The reason behind Hewlett-Packard Company (NYSE:HPQ)’s increased sales in its third quarter for the current fiscal year was explained by Tim Bajarin, President of Creative Strategies, in a discussion on CNBC. According to the analyst, Hewlett-Packard Company (NYSE:HPQ) saw a boost in sales in the just-ended quarter largely because of buying activity from among enterprise customers. “We as analysts have been tracking PC sales for the last two quarters and while we were down last year a full 10%, we’re only going to be off a negative, maybe 2%-3%, partially because corporate sales of PCs have actually risen this year…
Author: Solon Harmony B. Dolor
Amazon.com, Inc. (NASDAQ:AMZN) is no threat to the Alibaba Group Holding with its latest move in China, Kara Swisher said in a recent interview on CNBC. The comment from the Re/Code co-executive editor comes as Amazon.com, Inc. (NASDAQ:AMZN) on Wednesday revealed that it is putting up a facility in the free trade zone located in Shanghai, China. This move is seen as the company signaling its intent to stay in the Chinese market and grow its business in the territory. Alibaba Group Holding is the biggest internet commerce company in China followed by JD.com. According to Swisher, Amazon.com, Inc. (NASDAQ:AMZN)’s standing…
Amazon.com, Inc. (NASDAQ:AMZN) will apparently be launching deliveries using drones in India and not in the U.S., a report from The Economic Times India stated. The revelation about Amazon.com, Inc. (NASDAQ:AMZN)’s plan comes after Jeff Bezos, the company’s founder and CEO, surprised CBC’s Charlie Rose and the “60 Minutes” crew in December last year by saying that his next plan is to deliver packages to customers using drones called ‘Octocopters.’ The plan is supposedly named Amazon Prime Air and will let users get their packages in 30 minutes after checkout. According to The Economic Times India, two unnamed “people aware of…
Amazon.com, Inc. (NASDAQ:AMZN) is making a “power play” against the Hachette Book Group USA, Rep. Paul Ryan said in an interview on CNBC. The remark from the Wisconsin congressman comes as the fight between Amazon.com, Inc. (NASDAQ:AMZN) and the publisher rages on with no clear end in sight. “As a congressman I had to watch what I say for ethical reasons. It’s a very pressuring thing. I wish this dispute got settled on. Clearly, Amazon is making a kind of a power play here, in my opinion,” he said. The congressman is also the author of a recently released book, entitled…
Still having responsibilities at Microsoft Corporation (NASDAQ:MSFT) is too much for Steve Ballmer, the former chief executive revealed in a phone conversation with Trish Regan, according to a report on Bloomberg’s “Bottom Line”. The revelation was made by Regan about the former Microsoft Corporation (NASDAQ:MSFT) CEO after Ballmer stepped down as a member of the company’s board of directors. The executive has been a Microsoft director for 14 years and has been directly engaged with running the company for over three decades. “I want to be a great shareholder and I want to pay appropriate attention to my shares, but…
Broadcom Corporation (NASDAQ:BRCM) will see a boom because of the “Internet of Things,” Tigress Asset Management CIO Ivan Feinseth said in a discussion on CNBC. Broadcom Corporation (NASDAQ:BRCM) was named as one of Feinseth’s firm’s recommended stocks with a “Buy” rating in the discussion which also featured Google Inc (NASDAQ:GOOGL). According to Feinseth, increasing connectivity in today’s communities will be a key driver for Broadcom Corporation (NASDAQ:BRCM). “They make chips for wireless connectivity both Wi-Fi and Bluetooth and these are key growth areas as we connect everything wirelessly and increase the use of mobile platforms. It’s these types of chips that provide…
Google Inc (NASDAQ:GOOGL) is still “very cheap,” Ivan Feinseth, CIO at Tigress Asset Management, remarked in a discussion about the technology giant on CNBC. The comment about the internet search and advertising giant comes as the company has recently celebrated a decade after its initial public offering on August 19, 2004, when the company initially traded at $85 per share. In contrast, the stock closed near the $600 mark on Tuesday. According to Feinseth, whose firm has a ‘Buy’ rating on Google Inc (NASDAQ:GOOGL), the company still has a lot of potential because it dominates a number of key areas including…
Google Inc (NASDAQ:GOOGL) can see the trends that will pay off in the long term and places its bets accordingly, Scott Kesler, senior director of S&P Capital IQ, said in a discussion on CNBC. The comment about the technology giant comes as it marks its tenth year after its initial public offering. Google Inc (NASDAQ:GOOGL) now has a market value of about $390 billion, the third largest market capitalization of any U.S. group. Furthermore, according to eMarketer, cited by CNBC, the online search and advertising giant will make $44 billion in net advertising revenue this year. The rise of the company’s stock has been…
When Apple Inc. (NASDAQ:AAPL)’s iPhone 6 debuts this September, potential buyers may be more interested in getting the latest iPhone because of a sapphire display than if it has a longer battery life than previous iPhones. That is the result of a survey conducted by uSell.com, according to its cofounder and COO, Nik Raman, who was recently interviewed on CNBC. The comment about the expected new iPhone from Apple Inc. (NASDAQ:AAPL) comes as the people as well as industry observers await the launch of the iPhone 6 which is believed to be during Apple’s September 9 event. “[…] Overwhelmingly, 50% of…
Google Inc (NASDAQ:GOOG) is doing well by being diverse in their expansion, Robert Peck said in a discussion on CNBC. According to Peck, who is managing director & Internet analyst at SunTrust Robinson Humphrey, people would not have anticipated 10 years ago that Google Inc (NASDAQ:GOOG) would become the largest video player service with YouTube and that it will own the largest mobile operating system, Android. Furthermore, he pointed out that Google has a play in health, driverless cars, wearables with its Google Glass project and more. “[What] I think is most interesting in this story is you have maybe one…
General Electric Company (NYSE:GE) is a very frustrating stock, CNBC’s Jim Cramer said in a discussion on “Stop Trading,” but it could improve. The analysis of General Electric Company (NYSE:GE) comes after Credit Suisse initiated coverage on the stock with a price target of $30 and an “Outperform” rating in a research note released on Monday. Saying that General Electric Company (NYSE:GE) “is one of the most frustrating stocks that we have ever encountered,” Cramer explained that Credit Suisse recommends buying the stock because of a possible margin improvement for the company. Cramer also noted that the company’s top line…
BlackBerry Ltd (NASDAQ:BBRY) may have shipped more phones in the second quarter of the year but the company’s full recovery is yet to be seen, Bloomberg’s Gerrit de Vynck said in an interview on “Taking Stock”. The remark about BlackBerry Ltd (NASDAQ:BBRY) from the Bloomberg reporter comes after the phone manufacturer is reported to have shipped 15% more phones in the second quarter compared to the first quarter of the 2014 fiscal year. The data come from a release by the International Data Corporation (IDC). As positive as that increase in BlackBerry Ltd (NASDAQ:BBRY) may sound, de Vynck offers a word of…