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eBay have met expectations of analysts in Q3 with revenues increasing 32-percent to $3 billion compared to the same period last year. eBay's net income sat at $490.5 million, or 37 cents per share. Non-GAAP revenues, which eliminates the impact of several recent multi-million dollar acquisitions, totaled $682.2 million, or 48 cents per share, meeting analyst expectations perfectly.
Revenues estimates were high, with them ranging from $2.25 billion to $2.9 billion which is according to a poll of analysts by Thomson Reuters. Just before the earnings were released, eBay's stock was down 80 cents, or 2.4-percent to close at $33.07, and in after hours, the stock continued the downward motion dropping another 4.3-percent. Reasoning behind this isn't 100-percent, but it could be its revenue outlook for Q4, which should be its busiest because of the holidays.
Dropbox back in 2009, reportedly turned down a nine-digit, rumored to be $250 million, from Steve Jobs and Apple. Back in 2009, Dropbox was only two years old, but Steve Jobs could see the use in Dropbox before there was iCloud. Steve Jobs led the first and only meeting with the Dropbox founders, Arash Ferdowsi and Drew Houston, telling them they should sell to Apple because Apple would crush their company with a competing product.
That recently product is the recently launched iCloud service... the following quote is from the Forbes article (and cover story) written by Victoria Barrett:
In December 2009 Jobs beckoned Houston (pronounced like the New York City street, not the Texas city) and his partner, Arash Ferdowsi, for a meeting at his Cupertino office. "I mean, Steve friggin' Jobs," remembers Houston, now 28. "How do you even prepare for that?" When Houston whipped out his laptop for a demo, Jobs, in his signature jeans and black turtleneck, coolly waved him away: "I know what you do."
AMD's shares bulldozed by over 5-percent in the past week, over 50-percent in 6 months, thanks, Bulldozer?
Well, AMD's Bulldozer launched last week to much of the publics dismay. It did not really cause the ruckus that AMD probably expected, unable to trip up the current CPU champion, Intel's Core i7. AMD's shares have since seen quite the dip, with Friday, October 14 seeing their share price hovering at $4.90 per share, and now they've experienced a sharp decline of 5-percent down to the $4.70 or so per share mark.
Thought that was bad? Well, I clicked on the 12-month period for AMD's shares and on Feb 25th, 2011 they peaked (for the 12-month period) at $9.29 per share... quite the slump they've seen. The point of this complete decline in shares saw it starting on Sep 16th, 2011 where it was sitting at $7.20, and has declined virtually everyday until Bulldozer's lacklustre launch. Did the industry know what was going to happen?
"We had a great quarter" says Larry Page, CEO of Google. Google has made $9.72 billion in revenue, an increase of 33-percent from Q3 2010. GAAP net income is $2.73 billion versus $2.17 during the same period last year. Google also reported $9.02 billion in revenue last quarter, with $2.51 billion in net income. Not bad, Google.
Analysts were expecting Google to earn $8.74 per share this quarter on a revenue of $7.21 billion, representing a more than 30-percent growth from last year. With these estimates, Google have blown away those expectations on both revenue and EPS, as non-GAAP EPS this quarter weer $9.72. Google has had a very active quarter, the acquisition of Motorola, and the public launch of Google's social networking site, Google+.
Google presently employs 31,353 full-time employees and has $42.6 billion in cash. Google's sales and marketing costs doubled from $661 million in Q3 2010 to $1.2 billion this quarter. Research and development costs went from $994 million to $1.4 billion. One of the more interesting items on the ledger... a $500 million charge from the Justice Department regarding pharmaceutical ads. Wow, spare change considering they have $42.6 billion in cash - hey Google, can I have a loan?
A U.S. Judge has said that Samsung's Galaxy tablets infringe on Apple's iPad patents, but also that Apple might have a problem establishing the validity of its patents. These comments are from U.S. District Judge Lucy Koh, which came on Thursday in a court hearing on Apple's request to bar some Galaxy products from being sold in the US. Apple and Samsung are currently duking it out in 10 countries with more than 20 cases currently on-going.
Just yesterday, an Australian court barred the Galaxy Tab 10.1 from being sold in Australia. In April of this year, Apple sued Samsung in the US, saying that the South Korean-based company's Galaxy range of smartphones and tablets "slavishly" copies the iPhone and iPad. Fast-forward to July and Apple filed a request to bar some Samsung-branded products from sale in the US, including the Galaxy S 4G smartphone and Galaxy Tab 10.1.
Sony have released a statement revealing they have been hacked again, with 93,000 accounts globally being accessed. Sony have temporarily locked these accounts and only a "small fraction" of these 93,000 accounts showed additional activity prior to being locked. Sony are currently reviewing the accounts for unauthorised accessed and will provide more updates as they have them. Sony have also used some number play to seemingly down play the event by saying "less than one tenth of one percent (0.1%) of their PSN, SEN and SOE audience may have been affected".
Sony have used this as an opportunity to remind people of the importance of a strong password and having a username/password combination that is not associated with other online services or sites. They suggest you use a hard-to-guess password and always look out for unusual activity in your account. I've provided the full press release below:
Due to "Government restrictions", Google's Android Market has been blocked, again. This is not the first time Google's app store has been rejected, as it happened back in 2009. Android users now only have the chance to use China's local app stores. The move could possibly have been to funnel money into Chinese Government's own app store, rather than Google. China's local app stores offer most of the content for free and Android devices are often not synced with the Android Market, so users usually use them.
Google is facing fierce competition in China as they have their local search engine butting heads with them, Baidu. There are reports floating around that Baidu is also planning an OS of their own, Quishi, which funnily enough is meant to be similar to Android. The Android Market is not the only big thing China blocks right now, the Great Firewall black list also includes Google+, Twitter and Facebook.
HTC are enjoying the fruits of their labor, with weekend reports showing revenue at US$4.43 billion for Q3 2011. This is up 9.2% from Q2 and wait for it, almost 80% from this time last year! 2011 has been a massive year for HTC with revenues of NT$364.38 billion, an increase of 108.5% from last year. HTC did of course set themselves a target of 10% growth for the quarter, but they fell short of their own targets by a bit.
But, with these kinds of numbers, I doubt anyone would be getting raked across the coals over it. HTC have also been in a legal battle with Apple lately, with Google stepping in to intervene by handing over some of their patent ownerships.
Following the passing of Steve Jobs last week we've seen an absolute mass of news come out about the man who undeniably changed the face of one of the largest industries in the world. But if I asked the majority of you what brand/model of car he drove, I'd be surprised if 5% of you knew (prior to a frantic google search for the answer, that is). Don't worry, I was in the 95% that didn't until today as well.
One thing I can now say, while he might not have always had good taste in the way he went about running the show at Apple, he certainly did when it came to cars :-
While I hear many of you shouting out "But I really couldn't give a rats bum what he drove", there is something else in the picture above that is the main point of interest here. Notice anything that stands out? (Or perhaps I should say, doesn't in this case).
That's right, Steve has been driving his flashy new Merc for four years (since he purchased it new) without a license plate. And guess what? Running over Steve's driving records and the VIN on his car, he was never ticketed for the infraction either.
Anonymous have posted another YouTube video, this time declaring an imminent attack on the New York Stock Exchange website. In support of the on-going Occupy Wall Street protests, which began nearly a month ago on September 17, and in direct response to the large scale arrests carried out by the New York City Police Department, Anonymous have issued a two minute video rallying its members to "DDoS attack" the NYSE website at 3:30pm ET on 10th October.
This is the same tactic used to bring down Visa.com, where they flooded the servers and crashed them. it is believed that if the attack is successful, it won't halt or affect trading on Wall St, as it runs through a separate data center. The website does however, host other important information such as trading notices and market activity.