This was made known by the company’s CFO Chris Liddell in a briefing to Wall Street analysts.
All Posts Tagged Tag: ‘Financial’
The good news, from News Corp’s perspective, is that MySpace is continuing to grow. The bad news is that profiting off social ads is tougher than the corporation had expected.
Even the worst earnings announcements try to spin things in a positive way; it’s necessary to do a little deep-reading to find out what really happened. comScore’s first-quarter earnings just didn’t have any bad components, though, and the company’s stock is up about 20 percent this morning as a result.
TheStreet.com is looking somewhat worse for wear this morning; following its first-quarter earnings report, the company’s stock dropped over 15 percent.
Ann Mather, formerly the CFO at Pixar, will face charges from the Securities & Exchange Commission related to their investigation of stock option backdating at the animation company.
It’s hard to get past Geezeo’s name; the personal finance site sounds like an old Italian man. TheStreet.com, for its part, is largely dominated by lunatic Jim Cramer. But these oddities need to be set aside for a moment, because TheStreet has acquired a sizable stake in Geezeo.
Finance junkies have probably noticed by now; even the fast-paced world of tech news is slow for people who spend all their time hitting "refresh." Still, the existing Google Finance sites have received an overhaul, and Google Finance China has launched.
Yahoo this, Microsoft that – it’s enough to make you move to China. Or at least look at China-centric news, in which Baidu is generating headlines for both succeeding financially and pushing its own version of Wikipedia.
Apple said it shipped 2.2 million Macs in its second fiscal quarter of 2008, increasing sales by 51 percent over the same quarter in 2007.
Globally, Apple sold 856,000 desktops during the quarter, and 1.4 million notebooks-year-to-year increases of 37 percent and 61 percent respectively. The total of 2.29 million Macs was just below the record 2.32 million sold in the last three months of 2007
It’s more than a little ironic, but WebMD isn’t looking too healthy; the company has cut its 2008 financial outlook. On the bright side, there’s a possibility that this is only WebMD’s problem, as opposed to something representative of the online economy.
Sometimes you have to be careful not to too broadly apply the results of a study. In this case, I’m not sure if I can help it. Just call me out (as you often do) in the comments if you think I’ve done so. Two recent studies showed a strong correlation between sex hormones and monetary risks.
And that kind of explains everything. Like…
Companies’ directors don’t do much on a day-to-day basis; their departures don’t, to be honest, cause any real-world cogs to stick. Still, it’s not too encouraging that Philip R. Lochner, Jr. left Monster Worldwide’s board of directors as the company’s stock sat near a 52-week low.
eBay’s stock had a good run yesterday, and it’s off to a decent start this morning, as well. There’s no need for fans or investors to panic, then, even if one of the company’s most important backers is stepping away.
Yahoo’s ballyhooed predictions of reaching $40 per share by 2010 left investors skeptical and desirous of further negotiations with Microsoft.
The market’s doing its best imitation of a healthy Superman this morning – up, up, and all that – but Jupitermedia has been left on the sidelines. Following the corporation’s report on its fourth quarter earnings, Jupitermedia’s stock is acting in a less than heroic fashion.
Disney has made a projected $123 million in sales of video via Apple iTunes.
The estimate comes from comments that Disney CEO Bob Iger made at the Digital Hollywood Media Summit. Iger said Disney has sold 4 million movies and 40 to 50 million videos through iTunes, since it made content available on the service in 2006.
In the olden days, armies often didn’t attack castles so much as sit around them; weeks or months later, the defenders would run out of food and their leaders would have few options other than to surrender. Yahoo may be placing itself in a similar situation in its fight against Microsoft.
Blockbuster reported fourth quarter net income of $41 million, or 18 cents a share for 2007. Compared with $11.2 million, or four cents a share the year before.
Not including charges, per share earnings increased to 26 cents from 11 cents. Revenue grew 3.6 percent to $1.57 billion. Analysts polled by Thomson Financial had expected earnings of 18 cents per share or revenue of $1.4 billion.
Google’s top executives have been selling their holdings non-stop for almost three and a half years, a trend that ultimately gained some attention from the market.
When people talk about Google Street View, the conversations tend to focus on either privacy or its undeniable "neat" factor. Thanks to Google’s success in other areas, profitability just doesn’t come up. But EveryScape has built its business around similar virtual tours, and the company just raised $7 million in funding.
Google investors are still at the table eating their losses after comScore’s report that paid click revenues were flat in the month of January. Impending recession was the chief suspect among speculators, but nobody finds any real support for that. More astute observers noticed that revenue flattened very soon after webmasters began reporting on decreases in AdSense earnings.
Since the beginning of October, the Dow has dropped nearly 1,400 points. Even Google’s lost its glow. But Salesforce.com just posted fourth quarter financial numbers that beat analysts’ expectations and represent year-over-year increases in almost every way possible.
Research firm the NPD Group has released its U.S. retail sales figures for January 2008.
Software sales for the month were up by 11 percent to $611 million, hardware sales dropped by a quarter to $378 million. Overall the industry was down 6 percent for the month managing to reach $1.18 billion compared to January 2007 sales of $1.25 billion.
Did you hear that the president of East Timor was shot on Monday? Perhaps not, if you stick to American news sources. And it’s this sort of lapse that Philip Balboni tends to address with the creation of Global News Enterprises.
A British cruise operator has paid a record $1.1 million for the domain name cruises.co.uk.
Seamus Conlon company already owned the address cruise.co.uk so the letter "s" proved to be an expensive acquisition. The price breaks the earlier record for a .co.uk domain of $300,000 paid in October last year.
I had my next few purchases all planned out – a nice alarm clock, a new TV, and a big bookcase. Then signs of a recession began to pile on, and setting aside extra mortgage payments started to seem like the better idea. Many companies are thinking similarly.
As someone with no connections to Google’s stock, I’m a fairly impartial observer in this matter. Still, it was fun to write about the stock passing $600, $650, and $700 in rapid succession, and although it’s much lower now, it’s managed something impressive and smile-inducing again.
I know that eMarketer’s numbers on the growth of podcasting should make us all feel warm and fuzzy, but I just can’t shake the feeling that the channel has severely under delivered.
The good news is that US audience numbers should grow from a total audience of 18.5 million in 2007 to a whopping 65 million by 2012. Also good news, the amount spent on podcast advertising should grow from $165 million to $435 million by 2012.
Yahoo hasn’t said much regarding Microsoft’s purchase offer but here are a few of the official statements that are public so far…
From Yahoo Press Release:
Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today said that it has received an unsolicited proposal from Microsoft to acquire the Company. The Company said that its Board of Directors will evaluate this proposal carefully and promptly in the context of Yahoo!’s strategic plans and pursue the best course of action to maximize long-term value for shareholders.
But what I find interesting is that Bill Gates is out and now Ray Ozzie is roaring. Microsoft has been so damn boring since I left in June of 2006. This shoots the boring in the head.
Why is “Microhoo” not boring?
The acquisition of Yahoo (Nasdaq: YHOO) by Microsoft (Nasdaq: MSFT) has been something that’s frankly made sense for years. Microsoft has a lot of strengths, but it just hasn’t been able to crack the nut of content creation (does it even own a property that has any meaningful content prior to this acquisition?), particularly the semi-mythic user-generated content, and its attempts at competing with Google (Nasdaq: GOOG) in the advertising space have also proven disappointing.
Last Autumn it was obvious that Yahoo stock was seriously undervalued by comparison to Google, Amazon, and other major internet companies.
However, not only did I not have an investment portfolio, but the promise of the stock markets tanking made it a bad time to set up a portfolio in the first place.
Once the storm was over, I planned to then start some form of investment portfolio, probably tied to a SIPP for retirement within my business, and focus about 50% in YHOO stock.