Blow-Off Top? Or Just Another Run-Stop? AAPL 12% Drop!

Reporting after hours are: MSFT (link): EPS beats $0.76, Exp. $0.74, Revenue misses $21.46 bn vs $21.64 bn estimate Q2 Window revenue $5.88 billion Microsoft reaffirms fiscal year 2013 operating expense guidance of $30.3 billion to $30.9 billion. Entertainment and Devices Division posted revenue of $3.77 billion, down 11% Y/Y - need XBOX 1080 now? AT&T (link) EPS misses $0.44. Exp.$0.45 Revenue beat $32.58 bn vs $32.24 bn estimate Sees 2013 Revenue growth of 2%, capital spending in $21bn range In the quarter, the company activated a record 8.6 million iPhones, with 16 percent new to AT&T Says 31.7 million, of all smartphone subscribers, are on usage-based data plans vs 22.1 million a year ago May complete $300MM buyback as early as mid-year Starbux (link) EPS of $0.57 inline with expectations Revenue misses $3.8 billion vs $3.84 bn estimate Sees 2013 year end EPS ...