Jamie Dimon NEWS Plus 3 Tech Stock Weekend Stories
Chief Executive Jamie Dimon snaps up 500,000 shares of J.P. Morgan Chase (NYSE:JPM), which comes in total to about $17 million worth, according to a filing late on Friday. This purchase is in combination with his divesting about $13.5 million worth of preferred shares.
Microsoft Corporation (NASDAQ:MSFT) reports that its Azure cloud infrastructure/application platform is now storing four times that number of objects (four trillion) than was possible one year ago. Azure leverages and supports many of the software products that are offered by Microsoft’s highly lucrative Server & Tools division, but its infrastructure requirements are part of the reasons that the firm’s fiscal year 2103 capital expenditures are anticipated to exceed $3 billion. Meanwhile, Amazon.com, Inc. (NASDAQ:AMZN) recently reported that its S3 cloud storage platform stores over trillion objects, though its methodology is not the same as Microsoft’s.
Micron Technology, Inc. (NASDAQ:MU) outperformed on Friday, stemming from flash memory competitor SanDisk’s earnings and guidance. However, the firm might see new headwinds in its dynamic random-access memory business, which should to be expanded due to its purchase of Elpida. In the second half of July, DRAM contract prices slipped for the first time this year, according to DRAMeXchange, because of weak demand. Personal computer sales are decidedly soft, so Windows 8 could be a blessing or a curse for DRAM, since the operating system is more memory-efficient than Windows 7.
One of Marissa Mayer’s first priorities as Chief Executive at Yahoo! Inc. (NASDAQ:YHOO) is said to be the boosting of the firm’s “engineer-to-everyone else ratio.” Yahoo’s record of recruiting fresh talent is said to be approaching the bottom at Silicon Valley, but Mayer says that correcting the situation will become a top priority now, and some former employees are saying that several non-techies should go. However, not everyone is on board with an engineer-driven approach for one of the Web’s largest media properties.