Market News

eBay (EBAY)

Giving customers even more choice in how they pay online, eBay (Nasdaq:EBAY) and PayPal (Nasdaq:EBAY) now offer Bill Me Later as a payment option during checkout. With Bill Me Later, qualified eBay and PayPal customers in the U.S. can now manage their budgets more easily, buying items quickly and effortlessly and paying for them over time, without using a credit card.
On eBay, Bill Me Later will be available as a payment option for both Buy It Now and approved auction purchases. Qualified customers can also use Bill Me Later at tens of thousands of their favorite online merchants that accept PayPal Express Checkout

Oct 19 · 12:07:00 PM · Source: Business Wire
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by Larry Etter

NCR Corp. (NCR)

NCR Corporation (NYSE: NCR) today announced that ING Belgium has chosen the NCR SelfServTM 34 automated teller machine (ATM) with cash-recycling module to equip its new-concept Proxi branches.
The Proxi branch concept is part of ING Belgium’s retail bank strategy, unveiled in 2007 and driven by changes in customer expectations and habits, particularly the trend towards electronic channels. Proxi branches have an attractive open-plan layout with a fresh design and no counters or security glass, in order to facilitate interaction between customers and bank staff.

Oct 19 · 9:21:00 AM · Source: Business Wire
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by Larry Etter

Accenture Ltd. (ACN)

Accenture (NYSE:ACN) has completed its acquisition of the professional services unit of Nokia (NOK) responsible for providing engineering and support of the Symbian operating system to mobile device manufacturers and service providers. The Symbian operating system is the world’s most widely used platform for smartphones.
The acquired unit will focus on providing global companies with a broad range of embedded software services and capabilities for mobile devices and will be called Accenture Embedded Mobility Services. The new capabilities will complement and enhance the product engineering and software development services that Accenture already provides to global clients today, helping to reduce development costs and time to market while enhancing product quality and functionality.

Oct 16 · 11:00:00 AM · Source: Business Wire
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by Larry Etter

Dell (DELL)

In advance of the worldwide launch of Windows 7 next week, Dell is unveiling a new series of Windows 7 consulting, management and support services to help companies and organizations better prepare migration plans to the new operating system.
The consulting and services offerings are designed to help businesses of any size efficiently migrate to Windows 7 with fixed-scope consulting engagements to help them save money and time.

Oct 16 · 10:56:00 AM · Source: Business Wire
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by Larry Etter

Advanced Micro Devices (AMD)

AMD (NYSE:AMD) Thursday reported revenue for the third quarter of 2009 of $1.396 billion, an increase of 18 percent compared to the second quarter of 2009, but a decrease of 22 percent compared to the third quarter of 2008. AMD third quarter showed a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt. AMD’s operating loss was $77 million in the quarter.
AMD expressed optimism about future, saying it expects its product Company revenue to be up modestly for the fourth quarter of 2009.

Oct 15 · 4:30:00 PM · Source: Business Wire
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by Larry Etter

IBM (IBM)

IBM Thursday reported third-quarter net income of $3.2 billion compared with $2.8 billion in the third quarter of 2008, an increase of 14 percent. Total revenues for the third quarter of 2009 of $23.6 billion increased 1 percent from the second quarter of 2009, and decreased 7 percent (5 percent, adjusting for currency) from the third quarter of 2008.
IBM's CEO Sam Palmisano said IBM's long-term strategic shift to higher-value businesses "again enabled us to deliver outstanding margin, earnings and cash flow growth in the third quarter.” He said IBM also saw improved revenue trends in our business and share gains in software and hardware.

Oct 15 · 4:21:00 PM · Source: MarketBeast
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by Larry Etter

Google (GOOG)

Google reported revenues of $5.94 billion for the quarter ended September 30, 2009, an increase of 7% compared to the third quarter of 2008. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2009, TAC totaled $1.56 billion, or 27% of advertising revenues.
Earnings beat expectations: GAAP net income in the third quarter of 2009 was $1.64 billion, compared to $1.29 billion in the third quarter of 2008.

Oct 15 · 4:08:00 PM · Source: Business Wire
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by Larry Etter

Nokia Corporation (NOK)

Nokia, the world’s largest mobile phone maker, reported a $1.36 billion loss in the third quarter as the company wrote down the value of its wireless networks venture by $1.35 billion and global sales declined 20 percent.
The company said that its leading share of the global cellphone market remained unchanged at 38 percent. But it acknowledged that its lead in smartphones, the fastest-growing segment of the market, had fallen to 35 percent from 41 percent, losing ground to Apple’s iPhone and Research in Motion’s BlackBerry devices.

Oct 15 · 1:47:00 PM · Source: NY Times
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by Larry Etter

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