Technology Sector Review: Apple Too Big to Analyze, Intel’s New Platform
Apple Inc. (NASDAQ:AAPL): Because of Apple’s (NASDAQ:AAPL) enormous size, Wall Street is having a difficult time getting a big-picture view of the earnings and margins for other American corporations. As a result, some equity analysts are cutting Apple out and finding a dimmer outlook for the broader market.
The shares closed at $497.67, down $11.79, or 2.31%, on the day. Its market capitalization is $464.01 billion.
Intel Corporation (NASDAQ:INTC) has disclosed more about its next-generation communications platform, codenamed Crystal Forest, including that the platform will better handle data processing across the network while addressing special needs for handling cloud connectivity and content processing, according to Digitimes.
The shares closed at $26.58, down $0.2, or 0.75%, on the day. Its market capitalization is $135.35 billion.
Cisco Systems’s (NASDAQ:CSCO) Marthin De Beer said in a posting to the company’s corporate blog that the company appealed the European Commission’s approval of the Microsoft/Skype (NASDAQ:MSFT) merger to the General Court of the European Union. According to the post, Messagenet, a European VoIP service provider, is also appealing the ruling. De Beer said, “Cisco does not oppose the merger, but believes the European Commission should have placed conditions that would ensure greater standards-based interoperability, to avoid any one company from being able to seek to control the future of video communications.”
The shares closed at $19.91, down $0.16, or 0.8%, on the day. Its market capitalization is $107.03 billion.
Sony Corporation (NYSE:SNE) says the price hike on two of deceased pop singer Whitney Houston’s albums on iTunes (NASDAQ:AAPL) in the hours after her death was a “mistake,” the New York Times reports. Sony says “When discovered, the mistake was immediately corrected. We apologize for any offense caused.”
The shares closed at $19.99, up $0.86, or 4.5%, on the day. Its market capitalization is $20.06 billion.
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