Items tagged with stocks
Love him or hate him, Mark Cuban is a billionaire and he didn't amass his fortune by accident. Now the owner of the Dallas Mavericks and the face of Shark Tank, a reality TV show in which would-be entrepreneurs and inventors seek investments for their products or ideas, Cuban is persistently involved in various business ventures and is acutely aware of the landscape. That doesn't mean he's always right, and there's room to debate his latest claim that today's tech bubble is "far worse" than the one from 15 years ago. Cuban made his thoughts known in a new blog post on Wednesday. He starts off by reminiscing of the "good old days" when it was typical for stocks to go up anywhere from $25 to more...
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Way back in late 2007, we declared "the sky's the limit for Google stock," which at the time was trading at just over $600 per share. Nearly six years later, that might still be true. The sultan of search set a record earlier this week, becoming the first tech firm to surpass the $800 per share mark. That in itself isn't terribly meaningful in the grand scheme of things, though it does underscore that Google is still very much relevant and that its business strategies are working. Google's an advertising behemoth, and also a rich source of personal information, which it collects through a variety of popular services. Now a thriving business, Google's market capitalization is worth $262.82 billion...
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Finicky investors weren't as high on Apple yesterday as they have been in the past. Apple's share price dropped 6.4 percent on Wednesday, representing the company's biggest single-day drop in four years and shaving $35 billion from its market cap. What gives? That's a good question, and there are no concrete answer to be found, only theories. One of them comes from Mercury News, which believes it has to do with dividends. In order to avoid possible tax hikes on cash as a result of the so-called "fiscal cliff" that's around the bend, companies have already started dishing out dividends for next year. Apple hasn't, however, so the theory goes that investors are taking their profits today to avoid...
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OCZ has seen quite a bit of action inside of its walls this past year, and clearly, not all of it has been ideal. In fact, it wouldn't be a stretch to equate the goings-on inside the company to like being on a roller-coaster - the company has definitely had its share of ups and downs. In September, problems within the company began to become obvious to the regular watcher as Ryan Peterson, someone who had been with the company since its inception, stepped down. A month later, Board Member Ralph Schmitt stepped in. At the time of Ryan's departure, OCZ's legal hassles began to mount, and when taking a look at any stock news feed, the reality is - OCZ has a battle ahead of it. In every case, shareholders...
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When you're hot, you're hot, and when you're cold, well, things are still pretty good if you're Apple. Ahead of the iPhone 5 launch, the Cupertino company saw its share price hit an all-time high a couple months ago, reaching more than $705. Since then, Apple's share price has been steadily declining. Now that the dust has settled from the iPhone 5 launch and iPad mini hype, Apple's share price has started to come down, closing at $526.59 entering the weekend, the lowest it's been in the past six months. In pre-market trading ahead of Monday morning's bell, Apple's share price is up slightly to $527.68, still well below its recent high. That's a big disparity between the two, but to put it into...
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Not even a week after Apple held a press event to announce the iPhone 5 (and new iPod models), the company's share price has shot up and above the $700 mark, ending the day at $702.10 on Wednesday. Apple's market capitalization now sits at $658.15 billion, an obscenely high valuation that underscores the legacy Steve Jobs left behind. Credit should be given to Tim Cook as well. He had big shoes to fill when Jobs passed away, and Apple is more valuable than ever before under his helm. Of course, Apple had enough momentum going that, in the short term, it would have seen some measure of success no matter who took over. But after a little more than a year of sitting in the driver's seat, Cook has...
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You can file this one under Things Everyone Already Assumed, but a couple of reports noted that in the wake of Friday’s Apple vs. Samsung patent ruling (in case you didn’t already know, Samsung lost big time), Apple’s stock price was up this morning, while Samsung’s dropped. Apple’s stock price opened today (the first day of trading since the verdict) at a record $680 per share, a notch above its old record of $674.88. (As of this writing, it’s settled a bit, down to $677.43) Meanwhile, Samsung saw a stock price drop of 7.5%. Although Samsung is planning to appeal the decision, the company is currently on the hook for over a billion dollars in damages that...
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At this point in the game, Apple might as well have a license to print money. The Cupertino company's share price soared to a new high on Friday, reaching $648.11 at the closing bell, which gives Apple a market capitalization of $607.54 billion. In after hours trading, the stock is up to $649, an indication that a new high is on the horizon. Apple's stock has been rising steadily since mid-May when the share price was just over $530, and the recent surge comes just before the company is set to announce the iPhone 5, which will likely be unveiled in September. There's also been a fair amount of chatter surrounding an iPad Mini device to compete with the 7-inch tablet category. Image Source: Flickr...
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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 three months. IPod sales were little changed in the U.S., signaling that demand for consumer...
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On Wall Street, one man's loss is often another man's gain. And for investors, if one sector of the market goes bad, you don't hide the money in the mattress, you look for another sector. Since financial companies are taking a pounding over fallout from subprime mortgage investments, everybody's heading for the exits there and pounding on the door of Technology to make their money now. Standard and Poor's Scott Kessler talked to BusinessWeek about this "Tech Stock Summer of Love." In the last 13 weeks through Aug. 24, the S&P Information Technology index has been the best performer among the 10 sectors tracked by Standard & Poor's, with a gain of 3.1%, vs. a 2.4% drop in...
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Why would you want the telephone company to replace your copper wires with fiber-optic service? Duh. "It's insanely better," he said. "I downloaded Microsoft SQL Server Service Pack 1, a 252MB file, in two minutes, 30 seconds. It's to the point where the speed of your throughput is gated by the speed of the remote server, rather than your local interface." For $40 per month more than he had been paying for a 6Mbit/sec. cable modem connection, he became an early user of an FTTH service from Verizon Communications Inc. called FiOS, with 30Mbit/sec. downstream and 5Mbit/sec. upstream. Instead of a pair of copper wires connecting his house to the...
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