Wall Street

Will There Be a Microsoft and Yahoo Deal?

Authored by Jay Baage on April 23, 2008 - 5:49am.

In this video, Kara Swisher of All Things D asks some tech people at a party in San Fran about what they think will happen between Microsoft and Yahoo! after the MS bid expires this Saturday. The answers are kinda interesting, but the highlight to me is when Kara confronts one of the tech guys wearing a Jawbone Bluetooth Headset: "What is that, an anti-dating device, a female repellent?"

Analysis: Netflix Guidance Disappoints - Here's Why

Authored by Paul Sweeting on April 22, 2008 - 6:38am.

After a spasm of irrational exuberance pushed shares of Netflix to new highs over the past few weeks investors abruptly reversed course late Monday, hammering the shares in after-hours trading after the company's Q1 earnings report included lower-than-hoped for guidance for the rest of the year. After officially closing up almost 2% on the day, the shares plunged more than 14% in the after-hours market, losing $5.52 a piece. The company shaved 1 cent off the upper end of its projected full-year EPS to $1.29, quickly deflating a bubble of expectation that had lifted the shares by nearly 50% over the past year.

Mark Cuban on CEO Pay - Eliminate All Free Lottery Tickets

Authored by Mark Cuban on April 15, 2008 - 6:17am.

There is a game played by CEOs with the corporate issuance of lottery tickets. Otherwise known as stock. Stock can be issued in any number of ways, shapes or forms. Warrants, options, restricted or unrestricted stock. No matter what you call it, every CEO hired, is asking for equity knowing that their only goal is to hit the jackpot and create a pool of wealth that puts them in the "fuck you" wealth category. Thats enough money to buy or rent just about anything you can think of and put you in position to never have to work again. You just live off the cash in the bank.

Slides from Sony BMG's Thomas Hesse at DMFW

Authored by Jay Baage on October 10, 2006 - 10:20am.

Thomas Hesse, President of Sony BMG's Global Digital Business, was the keynote speaker at Digital Music Forum West on October 4, 2006. He gave many numbers of how Sony BMG is doing on the digital side of their business. For example, he showed slides with figures pointing to that sales of album downloads have grown 115% YTD and single downloads 72% to $1.1 billion YTD. However, sales of physical CDs have during the same period gone down 8% or $1.4 billion. Some of you have asked about getting the slides from his presentation, so here they are:
Click here to download the file (7MB PDF file)

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Sony BMG's Thomas Hesse: Our Digital Revenues will grow 50-60% in 2006

Authored by Jay Baage on October 4, 2006 - 6:05am.

UPDATED
From Digital Music Forum West 2006. Thomas Hesse, president of Sony BMG Music Entertainment’s Global Digital Business operating group, reveals that he expects digital revenue to be up 50-60% for the full year 2006. He said to DMW that it might even be as high as 70%. On the negative side, he says that physical sales are continuing to go down significantly. Hesse held the keynote address that kicked of DMW’s conference “Digital Music Forum West”, on October 4 and 5 at the BelAge hotel in Los Angeles.

Will Sony BMG's Court Trouble Sink Possible EMI-Warner Deal?

Authored by Jay Baage on July 13, 2006 - 8:20am.

A European Union Court decision from two years ago that allowed the creation of the 50/50 joint venture known today as Sony BMG, the world’s second biggest record label with artists such as Christina Aguilera, has surprisingly just been annulled.

Blodget: Google Stock is Worth “Only” $420

Authored by Jay Baage on July 13, 2006 - 7:40am.

Henry Blodget, infamous Wall Street Internet Analyst turned blogger, thinks that Google’s stock is trading at a fair value of around $420 (on Thursday it was trading slightly lower at around $413) and predicts Q2 revenue of 1,66 billion, slightly higher than current Wall Street consensus of about $1.6 billion.

Is Camp Allen and the Moguls Drifting Towards Irrelevance?

Authored by Jay Baage on July 7, 2006 - 5:45am.

Fuel up your jets, next week is the start of “Camp Allen”, the annual summer investment conference hosted by the investment banker Herbert A. Allen Jr. of Allen & Co. that caters to the crème de la crème of media, entertainment and tech managers.

Wall Street Journal to Combine Print, Online Operations

Authored by Mark Hefflinger on February 22, 2006 - 4:25am.

New York - Dow Jones & Company, publisher of The Wall Street Journal, announced on Wednesday that it plans to combine the print and online operations at the paper into a single operating unit. The Consumer Media Group will comprise The Wall Street Journal print and online editions, Barron's, MarketWatch and other consumer sites. L. Gordon Crovitz, formerly head of The Journal's online operations, was named executive vice president of Dow Jones and publisher of The Wall Street Journal. "This new structure and leadership team is a major first step in transforming Dow Jones from a channel-focused publishing company to a franchise, market, and customer-focused media company," said Dow Jones CEO Richard F. Zannino. "By organizing around markets and customers and integrating print, online and other media for each of our franchises, we will enhance our journalistic excellence, increase the value we provide to customers, improve our efficiency, execution and decision-making, reduce costs and be better positioned to exploit growth opportunities in the consumer, enterprise and local media markets." The new structure is expected to save $8 million per year, largely through eliminating about 20 jobs.

Google Quarterly Earnings Soar Past Wall Street Expectations

Authored by Mark Hefflinger on February 2, 2005 - 3:44am.

Mountain View, Calif. -- Shares of Google shot past the $200-mark in Tuesday's after-hours trading, after the search engine giant reported quarterly earnings per share that topped consensus Wall Street estimates by $0.10 a share. Buoyed by an upturn in online advertising, the company reported a seven-fold increase in net income, $204 million compared with $27 million a year ago, on sales that doubled to $1.03 billion. Earnings per share of $0.87 topped estimates of $0.77, according to a survey of analysts by Thomson First Call. Shares were up more than 6% in after-hours trading.

tags: Google | Wall Street | Quarterly Earnings |