Apple’s Market Shattering News and 17 Top Tech Stocks with Big Catalysts
Here’s your Cheat Sheet to this week’s top tech industry business headlines:
The firm is open-sourcing its ioScale hardware design and intends to donate it to Facebook’s Open Compute Project, however, users who employ the ioScale design kit will have to use Fusion-io’s own-brand controller tech. At the Open Compute Summit which ran over the weekend in Santa Clara, Chief Executive and C0-founder David Flynn gave a presentation entitled The all-flash data centre: Hyperscale acceleration, during which he announced the open-sourcing of the ioScale product’s electro-mechanical hardware design though its donation to the OCP. Flynn commented that, “We’re open-sourcing the design. This will allow OCP members to take that design and customize it to their servers. It will facilitate third-party manufacturing [and] it uses our controller technology.”
France Telecom-Orange (NYSE:FTE)
In a Saturday interview with BFM Business TV, the company’s Chief Executive Stephane Richard said that his firm is being paid to deliver traffic for Google and claims that the dominance of Orange in Africa has provided leverage for it to negotiate the best financial arrangement with the Chocolate Factory. Richard did not divulge an exact figure on the payments made to France Telecom-Orange beyond conceding that its not “hundreds of millions”.
Intel Corporation (NASDAQ:INTC)
Like it or not, the firm’s decision to shell out some $13 billion (as opposed to a mere $11 billion) this new year might have been mandatory so as to remain ahead of its competitors for time to come. Wall Street is apparently where the move is not liked as shares slid almost 7 percent Friday, which was the day after Intel executives made their capital expenditures increase known. Analysts weighed in, noting that it seemed illogical for the firm to expand capacity in the face of a waning personal computer market which could cause even more idle capacity if PC sales keep falling. However, others think that Intel really must maintain its tech edge, an expensive but necessary program that might even pay off in the long run with market share gains.
EMC Corporation (NYSE:EMC)
EMC Corporation, which supplies data storage products and services, has updated its EMC VMAX family, making it efficient for mission-critical applications in VMware virtualized environments for enterprises of all sizes.
On Tuesday, Amazon launched its new In-App Purchasing service that permits developers to allow customers to use their Amazon accounts to buy virtual goods and currencies from within PC , Mac, and Web-based games. Presently, Amazon provides In-App Purchasing services for Mac, PC and Web, Android and Kindle Fire developers, empowering them to offer Amazon’s millions of customers a convenient, trusted and secure buying process.
The senior analyst at ABI Research Aapo Markkanen has calculated that for Amazon to gain a 20-percent profit margin, it needs $10 in content sales per month from each Kindle Fire, from which would come $3 after its 30-percent cut, adding that this incremental $3 revenue would be required over the life of the hardware in order to maintain that margin. Further, Markkanen says that the combination of falling hardware prices over time and an increase in content sales could help the product line even more.
ITG Research is predicting a solid fourth quarter for Facebook due to its accelerating trends. The firm anticipates that Facebook’s quarterly North American revenue should be between $780 million and $800 million, which is above a Street consensus of $771 million.
Akamai Technologies (NASDAQ:AKAM)
The Web optimization firm Akamai is looking to create a TV tech that can detect what a person is watching and stream secondary content to a smartphone or tablet in near-real time. The firm says that the purpose is to take today’s rapidly-growing but chaotic landscape of television “companion” applications, like the ones delivering athlete statistics to those watching the Olympics, and make it easier to create and see such additional content.
Advanced Micro Devices (NYSE:AMD)
AMD has gained two senior engineers with experience at Qualcomm and at Apple, marking its most recent high-level recruitments as it diversifies ahead of a slumping personal computer industry, according to inside sources. Charles Matar, who recently work at Qualcomm, with expertise in low-power and embedded chip design, will become Vice President of System-on-Chip Development while Wayne Meretsky, who worked at Apple in the 1990s on the Mac, was chosen as Vice President of software IP development and will lead software developments for the company’s chips.
STR Holdings (NYSE:STRI)
STR believes that its longtime customer First Solar will terminate its relationship with the firm during this year. The exact dates are uncertain, but STR expects that First Solar will begin a transition away from it in the first quarter, completely switching over to a new vendor during the next few months. The loss of First Solar would likely pose a material adverse effect on the company and its financial results. Sales to First Solar during last year were around $39 million.
International Business Machines Corporation (NYSE:IBM)
Back in 1995, IBM acquired the email pioneer Lotus for $3.5 billion. The company does not specify how much revenue the Lotus franchise brings, but the tech-research firm IDC estimates the software accounted for about $1.2 billion of revenue in 2011. However, that franchise is being eroded, says the Wall Street Journal, as the FAA began employing Lotus Notes as its main email program in 2001, and announced in June a $91 million contract to transfer its 60,000 FAA employees and contractors to a new Microsoft email and communications system, while over the past few years, like moves have been made by customers.
Limelight Networks (NASDAQ:LLNW)
On Tuesday, the digital presence management firm Limelight named Robert Lento as its chief executive, effective immediately. Lento had been serving as the interim chief executive since November 26th.
Nokia Corporation (NYSE:NOK): Current price $4.22
Nokia is said by The Verge to be planning to introduce a ‘proper’ Pureview Windows Phone 8 handset in 2013, codenamed the Nokia EOS. The site also has learned that the firm is developing a Windows Phone 8 handset featuring a camera sensor similar to that of the 41MP giant found on the Pureview 808 smartphone. However, it remains unclear whether the planned Lumia phone will have as impressive a sensor and whether it will be quite as large as the massive bulge on the rear of that handset.
There was a large disappointment and worry over Apple’s financial results for its fiscal first quarter. Profits edged consensus estimates, but revenues were smaller than anticipated and the March quarter guidance emerged far under Street expectations. Among the specifics were a pessimism that iPhone sales are slowing. Apple seems to have convinced analysts that this time, they should take its guidance more seriously, exactly at the wrong quarter in which to do so, and also fears that the erosions of margins will continue.
Tyler Technologies (NYSE:TYL)
Tyler Technologies has reached accords with two municipalities in Maine to supply the Tyler Munis enterprise resource planning solution. The town of Mount Desert inked a 10-year arrangement to access Munis via Tyler’s software as a service platform, and the city of Ellsworth selected a traditional, on-premise installation of Munis.
Last week, Google submitted an application to the FCC, requesting an experimental license through which to create an “experimental radio service” within a radius of two miles, which would cover its headquarters in Mountain View. The firm wants to create an experimental wireless network, which some analysts believe could be a harbinger of the creation of dense and superfast Google wireless networks elsewhere that would permit people to connect to the Web employing their mobile devices.
Sony Corporation (NYSE:SNE)
Sony has been penalized £250,000 by United Kingdom regulators for failing to stop a 2011 cyberattack on its PlayStation Network which placed personal information, including birth dates, names, addresses, and account passwords of millions of users at risk. The Information Commissioner’s Office said on Thursday that security measures in place at that time “were simply not good enough,” and that the attack could have been prevented if the software had been current, while passwords were also unsecure.
Hewlett-Packard Company (NYSE:HPQ)
Hewlett-Packard has said that Madrilena Red de Gas of Spain has signed a four-year contract for HP to manage its environment running SAP (NYSE:SAP) solutions, thus enabling it to enhance customer service while concurrently improving efficiency. Through the terms, HP will help Madrilena Red de Gas more closely line its SAP solution-based environment up with business objectives, permitting it to support priorities, customer service improvement goals and growth as it reduces complexity and costs.
Microsoft Corporation (NASDAQ:MSFT)
The former Microsoft senior executive Joachim Kempin says that the current Chief Executive Steve Ballmer is not the right leader for the firm but he holds his grip on it by systematically forcing out any rising manager who challenges his authority, according to a Reuters report.