This doesn’t happen very often.
Carl Icahn has been foiled in one of his activist investing ploys, and by none other than Apple Inc. (Nasdaq: AAPL).
This doesn’t happen very often.
Carl Icahn has been foiled in one of his activist investing ploys, and by none other than Apple Inc. (Nasdaq: AAPL).
It’s a question that Microsoft Corp. (Nasdaq: MSFT) needs to get right: With current Chief Executive Officer Steve Ballmer slated to retire within a year, who will become the next Microsoft CEO?
As usual, Wall Street smiled upon Icahn’s triumph; Transocean stock went up 3.59% to $55.37 yesterday.
“I believe that Transocean is now on the road to realize its great potential,” a clearly thrilled Icahn said in a statement. He also tweeted: “Grt news for Transocean and activism today.”
When the Apple stock price (Nasdaq: AAPL) slipped below $400 in April and again in June, a lot of Wall Street pundits concluded that the company was a spent force and moved on.
But just when it looked like the Apple bears might be right, the company started to gain back lost ground.
With Apple Inc. (Nasdaq: AAPL) bears feeling vindicated by the company’s fall from grace and shares hovering in the $400 range, it might sound like a stretch to say Apple stock is a buy.
But given all that’s happened, AAPL at $400 is a better deal than it may appear.
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
Coming less than a year after Google unveiled its Google Glass Web-connected eyeglasses, reports that an Apple “iWatch” is in the works emphatically confirm that the battle is now joined for dominance over the next wave of tech – wearable computing.
According to the reports, Apple Inc. (Nasdaq: AAPL) has 100 people working on an iWatch users would wear on their wrists, but that would have many of the same capabilities as an iPhone.
But wearable computers could enable new uses, particularly in the area of healthcare, while perhaps providing the spark to encourage some promising technologies that have yet to catch on, like contactless payments.
Four of the biggest names in tech – Apple, Google Inc. (Nasdaq: GOOG), Sony Corp. (NYSE ADR: SNE) and Microsoft Corp. (Nasdaq: MSFT) – either are selling, have announced, or are known to be working on wearable computing ideas.
And two other big names, Amazon.com (Nasdaq: AMZN) and Facebook Inc. (Nasdaq: FB), are watching for opportunities to benefit from yet another major shift in how people interact with technology.