Archive for February 18, 2008

Search engine giant Google said that they are now going to allow their advertisers to run video ads on their search result pages.

The ads would be displayed through a text link with a plus sign which the users would be able to click to watch the video ad.

Cisco Reports Second Quarter Earnings

Posted: February 18, 2008 in Tech

Cisco reported its second quarter results for the period ended January 26, 2008. Cisco reported second quarter net sales of USD9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of USD2.1 billion or USD0.33 per share, and non-GAAP net income of USD2.4 billion or USD0.38 per share.

“Cisco delivered another solid quarter with strong revenue and order growth driven by a broad base of geographies, products, services and customer markets,” said John Chambers, chairman and CEO, Cisco. He adds, Cisco’s ability to understand market transitions, whether technology or business model-based, continues to be a key contributing factor to our long-term success.

Chambers continued, as they enter the second half of the fiscal year, their innovation pipeline is in excellent shape, balanced product momentum across core and advanced technologies continues to be solid, and execution against long-term strategy remains unwavering.

Toshiba is said to be close to announcing that they are giving up on their developed HD DVD format.

This new development is going to hurt the company a lot financially. The company stands to lose tens of billions of yen to move out of this segment of the market.

Nintendo is expected to lead the next-generation console race by the end of this year, with a total installed base of 30.2 million Wii’s, versus 25.7 Microsoft Xbox 360’s and 20.3 million PlayStation 3’s, but the Sony console is expected to make significant gains and eventually overtake its two rivals by 2011, according to a report from market research firm iSuppli.

However, iSuppli predicts that the PlayStation 3’s installed base will grow at a compound annual growth rate of 39%, to reach 38.4 million by 2001, bettering both the Wii (20% CAGR; 37.7 million units) and Xbox 360 (15.4% CAGR; 32.3 million units).