FA Notes Monday October 18, 2010
5:38 MSFT – Microsoft’s chief software architect Ray Ozzie will resign. Link
5:24 VMW – VMware reported Q3 earnings of 39c vs. 35c estimate and revenue of $714M vs. $698M estimate. The company guides Q4 revenue to $790-810M vs. $774M estimate.
5:13 IBM – IBM reported Q4 earnings of 2.82 vs. 2.75 estimate and revenue of $24.3B vs. $24.12B estimate. The company guided FY2010 EPS to “at least 11.40.”
“Services revenue up 2 percent, as reported and adjusting for currency; Services backlog of $134 billion, up $5 billion quarter to quarter, down $2 billion adjusting for currency, and flat year over year.”
5:09 DIS – Disney pays off Paramount to buy rights to release Avengers and Iron Man 3. Link
4:52 AAPL – Apple reported Q4 earnings of 4.64 vs. 4.06 estimate and revenue of $20.34B vs. $18.86B estimate. The company guided Q1 earnings to 4.80 vs. 5.04 estimate and revenue to $23B vs. $22.22B estimate.
iPad units 4.19M vs. 4.7M estimate. iPhone units 14.1M (91% y/y) vs. 11.4M estimate. Mac units 3.89M (27% y/y) vs. 3.8M estimate. iPod units 9.05M (-11% y/y) vs. 9.5M estimate. Gross margin was 36.9% vs. 41.8% a year ago.
3:41 BAC – Bank of America plans to resume foreclosures in 23 states next week and re-file the paperwork for 102,000 cases. Link
2:13 CVC – News Corp. briefly over the weekend cut off Fox internet shows from Cablevision internet surfers. Link
12:32 TLT – China was a net buyer of treasuries in August. China’s treasury holdings increased $21.7B to $868.4B. Japan was also a net buyer and owns $836.6B. Link
11:50 Report that T-Mobile will launch a $9.99 month smart-phone data plan good for up to 200 megabytes of usage. Link
11:46 Valve software’s Steam platform has hit 30 million accounts, +178% y/y. Steam now has 1200 games and 3 million max concurrent users. Revenue is up 200% y/y, the sixth straight year of 100%+ growth. Link
11:42 TLT – List of exact amounts and what specific bonds the Fed bought today. Looks like the Fed focusing on 7 year bonds. Link
11:37 LULU – Lululemon bears come out of the wood work over the weekend in Barrons. Whitney Tilson says, “Companies such as Prana, Gaiam, Athleta, Lucy and even big names like Adidas have all jumped into the business. Lululemon, basically is selling a $1 piece of spandex for $100. Target’s Icon Women’s Yoga Pant costs $19.99.” Link
11:35 TTWO – Take-Two executive says “we are reporting good results” on Bloomberg TV. Link
11:33 INTC – Intel cuts prices on some processors. PDF
11:15 TLT – Fed bought $6.26 billion of Treasuries today. Link
11:13 JCP – J.C. Penney adopts a poison pill plan after Bill Ackman’s recent large purchases in the company. Link
10:45 GLD – An interview with Eric Sprott of Sprott Asset Management. Link
10:38 Goldman says the average 12-month gain for the stock market after a “change over” mid-term election since 1950 is 11%. Link
10:00 US NAHB October housing index 16 vs. 13 in September.
9:18 ISLN – NYPost reports EMC in talks to buy Isilon. Link
9:15 September industrial production -0.2% vs. 0.2% estimate.
9:00 GLD – South Korea central bank looking at gold. Link
8:55 NFLX – At least one sell-side analyst is still bearish on Netflix. Link
8:46 HAS – Hasbro reported Q3 EPS of $1.09 vs. $1.04 estimate and revenue of $1.31B vs. $1.29B estimate.
8:40 C – Citigroup reported Q3 EPS of 7c vs. 6c estimate and revenue of $20.7 billion vs. $21.15B estimate.
8:23 STX – WSJ reports Bain Capital mulling joining a private equity bid for Seagate that could be $10 to $12 billion. Link