Here are some things going on this morning in your world of tech:
Shares of Yahoo! (YHOO) are are down 23 cents, or 1%, at $20.08, following the company’s Q4 report last night, one marked by slightly better-than-expected revenue, on higher search advertising results, but a continued to decline in display advertising, and an outlook for this quarter and the year that fell short of consensus. I’ve seen no ratings changes this morning, and analysts in general are saying the results were “mixed.”
As Credit Suisse’s Stephen Ju writes this morning, in reiterating his Neutral rating on Yahoo! shares, CEO Marissa Mayer‘s presentation about her revival strategy was “broad” but lacking in detail, hence “we maintain a wait-and-see stance pending further details around the product roadmap as it seeks to transform itself longer term into a growth company.
Shares of VMWare (VMW) continue their slide this morning following a better-than-expected Q4 report last night but a forecast that disappointed. The stock is off $19.39, or almost 20%, at $78.93. There are at least seven downgrades this morning, that I can see, from Goldman Sachs, Sterne Agee, Morgan Stanley, and others. Piper Jaffray’s Mark Murphy, cutting his rating from Overweight to Neutral this morning, writes that “While performance improved in Q4, VMW’s 2013 revenue guidance and other commentary are disappointing [�] We think a large mix of investors assumed that license revenue growth would accelerate from 13% in 2012 to a high teens rate in 2013 based on the 3-year ELA renewal cycle heating up and driving an extra 5 points of license growth.”
Meantime, VMWare’s owner,�EMC (EMC), whose shares were under pressure following the VMWare results, this morning reported Q4 revenue of $6.03 billion and EPS of 54 cents, beating the consensus for $5.98 billion and 52 cents. the shares are down, however, $1.61, or 6.4%, at $23.59, in part because of a 2013 projection for just $1.85 per share in profit, below the consensus $1.90.
Research in Motion (RIMM) shares continue to sag in advance of the company’s unveiling tomorrow morning in Manhattan of its BB10 operating system upgrade to the BlackBerry, and what are expected to be new BlackBerry hardware models. The stock today is off $1.10, or 7%, at $15.08.
Some on the Street are pouring cold water on the matter this morning. UBS’s Phillip Huang writes, “Despite the hype surrounding BB10, much uncertainty remains. We foresee the initial devices being comparable to v1.0 of iOS/Android, with pricing and operator appetite to subsidize unclear.”
Shares of Apple (AAPL) are up $8.36, or 1.9%, at $458.19, though with little real news in circulation. The company today said it update its full-size iPad with an option for 128-gigabyte flash storage modules, double the current top-of-the-line capacity, starting at $799, and available February 5th.
There’s some conflicting chatter this morning about Clearwire�(CLWR) and the bidding war between�Dish Network�(DISH) and�Sprint-Nextel (S). You’ll recall that Dish bid $3.30 for Clearwire on January 8th, topping the $2.97 per share that Sprint had offered back on December 17th to buy the portion of Clearwire it doesn’t already own.�Bloomberg’s�Tara Lachapelle and Lindsey Rupp�late yesterday reported on the stock’s rise since then, as the market bet that Sprint would have to step up its offer. The shares closed up by 3% yesterday at $3.36. However, the stock is off by 11 cents, or 3%, at $3.25 this morning, as �Dow Jones Newswires is reporting that Dish won’t file a petition to block Sprint’s takeover of Clearwire.
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