China Mobile, the world’s largest phone company by users, has never used its Apple-like cash hoard to make big acquisitions. But is that about to change? China Mobile (CHL) Chairman Xi Guohua said on the wireless firm’s Aug. 14 earnings conference call that the company is looking for “investment opportunities” that would “help grow our core telecom business.” With some $73 billion of net cash on its balance sheet (Apple (AAPL) reported $165
Salesforce.com continues to carve growth out of the cloud. The maker of software that enterprises access via the Internet cloud late Thursday posted fiscal Q2 earnings and sales that edged analyst expectations. Its Q3 guidance was a tad below views, but Salesforce (CRM) raised its revenue guidance for the year by $30 million, ahead of analyst estimates. Salesforce.com stock was up 1% in after-hours trading, after releasing results for the quarter
Traditionally, IBD’s Computer Software-Medical group hasn’t been a land of giants. With the automation of doctors’ back offices being a fairly recent trend, the field has been a playland of startups, many of them having gone public within the last decade. But on Aug. 5, Cerner (CERN), already the largest player in the group, announced it would nearly double in size with the $1.3 billion acquisition of Siemens’ (SIEGY) health IT unit. Combined, the