4 Tech Stock Stories for a Weekend Download
Google Inc. (NASDAQ:GOOG): Closing price $923.00
Google Executive Eric Schmidt said at the annual Allen and Co. media conference in Sun Valley that the relationship between Google and Apple has improved during the past year, with the rival tech firms and sometimes partners conducting “lots and lots” of meetings. Although Schmidt did not supply details regarding the nature of the meetings during comments to reporters, he noted that Google Chief Business Officer Nikesh Arora, who accompanied him at the press briefing, was leading several of the discussions. Schmidt did say that the two companies are in “constant business discussions on a long list of issues.”
SunPower Corp. (NASDAQ:SPWR): Closing price $25.95
SunPower has been named by analysts at Baird as their top pick among solar firms, saying SunPower’s diverse consumer base is its big asset. Domestic solar companies have reported impressive one-year and year-to-date returns, based on increased demand and the availability of government subsidies. The beefed-up demand has helped remove excess supply that companies have experienced recently, with some expected to decline in 2014. In a note to clients this week, analysts wrote that successful companies will zero in on their “downstream” business like financing, installation, and maintenance, in addition to panel manufacturing.
eBay Inc. (NASDAQ:EBAY): Closing price $57.04
On Friday morning, eBay announced the intro of a new iPhone application named eBay Exact, which allows users to browse and purchase customizable print-on-demand merchandise from the three top 3D printing companies: newly-purchased MakerBot, Sculpteo, and Hot Pop Factory. The application features about 20 categories at launch, primarily jewelry and tech accessories, such as iPhone cases. The items start at about $9 for an iPhone case, and run as high as $350 for a metal ring, and can be configured then ordered directly through the mobile application. After that, Ebay’s partners will ship the products directly to consumers within 7 to 14 days.
3D Systems (NYSE:DDD): Closing price $47.95
3D Systems and Deloitte on Friday said they have formed an exclusive alliance, hoping to jointly assist firms and industries in adopting and integrating 3D printing design and manufacturing systems into their businesses for a sustainable competitive advantage. This pioneering, multi-year alliance will unite 3D System’s products and solutions with Deloitte’s strategy, tech, and industry-specific consulting services. Through the alliance, both companies hope to develop a platform for experimentation, learning, adoption, and business transformation powered by 3D printing solutions and capabilities.