In a recent segment of Talking numbers, hosted by CNBC and Yahoo! Finance, Zachary Karabell, Envestnet’s head of global strategy and CNBC Contributor, and John Kosar of Asbury Research, shared their opinions and views of the recent Apple Inc. (NASDAQ:AAPL)’s share price reaching and surpassing of the psychological $100 per share, for the first time since September 2012. Apple Inc. (NASDAQ:AAPL) thus has a market capitalization of more than $600 billion, as its new version of iPhone 6 is soon arriving, with the announcement set up for September 9, possibly together with its completely new product – the iWatch. Kosar was first to…
Author: Antonio B.
In an interesting Fast Money segment on CNBC, two traders, FMHR Dr. J and Mike Murphy were given 90 seconds to discuss their views on where the Hewlett-Packard Company (NYSE:HPQ)’s stock price is heading in the short term, i.e. if the stock price has more room to run, being up for 25% since the start of the year. Dr. J said: “Absolutely more room to run. Nine times forward P/E for this stock”, adding Best Buy Co Inc (NYSE:BBY)’s recent statement that tablets sales are plummeting and that the PC sales are increasing dramatically, something that also can be seen by…
According to a report from the Wall Street Journal, Amazon.com Inc (NASDAQ:AMZN) said it plans to set up operations in Shanghai’s new free-trade zone. The major move will allow it to sell more merchandise from abroad in China. Chinese consumers will now be able to import bags and books, which normally were available for delivery only in other countries, thanks to a deal with authorities in the free trade zone. The move will also help the Seattle-based online shopping platform to compete better against rivals in China’s estimated $300 billion online shopping market competitors. Amazon.com Inc (NASDAQ:AMZN)’s major rival in…
According to an article by Kelly Hodgkins on MacRumors, Apple Inc. (NASDAQ:AAPL) did not provide a sixth beta of its iOS 8 mobile operating system it uses for its iPhone products, to developers. This came despite the company releasing a sixth developer preview of OS X Yosemite, the eleventh version of OS X, its operating system used on its Macintosh computers. Hodgkins said that this means that Apple Inc. (NASDAQ:AAPL)’s last seeded iOS 8 Beta 5, released earlier this month, may turn out to be the final build released to developers before the golden master release. She also mentions reports…
Mike Butcher, editor at large at TechCrunch, reflected in CNBC’s TechCheck on the last ten years since Google Inc (NASDAQ:GOOG) became a publicly traded company. Butcher recalled the “very odd structured deal with IPO Dutch auction,” with founders coming out saying things like “don’t be evil”, which was an unusual thing that Steve Ballmer then called “a one trick ponny”. He added that back then, when the company was making the IPO ten years ago, it was not obvious Google Inc (NASDAQ:GOOG) was different and that no one knew what it was capable of. He said the company took advantage of the growth in…
According to the article by Chris Ciaccia from TheStreet, Tesla Motors Inc (NASDAQ:TSLA)’s recent modification of the warranty on the Model S drive unit to unlimited mileage and the battery pack for eight years will help the electric auto sector by making people rethink it. Tesla Motors Inc (NASDAQ:TSLA)’s CEO Elon Musk wrote in a blog post on the company’s website: “The Tesla Model S drive unit warranty has been increased to match that of the battery pack. That means the 85 kWh Model S, our most popular model by far, now has an 8 year, infinite mile warranty on…
Eric Jackson, a Yahoo! Inc. (NASDAQ:YHOO) shareholder and Ironfire Capital founder & managing partner, discussed during today’s CNBC’s Squawk Alley Yahoo! Inc. (NASDAQ:YHOO)’s CEO Marissa Mayer role in Yahoo! Inc. (NASDAQ:YHOO)’s price rise in the past two years since she took over as a CEO. CNBC’s Jon Fortt asked Jackson to confirm that he, like many others, argues that the “rise in Yahoo! Inc. (NASDAQ:YHOO)’s price is due to Alibaba, and not due to Yahoo! Inc. (NASDAQ:YHOO)’s core business”, and asked him if he thought Yahoo! Inc. (NASDAQ:YHOO) was undervalued. Jackson said that the stock is “certainly undervalued”, adding that…
According to a report from The New York Times, more than 1,000 writers from Germany, Austria and Switzerland, supported by several hundred artists and readers, have signed an open letter to the online retailer Amazon.com, Inc. (NASDAQ:AMZN), which attacks its trustworthiness and accuses it of manipulating its recommendation lists and lying to customers about the availability of books published by the Swedish-based publisher Bonnier group and the authors who are published under its name. “Amazon’s customers have, until now, had the impression that these lists are not manipulated and they could trust Amazon. Apparently that is not the case. Amazon…
According to an article on 9to5mac by Mike Beasley, Apple Inc. (NASDAQ:AAPL)’s senior directors are facing a new lawsuit over its illegal anti-poaching agreement they had in place with at least 25 other companies, which did not include only the most important names in the tech sector, but also some companies from other sectors as well, such as Nike Inc (NYSE:NKE). Illegal agreements, Apple Inc. (NASDAQ:AAPL) was allegedly having with more than two dozen of companies, meant that Apple Inc. (NASDAQ:AAPL) and other companies were avoiding hiring each other’s engineers, suppressing in that way employees’ wages, while avoiding the risk…
Intel Corporation (NASDAQ:INTC) announced today in a press release on its website a collaboration to develop “the first heart-pounding personal audio system converging lifestyle and technology innovation for an exceptional fitness experience” with SMS Audio LLC, a premier audio headphone and accessories brand, founded by American rapper Curtis Jackson, known by his stage name “50 cent”. Intel Corporation (NASDAQ:INTC) will power the multifunctional device that is designed to bring a high-quality sound, comfort and fashion to athletes of all levels. The device will be available in the last quarter of the year, according to the statement. The SMS Audio Biosport In-Ear-Headphones will…
Bloomberg’s Erik Schatzker and Paul Kedrosky analyzed Cisco Systems, Inc. (NASDAQ:CSCO) for Bloomberg TV. Schatzker pointed out how the company is being in a turnaround since 2009. During this period, Cisco has cut over 25.000 jobs. He said that Cisco Systems, Inc. (NASDAQ:CSCO) does not know where the growth is going to come from, even though they know there are opportunities in the cloud and software. He said the company simply does not have products to satisfy the demand. Paul Kedrosky commented on the first sales decline in five years. Kedrosky, who holds a Ph.D. in the economics of technology, said that the…