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Blog Profile / The Tech Trade


URL :http://blogs.forbes.com/ericsavitz/
Filed Under:Technology
Posts on Regator:5343
Posts / Week:27.2
Archived Since:February 24, 2011

Blog Post Archive

Facebook Sets March 7 Event To Show Revised News Feed

Facebook has invited the media to a March 7 event to unveil a revised version of the news feed. The event will be held at the social network’s headquarters in Menlo Park. FB shares are up 37 cents, or 1.4%, to $27.62. The invitation is pretty straightfoward:

Youku Q4 Tops Ests, But Shrs Fall As Outlook Disappoints

Shares of the China-based Web video company Youku are trading lower Friday morning following the company’s Q4 earnings report yesterday afternoon. While results were ahead of estimates, the stock is trading lower on a disappointing Q1 outlook. For Q4, the company reported revenue of $102.1 million, ahead of the Street at $99.2 million. Adjusted EBITDA [...]

Mentor Graphics Slides; Q4 Mixed; Q1 View Disappoints

Mentor Graphics shares are trading sharply lower Friday morning after the electronic design automation software company posted mixed results for the fiscal fourth quarter ended January 31, and provided disappointing guidance for Q1 and for the January 2014 fiscal year. For Q4, the company posted revenue of $331.2 million, below the Street consensus at $343.2 [...]

Facebook Confirms It Is Buying Microsoft’s Atlas Unit

As expected, Facebook this afternoon confirmed in a blog post that it has agreed to acquire the Atlas Advertiser Suite from Microsoft. “Atlas is a leader in campaign management and measurement for marketers and agencies. We believe this acquisition will benefit both marketers and users, and we’d like to explain why,” Brian Boland, Facebook’s director of [...]

Groupon Ousts Andrew Mason

Groupon this afternoon said Andrew Mason has been ousted as CEO. The daily deals company said Executive Chairman Eric Lefkofsky and Chairman Ted Leonsis have been named to the newly created office of the Chief Executive, replacing Mason, effective immediately. “On behalf of the entire Groupon Board, I want to thank Andrew for his leadership, [...]

OmniVision FY Q3 Tops Forecasts; But Q4 Outlook Misses

Digital image sensor provider OmniVision this afternoon posted better-than-expected results for its fiscal third quarter ended January 31 – but it also provided disappointing guidance for the April quarter. For the latest period, OmniVision reported revenue of $423.5 million, up from $390.1 million in Q2, and $185.2 million in the year ago quarter, and ahead [...]

Splunk FY Q4 Tops Street Projections; Shares Gain

Big data software analytics provider Splunk this afternoon posted better-than-expected financial results for its fiscal fourth quarter ended January 31. For the quarter, Splunk posted revenue of $65.2 million, up 51% from the year-ago quarter, and well ahead of the Street at $60.1 million. Non-GAAP profits were 3 cents a share, ahead of the Street [...]

Salesforce.com FY Q4 Tops Estimates; Shares Rally

Salesforce.com this afternoon reported better than expected results for its fiscal fourth quarter ended January 31, sending the stock close to a new 52-week high. For the quarter, the cloud software company posted revenue of $835 million, up 32% from a year ago, and ahead of the Street consensus at $830.9 million. Non-GAAP profits of [...]

Palo Alto Networks FY Q2 Revs, Profits Top Street Estimates

Palo Alto Networks this afternoon posted better-than-expected results for its fiscal second quarter ended January 31. For the quarter, the security software vendor (which by the way is based in Santa Clara, not Palo Alto) reported revenue of $96.5 million, up 70% from a year ago, and ahead of the Street consensus forecast of $93.3 [...]

Suntech: Investors Fret Over $541M In Debt Due 3/15

Suntech shares are selling off Thursday, as investors worry about how the troubled China-based solar products company will cope with the coming March 31 due date for $541 million in outstanding convertible debt. Bloomberg noted earlier this week that the company has been holding talks with the government of the city of Wuxi about the [...]

Red Hat: Barclays Launches Coverage At Overweight

Barclays Capital analyst Raimo Lenschow this morning picked up coverage of the open source software company Red Hat with an Overweight rating and a $60 price target. The stock closed Wednesday at $50.55. “Open source continues to proliferate within enterprise IT, disrupting the traditional software license model,” the analyst writes in a research note. “Red Hat [...]

AOL Shares Sag On Management Shake-Up

AOL shares are trading lower Thursday after the online content and services company announced two key  management changes. COO Artie Minson is stepping down. The WSJ reports that he had differences with CEO Tim Armstrong on the right strategy for AOL’s Patch and Huffington Post units. The company has named Susan Lyne, an AOL board [...]

Public Cloud Mkt To Grow 18.5% In ’13 To $131B, Gartner Says

And you thought this whole cloud thing was just a bunch of hooey. The public cloud services market will grow 18.5% this year to $131 billion worldwide, according to a new report from the market research firm Gartner. That includes an expected 47.3% increase in infrastructure as a service – or IaaS – including cloud [...]

Procera Networks Q4 Misses; 2013 View Below Ests; Shrs Tank

Procera Networks shares are taking a big hit Thursday morning after the provider of policy enforcement software to carriers and others posted disappointing results for the fourth quarter – and provider full year guidance that fell short of Street expectations. For Q4, Procera reported revenue of $16.6 million, up 6% from a year ago, but [...]

Aixtron Q4 Revs Top Street; Sees LED Market Stabilizing; Shrs Up

Shares of the Germany-based LED manufacturing equipment supplier Aixtron are trading sharply higher Thursday morning on better-than-expected Q4 revenues, and cautiously upbeat comments on the state of the market. However, the company declined to give 2013 guidance, citing the uncertain market conditions. Show More Summary

Pandora Sets 40 Hour Monthly Cap On Free Mobile Listening

Pandora announced in a blog post today that it is installing a 40 hour monthly limit on free listening to its Internet radio service over mobile devices. The company said it decided to take the step in the face of rising per-play content costs. Those who top the 40 hour mark will have the choice [...]

Broadsoft Shares Plunge On Soft Guidance For Q1, 2013

Broadsoft shares are taking a pounding Wednesday afternoon after the provider IP communications services provided disappointing guidance for both the first quarter and for all of 2013. For Q4, the company reported revenue of $45.8 million, up 13% from a year ago, and  a hair above the Street consensus at $45.7 million. Non-GAAP profits of [...]

Universal Display Posts Mixed Q4; Shares Gain After Hours

The LED display technology and materials company Universal Display this afternoon posted mixed results for the fourth quarter. Revenue for the period was $28.1 million, up 51% from the year-ago quarter, and ahead of the Street consensus at $26.4 million. But profits of 12 cents a share came in a penny below Street estimates. For [...]

Facebook Reportedly To Buy Microsoft’s Atlas Solutions Unit

Facebook tomorrow will announce a long-rumored acquisition of Microsoft‘s Atlas Solutions advertising technology business, according to Advertising Age. The publication earlier this month had reported that the deal was “imminent.” The...Show More Summary

Apple Holds Dull Annual Meeting; Shrs React Accordingly

It was the Apple annual meeting about nothing – they should have had George Costanza guest host. OK, not actually nothing. Shareholders at Apple’s annual meeting in Cupertino today approved the auditor, and voted on various other measures of importance to someone or another. But at the end of the day, CEO Tim Cook’s primary [...]

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