Apple KISSES Time as 3 Tech Titans Tread Water
Apple Inc. (NASDAQ:AAPL): A disagreement with Time Inc. (NYSE:TWX) regarding selling iPad subscriptions for the latter’s magazines is apparently over, as iPad users can now subscribe to the publisher’s 20 magazine titles (among them, Sports Illustrated and People). So far, Time only permitted selling lone issues on the iPad, thanks mostly to Apple’s demand for a 30% share of subscription fees. Publishers hoped that Amazon (NASDAQ:AMZN) could provide a good alternative, but Kindle Fire sales are declining.
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Google Inc. (NASDAQ:GOOG): HTC, maker of smartphones that employ Google’s Android operating system, is looking around for patents and planning to apply for new patents, HTC’s chairwoman said, reports Cnet. HTC aims to rearm due to its patent war with Apple continuing, Cnet noted. Shares of Google closed down $2.04 (0.36%) recently at $559.05.
Microsoft Corporation (NASDAQ:MSFT): Recent word that Microsoft is talking about buying Yammer for $1B+ has caused rival Jive Software (NASDAQ:JIVE) to rise sharply. AllThingsD’s Arik Hesseldahl hints Yammer’s poor IPO preparation (as opposed to Jive) and difficulties in getting users to pay encourage a Microsoft deal. ZDNet’s Eileen Brown points out that Yammer is employed by 85% of the Fortune 500, and may mesh well with Microsoft’s work toward adding cloud and social networking services to its Dynamics business apps.
Intel Corporation (NASDAQ:INTC): According to Bernstein, Intel might set up a foundry relationship with Apple, which may be profitable for Intel. Bernstein holds to a Market Perform rating for Intel stock.
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