Google Kills Estimates

Google shares spiked by over 18 percent in after hours trading, about the same time the search giant’s earnings report hit. The dramatic rise is attributed to a trouncing of Wall Street estimates.Google reported revenues of $5.19 billion for Q1 2008, or $3.7 billion after traffic-acquisition costs, pulling in a non-GAAP earnings per share of $4.84. Analysts had predicted $3.61 billion in revenues and an EPS of $4.52.

Global PC Shipments Remain Solid

Global PC shipments grew by 14.6 percent to 69.5 million units in the first quarter of 2008, which beat previous estimates of 13.2 percent according to IDC’s Worldwide Quarterly PC Tracker.The U.S. market showed signs of the economic slowdown, but growth remained positive at 3.5 percent for the quarter. The other international markets compensated for the U.S. coming in more than 2 points above estimates due to continued strength in developing countries.

House Bill Would Ban The Use Of Cell Phones On Planes

A new bill has been introduced in the U.S. House of Representatives that would ban the use of mobile voice calls while flying in planes.The new bill co-sponsored by democrat House Representative Pete DeFazio of Oregon, is called the "Hang Up Act" and would still allow text messaging and Web browsing to be used.Currently the FCC does not permit in-flight voice calls and has put the issue on hold since March 2007.

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