Sb, I haven't been following the case enough to make a comment.
Btw
Have you ever heard of John Paul Getty, and do you know who is the only competitor Getty Images (gty) really has?
They are also based in Seattle, and Bill Gates owns the privately company.
>>SEATTLE — Getty Images, a distributor of stock photographs, said first-quarter sales exceeded expectations as customer demand improved. The news pushed its shares up 11.7 percent in after-hours trading.
Sales in the period ended Sunday were about $113.5 million based on preliminary data, said Kira Bacon, vice president of investor relations. Getty had expected sales to be $103 million to $106 million, she said. The company anticipates second-quarter sales of $115 million to $119 million.
Getty, which provides still and moving pictures to advertising agencies, publishers and graphic designers, expects to earn 4 cents to 5 cents a share in the first quarter, compared with its previous forecast of a 5-cent loss. Analysts polled by Thomson Financial/First Call had expected Getty to lose 3 cents a share.
Getty stock closed at $28.40 yesterday, down 63 cents, before the sales news was released. In after-hours trading, the stock climbed $3.32 to $31.72.<<
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