Items tagged with Stock

We've always heard that you can't take it to your grave, but one has to wonder why the former co-CEO of Research In Motion chose now to dump every last bit of remaining RIM stock. Jim Balsillie has liquidated his shares in RIM, leaving him zero shares, zero power to vote, and zero percent of class. He sold everything. A year ago, he still help 5.1% of the whole company, and now, he's powerless over it. In December of 2011, Balsillie had 26,840,490 shares of RIM stock. Even with RIM's amazingly low stock price of around $11, he's still coming out with nearly $300 million. But the timing here makes... Read more...
Eric E. Schmidt, Google's Executive Chairman of the Board of Directors, will become ever more wealthy. Already a member of the One Percent club, Mr. Schmidt will be selling roughly 42 percent of his stake in Google. In total, that's 3.2 million Class A shares of common stock. According to an 8-K filing put out today by the company, this "pre-arranged trading plan was adopted in order to allow Eric to sell a portion of his Google stock as part of his long-term strategy for individual asset diversification and liquidity." As of December 31, 2012, Eric beneficially owned approximately 7.6 million... Read more...
Perhaps as the result of a momentary sense of panic following Foxconn's reiteration that those newfangled iPhone 5 models are a bear to build, investors grew slightly skittish yesterday and sent Apple's share price down nearly 4 percent by the end of the trading day. Apple stock is now the lowest it's been in five months. "It's not easy to make the iPhones. We are falling short of meeting the huge demand," Foxconn Chairman Terry Gou recently stated. That's not the only reason Apple's stock is getting battered. It's down over 20 percent from a three-month high of more than $700 per share, the price... Read more...
Apple had some brilliant days on the stock market in recent months, but Google has been gaining ground, too; in fact, according to Fox Business News, the search giant is headed for its biggest quarterly rally in 7 years. This quarter, the company’s stock price is up 30%, which torched analyst expectations. Over the summer, there was a bit of brow-furrowing over Google’s heavy investment in Motorola as well as the quarters-long decline in its cost-per-click earnings, but cost-per-clicks are back up (just 1%, but still up) and Google saved itself quite a bit of cash by axing 4,000 jobs... Read more...
It's taken nearly 13 years, but Apple finally broke a record set by Microsoft in 1999 for having the highest market capitalization. In the weeks leading up to the much anticipated iPhone 5 launch, and amid rumors of an iPad Mini device to compete with the flurry of 7-inch Android tablets, Apple's stock on Monday closed at $665.15, an all-time high that resulted in a market capitalization of more than $624 billion. Apple managed to keep the momentum going for a little while today as the company's stock surged to a high of $674.88, though it's currently trading at around $657. It doesn't matter though,... Read more...
At nearly $590 per share, you might be wondering how you can afford to purchase shares of Apple (AAPL), especially in this economy. But if you have money to invest, a better question to ask is how can you afford not to purchase Apple stock? That might sound absurd, but in a note to investors, Topeka Capital Market's Brian White reiterated a Buy rating and said that "investors should think of Apple's market cap potential in terms of trillions, not billions." White's recommendation comes at a time when some are wondering if $500 billion is a market threshold above which Apple will have a hard time... Read more...
Apple Ups Its Stake Of Imagination Tech to 9.5% LONDON, June 26 (Reuters) - UK chip designer Imagination Technologies Plc (IMG.L) said on Friday iPhone maker Apple Inc (AAPL.O) has upped its stake in the company to 9.5 percent following a share placement and recent share purchases. Stake-building in Imagination Tech by both Apple and U.S. chipmaker Intel Corp (INTC.O), which now owns a 16 pct stake, ignited takeover speculation and drove up the share price earlier this week, although the shares have dropped back over the last couple of days as bid hopes have faded.Imagination Tech said in filings... Read more...
Sprint released their Q4 2008 results on Thursday. It wasn't pretty. Yet their stock soared nearly 20%. Why? Sprint lost 1.3 million net wireless customers in the quarter. Overall, in 2008, Sprint lost 4 million customers. At the same time, in Q4 2008, Sprint had a net loss of $1.62 billion, or $0.57 a share, on revenue of $8.43 billion. Yet the stock rose $0.54 a share, 19.93%. Once again, why? The Palm Pre, and a rumor, that's why. An anonymous source told CNBC that Sprint has exclusivity on the Palm Pre until the end of 2009. That was enough to send the stock rising.  Of course, this morning... Read more...
We all know Silicon Graphics Inc. (SGI) as the company that has historically made high-end workstations for creating and rendering 3D animations for games and movies. But there is a whole other side to the company that many are probably less aware of. This very lucrative part of SGI feeds high-performance computing (HPC) solutions to the government and military. (Interesting tidbit: Silicon Graphics once owned the supercomputing company Cray.) And now it looks like some of SGI's recent implementations are helping to keep the U.S.'s nuclear weapon stockpile in check.  SGI announced that has... Read more...
In case you missed the brouhaha on Monday, United Airlines' stock dropped from $12.50 to $3 per share in the matter of 15 minutes because of an Internet bot--and not just any old Internet bot--the king of all bots, the Google News crawler. The circumstances that led up the event were confusing, fingers were pointed every which way, and conspiracy theorists cried stock manipulation. Now that dust has settled somewhat, the pieces of the puzzle have started to come together in this odd series of events. Apparently the origins of this butterfly effect date back to December 10, 2002, when the Chicago... Read more...
With the so-called "Amazon Tax" taking effect in New York state on Sunday, Overstock.com filed suit Friday against New York, joining Amazon.com, which filed a similar lawsuit in early May.Overstock.com, which is based only in Utah, has no operations in New York, and sells exclusively through the internet, views the new law as unconstitutional under both New York and federal constitutional provisions, including due process clauses under both constitutions and the commerce clause of the U.S. Constitution as well. The complaint filed in the New York Supreme Court calls upon the court to issue an injunction... Read more...
Have you heard of the so-called "Amazon Tax?"  It's New York State's attempt to force etailers collect sales taxes if they have affiliates in New York.  Amazon.com has already sued over it, and Overstock.com has decided it won't collect the tax either - but it has taken a different route.Overstock.com is apparently taking a different approach. The company has begun sending out letters to affiliates in New York, letting them know that the company will, at least temporarily, be ending its relationships with NY affiliates.In other words, New York doesn't get to collect any taxes from Overstock.com,... Read more...
South Korean electronics conglomerate Samsung's Chairman Lee Kun-hee has resigned after being indicted for tax evasion. He'll likely lead a small exodus of other executives out of the building as well. Well, let's give the guy credit for two things, anyway: He didn't think small, as he is accused of evading $113 million in taxes; and unlike the mealy-mouthed non-apologies we're becoming accustomed to here in the United States when a prominent person is exposed as a cheat or a liar, the guy knows how to 'fess up."I today have decided to resign from the post of chairman of Samsung Group," Lee told... Read more...
Apple stocks tumbled 11% post-MacWorld, perhaps as a result of nothing more impressive than the MacBook Air to show off this year.  That's not to say that the MacBook Air isn't impressive, but it's hard to outdo the announcement of the iPhone and Apple TV with a thin & light laptop that doesn't really cater to either the college crowd or the professional markets:“Chief Executive Officer Steve Jobs spooked investors by failing to meet the most optimistic projections for first-quarter profit and forecasting sales growth that would slow to 29 percent this quarter from 35 percent in the previous... Read more...
Prev 1 2 3 Next