HP Demonstrates Strength
Hewlett-Packard announced strong fourth quarter and fiscal year 2008 results driven by terrific cost control and strength in the HP Services segment, which was helped by the EDS acquisition. Read the full article »
SaaS Acquisitions Recommended For ADP and Intuit
In a recent Automatic Data Processing (ADP) National Employment report, ADP reported a drop of 157,000 jobs, the biggest decline the company has seen since November 2002. With the economic slump becoming more severe, job cuts have spread from automakers, financial and housing-related companies to retailers and other services. ADP and Intuit both also recently cut their outlook. Let’s take a closer look at their results. Read the full article »
Autodesk Long-Term Hold
Leading 2D and 3D design software maker Autodesk (ADSK) announced their Q3 results yesterday. The stock might have taken a beating yesterday to close at $16.82 and is now hovering around $13.17, but the company’s performance makes me remain bullish on it. Read the full article »
Dell Should Do SmartPhone Acquisition
Dell Inc (Nasdaq: DELL), the No.2 PC vendor with annual revenue of $61 billion, reported its third quarter results yesterday. Though slowdown in IT spending and demand saw its revenue decline and miss estimates, Dell’s cost-cutting measures have boosted its earnings, beating expectations. Last quarter, Dell beat revenue estimates but missed earnings estimates. This quarter the focus has been on profitability rather than growth. Let’s take a closer look. Read the full article »
Carriers Roundup: AT&T, Verizon, Sprint, T-Mobile
The wireless race is heating up: AT&T acquired two companies in a week earlier this month, Verizon got the green light for its Alltel acquisition and T-Mobile launched the Android phone with Google. Let’s take a look at the recent performances of the major wireless carriers, AT&T, Verizon, Sprint and T-Mobile. Read the full article »
Media Stocks: Disney, Time Warner
The Walt Disney Company (DIS) had been exceeding market expectations over the past few quarters. However, the recently announced quarterly results showed that Disney is one more company that is not immune to the recession and decline in consumer confidence. Read the full article »
NVIDIA Finally Wins Apple’s Heart
NVIDIA Corporation (NVDA), the leading graphics chip maker with annual revenue of $4.1 billion, recently reported a 74% decline in its Q3 earnings due to a 20% decline in revenue. However, earnings topped analyst estimates and shares soared, helped by the design win with Apple. NVIDIA is on my list of Top 10 Semiconductor Stocks. Read the full article »
Online Travel: Priceline, Expedia, Orbitz
The online travel industry’s woes just don’t seem to be coming to an end, not a surprise as Japan follows the European Union and Hong Kong into an official recession. The World Travel Market’s Global Trends Report 2008 notes that global capacity for winter airline schedules is down and hotel occupancy rates continue to fall in developed economies. While most online travel stocks remain strong fundamentally, current valuations are far below the levels that some of these stocks had reached in the past couple of years. Read the full article »
