Despite global growth concerns, Citigroup likes Amazon, Priceline and LinkedIn as its top three large cap Internet names for the second-quarter.
Even with the global economy slowing due to weakening numbers out of China and continued austerity measures in Europe, Citigroup likes Amazon (AMZN), Priceline (PCLN) and LinkedIn (LNKD) as its top three large cap Internet names for the second-quarter earnings season.
Analyst Mark Mahaney believes that valuations for the Internet names are now "neutral," as he slashed second-quarter and full-year earnings estimates for Amazon, Priceline, LinkedIn, as well as Groupon (GRPN) and eBay (EBAY), explaining that "[m]acro & FX create greater than normal risk this EPS season." Mahaney took down earnings estimates between 1% and 3% for the companies.
On July 18, 1992, a CERN technician posted a Photoshopped picture of four friends to the World Wide Web and inadvertently made internet history
The image: The particulars of history can be very mundane, says the Huffington Post. The first photo ever taken was of an obscured rooftop, the first television broadcast was of a ventriloquist's dummy and the first photograph ever uploaded to the World Wide Web was this: A poorly Photoshopped promo still for a little-known female comedy band called Les Horribles Cernettes.
The iPhone is on all the major U.S. carriers except one. One analyst thinks T-Mobile is likely to get it sooner rather than later.
The iPhone is on all the major U.S. carriers except T-Mobile USA. Apple (AAPL) is likely to bring its iconic device to nation's fourth-largest carrier sooner rather than later, according to one analyst.
Sanford Bernstein analyst Craig Moffett believes an agreement between Apple and T-Mobile, a subsidiary of Deutsche Telekom, is likely to happen in 2013, as it continues to play carriers against one another, increasing its leverage. Sanford Bernstein rates Apple and Deutsche Telekom shares "outperform" with a $750 and €10 price target, respectively.
Even amid new lows in Research In Motion's outlook, the BlackBerry maker's worth to an acquirer may still be overstated.
As Research In Motion (RIMM) concludes what some speculate may be its last annual meeting with shareholders, there's still a big divergence in what people see as the end game -- and exit value -- for the BlackBerry maker and its shareholders.
Research In Motion's management is counting on existing handset sales and enterprise revenue to hold together the Canadian smartphone maker through 2012 -- with the prospect that a delayed BlackBerry 10 operating system can revive its earnings and growth prospects in 2013. The financial situation is critical: The company confirmed a report on Tuesday that it was trying to sell one of its two corporate jets as part of a plan to save $1 billion.
After years of turmoil and turnover, internet firm needs to name leader and focus on issues.
By Therese Poletti
Sweeping out the problems of prior regimes and making a fresh start appears to be the motto of Yahoo (YHOO) and its current interim chief, Ross Levinsohn, as the company has settled an array of its over-hanging problems in the last month.
It ended a proxy battle with hedge-fund investor Daniel Loeb. It resolved the big question on the value of its shares in China's still-private Alibaba with a deal in May to sell up to half of its 40% stake and return proceeds to shareholders. And last week, it announced a pact with Facebook (FB) after it had sued the social network for patent infringement.
One by one, Yahoo is eliminating the clouds that have hovered over the company for months.
Copyright © 2013 Microsoft. All rights reserved.
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[BRIEFING.COM] Equity indices settled on their lows following a steady, session-long slide. Similar to yesterday, small-caps paced the retreat as the Russell 2000 fell 1.6%, extending its December loss to 3.6%. The S&P 500 settled lower by 1.1%, widening its month-to-date decline to 1.3%.
There was no specific news catalyst behind today's slide, which had the markings of broad-based profit-taking. Seven of ten sectors settled with losses of 1.0% or more while only two groups ... More
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