PingBrain » Wall Street

Apple Obliterates Q3 Earnings Estimates On Best Mac Sales Ever And Huge iPad Numbers

Pingbrain — Tue, 20 Jul 2010 21:20:03 +0000

In news that should surprise no one by now — Apple once again had a stellar quarter and blew past Wall Street estimates for Q3 2010. Just as with Q1 and Q2 of this year, Apple has been doing so well thanks largely to the iPhone. But unlike those quarters, Apple now has an important new product adding money to their bottom line: the iPad (the iPad had been released just prior to the closing of Q2). And this quarter actually marked Apple’s best ever in terms of Mac shipments.

Apple posted a revenue of $15.7 billion for the quarter (a new record — beating even holiday quarters). And net quarterly profit was at $3.25 billion — $3.51 per diluted share. All of those easily beat both Apple’s own (always low) estimates, as well as Wall Street’s.

Google Tops Revenue, Misses Earnings Expectations in Q2

Pingbrain — Thu, 15 Jul 2010 21:40:29 +0000

Google grew its revenue and profits in the second quarter, but while revenue topped Wall Street’s expectations, profits fell short.

Google – Revenue – Wall Street – Searching – Search Engines

NTT DoCoMo looks to sell handheld game manufacturers on 3G

Pingbrain — Wed, 07 Jul 2010 19:40:04 +0000

Japanese telecom operator NTT DoCoMo is apparently in talks with heretofore unnamed manufacturers to get its 3G modules embedded in handheld game consoles. “We are discussing this with various players,” said company president Ryuji Yamada. The Wall Street Journal makes an educated guess that Nintendo might be one of the “players” (or “ballers,” if you will), which sounds pretty good to us: we know that the upcoming Nintendo 3DS handheld is still being tweaked, and including 3G would be a pretty big deal. We can dream, right? Either that, or move to Mexico City and get a Zeebo (sure, it’s not a handheld, but whatever).

NTT DoCoMo looks to sell handheld game manufacturers on 3G originally appeared on Engadget on Wed, 07 Jul 2010 15:37:00 EDT. Please see our terms for use of feeds.

Permalink Mobile Business Briefing | Wall Street Journal | Email this | Comments

HannStar Display shells out $30m to settle LCD price fixing case

Pingbrain — Sun, 04 Jul 2010 07:40:03 +0000

Another day, another company pleading guilty to their role in a massive global price-fixing conspiracy surrounding the MSRP of LCDs. The Taiwan-based HannStar Display agreed (grudgingly, we surmise) this week to cough up a whopping $30 million for its role in the scheme, marking the seventh company to “plead or agree to plead guilty as a result of the department’s investigation into the LCD industry.” All told, the US Department of Justice has seen some $890 million paid out and 17 executives charged, with HannStar in particular being pegged for violating the Sherman Act during its participation in the conspiracy from September 2001 to January 2006. So, anyone up for being lucky number eight?

HannStar Display shells out $30m to settle LCD price fixing case originally appeared on Engadget on Sun, 04 Jul 2010 01:55:00 EDT. Please see our terms for use of feeds.

Permalink Digitimes | Wall Street Journal | Email this | Comments

Wall Street Beat: Uncertainty Hits IT in 2nd Quarter

Pingbrain — Thu, 01 Jul 2010 23:20:22 +0000

Uncertainty about the global economy has put a damper on tech vendor share prices, which ended the first half Wednesday in negative territory for the year.

Wall Street – Literature – Beat – Arts – Economic