Infosys Shares Down 13% On Weak Forecast
Infosys (INFY) is tumbling this morning after the company’s earnings forecast came in well below consensus. Shares of the IT outsourcer are down 13%, or $9.57, to $63.44 this morning. The company expects first-quarter EPS of 62 cents to 63 cents versus Wall Street’s existing consensus of 69 cents. For fiscal 2012, Infosys guided to...
Infosys Shares Down 13% On Weak Forecast
Infosys (INFY) is tumbling this morning after the company’s earnings forecast came in well below consensus. Shares of the IT outsourcer are down 13%, or $9.57, to $63.44 this morning. The company expects first-quarter EPS of 62 cents to 63 cents versus Wall Street’s existing consensus of 69 cents. For fiscal 2012, Infosys guided to...
Infosys Shares Down 13% On Weak Forecast
Infosys (INFY) is tumbling this morning after the company’s earnings forecast came in well below consensus. Shares of the IT outsourcer are down 13%, or $9.57, to $63.44 this morning. The company expects first-quarter EPS of 62 cents to 63 cents versus Wall Street’s existing consensus of 69 cents. For fiscal 2012, Infosys guided to...
RIMM CEO Stands Up For The Playbook
Shares of Research in Motion (RIMM) took a hit yesterday, following negative reviews of the company’s new Playbook tablet. Reviewers were critical of the Playbook’s lack of native support for e-mail, calendars and address books. Naturally, the company’s co-chief Executive Officer Jim Balsillie disagrees. In an interview with Bloomberg News, Balsillie defended RIMM’s approach, which...
RIMM CEO Stands Up For The Playbook
Shares of Research in Motion (RIMM) took a hit yesterday, following negative reviews of the company’s new Playbook tablet. Reviewers were critical of the Playbook’s lack of native support for e-mail, calendars and address books. Naturally, the company’s co-chief Executive Officer Jim Balsillie disagrees. In an interview with Bloomberg News, Balsillie defended RIMM’s approach, which...
RIMM CEO Stands Up For The Playbook
Shares of Research in Motion (RIMM) took a hit yesterday, following negative reviews of the company’s new Playbook tablet. Reviewers were critical of the Playbook’s lack of native support for e-mail, calendars and address books. Naturally, the company’s co-chief Executive Officer Jim Balsillie disagrees. In an interview with Bloomberg News, Balsillie defended RIMM’s approach, which...
INTC, AMD: Earnings On Tap For Next Week
PC shipments are sure to be a focus of next week’s earnings reports from Intel (INTC) and AMD (AMD). The chip giants report after the market close on Tuesday and Thursday, respectively. PC shipments, according to Gartner and IDC estimates, were down between 10% to 13% from an already weak fourth quarter, versus a normal...
HP: Details on Hurd’s Severance Package
In an SEC filing this afternoon, Hewlett-Packard (HPQ) has disclosed details of just-resigned CEO Mark Hurd’s severance package. Here are highlights:
The company will pay Hurd $12.2 million within 30 days.
HP will also reimburse Hurd for medica...
Hurd On The Street: Live Notes From HP’s Conference Call
As the company holds its conference call with analysts, HP shares are now down 8.8% in after hours trading to $42.24.
Details from the call below:
Hewlett-Packard (HPQ) held a call this afternoon with CFO and interim CEO Cathie Lesjak, board member a...
More On HP: Hurd’s Response; Company Preannounces 3Q, Raises FY10 Outlook
In Hewlett-Packard’s (HPQ) press release this afternoon Mark Hurd says:
“As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of trust, respect and integrity that I have...
HP’s CEO Mark Hurd Resigns
Hewlett-Packard (HPQ) announced this afternoon that CEO Mark Hurd has resigned effective immediately.
In a press release the company says: “Hurd’s decision was made following an investigation by outside legal counsel and the General Counsel...
Nanometrics Soars On Q2 Results
Shares of Nanometrics (NANO) are up 25% Friday after the company blew past analyst estimates for the second quarter.
The maker of equipment used in semiconductor manufacturing machinery reported Q2 EPS of 51 cents last night, compared with Wall Street&...
