Tech Business Roundup: Barnes & Noble was a RUMOR, Apple’s BEST YEAR YET
Google (NASDAQ:GOOG) executive Michael Barrett is moving to Yahoo (NASDAQ:YHOO) to become its Chief Revenue Officer. Barrett was, until 2011, the CEO of the Google purchase startup AdMeld, and will now be charged with the revamping of a Yahoo advertising unit that has been hit with problems in sales execution and tech. Interim CEO Ross Levinsohn at Yahoo is credited with hiring Barrett, against rumors that the company might begin outsourcing a portion of its advertising tech operations.
A major coup for Apple (NASDAQ:AAPL), as Brian White at Topeka Capital says that the company’s calendar year 2012 will be the ‘most profitable year any publicly-traded company has ever posted’, as he keeps his price target of $1,111 and swears by the Apple’s low valuation. Not to be outdone, Gene Munster of Piper reports that his completed survey of 100 developers at WWDC, implied that Apple’s edge in developer loyalty, which arises from superior app monetization and the iPad’s tablet leadership, is strengthening.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.