08:55 AM

Newswatch 7.17.07 Earnings madness - INTL up, YHOO flat

YHOO revenue up, expectations lowered

[NYT] Yahoo said today that its net income for the second quarter was $161 million, or 11 cents a share, almost unchanged from the same period a year ago, as revenues rose 8 percent to $1.7 billion. But Yahoo also lowered profit and revenue expectations for the remainder of 2007, amid continued weakness in display advertising.

Intel earnings exceed expectations

[NYT] The chip maker, a closely watched indicator of the overall health of the technology industry, reported net income of $1.3 billion, on revenue of $8.7 billion in the second quarter.

IBM's research head retiring

[AP] Paul Horn, who has led IBM's research division for 11 years, is retiring and being replaced by John E. Kelly III, who has overseen the company's strategies on technical standards and intellectual property.

Google will be your search engine

[AP] Google Inc. is offering to run the search engines of small Web sites for as little as $100 per year, marking the company's latest attempt to make more money off technology that already steers much of the Internet's traffic. The service scheduled to be unveiled Tuesday is aimed at the millions of Web sites that either don't have search engines or are unhappy with the quality of their current search results, said Nitin Mangtani, a Google product manager.

Dual-mode cell/Wi-Fi blackberry

[Reuters] The dual-mode BlackBerry 8820, as the device is known, will be launched by AT&T in the United States later this summer, the company said.

Harry Potter's parallel online universe

[Reuters] So popular are J.K. Rowling's stories, and the Web pages built around them, that a handful of online fans have become stars in their own right. Arguably the biggest is Emerson Spartz, who was just 12 when he set up www.mugglenet.com. Today the site is visited up to 40 million times a month, making it one of the biggest Potter sites in the world and a viable commercial venture.

MSFT ships Windows Home Server code

[TopTechNews] Project lead: 'We had a spirit of getting it done, no matter what. We broke some rules but never any laws," he toasted in a blog post. "We took a few risks... and they paid off.'