Apple's chief executive is building a team capable of sustaining success over the long term. So why root for him to be fired?
Running a big company is not like running a baseball team.
We're used to calling on the managers or general managers of our favorite teams to be fired willy-nilly, and they often are, in all sports. Even though we know that long-term success comes from keeping faith with someone through the hard times, we still do it.
So why don't we have patience with Apple (AAPL) CEO Tim Cook? Obviously, it's because a lot of people have lost a lot of money over the last six months, making short-term bets on the long-term proposition that is Apple Inc.
Shares of the small-cap audio chipmaker should easily outpace the tech giant's own gains on the investor excitement that inevitably will greet release of the next Apple product.
Once people start wearing Google glasses, there will be zero privacy in public. That may be a creepy prospect, but it would have been useful at the Boston Marathon finish line.
Google (GOOG) this week started delivering the first batch -- probably a few hundred, at the most -- of its Internet-enabled eyeglasses to early adopters. Production and sales will ramp up in stages in the coming weeks until they become generally available, probably within about a year.
Now, imagine that we could shift some parts of history by a year or two. Imagine that most people in public this week were wearing Google's eyeglasses, recording all audio and video almost all the time.
Let me suggest this: The case of the Boston bombings would have been solved within minutes, perhaps seconds. With hundreds or thousands of people wearing Google glasses, hardly one movement or word acted or spoken in public would have remained unrecorded. There would be no mystery as to who did it.
Even with Apple set to enter Internet radio fray, Wall Street is beginning to recognize that Pandora enjoys first-mover advantages that make it tough to dislodge.
By and large, most tech and music websites get the Pandora Media (P) story horribly wrong.
But the tide appears to be turning.
Not only is Pandora's stock up but the news flow is relatively positive, as more stories reflect a seemingly new-found comprehension of Pandora's competitive advantages, and of the true meaning of Apple's (AAPL) all-but-certain entry into Internet radio.
Dismal conditions in the PC market are hobbling the world's largest semiconductor maker. But Intel is making the investments it needs to excel in other markets.
By Joseph Hogue
Companies must spend money to make money -- at least, that's what many investors believe.
The market has long followed research and development (R&D) and capital expenditures (or capex, for short) with the idea that companies making investments in these areas will see huge payoffs in revenue somewhere down the line.
When the increase in capex works out, investors are rewarded. The issue is that the market has a problem with timing the jump in future revenue. When the stock price bounces too early and the revenue is not there to support it, then shares retreat downward.
One major tech company is waiting for its recent R&D investments to pay off. I'm talking about Intel (INTC), the world's largest maker of computer chips.
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[BRIEFING.COM] The Russell 2000 crosssed the 1,000 level for the first time ever today and the S&P 500 established a new all-time, intraday high. Those were some of the more memorable highlights of what was an otherwise nondescript day of trading.
By and large, there just wasn't a lot of conviction on the part of either buyers or sellers. The major indices spent time on either side of the unchanged line, but never put a whole lot of distance between themselves and ... More
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