Zynga First Quarter Reports an 85 Million Dollar Loss

This just in Reuters who are reporting that Zynga, the makers of hugely popular smartphone games as well as Facebook games is reporting a 1st Quarter Loss of 85 Million Dollars or 12 cents a share. When adjusted, excluding some charges like stock based compensation, they  reported a profit of 47 million.  Revenue increased 32% … Read more

RIM posts lower than expected profits, we wait for a firesale…

Yesterday, after the markets closed, RIM announced its earnings for the Quarter and they were a lot worse than analysts had predicted. This prompted after hours trading drops of more than 20% for RIM stocks. As Doug Simmons has been saying for a long time now: Short RIMM. Part of the quarterly earnings statement included … Read more

The 800lb Gorilla Answers Back With A 16.04 Billion Q4

Say what you want about Microsoft, but one thing remains, they are still the 800lb Gorilla. Even though Apple laid down an impressive 15.7 Billion last quarter, it still came up short against Microsoft’s 16.04 Billion Dollar 4th Quarter. While Microsoft energizes their employees to be developers, Developers, DEVELOPERS! for the recently previewed Windows Phone 7 devices due out later this year, he will rest easy tonight knowing he is still wearing the Heavyweight Belt.

“Microsoft Corp. today announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.93 billion, $4.52 billion and $0.51 per share, which represented increases of 49%, 48% and 50%, respectively, when compared with the prior year period.”

Microsoft’s press release is after the break for reading enjoyment.

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