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.
For the 21st year in a row, Microsoft (NASDAQ:MSFT) co-founder Bill Gates topped the Forbes list of the wealthiest Americans. Gates now has an estimated net worth of $81 billion, putting him well ahead of his runner-up and good friend, Warren Buffett, who has an estimated $67 billion net worth.