Techmeme has the big buzz about Google's second quarter earnings. Google claimed this was a strong quarter with 35% in profits ($3.92 per share), but their earnings still didn't meet analysts' expectations.
Meanwhile, Microsoft's earnings also rose. The company's fiscal fourth quarter ended on June 30th, with an approximate profit of $0.46 a share. While this is better than their earnings the previous year ($0.31/share), analysts were hoping for just a bit more ($0.47/share). Much of its failure, according to the report, is that Microsoft still has a weak online presence. Its profits are related to their operating systems and applications.