Lots of tech news this week so let's get to it.
Hello, investor? It's me, tech earnings season
Ah, earnings season. Many techies reported this week but, with limited space, I want to focus on two bellwethers: Intel
Then, last night, Big Blue reported a 22% bottom-line gain and raised its full-year earnings outlook by $0.25 per share. Strength overseas, where IBM earns more than 50% of its revenue, added 7% of the firm's 13% top-line gain. Who says tech is dead?
Apple just killed AT&T
Much as I love owning an iPhone, the AT&T service in my basement office is just short of throw-this-piece-of-junk-out-the-window awful. I'm anxious to see how well Truphone -- and another Web-based app I've found -- frees me from the tyranny of zero bars. More on that next week.
More digital news you can use:
- Microsoft still can't let go. Last weekend, it unsuccessfully bid for Yahoo!'s search business. Get the details here.
(NYSE:STX), again, badly missed Wall Street's estimates and is beginning to look like one of the world's worst stocks.
- Tech insiders are buying in increasing numbers, including the management teams at Rule Breakers recommendations Sigma Designs
(NASDAQ:SIGM)and Bankrate (NASDAQ:RATE).
- And finally, I've a fond farewell for Hector Ruiz, who steps down this week as CEO of Advanced Micro Devices
(NYSE:AMD). By my observations, Ruiz has been a tough, honest competitor who scored a huge victory against Intel with Opteron but lost just as big on an ill-conceived deal for ATI. Still, I love the guy for making AMD relevant again. Thank you for your hard work, sir.
That's it for the week in tech. See you back here next Friday and, in the meantime, Fool on!
Apple is a Stock Advisor selection. Intel and Microsoft are Inside Value picks. Bankrate is a Rule Breakers recommendation, as is Sigma Designs, which was also singled out by our Hidden Gems Pay Dirt team. Try any of these stock-picking services risk-free for 30 days.
The Motley Fool's disclosure policy tangled with tech and won.