Tech Biz Replay: IBM Wins Contract Reversal, Apple Slammed By Analyst
International Business Machines Corporation (NYSE:IBM) wins a protest to overturn a $543 million Hewlett-Packard Co. (NYSE:HPQ) contract to supply wireless tracking solutions for the Department of Veterans Affairs. The United States Government Accountability Office decided that the VA “made several prejudicial errors” at the time it awarded the contract to H-P and has now ordered the agency to reevaluate the proposals if not actually reopen the bidding.
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Apple’s (NASDAQ:AAPL) iPhone 5 does not please Doug Kass, who says that it “feels like a toy” while remarking that Steve Jobs would have never “let it go out the door like that.” But Jobs is no longer there and Apple risks “losing that magical Walt Disney feeling” says Kass, who shorted Apple in the winter, and also thinks Apple is “losing mojo and mindshare” to Samsung (SSNLF.PK). Ouch. The analyst predicts that his fears could be realized after the December quarter.
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