Asia Markets 7/25/2007
Markets in Asia were mixed. The Nikkei was down .8% to 17,888. Canon (CAJ) was down 1.9% to 7050. Hitachi (HIT) was up 2.9% to 916. Honda (HMC) was down 1.8% to 4420. The…
All Work
Douglas A. McIntyre
XM’s (XMSR) CEO Takes A Powder
Longtime XM (XMSR) CEO Hugh Panero is leaving. He said he would go when the merger with Sirius (SIRI) is complete. Sirius CEO Mel Karmazin is scheduled to run the combined company. Speculation around…
The FCC Tells Google (GOOG) To Go Home
According to the FT, the chairman of the FCC has told Congress that he will not support Google’s (GOOG) proposal to open up part of the US wireless spectrum to make capacity available on…
The Amazing Amazon (AMZN)
Amazon.com (NASDAQ:AMZN) came with numbers that are pleasing Wall Street again. Even after that meteoric rise. Net sales increased 35% to $2.89 billion in the second quarter; Net income increased 257% to $78 million…
GigaBeam’s (GGBM) Dead Cat Bounce
GigaBeam’s (GGBM) shares are up 23% today on over 4 million shares traded. That still leaves them down about 60% for the year. And the reason for the run-up is fairly thin. The company…
Ebay (EBAY): Pressure Mounts On Skype
Meg Whitman, the CEO of Ebay (EBAY) was not very subtle: "Skype … is not where we want it to be in terms of user activity. This will require increased attention and focus from…
Gannett (GCI) Jacks Up Its Dividend
If a company has to operate in a declining business, it might as well make it worthwhile to shareholders. Gannett (GCI) increased its dividend 29% today, to $.40 per quarter. Gannett already has an…
What If Apple Has Sold Fewer Than 1 Million iPhones
AT&T (T) announced today that it had only activated 146,000 Apple (AAPL) iPhones the first day that they were on sale. And, investment bank CIBC said that sales of the handset have slowed considerably…
News Corp (NWS): A Billion In Reveue For MySpace?
Henry Blodget’s new site, Silicon Vally Insider, is reporting that News Corp’s (NWS) MySpace will do as much as $1 billion in revenue in 2007. In December, Rupert Murdoch put that number at $30…
Amazon.com, Earnings Playbook (AMZN)
Today’s after-hours trading session is likely going to be a wild ride one way or the other for shares of Amazon.com (NASDAQ:AMZN). The Internet retailing giant is reporting earnings after the close. Consensus estimates…
Top Earnings Gappers (July 24, 2007)
(AAPL) Apple trading down almost 2% on perceived weak AT&T iPhone hook-ups in last 2 days of June.(AXP) American Express $0.88 EPS (on gain) vs. $0.86 estimate; traded down almost 2% after saying it…
McDonald’s (MCD) Goes Wild
McDonald’s (MCD) revenue rose 12% in the quarter to just over $6 billion. Chief Executive Officer Jim Skinner commented, "We continue to increase our relevance to busy consumers by delivering choice, variety and convenience…
CIBC Says Apple (AAPL) iPhone Sales Weaken
Investment firm CIBC said this AM that sales of Apple (AAPL) iPhone had slowed in the last 10 days. The banks spies claim that most AT&T (T) stores has sufficient supply but few sales.…
AT&T (T) Earnings: Apple (AAPL) iPhone Still Sells In July
First, the important news. The iPhone is doing well. "Mobility is a major growth engine for AT&T," Stephenson said. "Our launch with Apple of the breakthrough iPhone has quickly redefined customer expectations for their…
EMC (EMC) Earnings: Big News Is VMWare
First, the important news. VMware, an EMC (EMC) subsidiary, grew sales 89% year-over-year to $298 million during the second quarter. At parent EMC, revenue moved from $1.8 billion to $2.2 billion and operating income…
Europe Markets 7/24/2007
Markets in Europe were lower at 5.55 AM New York time. The FTSE was off .3% to 5,602. Barclays (BCS) was up 2.3% to 752. BP (BP) was up .2% to 603. Vodafone (VOD)…
NetFlix (NFLX): The Death Of Hope
In 1942, economist Joseph Schumpeter came up with the notion of "creative destruction". The term became more popular in the 1970s and 1980s as Wal-Mart (WMT) ran K-Mart out of town and Xerox (XRX)…
Goldman Sachs (GS) And $100 Oil
Goldman Sachs (GS) had forecast that oil might hit $100 in 2009. Now the bank is saying that number could be reached this year. According to a report by Bloomberg, a decline in inventory…
UAW: “A Strike Remains A Possibility”
The UAW wants observers of its negotiations with the Big Three to understand that it will not just roll over and die. Fair enough. The union has a strike fund of $900 million, so…
Media Digest 7/24/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Dow Jones (DJ) controlling Bancroft family met to discuss Rupert Murdoch’s bid for the company and should vote later this week. Reuters writes that revenue and income fell at Texas Instruments…