Earnings disappointments this week from Intel Corp, Microsoft Corp, Google Inc and AMD underscore how Silicon Valley, both the old guard and new, is struggling to profit from consumers' waning love affair with the stalwart PC and infatuation with mobile-- the most significant tectonic shift in the industry since the advent of the Internet.
Earnings disappointments this week from Intel Corp, Microsoft Corp, Google Inc and AMD underscore how Silicon Valley, both the old guard and new, is struggling to profit from consumers' waning love affair with the stalwart PC and infatuation with mobile-- the most significant tectonic shift in the industry since the advent of the Internet.
Oct 19- At least seven brokerages cut their price targets on Google Inc's shares after the company missed Wall Street earnings expectations, but analysts said growing mobile advertising revenue points to better times ahead.
*Google says printer filed draft results without authorization. SAN FRANCISCO, Oct 18- Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value.
*Google says printer filed draft results without authorization. SAN FRANCISCO, Oct 18- Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value.
SAN FRANCISCO, Oct 18- Google Inc's quarterly results fell well short of Wall Street expectations after its core advertising business slowed, stunning investors used to consistently solid growth from the Internet giant and wiping more than 9 percent off its market value.
SAN FRANCISCO, Oct 18- Google Inc inadvertently released its draft quarterly results hours ahead of schedule, significantly missing expectations on both revenue and earnings and wiping 9 percent off the market value of the Internet search and advertising leader.
NEW YORK-- Google plummeted almost $80 per share, more than 10 percent, and trading in the stock was halted two and a half hours Thursday after a disappointing earnings report was published ahead of schedule and surprised investors. Google was trading at $754 per share at 12:30 p.m. EDT, then fell almost $20 in a minute after investors saw the report, a draft.
SAN FRANCISCO-- Google Inc.' s third-quarter earnings should reveal whether investors' recently rejuvenated optimism about the Internet search leader's growth prospects is justified.