Tech Business: Activision’s Victory, Groupon’s Repricing
Google (NASDAQ:GOOG) looks set to get serious about rewarding artists with royalties for songs used on YouTube. With the purchase of licensing tech firm RightsFlow for an undisclosed amount, will make it easier for Google to implement its plans. YouTube Product Manager David King says the deal will help provide “smart copyright management” on the site.
Activision’s (NASDAQ:ATVI) claims Call of Duty: Modern Warfare 3 achieved $1B in sales in its first 16 days. The company expectations come in a year when movie box office receipts are expected to fall 4%. Thus the sales number is indicative of gaming’s growing share of consumer entertainment spending. Fair enough, but long-term trends within gaming spending may not be entirely in Activision’s favor.
Investing Insights: David Miller: Upgrading Tivo For These Reasons .
Intel (NASDAQ:INTC) cuts Q4 guidance, expecting revenue of $13.4B-$14B against a previous estimate of $14.2B-$15.2B. The firm blames a reduction in inventories and microprocessor purchases across the PC supply chain due to hard disc drive supply shortages.
Apple’s (NASDAQ:AAPL) manufacturing transition to the next-gen iPad is expected to be abrupt, DigiTimes claims. Q1 production is totaling 9.5M-9.8M units (compared with just 4M-5M for the iPad 2). Investors in major iPad 2 component suppliers, such as BRCM, STM, SWKS, and TQNT, will want to keep a close eye on which names Apple decides to rely on for its next tablet.
H-P (NYSE:HPQ) warms to building servers using ARM-based (NASDAQ:ARMH) chips, as engineer Michael Wolfe argues it’s time for them to be considered for high-performance computing applications. Compared with the Intel (NASDAQ:INTC) and AMD-based chips that dominate the market, Wolfe claims ARM-based chips not only consume less power, but could offer integration and customization benefits.
Groupon (NASDAQ:GRPN) is down as Yipit downwardly revises October gross billings because it accidentally double-counted some of the online daily deal company’s more complex deals involving multiple price points. Yipit now says gross billings rose just 1.5% to $147M, vs. previous 22% to $176M.
Pandora (NYSE:P) retreats again as Ganaxi Capital reports the company has fallen out of favor with fund managers right and left.