All good gaming things must come to an end, and Sony recently started phasing out its flagship handheld gaming console, the PlayStation Portable, after nearly 10 years and reported sales of 76 million-plus units. But is PSP’s demise more proof the game is over for all handheld gaming devices, beaten by the popularity of games on smartphones and tablets? Well, at least not yet, says Sony (SNE). Late Monday, the company was expected to announce that
Investors had an unpleasant surprise for ServiceNow after the fast-growing enterprise software company released Q1 earnings late on April 23 that easily beat Wall Street expectations. The company also provided a stronger-than-expected outlook for the current quarter. Yet ServiceNow stock fell more than 6% on April 24, and fell the following two days as well. The investor reaction perplexed ServiceNow (NOW) CEO Frank Slootman, whose company is
IBM last year passed on acquiring Rackspace Hosting and opted instead to acquire cloud-services provider SoftLayer, a deal analysts say is working out so well that IBM again is likely to take a pass on acquiring Rackspace. In May, Rackspace (RAX) said it hired Morgan Stanley to advise on a possible company sale or partnership. But IBM’s (IBM) $2 billion purchase of Dallas-based SoftLayer has put its cloud-computing strategy on a fast track,