Cascade sells network hardware to telephone companies. BACKGROUND: Ascend shares tumbled last week after the company warned its third-quarter profits would be 18 to 20 cents per share instead of the 31 cents most analysts expected. The company issued only a brief explanation for the shortfall, blaming it on weaker sales in Europe and Japan.
THE worldâs richest person got even richer this year. And a pair of tech gurus in their 20s made the list of the richest people in the world for the first time. Forbes said that Bill Gatesâs net worth rose to $79.2 billion in 2015 from $76 billion last year. That put him at the top of the magazineâs list of the worldâs billionaires for the second consecutive year. The co-founder of Microsoft Corp. has topped the list for 16 of the last 21 years.
The Microsoft co-founder is not just the richest technologist in the world, but he has been the richest man in the world for 15 of the last 20 years. His net worth is up from $67 billion last year, when he was #2 on the list.