Originally Standard Industrial Archives
STILL FLÜCHTIGE Microsoft preannounced $ 2.6 billion net loss, above all, its cables and telecommunications investments. But Wall Street reacted to the message that revenue Redmond would be higher than expected. The Dow and the Nasdaq sent all three of profits Thursday.
Blue Chips BLUE GE quarterly profit reported record $ 3.9 billion, against $ 3.38 billion a year ago. But revenue fell 3 percent, its first decline since 1987. Other major companies have cut bad: Corning, the No. 1 fiber-optics maker, said 1000 would be jobs, close three plants and take a $ 5.1 billion. Compaq and Motorola also cut its revenue forecast and plan more workers redundant.
ANTI-TRUST EXIT New Mexico was the legal agreement of the opposition proceedings against Microsoft, negotiating a solution to dictate that any solution in this case, they are in the state, the software giant is also to pay its legal costs. Microsoft is already at its practice.
AD bust No. 1-a small portal Yahoo pro forma earnings of $ 8.7 million, with the exception of investment and redundancy costs for the losses. Quarterly 33 per cent of revenues were $ 182.2 million from $ 273 million in the same period last year. Yahoo analysts have said ad fall of DoubleClick, saw revenue dip to $ 101.9 million from $ 128 million during the last quarter of the year. The net loss increased by $ 9.5 million $ 3.8 million.
DO TELL Merrill Lynch was the first major Wall Street company to ban research analysts for the purchase of shares in the company they cover. The National Association of Securities Dealers also proposed a rule, disclosure of possible conflicts of interests in two reports published in the media.
WALKER WALKS the Securities and Exchange Commission’s implementation director, Richard Walker, left for the private sector, which is not another post is occupied. SEC A 10-year veteran, Walker put in place an application of the Internet and records 250 cases related to online fraud. President George W. Bush nominated Harvey Pitt vis-à-vis the Commission, as Chairman of last week to replace Arthur Levitt, left in February.
Vaya Con Dios a financial crisis in Argentina, felt across Latin America last week. Belt-Tightening up the Argentine government has not revealed who managed to restore confidence by the opposition and violent political infighting. Regional loans were affected, while the Brazilian currency crashed, trade at historical lows.
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