The Netflix CEO is a Facebook insider. Don't ignore his $1 million expenditure.
By Rocco Pendola
Last week, Netflix (NFLX) CEO Reed Hastings purchased $1 million worth of Facebook (FB) stock. At right around the same time, I invested just over $2,000 in FB, upping my share total to a modest 103, a mere fraction of Hastings' 48,000-or-so buy.
It took me a few days to digest the development -- I moved with the big money, independent of the big money. Often, small investors act on what the big money does after the big money does it. Consider how, quarter after quarter, we relay news of the stocks hedge funds bought and sold. Readers can't get enough of it.
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.)
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Start investing in technology companies with help from financial writers and experts who know the industry best. Learn what to look for in a technology company to make the right investment decisions.
[BRIEFING.COM] The stock market ended the Thursday session on a mixed note ahead of Friday's nonfarm payrolls report for February (Briefing.com consensus 163K). The Dow Jones Industrial Average (+0.4%) and S&P 500 (+0.2%) posted modest gains while the Nasdaq Composite (-0.1%) lagged throughout the session.
Equities began the trading day on an upbeat note following comments from the Bank of England and the European Central Bank, both of which reaffirmed their commitment to ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'