Skype suit: founders escalate attack on former partner, ex-CEO of net TV’s Joost
Filed under: Company News, Media
Given how fast legal motions are flying in the ongoing battle for control of Skype, the web-calling giant at the center of a $2 billion tug of war, one could be forgiven for wondering if the company’s two billionaire founders, Niklas Zennstr
Tags: direction, entry, internettv, janus friis, janusfriis, joost, michelangelovolpi, news, skype, voip
Pharma earnings: J&J, Abbott beat — a sign of pharma earnings to come?
Filed under: Company News, Earnings, Johnson & Johnson, Pfizer
Two of the drug industry’s bigger names — Johnson & Johnson (JNJ) and Abbott Labs (ABT) — managed to top Wall Street’s profit expectations for third quarter earnings this week, revealing that diversification in product portfolios helped their bottom lines. But the better-than-expected results were met with opposite responses from investors, with J&J punished because its sales fell short of investors’ hopes. Abbott shares, meanwhile, headed higher after reporting that third-quarter sales its arthritis drug Humira, the drugmaker’s biggest product, surged 24 percent to $1.49 billion, beating analyst estimates.
New Brunswick, N.J.-based J&J earned $3.35 billion, or $1.20 a share, compared with $3.31 billion, or $1.17, in the year-ago period. Analysts expected earnings of $1.13 a share. Despite the stronger showing, it seems investors’ fears regarding generic competition materialized. Even though the Band-Aids maker managed to grow profit by 1.1 percent, it did so predominantly through cost cuts and lower taxes. More worrisome, sales declined 5.3 percent to $15.1 billion from $15.92 billion, missing the Street’s revenue estimate of $15.19 billion.
Continue reading Pharma earnings: J&J, Abbott beat — a sign of pharma earnings to come?
Pharma earnings: J&J, Abbott beat — a sign of pharma earnings to come? originally appeared on DailyFinance on Wed, 14 Oct 2009 19:00:00 EST. Please see our terms for use of feeds.
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Pharma earnings: J&J, Abbott beat — a sign of pharma earnings to come?
Tags: abbottlaboratories, corporate earnings, earnings, fears-regarding, janus friis, news, pharma-earnings, seems-investors, though-the-band
Skype founders sue eBay, VCs over company sale and seek $75 million per day in damages
Filed under: Company News
Oh no you don’t!
The founders of Skype have filed a lawsuit aimed at disrupting eBay’s (EBAY) impending $1.9 billion sale of the internet communications company to a consortium of investors including prominent venture capitalists Silver Lake Partners and Andreessen Horowitz, the investment firm of Marc Andreessen, the billionaire co-founder of Netscape.
Janus Friis and Niklas Zennstrom — both billionaires in their own right — filed suit Wednesday, through their company, Joltid Ltd., in the U.S. District Court for Northern California. They are seeking an injunction against Skype as well as statutory damages they claim are accruing at an eye-popping rate of “more than $75 million daily” — or nearly $1000 per second.
Skype founders sue eBay, VCs over company sale and seek $75 million per day in damages originally appeared on DailyFinance on Wed, 16 Sep 2009 21:00:00 EST. Please see our terms for use of feeds.
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Skype founders sue eBay, VCs over company sale and seek $75 million per day in damages
Tags: ebay, founders-sue, internet, investment, janus friis, silver, skype-as-well
