Google Inc (NASDAQ:GOOGL) getting more shut down in China hurts businesses in the country, Shaun Rein told Bloomberg in a recent interview. The China Market Research managing director was asked about the increasing strikes of the Chinese government on Google Inc (NASDAQ:GOOGL) and particularly a hit the tech giant took to its services this week ahead of the Tiananmen Square Massacre anniversary. According to Rein, the search giant being blocked by the Chinese government, especially as anniversaries of sensitive events are close, is expected by people in the country. He added that his company has had a difficult time using…
Author: Solon Harmony B. Dolor
As Amazon.com, Inc. (NASDAQ:AMZN) continues its feud with the Hachette Book Group, Wal-Mart Stores, Inc. (NYSE:WMT) is seizing the opportunity to bridge customers to books they want and make some money in return. According to a report from The Christian Science Monitor (CSN), Wal-Mart Stores, Inc. (NYSE:WMT) has seen an uptick in sales of books directly as a result of the disagreement between Amazon.com, Inc. (NASDAQ:AMZN) and Hachette Book Group which carries popular authors such as J.K. Rowling, James Patterson, Malcolm Gladwell, David Sedaris and Nicholas Sparks. In a statement, Amazon.com, Inc. (NASDAQ:AMZN) has acknowledged the difficulty for its customers…
The recent announcement of Google Inc (NASDAQ:GOOGL) of its intent to spend over $1 billion on a fleet of new satellites to better connect the world is a way for the internet giant to expand its market, Yahoo! Finance’s Rick Newman and Aaron Task discussed. Task started the discussion by mentioning that Google Inc (NASDAQ:GOOGL) has revealed that it will be spending $1-3 billion to buy new satellites to give better internet access to underserved regions in the world. Task also noted that the Mountain View, California-based company has about $57 billion in cash at the moment. Newman reacted to…
Apple Inc. (NASDAQ:AAPL)’s CEO Tim Cook did well in yesterday’s opening of its Worldwide Developers Conference (WWDC), according to CNBC’s Jim Cramer. The iPhone-maker yesterday opened its annual and much-awaited event at the Moscone West center in San Francisco and announced a new version of Mac OS X, a new version of its iOS mobile operating system, a new app called HealthKit and a new home automation system called HomeKit, among other things. Apple Inc. (NASDAQ:AAPL) also debuted Swift and Metal which are tools that developers can use for making apps and 3D graphics for its mobile devices. Some people…
Apple Inc. (NASDAQ:AAPL) showed how much more developers can do with their products and platforms, Walter Piecyk, BTIG tech & telecom analyst, told CNBC. Piecyk noted that there is not much to comment in terms of new product announcements at the ongoing Apple Inc. (NASDAQ:AAPL) Worldwide Developers Conference (WWDC). However, he said that the iPhone maker did not fail to live up to what this event is really about: developers. The WWDC is not really an investor conference, the analyst said, adding that this fact is really apparent in how the event is set up. The company has announced the…
Yelp Inc (NYSE:YELP) and Mastec, Inc. (NYSE:MTZ) were named by Wunderlich Securities Chief Market Strategist Art Hogan as among his best stock ideas at the moment in an interview with CNBC. The CNBC hosts asked the Wunderlich representative why they picked Yelp Inc (NYSE:YELP) out of all the other companies in the social media space. According to Hogan, Yelp Inc (NYSE:YELP) was chosen because his firm wanted exposure to social media but with a company that now has a reasonable valuation. Hogan also said that though they could have picked another social media company for their focus list, a couple…
Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL) do not pose a big threat to Sirius XM Holdings Inc. (NASDAQ:SIRI), Miriam Gottfried told fellow Wall Street Journal columnist Simon Constable in a recent discussion. The conversation comes after Amazon.com, Inc. (NASDAQ:AMZN) has been reported to be adding music streaming to its Amazon Prime service. Citing five unidentified sources who are in the music industry, BuzzFeed reported that the music streaming offering, said to limit offerings to albums at least six months old, will likely be debuted by the e-commerce and web services giant sometime this month or in July. CNN points…
Apple Inc. (NASDAQ:AAPL) and other old “old tech” companies have a compelling bull case going for them, Robert Pavlik of Banyan Partners and Jeffrey Kleintop of LPL Financial told CNBC. Pavlik told the news organization that he is bullish on Apple Inc. (NASDAQ:AAPL) not only because the company is conducting its Worldwide Developers Conference but because of what he says are compelling reasons why the stock is one of his long-term holdings. In fact, he said that people are not likely to go out and buy a new product the iPhone-maker has because of an announcement of a new operating…
Intel Corporation (NASDAQ:INTC) President Renée James believes that the personal computer is not dead. Rather, it’s just evolving. In an interview with CNBC, the 25-year Intel Corporation (NASDAQ:INTC) veteran noted that in the future, she sees people not debating about whether PCs or tablets will win in the tech industry. “In five years’ time, I don’t think we’ll be talking about PCs versus tablets. What we’re going to see is a blending [of the two]. In the end, [this] will look like significant growth, if not a doubling, of what was just known as the PC business,” she argued. Intel…
Netflix, Inc. (NASDAQ:NFLX) and Electronic Arts Inc. (NASDAQ:EA) are among the notable performers in the market for the month of May, CNN’s Matt Egan reports. Down 26% in March and April, Netflix, Inc. (NASDAQ:NFLX) rebounded and has risen 30% just this month. This makes it “easily the best performer in both the S&P 500 and Nasdaq 100,” Egan noted. The performance of the Netflix, Inc. (NASDAQ:NFLX) comes after the company has increased the price of subscription to users in Canada and other territories by $1. However, unlike its earlier price increase which turned out disastrous after a loss of over…
Apple Inc. (NASDAQ:AAPL) has historically opened high and closed low during the opening of the company’s Worldwide Developers Conference (WWDC), CNBC’s Dan Nathan has revealed. In the Options Action segment of CNBC’s Fast Money, Nathan showed how Apple Inc. (NASDAQ:AAPL) has traded over the course of its yearly WWDC event. He explained: “This is a name that the investment community has been infatuated with for 10 years now but since that September 2012 top above $700…sentiment has been getting worse and increasingly worse. We just had this shift right now. The stock is up 13% on the year. The company…
Whether companies like Microsoft Corporation (NASDAQ:MSFT) are providing better returns to investors, CNBC’s Jim Cramer ponders. The large technology sector is being judged by portfolio managers using a “bifurcated prism,” the Mad Money host starts, which leads to the question of whether “old tech” companies provide more opportunities for better returns to investors than “new tech” firms. Analyzing whether “old tech” will win over “new tech” in the final month of the quarter, Cramer explains that there are companies that managers grew up with like Intel Corporation (NASDAQ:INTC), Microsoft Corporation (NASDAQ:MSFT), Micron Technology, Inc. (NASDAQ:MU), Oracle Corporation (NYSE:ORCL), Seagate Technology PLC…