Tuesday, April 26, 2011

AMAZON(AMZN) Q1 earnings fall sharply

at 7:57 PM

Amazon.com Inc.(AMZN)  reported a sharp drop(-33%) in Q1 earnings, as the growing expenses offsetting a strong gain in sales. The No.1 online retailer spent aggressively to build more distribution centers and expand its technology infrastructure.

Amazon said first-quarter sales jumped 38% to$9.86 billion, but Q1 earning of $201 million($0.44 EPS), compared with the earnings of $299 million($0.66 EPS) in the same period last year, dropped 33%. The online mega store also predicted operating income in Q2  would decline, the shares fell 2.2% in after-hours trading , but later recovered, trading flat at last check.

Chief Financial Officer Tom Szkutak hinted they may have more investments to make as the retailer could build more fulfilment centers to keep pace with its growth. Amazon added 13 fulfillment centers in 2010. Although the expansion strategy has lasted longer than expected, analysts say the investment will likely pay off.

The company said it expects Q2 revenue in a range between $8.85 billion to $9.65 billion, compared with the $8.75 billion expected by analysts.
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Monday, April 25, 2011

IGN : Nintendo new game console - Project Cafe

at 8:48 PM

Nintendo Japan confirmed it will launch a new game console(codenamed “Project Café) in early of 2012. A playable model and more specifications will be announced at the E3 Expo, which will be held June 7-9, in Los Angeles. However, Wii 2 is NOT the name to this new console.

According to IGN’s sources, Nintendo’s next console could retail from anywhere from $350 to $400 based on manufacturing costs and will ship from Taiwanese manufacturer, Foxconn.  This console believes will be more powerful than the Xbox 360 and PS 3, and compatible with the current Wii Software.
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Thursday, April 21, 2011

at 7:56 PM

The Nissan Leaf won the 2011 World Car of the Year at the The New York International auto show. The electric car beat out the other two finalists for the World Car title:  the Audi A8 and BMW 5-
series. The Leaf was the first electric car to win the award.
According to an unnamed World Car juror, this 5-seater hatchback is the world’s first purpose build and mass-produced car. It generates 108hp, 8 hour battery charge using 220–240v power supply, and produce zero tailpipe emissions. Nissan claims it has a range of over 100 miles on a full charge. It feels just like a normal car, only quieter.
This award is now in it’s 7th year, previously mainly compact car crowned.
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Tuesday, April 19, 2011

Earnings Boost for INTC(Intel Corporation)

at 8:20 PM


Intel Corp. (NASDAQ: INTC), the world largest computer chip maker, has reported a $12.8 revenue, 25% increase from $10.3 billion a year ago and higher than the $11.6 billion that analysts predicted. Intel’s net income rose 29% to $3.16billion($0.59 EPS). A year ago Intel earned $2.44 billion($0.43 EPS).

The results are far better than the Wall Street’s expectations. With PC sales slowdown and the rise of Apple products, most of the analyst didn’t expect much from Intel.  But Intel has set new records for their revenue and profit, with it’s PC sales grew 17% over the last year.

CEO Paul Otellini, said that they had an all time record of growth by experiencing double digit annual growth in all of their major product segments.
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Tuesday, April 12, 2011

RIP Flip Video Camera : Cisco is killing off the Flip

at 8:58 PM

Just two years ago Cisco spend $590 million by buying Flip Camera maker- Pure Digital Technology. Now, it announced it will shut down Flip.
According to the release, the move will cut about 550 jobs, cost Cisco around $300 million on a pre-tax basis for the fiscal 3rd and 4th quarters, and of course, disappoint many of the current Flip users.
Last week in an internal memo that Cisco publicized, CEO John Chambers saying the company would be taking "bold steps" to reorganize business. Cisco had lost its focus by trying to attack too many businesses. To narrow its priorities and refocus on its home networking technology, Chambers is gutting its consumer division which includes the Flip.
The Flip camera was a pretty neat gadget for a year or two, but video cameras are just about a standard feature on smartphones, not standalone gadgets. In five years it's hard to see the Flip as a big business for Cisco.
 It is surprising that Cisco wasn’t trying to sell the business instead of just drop it completely. There must be some value in the brand.
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