3 Tech Titans Making Noise: Apple Begins Making iWatch Moves, Dell Reviews Icahn’s Latest, and Google Loses Top Chief in China
Apple Inc. (NASDAQ:AAPL): The Financial Times is reporting that Apple is currently “aggressively hiring” staff for the production of the iWatch, in addition to “acqui-hiring” startups to assist in the device’s development. Sources added that the timing of the hiring movement suggests that the device won’t be ready until the second half of 2014, and many believe that the recent hiring of former Yves Saint Laurent CEO Paul Deneve to work on “special projects” was at least partly made specifically for the iWatch project.
Dell Inc. (NASDAQ:DELL): ”We are today reviewing the 5th proposal from Carl Icahn,” said Dell’s board in a statement. The statement added, “It is important to note that all of Mr. Icahn’s various proposals require abandoning an all-cash transaction…with a high degree of closing certainty.” Votes for the new ownership of the computer manufacturer are due Thursday, and the committee continues to recommend the offer put forth by Michael Dell and Silverlake Asset Management. “Most important, we believe it is critical that Dell shareholders not be distracted from the clear choice they must make next week: take $13.65 per share in cash or bear the risks of continuing to hold their Dell shares,” the statement continued.
Google Inc. (NASDAQ:GOOG): While HP is welcoming three new arrivals, Google is bidding farewell to John Liu, the chief of the company’s Chinese division, as he leaves to pursue “other opportunities.” European partnerships chief Scott Beaumont will take over for Liu, and will be charged with expanding the company’s Chinese ad business, as well as maintaining the dominant position that Android enjoys in the Chinese smartphone market.