Before the bell: GOOG, MER, VMW, RTN, AAPL |
| Published: July 9, 2008, 4:13 am |
| Tags: aapl, emc, goog, inthenews, mer, rtn, vmw, wpp |
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Filed under: Before the bell, Deals, Google (GOOG), Apple Inc (AAPL), Merrill Lynch (MER), EMC Corp (EMC), Raytheon Company (RTN)Before the bell: Futures lower as oil rises, despite Alcoa earningsNearly two years after Google Inc. (NASDAQ: GOOG) bought YouTube for over $1.6 billion, it seems that it is not the cash cow Google had hoped it could become. Getting ad revenue from YouTube, The Wall Street Journal says, is not an easy task. Despite the site's popularity with surfers, it isn't popular with big corporate advertisers. World-wide revenue from YouTube ads is likely to total about $200 million for the full year, less than Google's expectation. Google has been trying to show it is not a one-trick pony, YouTube was critical in that.According to The New York Post, "A blind trust run by Mayor Bloomberg is willing to pay between $4.5 billion and $5 billion to buy Merrill Lynch (NYSE: MER)'s 20 percent stake in Bloomberg LP."If you missed it Tuesday, VMware (NYSE: VMW) sank over 24%, [ Full article ] |
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