Against most predictions, Hulu’s CEO Jason Kilar has announced that they have been profitable for two quarters, generating a $US100 million revenue in 2009, with another $US100 million coming in the first half of 2010. Good news for online TV. [NYT]
HP reported their quarterly earnings today, and managed to beat expectations across the board, almost half a billion dollars above analyst predictions. Due to the positive news they’ve ramped up expectations for 2010 by $US1-2 billion. Suck it, recession! [ZDNet]
Apple brought Steve Jobs back to the company in December 1996. Since then, he’s been building a massive pile of cash, rolling out new product after new product.