Meg terrell is here with a special report. One of the widely held stocks in america hitting all time highs. Microsoft surging on a big earnings beat. Last time it was at these levels was december 30th of 1999. Guy adami was just 15 years old. What does it mean for the rest of big tech earnings . Dan nathan, what do you say . I think this is pretty microsoft specific. We got guidance from microsoft for q4. We know they had a solid q3. Microsofts cpcbusiness was down, the other stuff is making up for it. They have two hats, they have the cloud business, which is private and public, and thats growing. The aws piece, azure, excuse me, grew 140 . Thats what they want to see. We were all just talking about it. You own the stock, this is one of the reasons you think its going to be a 100 billion market. These guys are well positioned behind amazon. Its hard to argue with the growth youre getting out of azure and office 365. These guys can now say weve transitioned the company from the dwindl
A Top Hedge Fund manager says theres a clear consensus that we are in a tech bubble. In his letter to clients, David Einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional valuation. He writes certain cool kid companies and analysts are pretending that compensation paid in equity isnt an expense because it is noncash. At ts profit dropped slightly in the first quarter. Revenue was up 4 thanks to a growing wireless business. The company added 625,000 monthly subscribers, up from 296,000 from a year ago. At ts next program which allows customers to make Monthly Payments on phones rather than signing contracts allows the company to pay less in subsidies. Amazon is apparently taking a sales hit in states that collect online sales tax. Researchers at ohio state say households have cut their amazon spending by about 10 in states where online sales taxes are collected. Amazon sales of items over 300 have fallen by 24 in those states. Now,
In a tech bubble. David einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional about uh and traditional valuation. Ime was are pretending intention paid in equity is an expense because it is noncash. At ts profit dropped slightly in the fourth quarter. Undermpany added six 25,000 monthly subscribers, up from 296,000 from a year ago. The next program which allows customers to pay on phones rather than having a contract. Amazon is apparently taking a sales hit. Saysrchers at ohio state household of cut their amazon spending by it by about 10 . Amazon sales of items over 300 have fallen by 24 . U. S. Supreme court will be hearing the argument today what could be when the most Important Media cases ever. American broadcast companies against aereo. Ereo uses tiny antennas to broadcast signals to subscribers without paying for it. Network say this is Copyright Infringement since they are receiving no fees. Aereo claims they are not subjec
Headlines. Nokia Handset Division will be renamed microsoft mobile once the sale closes friday according. O a leaked memo obtained the memo states the existing agreements with partners will remain in place. Agreed to lease an entire building under construction in San Francisco neighborhood. The 26 Story Building is scheduled to be finished in 2017 according to people with knowledge of the deal who say linkedin is expanding to attract talent for those that want to live in the city. This after salesforce signed a major agreement in the same neighborhood. Haschinese smartphone maker changed his International Domain name. It means rice. The reason is they have big expansion plans and says the new domain name is for International Audience and points out it is an acronym for mobile internet. Now to the lead u. S. Supreme court. They will hear the arguments and what could be one of the most Important Media cases ever. American Broadcasting Companies versus vaereo. Use antennas to broadcast to