Posts Tagged 'third'

MySpace opens up data, helllooooo spammers

MySpace made good on a promise today to let users take their data with them to other websites and even competing social networks. The social network will offer a rich set tools for third-party developers and enforce strict standards to protect users’ data and privacy.

Last month, MySpace surprised the industry by announcing its Data Availability Initiative, a plan that MySpace’s CEO Chris DeWolfe summed up as “the walls around the garden are coming down.” Until recently, most social networking sites, including Facebook and MySpace, haven’t offered easy methods for users to move or share their data with other sites, let alone competing networks. Aside from some kind of hacked backdoor method or a third-party scraping utility, you couldn’t easily port the photos or all the personal information you’ve added to MySpace over to Facebook or Google’s Orkut. You would have to sign up at those other sites and reupload those photos all over again manually. (link)

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Best Buy profits rise, IN YOUR FACE COMPUSA!

Best Buy Co., the nation’s largest consumer electronics retailer, reported a 52-percent jump in third-quarter profits and it raised its guidance for the full year.

Best Buy’s third-quarter profit was well ahead of analyst expectations. TV prices fell less than last year. Best Buy added stores, but kept a lid on corporate expenses. And a fluke in the calendar plopped an extra week of post-Thanksgiving holiday shopping into the third quarter.

But what the calendar gave in the third quarter, it will take away in the fourth. Without giving formal quarterly guidance, interim Chief Financial Officer Jim Muehlbauer acknowledged on a conference call that the results implied fourth quarter earnings of $1.70 per share to $1.80 per share. Analysts expected $1.82.

The Richfield, Minn.-based company said the rapid revenue growth of the third quarter would slow in the fourth because the extra holiday shopping week falls in the third quarter, and because this year’s fourth quarter is one week shorter than last year’s.

Best Buy shares rose 48 cents to close at $51.62 after earlier falling as much as 3.7 percent. (link)


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