Tech Cheat Sheet: Netflix Shocks, Apple TV Report, Texas Instruments Disappoints

ARM Holdings PLC (NASDAQ:ARMH) reported its third quarter net profit more than doubled to £$31.5 million ($50.4 million) vs. £14.8 million from the previous year. These numbers came from strong smartphone and tablet demands. Revenue increased 22 percent to $192.3 million vs. analysts’ $188.1 million expectation.

Netflix Inc (NASDAQ:NFLX) stock tanked 36.6 percent premarket from the impact of a weak third quarter earnings report. In the company’s conference call, CEO Reed Hastings talked about the failed Qwikster attempt but remained unapologetic about the company’s poorly received price hike. Adding to investors’ ire is the company’s $3.5 billion streaming commitments–a $1.2 billion increase.

Don’t Miss: Netflix Expects Losses to Continue in 2012.

Unidentified sources have said Apple (NASDAQ:AAPL) may make one of Steve Jobs’ dreams come true: the development of an Apple TV set. The software engineer who helped create the iPod and iTunes is working on the alleged project. Jobs had expressed a desire for “simplest user interface ” for the TV however, details have not been disclosed whether this will be included.

Visa (NYSE:V) and MasterCard (NYSE:MA) are looking at a new revenue stream through technologies and strategies that enables them to sell targeted Internet ads from insights gleaned from consumers’ credit-card purchases. Privacy is an issue but the information sold by the companies would be based on anonymous data from Visa and MasterCard.

Sprint’s (NYSE:S) began an antitrust lawsuit against AT&T (NYSE:T) over its proposed $39 billion T-Mobile USA (DTEGY.PK) acquisition. On Monday, the presiding U.S. District Judge Ellen Huvelle expressed skepticism on whether Sprint had a legal basis to block the deal considering the Justice Department has already expressed concern with its own lawsuit. Huvelle said to a Sprint attorney, “You don’t stand in the shoes of the consumer or the Department of Justice,” and added that antitrust laws protect competition, not competitors.

IBM (NYSE:IBM) declared a $0.75 quarterly dividend, payable Dec. 10, 2011  and added $7 billion to its share repurchase program. This addition gives the company’s program $12.2 billion. IBM also requested an additional buyback authorization at the April 2012 board meeting.

Government requests for Google (NASDAQ:GOOG) user data has risen 29 percent over the last six months, according to information on the company’s blog. Google is happy to help Big Brother, complying with 93 percent of U.S. agencies criminal investigation requests.

Texas Instruments (NYSE:TXN) is weathering the storm after a large guidance cut for next quarter’s earnings per share.  Investors appear to agree with the warning that additional analog chipmakers are part of a “cyclical bottoming process.”  Texas Instruments’ analog peers, are slightly up: Linear Technology Corporation (NASDAQ:LLTC), Analog Devices, Inc. (NYSE:ADI), and Maxim Integrated Products, Inc. (NASDAQ:MXIM).

First Solar (NASDAQ:FSLR)’s stock got slammed after the company announced CEO Rob Gillette is stepping down. The company quickly named Chairman and founder Michael Ahearn as interim CEO.

Details of Nokia’s (NYSE:NOK) two new Microsoft Windows Phone (NASDAQ:MSFT) leaked out today, one day before their public introduction. The Lumia 800 and the Lumia 710 will be available in “select European markets” in November and in 2012 for the U.S.

Check Out: This Telecom Giant Paid Nothing for 10 Million iPhone Users.

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