Hewlett-Packard CEO Mark Hurd seems to have managed to cut the fat from the company without hitting any of its internal organs. HP reported a 10 percent increase in its fiscal third-quarter earnings Tuesday, while profits rose 14 percent to $2 billion.
The economy may be slowing, the traditional wireline phone business deterioriating, but Verizon, as director Michael Bay says in one of the company’s new commercials , is doing “awesome.”
The company’s first-quarter earnings met Wall Street expectations today thanks to strong growth in its wireless and FIOS home fiber-optic services businesses.
If there’s been a slowdown in U.S. consumer spending, nobody told Apple. This afternoon, the company reported second-quarter revenue of $7.5 billion on net income of $1.1 billion, or $1.16 per diluted share, pretty much blowing the doors off Wall Street expectations.
Yahoo just announced first-quarter earnings and–by sheer stroke of coincidence, I’m sure–they’re about as uninspiring as the mediocre earnings that inspired Microsoft’s hostile takeover bid. The company posted an adjusted profit of 11 cents per share, flat from a year ago, but a bit above the top end of the street’s lowered forecasts.
Investors who were chugging Milk of Magnesia in advance of Google’s quarterly earnings today were given a nice surprise this afternoon when the company posted solid profit and sales gains for the quarter.
Oracle CEO Larry Ellison is a little lighter in the wallet today–about $2 billion lighter–thanks to a third quarter sales miss that sent the company’s shares down some 8% in after-hours trading.
Oracle (ORCL) posted a 30% increase in profits and a 21% increase in revenue, both in line with expectations. But a 16% rise in [...]
If Yahoo is looking for a deus ex machina to resolve its seemingly insoluble difficulties, it best not look to News Corp.
The company, which just acquired Dow Jones (owner of this site) and which posted a moderate rise in fiscal second-quarter profit yesterday, has no plans to yank Yahoo from the jaws of Microsoft. [...]
We’re not a conventional company and we don’t intend to become one, they said. See how we scorn the traditional stock offering process! See how we fearlessly test the large-scale viability of the so-called Dutch auction! Look at us! See how we refuse to give earnings guidance in the traditional sense! See how we [...]
The Amazon bears are growling this morning.
Shares in the company, which have already lost more than 20% of their value in 2008, slipped further in early trading (but recovered later), though Amazon said yesterday that profits more than doubled in its fourth quarter. “This quarter showed accelerated sales growth and record operating profits,” CEO Jeff [...]
Yahoo Inc. said today its fiscal fourth-quarter profit fell compared to the same period a year earlier, amid an ongoing reorganization.
Shares in the company tanked in after-hours trading as CEO Jerry Yang predicted a tough 2008. Said Yang, “While we will continue to face headwinds this year, we believe that the moves we are making will help us exit 2008 stronger and more competitive and return to higher levels of operating cash flow growth in 2009.”
How ironic is it that Société Générale, the French bank responsible for the biggest fraud in investment banking history, was just this month named Equity Derivatives House of the Year by the financial risk-management magazine Risk?
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.
Best use of the Beeker “meee” ever.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
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!
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