posted by Mr.404 filed under Business,
Technology
Tesla Motors, the electronic car company filed paperwork signaling intent to go public, selling stock in an initial public offering (IPO). While no date has been set, the SEC paperwork filed indicated an offering of $100 Million.
Tesla Motors is most famous for making the first high performance electronic sports car. These cars are currently priced around $100,000 and have become a favorite among the silicon valley elites. Years ago silicon tycoons started placing orders before the first cars ever rolled off the assembly lines.
According to filed documents, Tesla Motors recorded sales of some $93.4 million in the first three quarters of 2009. Decent sales for a new auto company but losses were $31.5 million on those sales. This was an improvement over the same period as the year before when they lost over $50 million.
The underwriters include huge investment banks like JP Morgan, Goldman Sachs, and Morgan Stanley. If this IPO takes place in 2010, expect it to be one of the more exciting IPOs as silicon valley enters the auto industry.
Official Website of Tesla Motors
posted by Mr.404 filed under Finance,
Software
Last year sales were down along with the economy, but computers sales and a new operating system by Microsoft have elevated profits in the 4th Qrt of 2009.
For its most recent quarter, Microsoft saw a 60% rise in earnings. Revenue grew 13% to $19 billion USD, lifting earnings to $6.7 billion. Analysts had expected $17.9 billion in revenue.
Microsoft beat the street estimate and reported strong earnings to match other companies such as Dell and Apple. With the launch of Windows 7, Microsoft is expected to continue to have strong sales, but the economy could have other plans. While the overall tech industry is looking better, a full recovery may not be in the cards for 2010.
posted by Mr.404 filed under Finance,
Technology
Apple’s chief executive Steve Jobs announced that the company’s annual revenues are now beyond $50 billion, but indicated that even more is in the pipeline to get excited about.
“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” Jobs said. “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”
Apple sold 3.36 million Macs, including more than 2.1 million notebooks. That represented 33% growth in Mac sales, compared to an industry-wide 17% growth in PCs reported by IDG. Desktop sales reached 70% growth year over year thanks to the popular new iMac models. Apple’s CFO Tim Cook detailed even greater growth rates in Mac sales internationally.
It also sold 21 million iPods and 8.74 million iPhones, a record number of new mobile devices for the company. Apple retained roughly 70% market share in the global MP3 market with iPods; growth in the iPod touch reached 55%, while iPhones amounted to a 100% increase in sales over the previous quarter, comparing very favorably to Canalys’ data showing industry smartphone growth at around 30%.
Apple currently has $40 Billion in cash and grew by $5 Billion from the last quarter alone. This cash is one big reason that Apple has a $180 Billion market value according to Steve Jobs. It also gives Apple more cash than Microsoft and makes Apple one of the richest companies in the world.
Apple has big plans to announce later this week, many expect the announcement to include the Apple tablet that has been rumored for many years.
The world’s largest chipmaker shot 
past the earning estimates from Wall Steet last week. The publicly-traded company reported a net income of $2.3 billion in the fourth quarter of 2009, up an amazing 875 percent from its $234 million earnings in the fourth quarter of 2008. This more than beat Wall Street expectations.
Since we are not stock brokers or investment bankers, we won’t go into details about the financial numbers, but we do want to point out a few key facts:
- Revenues in Q4 2009 rose to $10.6 billion, a climb of 28 percent from $8.3 billion last year.
- However, if you look at the big picture, Intel had a better 2008 than 2009. 2009 revenues were $35.1 billion, while 2008 revenues reached $37.6 billion. That’s a 7 percent difference
- Intel predicts revenues of approximately $9.7 billion in Q1 2010, above Wall Street estimates.
Intel’s Q4 report is one of the first to come out this year, but it won’t be the last. If Intel’s numbers are any indication though, we’re nearing the light at the end of the tunnel.
Tesla Motors, the electronic car company filed paperwork signaling intent to go public, selling stock in an initial public offering (IPO). While no date has been set, the SEC paperwork filed indicated an offering of $100 Million.
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