Too many customers watching the World Cup and too few buying software and computers means the soccer tournament may wind up a “yellow card” for earnings at U.S. technology companies, Goldman Sachs Group Inc. said.
Microsoft Corp. ’s Xbox Live online video-game service probably broke the $1 billion revenue mark for the first time in the year that just ended, helped by sales of movies, avatar accessories and extra game levels.
Oracle Corp. , the world’s second- largest software maker, advanced after quarterly results showed the company’s acquisition of Sun Microsystems fueled a bigger profit gain than analysts had predicted.
ARM Holdings Plc rose the most in almost two years in London trading after announcing a licensing deal with Microsoft Corp. that may give its technology a shot at replacing Intel Corp.’s chips in new Windows tablet computers.
Microsoft Corp. expects customers to adopt the new version of Office at the fastest pace in the software’s 20-year history, helping reverse a sales slump and fend off competition from Google Inc. ’s Web-based programs.
Microsoft Corp., the world’s largest software maker, reported third-quarter revenue that missed analysts’ most optimistic predictions, a sign that corporate customers may be putting off computer buying.
U.S. stocks fell, sending the Dow Jones Industrial Average to its biggest drop in almost a month, as analyst rating cuts of companies including Microsoft Corp. and Macy’s Inc. triggered caution before the start of the earnings season.