Netflix, Inc. (NASDAQ:NFLX) has reported their second quarter earnings, which were pretty much in line with the expectations. They met the expected revenue and EPS for the quarter at $1.34 billion and $1.15 respectively. They reported 50 million subscribers (domestic + international), which was higher than the forecasts. Anthony Diclemente, Senior Analyst at Nomura Securities, talked on CNBC about Netflix’s performance, method to value their stock and their stand on Comcast Corporation (NASDAQ:CMCSA) and Time Warner Inc (NYSE:TWX) cable merger. Diclemente thinks that Netflix, Inc. (NASDAQ:NFLX)’s business model is similar to Amazon.com, Inc. (NASDAQ:AMSN) with a matured domestic presence with higher…
Author: Varsha Khatri
JPMorgan Chase & Co (NYSE:JPM)’s CEO, Jamie Dimon, is one of the longest serving Wall-Street CEOs. Earlier this month he disclosed that he is diagnosed with throat cancer. He also said that his situation is treatable and he will continue to contribute in his role in the company. American International Group Inc. (NYSE:AIG)’s Chairman, Steve Miller, talked to Bloomberg’s Scarlet Fu, Adam Johnson and Tom Keene on how JPMorgan can cope up with this situation, impact in insurance world due to Ukraine situation and Settlement between AIG and Bank of America Corp (NYSE:BAC). American International Group Inc. (NYSE:AIG) CEO, Robert Benmosche,…
Koninklijke Philips NV (NYSE:PHG) second quarter earnings showed a significant 23% drop in net profit. Their sales also went down by 6% when compared to second quarter of 2013. Most of the sales drop was attributed to currency effects. Frans Von Houten, CEO of Koninklijke Philips NV (NYSE:PHG), talked to Bloomberg TV from Amsterdam on their second quarter earning and his plans to turn the current situation around. Houten thinks that there are two major factors hampering the company’s growth. The currency exchange rate is the first major factor which impacts the sales directly. He points to the slow growth…
Halliburton Company (NYSE:HAL) has just reported their second quarter earnings which increased by 20%. Share buyback authorization was also raised to $6 billion. They have also earned 91 cents per share at the end of second quarter which is much more than 69 cents per year at the end of second quarter in 2013. CNBC’s Jim Cramer talked about Halliburton Company’s good second quarter earnings and geopolitical concerns in Squawk on the Street. Cramer said that Halliburton Company (NYSE:HAL) is one of the North American (Houston based) fracking company. He also said that he likes the company’s intent to hire…
Time Warner Inc. (NYSE:TWX) has attracted many media giants over the past decade. The main attraction that company posses is the original premium content that it possess under HBO. The worth of this company keeps soaring up day by day. Earlier this month, Twenty–First Century Fox Inc (NASDAQ:FOXA) had submitted their bid to takeover Time Warner. The bid submitted at that time was $80 billion. However, it was rejected by Time Warner’s board. In spite of their first bid being rejected, Twenty –First Century Fox Inc (NASDAQ:FOXA) still shows their intent to take over Time Warner Inc. (NYSE:TWX). Bloomberg’s Rosalind…
Amazon.com, Inc. (NASDAQ:AMZN) has launched a series of Kindle store devices starting from 2007 onwards. These devices were a big hit among book readers. This had actually transitioned people from books to the tablets. The company offered over one million books at various price ranges through Kindle Stores. Amazon had launched their new all-you-can-read Kindle Unlimited e-book subscription service. Pete Pachal, Tech Editor at Mashable, talked on Fox Business about this new Amazon product. Amazon.com, Inc. (NASDAQ:AMZN) said in its launch that subscribers can access (either read or listen) all the books at $9.99 per month. They have included around…
Fox Business’ Charles Payne; retail analyst Hitha Prapbakar; Founder of Penn Financial Group, Matt MacCall; Fox Business’ Tracy Byrnes and Fox Business Reporter Kate Rogers indulged in a debate on Fox Business on how Stratasys, Ltd. (NASDAQ:SSYS) is progressing and heights that they could reach. Payne said that he had actually suggested the Stratasys, Ltd. (NASDAQ:SSYS) stock to his subscribers back in 2003 when it was trading at $41. Currently, it is trading at around $104. After a lot of ups and downs and short attacks, Payne thinks that this stock is ready to go up and suggested that people should…
Technology based companies like Microsoft Corporation (NASDAQ:MSFT) always remain a good bet on the Street and many analysts and pundits would agree with this. But not all tech companies stay on top of their game all the time: only very few do. At any point in time, depending on the market scenario at that time, some tech companies would do beyond everyone’s expectations and guessing that right is a completely unimaginable talent that only few possess. Mark Yusko, CEO of Morgan Creek Capital Management, is one such talented person. He talked on Fox Business regarding the tech companies that people…
Time Warner Inc. (NYSE:TWX) is one of the biggest media and entertainment company. Many other media and entertainment giants pursued the option of acquiring and merging with Time Warner but none of them went through successfully. Twenty–First Century Fox Inc (NASDAQ:FOXA) had submitted their bid of $80 billion, $85 per share, to the Board of Directors of Time Warner Inc. (NYSE:TWX) which then rejected the bid. The Board stated that the price quoted was too low. With all these bids and rejections in the air, Moguldom Media Group Chief Creative Officer, Marve Frazier talked on Fox Business about the possibility…
Bloomberg’s Cory Johnson reported three-legged news on the latest happenings in the Tech industry. He talked about Hewlett-Packard Company (NYSE:HPQ) appointing a new Chairman of the Board, International Business Machines Corp’s (NYSE:IBM) deal with Apple Inc (NASDAQ:AAPL) to produce business software and Google Inc (NASDAQ:GOOGL) losing its Chief Business Officer to Softbank Corp. Meg Whitman, current President and CEO of Hewlett-Packard Company (NYSE:HPQ), was also named as the Chairman of the Board of Directors of the company. She replaces Interim Chairman of the Board Ralph Whitworth. She is taking a dual role now in HP. Johnson feels that the…
Hewlett-Packard Company (NYSE:HPQ) has announced a major a major leadership team revamp as Meg Whitman has assumed the the role of Chairwoman of the Board of Directors. Additionally, a new Independent Director as well as a new member of the company’s Board of Directors have been named. Meg Whitman, current President and CEO of Hewlett-Packard Company (NYSE:HPQ), replaced Leo Apotheker as CEO of the company in 2011. Since her appointment as CEO, the company’s stock price increased by more than 50%. Hewlett-Packard had to name the successor of Ralph Whitworth, interim Board of Directors chairman, as he is departing from the…
Google Inc (NASDAQ:GOOGL) is one of the top global technology company and currently considered by many as the best run company in the world. They focus primarily on search engines, online advertising, Operating Systems and hardware products. Google has a global reach and sells its products and services to almost every corner of the world. It has recently announced its second quarter earnings, a key highlight of which was a revenue growth of 22% on the year to $16.0 billion. Anthony Diclemente of Nomura talked on CNBC about the Google’s second quarter earnings. Diclemente thinks the main concern for Google Inc (NASDAQ:GOOGL) is…