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Electronic Arts (ERTS)

EA Cuts Sales, Profit Estimates

Electronic Arts Monday said it expects GAAP and non-GAAP net revenue and earnings per share for the fiscal year ending March 31, 2010 to be below the financial guidance previously provided on November 9, 2009. Revised fiscal year 2010 expectations are primarily the result of weakness for EA and the overall packaged goods sector in Europe in December, and a product mix shift to lower margin distribution products in the December quarter, primarily in North America.

Jan 11 · 4:56:00 PM · Source: Company News Release
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by Larry Etter

Apple (AAPL)

O2 says iPhone demand strained its London network

Apple's data-hungry iPhone at times overwhelmed London operator O2's network during the last six months but additional capacity helped ease the problem by December, O2 said on Tuesday.
O2, which is owned by Spain's Telefonica said some customers in the UK capital had periodically not been able to make or receive calls or transmit data because of pressure on the network from smartphones such as the iPhone. O2, whose exclusive contract to market the Apple handset in the UK expired in November, had seen an 18-fold increase in data traffic since the start of the year, a spokesman said.

Dec 29 · 4:38:00 PM · Source: Reuters
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by Michael Oliveto

3Com Corporation (COMS)

3Com Q2 Profit Up, Revenues Down

Computer networking maker 3Com Corp. said Wednesday its fiscal second-quarter net income increased 55% to $19.99 million, or 5 cents a share, from $12.9 million, or 3 cents a share in the year-ago period. Adjusted net income was 9 cents a share in the latest period. Revenue dropped to $322 million from $355 million.
Earnings missed analyst expectations by a little bit.

Dec 23 · 11:11:00 AM · Source: Company News Release
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by Larry Etter

Research in Motion (RIMM)

RIM Reports Impressive 3rd-Qtr Results

Research in Motion reported for the 3rd-quarter 2009 earnings of $628.4 million, or $1.10 per share, on sales of $3.92 billion. That compares to the prior year earnings of $396.3 million, or $.69 per share, on sales of $2.78 billion.
Earnings per share for the fourth quarter are expected to be in the range of $1.23-$1.31 per share diluted. "We are pleased to report record shipments of more than 10 million BlackBerry smartphones during the third quarter with higher than expected revenue, earnings and subscriber growth," said Jim Balsillie, Co-CEO at Research In Motion. "RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America."

Dec 18 · 2:16:00 PM · Source: Company Press Release
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by Rich Pike

Texas Instruments (TXN)

Texas Instruments Raises Guidance

Yahoo Finance is reporting that Texas Instruments raised its fourth-quarter profit and sales outlook on Tuesday, citing an improving market for chips used in cell phones and other electronic gadgets like hard disk drives and video game consoles. Texas Instruments now expects to earn between 47 cents and 51 cents per share, up from a prior estimate of 42 cents to 50 cents and above third-quarter earnings of 42 cents per share.

Dec 8 · 8:46:00 PM · Source: Yahoo Finance
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by Rich Pike

Marvell (MRVL)

Marvell Earnings Beat Estimates, Shares Rise

Marvell reported a third-quarter profit of 35 cents a share, on sales of $803.1 million. One year ago, Marvell reported earnings of 23 cents a share on $791 million in sales. Marvell forecasts it will earn between 33 cents and 39 cents a share in fourth quarter, excluding one-time items, with sales in range of $820 million to $850 million.
Marvell makes chips for a wide variety of products, including Western Digital's hard drives and Research in Motion's BlackBerry smartphones. The company said it has seen improved demand across its entire portfolio.

Dec 4 · 5:02:00 PM · Source: CNBC.com
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by Rich Pike

HP (HPQ)

HP Profit Up

HP said Monday that its earnings jumped 14 percent to $2.4 billion, or 99 cents per share, in the three months ended Oct. 31, compared with $2.1 billion, or 84 cents per share, in the year-ago period. Excluding one-time items, net income totaled $1.14 per share. Sales fell 8 percent to $30.8 billion, or dropped 5 percent if currency fluctuations are stripped out. HP also added $8 billion to its stock buyback program, boosting the total amount available to $12 billion.
Sales and earnings exceeded expectations.

Nov 24 · 11:51:00 AM · Source: Company News Release
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by Larry Etter

Dell (DELL)

Dell Disappoints With Quarterly Profits and Sales

Dell Thursday night reported net income of $337 million, or 17 cents a share, in the quarter that ended on Oct. 30, down from $727 million, or 37 cents a share, it earned in the same period last year. Dell’s revenue fell to $12.9 billion from $15.16 billion,
Earnings and revenues missed Street estimates.

Nov 20 · 1:06:00 PM · Source: Company News
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by Larry Etter

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