Tech Business Roundup: Facebook & Others Up Equinix, Siemens Mulls Cost Reduction
Significant growth in the capital expenditures of Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), and Amazon.com (NASDAQ:AMZN) is being seen, which reflects higher demand for cloud services, online video, and mobile content as worldwide investment in data centers is estimated to jump by 22 percent in 2012, to $105 billion, says the research firm Datacenter Dynamics. This surging demand is also a major reason why Equinix (NASDAQ:EQIX) shares have prospered during the year.
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Siemens AG (NYSE:SI) will possibly describe its job cuts and office closures on Thursday, through which to curb slumping profits as customers postpone ordering engineering equipment, according to Reuters. Chief Executive Peter Loescher’s plan to spur growth with energy-saving and infrastructure products has been unsuccessful, and analysts now think that he will present managers with a plan as much as €4 billion, or $5.2 billion, in cost reductions.
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