Daily Marauder

TECHNOLOGY by Marauder
October 23, 2009, 3:51 PM
Filed under: TECHNOLOGY | Tags: , , , , , , ,


Microsoft announced another down quarter this morning. Revenues in the September quarter were down 14 percent to $12.92 billion, and net profits declined even further to $3.57 billion, or $0.40 a share. The consensus estimate was $0.32, so Wall Street is happy and the shares are rallying (up 10 percent in early-morning trading). (Techcrunch10/23)


With expanded distribution options and a big jump in its subscriber count, Netflix reported a third-quarter profit of $30.1 million, a 48% increase over the year-earlier period. Netflix now has 11.1 million subscribers, the company said, and its streaming service now is available via TiVo DVRs, Xbox Live and Web-capable Blu-ray players. Bloomberg (10/22) , PaidContent.org(10/22)

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