3 Tech Titans Making Noise: Apple Gets a Boost from BMO, Google Makes Strategic Buy, and eBay Expands Now Service
Apple Inc. (NASDAQ:AAPL): It’s the day before earnings, and BMO Capital’s Keith Bachman has mostly good things to say about the iPhone maker. Bachman believes Apple will deliver upside to revenue, gross margin, and earnings per share for the June quarter — and although “he has less history on the new guidance approach,” the firm is expecting September revenue to be flat quarter-over-quarter, or around $2 billion less than consensus estimates. The price target was hiked from $450 to $480.
Google Inc. (NASDAQ:GOOG): Google is arranging to take a 6.3 percent stake in a subsidiary of Taiwanese chip company Himax Technologies (NASDAQ:HIMX) to better fund and finance the development of display technologies for head-mounted devices such as Google Glass. The search engine giant has the option of expanding its holding in the company to 14.8 percent within a year, though financial details were not disclosed.
eBay (NASDAQ:EBAY): Ebay’s same-delivery system, eBay Now, has arrived for PC following its debut on eBay’s mobile platform. The company is preparing to further expand its service, with added support for the Bay Area Peninsula, including Brooklyn and Queens, as well as Chicago and Dallas later this summer.
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