Items tagged with Stock
Billionaire investor and activist shareholder Carl Icahn didn't blink twice at Apple becoming the world's first $700 billion company. In fact, he thinks the Cupertino outfit is worth nearly twice as much. According to Icahn, Apple's stock should be trading at 20 times earnings per share -- with net cash of $22 per...
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I always find it interesting to watch how investors react to different Apple related news. Here is a company that, more often than not, posts record quarters with sky high revenues and profits that most firms only dream of, yet stock holders look for any sign to hit the panic button, sending shares down temporarily...
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Behind closed doors, Apple is expecting its iPhone 6 launch to not only break records, but to shatter them. Shareholders are evidently in the same boat, and as we inch closer to the iPhone 6 debut -- Apple is expected to announce the device during a scheduled press event on September 9, 2014 -- the Cuptertino...
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It seems like a century has passed since Facebook's IPO and subsequent stock performance came under scrutiny. Turns out all Facebook needed was to post a stellar earnings report, as it did earlier this week, and investors would be frothing at the mouth to own a chunk of the world's most popular social playground. In...
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Take a wild guess which technology company now has a higher market capitalization than the mighty Oracle? Facebook, as it turns out. In the latest turn in what has been a wild ride (in both directions) since going public, Facebook's stock has surged on solid earnings to a record high. Now, the world's dominant social...
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It's hard to imagine a world where Bill Gates isn't directly vested in Microsoft, the company he co-founded and that made him a multi-billionaire. But as weird as that may be to fathom, Bill Gates may be all out of Microsoft shares within the next four years if he keeps selling them off at the pace he's been on for the past 12 years. As part...
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If you could switch financial situations with anyone in the world today, former Google chief and current executive chairman of the search giant Eric Schmidt wouldn't be a bad candidate. The guy has a net worth north of $10 billion (with a "B"), and just in case he needs a little extra dough for a rainy day, Schmidt...
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Investors reacted negatively to Amazon's fourth quarter financial report despite that fact that the e-commerce giant announced a 20 percent year-over-year sales increase to $25.59 billion. Operating cash flow increased 31 percent to $5.47 billion, operating income jumped 26 percent to $510 million, and net income climbed to $239 million, or...
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Apple this week reported its first quarter financial results ended December 28, 2013. In terms of dollars coming in, it was a solid quarter for the Cupertino outfit, which posted record quarterly revenue of $57.6 billion for a quarterly net profit of $13.1 billion, or $14.50 per diluted share. Those figures are up from revenue of $54.5 billion...
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Alongside Yelp, Facebook, Groupon, and LinkedIn, the world is welcoming yet another social behemoth onto the public trading floor today. Twitter, the microblogging service that evolved from a place to tell people about what you were eating for lunch into a place where news is broken, is now a publicly traded company...
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Typically, Fridays on Wall Street are comparatively quiet, and often, they sag a bit lower than other weekdays. It's the end of the work week, volume is lower, and hardly any company announces spectacular, can't-miss news on a Friday. But if you're Google, you're pretty pleased with how Friday treated you. Google's...
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Another week, another tech-related IPO. While Facebook's stock has been on a long, mostly downward ride since its IPO, it recently surged past its initial offering price. Soon after, its archrival in the social networking space has decided to pull the trigger as well. Recently valued at over $10 billion, Twitter has...
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At long last, it's a done deal. Sprint is no long walking on its own. Instead, it's now a part of SoftBank, a Japanese telecommunications giant. As of now, the two have completed their merged, with SoftBank to own around 78 percent of the shares involved in the "new" Sprint Corporation. Existing Sprint equity owners will hold on to the other...
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The Web isn’t difficult to navigate if you bring along some common sense and a healthy dose of skepticism, but those traits are sometimes in short supply among stock traders. Lately, would-be moguls are falling victim to scammers who are trying to influence the market with social media accounts that are designed...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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...
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