach mean for Google ‘s (GOOGL) newfound spending discipline? Good things, observers say. The