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Amazon dodges a slow economy
By Yi-Wyn Yen
A slowing economy hasn't fazed Amazon.
The online retail giant beat the Street on Wednesday with sales that soared 37% to $4.13 billion for the first quarter. Amazon (AMZN) also reported profits of $143 million, or 34 cents per share from the same period a year ago, which came in ahead of analyst estimates of 32 cents a share on revenue of $4.08 billion.
Despite fears of an economic meltdown, MORE
yiwyn - Apr 23, 2008 9:05 PM ETPosted in: Uncategorized -
MacBook has Apple walking on Air
The MacBook Air was a top-seller for Apple last quarter, helping to deliver the equivalent of a second holiday season. Image: Apple
iPod growth has stalled. The iPhone is basically doing as expected. So in Apple's financial results, the real surprise was the MacBook Air.
This time, gadgets didn't save the day for Apple (AAPL). Even after adding a pink iPod nano to its lineup in time for Valentine's Day, the company MORE
Jon Fortt - Apr 23, 2008 7:47 PM ET -
Qualcomm offers a sunny outlook
By Scott Moritz, writer
Qualcomm (QCOM) isn't seeing a slowdown in wireless apparently. The San Diego tech giant posted solid fiscal second quarter results and guided up for the current quarter.
The wireless standard bearer posted an adjusted profit of 54 cents a share, up from 50 cents a year ago, and 2 cents better than analysts predicted. Sales in the quarter rose 17% to $2.6 billion from $2.2 billion in the year-ago quarter. MORE
smoritz - Apr 23, 2008 4:48 PM ETPosted in: Mobile -
Microsoft and Yahoo have common foe
By Scott Moritz, writer
The yelling phase of the proposed Microsoft/Yahoo merger got a bit louder as Yahoo (YHOO) turned in good numbers ahead of the deal negotiation deadline.
In the wake of a solid first quarter performance from Yahoo Tuesday, Microsoft (MSFT) chief Steve Ballmer said his company was standing pat on its original $31 a share unsolicited takeover offer. Microsoft has given Yahoo until Saturday to come to the table with MORE
smoritz - Apr 23, 2008 11:43 AM ETPosted in: Facebook, Google, Internet, Microsoft, Microsoft-Yahoo, Mobile, social networks, Techland, Yahoo -
Yahoo's last stand
By Yi-Wyn Yen
It's time for Microsoft to sweeten the bid.
Hours before Yahoo (YHOO) beat easy quarterly estimates on Tuesday, Microsoft CEO Steve Ballmer said his company wouldn't raise its $43 billion offer no matter how well Yahoo performed. Nevertheless, Ballmer must up the ante if Microsoft (MSFT) intends to get a deal done with Yahoo.
In a call with analysts Tuesday, Yahoo CEO Jerry Yang signaled that his company wasn't interested MORE
yiwyn - Apr 23, 2008 4:15 AM ET
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| Company | Price | Change | % Change |
|---|---|---|---|
| JPMorgan Chase and C... | 36.24 | 0.45 | 1.26% |
| Microsoft Corp | 30.21 | -0.27 | -0.89% |
| General Electric Co | 18.40 | -0.20 | -1.08% |
| Ford Motor Co | 10.15 | -0.17 | -1.65% |
| Sprint Nextel Corp | 2.47 | -0.03 | -1.20% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,632.00 | -63.35 | -0.50% |
| Nasdaq | 2,893.76 | -8.82 | -0.30% |
| S&P 500 | 1,330.66 | -7.69 | -0.57% |
| Treasuries | 1.78 | -0.01 | -0.62% |
