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Investors Panic Over Petering iPhone Popularity
January 15, 2013
Apple stock has fallen below the $500 mark on news that it reduced orders of iPhone 5 screens, and possibly screens for other devices. Many see the revised orders as cause for alarm, and investors have driven the stock to a closing price of $485.92, the first time it's been priced below $500 since Feb. 16 of last year.
Nokia Gets Its Mojo Working
January 11, 2013
Nokia posted a banner Q4 on Thursday, fueled in large part by brisk sales of the Lumia smartphone. The news was a pleasant surprise to shareholders as the company had forecast a loss as recently as October. Of the total 86.3 million devices sold, 4.4 million units were from the Lumia line, a significant uptick from the 2.9 million Lumias sold in Q3.
Amazon's Big Wheels Keep on Rollin'
January 08, 2013
Amazon's stock price reached an all-time high of $268.98 per share on Monday -- a far far cry from its debut at $16 per share 16 years ago. The stock was off only slightly on Tuesday, closing at $266.38. The company's share price has been steadily climbing. Monday's spike of 4 percent followed an upgrade from Morgan Stanley analyst Scott Devitt, who raised his target for Amazon to $325.
Facebook Sizzles on Wall Street Analyst's Bump
January 02, 2013
After an arguably crummy 2012 for Facebook, it is kicking off 2013 on a positive note: J.P. Morgan raised its price target on the social network giant from $29 to $35 at the start of the year, citing the progress the company has made with its mobile advertising business unit.
RIM Takes a Beating on Flabby Q3 Report
December 21, 2012
RIM delivered a mixed bag of news in its latest quarterly earnings, prompting the phone maker's stock to drop on Thursday by some 17 percent. The so-so report reignited fears that RIM will remain a marginal company, even if its upcoming BlackBerry 10 OS is a blockbuster success.
Is Wall Street Disenchanted With Apple?
December 18, 2012
These days, it seems Apple can do no right on Wall Street. The latest snub came from Citigroup, which downgraded the company to "neutral" from "buy" on Sunday. More significantly, the price target was dropped by $100 to a modest $575 per share. Citi analyst Glen Yueng questioned the strength of the iPhone 5, pointing to cuts Apple made with its suppliers.
SolarCity's on Fire
December 14, 2012
SolarCity enjoyed a much better IPO than some of its green industry peers have had in recent months. Its stock rose 47 percent on Thursday, netting about $92 million for the day. SolarCity opened at $8, skyrocketed to about $15, and closed at $11.79 per share. The stock continued to perform well on Friday, trading around $12 at midday. SolarCity finances and installs solar equipment.
Apple Cozies Up to Google for Kodak Patent Deal
December 12, 2012
In what may seem like an unlikely partnership, Apple and Google -- fierce rivals that have gone head-to-head in patent battles -- might be teaming up to buy Kodak's patents and help it avoid bankruptcy. Apple and Google reportedly are offering the camera company more than $500 million for 1,100 patents.
Apple Takes a Dizzying Plunge on Wall Street
December 06, 2012
In one day this week, Apple's stock dropped by almost 7 percent -- its biggest single-day loss in four years, and a highly unusual development for this rock-star device maker that not too long ago launched the new iPhone 5. The decline moves Apple closer to the so-called death cross -- the point at which a stock's long- and short-term trend lines start to head down.
Pandora Slides Toward Fiscal Cliff
December 05, 2012
Speculation about Pandora's future is running high again with the company's release of its Q3 earnings and, more importantly, guidance for the fourth quarter and fiscal year 2013. For the third quarter of fiscal 2013, Pandora posted total revenue of $120 million, a 60 percent year-over-year increase. Advertising revenue was $106.3 million, a 61 percent year-over-year increase.
RIM's Rally May Be Short-Lived
November 30, 2012
Goldman Sachs has given Research In Motion a thumbs up -- relatively speaking -- telling investors on Thursday that there was a "30 percent chance" the company's long-awaited BlackBerry 10 smartphones would be a success. The investment bank upgraded the stock from "neutral" to "buy." It also lifted the 12-month price target from $9 to $16.
Fur Flies Over Autonomy's Alleged Cooked Books
November 28, 2012
There's apparently little inclination to wait for the legal system to establish who wronged whom with respect to the allegations that Autonomy committed accounting sleight of hand prior to being acquired by HP. Both HP and the erstwhile head of Autonomy are making their claims and counterclaims public. Mike Lynch, founder of Autonomy, came out swinging in an open letter to HP's board of directors.
HP Clobbered by Autonomy Disaster
November 20, 2012
HP released its fourth quarter earnings report, bearing out CEO Meg Whitman's warning last month. It is not pretty. Whitman warned that the company's turnaround wouldn't materialize until the end of fiscal year 2014. What she didn't say was that some of its expected decline would be exacerbated by improprieties on the part of recently acquired Autonomy.
Storm Clouds Clear Over Facebook
November 15, 2012
In a year when precious little seems to have gone right for Facebook, Wednesday was the day an employee lockup on selling some 800 million shares expired. The stock was expected to drop, perhaps dramatically, as a result -- but it didn't. For the most part, Facebook shares hung tough -- increasing by some 11 percent to close the day at $22.36 and trading at around $22 through mid-day Thursday.
Groupon Loses Its Grip
November 12, 2012
Groupon reported disappointing earnings for the third quarter, and shareholders soundly punished the company as a result. It posted a net loss of $3 million, compared with $54.2 million in the same quarter in 2011. Third-quarter revenue clocked in at $568.6 million, compared with $430.2 million a year earlier. However, analysts had expected revenue of $590 million.
Following the Mobile CRM Money Trail
November 09, 2012
Mobile CRM and its related technologies have intrigued developers and users alike for years. However, it wasn't until Facebook announced it would acquire Instagram for an eye-popping $1 billion that the money began to pour into this space. "That was the transaction that crystallized for us and a lot of folks that mobile is a hot growth area deserving of investment," said CB Insights' Anand Sanwal.
Netflix Meets Icahn Incursion With Poison Pill Defense
November 05, 2012
Hostile takeovers can be a bitter pill to swallow, but Netflix has adopted a "stockholder rights plan" -- also known as a "poison pill" -- to prevent activist shareholders from taking control. It could be a bitter pill for Carl Icahn, who last week bought a nearly 10 percent stake in the struggling company.
Groupon Wheezes Into Year 2
November 05, 2012
Just in time for its one-year anniversary of being a public company, Groupon's response to an SEC inquiry into its accounting practices was made public. It was an inauspicious reminder that to regulators and investors, Groupon -- once the tech industry's golden child -- remains a question mark.
Icahn Sets the Earth Trembling Under Netflix
November 01, 2012
Billionaire investor and activist shareholder Carl Icahn has acquired a 10 percent stake in Netflix, according to a Wednesday filing with the SEC. The value of the 5.5 million shares is about $169 million. Icahn Capital believes that Netflix is undervalued and positioned for expansion both in the U.S. and overseas, according to the filing.
Cook Mixes a New Apple Brew
October 31, 2012
While investors no doubt faced uncertainty on Wednesday as the New York stock markets opened after shutting down for two days due to Hurricane Sandy, the uncertainty over Apple's stock was for another reason altogether. News surfaced on Monday that Apple iOS software chief Scott Forstall was forced out after he reportedly refused to sign an apology for the flaws in the Maps app.

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