Thursday, July 17, 2008

Google, Microsoft miss - IBM hits (big) - Hello?

.... follow-up to our previous piece ...

Google, Microsoft, and IBM all reported earnings after the closing bell on Wall Street earlier this evening.

Google (Nasdaq: GOOG) and Microsoft (Nasdaq: MSFT) both failed to meet 'analysts expectations', and  both stocks were down significantly in after hours trading.  As of 7:58 PM EST Google was down 7.6 per cent at 492.75.  Microsoft also was taking a hit in the after hours, down 6.1 per cent (at 8 PM ET) at 25.87.

IBM (NYSE: IBM) reported a 22 per cent increase in profit over the same time period last year, surprising  the street (in a big way).  IBM shares closed essentially flat on the day in after hours trading at 126.12 (as of 7:30 PM ET).

Update 10:30 ET:  Don't look to me to prognosticate??! :) ... but you can find a LOT of opinions in tonight's TechMeMe 10 PM edition here ... enjoy :)