Thursday, May 21, 2009
Dr. Pangloss
The record business is in the doldrums because sales are plummeting.
Gawker Chief: ‘Original Reporting Will Be Rewarded’
Gawker Media impresario Nick Denton, one of the more vocal Cassandras of media collapse last fall, got a surprise this spring when things turned out to be, well, not so bad.
Monday, May 11, 2009
FreshDirect on NYC’s “Horrendous” Grocery Scene
FreshDirect’s Rick Braddock writes today that “too much attention has been given to digital advertising,” and that he and other executives at the online grocery store have instead focused on customer relationships and making sales.
Thursday, March 26, 2009
Best Buy: Big Q4 EPS Beat; Strong Guidance; Stock Jumps
Best Buy this morning reported sharply higher-than-expected profits for its fiscal fourth quarter ended Feb. 28.
For the quarter, the last large national electronics retailer posted revenue of $14.724 billion, a bit below the Street consensus at $14.8 billion. But adjusted EPS of $1.61 a share nicely beat the Street at $1.40 a share.
Tuesday, December 9, 2008
So Much for Being Recession-Proof, Electronic Arts Warns
A little bit of vulnerability surfaced in the videogame industry today. Electronic Arts, admitting that its holiday game lineup isn’t selling as well as hoped, warned that its revenue and earnings would be below guidance for the March 2009 fiscal year.
Thursday, August 21, 2008
Salesforce: Deferred Revenue Debacle; Bookings in Danger?
Following a beat-and-raise quarter last night for online software vendor Salesforce’s (CRM), the rewards are not what you might expect, with the shares down $11.60, or 17.8 percent, at $53.73. The company’s forecast for a profit of 34 cents to 35 cents for the current quarter, excluding its cost to acquire privately held Instranet, was unimpressive to the Street.
Wednesday, August 20, 2008
Salesforce Pays $31.5 Million for Product Support Company
Salesforce.com (CRM), which is mainly known for software that helps sales executives track and manage customer prospects, today said it paid $31.5 million in cash for Instranet, a 10-year-old company based in Chicago that makes software to improve product support.
Wednesday, June 4, 2008
Novatel Jumps 9% as Morgan Joseph Ups to Buy
Novatel Wireless shares are up sharply today after Morgan Joseph analyst Keven Dede upped his rating on the company to buy from hold, setting a price target of $13.
Dede notes that investment presentations by both Novatel and rival wireless broadband card maker Sierra Wireless “included the point that June quarter product sales have remained at solid levels.”
Friday, May 16, 2008
Despite Arrival of Grand Theft Auto IV, April Videogame Software Sales Miss Expectations
Videogame software stocks are under some selling pressure today after industry tracker NPD reported April sales that came up short of some estimates.
NPD said video game software sales grew 68% year over year in the quarter. Pacific Crest’s Evan Wilson this morning writes that he had had expected 120% growth.
Wednesday, May 14, 2008
Report: AT&T Limits iPhone Sales to 1 Per Customer
AT&T is now limiting sales of the Apple iPhone to one per customer, according to a memo to its retail stores published by the blog Boy Genius Report.
Earlier this week, Apple’s online store started listing the iPhone as “currently unavailable.”
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