The U.S. government broadband stimulus program couldn’t have come along at a better time. Leichtman Research Group said Monday that the country’s 19 largest cable and telephone providers added a net 634,000 broadband subscribers during the second quarter of 2009. That’s 29 percent fewer than were added in the same period a year ago and the lowest number of net additions of any quarter in the last eight years.
With the iPhone, Apple is doing to the handset industry what it has done to the PC industry with the Mac: Claiming an inordinate share of profits relative to revenue. Bernstein Research analyst Toni Sacconaghi estimates that Apple, though it is only the fifth-largest handset vendor, claimed nearly a third of handset industry profits in the first half of 2009.
Good thing Palm withdrew investor Roger McNamee’s your-next-iPhone-will-be-a-Pre claim because there obviously wasn’t much truth to it. If there was, well, there would have been a massive rush on Pres nationwide this past month. And that clearly didn’t happen.
Shares of VMware are on the rise this morning, spiking seven percent thanks to some decent earnings. On Thursday, the virtualization software firm reported a second-quarter profit of 20 cents a share, topping the 19 cents projected by analysts.
The econalypse has done great things for Netflix, sending recession-addled customers running to embrace its way-cheaper-than-cable DVD-by-mail and streaming-movie service. The online DVD-rental pioneer posted earnings that beat Wall Street estimates and announced that its subscriber base has grown to 10.6 million.
The 1,500 to 2,000 job cuts announced during Cisco’s second-quarter earnings call are apparently well under way. Sources say the company is sacking upward of 600 employees at its Silicon Valley headquarters today.
The global PC market will suffer a rare decline this year with shipments expected to slip four percent to 287.3 million units in 2009, from 299.2 million in 2008. Not since the dot-com bust of 2001 have PC sales been so slow or their outlook so grim, says iSuppli, the research outfit charting the market’s collapse.
The first half of 2009 has been brutal time for the IT sector. With consumers hesitant to buy and enterprise slashing IT budgets, world-wide information technology spending this year will decline six percent. That’s the word from Gartner, which back in March was claiming the decline would be just 3.8 percent.
Earlier this week John Fitzgibbon, founder of IPOScoop.com, said that LogMeIn was an IPO “candidate that should blow the socks off people.” Looks like he was right.
First-quarter spending on information technology goods and services was worse than Forrester Research predicted at the beginning of the year. But it will grow no worse. We’ve hit bottom. Finally. According to Forrester, anyway.
With the Palm Pre and iPhone 3GS in stores and the myTouch 3G, T-Mobile’s second Google Android phone, headed to market, is Research in Motion’s product lineup beginning to look a bit dated? Which leads to another question: Has RIM’s success made it too complacent? GC Research analyst Tero Kuittinen believes it has.
World-wide PC shipments will be lousy in 2009, but not quite as lousy as previously thought. Gartner says they’ll fall six percent for the year, which is an improvement over the 6.6 percent drop it forecast last month and the 9.2 percent decline it projected back in March.
No surpises here. The econalypse has sent IT managers scrambling to redraft their already diminished 2009 budgets. About 42 percent of chief information officers have cut their budgets to grapple with the souring economy, according to a new survey by Gartner.
Intel’s year of sequential gains in the semiconductor market came to an abrupt end in the first quarter of 2009. According to market research outfit iSuppli, the chip giant’s share of the market fell 2.5 percent to 79.1 percent in Q1. Meanwhile, AMD’s rose about 2.3 percent to 12.8 percent.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
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