Filed under: Before the bell, Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), eBay (EBAY), Amazon.com (AMZN), XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Gap Inc (GPS)
Before the bell: Futures decline on economic concerns (DELL, AIG)
Microsoft Corp. (NASDAQ: MSFT) will cut the price of some boxed versions of Windows Vista from 20-48%, as at least one executive feel the company had “botched” the marketing of computers as “Vista Capable.” I’m surprised that Microsoft doesn’t understand it needs to offer a better product rather than lowering the price on a product that isn’t up-to-par…
Gap Inc. (NASDAQ: GPS) shares are up over 5.9% in premarket trading after reporting quarterly results after the close Thursday. Gap’s fourth-quarter profit increased 21% after three years of consecutive declining sales. Cost cutting measures boosted the profit line. The company promised more such measures as well as a $1 billion share buyback. the retailer has also raised its quarterly dividend by six percent to 34 cents per share. Gap earned $265 million, or 35 cents per share, inline with estimates. Revenue totaled $4.68 billion, a 5% from the year ago period. Same-store sales, however, fell 3%.
Continue reading Before the bell: GPS, MSFT, AMZN, XMSR …
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