F5 Networks' Miss
came in just shy of Wall Street's
first-quarter revenue expectations
on Wednesday, and the miss
hammered the company's stock
Shares of F5 crept up 82 cents, or 0.75%, to close at $109.97 on Friday.
AMD Gets Fourth-Quarter Beat
, which is playing catch-up to semiconductor rival
, also beat consensus estimates in its
, released after market close on Thursday.
AMD's revenue, however, was flat compared with the same period last year. Shares of AMD closed up 48 cents, or 5.99%, at $7.54 on Friday.
HP's Boardroom Reshuffle
HP announced a sweeping boardroom reshuffle after market close on Thursday, signaling new CEO Leo Apotheker's desire to
shift the company's strategy
CEOs Meg Whitman and Patricia Russo are among five new members of the HP board, along with Shumeet Banerji, CEO of
Booz & Co.
, Gary Reiner, former CIO of
AXA Private Equity
CEO Dominique Senequier.
HP also announced that four incumbent directors are not standing for re-election at the company's annual meeting of stockholders.
Shares of HP ended the week up 45 cents, or 0.96%, at $47.23.
Facebook Now Worth $50 Billion
Away from the earnings calendar,
it has raised $1.5 billion
, valuing the social networking giant at $50 billion.
The investment was broken into two parts.
clients outside the U.S. participated in a $1 billion fund that was completed on Friday, and Goldman and Russian firm
Digital Sky Technologies
separately invested another $500 million in December.
Facebook said in a press release it has no plans to use the funds immediately, but that it will use them eventually for continued expansion.
Tech's Week Ahead
Tech's earnings season gathers pace next week with quarterly results from a slew of companies, including
(JNPR - Get Report)
and newly independent
Tech watchers will likely keep their eyes peeled Thursday for
(MSFT - Get Report)
, which posts its second-quarter results after market close.
--Written by James Rogers in New York.
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