Apple Analyst Predicts iPad Event and 3 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL): Closing price $460.20
A noted analyst said that he expects Apple to hold some kind event this spring, mostly like to reveal a type of updated iPad. In a note to clients this week, Gene Munster of Piper Jaffray & Co. wrote, “We believe that looking at the history of time between Apple product launch events suggests that the company will introduce something new in March or April. Over the past two years, the Spring event has been iPad updates.”
Google Inc. (NASDAQ:GOOG): Closing price $791.90
After an Australian software developer said the company was providing him with personal information including email addresses of everyone who purchased his mobile app, Google Inc.’s privacy practices are drawing heat.
Microsoft Corporation (NASDAQ:MSFT): Closing price $28.01
The iPad has a lot of apps, but if there is a glaring hole, it is the absence of Microsoft Office. Although there have been reports that Microsoft has built an iPad version of their Office suite of programs, the company has yet to release them. Those programs will include Microsoft Word, Excel and PowerPoint. So how much is Microsoft leaving on the table by not placing Office on the iPad? About $2.5 billion a year, estimates Morgan Stanley analyst Adam Holt.
Intel Corporation (NASDAQ:INTC): Closing price $21.11
Intel Corporation remains a decent, long-term play based on their 4% dividend yield and massive market share of the semiconductor business. Furthermore, the post-PC negativity is overdone since there remains a good utility in laptops and PCs, even if tablets are on the rise. Maybe they have not figured out mobile yet, but they are rolling out chips that will work with Android devices, a positive that could make a big splash.
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