Apple Garners Smaller Crowd and 2 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL) iPad mini launch attracted smaller crowds from Sydney to New York on Friday than was normal for previous Apple product debuts. This is an indication of comparable rival devices could have sapped some interest for the device, priced higher than competitive devices from Google Inc and Amazon.com Inc. In New York, at 8 a.m. a few hundred people were stood line at Apple’s Fifth Avenue flagship store, only days after being battered by Hurricane Sandy.
Google Inc. (NASDAQ:GOOG): Carl Icahn has taken a 10% stake in Netflix (NASDAQ:NFLX) due to his belief that its shares are undervalued, but he also believes that it could be an acquisition target, although Bloomberg’s Real M&A column believes that the company’s premium price-earnings multiple, which is the second-highest in the S&P 500 index, may make a sale difficult. Icahn named Verizon (NYSE:VZ), Amazon.com (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG) as possible suitors for Netflix in an interview earlier in the week, the report noted.
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Intel Corporation (NASDAQ:INTC) looming competition with ARM in low-power servers became clearer during the week. Most significant was the announcement by executives with Advanced Micro Devices that the company will start making 64-bit ARM chips too. AMD is to marry the low-power chip designs with the interconnect fabric the company acquired earlier in the year when it purchased microserver maker SeaMicro, creating chips for dense servers running in hyperscale data center environments.
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