Evidently, Netflix is as recession-proof as Hollywood. Reporting third-quarter earnings after market close Thursday, the DVD-by-mail pioneer posted net income of $30.1 million, up 48 percent from a year earlier, on revenue of $423.1 million. That’s 52 cents a share. Analysts had been expecting 46 cents a share on $419.9 million in sales. Why, then, are investors punishing the company in after-hours trading?
Good apparently isn’t good enough for RIM investors. The BlackBerry maker reported earnings for its first fiscal quarter that rose 33 percent to $3.42 billion on strong sales. And while that was in line with the Street’s $3.41 billion consensus estimate, the company’s shares slipped nearly five percent in after-hours trading.
Told that Macworld Expo 2009 will be Apple’s last, and the first that CEO Steve Jobs does not keynote, investors behaved much as you’d imagine, dragging the company’s shares into the mud in after-hours trading. Fueling the panic: obvious concerns about Jobs’s well-being. And, of course, speculation that Macworld is likely to disappoint devotees hoping for the introduction of some insanely great new product. But would Apple really send Senior VP Phil Schiller out onto the Macworld stage without a cool new product to introduce?
Dissapointing news for the Mac faithful and anyone who’s ever seen Apple CEO Steve Jobs deliver his annual Macworld keynote address. Macworld Expo 2009 will be the first such event that Jobs will not keynote and the last the company will attend.
Well, no wonder Adobe won’t have an exhibition booth at Macworld Conference & Expo 2009–the company seems to be sacking employees who might have otherwise staffed it.… Citing the standard litany of economic tribulations, Adobe Wednesday reduced its fourth-quarter outlook and said it will cut 600 jobs around the world–about eight percent of its workforce.
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.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
Don't miss a post! Sign up for our Daily Email and get AllThingsD.com delivered each day.
Get columns, blogs and video from D and All Things Digital on your iPhone. Download now »
