John Paczkowski

Recent Posts by John Paczkowski

Sun Earnings Not as Atrocious as Feared

Sun Microsystems’ second-quarter results were dismal–but not so appalling that they didn’t beat the lowered expectations of financial analysts. The company reported a net loss of $209 million, or 28 cents a share, quite a change from the net income of $260 million, or 31 cents a share, it reported for the same period a year earlier.

Ugly.

That said, these figures were weighed down by the $222 million restructuring charge Sun’s taking for sacking 6,000 employees. Without it, Sun (JAVA) would have earned 15 cents per share. Analysts had been expecting a loss of 10 cents per share, excluding costs. Investors took solace in the discrepancy between the two, sending shares in the company up more than seven percent to $4.30.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work