King Digital Entertainment, maker of mobile game “Candy Crush Saga,” filed for a U.S. initial public offering of up to $500 million Tuesday, revealing powerful profit and revenue growth. “Candy Crush Saga” is played on Apple’s (AAPL) iPhone and devices using Google’s (GOOG) Android operating system. Dublin-based King Digital, in a regulatory filing, said it had Q4 revenue of $602 million, up from $70 million a year earlier. The
Information technology research firm Gartner is urging Microsoft ‘s new CEO Satya Nadella to break with the past and support competing operating systems such as Apple ‘s iOS and Google’s (GOOG) Android. In a report Tuesday, Gartner (IT) analyst Merv Adrian said Microsoft must “acknowledge its customers’ heterogeneity by supporting Google and Apple (AAPL) client environments, the Linux/Java environment on servers, and cloud-based services in general.” Nadella must quickly demonstrate a willingness to veer from a “business as usual” strategy, Adrian says. “His insider status raises the risk of his being overly respectful of existing businesses, and hanging back from tough decisions that potentially threaten them but are critical to generating innovation,” he wrote. Nadella has worked at Microsoft for 22 years. He was executive vice president of Microsoft ‘s (MSFT) Cloud & Enterprise group when he was appointed CEO on Feb. 4. Nadella’s insider understanding of Microsoft’s culture could…
Tesla Motors (TSLA) stock rose to a new high Tuesday, a day ahead of the electric car maker’s fourth-quarter earnings report, and on the heels of an Apple (AAPL)-related rumor. The run-up in Tesla stock, which has advanced 36% this year after jumping 344% in 2013, comes despite the latest in a string of fires in the luxury Model S sedan. Apple is looking at cars and medical devices to diversify its revenue sources, the San Francisco Chronicle