David Kirkpatrick

May 3, 2010

Yahoo’s Carol Bartz must be high

Filed under: Business, Technology — Tags: , , , , , — David Kirkpatrick @ 5:35 pm

That’s the only way to explain her very odd mischaracterization of Google in this BBC article unless she was massively quoted out of context. If she’s running the company and has that poor of mental grasp on the competition, I’d be very, very concerned as a shareholder for the future of the company.

From the link:

“Google is going to have a problem because Google is only known for search,” said Ms Bartz.

“It is only half our business; it’s 99.9% of their business. They’ve got to find other things to do.

“Google has to grow a company the size of Yahoo every year to be interesting.”

Find other things to do? I’m no Google cheerleader (although I absolutely love the Chrome browser), but is she serious? I think I answered that in the previous parenthetical reference. Now I know Bartz was talking about monetized business, but even facing the Facebook threat to online ad revenue I seriously doubt Google has any short- or even mid-term concerns to remaining enormously profitable.

Maybe the tone of the interview was driven by a little industry jealousy. Just for fun let’s compare the recently released Q1 earnings reports for each.

Yahoo! (released April 20, 2010)

revenue: just under $1.6M, up one percent over first quarter 2009

Google (released April 15, 2010)

revenue: $6.77B, up 23 percent over last year’s first quarter

Now that is a difference in revenue. Yahoo is below two million and Google is below seven billion. Good interview, Carol. It’s always smart to call out your competition when you’re operating from a position of strength. Oh, wait …

July 31, 2008

Yes, we have bananas …

Filed under: Business — Tags: , — David Kirkpatrick @ 3:17 pm

… I don’t have any reason for this post other than I really wanted to run that header after this release popped up in my inbox.

Of course if you’re tracking Chiquita this is good news.

From the release on Chiquita’s Q2 earnings report:

Chiquita Brands International, Inc. (NYSE:CQB) today released financial and operating results for the second quarter 2008.  For continuing operations, the company reported net sales of $1 billion, up 6 percent year-over-year, and income of $59 million, or $1.31 per diluted share, compared to $5 million, or $0.12 per diluted share, in the year-ago period. Including the results of discontinued operations, the company reported income of $62 million or $1.37 per diluted share.  The 2008 quarter includes other income, net of tax, of $6 million, or $0.13 per diluted share, from the resolution of a claim related to a non-income tax refund, and the 2007 quarter included a charge of $3 million, or ($0.07) per diluted share, related to the settlement of U.S. antitrust litigation.

“I am very pleased with our strong second quarter results, which mark our best quarterly performance in three years,” said Fernando Aguirre, chairman and chief executive officer.  “Our ability to deliver year-on-year improvements, despite unprecedented cost increases, is a testament to the strength of our business, the diversity of our product portfolio, and our strategy to drive profitable growth. We are particularly satisfied that our pricing discipline and focus on profitability has improved the performance and momentum of our banana segment for the fourth consecutive quarter.  We are disappointed, however, with the current performance of our salad operations, and we are focused on executing plans to improve our salad margins over time.”