With a little creativity and copper wiring, this $5 device will monitor whole basements for flooding.
This week we finally get confronted.
Wall Street is expecting earnings of 35 cents a share on revenue of $9.38 billion for the quarter just ended. But what will be more interesting is what's coming in the months ahead.
MySpace has been sold to Specific Media for a whopping $35 million and Justin Timberlake is reported to be one of the investors. Can Justin bring the sexy back to MySpace? Google's Google+ social media site opens and closes the invites within one day, and Antuan Goodwin might be to blame. And Donald Bell joins us to give his two cents on the HP TouchPad. It's show 1501... Join us tomorrow as we go back in time for show 1500!
Myspace has been sold to Specific Media for a whopping $35 million & Justin Timberlake is reported to be one of the investors. Can Justin bring the sexy back to Myspace? Google's Google Plus social media site opens & closes the invites within 1 day & Antuan Goodwin might be to blame. And Donald Bell joins us to give his two cents on the HP TouchPad. It's show 1501... Join us tomorrow as we go back in time for show 1500!
Software maker Roxio announced Tuesday that financial results for its first quarter will be below previous estimates. The company now expects revenue of $31 million and pro forma earnings of 2 cents a share, compared with previous estimates of $35 million and 15 cents a share, for the quarter ending June 30. The company, whose main products include the Easy CD Creator CD burning application and PhotoSuite graphics software, blamed soft demand throughout the PC software industry. "Industry indicators now suggest that the consumer and PC software sectors will be less robust in the near-term than previously anticipated," CEO Chris Gorog said in a statement.
Local telephone giant BellSouth announced Friday it will increase the price of a local public phone call from 35 cents to 50 cents, effective immediately. Consumers have been using pay phones less frequently as cell phones become more popular, causing some phone companies to raise the cost of a public phone call in an effort to make up for declining revenues. BellSouth announced in February that it is exiting the pay phone business gradually over the next couple of years. The company, which has approximately 125,000 pay phones in nine Southeastern states, plans to shift its focus to broadband, Internet and digital network offerings, as well as domestic and international lines of business for wireless and data services, BellSouth said in a statement.
Vitria, a maker of business application integration software, has cut 192 jobs, reducing its staff by 20 percent, the company said Tuesday. The Sunnyvale, Calif., company, which said the cuts included positions that were vacant, laid off workers in all divisions in an effort to turn a profit. Vitria warned last week that it would miss earnings and revenue targets for the first quarter. Vitria now expects revenue of $22 million to $24 million and a pro forma net loss of 20 cents per share to 21 cents per share. Analysts polled by First Call expected the company to post a pro forma net loss of 6 cents per share on revenue of $35 million.
Software maker Roxio increased financial guidance Monday for its fiscal fourth quarter ending March 31, based on its recently completed acquisition of MGI Software. Milpitas, Calif.-based Roxio now expects net revenue for the quarter to be $38 million and pro forma earnings to be 17 cents a share, compared with previous guidance of $35 million and 15 cents a share. Roxio is best known for its Easy CD Creator and Toast CD-burning applications. MGI's core products are the PhotoSuite and VideoWave photo- and video-editing packages.
Drugstore.com reported on Tuesday a third-quarter net loss of $26.2 million, or 39 cents per share, on $35 million in revenue, helped in part by a $7.5 million gain related to a renegotiation of its contract with Wellpoint Health Networks. Amazon.com-backed Drugstore.com lost $45.7 million, or 80 cents per share, on $26.5 million in revenue in the same quarter last year. On a pro forma basis, which excludes the gain, amortization of goodwill and certain noncash expenses, the online pharmacy lost $15.4 million, or 23 cents per share. Wall Street analysts, three of whom were surveyed by First Call, projected Bellevue, Wash.-based Drugstore.com would post a pro forma loss of 25 cents per share.