Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (68703)	10/13/1999 5:47:00 PM
From: Ken98	Read Replies (2) \| Respond to of 86076

Only in this goofy market could a company's revenue drop 14% and, because it beat some bullsh*t reduced estimate, have its stock go up. "Strong" earnings? Looks like they sold some stock holdings to make up for the revenue shortfall. Speaking of Apple, have you seen the cover of the new Time with Saint Steve on the cover? <<NEW YORK, Oct 13 (Reuters) - Shares of Apple Computer Corp. (NasdaqNM:AAPL - news) jumped more than 4 points in after-hours trade following the computer maker announced strong fourth quarter earnings. The stock traded at 68-1/8 after closing at 64-1/32 on the Nasdaq during the regular session>> <<Including an after-tax gain from the sales of three million shares of ARM Holdings Plc and a net restructuring charge of $16 million for contract cancellation charges, the company reported a net profit of $111 million, or 63 cents a diluted share, versus $106 million, or 68 cents a share. Revenues in the quarter ended Sept. 25 fell to $1.34 billion, down 14 percent from the year-ago quarter. Gross margins rose to 28.7 percent from 26.8 percent in the year-ago quarter.>>