woodhorb

Tech Giants Facing Dollar Daze

Google admits they increased US$ revenue on international operations due to favorable exchange rates; the FX gain gave them $60M extra revenue last quarter; but they also hedge their FX exposure to some extent to offset possible declines; most companies hedge their FX exposure to some extent; so it's difficult to forcast how much the FX changes will impact the bottom line. I am surprised though that none of the analysts have nudged down their Revenue and EPS forecasts to take account of potential FX declines over the next 12 months

Microsoft's Cashback Program is Working: 15% Uptick in June Searches

wow goog dropped from 61.8 to 61.5 and msft now has 9.2; much of that was people having a quick look see; most will revert back to goog as they realize it's mainly a gimmick not real massive savings; somethings under this scheme costs more despite the discount; mainly a short term diversion; no real threat to goog dominance