Tech Biz Cheat Sheet: Yahoo Wooed, eBay Dissapoints
Yahoo! Inc (NASDAQ:YHOO) co-founder Jerry Yang says not so fast on a possible company sale. At the All Things Digital Asia conference in Hong Kong, Yang said:
“The intent going in is not to put ourselves up for sale,” Yang said at the All Things Digital Asia conference in Hong Kong today. “The intent is to look at all options. There’s plenty of options for the board, and plenty of options for our shareholders to realize value.”
Meanwhile at the same conference, Alibaba’s CEO Jack Ma said his company is still moving forward with their interest to buy Yahoo. And, of course, there are rumors Microsoft (NASDAQ:MSFT) is wooing too.
Apple Inc (NASDAQ:AAPL) overused the word “thrill” to appease Wall Street analysts in its third quarter earnings call and masked disturbing numbers from the quarter. Take a look at these Apple retail store figures: a 1 percent year over year revenue rise, a 26 percent profit decline, and a 4 percent year over year increase in visitors.
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Nokia’s (NYSE:NOK) third quarter mobile device shipments painted a bleak picture with a 3 percent year over year decline to 106.6 million but a 20-plus percent increase quarter over quarter–a better than expected number. Its average selling price dropped 18 percent quarter over quarter to $70. Smartphone shipments dropped 38 percent to 16.8 million year over year.
Cisco Systems Inc. (NASDAQ:CSCO) announced its intent to acquire privately-held BNI Video for $99 million in cash. The acquisition will advance Cisco’s Videoscape TV platform capabilities and achieves one of its top five corporate priorities: video.
Polycom (NASDAQ:PLCM) reported weaker than expected third quarter earnings and saw its stock dive today. Wall Street analysts responded by downgrading their ratings on the videoconferencing hardware provider.
eBay’s (NASDAQ:EBAY) stock dropped after the company announced inline third quarter earnings and a slight rise in its fourth quarter guidance. A Wells Fargo analyst maintained a “Market Perform” on the company, citing continued strength in Ebay’s Marketplaces and Payments segments and innovative offerings.
Don’t Miss: eBay Inc. Earnings Cheat Sheet: Beats Forecasts.