Sun’s Near Term Outlook is not too Bright
Autor admin | 02.08.2008 | Category SEO
Sun Microsystems tried to put the best spin it could on a 73 percent drop in profit for the most recent quarter, but investors and analysts aren’t buying it as the company’s stock was hammered throughout the day.
The server and storage vendor took the unusual task of announcing its fourth quarter and year-end numbers before the open of the market, and held the conference call at 5 am Pacific time.
Sun (NASDAQ: JAVA) earned $88 million, or 11 cents per share, in the fourth quarter of its fiscal year ended June 30, 2008. That’s quite a drop from the $329 million, or 36 cents per share, it reported in the June 30, 2007 quarter. Analysts had been expecting 25 cents per share of profit.
(Read the full post about ‘Sun’s Near Term Outlook is not too Bright’…)
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Cloudy Outlook on Sun After Grim Numbers
Autor admin | 02.08.2008 | Category SEO
Sun Microsystems warned that declines in its U.S. sales will persist through at least the end of the year, sending its shares plunging 12 percent on concerns that the high-end business computer maker will continue to lag rivals.
While Sun (NASDAQ: JAVA) blamed its difficulties on weakness in the U.S. economy, its biggest market, the company’s quarterly results contrasted from those of IBM (NYSE: IBM), which reported strong domestic and overseas growth.
“Sun underperformed relative to another industry leader,” BMO Capital Markets analyst Keith Bachman said, referring to IBM. “The point is ‘Yes the outlook in the U.S. is weakening.’ But with that said, Sun is underperforming against that backdrop.”
Sun, the world’s No.
(Read the full post about ‘Cloudy Outlook on Sun After Grim Numbers’…)
Yahoo Board Faces Down Critics
Autor admin | 02.08.2008 | Category SEO
UPDATED: SAN JOSE, Calif. — TV cameras and other media massed outside the Fairmont hotel before the start of Yahoo’s shareholder meeting here today. But they weren’t huddled around embattled CEO Jerry Yang or other Yahoo officials. Rather, it was maverick shareholder Eric Jackson who was holding court, detailing his displeasure with current management and why he still is in favor of the Internet giant doing a deal with Microsoft. Jackson leads a group of 146 investors who jointly hold 3.2 million Yahoo (NASDAQ: YHOO) shares, he said, seizing the opportunity to reiterate his displeasure over Chief Executive Jerry Yang and the current board of directors. “I’m frustrated and it’s not just about Microsoft,” he said. (Read the full post about ‘Yahoo Board Faces Down Critics’…)
Stocks Stumble on Weak Earnings, Job Losses
Autor admin | 02.08.2008 | Category SEO
Another day of job losses and weak earnings reports got August off to a rough start on Wall Street Friday.
Nortel (NYSE: NT) and Sun Microsystems (NASDAQ: JAVA) suffered double-digit percentage declines after the two said they face tough going amid economic headwinds, and General Motors (NYSE: GM) fell 8% after posting a huge second-quarter loss. GM and other automakers said sales were no better in July.
The government’s monthly non-farm payrolls report showed a better than expected loss of 51,000 jobs in July, but that wasn’t enough to rescue a stock market spooked by slowing growth and crumbling credit markets.
Next week, investors will have to contend with quarterly results from Cisco (NASDAQ: CSCO) and a Federal Reserve meeting on Tuesday, and results from AIG (NYSE: AIG) on Wednesday.
(Read the full post about ‘Stocks Stumble on Weak Earnings, Job Losses’…)
Brace Yourself for the Beijing Olympics
Autor admin | 02.08.2008 | Category SEO
August 8, 2008, the day the Olympics will kick off, is auspicious to the Chinese — their word for eight is faat, which sounds like their word for wealth, and that repeated four times is a mighty powerful mantra.
But it could spell woe for corporations, as they may have to scramble to ensure their Internet bandwidth is not sucked up by staff accessing the Web to watch the online video coverage of the Games.
The threat is certainly real and has a precedent, as recently as a few months ago. “One of our customers told us that their system was inundated and their Internat gateway came to a halt during March Madness with the basketball playoffs last year,” Steve Schick, director of corporate communications at Blue Coat, told InternetNews.com.
(Read the full post about ‘Brace Yourself for the Beijing Olympics’…)
Wireless Devices May Be Future P2P Battleground
Autor admin | 02.08.2008 | Category SEO
While the regulatory debate between the FCC and Comcast over the provider’s tactics for Internet traffic management may have ended today, the issue of what a service provider can and can’t do about users’ network use won’t fade given a new potential battlefront — the mobile wireless broadband environment.
In a letter released today, the U.S.’s largest wireless carrier AT&T told the FCC that while it does not block mobile wireless users from using P2P applications it does prohibit use that causes “extreme network capacity.” The carrier also said it does not use network management tools to block P2P activity.
FCC Commissioner Robert M.
(Read the full post about ‘Wireless Devices May Be Future P2P Battleground’…)
Yahoo Holds Its Ground on Microsoft, Growth Plan
Autor admin | 02.08.2008 | Category SEO
Source: Yahoo SAN JOSE, Calif. — Yahoo tried to soothe angry investors at its annual meeting on Friday, insisting it had been serious about talks to sell itself to Microsoft and that it had good growth prospects in the next three years.
Yahoo (NASDAQ: YHOO) Chairman Roy Bostock said the company’s board “called the shots” when discussing Microsoft’s (NASDAQ: MSFT) proposals, including a $47.5 billion buyout bid as well as attempts to buy Yahoo’s Web search business.
(Read the full post about ‘Yahoo Holds Its Ground on Microsoft, Growth Plan’…)
Berman: Moving The Meter on IP Laws
Autor admin | 02.08.2008 | Category SEO
If you ask U.S. Congressman Howard Berman about the task of representing North Hollywood — home of The Academy of Television Arts and Sciences — on Capitol Hill, he will tell you that it’s not a “glamorous job.”
Maybe not. But few House members’ campaigns can boast repeated financial backing from the likes of Steven Spielberg, Rob Reiner and Don Henley.
The California Democrat’s 25-year career in Congress has benefited more from the entertainment industry and its stars than from any other industry. Since 1989, his top contributors have been Time Warner, Walt Disney Co. and Vivendi.
(Read the full post about ‘Berman: Moving The Meter on IP Laws’…)
Opengear’s Open Source Odyssey
Autor admin | 02.08.2008 | Category SEO
Open source has proven itself in recent years to be a successful mechanism for software vendors — but what about hardware? In the case of open source hardware maker Opengear, open source is working but it’s not working out in the way it had initially expected.
Opengear makes hardware management devices for keyboard, video, mouse, or KVM (define), consoles and is now expanding with a wider array of hardware management with its new KCS console server product line.
(Read the full post about ‘Opengear’s Open Source Odyssey’…)
Yahoo Board Meeting: 60 Second Summary
Autor admin | 02.08.2008 | Category SEO
Yahoo Board Meeting: 60 Second Summary Jim Goldman, who writes Tech Check at CNBC, is live blogging the Yahoo shareholder meeting. The turnout was light and much lower than expected. So far there have been no fireworks, with only a facetious request that Yahoo Board members punch time cards to prove how long they’re working. (Roy Bostock said, no problem.) Yahoo Chairman Roy Bostock reiterated the standard Yahoo strategy and said the company was hitting its targets. He noted, “Microsoft’s initial $31 bid was the only written proposal ever received by the company…In an offhand comment, (Microsoft said to one of our executives), ‘There may be a few more dollars on the table. (Read the full post about ‘Yahoo Board Meeting: 60 Second Summary’…)