Tech Business: GameStop Disappoints, Dell Enters Market to Buy
Netflix (NASDAQ:NFLX) continues its recent rally. This comes after announcing the launch of its streaming service for the U.K. and Ireland. The company is offering the service for 5.99 pounds/month in the U.K and 6.99 euro/month in Ireland, and has established a long list of content partners. Concerns exist about Netflix’s licensing costs, as well as competition from Amazon’s (NASDAQ:AMZN) Lovefilm subsidiary.
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GameStop (NYSE:GME) shares slip after the firm says it expects same-store sales for the fourth quarter and full-year 2011 to be down 1% to 2%. This expectation comes after sales of new game titles only slightly offset a sharp decline in hardware sales over the holiday period. The firm notes that it retired the remainder of its long-term debt and starts off 2012 with a debt-free balance sheet.
Apple’s (NASDAQ:AAPL) shipments are believed to have held steady, thanks in part to a 20% quarter over quarter shipment increase for the MacBook Air. The notebook relies on flash memory for storage instead of a hard drive. Digitimes Research estimates global notebook shipments fell 8.7% quarter over quarter in the fourth quarter, typically a seasonally strong quarter, thanks to the hard drive shortages caused by lost Thai manufacturing capacity.
Dell (NASDAQ:DELL) CEO Michael Dell advises that the firm will look to make acquisitions in the solutions and services space. It continues its transformation away from being a pure PC seller, and there may also be an expansion of the firm’s IP portfolio through strategic buys.
Brocade Communications (NASDAQ:BRCD) is halted due to a Reuters report it has received bids from a “handful” of buyers. The firm has reportedly hired Qatalyst Partners (Frank Quattrone) to look into a sale.
Google (NASDAQ:GOOG) may have been interfering with a September raid by deleting documents instructing its employees to work from home and by limiting access to local search engines on Android devices. South Korea’s Fair Trade Commission had been investigating these two issues, though it’s worth noting Korean regulators have butted heads with Google over other matters as well.
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