Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 11 August 2011 12:52

AOL in trouble

Written by Nick Farell
y_stocks

Shares plummet
Hopes that AOL might be gearing up for a comeback appear to have been dashed. Shares of the outfit are still falling after the Internet company lowered its guidance for an adjusted income figure and said it saw a slowdown in June.

The outfit had not done that badly. It had posted a smaller net loss and better-than-expected revenue for the second quarter,  the company increased advertising revenue for the first time since 2008. However, shareholders were not buying that. In fact they were mostly selling what they had.

Most analysts said that the second-quarter results showed that while, it is still struggling to revitalise its business. AOL bought The Huffington Post website this year for $315 million and the technology blog TechCrunch last year, adding them to a stable that currently includes more than 50 websites.

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments