Toshiba is in desperate straits financially by incurring massive losses on its U.S. nuclear power plant business and is planning on selling off 20% of its semiconductor business.
The country’s fourth largest wireless carrier, Sprint Corp. (NYSE: S), announced this morning that it had agreed to acquire a one-third interest in streaming music service Tidal, an artist-owned service run by rap star Jay Z, for a reported $200 million. Perhaps not since Apple Inc. (NASDAQ: AAPL) paid $3 billion for Beats has a company overpaid so much for a music company.
Research and Markets has announced the addition of the "Global Containerized and Modular Data Center Market 2017-2021" report to their offering.
On Monday, wireless carrier Sprint (S - Free Report) announced it will be purchasing a 33% stake in the streaming music service Tidal, owned by hip-hop mogul Jay Z.
In a previous article, I said I would look positively on IBM if the company could stop the declines in revenue and earnings.
Is this the beginning of the end of Apple (NASDAQ:AAPL) as we know it? Has the largest market cap in the world finally become just too large? Bluntly, will the super-cycle scenario fears prove true or false? The latest quandary circling Apple is the fears of a super-cycle consumer, smash-and-grab for the iPhone 8. These fears sympathies a massive upgrade cycle for the now ubiquitous iPhone 8 leading to a slow, but inevitable decline in sales and shares.
One of Monday's biggest losers is Qualcomm (NASDAQ:QCOM), after Friday's announcement that Apple (NASDAQ:AAPL) is suing the chip company over patent royalty tactics. While this puts in question the relationship these firms will have going forward, the sharp drop in shares of Qualcomm makes this stock worth another look, especially for investors looking for income opportunities.
Qualcomm (NASDAQ: QCOM) is not having a good January. After the FTC complaint on January 17 alleging QCOM's anticompetitive sales and licensing tactics, Apple (NASDAQ: AAPL) sued the company for $1bn for abusing its monopoly position. Qualcomm's stock has cracked to a fresh 3-month low of $62.62, and more cuts may be in store for the stock.
Shares of mobile chip giant Qualcomm (NASDAQ:QCOM) fell sharply on Monday as analysts downgraded the stock following news that Apple (NASDAQ:AAPL) was suing the company. This lawsuit came just a few days after the Federal Trade Commission formally charged Qualcomm over anti-competitive behavior. Qualcomm stock was down about 13% at 11:15 a.m. EST.
On Monday, shares of chipmaker Qualcomm Inc. (QCOM - Free Report) are tumbling, down around 14% in morning trading after the company was hit by multiple downgrades, as well as Apple Inc.’s (AAPL - Free Report) recent lawsuit.
It is complicated but I will try to connect some of the dots to make it easier to understand.
I think that the low volatility will stay here in the medium term until we can truly understand the policies enforced by the new administration.
Last week, mobile chip giant Qualcomm (NASDAQ:QCOM) found itself on the receiving end of not one, but two antitrust complaints: one from the Federal Trade Commission (FTC), followed shortly thereafter by one from Apple (NASDAQ:AAPL). That sounds like a powerful double whammy of litigation, but the FTC's complaint may not actually have all that much staying power due to the recent presidential administration change.
Pandora was up in after hours trading on Friday, causing more stir and conversation about a potential acquisition.
There's a lot going on in Apple's (NASDAQ:AAPL) lawsuit against Qualcomm (NASDAQ:QCOM). One of the main things that Apple is seeking is nearly $1 billion that it says Qualcomm owes. Apple has been paying what it considers inflated royalties for years, which are passed along in full from its contract manufacturers that have inked licensing deals with Qualcomm. Qualcomm is supposed to license its patents at fair, reasonable, and non-discriminatory (FRAND) rates.
2016 was a good year for us, but now it is time to look forward to 2017.
eBay Inc. (EBAY - Free Report) will report fourth-quarter 2016 earnings on Jan 25 after the bell. Over the last one year, the stock has underperformed the Zacks Internet - Commerce industry. It has gained 17.24% compared with the industry’s gain of 31.31%.
Healthcare spending in China has been increasing over the past few years and China is now the second largest healthcare market in the world.
Warren Buffett's Berkshire Hathaway (BRK.A/BRK.B) is getting over $10 billion from AIG (NYSE:AIG) for a reinsurance deal. Under the agreement, Berkshire's maximum liability is $20 billion. Many market participants have been eager to hear from Buffett following the change of administrations. While Buffett opposed President Trump's candidacy he commented that,
Clearly, IBM cannot handle debt reduction. Are we then expected to believe net equity will grow?
Lam Research Corporation (LRCX - Free Report) , a leading provider of semiconductor manufacturing systems, is expected to beat expectations when it reports second-quarter fiscal 2016 results on Jan 25.
After years of "forced" exclusivity, Apple finally added another baseband supplier in the iPhone 7. Image source: Apple.
Shares of IBM (NYSE:IBM) were all over the place after the company's 4th quarter results. The bulls celebrated a revenue and earnings beat along with what appeared to be decent guidance, while bears pointed to one-time gains and more revenue declines. While IBM shares are currently near their 52-week high, it appears that the large rally has fully priced in the company's turnaround. In the end, there are more near-term risks to the downside, as this evolving old tech name continues to be stuck in the mud.
Alphabet Inc. (GOOGL - Free Report) will report fourth-quarter 2016 earnings on Jan 26 after the bell.
In customary fashion, the voting machine initially drove the stock lower after hours in reaction to 19 consecutive quarters of decreasing revenues.