Tag Archives: lead tech

Tesla Said On Track To Dominate Electric-Car Field

Credit Suisse on Thursday initiated coverage on Tesla Motors (TSLA), saying its all-electric cars are on course to disrupt the $1 trillion new-vehicle industry. Analyst Dan Galves initiated coverage with an outperform rating and a price target of 325. Tesla stock was up a fraction in afternoon trading in the stock market today, near 261. Compared with common gasoline-powered autos, “We believe that Tesla has already proven that electric vehicles

NetEase Mobile Game Push Stalls, But Q2 Beats

NetEase (NTES) stock rose Thursday, though the Chinese online gaming company continues to have trouble gaining traction with mobile games. The company late Wednesday posted a Q2 earnings beat, with revenue growth driven by nongaming segments. NetEase was up more than 1.5% in afternoon trading in the stock market today, near 85.50 and just shy of the company’s all-time high of 86.75, which it hit on July 29. NetEase stock is up nearly 35% in the

Cisco Announces Layoffs To Reaccelerate Growth

Cisco Systems said late Wednesday that it would cut 6,000 jobs, or 8% of its workforce. It also offered only tepid guidance for fiscal Q1, though its Q4 earnings and revenue beat Wall Street expectations. Revenue continued to slip and so did net income for the No. 1 maker of networking gear, which is shifting its emphasis to data-center products and other fields as sales of its core routers and switches fall. Cisco (CSCO) stock was down 1% in