Tech Business Recap: Everyone Loves Amazon, Nokia in Egypt
Apple (NASDAQ:AAPL) pushes forward with its patent war, but it may end up hurting shareholders if they don’t make preemptive IP deals with competitors. When Apple wins a court case, competitors often create a plan B. But when Apple loses, it lacks the necessary wiggle room for a workable settlement.
Investing Insights: U.S. Retail Sales Rose 4.5% in Week Before Christmas.
Online shoppers placed Overstock.com (NASDAQ:OSTK) at the bottom of the heap for holiday season customer service in a survey conducted by research firm ForSee. Gap (NYSE:GPS) had the second-lowest score, and Netflix (NASDAQ:NFLX) showed the largest year-to-year decline. Amazon (NASDAQ:AMZN) came out on top with a score of 88/100.
Goldman Sachs has high expectations for Google (NASDAQ:GOOG), raising estimates and its price target from $660 to $685. This inflated forecast follows research that shows Google again topping query volumes with 125.2B and a 68.6% share. Goldman believes Google’s core search business has the potential to post better-than-expected FQ4 results and ups EPS estimates for the next three years.
Don’t Miss: Looks Like End of 2012 for Apple TV Launch.
Eastman Kodak (NYSE:EK) shares slip after an SEC filing shows that two directors from Kohlberg Kravis Roberts (NYSE:KKR) have resigned from the company’s board. The resignations come two years after the PE firm helped Kodak refinance debt.
After yesterday’s decline of 10.64%, Emcore (NASDAQ:EMKR) takes off today. Though results missed estimates, and the company’s FQ1 revenue guidance of $36M-$38M is well below a $51.2M consensus, investors are optimistic that optical and cable component production capacity lost to Thai flooding will be regained between March and May.
Don’t Miss: Netflix: Investors and Customers Agree.
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