Yahoo reports lackluster results as sale looms

2016-07-19 06:48:57

Yahoo Inc's (YHOO.O) quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business.Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected. It also announced a $482 million write-down on the value of Tumblr, the social media service that it acquired in 2013 for $1.1 billion.Yahoo is in the process of auctioning off its search and advertising business, and is expected to choose a winner this week. The company said its board has made "great progress on strategic alternatives" but did not comment further on the auction process.Verizon Communications Inc and AT&T Inc are said to be in the running to acquire the core business, along with private equity firm TPG Capital and a consortium led by Quicken Loans founder Dan Gilbert and backed by billionaire Warren Buffett.Yahoo also owns large stakes in Chinese ecommerce giant Alibaba and Yahoo Japan, which are worth far more than the company's internet business.Monday's earnings report showed the continued slide in Yahoo's business during the protracted sale process. After the Tumblr write-down, the company posted a net loss of $439.9 million, or 46 cents per share, compared with a loss of $21.6 million, or 2 cents per share, a year earlier. Although total revenue rose to $1.31 billion from $1.24 billion a year earlier, the seeming improvement was the result of a change in the way the cost of acquiring traffic is counted. After deducting fees paid to partner websites for traffic, revenue fell to $841.2 million from $1.04 billion.Estimating that Tumblr is worth "nothing" at this point, Ross Gerber, cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, said potential buyers were likely bidding lower than Yahoo believes it is worth."I can't imagine why the sale process is taking so long, the only thing I can think of is it's being overpriced. This report doesn't further create an impression that paying up for these assets has any value," Gerber said. Revenue in the company's emerging businesses, which Chief Executive Officer Marissa Mayer calls Mavens - mobile, video, native and social advertising - showed some life, rising 25.7 percent to $504 million in the second quarter ended June 30. But the improvement in Mavens was offset by decreases in gross search revenue that is only expected to get worse, said B. Riley & Co analyst Sameet Sinha. Gross search revenue for the quarter was $765 million, down 17 percent from the same period last year. "This is supposed to be the growth engine of the company, and at best it was up slightly year over year. That shows that even in high-growth categories like mobile and native they're losing their search impact," he said. JMP Securities analyst Ronald Josey said search revenues are a significant portion of Yahoo's overall revenues and their continued decline could definitely be a factor in the sale negotiations. "If search continues to decline as much as it has, that's something that's going to be called into question," he said.In a conference call, Yahoo Chief Financial Officer Ken Goldman touted the company's cost-cutting efforts.“Through excellent expenditure management of cost and capital, we achieved above the high-end of our guidance on adjusted EBITDA and significantly increased cash flow,” he said, referring to earnings before interest, taxes, depreciation and amortization.Yahoo's shares were little changed at $37.92 in trading after the bell. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Chris Reese and Jonathan Oatis)

Split and Clone Editor Views in Eclipse

2016-07-12 04:24:10

Sometimes it is all about knowing the simple tricks in Eclipse which make life easier. Like this one: How to have a split editor view so I can edit multiple different sections of a source file.That feature is present in Eclipse Luna and afterwards, but because there is no icon in the view itself as in Microsoft Word, I have found that many do not know about this useful feature. The screensthots below are for Eclipse Luna.Split Editor ViewTo split an editor view, I have it selected (to be active), then I use the menu ‘Toggle Split Editor’:I can split it horizontal:Or in a vertical way:I can use the mouse to resize the split area:To remove the split, simply use the menu or shortcut again:Clone Editor ViewThe other useful function is to clone an Editor view:This creates a clone of that view:To ‘undo’ the cloning, I close the new editor view.SummarySplitting and Cloning gives me a way to edit the same source file in different portions of that file. The commands to Clone and Split is under the Window > Editor menu.Happy Cloning and Splitting!

NASA's Juno spacecraft loops into orbit around Jupiter

2016-07-05 13:49:44

CAPE CANAVERAL, Fla. NASA's Juno spacecraft capped a five-year journey to Jupiter late Monday with a do-or-die engine burn to sling itself into orbit, setting the stage for a 20-month dance around the biggest planet in the solar system to learn how and where it formed.“We’re there. We’re in orbit. We conquered Jupiter,” lead mission scientist Scott Bolton, with the Southwest Research Institute in San Antonio, told reporters on Tuesday. “Now the fun begins.”Juno will spend the next three months getting into position to begin studying what lies beneath Jupiter’s thick clouds and mapping the planet’s gargantuan magnetic fields.Flying in egg-shaped orbits, each one lasting 14 days, Juno also will look for evidence that Jupiter has a dense inner core and measure how much water is in the atmosphere, a key yardstick for figuring out how far away from the sun the gas giant formed.Jupiter's origins, in turn, affected the development and position of the rest of the planets, including Earth and its fortuitous location conducive to the evolution of life.“The question I’ve had my whole life that I’m hoping we get an answer to is ‘How’d we get here?’ That’s really pretty fundamental to me,” Bolton said.Jupiter orbits five times farther from the sun than Earth, but it may have started out elsewhere and migrated, jostling its smaller sibling planets as it moved. Jupiter's immense gravity also diverts many asteroids and comets from potentially catastrophic collisions with Earth and the rest of the inner solar system.Launched from Florida nearly five years ago, Juno needed to be precisely positioned, ignite its main engine at exactly the right time and keep it firing for 35 minutes to become only the second spacecraft to orbit Jupiter.If anything had gone even slightly awry, Juno would have sailed helplessly past Jupiter, unable to complete a $1 billion mission. The risky maneuver began as planned at 11:18 p.m. EDT/0318 Tuesday GMT as Juno soared through the vacuum of space at more than 160,000 mph (257,500 kph).NASA expects Juno to be in position for its first close-up images of Jupiter on Aug. 27, the same day its science instruments are turned on for a test run.Only one other spacecraft, Galileo, has ever circled Jupiter, which is itself orbited by 67 known moons. Bolton said Juno is likely to discover even more.Seven other U.S. space probes have sailed past the gas giant on brief reconnaissance missions before heading elsewhere in the solar system. The risks to the spacecraft are not over. Juno will fly in highly elliptical orbits that will pass within 3,000 miles (4,800 km) of the tops of Jupiter's clouds and inside the planet's powerful radiation belts.Juno's computers and sensitive science instruments are housed in a 400-pound (180-kg) titanium vault for protection. But during its 37 orbits around Jupiter, Juno will be exposed to the equivalent of 100 million dental X-rays, said Bill McAlpine, radiation control manager for the mission.The spacecraft, built by Lockheed Martin, is expected to last for 20 months. On its final orbit, Juno will dive into Jupiter's atmosphere, where it will be crushed and vaporized.Like Galileo, which circled Jupiter for eight years before crashing into the planet in 2003, Juno's demise is designed to prevent any hitchhiking microbes from Earth from inadvertently contaminating Jupiter's ocean-bearing moon Europa, a target of future study for extraterrestrial life. (Editing by Kim Coghill and Andrew Heavens)

Google beats children's web privacy appeal, Viacom must face one claim

2016-06-27 19:24:29

A federal appeals court on Monday said Google and Viacom need not face a nationwide lawsuit claiming they illegally tracked the activity of children under the age of 13 who watched videos and played video games on the Nickelodeon website.The 3rd U.S. Circuit Court of Appeals in Philadelphia largely upheld a January 2015 lower court ruling dismissing claims that Google, which is a unit of Alphabet Inc, and Viacom Inc violated the federal Video Privacy Protection Act by planting "cookies" on children's computers. But the appeals court also revived one privacy claim against Viacom, which alleged that the company promised not to collect personal information about children but did so anyway. (Reporting by Jonathan Stempel in New York; Editing by David Gregorio)

Democrat gun control sit-in sparks social media sensation

2016-06-24 04:22:03

A blackout of television cameras in the U.S. House Representatives during the Democrats' gun control sit-in may have spurred public interest in the protest as it forced the demonstrators to use social media to broadcast their message.Democrats leapt on Facebook Live (FB.O) and Twitter's (TWTR.N) Periscope after the cameras, controlled by the House, went dark Wednesday when presiding House officer and Republican Representative Ted Poe declared the chamber not in order during the protest.As Democrats took to alternative forms of video broadcasting, their message gained tremendous momentum from social media. On Twitter, the hashtags #NoBillNoBreak and #HoldTheFloor have been tweeted at least 1.4 million times.Of the roughly 20 members of Congress who remained at the sit-in overnight, 19 of them used Facebook Live for a total combined viewership of 3 million.“It really connected with people out there,” Congressman Scott Peters told Reuters. "This whole phenomenon with [live video] struck a nerve."Peters used the application Periscope, which is connected to the social media platform Twitter, to send out video. “Without that, think about it, it would have been a caucus meeting where we talk to ourselves," he added. In remarks Wednesday outside the Capitol, House Democratic Leader Nancy Pelosi praised how her party harnessed social media."Without you and without the technology of Periscope [the sit-in] would just be a debate in the Halls of Congress unrecorded because they turned off the microphones," Pelosi said. "But we raised our voices. They turned off the cameras and we went to Periscope." Congressman Mark Takano, who began posting live videos from the chamber to his Facebook page Wednesday afternoon and continued to throughout the night, said the social media video helped him connect with constituents."Once I got started with the live streaming I didn’t feel like I could let down the people who were following me,” said Takano. “It was a way to push out a message.”Even C-SPAN, which typically broadcasts footage recorded by the House cameras, picked up live video from four different members of Congress roughly two hours after the House cameras shut down, according to communications director Howard Mortman. It marked the first time the channel broadcast a live social media feed from the House floor. "Something interesting is happening with Facebook Live that's bringing more openness to the political process," said Mark Zuckerberg, CEO of Facebook, in a post to his social media profile Thursday."It's a way to share anything you want with the world using just your phone." (Reporting By Amy Tennery; additional reporting by Angela Moon in New York and Susan Cornwell in Washington; Editing by Andrew Hay)

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