Goldman is working with NetApp (NTAP) to explore options, Bloomberg reports in an updated version of its story about Elliott Associates' stake. Not surprisingly, Elliott is said to be pushing NetApp to return cash, and to be proposing a new director slate. NetApp ($13.9B market cap) had $6.7B in cash/investments on its balance sheet as of Jan. 24, and $2.2B in debt. The company doesn't pay a dividend. Piper believes NetApp is planning to cut 1,300 jobs (~10% of its workforce) in underperforming areas such as its Engenio high-performance storage unit (acquired in 2011 from LSI). Shares +1.6% AH after jumping 6.1% in regular trading. [View news story]
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
Keep splitting hairs if you want. The posts unequivocally demonstrate "boasts" is often used when covering such announcements.
A tremendous number of Market Currents are provided featuring positive news and commentary about Apple (including the first half of this one). But it's clear from your posting history Apple is a religion for you as much as a company, and that anything short of constant praise and positive coverage will lead to insults and accusations of bias. You're not going to find that on Market Currents for Apple or any other stock.
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
Using the same descriptive verb two sentences in a row generally doesn't make for good writing. It could've just as easily been "Apple announces" and "Google boasted."
Of course, then some Apple fans would be claiming bias on grounds the Google news is being portrayed as something worth bragging about, and the Apple news isn't.
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
I guess "shots" are being taken at all those companies as well. Only an investor with a persecution complex regarding a stock (sadly the case for a minority of Apple investors) would think "boasts" amounts to any kind of unfair portrayal for a positive announcement being made by a company.
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
If you think using the word "boasts" amounts to taking a shot at Apple, I feel sorry for you.
Pandora (P) -3.6% AH following reports Google (GOOG) will launch subscription-based music services - a Spotify-like service, and a YouTube music video service - with at least the former service launching tomorrow. Neither appears to directly compete with Pandora's ad-supported online radio service (which thus far hasn't been hurt badly by Spotify's growth), particularly given an NYT report stating the Spotify-like service won't include a free tier. However, the YouTube service would be a unique market entry, one backed by a site with enormous reach. It would need an audio-only option to keep a lid on battery drain and mobile data usage; a WSJ report suggests Google is looking to offer one. [View news story]
Thanks for the link. It's a couple months old, but does suggest a free service could be in the cards.
I'm pretty sure a lot more than 2%-3% of music video content is now on YouTube, particularly when weighted for popularity. Aside from the stuff posted by the studios themselves, a lot of videos are monetized via ContentID.
Pandora (P) -3.6% AH following reports Google (GOOG) will launch subscription-based music services - a Spotify-like service, and a YouTube music video service - with at least the former service launching tomorrow. Neither appears to directly compete with Pandora's ad-supported online radio service (which thus far hasn't been hurt badly by Spotify's growth), particularly given an NYT report stating the Spotify-like service won't include a free tier. However, the YouTube service would be a unique market entry, one backed by a site with enormous reach. It would need an audio-only option to keep a lid on battery drain and mobile data usage; a WSJ report suggests Google is looking to offer one. [View news story]
I think the YouTube service is intriguing (particularly if audio-only is an option), but I'm not seeing anything in the link calling it free. The author simply says a free YouTube service would be a big deal. Everything I've read suggests it'll be a subscription service (makes sense, since studios and artists already make plenty off ad-supported YouTube/Vevo videos).
Facebook (FB) roundup: 1) Calcalist reports Facebook's buyout talks with Waze have stalled over Waze's insistence on maintaining its Israeli R&D center and keeping all its employees in the country (translation). 2) Another executive departure: Larry Yu, Facebook's PR chief for the last 5 years, is leaving to join a startup. 3) It's not exactly House of Cards, but Facebook is ramping its investment in its Facebook Live original programming series; Live typically features celebrity interviews and instructional videos. 4) BGR reports AT&T is planning to discontinue the HTC First (the closest we've gotten to a Facebook phone) less than a month after its launch. The First's ho-hum specs could be a factor, but chances are Facebook Home's underwhelming debut is as well. [View news story]
Yes. Here are a couple of examples. There are many others:
BlackBerry (BBRY) +1.2% after Barron's provides a semi-favorable writeup about the potential of its BES 10 mobile device management (MDM) platform and network operations centers. The fact BlackBerry can pair its MDM software with a secure network could give it an edge, Barron's notes. However, it also points out MDM competition from startups (AirWatch, MobileIron) and bigger IT names (SAP, Citrix) is intense - Airwatch's chairman argues BES 10 is still "woefully behind" in supporting advanced management features for iOS/Android, such as FIPS 140 encryption. [View news story]
It looks like AirWatch's chairman is talking about supporting FIPS 140 for iOS/Android hardware managed by BES 10, rather than not supporting it altogether.
Another day, another Yahoo (YHOO) acqui-hire is announced. The target this time is mobile game developer Loki Studios, whose engineering team will be joining Yahoo. Surveying the non-stop purchases, Pando Daily's Erin Griffith declares Yahoo has become "a safe haven for VC rejects." Specifically, consumer-facing startups featuring "talented teams of fewer than 10 employees," but which lack "any truly notable traction," and have been unable to obtain a Series A funding round. (yesterday) [View news story]
What she means is the companies weren't able to obtain a Series A funding round from VCs (and thus had to look for a buyer), not that they didn't receive any funding.
Groupon (GRPN): Q1 EPS of -$0.03 in-line. Revenue of $601.4M (+8% Y/Y) beats by $12.5M. Expects Q2 revenue of $575M-$625M vs. $616.1M consensus. Expects Q2 operating income of $20M-$40M, reaffirms 2013 GAAP operating income guidance of $100M+. Shares +12.2% AH. (PR) [View news story]
You're right. An information source was off, the post has been corrected.
Palo Alto Networks (PANW -1%) closes modestly lower in the wake of Intel's (INTC) deal to buy Finnish security hardware vendor Stonesoft. Stonesoft's product line includes next-gen firewalls, and though its presence in this space doesn't compare with PANW's, Intel's resources and McAfee's security software (could allow for richer content analysis) stands to make it a tougher rival. Stonesoft, which relies on a security engine that can be modified to support different types of hardware, also makes intrusion prevention systems, but shares of Sourcefire (FIRE +0.5%), the leader in this market, have closed slightly higher. [View news story]
The post calls them the leader in the IPS market, not the NGFW market.
Palo Alto Networks (PANW -1%) closes modestly lower in the wake of Intel's (INTC) deal to buy Finnish security hardware vendor Stonesoft. Stonesoft's product line includes next-gen firewalls, and though its presence in this space doesn't compare with PANW's, Intel's resources and McAfee's security software (could allow for richer content analysis) stands to make it a tougher rival. Stonesoft, which relies on a security engine that can be modified to support different types of hardware, also makes intrusion prevention systems, but shares of Sourcefire (FIRE +0.5%), the leader in this market, have closed slightly higher. [View news story]
Yes, they are. The question is whether their software can strengthen Stonesoft's NGFW product line.
A very bullish presentation from Longboard Asset Management helped Tesla (TSLA +7.4%) rally today. Calling Tesla the auto industry version of Apple (others have made that analogy in some form) due to its brand, management, and disruptive impact (among other things), Longboard predicts shares will hit $100 within 18 months and $200 within 5 years. The firm expects Tesla to grab 80% of the global EV market, praises the company's engineering skill, and expects a heavy short interest (44% of the free float is shorted) to help fuel a rally. (slides) Update: SA commenters report having seen Longboard's presentation earlier. However, it was only today that it received media coverage. [View news story]
Thanks for the heads-up. ValueWalk and Business Insider both reported on the presentation today, with ValueWalk saying it was published today.
A very bullish presentation from Longboard Asset Management helped Tesla (TSLA +7.4%) rally today. Calling Tesla the auto industry version of Apple (others have made that analogy in some form) due to its brand, management, and disruptive impact (among other things), Longboard predicts shares will hit $100 within 18 months and $200 within 5 years. The firm expects Tesla to grab 80% of the global EV market, praises the company's engineering skill, and expects a heavy short interest (44% of the free float is shorted) to help fuel a rally. (slides) Update: SA commenters report having seen Longboard's presentation earlier. However, it was only today that it received media coverage. [View news story]
Goldman is working with NetApp (NTAP) to explore options, Bloomberg reports in an updated version of its story about Elliott Associates' stake. Not surprisingly, Elliott is said to be pushing NetApp to return cash, and to be proposing a new director slate. NetApp ($13.9B market cap) had $6.7B in cash/investments on its balance sheet as of Jan. 24, and $2.2B in debt. The company doesn't pay a dividend. Piper believes NetApp is planning to cut 1,300 jobs (~10% of its workforce) in underperforming areas such as its Engenio high-performance storage unit (acquired in 2011 from LSI). Shares +1.6% AH after jumping 6.1% in regular trading. [View news story]
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
A tremendous number of Market Currents are provided featuring positive news and commentary about Apple (including the first half of this one). But it's clear from your posting history Apple is a religion for you as much as a company, and that anything short of constant praise and positive coverage will lead to insults and accusations of bias. You're not going to find that on Market Currents for Apple or any other stock.
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
Of course, then some Apple fans would be claiming bias on grounds the Google news is being portrayed as something worth bragging about, and the Apple news isn't.
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
http://seekingalpha.co...
Or a Facebook announcement?
http://seekingalpha.co...
Or a France Telecom announcement?
http://seekingalpha.co...
I guess "shots" are being taken at all those companies as well. Only an investor with a persecution complex regarding a stock (sadly the case for a minority of Apple investors) would think "boasts" amounts to any kind of unfair portrayal for a positive announcement being made by a company.
App store downloads have topped 50B, Apple (AAPL) boasts. The announcement comes 14 months after downloads hit 25B. Google announced earlier today Play downloads have passed 48B and totaled 2.5B last month. ABI estimated in March Apple's 2013 App Store revenue (exc. payouts) would be near $4.9B. Also: Susquehanna has started coverage with a Hold and $480 PT: the firm thinks a bigger iPhone is crucial (it doesn't expect one at least until Q1 2014), and worries iPad sales could miss consensus. (earlier) [View news story]
Pandora (P) -3.6% AH following reports Google (GOOG) will launch subscription-based music services - a Spotify-like service, and a YouTube music video service - with at least the former service launching tomorrow. Neither appears to directly compete with Pandora's ad-supported online radio service (which thus far hasn't been hurt badly by Spotify's growth), particularly given an NYT report stating the Spotify-like service won't include a free tier. However, the YouTube service would be a unique market entry, one backed by a site with enormous reach. It would need an audio-only option to keep a lid on battery drain and mobile data usage; a WSJ report suggests Google is looking to offer one. [View news story]
I'm pretty sure a lot more than 2%-3% of music video content is now on YouTube, particularly when weighted for popularity. Aside from the stuff posted by the studios themselves, a lot of videos are monetized via ContentID.
http://bit.ly/16ftfUZ
Pandora (P) -3.6% AH following reports Google (GOOG) will launch subscription-based music services - a Spotify-like service, and a YouTube music video service - with at least the former service launching tomorrow. Neither appears to directly compete with Pandora's ad-supported online radio service (which thus far hasn't been hurt badly by Spotify's growth), particularly given an NYT report stating the Spotify-like service won't include a free tier. However, the YouTube service would be a unique market entry, one backed by a site with enormous reach. It would need an audio-only option to keep a lid on battery drain and mobile data usage; a WSJ report suggests Google is looking to offer one. [View news story]
Facebook (FB) roundup: 1) Calcalist reports Facebook's buyout talks with Waze have stalled over Waze's insistence on maintaining its Israeli R&D center and keeping all its employees in the country (translation). 2) Another executive departure: Larry Yu, Facebook's PR chief for the last 5 years, is leaving to join a startup. 3) It's not exactly House of Cards, but Facebook is ramping its investment in its Facebook Live original programming series; Live typically features celebrity interviews and instructional videos. 4) BGR reports AT&T is planning to discontinue the HTC First (the closest we've gotten to a Facebook phone) less than a month after its launch. The First's ho-hum specs could be a factor, but chances are Facebook Home's underwhelming debut is as well. [View news story]
http://seekingalpha.co...
http://seekingalpha.co...
BlackBerry (BBRY) +1.2% after Barron's provides a semi-favorable writeup about the potential of its BES 10 mobile device management (MDM) platform and network operations centers. The fact BlackBerry can pair its MDM software with a secure network could give it an edge, Barron's notes. However, it also points out MDM competition from startups (AirWatch, MobileIron) and bigger IT names (SAP, Citrix) is intense - Airwatch's chairman argues BES 10 is still "woefully behind" in supporting advanced management features for iOS/Android, such as FIPS 140 encryption. [View news story]
Another day, another Yahoo (YHOO) acqui-hire is announced. The target this time is mobile game developer Loki Studios, whose engineering team will be joining Yahoo. Surveying the non-stop purchases, Pando Daily's Erin Griffith declares Yahoo has become "a safe haven for VC rejects." Specifically, consumer-facing startups featuring "talented teams of fewer than 10 employees," but which lack "any truly notable traction," and have been unable to obtain a Series A funding round. (yesterday) [View news story]
Groupon (GRPN): Q1 EPS of -$0.03 in-line. Revenue of $601.4M (+8% Y/Y) beats by $12.5M. Expects Q2 revenue of $575M-$625M vs. $616.1M consensus. Expects Q2 operating income of $20M-$40M, reaffirms 2013 GAAP operating income guidance of $100M+. Shares +12.2% AH. (PR) [View news story]
Palo Alto Networks (PANW -1%) closes modestly lower in the wake of Intel's (INTC) deal to buy Finnish security hardware vendor Stonesoft. Stonesoft's product line includes next-gen firewalls, and though its presence in this space doesn't compare with PANW's, Intel's resources and McAfee's security software (could allow for richer content analysis) stands to make it a tougher rival. Stonesoft, which relies on a security engine that can be modified to support different types of hardware, also makes intrusion prevention systems, but shares of Sourcefire (FIRE +0.5%), the leader in this market, have closed slightly higher. [View news story]
Palo Alto Networks (PANW -1%) closes modestly lower in the wake of Intel's (INTC) deal to buy Finnish security hardware vendor Stonesoft. Stonesoft's product line includes next-gen firewalls, and though its presence in this space doesn't compare with PANW's, Intel's resources and McAfee's security software (could allow for richer content analysis) stands to make it a tougher rival. Stonesoft, which relies on a security engine that can be modified to support different types of hardware, also makes intrusion prevention systems, but shares of Sourcefire (FIRE +0.5%), the leader in this market, have closed slightly higher. [View news story]
A very bullish presentation from Longboard Asset Management helped Tesla (TSLA +7.4%) rally today. Calling Tesla the auto industry version of Apple (others have made that analogy in some form) due to its brand, management, and disruptive impact (among other things), Longboard predicts shares will hit $100 within 18 months and $200 within 5 years. The firm expects Tesla to grab 80% of the global EV market, praises the company's engineering skill, and expects a heavy short interest (44% of the free float is shorted) to help fuel a rally. (slides) Update: SA commenters report having seen Longboard's presentation earlier. However, it was only today that it received media coverage. [View news story]
http://bit.ly/ZMMiCz
http://read.bi/10ojlr7
A very bullish presentation from Longboard Asset Management helped Tesla (TSLA +7.4%) rally today. Calling Tesla the auto industry version of Apple (others have made that analogy in some form) due to its brand, management, and disruptive impact (among other things), Longboard predicts shares will hit $100 within 18 months and $200 within 5 years. The firm expects Tesla to grab 80% of the global EV market, praises the company's engineering skill, and expects a heavy short interest (44% of the free float is shorted) to help fuel a rally. (slides) Update: SA commenters report having seen Longboard's presentation earlier. However, it was only today that it received media coverage. [View news story]