VIA CNBC:

 VIA CNBC:

Shares of Netflix soared more than 8% in extended trading Wednesday after the company released its earnings report for the third quarter. The company reported mixed results, with an earnings beat and a miss on domestic subscriber adds, while revenue slightly missed analysts' expectations.
Here are the results vs. expectations:
Earnings per share: $1.47 vs. $1.04 expected, per Refinitiv estimates
Revenue: $5.24 billion vs. $5.25 billion expected, per Refintiv
Domestic paid subscriber additions: 517,000 vs. 802,000 expected, per FactSet estimates
International paid subscriber additions: 6.26 million vs. 6.05 million expected, per FactSet.
For the fourth quarter, Netflix expects to report earnings of 51 cents per share on revenue of $5.4 billion. The company is projecting 7.6 million global net adds for the fourth quarter, compared to 8.8 million in the same quarter one year earlier.
Netflix previously forecast paid net adds would increase year over year, but it's now adjusting estimates to reflect an increased difficulty to project its future content slate, "minor elevated churn" due to pricing changes and increasing competition.
In its letter to shareholders, Netflix addressed the onslaught of new streaming services that are set to arrive later this year, including Disney's Disney+ and Apple's Apple TV+, as well as NBCUniversal's Peacock and WarnerMedia's HBO Max. The company warned the launch of these new services will be "noisy" and it could generate "modest headwinds" in the near term.
"Many are focused on the 'streaming wars,' but we've been competing with streamers (Amazon, YouTube, Hulu) as well as linear TV for over a decade," the company said. "The upcoming arrival of services like Disney+, Apple TV+, HBO Max, and Peacock is increased competition, but we are all small compared to linear TV. While the new competitors have some great titles (especially catalog titles), none have the variety, diversity and quality of new original programming that we are producing around the world."
Netflix also touched on its content strategy as the streaming wars continue to heat up, saying it's not afraid to take "bold swings" when necessary, but that it won't "chase every deal on the table." The company said its multi-billion-dollar content budget and robust subscriber base allow it to pursue a variety of different projects.
Even with a bevy of streaming services available, Netflix subscribers are still tuning into original series like "Stranger Things." The company said the third season of "Stranger Things," which debuted in July, was the most viewed season yet with 64 million accounts watching it in the first four weeks.
Starting in the fourth quarter, Netflix will break out revenue and membership numbers into several regions, including Asia Pacific, Europe, Middle East and Africa, Latin America and the US and Canada.
This story is developing. This was posted without permission. 

TRANSISTORS BY THE NUMBERS:

 

1926: The year Julius Edgar Lilienfeld patented a field-effect transistor. It could not be built at the time.

1947: Point-contact transistor invented by American physicists John Bardeen, Walter Brattain, and William Shockley.

1954: The first working silicon transistor was developed at Bell Labs on January 26. First commercial silicon transistor was produced by Texas Instruments that same year.

1954: The first "production" pocket transistor radio was the Regency TR-1, released in October. Produced as a joint venture between the Regency Division of Industrial Development Engineering Associates, I.D.E.A. and Texas Instruments of Dallas Texas, It was a near pocket-sized radio featuring 4 transistors and one germanium diode. the TR-1 was manufactured in Indianapolis, Indiana.

1955: Chrysler announced that the new line of 1956 Chrysler and Imperial cars, would have the first transistor in dash radios replacing vacuum tube ones. The cars hit the dealership showroom floors on October 21.

1956: Bardeen, Brattain, and Shockley shared the Nobel Prize in Physics for their transistor achievement.

1960: The first MOSFET actually built at Bell Labs.

2SB54: The most commonly used audio frequency PNP transistor used in radios.

SC-72: a common "through hole" transistor.

3 BILLION: The amount of MOSFET transistors in an advanced microprocessor circa 2009.

60 MILLION: The amount of transistors built in 2002. for [each] man, woman, and child on Earth. https://twitter.com/cyberlineusa #Radio #Tech #Technology #CyberLine #CyberLineNet #MickWilliams #Internet #Scifi #CyberLineUSA See less