Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
Gaining share in the broadband market is now a key part of U.K. telecom BT's earnings growth, the company's CEO told CNBC Thursday.
Apple's conference call continues at this hour with the company's Chief Financial Officer Peter Oppenheimer re-iterating the company's projections to sell 10 million iPhones, despite the perceived slow start the product has suffered. Further, the company's shares opened to enormous volatility after being halted just moments before the earnings release hit the the tape.
Apple Inc. released its Third Quarter numbers and for a company more than doubling this past year, this was not the news investors were hoping for. The Third Quarter was a blow-out by normal standards: the 92 cents a share and $5.41 billion in revenue soundly beat the 72 cents and $5.285 billion the Street expected. Same goes for the 1.76 million Macs and 9.8 million iPods shipped on the quarter. Gross margins climbed to 36%. All very good news.
It's a weird Wednesday as we anticipate earnings news from Apple after the close later today. Weird because we got this hint into Apple's numbers from AT&T yesterday when the company disclosed 146,000 iPhone subs that first weekend the phone went on sale. We'll get a far better picture from Apple as far as iPhone sales are concerned today; but AT&T's news didn't stop Apple shares from suffering their worst, one-day point decline in seven years.
Every summer gadget companies are building the products they plan to sell during the late summer to Christmas bull market. A good investment play on the trend is to buy component makers like Texas Instruments.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Too much hype? Or not enough? It's clear, from AT&T's earnings news this morning, that Apple iPhone projections were way ahead of reality. That "popping" noise could be Apple shares. I wrote earlier today that Apple's highly hyped iPhone performed nowhere near Wall Street expectations during its first 30 hours on sale: AT&T reports 146,000 activations during its first weekend on sale.
Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.
With AT&T to report earnings Tuesday, two analysts told "Power Lunch" that the exclusive provider of wireless service for the iPhone will report higher-than-expected numbers. "I think that they [iPhones] are going to be fairly successful over the next two years," said Frank Louthan, telecom analyst at Raymond James, linking AT&T's earnings report to high iPhone sales.
AT&T reports earnings Tuesday and while the company's NYSE trading symbol is "T," in this case, "t" stands for telegraph, as in telegraphing what to expect from Apple which reports on Wednesday. In AT&T's case, the Street is looking for 67 cents on $29.61 billion in revenue. Rather than looking at the company's entire financial picture, I want to focus on the wireless sector since I'm really more interested in what all this could mean for Apple a day later.
So, earlier today, I delved into the drama gripping the blogosphere: Fake Steve Jobs and the efforts to unmask him. Now we have a fake Wall Street analyst purporting to be one of the key voices covering the company.
Amazing how a soap opera turns into a saga when lawyers get involved, but such is the case with the ongoing web mystery swirling around Fake Steve Jobs. Have you been following this? If you have, you may have seen my colleague Jane Wells' blog post yesterday about the Fake Steve Jobs, where she pointed out some of his "ramblings."
If there's going to be a buyout in telecom, Cramer says it should be Sprint.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Wireless telecommunications company Vodafone said it is not planning to bid for Verizon Communications, responding to a report it was considering a $160 billion offer.
I have been reading Runner’s World for the last 10 years or so and I have never stopped at an ad like I did when I saw this Pearl Izumi ad in their August issue. What made me stop? I thought it was so outrageous. So over the top. I read the thing four or five times and wasn’t quite sure what the point was. Was I more likely to buy Pearl Izumis from reading the ad? Were these Pearl Izumis going to help me find dead bodies? Would they give me a free pair if I found one?
Stocks are setting a positive tone ahead of the opening even as oil continues its move up. Merger news, real and rumored, dominates the Monday morning headlines.
Is it a sign that we truly are in an iPhone world or a bleak reminder to automakers that it's tougher than ever for them to impress younger car buyers? Either way, the research is fascinating. The latest data from CNW marketing shows that younger consumers (ages 16-29) rank tech gadgets like the iPod/iPhone, gaming systems, and computers as more important than a new car when it comes to impressing friends.
Someone at Cadbury Schweppes has been into the sauce. The beverage giant is teaming up with Vita Food Products this week to introduce three new BBQ sauces and marinades at the Fancy Food Show. The sauces are based on--get ready--Dr. Pepper, A&W Root Beer, and 7UP (7UP on ribs? Not right).
Back in March, when Google hired Andy Rubin, one of the founders behind the Sidekick from Danger, Inc., there was rampant speculation that the company was careening down the path toward a Google-branded cell phone. I was told by sources that he was heading up a 100-person team on this project. Since then, various Google execs have stepped forward to say there wasn't Google hardware in the company's future; but plenty of cool new software on the way designed specifically to take advantage of the wonderful world of wireless.
While most Mac geeks were worshipping at the iPhone altar this weekend, we here at CNBC got some tech geeks to dissect an Apple iPhone for us (see video below). Called a "tear down", it's when you break apart a gadget to figure out what's inside, and how much those components cost. We got one of the top companies in this field--called iSuppli-to peel apart the (Apple) gadget for us.
Hard to believe, but not everyone is buying an iPhone. In fact, 290 million Americans are probably going to take a pass. People like, well, you? Certainly people like LA commodities trader Ed Frank, who jokes, "What's an iPhone?" Frank's own cell phone gets stares, not because it's new, but because it's OLD. Really old. It's a Motorola StarTAC, which he bought nine years ago! In the last century.
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