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Salesforce
Meets EPS Views, But Outlook
Disappoints
Salesforce.com met
second-quarter earnings estimates Wednesday as
sales edged out views, but shares plunged after
the company's full-year guidance fell short of
analysts' forecasts. For the quarter that ended
July 31, the software-as-a-service provider
earned 8 cents a share ex special items, a 167%
jump vs. the same quarter last year. Sales rose
49% to $263 million, slightly over the average
estimate of analysts polled by Thomson
Reuters.
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Ericsson,
STMicro form venture
The world's
biggest wireless equipment maker and chipmaker,
STMicroelectronics, will combine their wireless
chip and software businesses. Ericsson (ERIC)
will pay $700 mil cash to STMicro, and
contribute $1.1 bil to the venture. STMicro
(STM) will contribute $1.2 bil in assets. The
venture, built on ST-NXP wireless business, will
compete with rivals such as Qualcomm (QCOM) and
Texas Instruments. (TXN) Ericsson shares rose 1
cent. STMicro gained 2.5% to
12.20.
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Sector
Spotlight: Internet |
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Symbol |
|
Company |
Composite
Rating |
Acc/Dis Rating |
|
|
|
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WBSN |
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Websense Inc |
99 |
A+ |
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NTES |
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Netease.Com Inc Adr |
97 |
A- |
|
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PGI |
|
Premiere Global Services |
92 |
B+ |
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ARBA |
|
Ariba Inc |
91 |
B |
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AMZN |
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Amazon.Com Inc |
87 |
A+ |
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