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Revenue

More Cash In More Places, AT&T Earnings Solid

April 22, 2009

AT&T reported solid earnings today, showing little to no signs of slowing from the rough economic state. Beating the Street estimates, the death star delivered first quarter net income of $3.1 billion, or 53 cents a share, on revenue of $30.6 billion. CEO Randall Stephenson said the company continues to play through a tough [...]

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Fox Interactive Loses $38M In Q2 Says NewsCorp

February 5, 2009

In a depressing earnings call today with the NewsCorp team, Rupert Murdoch outlined the $6.4 billion loss. Murdoch said “the downturn is more severe and likely longer lasting than previously thought.” and “We are implementing rigorous cost-cutting across all operations [...]

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How Amazon Will Fare Today…

January 29, 2009

Amazon.com is scheduled to release fourth-quarter 2008 earnings results today in a conference call at 5:00 PM ET. You can catch the live webcast here.
Amazon supposedly had the best holiday season ever, beating out many of the major retailers. They were selling 72.9 items per second during the holiday shopping season. Thomson Reuters expect Amazon [...]

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AOL CEO’s Letter To Staff Regarding Layoffs

January 28, 2009

AOL CEO Randy Falco’s letter to the staff about laying off 10 percent of its workforce (around 700 people). Falco blames the economy flattening advertising revenue. Looks like pouring money into Platform A, AOL’s advertising network which launched September 2007, wasn’t a good idea. Here is the letter:

Dear AOL colleagues,
I’m writing to tell you about [...]

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Bad Economy, No iPhone: No Worries For Verizon

January 27, 2009

Verizon posted Q4 revenue of $24.6 billion and profits of 61 cents a share, right in line with Wall St. predictions of $24.7 billion and 61 cents. Stock was down on the news as investors still bearish on the economy, increasing mobile competition for 2009, faulty RIM products and major infrastructure expenses about to be [...]

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