Google isn’t scheduled to report third-quarter results until Thursday, but already shares in the company are trading higher in anticipation of solid results. At $524.24, they’re up 1.55 percent–nearly $8, and not without good reason.
Microsoft is still interested in a search deal with Yahoo, but for now it’s assuming one’s not in the cards. That’s the word from Microsoft CFO Chris Liddell, who, in remarks at a Goldman Sachs conference in San Francisco Thursday, said Yahoo is not a “silver bullet” solution for the problems with its search business.
Goldman Sachs published its “Americas: 2009 Software Outlook” report today and it’s as dismal and ugly a forecast as you’d expect, given the current economic climate.
Of course, as ugly as it was, it could have been worse.
Apple may not have yet succumbed to the economic malaise that hangs heavy over consumer tech, but it will soon. According to Goldman Sachs, anyway. This morning Goldman Sachs analyst David Bailey downgraded Apple’s stock to neutral from a buy, claiming the company will suffer when consumers continue to rein in spending next year. Worse, it won’t uncrate a magical new product category at Macworld.
Riddle for you: What’s larger than the gross domestic product of Sri Lanka, Lebanon or Bulgaria, and when divided by 186,000, more than four times higher than the median U.S. household income in 2006? If you guessed the $39 billion in bonuses Wall Street’s five largest banks doled out in 2007, you’re right!
Six months ago, the nation had five independent investment banks. That number soon dwindled to four. And then to three. And by last week’s end, only two investment banks remained. Now those two are gone as well. The Federal Reserve Board hammered the final nail in the coffin of independent investment banks Sunday evening, allowing Morgan Stanley and Goldman Sachs to become traditional bank holding companies.
The word “Nintendo” literally translates as “leave luck to heaven,” but another translation might be “leave luck to your employees.” Because Nintendo’s are among the most productive in tech. In fact, the average Nintendo worker earns more for the video game maker than average Google or Goldman Sachs workers earn for their respective employers.
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 »
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