883 posts and columns on Eric Savitz
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Salesforce.com Shares Jump After Hours On Strong Q3 Results
Salesforce.com shares are trading higher after hours on solid results for its fiscal third quarter ended October 31.Voices
Microsoft: Gates, Ballmer Sell Shares
Microsoft CEO Steve Ballmer disclosed in an SEC filing Friday that he sold $1.34 billion worth of stock on November 3-5, at prices ranging from $26.74 to $27.18 a share. After the sales, which included 49.3 million shares, Ballmer continues to hold 358.9 million shares.Voices
RealNetworks Q3 Revs Miss; Profits Beat On Large Tax Refund
RealNetworks this afternoon reported Q3 revenue of $86.4 million, down three percent sequentially, off 38 percent year-over-year, and below the Street consensus at $88 million. But the company posted a profit for the quarter of $24.5 million or 18 cents a share largely due to a $33.9 million tax benefit, including a $30 million refund from the IRS.Voices
Seagate: Buyout Talks Live, Financing In Place, N.Y. Post Says
Seagate shares are getting a boost this morning from an upbeat story in the New York Post on the prospects for talks on taking the company private. Yesterday, the stock took a hit on a report that talks had collapsed. That was followed by multiple reports that KKR was likely to drop out of a group that has been discussing making an offer for the disk-drive maker.See What You've Done, Steve?
Apple has $51 billion in cash, and Steve Jobs had better spend some of it soon. Because people are starting to lose their minds. Example of the day: Delusional Sony investors.Voices
TerreStar Units File Chapter 11
TerreStar said its majority-owned Terrestar Networks unit and certain other affiliates have filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code. Earlier this week, the Wall Street Journal reported that a Chapter 11 filing likely was imminent.Voices
September U.S. Video Game Sales Down Eight Percent, NPD Reports
The trouble continues for the old school video game sector. In September, retail sales of new video game gear was down eight percent from a year ago to $1.18 billion, according to market research firm NPD Group. Hardware sales were down 19 percent and software sales were down six percent, although accessory sales were up 13 percent.Voices
Logitech Unveils $300 Revue Google TV Set-Top Box
Logitech this afternoon unveiled the Logitech Revue, a $299.99 set-top box and wireless keyboard controller based on the Android-based Google TV platform. The company also launched the Logitech TV Cam and Vid HD service for video calling.Voices
20 Percent Of Americans Have Played Games On Social Networks
20 percent of the U.S. population ages six or older have played a game on a social network over the past three months, according to a new study by market research firm NPD Group. That’s 56.8 million Americans spending time playing games like Farmville and Mafia Wars.Voices