Demanding investors can do more harm than good to the visionary companies they support.
Many investors bring a mindset typical of our tap-the-touchscreen-and-it-appears society into their long-term stock positions. Despite feeling entitled by years of waiting around, you cannot expect instant gratification, particularly when a company requires drastic change just to stay alive.
The Mac maker's strategy might be changing with plans for a set-top device to deliver live programming from cable companies -- which the current Apple TV doesn't do.
By Chris Ciaccia
Just when you thought it was safe to say news about Apple's (AAPL) television strategy was slow, think again. This time, it looks like Apple might be changing the channel in its approach.
The Wall Street Journal reports that Apple is in talks with U.S. cable operators about building an Apple set-top box for live programming.
Apple has been trying its damnedest to get into the living room, and many observers thought an actual television set would be at the heart of its strategy, particularly given former CEO Steve Jobs' comments about creating one. "It will have the simplest user interface you could imagine," Jobs told biographer Walter Isaacson. "I finally cracked it."
Apple already has a set-top box, Apple TV, but the device hasn't really taken off. It provides content from places like Netflix (NFLX), Hulu Plus, YouTube and others, but it doesn't offer live channels from the cable companies. Perhaps that's why CEO Tim Cook thinks Apple can do more in this space.
Someday we'll look back on all the handwringing about the migration to mobile and laugh.
When I rolled into Manhattan on vacation earlier this month, the higher-ups at TheStreet roped me into filming a video on Wall Street with the great Debra Borchardt. I told them I would not wear a tie, shave or cut my hair. They still wanted to forge ahead with the experiment.
Can it be all over for RIM or is there light at the end of the tunnel? It might be the latter.
By Richard Saintvilus
Cognitive dissonance has a way of overtaking reality on Wall Street to the extent that some become highly disillusioned by what is in front to them.
This goes for investors as well as some of the best companies on the market. In Research in Motion's (RIMM) case, I think it's time for the company to separate what it wants from what is really possible.
This means it should forget about the past and focus on where it needs to go. It's not a crazy idea. It worked for International Business Machines (IBM).
There is no other company on Wall Street that has had to deal with as much adversity and disappointment as RIM. Even though Apple (AAPL) and Google (GOOG) might have sent it down the path of slow obsolescence, I tend to consider RIM's plight as the result of self-inflicted wounds, for the most part.
The fact of the matter is, a market leader always has the leverage. RIM, by virtue of its poor execution, gave the game away rather than having lost it. (I'm willing to give it that much credit -- deservedly or not.)
The company wants to curb the sharing of illegal content online by burying infringing sites in its search rankings -- while leaving its own piracy-riddled YouTube alone.
Pretty soon it's going to be a lot harder to find pirated material using Google (GOOG). The search giant says it's cracking down on piracy by instituting a new policy that lowers the search rankings of websites hosting illegal content, meaning many people's beloved torrent sites -- where you can download all manner of pirated content -- will be buried many pages in Google results.
There is a slight hitch, however: Google owns YouTube, one of the Internet's largest receptacles of illegal content, and the video site seems to be exempt from the search company's crackdown.
What gives? Here's a brief guide to the controversial new policy:
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[BRIEFING.COM] Recent action saw the major averages drop to fresh lows as broad-based selling pressure persists. The S&P 500 trades lower by 0.7% with all ten sectors hovering in the red.
The industrial space (-1.1%) has been a notable leader of the weakness as defense contractors and transports lag. The PHLX Defense Index is lower by 1.1% while the Dow Jones Transportation Average holds a loss of 1.2%.
It should be noted that today's weakness among transports comes after ... More
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