Tech Business Recap: Activision Crashing Servers, HP Back to webOS
Hewlett Packard Co. (NYSE:HPQ) may sell its webOS mobile platform. The company purchased it from Palm in 2010 for $1.2 billion and most likely won’t see its investment returned due to not adding any investment dollars to the software.
Smartphones will usher in a new era with its first quad-core processor phone thanks to the HTC Edge. With the latest mobile technology, the phone runs on an Nvidia Corporation (NASDAQ:NVDA) Tegra 3 chip. It represents a win for the company as compared to Qualcomm Inc.’s (NASDAQ:QCOM) Snapdragon S4 processor, even with HTC’s long reliance on Qualcomm chips.
Activision Blizzard Inc (NASDAQ:ATVI) launched its newest addition to the Call of Duty series today, Call of Duty: Modern Warefare 3, just in time to battle Electronic Arts’ (NASDAQ:ERTS) Battlefield 3 during the holiday season. EA has been trash-talking Call of Duty and is heavily promoting its new Battlefield 3 series through TV commercials and billboards.
Investing Insights: Activision Blizzard Inc Earnings Cheat Sheet: Beats Estimates.
priceline.com Incorporated (NASDAQ:PCLN) announced a weak fourth quarter guidance with its third quarter earnings on Monday. Piper Jaffray increased the company’s price target to $670 from its strong quarterly report and also cited international growth potential and its leading overseas market share as factors.
Demand Media (NYSE:DMD) continued trading higher after beating estimates in its third quarter earnings report. Goldman Sachs Group (NYSE:GS) increased its price target based on the company’s improved internal rate of return; however, Henry Blodget said not so fast. He wrote that Demand Media saw a profit after treating its content costs as a capital investment; this is not the norm for a media company.