Tech Business Roundup: GE Gets into Software, Angie’s List Up 25% in Debut
General Electric (NYSE:GE) is launching a $1B research center in the San Francisco area to speed up innovation and commercialization of new technologies. An exec says the energy, health care, aviation, and transportation sectors will be serviced with a new generation of intelligent systems. GE will be viewed in the future as a software company.
Nokia (NYSE:NOK) Lumia 800 phones have broken pre-order sales records for Nokia (NYSE:NOK) devices, claims British carrier Orange (NYSE:FTE). In addition, Nokia (NYSE:NOK), which currently has little presence in North America, is said to be in talks with AT&T (NYSE:T) to sell Windows Phones (NYSE:MSFT).
Google’s (NYSE:GOOG) new music service support for independent artists, who can sell music on their own, helps make it a big deal according to Matt Rosoff. However, the fact that Warner, one of the big-4 music labels, isn’t yet supported could prove a major issue, which could be pivotal in having success like Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL).
NetApp (NYSE:NTAP) is down. After delivering weak guidance to go with its FQ2 beat, the company noted strong Asia-Pac demand and a rebound in financial sector orders. They also noted the rich feature set of the latest version of its Data ONTAP OS. Concerns were raised however about macro issues and Thai flooding. Oppenheimer (Perform) thinks “increased competition from Dell (NYSE:DELL) and EMC Corporation (NYSE:EMC) ” could also be an issue.
Angie’s List (NASDAQ:ANGI) posts its first post-IPO trades. Shares were jumping as high as $18 from the offering price of $13.
Investing Insights: Angie’s List to Bask in Groupon’s Glow.