After the market closed, Motorola announced that it was willing to break up the various units. The announcement sent the stock up more than 10 percent in afterhours. After more than a year of pressure from unhappy investors, Motorola said it is considering separating the handset unit from its other businesses in an […]
Google fourth quarter profit missed expectations putting a major dent in the search giant. The company earned $1.21 billion, or $3.79 per share, during the final three months of 2007. That’s up 17 percent from net income of $1.03 billion, or $3.29 per share, in the same period a year earlier.
The profits were still […]
EMC posted a 35% gain in fourth-quarter net income, driven by growth in all key segments of its data-storage business. The company also issued a rosy sales forecast for 2008. Despite the awesome results of EMC, the stock fell sharply in the premarket due to its subsidiary interest in VMware which fell short of […]
Countrywide came out with a loss in the fourth quarter due to rising loss provisions and impairment charges. Countrywide lost $422 million, or 79 cents per share, during the fourth quarter, compared with earnings of $622 million, or $1.01 per share, during the same period the previous year. Analysts forecasted a loss of […]
After posting its first quarterly loss in 25 years, a $1.2 billion loss, in the third quarter ended Sept. 30, Countrywide declared it would post a profit for 2007’s final three months and through this year. The Street seems to have its doubts and worries about Bank of America pulling out of the deal […]
After the huge ups and downs in today’s market Cramer went on the record and told viewers that he believes the market has bottomed. He went on to say that in such an environment he expects there to be a huge sell off in the upcoming trading days…do you have cash ready on the […]
