April 17- Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.» Read More
Yahoo may have doused one raging fire this week, settling with Carl Icahn, but there's still another blaze burning: the company's underlying business, and that may take far more effort to put out.
If you think you can't do much about high gas prices, you might want to think again. There's a new little gadget can help drivers burn less fuel. Ron DeLong, founder and owner of Linear Logic, maker of ScanGauge Version II explains.
Let me start by saying we all make mistakes, but when it comes to Apple Inc., when you make a mistake it matters. In this business, you can make or lose a lot of money for a lot of people by getting a story right or wrong.
TiVo, the Silicon Valley company that introduced millions to the joy of skipping television commercials, is trying to crack a decades-old media dream. It wants to turn the television remote control into a tool for buying the products being advertised and promoted on commercials and talk shows.
I said it earlier, and I'll say it again: traders trade, investors invest, and those with a longer term time horizon--months instead of weeks; weeks instead of days--will reap the rewards when it comes to Apple.
SanDisk Monday reported a sharp swing to a loss in its quarterly results as pricing was hurt by an industry glut of memory chips for gadgets, sending its shares down 9 percent after-hours.
The fact is, Apple has beaten the Street for the past seven straight quarters, and there's every indication that the company will do so again this time around. And yet the stock still languishes.
The analysts I'm talking to this morning seem to indicate that Yang really had no choice but to get this ugliness with Icahn settled prior to the shareholder meeting. If there's frustration out there, it's that Yahoo's board couldn't come up with a way to get this settled earlier than two weeks before the meeting.
Earnings reports from Google and Microsoft are casting doubts on the assumption that these tech giants are immune to the recent economic downturn.
International Business Machines's profit leaped 22 percent, blowing past Wall Street's estimates as its bread-and-butter services division continued to thrive despite economic malaise in the United States.
Minutes after reporting this news, the company offered up a revision to its full year earnings per share and the bump up is significant. Remember, IBM did this at the conclusion of its first quarter, taking EPS estimates up from $8.25 to $8.50.
The company missed the Street expectations by a penny, so in the big scheme of things not such a devastating issue. But the miss comes on far better than expected top line growth: $15.8 billion instead of the $15 billion analysts expected. What's the problem here?
Microsoft reported fourth-quarter earnings of 46 cents per share on revenue of $15.84 billion -- falling short of analyst estimates.
Looking a little deeper, the company's web site gross revenue failed to meet expectations: $3.53 billion versus the range of $3.54 billion to $3.57 billion. Networks site revenue was in line at $1.66 billion.
Here's the classic multi-national tech company, the bellwether for so many different reasons, and at a time when just about everyone is worried about domestic recession, a global economic slowdown...
Microsoft will report its fourth fiscal earnings quarter after the bell today, and investors will be keenly watching guidance to make sure the company wasn't too aggressive in its forecasts the last time around.
Apple is the latest company to find a silver lining in cloud computing. Its new MobileMe service ($100 a year) is an overhaul of a suite of Internet features that used to be called .Mac.
This was a big quarter for Intel, no matter how you slice. But while shares soared the moment this earnings news crossed the wires, as they did last quarter, they quickly settled back. Again. As Wall Street worries about computer industry sluggishness. Again. Even though Intel isn't seeing that. Again.
A grand jury subpoena sent by prosecutors in the Bronx earlier this year sought information to help identify people blogging anonymously on a Web site about New York politics called Room 8. The subpoena carried a warning in capital letters that disclosing its very existence “could impede the investigation being conducted and thereby interfere with law enforcement” — implying that if the bloggers blabbed, they could be prosecuted.
Dow component Intel reports earnings after the bell later today, and while I touched on expectations yesterday, I want to go a little deeper today, especially with a market like this one.