Eric Schmidt, executive chairman of Google's parent company Alphabet, is worth an estimated $11 billion. While a significant amount his wealth comes from stock he received as Google's CEO, the billionaire credits a few personal finance strategies with helping build his net worth. This isn't the only piece of advice Schmidt has for professionals.
Cisco, the networking giant that for decades thrived on selling proprietary hardware, is moving towards separating out some of its key software for use in non-Cisco switches, The Information reported, citing two people familiar with the company's plans. The new operating system in the works is called Lindt, and the purpose is to keep customers from moving to networking companies like Arista Networks and Juniper Networks, whose software can already run on so-called white box hardware, according to The Information. The move could hurt revenues and profit margins for Cisco's switching business, the company's largest business segment by revenue. The risk is that customers will simply buy Cisco's
General Electric (GE) has had an earnings problem. Not the numbers themselves, but the way they report them.Last year, MarketWatch's Tomi Kilgore noted that General Electric had reported four different earnings metrics when it released it second-quarter financials in July, and concerns about how GE reported its numbers was picked up by analysts including Deutsche Bank’s John Inch, who took issue with the way the industrial giant accounted for Alstom, and Bernstein's Steven Winoker, who said GE needed to "simplify and clean up all financial reporting."With earnings called into question, JPMorgan's C. Stephen Tusa and team contend that bullish investors are now focusing on GE's free cash flow, an "emerging bull case" they call "overstated and not plausible." They explain why: