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Forensic Experts Reveals: Sony Cyber Attack Was Pretty Unique

December 9, 2014 By Rebecca McGhee Leave a Comment

Sony Cyber attack

Sony Pictures Entertainment hired a private forensic expert to inspect the huge cyber attack.  The destructive cyber attack that shut down all the serves of the Sony.

The experts reveal that hacker is an extremely well organized group. They created a really unique way to get hold of all the network lines of the company.

Kevin Mandia, director of operation of FireEye used merely three words to describe the nature of the attack. He called it “unique”, “unprecedented” and “damaging”.

Madia claims that the attack was pretty unexpected for the company as it is quite different from the usual attacks. The chief aim of the attack was to destroy and unveils the confidential information of the company.

Sony is also working with other law enforcement agencies to determine the origin of the attack. Currently, the main focus of the firm is to stop the release of confidential documents on the internet.

The statement of Mandia will also fight with the criticism of people. Sony faced a lot of criticism on this incident. People said that the tech giant failed to protect its system from cyber assault.

The statement certainly answers a few questions regarding the attack. However, the statement did not shed any light on the damages of the company.  Investors are extremely curious to know how much damage the attack caused.

Investigators informed that attack damaged the entire network of Sony. It infested all the hard drives of the company’s computer. Hence, Sony needs to repair or replace them in order to continue the work.

Filed Under: Tech & Science Tagged With: damage, FireEye, hackers, investors, security experts, Sony, Sony Pictures Entertainment

Tesla Shares Mounted Up After Third Quarter Report: Increased 2 Cent

November 6, 2014 By Brian Galloway Leave a Comment

Telsa motors thrid quarter report

Tesla Motors shares mounted up shortly after the company announced its third quarter results. The electric car makers’ third quarter report smashed all the predictions of analysts.

Teslaa experienced a great loss in the third quarter report. Immediately after this report the company announced the overall reduction of next year’s deliveries. The sales of the third quarter were around 7,785 that are to some extent less than the predictions of the CEO.

Shortly after the release of third quarter report the shares of the company ascended up to 7 percent. The American based car manufacture stated that it earned nearly $3 million. This amount is relatively better than the loss of third quarter.

However, the revenue of the third quarter is still more than the entire profit of last year. The third quarter reported $852 million whereas the previous year’s profit was $431 million.

Elon Musk, the CEO of Tesla informed that the major problem of the company is its production.  He repeated the aim of the company to produce nearly 100, 00 vehicles till the end of 2015.

Moreover, Musk notified that the company invested around $350 million in order to boost the capacity.

Matt Delorenzo, the editor of Kelley Blue Book stated that Telsa needs to display considerable growth in order to remain on the top of the stock market. The upcoming Model X is the center of expectations of all the investors.

Filed Under: Business, Headlines Tagged With: capacity, deliveries, Elon Musk, investors, Kelly Blue Book, loss, Model X, production, Profit, revenue, stock market, Tesla

Amazon Shares Crashed – Investors Out- of- Patience

October 25, 2014 By Brian Galloway Leave a Comment

Amazon investors

In the past, Amazon behaved like a perfect customer for its own website. It gives a free hand to all the big investors  of the company.

On the other hand, investors  showed confidence on the investment strategies created by  Jeff Bezos.

17 years ago when the online retailer filed the IPO people expected it to face several unpredicted losses in the future. However, Amazon put in a large amount of money in order to expand the business and sales.

Afterwards, Bezos tried to create some extremely innovative tactics for shopping, ebooks and cloud in order to produce considerable profit. Unfortunately, these new programs consume most of the revenue of the company.

Earlier, it looked like investors are interested in the long game of Bezos. Nowadays, it seems like all the investors are fed up of this game.

On Thursday, the company reported a huge loss in the third quarter. Moreover, Amazon delivered a distressing prediction regarding to the upcoming holidays.

Shortly, after this declaration investors nearly put up for sale 10 percent of the shares. It signifies that the firm has almost lost 28 percent of its original worth. This 28 percent is approximately $287.06 as per the Friday reports.

A Synovus Trust portfolio manager, Daniel Morgan  stated that he possesses some of the shares of Amazon. Currently, he has no intention of selling them, but sadly not all of the investors think like Morgan.

Generally, Investors want  the reason from the companies for such a huge loss.  It becomes really difficult for any company to satisfy their investors at this kind of  tough time. Especially when they have another option to invest their precious money.

Same is the case with Amazon, now investors consider putting their money in Alibaba. Alibaba is a Chinese e-commerce company which recently generated the largest revenue.

Filed Under: Business, Headlines Tagged With: 10 percent shares, Alibaba, Amazon shares, Amazon third quarter, Bezos, investors, predictions, react, sell

Google’s Pichai Oversee Major Products and Services

October 25, 2014 By Germaine Hicks Leave a Comment

Pichai new incharge

Larry Page, Google CEO put the top lieutenant Sundar Pichai in charge of the most of the leadership products of the company.

Pichai, 42 years old Indian who will supervise the products like search, maps, commerce, and advertising unit from now onwards. These are the regions that generally generate a large sum of revenue for the company.

This alteration in the company will take several responsibilities from Page’s shoulders. It will allow Page to design some new tactics for the progression of the company.  Earlier, six Executives who belong to different departments of the internet company used to report Page. However, Pichai will look after those sector after this big change in the structure of the company.

Nonetheless, the new order will not affect the executives of YouTube. They would still inform Page directly about everything regarding the video website of the company.

Google failed to produce a considerable profit and revenues in the third quarter of the year. Therefore, Some of the important investors of Google compel the CEO to take some major steps in the development of the firm.

This year the world’s largest Internet search engine experienced numerous modifications. Nikesh Arora who was the Chief Business Officer, said goodbye in order to take charge of Japan’s Softbank Corp.

A large number of companies consider Pichai as an incredible CEO material. Besides these responsibilities Pichai will manage Chrome software and Android department as well.

Filed Under: Tech & Science Tagged With: CEO, Chrome department, Google Android depatment, investors, Larry Page, Pichai, reason, SoftBank, YouTube executives

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