The social network posted impressive growth numbers in its most-recent quarter, but Wall Street worries the company is spending too much.
Facebook's (FB) fourth-quarter financial result beat estimates, but Wall Street pushed down the stock on concerns that the social network -- much like the rest of America -- has a spending problem.
Facebook did not provide guidance for the current quarter but executives did note that capital expenditures for 2013 will be around $1.8 billion as the company ramps up hiring and infrastructure spending.
David Ebersman, Facebook's chief financial officer, said total expenses, excluding stock-based compensation, will likely increase by around 50% this year. It will be worth watching where the expenses will be incurred -- Ebersman did not specify during the conference call with shareholders and analyst. But Fusion-IO (FIO), which supplies flash memory technology to Facebook as well as to Apple (AAPL), cut its 2013 revenue outlook, citing delayed orders from its customers.
Early impressions of Microsoft's newest operating system have focused on its touch-screen functionality and mobile devices. Helping transform the PC may be its bigger task.
When Windows 8 was released, last October, some early reviews were more memorable than fair.
One critic called it "a Christmas gift for someone you hate." Gaming executive Gabe Newell said Microsoft's (MSFT) new operating system "is like this giant sadness." Auto-complete suggestions at Google's (GOOG) search engine delivered comparisons to "a bad blind date." (Microsoft is the publisher of MSN Money.)
People talked about Windows the way they talk about Congress, and for basically the same reason. No one likes a compromise.
An important goal for Microsoft when it launched Windows 8 was to get its operating system onto tablets and other mobile devices. For years, PC manufacturers have been beating at the gates of mobile computing, experimenting with more portable designs like netbooks and ultrabooks, and finding only limited success. Windows 8 was to be the Trojan horse that got them in.
In the Wall Street ratings game, the social media company is on the upswing, while the personal technology pioneer is falling from favor.
In a sign of the two companies' changing reputations, Apple and Facebook are seeing the difference in the percentage of analysts recommending their stocks narrow, according to Thomson Reuters data.
Just a month ago, the percentage of analysts rating each at "buy" differed by about 17 percentage points: 84% of analysts recommended Apple and 67% recommended Facebook. Three months ago, that distance was 25 percentage points. Now, 71% of analysts recommend Facebook and 77% recommend Apple.
Commercial drones, 3-D printers, self-driving cars . . . the tools coming out of the virtual revolution will be used to take the world -- and tech investing -- to promising new places.
Just as in the 1970s, the 1980s and the 1990s, the current recovery has begun with technology.
Technology, whether in the form of an iPad or a Google (GOOG) cloud, is, in the end, just a tool. A means to an end. The end, in this decade, will be new products and services that transform our cities and the way we live.
Cloud technologists like Jim Whitehurst of RedHat (RHT), technology publishers such as Tim O'Reily and venture capitalists such as Vinod Khosla have been saying this for some time. A host of new industries, which use the products of today's technology as an input -- just as earlier booms used steel and other commodities as inputs -- are emerging all around America.
The maker of the BlackBerry smartphone is unveiling the fruit of a crucial and long-overdue makeover. How should investors play it?
Since bottoming out at $6.22 a share in September, Research In Motion (RIMM) surged to briefly surpass $18 within the last week. The rally seemingly came out of nowhere; many investors simply assumed the maker of BlackBerry smartphones was bound for the technology sector's graveyard.
In hindsight, it's clear most investors were overlooking the ample cash on the company's balance sheet, a still-impressive user base of more than 75 million people and a likely appeal for potential buyers at such distressed levels.
Yet many factors point to a possible imminent pullback reversal for RIMM, perhaps by a significant amount. In fact, some suspect that Wednesday may be when shares start to lose steam. That's when Research In Motion will release the much-anticipated version 10 of its operating system.
Copyright © 2014 Microsoft. All rights reserved.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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