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Top Stories: July 21, 2010New Cancer Center Complete; San Jose Looks at Warriorsby Danny Wool on Jul 21, 2010Profits Rise as Companies Release Q2 Reports Yesterday, San Jose.com reported that Yahoo’s profits were expected to rise when it released its Q2 report. The report is out, and the company reported $213 for Q2, some 51 percent more than its Q2 earnings last year. It was Yahoo’s best performance since it hired Carol Bartz as its CEO eighteen months ago. The real winner in the competition for high Q2 earnings was Apple, which recently released both the iPad and the iPhone 4. Despite any problems the company may have had with the latter, the company reported $15.7 bilion in revenues, up 61 percent from last year. Surprisingly, the biggest driver of this unprecedented growth was the sale of 8.4 million iPhones, including 3 million iPhone 4s. Let this be a lesson—dropped calls do not mean dropped profits. Apple is expecting even greater profits this year, when the iPad goes on sale in 8 more countries, and consumers start making their back-to-school purchases. Other companies showing a sharp increase in revenues this quarter include Juniper Networks of Sunnyvale, whose share prices rose 24 cents, compared to 3 cents last year, and Palo Alto-based VMware, which showed a 48 percent increase in revenue. Seagate gained 76 cents a share, especially impressive since it lost 17 cents a share in Q2 2009. Despite the recession and soaring unemployment, all of this seems to indicate that high tech is one of the most successful industries driving economic growth. Read More at KLIV. Read More at ABC 7. Final Beam to Swing into Place at New Cancer Center Crowds will gather early this afternoon outside the planned Samaritan Cancer Care Center near Highway 85. They will be there to sign the final beam and watch it swing into place, ending a key stage in the construction process. If things keep to schedule, San Jose will have a comprehensive cancer diagnostic and treatment center by spring. The new four-storey building will cover 75,000 square feet and provide all aspects of care for cancer patients from diagnostics to counseling under a single roof. The cost of the facility is about $22 million, 70 percent of which comes from the Thrivent Fund for Lutherans. Read More at ABC 7. Hockey, Football, Baseball, and Now … San Jose already has the Sharks, Santa Clara stands to get the 49ers, and San Jose could be the new home of the A’s. So what sport is next? Soccer? We already have the Earthquakes. Beach volleyball? No, there is no major league … yet. Lacrosse? Too collegy. Wait. Basketball! That’s right. The Golden State Warriors are for sale, and Oakland is, potentially, just a high speed rail ride away. And wasn’t Larry Ellison interested in buying the team? Of course, he lost out to Joseph Lacob of Kleiner Perkins, but that doesn’t mean that he can’t bring his new team here. In fact, the HP Pavilion is potentially the perfect home for the team. It may take some money to upgrade the stadium, but it would still be far less than it would cost to build a brand new arena in San Francisco. Let’s face it. Silicon Valley is becoming the up-and-coming sports hub of the West Coast. All it needs is pro-basketball for the grand slam. Read More at The Mercury News. by Danny Wool on Jul 21, 2010 |
 The Fanboys are right: Apple's revenues are up 61 percent since last year, despite some well-publicized complaints about dropped calls on the new iPhone4. |
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