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.
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.
An anonymous PowerPage reader writes “I have a friend in the UK who is trying to buy a PowerBook 15-inch. The Apple people are telling him they can’t get any because new models are arriving for some UK Apple show later this month.”
I found this in the NYCHEADS mailing list
Seems the company has decided to display its vim and vigor by staging an interesting event at the Oct 14 opening of NYCs Digital Life technology and entertainment show. Sort of featuring a mock funeral, TiVo is encouraging anyone who still may have an old VCR tape laying around to come on in and trade it in for a free TiVo box. Just toss that old episode of Quantum Leap in the VHS casket (which will include an old VCR with blinking 12:00) and you can walk away with a brand new DVR. And to make it even weirder, there will be a eulogy and speakers, sharing their personal memories of the VCR. Fascinating, no? Now remember folks, thats as supplies last, so get over there and start tossing your tapes! Starts at noon on Friday Oct. 14 at the Crystal Lobby of the Jacob Javits Center.
What was intended to be a short aside about Mac OS X’s strengths turned into an entire series on Windows NT/2000/xp flaws! Here is the first of five examples of core Windows architectural problems that relate to process management, applications and security. Click through for the link…
It might seem early to be talking about new features for Mac OS X 10.5 Leopard, considering that we just got Tiger, but now’s the perfect time to look at ideas Apple could consider in the next major release. Roughly Drafted’s The Apple Wishlist: Mac OS X 10.5 Leopard, Part 2 looks at process control and notification services. Click through for the link…
Gadgets are getting so small, that a case is a hindrance. I love my iPod shuffle. I would never get a case for it. It has a nice durable finish, it seems bullet proof and a case would just hinder its function. I like the idea of a skin. I use one on my Razr and my G3 iPod. If I had a nano, I would just skin it.
Click the title to read more.
I have started a new Apple-related Blog with my friends over at ZDNet called The Apple Core. In addition to writing and editing the PowerPage, be sure to check out my ZDNet blog too. I’ll be posting excerpts from my ZD blog in the pages.
We’re still in the throes of our move to a new server and blogging back end but it should all be over soon. Sorry for the inconvenience.