Friday, April 24, 2009

Tech Earnings

Highlights from last night:

Microsoft - missed revenues but good cost control for the quarter and going forward saved the day. No growth and no game changer here. Morgan Stanley just upgraded it based on PC units bottoming and their new product cycle - Windows 7. I can't see this one outperforming in a good tape.

Amazon - continues to defy (my) logic. Kindle is hot but the core retail business remains very strong.

Samsung - comments on semiconductor supply/demand were not as positive as I'd expected. These guys are masters of self-serving expectations management so a little more digging is in order.

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