Apple Shares Fall After Earnings Report

Posted by:
Date: Tuesday, October 11th, 2005, 23:41
Category: Announcement

SAN FRANCISCO (MarketWatch) – Apple Computer Inc. shares lost more than 10% of their value after the closing bell Tuesday after the company’s revenue failed to meet analyst expectations, while Advanced Micro Devices Inc. shares lost ground despite the company’s surging profits.
The Nasdaq-100 After Hours Indicator, which tracks the evening action of the technology-heavy index’s leading shares, was down 7.9 points to 1,531.40.
Shares of Apple Computer fell to $46.05 in late trading after reporting a fourth-quarter profit of $430 million, or 50 cents a share. Excluding a 12- cents-a-share tax benefit, the company earned 38 cents a share to beat estimates of analysts surveyed by Thomson First Call, who forecast a profit of 37 cents a share.
However, Apple’s revenue of $3.68 billion was shy of analysts’ $3.74 billion average estimate.
Shares of PortalPlayer, which supplies components for Apple’s market- leading iPod music players, shed 9% to $23.90 following Apple’s earnings results.

(more…)

Welcome to PowerPage 10.0

Posted by:
Date: Tuesday, October 11th, 2005, 23:42
Category: Announcement

Welcome to the new PowerPage layout. First, I need to make the obligatory disclaimers that nothing works. Seriously, just about everything is being worked on as we speak and features will magically begin to roll out in the coming days. I’m happy to be live with the new design (Thanks Jimi!) in time for the Apple announcements tomorrow morning and in advance of our 10th year anniversay in Decemeber. Ammad also deserves an extra thanks for pulling everything together at the last minute.
So sit back and enjoy the ride, I hope that we can enjoy it with you for another 10 years to come.
-Jason

(more…)