Top Stories Affecting 2 Dow Tech Stocks This Week
Hewlett-Packard Company (NYSE:HPQ): Current price $16.78
In the United Kingdom, the Financial Reporting Council is looking into Autonomy Corp.’s financial reporting in the years prior to Hewlett-Packard Co.’s purchase as it investigates the published accounts of the firm for the period between January 2009 and June 2011, according to statement on Monday. Hewlett-Packard took an $8.8 billion writedown one year after buying Autonomy and on November 20th, accused it of miscategorizing sales and financial misreporting.
Microsoft Corporation (NASDAQ:MSFT): Current price $28.01
Back in 1989, Microsoft shipped its first version of its SQL Server database, bootstrapped a multimedia division and promoted Steve Ballmer to the role of Senior Vice President. At the same time, the firm built its first data center. However, by today’s standards, it would be considered a modest operation with a 89,000 square foot facility in Building 11 of its Redmond, Washington campus. Since then, Microsoft has spent in excess of $15 billion building out much more massive facilities that drive its Internet-based products like Bing, Skype and Windows Azure.
The “audacity” from which Microsoft benefited early on has been lost somewhere, and it is now erroneously concentrating upon competing with Apple by “pissing off its loyal hardware manufacturers” and building the Surface, says the former executive Joachim Kempin, according to ReadWrite on Monday. Kempin has authored a new book that is critical of the company.
Yahoo! (NASDAQ:YHOO) Chief Executive Marissa Mayer says that her firm’s search arrangement with Microsoft is underperforming, and thus has not delivered the expected market share gains or revenue boost, according to TechCrunch, citing comments heard at the Goldman Sachs Technology and Internet Conference.
Nat Brown, who was one of the original developers of the Xbox, predicted that a game-enabled Apple TV would probably kill off traditional game consoles, according to Apple Insider. Brown explained that Xbox’s critical problem is that it has no platform for small developers to sell non-disc content through the base of Xbox customers in the same manner that Apple does via its iPhone.