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Dell, HP and Lenovo post mixed results

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first_img whatsapp Show Comments ▼ Share Thursday 19 August 2010 8:53 pm TECHNOLOGY companies delivered mixed results on Wall Street yesterday, as computing heavyweights Hewlett-Packard, Dell and Lenovo posted large profits but missed some forecasts. Hewlett-Packard’s quarterly profit climbed 6.1 per cent on higher global sales and growth in the company’s core consumer market. The world’s biggest PC producer announced $1.77bn (£1.14bn) in pre-tax gains, up from $1.67bn a year earlier. Revenue climbed 11 per cent to $30.73bn, though restructuring and acquisition costs hit overall figures. Dell said it expected a continued pick up in demand for PCs from corporate customers for the next several quarters, as revenue rose 22 per cent to $15.5bn. It beat Wall Street’s estimate of $15.2bn, thanks to strength in sales of servers and networking products as large companies upgraded equipment after years of austerity. The world’s third biggest computer maker reported net income in the quarter of $545m, up from $472m in the same period last year. It increased its income growth forecasts from 18 to 23 per cent, though shares dropped in late trading as the figures were less spectacular than investors had hoped. Meanwhile, Lenovo said it was banking on fresh demand from corporates and rapid expansion in emerging markets to fuel growth, as it unveiled a third consecutive quarterly profit.Lenovo posted a pre-tax profit of $54.86m on the three months to July, better than the $16m loss seen a year ago, but slightly below expectations for a $57.1m profit. The firm has been trying to return to its roots as an emerging markets specialist after it struggled to integrate overseas assets it acquired when it bought IBM’s laptop business in 2005. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Dell, HP and Lenovo post mixed results whatsapp Tags: NULLlast_img read more

GiG fined $25k for New Jersey geolocation failings

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first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Gaming Innovation Group (GiG) has been fined $25,000 (£19,140/€22,300) by the New Jersey Division of Gaming Enforcement (NJDGE) for breaching geolocation rules in the US state.The operator accepted a single online bet from someone located outside of New Jersey’s state boundaries.The NJDGE has opted not to disclose the value of this bet nor the type of wager that was placed.New Jersey law strictly limits operators to only taking bets from people who are inside the state and the regulator has issued the fine as a result of this breach.GiG, which is yet to comment on the ruling, won approval to launch its online gambling services in New Jersey in June 2018. This January, GiG launched a new land-based and online sportsbook in partnership with Hard Rock Hotel & Casino Atlantic City.Earlier this year, GiG also secured a vendor registration to enter into the New Jersey affiliate market. GiG is now able to refer website traffic to regulated casinos and sportsbooks on a cost-per-acquisition basis.GiG is the latest leading online operator to face a fine in New Jersey after the state’s regulator also handed out financial penalties to GVC Holdings, The Stars Group and Rush Street Interactive in recent months.PokerStars operator The Stars Group was fined $10,000 for accepting bets on basketball games featuring teams from two colleges in the state, while Rush Street was issued a penalty of $30,000 for allowing minors to access its igaming services – the first punishment for this offence in New Jersey. GVC’s bwin brand, meanwhile, was fined $81,000 after allowing a number of self-excluded players to gamble via its platform.Image: Famartin Email Address GiG fined $25k for New Jersey geolocation failings Gaming Innovation Group (GiG) has been fined $25,000 (£19,140/€22,300) by the New Jersey Division of Gaming Enforcement (NJDGE) for breaching geolocation rules in the US state. Tags: Online Gambling Companies: GiGcenter_img 2nd May 2019 | By contenteditor Regions: US New Jersey Subscribe to the iGaming newsletter Topics: Legal & compliance Legal & compliancelast_img read more