Bloomberg’s Jon Erlichman talked about Amazon.com, Inc (NASDAQ:AMZN)’s budget and capabilities of making its own TV shows in a program. He said that unlike what most people think, Amazon has extraordinary budget and resources for making its TV shows and it’s no less than any TV show mogul like HBO or other mainstream TV channels. He said that Amazon is now taking TV show production very seriously and sees a lot of potential revenue in it. Amazon.com, Inc (NASDAQ:AMZN) TV show production has been dull since a past few months, but it’s likely to get a boost in the coming…
Author: Sean Johnson
Federal Reserve Chairwoman, Janet Yellen, talk in front of the Senate Banking Committee on Tuesday has caused a stir amid her claims that most of the mainstream technology and social media stocks are over stretched. The effect of her speech was quick, Facebook Inc (NASDAQ:FB) and salesforce.com, inc (NYSE:CRM) stocks fell 1.5% and Twitter Inc (NYSE:TWTR) came down by 0.6%. Many social media companies have recently published their quarterly reports and Yellen’s reaction was based on these reports. Yellen said that Equity valuations of smaller firms as well as social media and biotechnology firms are stretched. Discussing this issue in a…
Apple Inc (NASDAQ:AAPL) has announced that it is acquiring FPT Corp., Vietnam’s biggest listed information and communication Technology Company. This is an effort by Apple Inc (NASDAQ:AAPL) to cease the third world market as Vietnam is regarded as a growth hungry market with a strong potential user base for the technology sector. Apple Inc (NASDAQ:AAPL) is likely to beat Samsung sales in the region with this move because Apple Inc (NASDAQ:AAPL) devices are considered as a status symbol here and people will rush to buy Apple products. In a program, Bloomberg’s Haslinda Amin reported about Apple’s new partnership and strategies…
Apple Inc (NASDAQ:AAPL) and International Business Machines Corp (NYSE:IBM) have announced that they will be producing special products and services for the Enterprises. International Business Machines Corp (NYSE:IBM) has said that it will sell special iPads and iPhones for the industry that are pre-loaded with Enterprise software. This deal is a major breakthrough for the tech giants and will allow them to make a major space in the industry. Discussing the implications of this in a program, Bloomberg Contributing Editor, David Kirkpatrick, said that Microsoft Corporation (NASDAQ:MSFT) and Google Inc (NASDAQ:GOOGL) are really worried about this deal as they will…
World’s famous streaming service Netflix, Inc (NASDAQ:NFLX) was once a DVD-by-mail service, but hardly anyone remembers this, thanks to the smart and slow approach by Netflix to peel off the DVD tag from its brand and evolve as a pure streaming service. Netflix, Inc (NASDAQ:NFLX) DVD business was doomed for an end since long time ago and company had the plans for a smart retrieve in this domain. Netflix wants to focus completely on streaming business instead of dividing its efforts in DVD sector. Streaming and live content delivery is the future and Netflix knew this fact. It can be…
Apple Inc (NASDAQ:AAPL) and International Business Machines Corp (NYSE:IBM) have announced a rattling deal according to which, both the tech giants will be launching around 100 enterprise apps & cloud services to the iPhone and iPad and a new AppleCare service specifically for enterprise customers. The products will be dubbed as IBM MobileFirst for iOS Solutions. International Business Machines Corp (NYSE:IBM) has said that it will soon selling iPads that are pre-loaded with these enterprise services. This announcement has been perceived as an effort by both tech giants to cope up with a company that has long ruled the corporate…
Media moguls are really active these days in the Sun Valley as Time Warner Inc (NYSE:TWX) is the focus of their attention and apparently a battle might start between Google Inc (NASDAQ:GOOGL) and Twenty-First Century Fox Inc (NASDAQ:FOXA) on who takes the biggest media pie under its belt. Today, Time Warner Inc (NYSE:TWX) rejected an $80 billion offer made by Twenty-First Century Fox Inc (NASDAQ:FOXA). In a statement, Time Warner Inc (NYSE:TWX) said that the company “is superior to any proposal that Twenty-First Century Fox is in a position to offer.” Discussing the Fox bid and possible and chances of Time…
In a program on CNBC, Jason Yap, CEO of Travelzoo Inc (NASDAQ:TZOO) Asia Pacific talked about his company strategy about travel business and how Travelzoo Inc (NASDAQ:TZOO) is using target marketing skills to enhance its canvas of reach around the globe. He said that the economic slowdown is not effecting the growth of his company because when the pressure builds, people want to travel a little bit more. Yap said that awareness among the young generation is expanding about the importance of travelling and leisure time and his company is crafting efficient strategies to get the most out of this…
Microsoft Corporation (NASDAQ:MSFT) is about to announce its biggest job cut in five years. Microsoft Corporation (NASDAQ:MSFT) CEO, Satya Nadella, already hinted this in his long memo which was emailed to Microsoft employees recently. The job cuts will be from Nokia handset business, as well as marketing and engineering divisions. Some of the marketing job losses are expected to hit Microsoft’s European Xbox team based in Reading. Discussing this major decision by Microsoft Corporation (NASDAQ:MSFT) in a program, Bloomberg’s Anurag Rana said that this job cut is a part of Nadella’s new strategy to move on and make Microsoft a…
Michael Kors Holdings Ltd (NYSE:KORS) stock plunged massively and lost 7.2% on Tuesday. Shares of Michael Kors have been downgraded by many experts to ‘Hold’ or ‘Sell.’ Many investors have degraded Michael Kors Holdings Ltd (NYSE:KORS) shares and investors are now bearish on the company because of the bad trend it experienced today. Discussing the decline of Michael Kors Holdings Ltd (NYSE:KORS) in a program, CNBC contributor, Herb Greenberg, said that decline of Micheal Kors was highly expected because of the last quarter trends by the company. He said that most of the experts have re-estimated the company earnings and…
Media was flooded with rumors and gossips over CEO’s of two big technology giants, having drinks and talks in a bar at Sun Valley. As soon as Yahoo! Inc. (NASDAQ:YHOO)’s CEO, Marissa Mayer, and AOL, Inc. (NYSE:AOL)’s CEO, Tim Armstrong, were spotted one late night in Sun Valley bar, experts thought its likely to be a deal or a merger very soon. Discussing this topic in a program, Bloomberg’s Tom Giles said that he doesn’t think that there will be a merger between Yahoo and AOL, Inc. (NYSE:AOL) because of the fact that there is not much in AOL, Inc.…
Yahoo! Inc (NASDAQ:YHOO) and Alibaba deal is all over the news these days and experts are suggesting that if Yahoo! Inc (NASDAQ:YHOO) succeeds in acquiring a major chunk of Chinese e-commerce giant, it will be a great push for its plunging ship in the market. Discussing Yahoo earnings and the effect of Alibaba on Yahoo in a program on Bloomberg, Cory Johnson and Jon Erlichman said that Yahoo! Inc (NASDAQ:YHOO) earnings, without Alibaba dividends are seriously suffering and it’s a great concern for the investors because Yahoo has not be performing well in the past couple of quarters. “I think…