Netflix soars, investors cheer…then Web service crashes.

October 21, 2010

ReedHastings

It’s been a heady few months for Netflix, the DVD by-mail company fast becoming a online video streaming service. Yesterday, its third quarter numbers again beat Wall Street expectations as it revealed it is now the third largest video subscription service behind Comcast and DirecTV with nearly 17 million subscribers. Wall Street analysts at UBS and Oppenheimer, already in love with the company, upgraded it on Thursday morning helping to push shares to a new record high of $174.40 before closing at $172.69. To think you could have bought the stock for $47.56 exactly one year ago.

from Summit Notebook:

Redbox: Paving the way for “G.I. Joe” rentals

December 2, 2009

You thought that maybe that giant Redbox machine in your local food mart, offering $1 DVDs, was simply a low-cost way to share a movie night with the family.

from Summit Notebook:

SanDisk’s Eli sings the Blu-Ray blues

May 19, 2009

The flash memory business may be suffering its worst slump ever, but SanDisk CEO Eli Harari is carving tombstones for other businesses.