Tag Archives: lead tech

Cisco Guidance Lags Views Amid ‘Inconsistent’ Economy

Networking gear leader Cisco Systems late Wednesday reported fiscal Q1 revenue that missed Wall Street expectations, attributing this in part to the recent U.S. government shutdown, and gave Q2 guidance that also missed. Cisco (CSCO) said revenue for the period ended Oct. 26 rose 2% from the year-earlier quarter to $12.1 billion. Analysts polled by Thomson Reuters had expected $12.36 billion. In a conference call with analysts, Cisco CEO John

Pharmacyclics Drug Wins One Approval, Awaits Another

The Food and Drug Administration approved Pharmacyclics’ (PCYC) cancer drug ibrutinib Wednesday, but it only cleared one of the two diseases the company had applied to treat. The FDA approved the drug, now renamed Imbruvica, to treat mantle-cell lymphoma, a rare form of lymphoma currently treated with Celgene’s (CELG) Revlimid and Takeda’s Velcade. It’s only the second product to be approved under the agency’s new “breakthrough therapy”

NQ Mobile Execs To Buy Stock In Fight Vs. Short Firm

NQ Mobile stock was down again in after-hours trading Tuesday, after the under-fire Chinese tech firm reported Q3 EPS merely in line with analyst views. The company also did not have an update from its special committee of independent directors that is investigating charges from short-selling firm Muddy Waters of “massive fraud.” But the company announced that its top executives — including its five highest-ranking execs — would on their own buy