Tuesday, September 11, 2012 10:46:20 AM
DUTV IN YOUR LIVING ROOM HELPING NETFLIX
Attached is an excerpt from Bloomberg article on "NETFLIX" Today 9/11 speculation for sure....IS IT THE RIGHT FIT FOR THE BUSINESS MODEL?????
Netflix tumbled 25 percent to $60.28 at the close in New York, the biggest one-day drop since Oct. 25, after reporting second-quarter earnings yesterday. The Los Gatos, California- based company’s stock, down 13 percent this year, was the worst peformer in the Standard & Poor’s 500 Index.
The summer Olympics are likely to hamper efforts to sign up new customers, Chief Executive Officer Reed Hastings said yesterday in his quarterly letter to investors. The full year goal of adding 7 million new U.S. users will be “challenging” if this quarter’s most optimistic targets aren’t met, he said.
Analysts had been skeptical of the company’s outlook for new customers, which hinges on accelerating signups in the second half of the year. With 2.27 million new U.S. subscribers in the first half, the company won’t meet its forecast, according to David Miller, a Caris & Co. analyst in Los Angeles.
surely I speculate.....
Regards
SUNNY
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