Liana's Feed
May 19, 2011

Intuit’s profit, sales rise on strong tax season

NEW YORK, May 19 (Reuters) – Intuit Inc’s (INTU.O: Quote, Profile, Research, Stock Buzz)
quarterly profit beat Wall Street estimates and its sales rose
15 percent, as more consumers used its TurboxTax software to
file returns this year.

However, Intuit shares fell 3 percent in after-hours trade
because the TurboTax business, its main revenue generator, grew
only 13 percent, less than some Wall Street forecasts.

May 19, 2011

GameStop second-quarter forecast falls short

NEW YORK (Reuters) – GameStop Corp’s (GME.N: Quote, Profile, Research, Stock Buzz) second-quarter earnings outlook fell short of expectations due to weaker sales of consoles and games, sending shares falling 5 percent on Thursday.

The soft outlook overshadowed the company’s stronger-than- expected first-quarter earnings.

May 18, 2011

Sony finds another security flaw, shutters site

NEW YORK (Reuters) – Sony Corp has shut down a website set up to help millions of users affected by April’s massive data breach after finding a “security hole”.

The site had been designed to help 77 million users of its PlayStation Network reset their passwords after finding the security weakness.

May 18, 2011

Sony defends response time to hacker

NEW YORK (Reuters) – Sony Corp’s CEO was unapologetic about the company’s delay in informing owners of more than 100 million accounts of its networked services whose information was stolen by hackers last month.

In a stark departure from the remorseful tone struck just two weeks ago, when senior executives including heir apparent Kazuo Hirai bowed in apology in Tokyo, Sony Chief Executive Howard Stringer fired back at critics who say the company was too slow to notify consumers once the attack was known.

May 17, 2011

Reuters Summit – Corning spies new markets as LCD market slows

NEW YORK (Reuters) – Corning Inc’s scratch-resistant Gorilla Glass for smartphones and tablets may soon find their way into cars now that the company is looking to expand into new markets.

Corning is on the prowl for fresh growth areas because demand for LCD panels, its main business, has slowed as consumers resist buying new flat-screen televisions. Existing players are cutting prices to compete in a weakening market.

May 17, 2011

Corning spies new markets as LCD market slows

NEW YORK (Reuters) – Corning Inc’s (GLW.N: Quote, Profile, Research, Stock Buzz) scratch-resistant Gorilla Glass for smartphones and tablets may soon find their way into cars now that the company is looking to expand into new markets.

Corning is on the prowl for fresh growth areas because demand for LCD panels, its main business, has slowed as consumers resist buying new flat-screen televisions. Existing players are cutting prices to compete in a weakening market.

May 17, 2011

Sony defends response time to hacker breach

NEW YORK, May 17 (Reuters) – Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) was
unapologetic about its delay in informing the more than 100
million customers of its PlayStation Network whose account
information was stolen by hackers last month.

In a stark departure from the remorseful tone struck just
two weeks ago, when senior executives including heir apparent
Kazuo Hirai bowed in apology in Tokyo, Sony Chief Executive
Howard Stringer fired back at critics of the company’s actions
that led up to the attack and its response time to the crisis.
[ID:nL3E7G101C]

May 16, 2011

Dish names new CEO; Ergen remains chairman

NEW YORK, May 16 (Reuters) – Satellite television provider
Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) named Joseph Clayton as chief
executive, succeeding founder Charlie Ergen, who will continue
as chairman.

With Clayton overseeing day-to-day operations, Ergen will
have time to shape Dish’s strategy, which appears to be
changing in light of recent deals, said Kaufman Bros analyst
Todd Mitchell.

May 11, 2011

Symantec’s raises quarterly earnings outlook

NEW YORK, May 11 (Reuters) – Software maker Symantec Corp
(SYMC.O: Quote, Profile, Research, Stock Buzz) posted a quarterly profit that beat Wall Street
estimates and raised its earnings forecast on stronger demand
for its data storage and security products.

Symantec, which designs anti-virus software, said revenue
in the current quarter would be between $1.57 billion to $1.59
billion, ahead of analysts’ average estimates of $1.55
billion.

May 11, 2011

Sony: Hackers launched no new PlayStation attack

NEW YORK, May 11 (Reuters) – A security measure that Sony
Corp (6758.T: Quote, Profile, Research, Stock Buzz) (SNE.N: Quote, Profile, Research, Stock Buzz) installed made one of the official
PlayStation websites unavailable in Japan.

The company published a statement about the site on
Wednesday after a Bloomberg report said the site was down
because of a hacker attack.