DirecTV Group (NASDAQ:DTV) and Fox Networks (NASDAQ:NWSA) put the gloves on after the latter asked for a 40 percent increase in carriage fees. Citing the request as unfair and unwarranted, DirecTV has threatened to pulling Fox channels beginning Nov 1. Fox’s side of the story? DirectTV is “unnecessarily aggressive” and they should remain with the same terms until the two sides reach an agreement.
Verizon Communication’s (NYSE:VZ) third quarter earnings report included a year over year 6 percent increase in wireless service revenue. The quarter also added 1.3 million wireless subscribers with 882,000 being retail postpaid. The company’s retail average revenue per user was 2.4 percent year over year to $54.89 while wireline revenue declined 1.3 percent as compared to the second quarter’s 0.3 percent decline.
Seagate Technology’s (NASDAQ:STX) Thailand manufacturing operations have not suffered any damage from the area’s floods. CEO Steve Luczo said “production continues to this day” however, he added that parts suppliers have been severely impacted and its effects will be seen by the company in the upcoming weeks.
Jabil Circuit, Inc. (NYSE:JBL) announced a $100 million repurchase plan for the company’s stock.
SanDisk Corporation’s (NASDAQ:SNDK) investors gleaned the positives from the company’s third quarter report by focusing on its $0.13 better than expected earnings per share rather than its revenue miss. In the company’s conference call, they said the fourth quarter revenue guide is $1.5 billion to $1.6 billion with mobile device-related sales staying strong and a 25 percent revenue increase year over year.
Freescale Semiconductor Inc. (NYSE:FSL) plunged from its third quarter earnings report. Its $1.14 billion revenue dropped seven percent year over year ($0.29 earnings per share) but beat estimates by $12 million and $0.06, respectively. Weak industrial and telecom has the company guided fourth quarter revenue of $1 billion to $1.06 billion, down from $1.11 billion.
Pandora Media (NYSE:P) announced Lexus as a new premium advertiser on their redesigned website. The “Engineering Amazing”‘ campaign utilizes a large banner with video and an integrated skin; it will appeal to the 25-54 age group.
Microsoft (NASDAQ:MSFT) posted in-line FQ1 earnings and below-consensus Windows and server sales. Analysts offset this by above-consensus Office and Xbox sales. A Sanford Bernstein analyst believes that the PC industry’s diving netbook is a good thing for Microsoft since they create less Windows license fees.
The Steve Jobs (NASDAQ:AAPL) biography will hit bookstores on Monday. The authorized biography has an outspoken Jobs saying he was going to destroy Android, “because it’s a stolen product.” Jobs criticized other Google products and expressed a disinterest in agreeing to a licensing payoff.
Strategy Analytics reported 16.7 million global tablet shipments in the third quarter, representing an astounding 280 percent rise from the previous year’s 4.4 million. Google’s (NASDAQ:GOOG) Android market share for the quarter was 27 percent, a four percent decline from the previous quarter but a 12-fold rise from its 2 percent market share in the previous year. Apple’s (NASDAQ:AAPL) iPad market share rose 6 points on a quarter over quarter basis to 67 percent.
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