All Posts Tagged Tag: ‘Financial’
AT&T announced that it is being added to the 2010 Dow Jones Sustainability Index North America, effective September 20. The index looks at corporate, economic, environmental and social performance, and tracks the performance of the top 20% of the 600 biggest North American companies in the Dow Jones Global Total Stock Market Index in terms of sustainability.
Google has launched a new mobile version of Google Finance for Android and iPhone. This offers nearly all the same features and functionality as the desktop version.
Today is perhaps not a day on which a lot of investors will conduct spending sprees; the Dow’s down 1.10 percent right now, which isn’t at all encouraging. But Deutsche Bank has come to believe that investors almost definitely shouldn’t acquire shares of Baidu, downgrading the stock from "Buy" to "Hold."
Intel has announced it is acquiring McAfee for about $7.68 billion at $48 per share in cash.
"With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," said Paul Otellini, Intel president and CEO. "In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.
Sometimes, when acquiring a company, Google puts out multiple press releases and blog posts, sharing financial details and all other sorts of information. Sometimes the search giant just mentions the purchase. Today, though, Google had to disclose a few details for the sake of satisfying the SEC.
People who keep up with tech news have probably noticed that Google makes acquisitions on a regular basis. Meanwhile, reports concerning Microsoft buys are rare. But that isn’t necessarily a sign of some media bias; Microsoft confirmed today that the companies it sold in the past year were worth more than the companies it acquired.
Motorola announced its Q2 financial results today. These include sales of $5.4 billion. The company shipped 2.7 million smartphones during the quarter, but mobile device sales were down 6% from the previous year.
Other highlights include:
Beyond Google’s second-quarter earnings report, there was bad news and semi-good news for the company’s shareholders this week. The bad: YouTube, almost four years after Google spent $1.65 billion on it, still hasn’t turned a profit. The good (if you believe it): the site is supposed to be in the black before long.
Verizon announced its Q2 earnings today, reporting strong wireless and FiOS customer growth, increased enterprise revenues, and $9.8 billion in cash flow, up 29.8% from the same period in 2009.
Dell announced that it’s reached a settlement with the SEC, resolving an investigation into Dell’s disclosures and alleged omissions from before Fiscal Year 2008, regarding its relationship to Intel, as well as other accounting and financial reporting issues.
Yesterday morning, thousands of Microsoft employees celebrated Steve Ballmer’s 30th year with the company. This afternoon, they – along with many independent shareholders – are probably cheering again, as Microsoft reported record results for the past fiscal quarter.
Amazon announced its second quarter earnings today. Net sales were up 41% at $6.57 billion, compared with $4.65 billion in the second quarter of ’09.
"Excluding the $48 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 42% compared with second quarter 2009," the company said.
AOL has launched a new smartphone portal at m.aol.com and 2 new Android apps. In fact, AOL specifically says that it’s increasing its focus on Android.
The smartphone portal is for HTML5-supporting smartphones, providing a touch-driven interface that allows for easy scrolling through articles and content, as well as location-based services for weather, movies, traffic, etc. There is also an app directory for users to find mobile apps, and it supports video content.
Baidu’s second quarter was in many (positive) respects a doozy. The company released its earnings report last night, and posted some very interesting numbers as it beat analysts’ estimates. One key stat: profits rose 118 percent on a year-over-year basis.
Believe it or not, this is a good – or even great – day to be an eBay shareholder. Although Google and Yahoo’s stocks basically fell off cliffs following iffy earnings reports earlier this week, eBay managed to publish some positive numbers this afternoon and has seen its stock jump in after-hours trading as a result.
However else Yahoo’s shareholders may feel about the company’s financial situation, they can perhaps take comfort in the idea that Carol Bartz won’t be wasting lots of money on champagne and confetti today. Yahoo’s second quarter earnings report didn’t contain much news the CEO could celebrate.
Apple has released its third quarter financial results. This reflects fiscal 2010 third quarter ended June 26, 2010.
The company boasted record revenue of $15.7 billion and net quarterly profit of $3.25 billion. This compares to a year ago, when Apple reported revenue of $9.73 billion and net quarterly profit of $1.83 billion.
Google neither blew estimates out of the water nor bombed with its second quarter financial report this afternoon. Shareholders seem to be focusing on the targets the company missed, however, sending the stock down sharply in after-hours trading.
Let’s get the bad news out of the way first. Google reported earnings per share of $6.45, even though analysts had hoped to see $6.52. Also, paid clicks decreased three percent compared to the first quarter, which isn’t exactly a positive development.
Google Games – along with the company’s social efforts – may stand a better chance of getting off the ground than most people thought. Reports indicate that Google’s established ties with one of the top organizations in the social gaming space by investing $100-$200 million in Zynga.
Google is not having the best possible week. Yesterday, an analyst representing J.P. Morgan cut his price target on the company’s stock by $73, and today, an analyst with Oppenheimer followed suit, actually cutting his price target by an even-more-dramatic $115.
Not all is lost. Jason Helfstein still feels Google’s doing well in the U.S., and even believes the company deserves an "outperform" rating, which is about as good as it gets.
If you’ve ever heard about a Yahoo acquisition and thought that the price sounded excessive – or heard about a sale and thought the opposite – know that Yahoo’s CFO is aware of the problem. Tim Morse recently indicated that the company is trying much harder to spend wisely.
In eight days, Google will give its second quarter financial report, and at least one group of analysts seems to think bad news is inevitable. J.P. Morgan cut its forecasts in several respects this morning, with the most dramatic reduction being a $73 chop in Google’s price target.
In the past year, eBay’s stock has risen by 17.57 percent. Amazon’s stock has risen by 40.92 percent. It’s possible to argue that eBay might learn a thing or two from Amazon, then, and an analyst at RBC Capital has done so by suggesting that eBay launch a program similar to Fulfillment by Amazon.
Any of Google’s investors who feel that the company has some explaining to do need only wait another nine days. Google’s announced that it will report its second quarter financial results on Wednesday, July 15th.
Yesterday, Yahoo’s stock hit a new 52-week low, touching $13.79 before closing at $13.84. Things are looking rather brighter this morning, though, as the stock is up to $14.09 following a declaration that Yahoo may buy back $3 billion in common stock.
Today marked the debut of Tesla Motors on the stock market, and the electric car company did rather well. Lots and lots of other companies suffered losses, however, and the ones we tend to cover at WebProNews were hit especially hard.
Here are a few numbers for a frame of reference: at the end of the trading day, the Dow was down 2.65 percent, the S&P 500 was down 3.10 percent, and the Nasdaq was down 3.85 percent.
The private equity firm that counts rock star Bono as a member of its investment team is taking a greater interest in Facebook. According to a new report, Elevation Partners has spent $120 million on five million of the company’s secondary market shares.
For quite a while, we’ve been making favorable comparisons between the size of Facebook’s user base and the populations of different countries. Now, Facebook may be able to measure up to a few nations in terms of finances, too, with a report claiming the social network generated $800 million in revenue last year.
It’s time again for Yahoo’s shareholders to get a semi-exclusive earful regarding where the company is headed. Yahoo’s scheduled a shareholders’ meeting for Thursday, June 24th, for the sake of filling everyone in.
The last time Yahoo held a shareholders’ meeting, the company led up to it by announcing a partnership with Nokia the day before. So we should warn investors: there haven’t been any hints that something so exciting will occur this time around. Yahoo hasn’t even promised that Carol Bartz or other top execs will appear.
Individuals who have invested in Google, Amazon, eBay, and Yahoo might want to lower their expectations. Bank of America Merrill Lynch cut its price targets on the companies’ stocks today, with Google by far bearing the worst of it.
Sorry, Google shareholders, but a respected international investment bank has taken the view that Google won’t do quite as well as previously forecast. Barclays lowered its estimates today, due at least in part to the fact the company won’t directly sell the Nexus One anymore.
When Google distributed its first-quarter earnings report, many people were struck by one particular fact: the search giant had $26.5 billion in "cash, cash equivalents, and short-term marketable securities" as of March 31st. But Google’s going out of its way to make sure that money doesn’t just collect dust in a vault.