Yahoo! Wants To Keep Tumblr Independent and 2 Other Hot Stocks to Watch
Yahoo! (NASDAQ:YHOO): Current price $27.00
On Tuesday, Chief Executive Marissa Mayer boosted the potential of Yahoo!’s $1.1 billion purchase of Tumblr, commenting to CNBC, ”We bought a growth opportunity.” In the conversation, Mayer once again affirmed her company’s intention that Tumblr should remain an independent entity, referring to the blogging site as “a passionate community. We don’t want to mess that up.” The Tumblr Chief Executive David Karp also appeared on the interview with Mayer, making it clear that he intends to remain deeply involved in the company he created, remarking, “This is still my baby.”
Qualcomm (NASDAQ:QCOM): Current price $65.76
Andrew Keene at Minyanville reports that Qualcomm’s share market has recently been the scene of “unusual bullish activity.” He explained that call volume is performing 17 percent stronger than is typical, and has more than doubled total put volume on Tuesday for an aggregate amount of 33,000 calls and 12,000 puts. Qualcomm’s most recent quarter posted a 24-percent increase in revenue to $6.1 billion. Chief Executive Paul Jacobs expects these numbers to continue the trend while the use of smartphones in the emerging world continues to grow, commenting that “the emerging markets are clearly going to be a big growth story. But the developed markets continue to be strong. It’s kind of split 50/50.”
Comcast Corporation (NASDAQ:CMCSA): Current price $42.23
Comcast Cable’s Comcast Business on Tuesday said that Comcast Business VoiceEdge, which is a cloud-based voice and unified communications solution, will now be available in the Denver area. Business VoiceEdge is fully managed over Comcast’s network, and removes the need for expensive on-site PBX equipment or key systems, allows a manageable monthly cost, and provides high service quality through which to enhance communications and productivity.