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Microsoft Jumps Shark, Posts Earnings Early On Website: Another Glitch?

Tyler Durden's picture




 

From Microsoft (h/t Lizzie)

Redmond, Wash. – Jan. 27, 2011 – Microsoft
Corp. today announced record second-quarter revenue of $19.95 billion for the quarter
ended Dec. 31, 2010. Operating income, net income and diluted earnings per share
for the quarter were $8.17 billion, $6.63 billion and $0.77 per share, respectively.

 

Prior year results reflect the recognition of $1.71 billion of deferred revenue
relating to the Windows 7 Upgrade Option program and sales of Windows 7 before general
availability in October 2009. Second-quarter growth rates for revenue and earnings
per share were 5% and 4% respectively. Without the deferred recognition in the prior
year, second-quarter growth rates for revenue and earnings per share were 15% and
28%, respectively.

 

(In millions, except per share amounts) Three months ended December 31,  
2010 As Reported (GAAP) 2009 As Reported (GAAP) Deferred Revenue Recognition 2009 As Adjusted
(Non-GAAP)
Percentage
Change (GAAP)
Percentage
Change (Non-GAAP)
Revenue $19,953 $19,022 $1,711 $17,311 5% 15%
Operating income $8,165 $8,513 $1,711 $6,802 -4% 20%
Diluted Earnings Per Share $ 0.77 $ 0.74 $0.14 $ 0.60 4% 28%


“We are enthusiastic about the
consumer response to our holiday lineup of products, including the
launch of Kinect. The 8 million units of Kinect sensors sold in just 60
days far exceeded our expectations,” said Peter Klein, chief financial
officer at Microsoft. “The pace of business spending, combined with
strong consumer demand, led to another quarter of
operating margin expansion and solid earnings per share
growth.”
Among the factors driving Microsoft’s record
revenues and earnings per share was the 55% growth in revenue for the
Entertainment & Devices Division, as the success of the Kinect
sensor boosted sales of Xbox 360 consoles, Xbox Live subscriptions and
Xbox games.
Microsoft Business Division revenue grew 24%
year-over-year. Office 2010 is the fastest-selling consumer version of
Office in history, with license sales over 50% ahead of Office 2007 over
an equivalent period following launch.

“Business demand for our productivity and infrastructure
products and cloud solutions is strong. Office had a huge quarter,
exceeding everyone’s expectations, and our roadmap for cloud
productivity with Office 365 makes products like SharePoint, Exchange,
Lync and Dynamics CRM even more attractive to our customers,” said Kevin
Turner, chief operating officer at Microsoft. “Windows 7 continues to
be the fastest-growing operating system in history, and our recent
System on a Chip announcement demonstrates our
commitment that Windows will have the power and flexibility to run
everywhere and on every device.”
   Among the other product and business highlights Microsoft reported in the quarter:

  • Microsoft announced it has now sold over 300 million Windows 7
    licenses, and Windows 7 is now running on over 20% of Internet-connected
    PCs.

  • Windows Phone 7 launched during the quarter in 30 countries and
    on 60
    operators and nine different devices. Microsoft announced
    developers are adding Windows Phone 7 applications to the marketplace at
    a rate
    of over 100 per day.

  • Bing completed the integration of Yahoo! search in the U.S. and Canada and continues to gain share.

  • Windows Azure developer momentum continued this quarter, with
    Pixar Animation Studios, ADP with NVoicePay and others demonstrating
    compelling uses of the platform.

  • Internet Explorer 9 is Microsoft’s fastest downloaded beta browser of all time with over 20 million downloads to date.

  • At International CES 2011 in early January, Microsoft announced that the next version of Windows will support
    System on a Chip architectures.

  • The company announced that during the quarter, it bought back $5 billion in stock and declared $1.3 billion in dividends.

Business Outlook

 

Microsoft reaffirms operating expense guidance of $26.9 billion to $27.3 billion for the full year ending June 30, 2011.

 

Webcast Details

 

Peter Klein, chief
financial officer, Frank Brod, chief accounting officer, and Bill
Koefoed, general manager of Investor Relations, will host a conference
call and webcast at 2:30 p.m. PST (5:30 p.m. EST) today to discuss
details of the company’s performance for the quarter and certain
forward-looking
information. The session may be accessed at
http://www.microsoft.com/investor
. The webcast will be available for replay through the close of business on Jan. 27, 2012.

 


Adjusted Financial Results and Non-GAAP Measures

 

In addition to financial
results reported in accordance with generally accepted accounting
principles (GAAP), we have provided certain non-GAAP financial
information to aid investors in better understanding the company’s
performance. For revenue, operating income and earnings per share growth
we excluded the impact of deferred revenue recognized in the prior year
fiscal quarter relating to the Windows 7 Upgrade Option program and
sales of Windows 7 before general availability in October 2009.
Presenting these measures without the impact of this item gives
additional insight into operational performance and helps clarify trends
affecting the company’s business. For comparability of reporting,
management considers this information in conjunction with GAAP amounts
in evaluating business performance. These non-GAAP financial measures
provided should not be considered as a substitute for, or superior to,
the measures of financial performance prepared in accordance with GAAP.

 


To aid comparability of prior
results, we have also recast certain prior period amounts within our
Form 10-Q that conforms to the way we internally managed and monitored
segment performance during the current fiscal year. In addition to the
reconciliation in this release, our supplementary earnings slide deck at

http://www.microsoft.com/investor
contains a reconciliation of adjusted financial results and a reconciliation between reported and recast segment results.

 


About Microsoft

 

Founded in 1975, Microsoft (Nasdaq “MSFT”)
is the worldwide leader in software, services and solutions that help people and
businesses realize their full potential.

 

##########

 

Forward-Looking Statements

 

Statements in this release that are “forward-looking
statements” are based on current expectations and assumptions that are subject
to risks and uncertainties. Actual results could differ materially because of factors
such as:

 


  • execution and competitive risks in transitioning to cloud-based computing;

  • challenges to Microsoft’s business model;

  • intense competition in all of Microsoft’s markets;

  • Microsoft’s continued ability to protect its intellectual property rights;

  • claims that Microsoft has infringed the intellectual property rights of others;

  • the possibility of unauthorized disclosure of significant portions of Microsoft’s
    source code;

  • actual or perceived security vulnerabilities in Microsoft products that could reduce
    revenue or lead to liability;

  • improper disclosure of personal data could result in liability and harm to Microsoft’s
    reputation;

  • outages and disruptions of services provided to customers directly or through third
    parties if Microsoft fails to maintain an adequate operations infrastructure;

  • government litigation and regulation affecting how Microsoft designs and markets
    its products;

  • Microsoft’s ability to attract and retain talented employees;

  • delays in product development and related product release schedules;

  • significant business investments that may not gain customer acceptance and produce
    offsetting increases in revenue;

  • unfavorable changes in general economic conditions, disruption of our partner networks
    or sales channels, or the availability of credit that affect demand for Microsoft’s
    products and services or the value of our investment portfolio;

  • adverse results in legal disputes;

  • unanticipated tax liabilities;

  • quality or supply problems in Microsoft’s consumer hardware or other vertically
    integrated hardware and software products;

  • impairment of goodwill or amortizable intangible assets causing a charge to earnings;

  • exposure to increased economic and regulatory uncertainties from operating a global
    business;

  • geopolitical conditions, natural disaster, cyberattack or other catastrophic events
    disrupting Microsoft’s business; and

  • acquisitions and joint ventures that adversely affect the business.

  •  

    For further information regarding risks and uncertainties
    associated with Microsoft’s business, please refer to the “Management’s
    Discussion and Analysis of Financial Condition and Results of Operations”
    and “Risk Factors” sections of Microsoft’s SEC filings, including,
    but not limited to, its annual report on Form 10-K and quarterly reports on Form
    10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations
    department at (800) 285-7772 or at Microsoft’s Investor Relations website
    at http://www.microsoft.com/investor.

     

    All information in this release is as of Jan 27, 2011.
    The company undertakes no duty to update any forward-looking statement to conform
    the statement to actual results or changes in the company’s expectations.

     

    For more information, press only:
    Rapid Response Team, Waggener Edstrom Worldwide, (503) 443-7070,
    rrt@waggeneredstrom.com

     

    For more information, financial analysts and investors
    only:


    Bill Koefoed, general manager, Investor Relations, (425) 706-3703

     

    Note to editors: For more information, news and
    perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news/. Web
    links, telephone numbers and titles were correct at time of publication, but may
    since have changed. Shareholder and financial information, as well as today’s
    2:30 p.m. PST conference call with investors and analysts, is available at http://www.microsoft.com/investor/.

     

    MICROSOFT CORPORATION

     

    INCOME STATEMENTS

    (In millions, except per share amounts) (Unaudited)

     

    Three Months Ended
    December 31,
    Six Months Ended
    December 31,
    2010 2009 2010 2009
    Revenue $19,953 $19,022 $36,148 $31,942
    Operating expenses:
    Cost of revenue

    4,833 3,628 7,972 6,470
    Research and development

    2,185 2,079 4,381 4,144
    Sales and marketing

    3,825 3,619 6,631 6,409
    General and administrative

    945 1,183 1,883 1,924

    Total operating expenses

    11,788 10,509 20,867 18,947

    Operating income 8,165 8,513 15,281 12,995
    Other income 332 370 446 653

    Income before income taxes 8,497 8,883 15,727 13,648
    Provision for income taxes 1,863 2,221 3,683 3,412

    Net income $6,634 $6,662 $12,044 $10,236

    Earnings per share:
    Basic

    $0.78 $0.75 $1.41 $1.15
    Diluted

    $0.77 $0.74 $1.39 $1.14

    Weighted average shares outstanding:
    Basic

    8,497 8,856 8,555 8,885
    Diluted

    8,570 8,951 8,646 8,975

    Cash dividends declared per common share $0.16 $0.13 $0.32 $0.26

     

     

     

    MICROSOFT CORPORATION

     

    BALANCE SHEETS

    (In millions)

     

    December 31, June 30,
    2010
    (Unaudited)
    2010(1)
    Assets
    Current assets:
    Cash and cash equivalents

    $4,023 $5,505
    Short-term investments (including securities loaned of $982 and $62)

    37,229 31,283

    Total cash, cash equivalents, and short-term investments

    41,252 36,788
    Accounts receivable, net of allowance for doubtful accounts
    of $317 and $375
    12,874 13,014
    Inventories 861 740
    Deferred income taxes 2,548 2,184
    Other  2,149 2,950

    Total current assets

    59,684 55,676
    Property and equipment, net of accumulated depreciation
    of $9,279 and $8,629
    7,799 7,630
    Equity and other investments 10,022 7,754
    Goodwill 12,502 12,394
    Intangible assets, net 992 1,158
    Other long-term assets 1,307 1,501

    Total assets

    $92,306 $86,113

    Liabilities and stockholders' equity
    Current liabilities:
    Accounts payable

    $3,863 $4,025
    Short-term debt

    0 1,000
    Accrued compensation

    2,402 3,283
    Income taxes

    1,439 1,074
    Short-term unearned revenue

    12,063 13,652
    Securities lending payable

    1,355 182
    Other

    3,190 2,931

    Total current liabilities

    24,312 26,147
    Long-term debt 9,671 4,939
    Long-term unearned revenue 1,354 1,178
    Deferred income taxes 826 229
    Other long-term liabilities 7,662 7,445

    Total liabilities

    43,825 39,938
    Commitments and contingencies
    Stockholders' equity:
    Common stock and paid-in capital - shares authorized 24,000;   outstanding 8,403 and 8,668
    61,646 62,856
    Retained deficit, including accumulated other comprehensive   income of $1,697 and $1,055
    (13,165) (16,681)

    Total stockholders' equity

    48,481 46,175

    Total liabilities and stockholders' equity

    $92,306 $86,113

    (1) Derived from audited financial statements

     

     

     

    MICROSOFT CORPORATION

     

    CASH FLOWS STATEMENTS

    (In millions)  (Unaudited)

     

      Three Months Ended
    December 31,
    Six Months Ended
    December 31,
    2010 2009 2010 2009
    Operations

    Net income
    $6,634 $6,662 $12,044 $10,236

    Adjustments to reconcile net income to net   cash from operations:
    Depreciation, amortization, and other

    663 615 1,357 1,261
    Stock-based compensation expense

    553 485 1,081 928
    Net recognized gains on investments   and derivatives

    (226) (188) (255) (254)
    Excess tax benefits from stock-based   compensation

    (4) (15) (9) (24)
    Deferred income taxes

    (117) 550 (265) 504
    Deferral of unearned revenue

    6,834 6,926 12,715 13,605
    Recognition of unearned revenue

    (7,301) (9,126) (14,163) (15,363)
    Changes in operating assets and   liabilities:

    Accounts receivable

    (3,270) (2,789) 404 (41)
    Inventories

    380 558 (88) 139

    Other current assets

    (77) 686 131 451

    Other long-term assets

    118 16 180 (62)

    Accounts payable

    216 3 (184) (33)
    Other current liabilities

    (500) 282 (1,411) (921)

    Other long-term liabilities

    283 304 843 650

    Net cash from operations

    4,186 4,969 12,380 11,076

    Financing

    Short-term debt repayments, maturities of   90 days or less, net
    (1,000) (475) (186) (97)

    Proceeds from issuance of debt, maturities   longer than 90 days
    0 1,046 4,721 1,741

    Repayments of debt, maturities longer than   90 days
    0 (573) (814) (1,396)

    Common stock issued
    660 729 837 977

    Common stock repurchased
    (5,052) (3,867) (9,451) (5,407)

    Common stock cash dividends
    paid
    (1,363) (1,152) (2,481) (2,309)

    Excess tax benefits from stock-based   compensation
    4 15 9 24

    Other
    0 0 (25) 0

    Net cash used in financing

    (6,751) (4,277) (7,390) (6,467)

    Investing

    Additions to property and equipment
    (491) (376) (1,055) (811)

    Acquisition of companies, net of cash   acquired
    (69) (63) (69) (102)

    Purchases of investments
    (5,896) (4,287) (13,313) (14,777)

    Maturities of investments
    1,836 1,896 2,706 5,394

    Sales of investments
    2,603 3,361 4,030 7,778

    Securities lending payable
    447 (623) 1,174 1,227

    Net cash used in investing

    (1,570) (92) (6,527) (1,291)

    Effect of exchange rates on cash and cash   equivalents
    (3) (1) 55 28

    Net change in cash and cash equivalents
    (4,138) 599 (1,482) 3,346
    Cash and cash equivalents, beginning of   period
    8,161 8,823 5,505 6,076

    Cash and cash equivalents, end of period
    $4,023 $9,422 $4,023 $9,422

     

     

     

    MICROSOFT CORPORATION

     

    Segment Revenue and Operating Income (Loss)

    (In millions)
    (Unaudited)

     

    Three Months Ended
    December 31,
    Six Months Ended
    December 31,
    2010 2009 2010 2009
    Revenue
     
    Windows & Windows Live Division $5,054 $7,193 $9,839 $10,063
    Server and Tools 4,390 3,978 8,349 7,523
    Online Services Division 691 579 1,218 1,067
    Microsoft Business Division 6,032 4,864 11,157 9,360
    Entertainment and Devices Division 3,698 2,381 5,493 3,815
    Unallocated and other 88 27 92 114

    Consolidated $19,953 $19,022 $36,148 $31,942

    Operating Income (Loss)
     
    Windows & Windows Live Division $3,251 $5,417 $6,573 $6,894
    Server and Tools 1,776 1,464 3,415 2,709
    Online Services Division (543) (463) (1,103) (940)
    Microsoft Business Division 3,965 2,947 7,340 5,744
    Entertainment and Devices Division 679 365 1,067 640
    Corporate-level activity (963) (1,217) (2,011) (2,052)

    Consolidated $8,165 $8,513 $15,281 $12,995

     

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    Thu, 01/27/2011 - 16:43 | 910484 Michael
    Michael's picture

    Wall Street Silver Gold Theft and World Economic Collapse

    http://www.youtube.com/watch?v=WI8dfFN7H1w

    This is what the Complete and Total Economic Collapse of the United States and the World looks like on film.
    As seen in the movie Rollover 1981.
    The Federal Reserve and Alan Greenspan engineered the greatest financial catastrophe in history of the planet. The Federal Reserve must be audited and abolished! Audit the US gold in Fort Knox. Prosecute the Wall Street criminals. Reinstate Glass-Steagall. Enforcement of regulations is key.

    Thu, 01/27/2011 - 16:49 | 910517 Malcolm Tucker
    Malcolm Tucker's picture


    Egypt Boiling Over-Day 3 videos. It appears the government has lost control of the city of Suez which is the gateway to the Suez canal. I wonder if this will move commodity futures...

    http://fedupmontrealer.blogspot.com/2011/01/egypt-boiling-over-day-3.html

    Thu, 01/27/2011 - 16:54 | 910534 Yen Cross
    Yen Cross's picture

    AKA Scarface. A member of my all time favorites.

    Thu, 01/27/2011 - 17:00 | 910562 Michael
    Michael's picture

    Wall street shot their wad today only to remain virtually flat.

    Thu, 01/27/2011 - 17:08 | 910597 Michael
    Michael's picture

    I made this video with Windows Movie Maker. Go figure.

    Thu, 01/27/2011 - 19:51 | 911317 CowboyMonkey
    CowboyMonkey's picture

    Right on!

    Thu, 01/27/2011 - 16:46 | 910485 FunkyMonkeyBoy
    FunkyMonkeyBoy's picture

    They'll go to ANY lengths to keep this market up.

    The one in the same, US government/FED/Wall Street, is the most corrupt institution in history. The world will be brought down by the corrupt actions of a few.

    Thu, 01/27/2011 - 16:47 | 910505 Cleanclog
    Cleanclog's picture

    Exactly, gov't asked them to report early to make the markets look GREAT as Egypt goes down tomorrow (or goes up depending on your perspective)

    Thu, 01/27/2011 - 16:53 | 910530 Cleanclog
    Cleanclog's picture

    Uh-oh . . . is this failing to close above 12,000 and 1300?  Manipulation fail?  Could this spell the return of some willing to "lean against" the shill?

    Thu, 01/27/2011 - 16:57 | 910545 ghostfaceinvestah
    ghostfaceinvestah's picture

    picked the wrong company to leak earnings, next time maybe AMZN

    Thu, 01/27/2011 - 17:03 | 910570 Alcoholic Nativ...
    Alcoholic Native American's picture

    Kindle Rocks

    Thu, 01/27/2011 - 17:07 | 910592 Cleanclog
    Cleanclog's picture

    Uh Oh!!! Now Amazon disappoints on revenues.   A-ooo-ga!  Down periscope.

    Thu, 01/27/2011 - 17:10 | 910603 spongeBOB
    spongeBOB's picture

    Don't they usually have like 2% margins ?

    Thu, 01/27/2011 - 17:33 | 910752 SheepDog-One
    SheepDog-One's picture

    OMG soon as you said Amazon, there it goes TANKING.

    Thu, 01/27/2011 - 17:01 | 910564 whatsinaname
    whatsinaname's picture

    Nope, the crossover will happen on a Friday evening so the masses all go back home happy.

    Thu, 01/27/2011 - 16:44 | 910486 nope-1004
    nope-1004's picture

    MSFT must be set up for "automatic updates".

    LOL

    Thu, 01/27/2011 - 16:53 | 910533 weinerdog43
    weinerdog43's picture

    It's a feature, not a bug.

    Thu, 01/27/2011 - 16:59 | 910555 knukles
    knukles's picture

    Oh....
    I thought that it was the error line in the code where they phish and raid all of your sensitive files for your personal information and then re-post it on-line if you haven't purchased the opt-out package.

    Thu, 01/27/2011 - 17:32 | 910742 TruthInSunshine
    TruthInSunshine's picture

    +1

    If MSFT was smart, they would have bought all the memory companies up, as their software is such a  bloated pig memory hog cluster.

    Thu, 01/27/2011 - 16:45 | 910487 Alcoholic Nativ...
    Alcoholic Native American's picture

    FUCK MS

    They rape public school, government, and and libraries.

    Bill Gates is a Robber Barron Bitch.

    Thu, 01/27/2011 - 17:01 | 910563 PicassoInActions
    PicassoInActions's picture

    You must be Ijob fan.

    If it was not for msft you probably will be using commodore 64 to type your comments here

    Thu, 01/27/2011 - 17:05 | 910580 Alcoholic Nativ...
    Alcoholic Native American's picture

    BULLSHIT

    Thu, 01/27/2011 - 17:02 | 910488 whatz that smell
    whatz that smell's picture

    DOW 12,000, bitchez!....

    ....whoopsie! my bad.

    Thu, 01/27/2011 - 17:04 | 910575 Michael
    Michael's picture

    Maybe tomorrow.

    Thu, 01/27/2011 - 16:44 | 910489 ConfusedIdiot
    ConfusedIdiot's picture

    Gosh, I meant after 4 eastern time.Sorry!

     

    Thu, 01/27/2011 - 16:45 | 910493 flacon
    flacon's picture

    My other computer uses UBUNTU (Linux). It is my survival laptop that doesn't get MS viruses.

    http://www.ubuntu.com/

    Thu, 01/27/2011 - 18:14 | 910935 Brindle702
    Brindle702's picture

    Amen, brother!

    Thu, 01/27/2011 - 16:45 | 910494 random shots
    random shots's picture

    Got to have a reason to ramp the S&P 500 above 1300. Tyler, what happen to the weekly flows of equity mutual funds? Did not see it up yesterday. 

    Thu, 01/27/2011 - 16:45 | 910495 Ragnarok
    Ragnarok's picture

    Bang Da Hoe/Close!

    Thu, 01/27/2011 - 16:45 | 910498 Sudden Debt
    Sudden Debt's picture

    Is everybody Buying Ipads, Iphone, Desktops, Laptops and all the software to go arround so they can GOOGLE and trip on Facebook and Twitter ALL DAY LONG?i!

     

    WHERE THE FUCK DO ALL THOSE SALES NUMBERS KEEP COMMING FROM?

     

    Dell will have a blownout Q to I guess.

     

     

    Thu, 01/27/2011 - 16:47 | 910507 Ragnarok
    Ragnarok's picture

    A ZH poster around Christmas noted that he counted 7 apple products around the Tree. Don't forget about the accessories.

    Thu, 01/27/2011 - 16:59 | 910553 Sudden Debt
    Sudden Debt's picture

    Last week my boss wanted me to look into equipping our sales force with Ipads to replace their laptops. Which they use for SAP, CRM, BW... you know the basics which he thought would be so easely installed on a Ipad.

     

    First I laughed for 5 minutes and I didn't take him serious.

    Then he gave me the look "YOU ARE A EMPLOYEE, I AM THE BOSS" + the lazy eye.

    Now I officially am looking into it. I already did a test with 5 reps. to test that crap and well... surprise surprise, it's useless for that kind of work and forget about the tools.

    I told him we couldn't install any soft. on it => response:  Cancel their software. Let them do it all by web apps.

    I proposed the Dell Tablet that looks really classy and works just great and has a 4 inches bigger screen => to big for the nut.

    Now I'm looking into cloud applications to run on that crap (which is really to small to work with, let allone show a demo on) and well... if he wants it, it'll cost him about a million in software modifications without any advantages.

    Ever tried to run apps on the safari app on a Ipad?!

    IT HAS THE SPEED OF A XT86 FROM THE 80'S!!!!!!

     

    Thu, 01/27/2011 - 17:04 | 910574 Cognitive Dissonance
    Cognitive Dissonance's picture

    You lie.........you don't work. Everything else you said was the truth. :>)

    Thu, 01/27/2011 - 17:08 | 910595 Sudden Debt
    Sudden Debt's picture

    I'm in Marketing so I have about 6 hours of leisure time a day :)

    And as long as the paychecks keep comming in, I call it work :)

    Thu, 01/27/2011 - 17:16 | 910641 Cognitive Dissonance
    Cognitive Dissonance's picture

    Sounds perfectly reasonable to me.

    Thu, 01/27/2011 - 17:20 | 910668 cossack55
    cossack55's picture

    An old Soviet favorite:

    We pretend to work and they pretend to pay us.

    Thu, 01/27/2011 - 17:30 | 910740 Circlehook
    Circlehook's picture

    If you were only paid in silver, you would have it made!

    Thu, 01/27/2011 - 17:31 | 910743 iDealMeat
    iDealMeat's picture

     

    no..  you lie...  Obviously from your avatar, you're in IT. You have 7+ hrs of leisure time a day.. But you appear frazzled and have them convinced you're working 24x7..

    well played.

    Thu, 01/27/2011 - 17:37 | 910768 crosey
    crosey's picture

    FD, you're funny as hell.  A Marketing guy who tells the truth!  Oh my....are we all "getting religion" these days!

    So why do you think your boss is getting the tech erection this time?  Is your competition feigning wild increases in sales because they have all of their new toys?

    Thu, 01/27/2011 - 17:10 | 910608 Ragnarok
    Ragnarok's picture

    I'm starting to realize that the biggest decision I want to make in a day is what goat to kill for super.

    Thu, 01/27/2011 - 17:47 | 910812 Cognitive Dissonance
    Cognitive Dissonance's picture

    I'm dying to ask a few question here.....but something tells me I'd better not.

    Carry on. :>)

    Thu, 01/27/2011 - 17:14 | 910630 Michael
    Michael's picture

    My ultimate dream is to be able to buy an Apple product made in the USA.

    Thu, 01/27/2011 - 17:56 | 910738 TruthInSunshine
    TruthInSunshine's picture

    Yeah, well, if our 'massers get their way, Americans will be working for a lower wage than Foxconn workers in a decade.

    Don't give up the dream.

    Thu, 01/27/2011 - 18:08 | 910904 gdogus erectus
    gdogus erectus's picture

    McIntosh or Gravenstein?

    Thu, 01/27/2011 - 17:15 | 910635 Bruno the Bear
    Bruno the Bear's picture

    I had a similar experience - run client server stuff on an iPad.  Have several VMware servers and we fired up Server 2008 Remote Desktop Services and it works - use WYSE Pocket Cloud as the app to interact with RDS.

     

    Plan to move to VMware View when we have time to figure that out.

     

    However, iPads work OK with a virtual desktop.  Only have 50 iPad users though and I have no idea if this approach scales up.  But at least I don't need to replace our enterprise software.

     

    Like not fighting the FED, I have given up fighting people who want to use Apple products.

     

     

     

     

    Thu, 01/27/2011 - 17:39 | 910781 Sudden Debt
    Sudden Debt's picture

    WAW! CHECKED IT OUT AND IS SUPER!! +100000000000000000000000000000000

     

    Can you send me a email on: waveman.crash@gmail.com ?

     

    Maybe we can share some knowledge.

    Thu, 01/27/2011 - 18:04 | 910895 Sudden Debt
    Sudden Debt's picture

    WAW man, you rock!

    They also work with CITRIX :) I'm so going to score next week :)

     

    Thu, 01/27/2011 - 17:18 | 910656 4xaddict
    4xaddict's picture

    They're pretty good running remote desktop software. I use my iPad to trade and also do very processor intensive Adobe design work via log me in and it works great.

    Running apps like that locally will give you and the iPads an apoplexy.

    Thu, 01/27/2011 - 17:32 | 910744 Orly
    Orly's picture

    So does USDJPY start to tank in the overnight and drop off after the GDP report?  How do you see it playing out?

    Thu, 01/27/2011 - 18:25 | 910983 Pinkfleud
    Pinkfleud's picture

    I'm sure you meant " Appleplexy " lol

    Fri, 01/28/2011 - 00:50 | 912078 Double.Eagle.Gold
    Double.Eagle.Gold's picture

    TRSDOS

     

    Thu, 01/27/2011 - 16:48 | 910511 Alcoholic Nativ...
    Alcoholic Native American's picture

    I just bought a kindle, and let me tell ya I'm impressed. I boot leg all my books. I love it, the technology is there, it's better than reading a normal sized novel. I haven't read this much since last time I was locked up.

    Thu, 01/27/2011 - 17:35 | 910760 SheepDog-One
    SheepDog-One's picture

    I got a Kindle for Christmas, used it for a bit and decided to put it to its best use last weeked, 00 buckshot 12 guage target practice.

    Thu, 01/27/2011 - 18:03 | 910890 TruthInSunshine
    TruthInSunshine's picture

    +1

    Double 00 on the Kindle ftw.

    Thu, 01/27/2011 - 18:23 | 910976 mynhair
    mynhair's picture

    Wif got a nook for the birfday in May.

    The battery has already cacked up.

    Thu, 01/27/2011 - 16:46 | 910503 Phineas Gage
    Phineas Gage's picture

    Not TA or any particular tool, just some thoughts and numbers. 

    If the S&P closes above 1300 with a bit to spare – say, 1306 or so – then 1332 is a virtual certainty (2 x 666).  The clowns will be sent in promptly to cheer a 100% increase off the bottom.  From there, one should expect one or two fractionally up days, with selling into any rallies.  Let’s call it 1340-1350.  Probably a significant selloff at that level (10% or more).  If the market closes above 1360 or so a few days in a row, then there’s a good chance that 1400 (and possibly 1450) gets taken out in short order as the frenzy gains strength.

    If the index doesn’t take out and hold 1300 in the next few sessions, then we correct here.

    Thu, 01/27/2011 - 16:48 | 910509 TruthInSunshine
    TruthInSunshine's picture

    I am still using XP. Fuck Microsoft.

     

    By the time I can't get any support for XP in 2014 (or 2016, more likely), I'll be using whatever free and better than MSFT OS's are out there (probably Android-based, on a super fast tablet).

    Microsoft is a turd.

    Thu, 01/27/2011 - 17:03 | 910573 Sudden Debt
    Sudden Debt's picture

    I use Windows 7 pro and I works a lot better then XP.

    you'd better upgrade it, you won't regret it.

     

    Thu, 01/27/2011 - 17:07 | 910591 TruthInSunshine
    TruthInSunshine's picture

    Windows 7 is okay. I have it on my desktop.

    I'm much more interested in the Android platform, to be honest. There's a lot more flexibility, customization and room for creative adaptation with it.

    Thu, 01/27/2011 - 17:10 | 910609 Sudden Debt
    Sudden Debt's picture

    I bought one on Ebay for about 150$. It lasted about a month and freezed constantly.

    It was a 2.1 so maybe the 3.1 is better but I'm waiting at least 1 or 2 more years before I buy one.

    Thu, 01/27/2011 - 17:14 | 910621 TruthInSunshine
    TruthInSunshine's picture

    2.2 Froyo is amazing.

    I have it on my HTC G2 and it flies with a mere 800MHz Samsung ARM 11 processor. Much faster than an Ipad.

    I'm putting it on a tablet this week. I use my tablet way more than I use any notebook or desktop.

    Tablets are the future - 7" to 10", and with Android.

    IMO

    Thu, 01/27/2011 - 17:29 | 910726 spongeBOB
    spongeBOB's picture

    Stupid question but I have an HTC touch pro 2 with win 6.5 (US cellular). Can I flash it with Android?

    Thu, 01/27/2011 - 17:55 | 910763 TruthInSunshine
    TruthInSunshine's picture

     

    Touch Pro2 got its own Froyo build That was in July, so I'm sure it's been updated.

    See:

    http://www.xda-developers.com/

     

    Froyo 2.2 (Android) is outstanding. I highly recommend it.

    Thu, 01/27/2011 - 17:58 | 910865 spongeBOB
    spongeBOB's picture

    Thanks.

    Thu, 01/27/2011 - 17:33 | 910756 PicassoInActions
    PicassoInActions's picture

    Microsoft is still better than all those fragmentations of android or little unixes.

    People buying IgayGadgets because they are simplier and easier to use.

    Windows is way simpler and more main stream than all those versions of linuxes.

    And concidering how much job is created coz of MS software vs all that java and linux.... Go MS.

    And for the tablets- give it 2-3 years and they will be done, same as netbooks.

    Next thing portable computer ( phone factor ) with dual booting Phone os and windows OS.

     

    As for sinfullFruit OS OSX - its cute and usefull for web browsing and some photo editing crap.

     

     

    Thu, 01/27/2011 - 17:50 | 910826 TruthInSunshine
    TruthInSunshine's picture

    I'm all for the home team and all, but an innovator of anything cutting edge or sophisticated or efficient, Microsoft is not.

     

    And Tablets will rule the day. Take that to the bank. The Tablet thing is just beginning, and it has legs. Talk to anyone who went to the CES this year.

    Thu, 01/27/2011 - 18:24 | 910980 mynhair
    mynhair's picture

    Seconded.  XP2 rules.

    Thu, 01/27/2011 - 16:49 | 910515 fundmanagernews
    fundmanagernews's picture

    This is a blowout quarter. If MSFT was a momentum favorite like NFLX it would be up 15%.

    Thu, 01/27/2011 - 16:59 | 910552 spongeBOB
    spongeBOB's picture

    I would not buy that junk stock even with you money.

    Thu, 01/27/2011 - 23:23 | 911914 TruthInSunshine
    TruthInSunshine's picture

    The Zune will save MSFT.

    Thu, 01/27/2011 - 16:50 | 910518 blackbox
    blackbox's picture

    trouble getting through 1300 spx 12000 dji?

    no problem, let's 'accidentally' release after hours earnings with 20 minutes to go ...

    Thu, 01/27/2011 - 16:54 | 910535 blackbox
    blackbox's picture

    msft now getting pounded to day's lows. plan failed then.

    is it too late to ask to order up some fresh pomo?

    Thu, 01/27/2011 - 16:52 | 910528 assumptionblindness
    assumptionblindness's picture

    What's up with the 'early' earnings announcements this week?  Is this a  new pattern that we can expect to see continue?

    Thu, 01/27/2011 - 16:55 | 910529 hedgeless_horseman
    hedgeless_horseman's picture

    If they don't have Shatner, they don't have shat.  PCLN up 3.6% today!

    http://www.youtube.com/watch?v=_0hTtsqiFCc&feature=related

    Thu, 01/27/2011 - 17:06 | 910539 plocequ1
    plocequ1's picture

    Who cares about earnings. Its just a bunch of numbers the Hft bots dont even understand.

    Thu, 01/27/2011 - 16:57 | 910541 I Am The Unknow...
    I Am The Unknown Comic's picture

    I didn't think you could ride a softy, but Mr. Softie has certainly taken us for a ride.  Up, down, up...it's kind of like screwing...oh, wait....

    Thu, 01/27/2011 - 16:57 | 910542 Spalding_Smailes
    Spalding_Smailes's picture


    We get initial estimates for Q4 GDP tomorrow and analysts expect a 3.5% print.  That sounds nice, but given recent economic data it might be on the low end.  Joe Lavorgna of Deutsche Bank is right in-line with estimates, but provides some color (via Business Insider):

    “We expect today’s Q4 real GDP release to show a 3.5% annualized gain, although the underbelly of the report will likely be even stronger with final sales poised to grow at the fastest pace in nearly five years. No doubt, a mix shift away from inventory investment and toward final demand will give the economic expansion added sustenance. This positive momentum will be reinforced by extremely accommodative fiscal and monetary policy, which in turn causes us to question whether our forecast for 2011 real GDP is too conservative.


     http://www.businessinsider.com/big-upside-surprise-in-tomorrows-gdp-report-2011-1#ixzz1CGtT9pZw

    Thu, 01/27/2011 - 16:57 | 910546 Jason T
    Jason T's picture

    OT: miss this guy. walstreetpro2

    http://www.youtube.com/watch?v=4k4xPUZRdC0

    Thu, 01/27/2011 - 16:58 | 910548 HedgeFundLIVE
    HedgeFundLIVE's picture

    someone at MSFT is getting firedddd tonight!

    for more hedge fund/trading entertainment and content, visit www.hedgefundlive.com.

    Thu, 01/27/2011 - 17:10 | 910593 Spalding_Smailes
    Spalding_Smailes's picture

    I was the first guy who posted your link last week on ZH . Great stuff !!!!

     

    PS - Tell Fro' he should sell his gold ..... The shark was cleared by 40 ft.

     

    Thu, 01/27/2011 - 20:30 | 911454 HedgeFundLIVE
    HedgeFundLIVE's picture

    Yes, we saw your post on ZH!  Will tell "The Boss" to sell sell sell the gold!

    Thu, 01/27/2011 - 17:05 | 910556 gigeze787
    gigeze787's picture

    Bill: Hi, Warren!

    Warren: Our friends have a problem you might help with...

    Bill: Oh? I thought after the State of the Union speech things were actually getting better...

    Warren: Well, the little people still aren't doing too well and the 4Q GDP on Friday will reflect that, although Timmy and Ben will try to fudge the numbers and obfuscate yet again.

    Bill: So, how can I help?

    Warren: Uh, well, as we've discussed before Balmer's not managing things very well, if you don't mind me saying. In fact, he's a bumbling fool.

    Bill: Cruel, but true, Warren. He's my fool, though, so please go easy on him.

    Warren: Well, if your 4Q report were to leak just before the market close -- due to the ineptitude of MSFT's managers, of course -- no one would be surprised, but if the numbers were good then the market might react.

    Bill: Oh, you mean get it to a higher plateau from which to dump on Friday after the GDP report?

    Warren: Well, I've always said I can't predict the stock market...but Balmer's screwups are fairly predictable and one more won't surprise anyone.

    Bill: Ok, how does 3:15pm sound?

    Warren: Just swell, Bill. Thanks! Best to your lovely bride.

    Thu, 01/27/2011 - 17:05 | 910584 I Am The Unknow...
    I Am The Unknown Comic's picture

    nice

    Thu, 01/27/2011 - 17:26 | 910708 cossack55
    cossack55's picture

    Warren: Oh, and could you have Monsanto put more poison in thier GMO seeds.  We have got to shrink the African and Asian populations by about another 2-3 billion.  They are fuckin useless anyway.

    Bill: Sure, I'm on it. I'll have one of my non-profit help agencies push it on the walking dead.  It's great PR.  When can we go for the all-white world. 

    Warren: Soon. The Ben Bernank is printing his ass off.

    Thu, 01/27/2011 - 17:03 | 910572 Matxeu
    Matxeu's picture

    VISTA!!!

    Thu, 01/27/2011 - 17:05 | 910581 Sudden Debt
    Sudden Debt's picture

    THAT'S SO 2007 GRANDPA!!!

    Thu, 01/27/2011 - 17:26 | 910713 Matxeu
    Matxeu's picture

    Glad someone caught it

    Thu, 01/27/2011 - 17:08 | 910596 TruthInSunshine
    TruthInSunshine's picture

    Windows ME & CE ftw.

    Thu, 01/27/2011 - 17:06 | 910587 spongeBOB
    spongeBOB's picture

    CLOUD COMPUTING....BITCHEZZZZZ 

    Hey, its my first time ! 

    Thu, 01/27/2011 - 17:07 | 910588 NOTW777
    NOTW777's picture

    LOL - AMZN not NFLX

    Thu, 01/27/2011 - 17:07 | 910590 blackbox
    blackbox's picture

    amzn being spanked a/h

    Thu, 01/27/2011 - 17:08 | 910599 I Am The Unknow...
    I Am The Unknown Comic's picture

    My favourite observation for today is that the VIX somehow managed to DECREASE to 15.83 at close, but within 5 minutes after close is up to 16.17.   How in the hell does that make sense to anybody?.....well, unless you are a PD, Pimco, or otherwise on The Bernanke's speed dial.....

    Thu, 01/27/2011 - 17:32 | 910600 Cdad
    Cdad's picture

    Risk Off Bitchez!

    Additional:

    Let's see...how many folk zipped their fly down today.  Hmmmm:

    1.  L. Blankfein Wildest Dreams Park [oil futures].  Soon to be twice hammered on his stupid little Miss Crack whore Euro call.

    2.  The world's largest maker of zombies.  Oh, it isn't showing up quite yet...but they were unzipping and jumping at the EOD.

    3.  Amazon....oops.  Wait until the burrito Bulltards get a load of that one after their ignorance today.  What about all those shopping stories Blow Horn?

    4.  My personal favorite...J. Dimon.  Oh my, what a f*cktard comment from that guy today, standing amidst the pristine beauty of his privilege talking about how folks frustrated with bankers are "not constructive or fair."  LOL!  Wrong on both counts, J. Dimon.  The guy ended up being slapped down by a Frenchman.  Good grief!  Who owns the shares of that bank...and why?

    Good lord...helmet wearing freaks everywhere.

     

    Thu, 01/27/2011 - 17:32 | 910749 Spalding_Smailes
    Spalding_Smailes's picture

    And everyone that bought the bottom in pm yesterday, the volume was massive into the miners, a total wipeout in less than 24 hours. 

    How can gold go down with the dollar  .... ? How can gold go down with copper up .... ? WTF ?

     

    I need your help on this ....

    Thu, 01/27/2011 - 17:43 | 910795 Cdad
    Cdad's picture

     

    How can gold go down with the dollar  .... ? How can gold go down with copper up .... ? WTF ?

    Gold is dropping, I believe, on profit taking and in preparation for a very disruptive US dollar rally.   Copper is suicidal...and wants to die tomorrow in style...by cliff diving.  Just check the chart on L. Blankfein Wildest Dreams Park.

    Because the rally is so over extended, normal correlations mean nothing.  But you mark my words about the totally depraved stud man USD...naked, oiled up, lube in hand, camera crew right behind him...pissed off and ready to have his way with every living thing.  Get ready, Spalding. 

    Thu, 01/27/2011 - 18:01 | 910875 Spalding_Smailes
    Spalding_Smailes's picture

    :-)

     

    Not bad.

    I'm ready. But everyone is trying the same shit, all the EM are getting blasted, all overvalued.... even the yuan.

    Thu, 01/27/2011 - 18:13 | 910926 earnyermoney
    earnyermoney's picture

    Seems Mr. Rogers, you quote him often, hates U.S. Treasuries but likes hard assets.

    Thu, 01/27/2011 - 20:13 | 911399 Rainman
    Rainman's picture

    Central planning is calling the shots. There are not just a couple members in that group. You're right about correlations being meaningless. Too much low cost fiat flying around, over extended markets, pruning gains now and pulling back off the high risk valuations.

    The suspicion must be that the dollar this year will be the best looking whorehouse in a neighborhood full of crack houses.....as absurd as that may sound. The abnormal is now normal.

    Thu, 01/27/2011 - 17:10 | 910604 10kby2k
    10kby2k's picture

     

    36Kby2K14 or is it 2K12?

    Thu, 01/27/2011 - 17:19 | 910661 FrankIvy
    FrankIvy's picture

    Every time I get that screen that says: "Program X has crashed and must be restarted.  Would you like to send an error report . . . " and I note, for the thousandth time, that there is no check box that says "Never ask me this shit again," I want to throw a MS employee through the wall.

    Fri, 01/28/2011 - 01:04 | 912092 Double.Eagle.Gold
    Double.Eagle.Gold's picture

    There's a setting for that, article here

    First of all, you need to go to "Control Panel" then click on "System" icon, choosing the "ADVANCED" tab. The second step of this process would be a simple click on the "ERROR REPORTING" button where you make sure to check the "DISABLE ERROR REPORTING" option and to uncheck the "BUT NOTIFY ME WHEN CRITICAL ERROR OCCUR" option.

     

    Thu, 01/27/2011 - 17:25 | 910695 Matxeu
    Matxeu's picture

    VISTA!!!

    Thu, 01/27/2011 - 17:37 | 910769 SheepDog-One
    SheepDog-One's picture

    They chased all retail from the markets so the FED central bankster could OWN it all, and are now surprised earnings arent popping? Hey Central Banksters, if you want your stocks to pop, YOU have to buy em now!! Go ahead, buy em higher idiots!

    Thu, 01/27/2011 - 18:22 | 910968 Common_Cents22
    Common_Cents22's picture

    Yep, like Lucy whining and wondering why Charlie Brown doesn't wanna try and kick the football anymore.

     

    re MSFT, Bill's genious was not software but rather contracts.  Wasn't it true back in the day Bill got a deal to get MSFT paid for every computer regardless of OS?     To what extent is that true today for computer mfg as many have come and gone?

    Thu, 01/27/2011 - 19:11 | 911157 Occams Aftershave
    Occams Aftershave's picture

    Made money trading MSFT earnings.   Wasn't it nice to actually have an earnings release while the market is open, so participants could trade it?   Should be a regulation, imho.

     

    Otherwise, it is like announcing a ball game score after the crowd has gone home, or premarket, before the crowd arrives.    

     

    Really dumb.   I know, I know, after hours trading.  I do it all the time.  But would be better to have all earnings announcements during market hours.   I wrote to the SEC about this, and to my surprise they wrote back a 3-page letter of gobbledegook about why they thought it was not good.

    Thu, 01/27/2011 - 20:02 | 911363 MatrixAnalytix
    MatrixAnalytix's picture

    More like:

    "Oops let's release MSFT earnings so we can unload into volume"

     

    Anyone notice how the S&P wouldn't budge with the buy programs coming in?

     

    Top is in folks, check out the front page if you really want to see 2 charts that'll spook you (April 2010 top and January 2011 look exactly the same, and we all know what happened in May 2010)

    http://www.matrixanalytix.com/

    Fri, 01/28/2011 - 01:02 | 912093 palmereldritch
    palmereldritch's picture

    Bill would like to make it up to everyone by offering them all a free vaccine for a disease to named at a later date.

    Fri, 01/28/2011 - 05:53 | 912292 Terra-Firma
    Terra-Firma's picture

    Given we humans can now program genetic code, AKA DNA, is it such a big step to move from binary programing to genetic programming of living computers; heck, take that one step ahead; why not have programed living computers creating each other? What's the value of that? Imagine a network of living computers working to solve cancer's riddles at the speed of thought. That is the microsoft I want to invest in.

    Do NOT follow this link or you will be banned from the site!