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| Friday, January 23, 2009 |
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 Google Keeps Humming Along, For NowWe expected Google to report a solid fourth quarter and it didn't disappoint. Net revenue came in at $4.2 billion about in line with analysts expectations. As for 2009, we have our doubts. Google CEO Eric Schmidt only provided vague generalities for the next year, saying "it's unclear how long the downturn will last." Thanks, Dr. Schmidt. In a more telling sign of the company's outlook for 2009, they reported just 99 new hires for the quarter. They also wrote down their AOL investment $726 million, taking a 70% haircut on that deal. Read > Google CFO Hints More Layoffs Always PossibleGoogle Employees Get A BailoutGoogle Android App Store 5% As Big As iPhone's | |
| Microsoft Blows Q2, Firing 5,000 In a surprise early earnings announcement, Microsoft said it was eliminating 5,000 positions, including 1,400 today, saying the move will save the company about $1.5 billion a year. The layoffs come as Microsoft misses Q2 revenue and earnings. Revenue was $16.63 billion versus $17.08 billion expected. EPS was $0.47 a share, below $0.49 expected. Read > | |
| More Yahoos Leaving? Good Riddance Kara Swisher dutifully chronicles the departure of yet another Yahoo senior manager, Eric Hadley, who just got to the company in November and is going back to Microsoft. We say, "Good riddance." Read > | |
| How Apple Can Fix iPhone Sales Apple's holiday iPhone sales missed the mark. And as the economy continues to crater there's no reason to assume that things will improve this quarter. So it's time for Apple to fix the problem -- by cutting the phone's price and doing what it can to make iPhone service cheaper. Read > | |
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EchoStar/Sling Media's Sling.com video site gets a boost: Its viewers will soon be able to watch Viacom shows like MTV's "The Hills" via a new deal. Read > RIM Co-CEOs Could Face $80 Million Fine BlackBerry maker Research In Motion's co-CEOs Jim Balsillie and Mike Lazaridis could face record fines over a stock option accounting scandal dating back to 1996. Read > Google Ignores Madison Avenue, Even As Web Video Rivals Cash In Microsoft, Yahoo, CBS Interactive and Hulu joined agency Starcom Mediavest and six of its advertisers, including Allstate, Capital One Financial and DineEquity's Applebee's, to form a group they're calling "the pool." The group's goal is to finally decide on a standard for Web video advertising. Read > Digg To Fire 10%, Finally Hire A Direct Sales Team Look's like Digg got our email about how to fix their business. Read > | |
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