• In the month, Bing’s share increased to 11.3%, up from 10.7% in December. That’s up from 8.5% a year ago.
• Google (GOOG) fell to 65.4%, from 65.7% in December, but up from 63% a year ago.
• Yahoo (YHOO) fell to 17%, from 17.3%. That’s down from 21% a year ago.
• AOL (AOL) fell to 2.5%, from 2.6%.
• Ask.com (IACI) ticked up to 3.8%, from 3.7%.

At this rate, Bing will catch up and pass Yahoo in another year or so.

For the quarter, the company posted revenue of $117.4 million and a loss of 2 cents a share; the Street had expected $108 million a loss of 2 cents.

For Q1, the online drug and beauty supply retailer sees revenue of $117 million to $121 million, and a loss of $2.4 million to $3.5 million. The Street has been expecting Q1 revenue of $109.9 million.

In late trading, DSCM is up 15 cents, or 5.5%, to $2.90.

OPEN posted Q4 revenue of $19.2 million and profits of 14 cents a share; the Street had expected $17.7 million and 7 cents.

In late trading, OPEN is up $3.01, or 12%, to $28.

In late trade, TSRA is up 72 cents, or 4.2%, to $17.86.

Under terms of the deal, Real and MTV will each own slightly under 50%, of the equity of the new company. Real will also kick in $18 million in cash, the Rhapsody brand and certain other assets; some of Real’s cash will be used to repurchase the international radio business previously contributed to Rhapsody. MTV will contributed a $33 million advertising commitment; a previous $111 million ad commitment will be canceled.

Real expects the deal to close in Q1. On completion, the company will no longer consolidate Rhapsody in its financial results.

No word on plans to raise additional capital for the business.

RNWK in late trading is up 29 cents, or 7%, to $4.45.

For the quarter, BIDU posted revenue of $184.7 million and non-GAAP EPS of $1.88; the Street has been expecting $180 million and $1.68.

For Q1, the company sees revenue of $176 million to $181 million, ahead of the Street at $170.2 million.

In late trading, BIDU is up $38.49, or 8.9%, to $473.50.

Selectica stock is not taking this well, with shares falling a penny after hours.

Q4 revenue rose 36%, year over year, to $219 million, ahead of the average $178.4 million estimate of analysts, yielding profit per share of 34 cents versus 22 cents expected.

Gross profit as a percentage of sales held steady, year over year, at 31%, the company said.

For the current quarter, the company sees revenue of $195 million to $205 million versus the average $176 million estimate.

Revenue in the quarter was “a record in any quarter” for Netgear, chair and CEO Patrick Lo commented in the press release. Saying the company was “extremely pleased” with the results, Lo observed that revenue upside came from “better than planned market share gain in the U.S., European market year-over-year growth and higher than expected revenue contribution from new products.”

Netgear’s business from telecom service providers rose to 28% of sales, the company said, up from 25% in the prior quarter and 18% a year earlier.

The company ended the quarter with $247 million in cash and equivalents, up from $203 million a year earlier.

In late trading, FNSR is up 42 cents, or 4.1%, to $10.60.

The company, which makes discrete and analog semiconductors, posted Q4 revenue of $130.3 million, up 50% from a year ago and 7% sequentially, and ahead of the Street at $129 million. Non-GAAP EPS of 36 cents beat the Street at 29 cents.

For Q1, the company sees revenue of $131 million to $137 million, ahead of the Street at $125.5 million.

In late trading, DIOD is up 11 cents, or 0.6%, to $18.

For Q1, the company expects revenue of $55 million, a bit ahead of the Street at $54.4 million. For all of 2010, the company sees revenue up 18%, which implies $231.96 million, in line with the Street at $231.91 million.

In late trading, ULTI is unchanged at $28.84.

• C.L. King analyst Lawrence Harris this morning upped his rating on the stock to Strong Buy from Accumulate, lifting his target price to $10, from $8. He raised his FY 2010 EPS forecast to 40 cents, from 32 cents. Harris notes in a report this morning that the company is seeing signs of increasing demand for fiber-optic projects in multiple geographic regions, including China.  Harris said there has been concern that the company would be hurt by slower spending at Verizon on FiOS, but that it now appears fiber-optic back-haul projects, enterprise spending and broadband stimulus programs should offset the Verizon issue.
• Avondale Partners analyst Blair King today upped his rating to Outperform from Market Perform, while keeping an $8 price target. He upped his FY 2010 EPS forecast to 44 cents from 18 cents; for FY 2011 he goes to 76 cents from 49 cents. King cited ongoing momentum in revenue growth and improved operating leverage for the more bullish stance. “With improved economic conditions worldwide, we expect stable carrier spending to result in sustained revenue growth and reduced top-line variability, as the pace of international [optical fiber] roll-outs, stimulus and venue-driven wireless capacity and expansion business accelerates on decelerating op ex.”

ADCT today is up $1.12, or 20.8%, to $6.50.

In a research note, Needham analyst Rajvindra Gill notes that gross margin in the quarter was 19.9%, well below his estimate of 27%-30%; gross margin guidance for the March quarter also disappointed. Gill keeps a Buy rating on the stock, and sees gross margin recovery in the second half.

But investors are not encouraged: TRID is down 32 cents, or 17.7%, to $1.49.

The company reported revenue of $74.3 million, an EPS loss of 13 cents and EBITDA of $19.8 million; the Street had been looking for $75.1 million, a loss of 8 cents and EBITDA of $20.1 million.

For FY Q4, the company is forecasting revenue of $80.1 million to $85.1 million and EBITDA of $25.4 million to $30.4 million. For FY 2011, TMRK expects revenue of $335 million to $340 million and EBITDA of $95 million to $100 million; the Street had been looking for $348.6 million in revenue and $108.4 million in EBITDA.

Ergo, TMRK is down$1.13, or 14.5%, to $6.66.

PALM today is down 44 cents, or 4.5%, to $9.40.

The new feature adds a Twitter-like status update system, so you have a new way you can tell everyone what you had for lunch, or point them to the cool new videos you just found on YouTube.

The Journal is live blogging today’s launch.

GOOG today is up $3.99, or 0.8%, to $537.46.

The company is getting battered by a number of simultaneous issues. This isn’t just an EA problem; consumer spending on video gaming is still lackluster, judging by the disappointing Q4 sales at GameStop (GME), the industry’s leading retailer, and similarly crummy results at Take-Two (TTWO) and THQ (THQI).

Consumers also are shifting some of their gaming attention to offerings on mobile devices and social networks, which tend to be low-cost or free and ad-supported. While the company began to address the issue via the acquisition of social-gaming provider Playfish, the deal still leaves online gaming as a small part of overall revenue at the company. And there’s one other factor to consider: the current generation of console games are getting a long in the tooth; Microsoft (MSFT) Xbox 360 launched in 2005, while the Sony (SNE) Playstation 3 and Nintendo Wii debuted in 2006. You have to wonder if game players getting a little, well, bored with them.

The Street today slashed estimates and price targets for EA; two analysts cut ratings. Here’s a rundown:

• Sean McGowan, Needham: Rating to Hold, from Buy. “Given the growth implicit in our current estimates, we no longer see enough upside in the shares over the next year to warrant recommending purchase,” he writes. For the March 2010 year, he now sees EPS of 45 cents, down from 50 cents; for 2011, he goes to 50 cents, from $1. McGowan thinks the stock represents a potential value trap. “Until the company demonstrates the ability to show growth at or above expectations, we doubt the stock will garner a P/E high enough to push the stock well beyond its current range.”
• F. Drake Johnstone, Davenport & Co.: Rating to Sell, from Hold. He notes that despite the Playfish deal, the company expects FY 2010 digital revenue of only $575 million, or about 14% of revenue. “Given that Electronic Arts remains significantly under-exposed to the high growth online video game sector and the company expects to underperform the global video game industry in calendar 2010,” he cut the rating.
• Colin Sebastian, Lazard Capital: He notes that the weak forecast reflects “continued soft industry trends and a company still transitioning its product portfolio and business model.” Maintains a Hold rating.
• Jess Lubert, Wells Fargo Securities: Repeats Market Perform rating. “Given the difficult retail backdrop, coupled with EA’s premium valuation versus key peers, we remain cautious on the stock pending further evidence the business has stabilized and is positioned for growth.”

Note that there are still quite a few ERTS bulls:

• Evan Wilson, Pacific Crest: “Now that this guidance is out of the way, it will be more difficult for EA to disappoint investors for at least a few months,” he writes. “We were wrong in how early we expected sentiment (and numbers) to bottom. Nevertheless, we do expect a turn, and we think ERTS will benefit.”
• Andrey Glukhov, Bream Murray: Cuts target to $20, from $22, buy keeps Buy rating, and advises adding to positions on the downturn, and says guidance looks conservative.
• Atui Bagga, ThinkEquity: Keeps his Buy rating, and says the company has taken “an over-conservative approach” to guidance. He contends the low targets, improving economy, leaner costs and  better product quality set the stage for upside in FY 2011.
• Brian Pitz, UBS: Cuts target to $20, from $23, but keeps Buy rating, and says that “the company’s focus on quality games with a leaner cost structure should provide significant EPS growth in FY11.”
• Michael Pachter, Wedbush: Cuts target to $20, from $23, but keeps Buy rating. “EA has missed expectations badly for two years running, and we think that company guidance is realistically conservative.”

ERTS today is down $1.74, or 10%, to $15.75.

Earlier today, I noted that Bernstein Research this morning raised its rating on Verizon (VZ), in part based on the potential for the carrier to eventually wrest at least part of the iPhone business away from Ma Bell. But not everyone is convinced that broader U.S. distribution for the phone is coming quickly.

Pacific Crest analyst Steve Clement today writes that the outlook for extending AT&T’s exclusive distribution deal may be improving. He offers three bits of evidence:

• “The tone from Apple is improving,” and of course it is more than just tone, given they are the initial provider of of connectivity for the iPad.
• Wireless margin guidance was conservative.
• Capex guidance was aggressive.

Clement says he thinks current Street estimates largely assume AT&T will keep exclusivity through 2010; if that changes, he thinks there would be earnings upside but revenue downside. At the same time, he thinks the Street’s expectations on post-paid sub growth at around 3 million could be too high, even with iPhone exclusivity maintained.  That said, Clement maintains his Outperform rating, asserting that the company has the potential for long-term margin expansion.

Barclays Capital analyst Vijay Jayant today repeated his Equal Weight rating on AT&T, while trimming his 2010 EPS forecast to $2.19 from $2.26 to reflect margin pressure on the wireline business. Somewhat contradictorily, he adds that there is potential upside to estimates from higher smart phone penetration, iPad exclusivity and limited pension expenses. He concludes, though, that “the investor overhang still appears to center around the prospect for eventually losing iPhone exclusivity” and what that would mean for the wireless business.

T today is up 36 cents, or 1.4%, to $25.34.

Abarmsky writes in a research note that “competitive risks are lowering,” and earnings visibility is improving. “With valuation now below peers, we are now recommending the shares, foreseeing further upside on pending catalysts. He thinks the company market opportunity has been expanded by rising demand for wireless connected devices. And he thinks there will be a significant product cycle ahead as 4G service rolls out from the telcos, with the first products likely to consist of combined 3G/4G adapters.

SWIR today is up 95 cents, or 8.5%, to $12.12.

• Fortinet: Auty notes that the stock is down 21% in the last month, dropping its EV/FCF multiple to 16x, a level low enough “given its growth prospects to warrant buying the stock.” He notes that the company is a leader in the unified threat management sector, “one of security’s fastest growing spaces.” He has a $20 price target on the stock, which yesterday closed at $15.90.
• SonicWall: The analyst notes that the company, which provides security software to the SMB market, has been “creeping up market” with its higher end solutions. The result, he writes, should be “improving license and subscription revenue” just as the small business environment picks up. He thinks the current valuation “understates the true value of the franchise.” His price target on the stock is $10; yesterday, it closed at $7.22.

In today’s trading:

• FTNT is up 59 cents, or 3.7%, to $16.49.
• SNWL is up 38 cents, or 5.3%, to $7.60.