Intel (NASDAQ: INTC) reported revenue of $12.8 billion and operating income of $2.7 billion for 2013 Q2. Revenue grew 2% from Q1 but was down 5% year over year, but more surprising was the nearly 30% decline in operating income from the year ago quarter. Intel's entry into the mobile business is proving costlier than expected, and Intel management guided slightly lower for the second half.
Continuing more »
Until Adobe's (NASDAQ: ADBE) fiscal Q2 earnings were released last Tuesday, I had never before encountered a presentation so short on traditional financial metrics but long on invented metrics. It was as if Adobe's management wanted to distract investors from certain inconvenient truths. Judging by the market reaction the day after the report was released, Adobe succeeded, if briefly.
Don't ask, don't tell
Adobe's slide more »
On the face of it, the stakes in Apple's ebook trial may not seem very big. During the trial, Apple (NASDAQ: AAPL) executive Keith Moerer claimed that Apple has 20% of the U.S. ebook market. That market was estimated to be worth about $1.4 billion, which means that Apple makes about $280 million a year, small compared to total iTunes revenue. In contrast, Amazon (NASDAQ: AMZN) is more »
Netflix (NASDAQ: NFLX) shares have been on a remarkable bull run, up over 300% since 8/1/12, and the shares have added almost half of that since the start of the year. Investor sentiment continues to be bullish, and the P/E is a stratospheric 518.7.
This month Sony (NYSE: SNE) will begin shipping its first 4K televisions that have screens with a massive 3840 x 2160 pixels, exactly 4 times the pixels of 1080p HD. What can you watch in the 4K or Ultra HD (UHD) format? Not much. The race is now on to develop and deliver 4K content, and this will challenge traditional content distribution approaches as well as provide Apple's (NASDAQ: AAPLmore »)
Apple's (NASDAQ: AAPL) latest earnings report, filed April 23, left investors and analysts yearning for the halcyon days of one year ago, when gross margin was over 47%. But even though gross margin now stands at 37.5%, I believe it needs to come down further still in order to compete effectively with Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG).
There's a certain stereotype of Apple more »
The Blackberry (NASDAQ: BBRY) Z10 had barely hit store shelves in the U.S. when the launch was decried by analysts as “disappointing” and “lackluster,” apparently due to the lack of a glossy advertising campaign such as Microsoft (NASDAQ: MSFT) put on for Windows Phone 8. Then BlackBerry released its earnings report for its fiscal year, and, surprise! The obituaries for BlackBerry had been premature.
I'll admit more »
Despite the drubbing Apple's share price took following its recent earnings release, I remain optimistic for Apple's prospects in 2013. Apple continues to have the strongest ecosystem in the war of mobile device ecosystems currently underway between Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT). Tim Cook's statements at the conference call have convinced me that Apple will rise to the challenge of defending its more »
The Windows on ARM Initiatives Falter
Windows RT and Windows Phone 8, which both run on ARM processors, were released along with Window 8 Pro for Intel systems. Windows on ARM (NASDAQ: ARMH) was the heart of Microsoft’s thrust into Mobile, designed to take on Apple's iOS and Google's Android smart phones and tablets, all of which run on ARM processors. Although investors may take some comfort more »
The financial analyst community reacted negatively to the Google (NASDAQ: GOOG) earnings miss, with some justification. It wasn’t merely that Google had failed to live up to their expectations, fixated as they are on the near-term bottom line. Since the Motorola Mobility acquisition became final in Q2 2012, costs have trended sharply up, while operating income has gone in the opposite direction, as the chart below shows.
Since Google more »