Bill Gates To Give Up Day-to-Day Role in 2 Years
Microsoft (MSFT) effective 7/08, Bill Gates will transition out of his day-to-day role to spend more time at his foundation. After 7/08, Gates will continue as chairman and advisor on key development projects.
Stone Energy (SGY) Energy Partners offers to buy Stone Energy in a $2.2 billion deal.
Oracle (ORCL) sees fourth quarter GAAP earnings per share (EPS) of 24 cents vs. previous guidance of between 21 cents and 23 cents, on total revenue of $4.85 billion.
Adobe Systems (ADBE) posts 20 cents vs. 29 cents second quarter EPS (GAAP) as costs related to the Macromedia acquisition offset a 28% revenue rise. It sees third quarter revenue of $580 million to $610 million and GAAP EPS between 13 cents and 16 cents. It lowers fiscal year 2006 revenue guidance to between $2.54 billion and $2.6 billion. EPS moves to between 70 cents and 76 cents.
KB Home (KBH) posts $2.46 vs. $2.06 second quarter EPS on a 22% revenue rise. Given the decline in new home demand and the increase in new & existing home supply, it cuts fiscal year 2006 EPS guidance to $10.00.
California Micro Devices (CAMD) lowers first quarter revenue guidance by $2 million to between $15 million and $16 million. It expects GAAP loss of between 12 cents and 13 cents. It also notes a broad-based decline in demand for its products in the last month.
Linear Technology (LLTC) says the SEC, on June 13 as part of an informal inquiry, requested certain information on the company's past stock option grants.
Todd Shipyards (TOD) posts 3 cents fourth quarter loss vs. 72 cents earnings per share (EPS) on a 26% revenue decline, reduced volumes of Navy work, lower-than-expected fees for work completed on Stennis, and lowered estimated overhead expense recovery under U.S. Government contracts.
China Medical Technologies (CMED) posts RMB 2.52 vs. RMB 1.97 fourth quarter EPADS on a 50% revenue rise.
Coffee Holding (JVA) Files notification of the late filing of its second quarter 10-Q. It also announces that it sees 5 cents second quarter net loss vs. 15 cents earnings per share (EPS) in the second quarter of fiscal year 2005. It cites increased cost of sales and lower margins on branded, private label coffee.
OmniVision Technologies (OVTI) posts 39 cents vs. 30 cents fourth quarter EPS on a 28% revenue rise. However, fourth quarter results were lower on a sequential basis as gross margin narrowed. It sees first quarter GAAP EPS of 27 cents to 34 cents on revenue of between $135 million and $145 million.