Though Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOGL) proclaim to be tech companies, according to Sir Martin Sorrell, CEO of WPP, they aren’t. He feels that these companies are in the advertising business, same as his. CNBC recently interviewed Sorrell regarding the competition WPP and other advertising companies face from Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOGL) and also what he thinks about Facebook Inc (NASDAQ:FB)’s new platform, Atlas. “Google, Facebook are media owners, they like to say they are technology companies, but they are really masquerading as technology companies, they are media owners just like you […] they have…
Author: Ritesh Anan
Ritesh Anan
Ritesh Anan is a full-time derivatives trader. Though he firmly believes in the power of Technical Analysis, he is also a lifelong student of macroeconomics. In his free time, he reads anything and everything that comes from Robert J. Shiller, George Soros and Nassim Nicholas Taleb.
Oracle Corporation (NYSE:ORCL) is experiencing a drop in new software licenses and its transition to cloud is creating a decline in revenues. Still the company is gearing up for a battle against Amazon.com, Inc. (NASDAQ:AMZN) in the cloud computing market. While Amazon.com, Inc. (NASDAQ:AMZN) has been going strong in the cloud space ever since it started operations, Oracle Corporation (NYSE:ORCL) is a late entrant. Bloomberg recently reported on Oracle Corporation (NYSE:ORCL)’s plans for its cloud unit and how the company is trying to compete with Amazon.com, Inc. (NASDAQ:AMZN). Oracle Corporation (NYSE:ORCL) is betting on cloud computing to raise its efficiencies by allowing it…
Netflix, Inc. (NASDAQ:NFLX) & Google Inc (NASDAQ:GOOGL) are currently the icons of US industry and Washington won’t take it lightly if restrictions would be imposed on these homegrown behemoths. Which is why Canada’s CRTC chief, Jean-Pierre Blais might be fighting losing battle against Netflix, Inc. (NASDAQ:NFLX) and other American media companies. As an article in The Globe and Mail highlighted, it is highly improbable that Canada would try to regulate or put restriction on Netflix, Inc. (NASDAQ:NFLX)or Google Inc (NASDAQ:GOOGL)’s YouTube. Canada and US have a free trade agreement that precedes NAFTA and if Canada tries to play it hard…
Microsoft Corporation (NASDAQ:MSFT) will launch its gaming console, XBOX One in China today, the first major gaming consoles company to do so after China lifted its ban on the device after 14 years, Its arch nemesis in the gaming industry Sony Corp (ADR)(NYSE:SNE) is yet to put a date on when it will be launching its gaming consoles in China. Naveen Menon, Asia-Pacific Partner at A.T. Kearney was recently on Bloomberg to discuss about Microsoft Corporation (NASDAQ:MSFT)’s entry in China with its gaming consoles and will it prove to be disadvantageous for Sony Corp (ADR) (NYSE:SNE). “Well, Microsoft has clearly…
Even though BlackBerry Ltd (NASDAQ:BBRY) is focusing on enterprise market, the company hasn’t completely backed out of the consumer device market. Google Inc (NASDAQ:GOOGL) & Apple Inc. (NASDAQ:AAPL) now control, what was once the forte of BlackBerry Ltd (NASDAQ:BBRY). The company tried to re-invent itself for the consumers market, but failed miserably at that and BlackBerry Ltd (NASDAQ:BBRY)’s CEO, John Chen, doesn’t want to repeat the same mistake again. Tech Times recently came up with an article that described how Chen is taking one step at a time to make the company recapture some of its past glory. Google Inc…
Apple Inc. (NASDAQ:AAPL) is putting in all its resources to ensures that the negative publicity it has been getting due to bending issues of its iPhone 6, dies down soon. The company recently allowed a few journalists to visit its testing facilities, where they could see the tests that an iPhone 6 goes through. One of the journalists who visited Apple Inc. (NASDAQ:AAPL)’s was Re/code’s senior reviewer, Lauren Goode. She was recently on CNBC to discuss about what she saw at Apple Inc. (NASDAQ:AAPL)’s testing facility and how the company is dealing with this crisis. “At lab testing facility, where…
Alibaba Group Holding Ltd (NYSE:BABA) recently handed the payouts to the six investment banks that were responsible for its spectacular debut in the US stock market. Apart from paying a base fee Alibaba Group Holding Ltd (NYSE:BABA) also paid an incentive fee to the banks that it had hired to run its offering. The Wall Street Journal reported today on how Alibaba Group Holding Ltd (NYSE:BABA) paid Morgan Stanley (NYSE:MS) and Credit Suisse the largest chunk of the combined fees. Alibaba Group Holding Ltd (NYSE:BABA) had designated a $250 million fee pool to pay the investment banks for their work…
If there is one stock that is on fire, even when others are getting beaten down on Wall Street it is GoPro Inc (NASDAQ:GPRO). The company’s stock has been on a ride like no other stock in recent times. The company’s stock has returned over 200% since its debut in late June this year. Concerns regarding the company’s valuation started surfacing as soon as the stock crossed the $50 mark, but instead of cracking GoPro Inc(NASDAQ:GPRO) now trades at above $80. Susquehanna International Group’s Stacey Gilbert was recently on Bloomberg to discuss about how long investors can take a position cheaply…
Apple Inc. (NASDAQ:AAPL)’s stock is still trading above the $100 level, but will it continue to do so if customers start losing their confidence in the brand? While everyone is discussing Apple Inc. (NASDAQ:AAPL)’s Bendgate, not many people are aware of another crisis the company is facing, ‘Shellshock’. It is a vulnerability that affects Apple Inc. (NASDAQ:AAPL)’s Macintosh and Linux computers that has existed since the last 22 years. Hans Nichols recently reported on these two issues Apple Inc. (NASDAQ:AAPL) is facing and how the company is dealing with them on Bloomberg. “Well this is what company came out with late…
Sony Corp (ADR) (NYSE:SNE) is toying with new devices to reclaim its position as a top gadget maker that it once commanded. The company is all set to launch its PlayStation TV set-top box in Canada and US in October. Although, Sony Corp (ADR) (NYSE:SNE)’s Playstation TV is a device meant for gamers, it also allows them access to video and music streaming services much like Apple TV and Amazon’s Fire TV. Tech Times recently came up with an article that described the features of the Playstation TV and its pricing. Sony Corp (ADR) (NYSE:SNE)’s Playstation TV will allow users…
United Financial Bancorp Inc (NASDAQ:UBNK) saw an insider adding to her position in the company by exercising her stock options on September 24. Rosemarie Papa Novello, a director at United Financial Bancorp Inc (NASDAQ:UBNK). exercised the first tranche of her 1,061 stock options at a price of $7.42 and the second tranche of 1,614 stock options at a price of $10.99. Following this filing, Rosemarie Papa Novello holds a total of 43,639 shares of United Financial Bancorp Inc (NASDAQ:UBNK), valued at over $500,000 based on the stock’s closing price on September 26, 2014. United Financial Bancorp Inc (NASDAQ:UBNK) was set…
SAP SE (ADR) (NYSE:SAP) is on its way to become the second largest cloud vendor in the world. The company recently announced that it would be acquiring Concur Technologies, Inc. (NASDAQ:CNQR) for $129 per share, giving the company a valuation of over $8 billion. Jim Hagemann Snabe, former co-CEO of SAP SE (ADR) (NYSE:SAP) was recently on CNBC to discuss about how the company’s cloud business and how is it going to monetize it in the future. “Well, I think it’s different to business. There you can actually get it priced differently because you are delivering a significant value. In…