Iterations: How Tech Hedge Funds And Investment Banks Make Sense Of Apple's Share Buybacks
Apple has a good deal of cash. And, in the Valley, the startup ecosystem -- for many reasons -- wants to see Apple spend that cash. As their cash pile continued to grow as their stock price and market cap soared, Apple's inability to provide robust software services combined with opportunities to expand their reach through acquisitions has become a fancy parlor game which includes every stripe of public and private investor imaginable. On top of this, pumping even a small percentage of cash pile into acquisitions could provide another pool of much-needed liquidity for founders and investors alike. While it all makes sense on paper, part of what makes Apple "Apple" is that they operate in the way that they want to -- not how the market wants them to. Recently, in response to a variety of pressures to do something, to do anything, Apple announced a two-part share buyback. There are many explanations for this financial strategy, and while the Valley may have their own analysis, I reached out ...
How BlackBerry Is Riding iOS and Android To Power Its Comeback
alancronin sends this excerpt from ZDNet: "... the trend that brutally undercut BlackBerry phones during the past five years — the 'bring your own device' movement — is now driving significant sales of BlackBerry Enterprise Service (BES), the company's backend software. 'Our customers have been asking, "Can you just take what you've done on BlackBerry and put it on iOS and Android?"' said Pete Devenyi, BlackBerry's SVP of Enterprise Software. ... Secure Work Space will be an app in the Apple App Store and Google Play, pending approval from Apple and Google, respectively. It will include secure email, calendar, contacts, tasks, and document editing. It won't allow data leakage including copy and paste between Secure Work Space and the rest of the device. IT will be able to remotely wipe everything in the Secure Work Space without affecting any of the other apps or data on the person's device, in a BYOD scenario."
With Google Play For Education, Google Looks To Challenge Apple's Dominance In The Classroom
Google I/O, the company's sixth annual developer conference, got officially underway in San Francisco on Wednesday, and it was an eventful day. It took the company every minute of its epic three-hour keynote to unfurl a laundry list of announcements and updates, seemingly across every product category in its arsenal -- from Android, Chrome and Search to Maps, Google+ and Hangouts -- each with a fresh coat of paint. We even saw the arrival of Google's very own subscription music service, today, which is already being touted as a potential Spotify killer.
Indie Music Agency Merlin: iTunes Remains Biggest Digital Destination; Spotify And Amazon 2nd And 3rd; Streaming Still Just An Opening Act
On the heels of Google wading into the music streaming waters with its Google Play Music All Access service, with a $10 fee for all-you-can-eat streamed tracks, the indie music agency Merlin has today published some results of a recent survey of its 20,000-label member group, plus an analysis of 6.5 billion music streams over the last year, which spell out where the money is coming from today. It notes that streaming services are making increasing headway as a revenue driver for musicians, but that digital downloads -- specifically Apple's iTunes -- are still ruling the roost.
Google Stock Price Closes At 52-Week High Of $915 On First Day Of Google I/O As Apple Takes Another Drop
Google’s stock price came close to its 52-week high on the first day of Google I/O today, hitting $915 per share at close. In comparison, Apple today dropped 15 points to close at $428 per share, 277 points off its 52-week high. This morning, Google stock jumped to $909 per share from its opening price of $895 when Co-Founder Larry Page hit the stage at around 11:45. It is now trading at $916.50 in after-hours trading. One analyst I talked to attributed the increase to Google’s announcement of its “all access” streaming service and the rotation out of hardware makers such as Apple and HP. The difference between Google and Apple’s share price is a barometer of the tech landscape. Google is a data company. Apple is more about design, creating beautiful devices. The difference is evident here at Google I/O. Google has built its infrastructure to manage more data than arguably any company in the world. It uses ths data to provide services that it highlighted today in its keynote. ...