Lars's Feed
Jul 21, 2011
Jul 21, 2011
via MediaFile

Tech wrap: Microsoft’s Office shines, Windows lacks luster

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Microsoft reported a greater-than-expected 30 percent increase in fiscal fourth-quarter profit, helped by sales of its Office software, but profit from its core Windows product fell on soft PC sales. Microsoft posted net profit of $5.87 billion, or 69 cents per share, compared with $4.52 billion, or 51 cents per share, in the year-ago quarter. That easily beat Wall Street’s average estimate of 58 cents, according to Thomson Reuters I/B/E/S.

“These are great results given a slower PC environment and it highlights how the company has multiple revenue streams. The $17 billion unearned revenue, which is a forward indicator of business, shows they signed a lot of deals this quarter,” said BGC Financial analyst Colin Gillis.

Jul 20, 2011
Jul 20, 2011
via MediaFile

Tech wrap: Apple’s valuation flirts with Exxon’s

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Apple shares neared a record $400, a day after the world’s most valuable technology company posted blockbuster results and triggered a spate of brokerage upgrades. Apple’s climb brought the maker of the iPhone and iPad within shouting distance of Exxon Mobil’s market value of more than $400 billion despite the oil and gas producer raking in more than four times Apple’s annual revenue.

“We expect Apple will become the largest market cap company on the planet when the stock hits approximately $445, which is only about 13 percent away from aftermarket levels,” said Gleacher & Co analyst Brian Marshall, based on the assumption that Exxon shares remain flat. Apple shares rose to a high of $405 in after-hours trading on Tuesday.

Jul 15, 2011
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