Quarterly Results Surprise in Both Directions

The numbers are rolling out and I wonder if new reporting rules (and Sarbox, or whatever it is called) are not making it harder and harder to hide less than impressive results...

Yahoo surprisingly bad. Apple better than expected. Intel, not so hot (except for the Core Duos in Apple laptops). IBM even had a good report, thanks to never being afraid to spin things off before they become permanent drags. Microsoft: more lies and obfuscation! hehe. Google surprisingly good:

"Google reported revenues of $2.46 billion for the quarter ended June 30, 2006, an increase of 77% compared to the second quarter of 2005 and an increase of 9% compared to the first quarter of 2006. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. In the second quarter of 2006, TAC totaled $785 million, or 32% of advertising revenues. "

We can see the affects on this graph already, but it'll get more pronounced over the next few days. Whoohoo look at that Yahoo drop!