Project Updates, New Technology Inventions, Agreements, Earnings Releases, and Regulatory Filings - Analyst Notes on Google, IBM, Qualcomm, Baidu and Qihoo Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Google Inc. (NASDAQ: GOOG), International Business Machines Corp. (NYSE: IBM), Qualcomm Incorporated (NASDAQ: QCOM), Baidu, Inc. (NASDAQ: BIDU) and Qihoo 360 Technology Co. Ltd (NYSE: QIHU). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2018-100free.
Google Inc. Analyst Notes
On April 28, 2014, Google Inc.'s (Google) official blog confirmed that after several years of successfully testing self-driving cars on freeways, the Company has shifted its focus on testing these cars on city streets where driving is much more complex with hundreds of different objects moving according to different rules of the road in a small area. "We've improved our software so it can detect hundreds of distinct objects simultaneously?pedestrians, buses, a stop sign held up by a crossing guard, or a cyclist making gestures that indicate a possible turn," wrote Chris Urmson, Director, Self-Driving Car Project, posted in the blog. Urmson also stated that these self-driving vehicles have now logged nearly 700,000 autonomous miles of accident-free driving. The full analyst notes on Google are available to download free of charge at:
International Business Machines Corp. Analyst Notes
On April 30, 2014, International Business Machines Corp. (IBM) reported that its inventors have developed a method for managing how resources are used and work is done within a cloud by distributing control throughout the interconnected systems, reducing bottlenecks and increasing efficiency. IBM informed that this invention was originally developed to help in managing resources in high performance computing systems used for government and academic research. Through this invention, the job scheduling function is broken up into pieces and distributed throughout the system, with a job scheduler assigned to each node of a system or cloud. The full analyst notes on IBM are available to download free of charge at:
Qualcomm Incorporated Analyst Notes
On April 30, 2014, Qualcomm Incorporated (Qualcomm) announced that its subsidiary, Qualcomm Technologies, Inc. (QTI) has signed an agreement with a group of third-party investors to establish Qualcomm Retail Solutions, Inc. (QRS), an existing subsidiary of QTI, as an independent, standalone company. The QRS entity will be renamed as Gimbal, Inc and at close, the third-party investors will collectively assume a controlling interest in the business. Derek Aberle, President of Qualcomm, commented, "Enabling proximal, contextually relevant experiences is an important element of our vision to bridge the digital and physical worlds across retailing, advertising, social networking and other use cases, and Gimbal, Inc. is well positioned to continue to drive industry leadership." According to the Company, Gimbal is a context aware proximity platform that originated in Qualcomm's internal business incubation group before transitioning into QRS. The Company informed that the transaction is expected to close in May 2014. The full analyst notes on Qualcomm are available to download free of charge at:
Baidu, Inc. Analyst Notes
On April 24, 2014, China-based Internet search provider Baidu, Inc. (Baidu) reported its financial results for Q1 2014. Helped by its core search business, the Company posted a growth of 59.1% YoY in revenues at RMB9.5 billion ($1.5 billion). Baidu's revenue exceeds the Zacks consensus estimate of $1.4 billion. Baidu's online marketing revenues, which represent over 99% of the Company's total revenues, were up by 57.5% YoY at RMB9.4 billion. Net income attributable to Baidu was RMB2.5 billion ($407.8 million), representing a 24.1% increase from Q1 2013. The diluted earnings per ADS for Q1 2014 amounted to RMB7.21 ($1.16), versus RMB5.88 in Q1 2013. For Q2 2014, Baidu expects to generate total revenues in the range of RMB11.8 billion ($1.9 billion) to RMB12.1 billion ($2.0 billion), representing a 56.3% to 60.2% YoY increase. The full analyst notes on Baidu are available to download free of charge at:
Qihoo 360 Technology Co. Ltd Analyst Notes
On April 25, 2014, Qihoo 360 Technology Co. Ltd filed the Company's Annual Report on Form 20-F for the full-year ended December 31, 2013 with the U.S. Securities and Exchange Commission (SEC). The Company informed that the annual report on Form 20-F, which contains its audited financial statements, will be available for access on the SEC's website. The full analyst notes on Qihoo are available to download free of charge at:
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