Word: quartered
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...last quarter, Intel Corporation reported revenue of $7.1 billion, net income of $647 million and earnings per share of $.11. Revenue was $9.7 billion in the same period last year. Aside from topping expectations, Intel's CEO, Paul Otellini, said, "We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns." (See pictures of the Top 10 scared traders...
...large retailers in enough trouble to go bankrupt next week? No. But, if unemployment keeps rising and consumer confidence keeps falling, the same thing may not be true next quarter. Several large retailers cannot stay in business for another year if their sales are dropping 25% or more...
...Goldman Sachs gambling with government funds? During the first quarter, the investment bank greatly increased the amount of trading risk it takes in the market. Should those wagers go sour, Goldman could lose heavily, and so could taxpayers...
...what is clear is that Goldman is taking significant trading risks, opening the firm up to the possibility of big losses at a time when regulators and lawmakers are trying to reduce the dangers of the nation's financial system, not increase them. At the end of the first quarter, Goldman's measure of value-at-risk, which tracks how much the financial firm could lose in one day, rose to $240 million. That was up over $80 from just over a year ago, and it is 10 times the risk the firm used to take on a daily basis...
...three months of this year. That's up from about 35% on average over the past four years. It has yet to be seen whether other firms have upped their trading bets as well. Goldman was the first of the major financial firms to report earnings in the first quarter. Citigroup and J.P. Morgan have said that they, like Goldman, made money in the first two months of the year. So it is likely those firm have increased the amount of risk they are taking as well. If so, the ramping up of trading at Goldman and others underscores...