Techquity: Mobile moves from Apple, Microsoft; VMware weak
Wednesday, January 30, 2013 - 03:42
Jan 29 - Apple and Microsoft announce new products while VMware gives a cautious outlook.
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Apple is targeting business customers. The company's coming out with a new iPad with more storage the fourth generation device with a Retina Display like this one. We'll have 120 gigabytes of space up from the 64 on the largest version. Apple's release touts success in getting as it -- it virtually all the fortune 500 either -- deploy its talent. The Wi-Fi only version runs 799. Dollars and the first with a phone connection cost 929. Goes on sale next week. Apple shares getting a lift up more than 1%. One piece of software -- will have a harder time running on that iPad comes from Microsoft one of our best of the rest. The software giant launching its latest version of office which won't be available as an app on Apple's tablet. In the office 365 will be readily available on Microsoft's surface tablet other devices. It cost 100 dollars a year for online access to outlook email excel in other desktop staples. On up to five devices the product will be constantly updated and won't require users to download fixes or improvements. The new subscription services key for the company's. Outlook is its most profitable product. But it faces tough competition from Google which offers its competing online product for free to consumers and fifty dollars a year to business users. Shares or roughly flat today you're 28 dollars. FaceBook reports results Wednesday after the bell analysts are expecting to see improvement in mobile revenue made up their price targets ahead of the report. That includes Credit Suisse which raised its sales and profit forecast for the quarter. The -- I think shares already reflect near to medium term benefits. Credit Suisse hiking -- story from 24 dollars to 31 dollars the stock down 3% of the 31 dollar range. Options trading ahead of earnings shows big bets made on both sides of its current price according to what's trading dot com. Amazon reports its earnings after the market closed investors will be eyeing its revenues after the company had its biggest holiday shopping season ever. Also in focus the Kindle fire tablet. Which is its top selling item. And third party sales growth which helped fatten profit margins Amazon's bottom line has disappointed Wall Street in the last two quarters. Amazon's stock which rose 36% last year -- is down more than 2% ahead of its report. Bristol-Myers honeymoon as Yahoo! CEO may be coming to an end. The stock is falling two and a half percent today despite positive earnings results. Even price target hikes by eight brokerages couldn't lift the stock has risen roughly 30% since Meyer became CEO in July. Partly due to huge stock buybacks. Yahoo! -- the slight increase in revenue for this year and Yahoo!'s net income beat expectations but fell in the fourth quarter. Soaring inspiring time our look at movers first story is you're a wireless. The provider of mobile broadband modems sold assets to next year for 138. Million dollars in cash. Equal to about half its market cap. It also reported preliminary revenue above forecasts shares up 14%. And sputtering VMware. Software maker gave a cautious outlook for 2013. It's that it plans to cut about 7% of its workforce as part of a restructuring. Shares down 20%. That's kept putting this Tuesday remember you can follow on Twitter RT RS equity. I'm Fred Katayama and this is --
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