Oracle, bucking Wall Street trends by continuing to beat quarterly estimates, said today that it earned $2.3 billion, or 46 cents per share, on sales of $6.9 billion, a 5 percent revenue dip but still enough to beat Wall Street's estimates of 44 cents on $6.47 billion in sales. Earnings...
I hope soI hate seeing "SoandSo killing X amount of jobs" in the news =/Ballmer should be the first to get laid offHis reklessness to ignore the FOSS and cling to the proprietary model drove M$ into the ground.Q1 revenues of $13Bn generating $3.5Bn in net profit ...... would tend...
Verizon delivered a solid third quarter courtesy of its wireless business, which added 1.2 million net customers excluding acquisitions. The company also said it is set up for the fourth quarter with the launch of Research in Motion's Storm 2 on Wednesday, two Motorola Android devices and 12 other handsets....
BURN BABY BURNNice to see Microsoft start the downward spiral.Don't get too happy...Every company has a blip in its future - just wait until the next quarter.When you're on top the only way is down.Happened to all those on top at some point....IBMNovellGMLotusLike so many other companies?But then again, the...
Amazon easily beat Wall Street's estimates for its third quarter, reporting a net income of $199 million, or 45 cents per share, on sales of $5.45 billion, a 28 percent jump from the year-ago quarter. Analysts had been expecting earnings of 33 cents on sales of $5.03 billion. Statement ...
SanDisk CEO Eli Harari said he was encouraged by "improved industry fundamentals." And there's a good reason for that. The company crushed third quarter estimates with a blowout quarter. The flash memory card maker reported net income of $231 million, or 99 cents a share, on revenue...
Yahoo delivered a bit of a surprise for its third-quarter earnings, beating Wall Street’s expectations handily and offering signs that CEO Carol Bartz is turning the company around. For the quarter, the company reported net income of $186 million, or 13 cents per share, on revenue of...
Apple announced record Mac and iPhone sales and its most profitable quarter ever in its Q4 2009 earnings conference call today. The Company posted revenue of $9.87 billion and a net quarterly profit of $1.67 billion, or $1.82 per diluted share. These results compare to revenue of $7.9 billion...
Over-reaction of marketThis Apple news will be diluted once Windows7 ships this week. Plus, with the new Zune HD and Windows Mobile 6.5, Apple's days are definitely numbered. Microsoft is poised to take control of all markets once and for all. I would sell AAPL if I were a shareholder...
updated: Apple said today that Mac computers and iPhones saw strong year-over-year sales jumps in the fourth quarter, allowing the company to once again beat Wall Street's expectations for the quarter and sending the stock surging in after-hours trading. Apple today reported fourth quarter earnings of $1.67...
Oracle capped off its OpenWorld conference with a powwow with analysts where management was described as extremely confident about the company's prospects. Although I'm not sure you could ever describe Oracle management as timid---does Larry Ellison allow that?---analyst notes seem to portray executives as exceedingly confident. Judging...
Google exceeded Wall Street's expectations for the third quarter by reporting net income of $1.88 billion, or $5.89 per share, on revenue of $5.94 billion, up 7 percent from the same quarter a year ago. Excluding traffic acquisition costs, Google's revenue was $4.38 billion. Wall Street analysts had been expecting...
Google's third quarter is expected to be strong and analysts are already busy raising targets for the fourth quarter. The search giant reports earnings Thursday and Wall Street is expecting earnings of $5.42 a share on revenue of $4.24 billion, according to Thomson Reuters. However, most analysts...
HP is bullish on 2010. And today, at a Securities Analyst meeting, CEO Mark Hurd said he expects the IT industry to return to growth in 2010 and went so far as to say that HP will outpace the market. In a statement, Hurd said: Our broad product and...
Research in Motion's second quarter revenue and third quarter outlook fell short of expectations. RIM reported second quarter earnings of $475.6 million, or 83 cents a share, down from $643 million, or $1.12 a share, a year ago statement. Adjusted net income for the second quarter was...
Palm's first quarter had multiple moving parts. The company shipped 823,000 smartphones, announced plans to raise capital, beat estimates, delivered a mixed outlook and said the company's fortunes will be tied to product launches. Got all that? The big question, however, remains. Can the...
Oracle Corp., which is facing a delay of its acquisition of Sun Microsystems, today reported first quarter non-GAAP earnings of $1.5 billion, or 30 cents per share, a three-percent increase over the year-ago quarter. Revenue for the quarter was $5.1 billion, a 7 percent drop from last year. Wall Street...
Adobe Systems said Tuesday that it will acquire Omniture, which offers Web analytics, measurement and optimization technologies, in a cash deal that's valued at about $1.8 billion, or $21.50 per share of Omniture. That adds up to a premium of about 45 percent over Omniture's average closing price over the...
RightNow on Tuesday said it will acquire HiveLive, an enterprise social networking company, for about $6 million in cash. In a statement, RightNow, which provides customer relationship management software as a service, said it plans to add HiveLive's technology to its platform. The move is the latest...
China Unicom said today that it reached a three-year agreement to sell the Apple 3G and 3GS in China, a deal that not only brings the popular smartphone to the most-populated nation on the planet but also gives the No. 2 wireless carrier a chance to gain market share against...
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