This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech Earnings Roundup: Who Wins, Loses

After drawing some observations and rules of thumb from the first batch of tech leaders to report earnings this month, what can we learn from those who have posted numbers since then?

Let's start with Verizon (VZ - Get Report), the second largest phone carrier in the U.S., which posted earnings in line with expectations this week and saw a 1.7% decline in wireline revenue, yet its stock rose 10% on Monday.

Why? Because Verizon is offsetting the loss of residential phone lines with new wireless accounts, just as it's balancing the loss of DSL accounts with super-fast fiber-optic lines.

Verizon is managing to switch horses in midstream. It's transitioning from older and soon to be outmoded businesses to ones with more potential in the midst of an increasingly tough economy.

Considering that it's also facing the potential loss of customers to AT&T (T - Get Report) because of the iPhone 3G, the company is proving it can navigate through tricky situations.

While no corner of the tech sector is likely to be spared from the effects of a recession, there are some pockets that may hold up relatively well because of areas where innovation and creativity are likely to draw what few dollars consumers and companies are willing to part with.

That's a big contrast to companies relying on advertising. ValueClick (VCLK) warned Wednesday that its fourth-quarter revenue will be $142.5 million and its net profit at 15 cents or 16 cents a share, vs. the estimate of $167.7 million and 19 cents a share, respectively.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
VCLK $0.00 0.00%
AAPL $118.03 -0.71%
AMZN $675.34 0.62%
GOOG $748.15 -0.02%
T $33.45 0.18%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs