Voices
Angus Loten, Reporter, The Wall Street Journal in News on May 17 at 7:00 am PT
David Karp has focused on expanding Tumblr Inc.’s network of free bloggers for the past five years. Now, both he and his company are heading into a risky new phase: Making the site profitable.
Tricia Duryee in Commerce on February 1 at 3:40 am PT
Amazon defended its free-spending habits yesterday in a call with analysts, arguing that it continues to see new opportunities and will invest accordingly.
Peter Kafka in Media on October 26, 2011 at 3:00 am PT
The company won’t ever talk numbers, but it made it quite clear: It’s going to sell its new tablet at a loss so it can sell more stuff in the long run.
News Byte
Arik Hesseldahl in Enterprise on September 28, 2011 at 1:58 pm PT
Chipmaker Advanced Micro Devices just
reduced its outlook for the current quarter, saying it now expects sales to grow in the 4 to 6 percent range, down from prior guidance of 10 percent or more. Also, gross margins will be 44 to 45 percent, lower than previously forecast. AMD blamed manufacturing difficulties at its former fabrication arm, GlobalFoundries, for the reduced expectations. AMD stock was down almost 8 percent in after-hours trading.
Kara Swisher in News on July 21, 2011 at 2:49 pm PT
Microsoft had a solid fourth quarter, which is why the conference call with Wall Street analysts should be relatively short and sweet.
Or sweet, at least.
Kara Swisher in News on May 9, 2011 at 8:14 pm PT
The Wall Street Journal reported earlier tonight that Microsoft–in what would be its most aggressive acquisition in the digital space–was zeroing in on buying Skype for $8.5 billion all in.
Sources told BoomTown tonight that the deal for the online telephony and video communications giant is actually done and will be announced early tomorrow morning.
Kara Swisher in Media on May 5, 2011 at 2:13 pm PT
Today, after Demand Media beat Wall Street expectations, its cheerful execs got on the horn with investors to explain how it plans to beat the Panda.
That would be the beastly name for Google’s rejiggering of its search algorithm, in order to rid search results of poor quality content.
BoomTown liveblogged the event, of course.
Kara Swisher in Media on May 5, 2011 at 1:39 pm PT
Demand Media handily beat Wall Street expectations in its first quarter results today, released after the market closed.
The company reported revenue of $79.5 million and six cents a share in adjusted net income.
Investors were expecting the company to report about $69.6 million in revenue for the three months, with four cents a share in profits.
On a GAAP basis, net loss per share was 13 cents compared to 94 cents a year ago.
