Postcards
Power Point: If you build it, they will come
April 22, 2009: 7:24 PM ET"It could well be that we are witnesses to the birth of yet another Apple ecosystem."
-- Sanford Bernstein analyst Craig Moffett in the New York Times Wednesday. After the bell, Apple (AAPL) reported a 15% jump in second-quarter net income to $1.21 billion. Sales of the iPhone surged 123% over the last quarter, with 3.79 million units sold.
"The iPhone has quieted any skeptics who thought this was a one-time event and for only the Apple enthusiasts," Moffett said. "The iPhone App Store is creating a self-sustaining competitive advantage for Apple." The iPhone's success offset a 3% drop in Macintosh computer sales--the first decline in five years. The stock was up 3% in after-hours trading to $125.08.
Meanwhile AT&T (T), the iPhone's exclusive U.S. carrier, announced a 9.7% profit decline. But that beat expectations, and the stock rise slightly. --Jessica Shambora
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Power Point: Take the stretch assignment
"If you have a stretch assignment, just take it."
-- Sallie Krawcheck, chairman and CEO, Citi Global Wealth Managment, said this to Fortune's Geoffrey Colvin in 2006. Krawcheck was Wall Street's rising star after former Citigroup (C) CEO Sandy Weill recruited her from Sanford Bernstein in 2002 to help lift Citi's reputation. Citigroup's troubles have dimmed her prominence, but since two of Wall Street's other most powerful women, Erin Callan and MORE
Jessica Shambora, Writer-Reporter - Jul 18, 2008 2:29 PM ET
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In her first public interview since taking on the CEO gig at Yahoo, Marissa Mayer outlines her priorities both in and out of the company. Watch
Brenda Barnes famously quit a big job to be with her kids. Years later, a massive stroke nearly killed her--and her daughter returned the favor. Watch
Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.
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The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.
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