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- The Accelerator Conundrum
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Technology Stocks
Networking Sector: Cisco, Juniper, Polycom
Yesterday, Cisco, the networking giant with 2008 annual revenue of $39.5 billion, reported second quarter results that beat analyst estimates but were still disappointing as revenue and profits plunged. >>>
Disney Should Go Shopping
The $38 billion entertainment and media giant, The Walt Disney Company (NYSE: DIS), announced depressing Q1 results yesterday. It was the first major US media company to report results for the quarter. >>>
Symantec Soars Amidst Sustained Market Strain
Symantec (NASDAQ: SYMC), the world’s largest maker of security software, announced rather impressive Q3 results on January 28 that sent its stock surging 6%. >>>
Chip Sector Shrinks: BRCM, TI, STM
The semiconductor industry is gloomier than ever, with demand weakening further in the fourth quarter. Texas Instruments (TI) and STMicroelectronics have announced 3,400 and 4,500 job cuts, respectively. Even leading semiconductor companies fell prey to the weakening demand with Qualcomm reporting a 56% slump in its profits and Broadcom reporting a loss in Q4 and announcing 200 job cuts. Let’s take a closer look at Broadcom, TI, and STMicro. >>>
Qualcomm Awaiting Switch To Digital TV
Yesterday Qualcomm, one of the top semiconductor companies with annual revenue of $11.14 billion in 2008, reported mixed results for its first quarter as profits plunged 56% due to continued losses in financial investments as markets worsened. >>>
SmartPhones Driving At ATT, VZ
This week, the US Telecom industry’s leading providers, AT&T and Verizon, reported their results. Let’s take a closer look as these carriers’ performances are a telling indication of the health of the industry in the wake of the tough economic conditions. >>>
EMC Cautious
EMC, the $23.4 billion storage technology company, announced their Q4 earnings yesterday. Revenues for the quarter came in at $4.02 billion, growing 5% over the year, with non-GAAP EPS of $0.32. The current quarter ended EMC’s run of 21 consecutive quarters of double-digit revenue growth. >>>
Yahoo! Looks Forward With Bartz
Eight days since Carol Bartz became the CEO of Yahoo! and already she needed to defend the company’s lackluster Q4 results, which were in stark contrast to its competitor Google’s impressive performance. >>>