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Thursday, October 22, 2009

AT&T Activates Record 3.2 Million iPhones in Q3

happy-iphoneHow badly does AT&T want to renew its iPhone exclusivity contract with Apple? Pretty damn badly. Posting third-quarter earnings that topped Wall Street expectations this morning, AT&T said it activated a record 3.2 million iPhones during the period. Of those, 40 percent were for customers new to the carrier.

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Wednesday, October 21, 2009

Oy Vey eBay

ebaystreetThough eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much. Investors took eBay out to the woodshed anyway, beating its shares down seven percent in after-hours trading.

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Tuesday, September 22, 2009

Google Back at $500 a Share

goog“I’d be very surprised if Google did not hit $500 by the end of the year.” Citigroup analyst Mark Mahaney said that just last week, and as it happens he has already been proven right. Earlier today, Google saw its shares cross the $500 threshold, setting a new 52-week high.

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Do You, Uh, Y!hoo?

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Monday, September 14, 2009

NPD: Mac Sales Up Seven Percent, iPod Sales Down 16 Percent

steveingotApple’s September quarter is shaping up to be a good one, if the latest metrics from NPD as reported by Piper Jaffray analyst Gene Munster are any indication. According to the research outfit, Mac sales for July and August are up seven percent year-over-year.

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Friday, September 11, 2009

Insert Lame “New Moto Phone CLIQs With Investors” Pun Here

motorocketthumbMotorola is getting a bit of long lost love from Wall Street today, now that it has unveiled the CLIQ–the Android-powered handset with which it hopes to regain market share in the intensely competitive cellphone business. Shares in the company spiked more than seven percent after the CLIQ announcement Thursday, and today they’re up well over six percent.

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Tuesday, September 8, 2009

“Hummer of Cellphones” a Bestseller at AT&T

jumbo-iphone1Apple’s iPhone continues to be AT&T’s marquee handset, though the data-guzzling “Hummer of cellphones,” as the New York Times has dubbed it, has inspired widespread customer dissatisfaction with the carrier’s network. Indeed, according to Piper Jaffray, the iPhone 3G and 3GS are AT&T’s top-selling phones.

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Thursday, August 27, 2009

Dude, You Posted Your Earnings Three Minutes Early

dellguy1-150x150Dell’s profit fell 23 percent in its second quarter. Its sales fell 22 percent. But the company still beat Wall Street expectations, and that’s what counts these days. Dell shares spiked nearly seven percent when the news was released, oddly, three minutes before the close of trading Thursday.

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Xbox 360 Elite Price Now a Bit Less Elite

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Wednesday, August 26, 2009

There! Pause It There–The Expression on Randall Stephenson’s Face Is Priceless.

tivoguyAT&T and Verizon have run afoul of TiVo’s video patents. Reporting a second-quarter loss and projected results below Wall Street expectations Wednesday, the digital video recorder pioneer said it is suing the two telecoms for infringing on its patents for technology that allows DVRs to simultaneously store and play back programs, pause live television and deliver other features.

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Wednesday, August 5, 2009

Vonage Churning Subscribers, Stomachs

peptoadCan this really be true? Vonage posted another quarterly profit? Indeed it is. The Internet phone service provider reported a second-quarter profit of $2.3 million, or a penny a share. Wall Street had been expecting a loss of three cents a share. Great news. Sadly for Vonage, it was tainted by an increase in subscriber defections.

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Monday, July 27, 2009

Layoffs, Palm Pre Coming to Verizon

largest-axe3jpg-150x150jpg1This recession is a long way from over if Verizon’s latest earnings are anything to judge by. Reporting second-quarter earnings that were a penny better than the 62 cents per share Wall Street had been expecting, the company said it suffered a nasty 21 percent drop in profit thanks to the econalypse, which is pinching enterprise customers pretty hard these days.

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Thursday, July 23, 2009

What’s in Netflix’s Queue? 10.6 Million Subscribers.

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.

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Microsoft Misses

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Microsoft Disappoints…Big Time

ballmer_tantrum

Good thing Wall Street wasn’t expecting much from Microsoft. Because it didn’t get it.

After market close Thursday, the Redmond, Wash-based tech giant reported that fiscal fourth-quarter net income fell to $3.05 billion, or 34 cents a share, from $4.3 billion, or 46 cents a share, in the same period a year earlier. Revenue for the period ended in June fell 17 percent to $13.1 billion.

Microsoft missed Wall Street revenue estimates by $1 billion. Gruesome.

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About John

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.

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Ethics Statement

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.

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