Dallas, TX -- (ReleaseWire) -- 07/18/2008 -- Today’s TraderNotes include: Google Inc. (Nasdaq: GOOG), Microsoft Corp. (Nasdaq: MSFT), Yahoo! Inc. (Nasdaq: YHOO), IAC/InterActiveCorp (Nasdaq: IACI), Baidu.com Inc. (Nasdaq: BIDU) and Answers Corp. (Nasdaq: ANSW).
“Google Inc. (GOOG) shares fell 9% to $484.74 in Friday’s mid-morning trading. Google, a technology company, maintains index of Web sites and other online content for users, advertisers, Google network members and other content providers...
“Google recently reported net income for the period ended in June rose to $1.25 billion, or $3.92 a share, up from $925.1 million or $2.93 a share in the same last year. Net revenue rose to $3.9 billion, with earnings of $4.63 a share for the same period…”
“Microsoft Corp. (MSFT) shares slid 7% to $25.57 Friday just before noon. Microsoft provides software products for computing devices worldwide...
“Microsoft recently said the company's profit for the three months ended June 30 jumped 42% to $4.3 billion, or 46 cents per share, compared with that of the year-ago quarter with total earnings of $3 billion, hurt by more than $1 billion in charges related to defective Xbox game consoles…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Google Inc. (Nasdaq: GOOG). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.