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Stock Market & Financial Investment News

News For MSFT;GOOG From The Last 14 Days
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July 6, 2015
18:08 EDTMSFTMicrosoft offers $500,000 for HoloLens research proposals
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14:30 EDTMSFTMicrosoft unveils Tossup app to help make group plans
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10:34 EDTGOOG, MSFTAnalysts differ on Yelp after company said to halt sale process
The shares of Yelp (YELP) have fallen in each of the last two sessions after Bloomberg reported that its CEO had decided not to sell the company at this time. Two research firms were upbeat on the stock after the pullback, but Piper Jaffray's well-known analyst, Gene Munster, was cautious on the stock's near-term outlook. WHAT'S NEW: Last Thursday afternoon, Bloomberg reported that Yelp's CEO and founder Jeremy Stoppelman had decided not to sell the company in the near-term. Stoppelman's decision came after Goldman Sachs, which had been hired by Yelp to find potential buyers of the company, identified several interested suitors, the news service stated. BULLISH TAKE: Yelp's stock is significantly undervalued and investors should buy the shares, wrote Brean Capital analyst Tom Forte in a note to investors today. Noting that Bloomberg reported multiple potential suitors for Yelp had been found, Forte contended that many Alibaba (BABA), Amazon.com (AMZN), Facebook (FB), Google (GOOG), Groupon (GRPN), Microsoft (MSFT), Priceline (PCLN), Rakuten, and Yahoo! (YHOO) are all potential acquirers. Moreover, Stoppelman and Yelp's other board members probably decided not to sell Yelp because they believe that it is worth more than the stock indicates, according to Forte, who added that this stance indicates that the company's business has held up well recently. He kept a $58 price target and Buy rating on Yelp. Similarly, SunTrust analyst Robert Peck believes that many companies could still look to buy Yelp. Moreover, the company's valuation is "paltry" versus its peers, while Stoppelman's willingness to consider selling the company should support the stock, the analyst stated. Although Yelp is facing some challenges, its valuation already implies that consensus 2016 estimates for the company will drop by 10%-20%, according to Peck, who kept a Buy rating on the shares. BEARISH TAKE: In the wake of Bloomberg's report, Piper Jaffray analyst Gene Munster said he believes investors will conclude that Yelp was unable to sell itself. Additionally, comScore data for June indicates that Yelp's unique user metrics for the quarter will be disappointing, the analyst stated. However, he predicted that the company's user growth would reaccelerate in the fall, causing investor sentiment to rebound. Although Munster is upbeat on Yelp's long-term outlook, he cut his price target on the name to $40 from $46 and kept a Neutral rating on the stock. PRICE ACTION: In morning trading, Yelp fell 1.4% to $37.65. That follows the 10% decline the stock suffered on Thursday in its last day of trading prior to the long holiday weekend.
07:27 EDTGOOGGoogle to begin carpool service in Tel Aviv, WSJ says
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07:23 EDTMSFTMicrosoft to increase Azure prices as exchange rates shift, The Register reports
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06:03 EDTMSFT, GOOGBrean recommends buying shares of Yelp after selloff
Brean Capital analyst Tom Forte believes shares of Yelp are worth "a lot more than current levels" with or without a company sale. He recommends buying the name after Bloomberg reported Thursday that the company had called off its sale process. He points out the article noted that Yelp had multiple interested buyers. Forte's list of potential buyers for Yelp include Alibaba (BABA), Amazon.com (AMZN), Facebook (FB), Google (GOOG), Groupon (GRPN), Microsoft (MSFT), Priceline (PCLN), Rakuten, and Yahoo! (YHOO). Yelp operates the largest crowd-sourced local business directory globally, the analyst tells investors this morning in a research note. Forte keeps a Buy rating on the stock with a $58 price target. Shares closed Thursday down $4.23 to $38.20.
July 5, 2015
14:16 EDTGOOG, MSFTFacebook, Microsoft could see hefty 'goodwill' charges, Barron's says
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July 2, 2015
17:02 EDTMSFTKyocera and Microsoft expand technology sharing agreement
Kyocera (KYO) and Microsoft (MSFT) have signed an agreement expanding on a prior patent licensing arrangement, which enables the companies to use a broader range of each other's technologies in their respective products through a patent cross-license. The agreement also resolves a patent infringement lawsuit brought earlier this year in U.S. District Court.
16:04 EDTMSFTOptions Update; July 2, 2015
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09:14 EDTGOOGYahoo begins testing search partnership with Google, New York Times reports
Yahoo (YHOO) and Google (GOOG) are exploring a new relationship in which Yahoo would use Google for some regular search results and search ads, reports the New York Times. Yahoo and Google confirmed that Yahoo has begun testing the use of Googl search ads for a small portion of its desktop and mobile web search results. Reference Link
06:05 EDTGOOGBarclays extends cheque imaging to Android users
Barclays announced the extension of its pioneering mobile cheque imaging service to nearly a million more customers, including 500,000 customers with android phones. In another UK first, the service is also now being made available to iPad users. Since the launch of cheque imaging a year ago, nearly three quarters of a million pounds have been deposited by the 30,000 Barclays customers signed up to the mobile cheque imaging tool on their iPhones. The latest roll-out will see this number rise yet higher as more customers are able to benefit from the speed and ease of this time-saving technology. Mobile cheque imaging is available through the Barclays Mobile Banking app and allows customers to pay in a Barclays cheque of up to £500 within minutes of receiving it. Customers simply need to take a photo of the cheque then complete a few quick steps before the funds are immediately available in their current account. Reference Link
July 1, 2015
13:23 EDTGOOGFacebook to offer revenue split for content creators, Re/code says
As it continues competing with Google's (GOOG) YouTube, Facebook (FB) will begin offering video content creators 55% of the revenue from ads played alongside videos, reports Re/code. In an interview, Facebook's VP of partnerships Dan Rose told Re/code that "a lot of [partners] have said this will be a big motivation to start publishing a lot more video content to Facebook." As part of the revenue-sharing move, Facebook will also be testing a "Suggested Videos" feature, a video-only news feed that uses an algorithm to personalize its content for each user. Reference Link
10:07 EDTGOOGGoogle, Apple seen benefiting from Internet of Things emergence
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09:46 EDTGOOGCriteo rises after said to add Alibaba, Target as customers
Shares of digital marketing solutions provider Criteo (CRTO) are rising in early trading after research firm Pacific Crest raised its price target on the stock. The firm also notes that it appears Criteo has recently added Alibaba (BABA) and Target (TGT) as customers. WHAT'S NEW: In a note to investors this morning, Pacific Crest analyst Evan Wilson said that the firm's checks indicate that Criteo now has cookies on 49% of the top 100 retail and travel websites in the U.S. Wilson noted that Google (GOOG) has 76% of the top 100, but suggested also that its heavy overlap with Criteo reinforces the view that the two companies' cookies serve different purposes. Wilson said Target was a notable Criteo win in the U.S. during Q2, while also saying the firm discovered that some Alibaba sites outside of China now have a Criteo cookie for the first time. Wilson raised his 2016 estimates for Criteo citing the continued strong checks and increased the firm's price target on the stock to $65 from $55. PRICE ACTION: In early trading, Criteo grained $2.30, or 4.8%, to $49.97.
08:30 EDTGOOGGoogle outlook improved due to Internet of Things forecast, says JMP Securities
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07:54 EDTMSFTMicrosoft unlikely to buy AMD, says Bernstein
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June 30, 2015
13:38 EDTMSFTMicrosoft display exit shows discipline, but impact negligible, says Jefferies
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13:37 EDTGOOGYouTube prevails in German court case regarding artists' fees, Reuters says
Google notched a legal victory over German performing rights organization Gema, which had tried to make YouTube pay each time users watched music videos by artists it represents, Reuters reports. Reference Link
10:38 EDTGOOGWells Fargo upbeat on core eBay, Bernstein bullish on PayPal
Wells Fargo issued an upbeat note on the outlook for eBay's (EBAY) core business, while another research firm, Bernstein, was bullish on the company's soon to be spun off PayPal (PYPL) unit. eBay has said that it will spin off its PayPal online payments unit through a distribution to eBay shareholders on July 17. CORE EBAY: The shares of core eBay are likely to offer a "unique value opportunity" following the spin-off, as many growth investors will probably sell their shares in eBay creating "an interesting entry point." Wells Fargo stated. eBay's business model is "arguably better" than that of most retailers, as it has no inventory risk, better margins, and more efficient capital deployments than most other companies in the sector, Wells believes. Numerous initiatives that the company is undertaking, including structured data and a simplified listing process, could enable eBay to beat expectations going forward, Wells contended. Additionally, there is little risk to fiscal 2016 estimates for eBay, since its guidance does not factor in any improvement in its business, the firm believes. Noting that "when issued" shares of eBay and PayPal are slated to start trading on July 9, Wells says that eBay's shares would provide "exceptional value" if they trade anywhere near the current $20 per share implied value of core eBay. At $25, the shares would still provide "excellent value," the firm added. PAYPAL: The growth of Internet payments is in its infancy and has "vast untapped potential," according to Bernstein analyst Carlos Kirjner. PayPal's total payments volume should have a compound annual growth rate of over 20% in the next three years, helping its revenue to jump by a CAGR of at least 17% over the period, the analyst stated. Since PayPal's position in mobile is strong, competing services from Apple (AAPL) and Google (GOOG) will, at most, create a small headwind to PayPal's growth over the next three years, Kirjner contended. Moreover, PayPal has room to cut its costs, enabling its margins to expand and its earnings to grow faster than its revenue over the longer term, the analyst stated. He values PayPal at $43 per eBay share. PRICE ACTION: In early trading, eBay added 0.7% to $59.77.
09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
08:37 EDTGOOGTwitter integration with Google could accelerate user growth, says Canaccord
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08:22 EDTMSFT, GOOGMicrosoft deal with AOL for Bing doesn't move needle, says Citi
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07:08 EDTGOOGGoogle apps take up nearly as much user time as Facebook’s apps, WSJ says
A study released by Forrester Research suggests that U.S. smartphone users in late 2014 spent roughly 12% of their time in Google (GOOG) apps, just below the 13% spent on Facebook (FB) apps, the Wall Street Journal reports. The time spent on Google apps is likely to be “much higher” since respondents were only asked to list apps they downloaded and the time spent on them, excluding apps pre-loaded on certain Google phones, the report says. The same is true of Apple’s (AAPL) apps, amounting to 3% of users time, the report says. Reference Link
05:59 EDTMSFTGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
05:32 EDTGOOGNovartis launches first Apple Watch app for visually impaired people
Novartis Pharmaceuticals (NVS) announced the release of new features for its ViaOpta applications, and the extension for use with smart watches. The discreet, hands-free nature of using ViaOpta app with wearable devices, such as Apple Watch (AAPL) and Android Wear (GOOG), provides users with an experience that seamlessly fits into their existing routines allowing those with visual impairments to navigate daily life with even greater ease.
June 29, 2015
17:36 EDTMSFTAMD up 3.4% after Microsoft reportedly interested in buying chipmaker
17:33 EDTMSFTMicrosoft interested in AMD, KitGuru reports
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16:46 EDTMSFTMicrosoft, AOL expand global enterprise-level partnership
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16:00 EDTMSFTOptions Update; June 29, 2015
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14:42 EDTMSFTMicrosoft to sell some mapping assets to Uber, TechCrunch reports
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11:59 EDTGOOGGoogle deadline to answer EU antitrust claim extended, WSJ says
U.S. search giant Google was granted more time to respond to European Union regulators' claims that the company skews search results in favor of its own comparison-shopping service, says the Wall Street Journal. The new deadline is August 17, added the Wall Street Journal. Reference Link
10:54 EDTGOOGGoogle denied appeal by U.S. Supreme Court in Oracle copyright case
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07:13 EDTGOOGGoogle, Facebook competing heavily in video market, NY Post says
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06:24 EDTGOOGResearch shows Google hurts users by skewing search results, WSJ reports
New research by two U.S. academics shows that Google is harming internet users and violating competition laws by skewing search results to favor its own products and services, the Wall Street Journal reports. The study may present a “significant twist” in the European Union’s antitrust investigation into Google’s supposed anticompetitive practices, the report says. The research shows that users were 45% more likely to click on results that were ranked purely by relevance as opposed to the way Google ranks them currently, the Wall Street Journal says.Reference Link
06:07 EDTMSFTWindows 10 not leading to new notebook panel surge, DigiTimes reports
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06:05 EDTMSFTNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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June 28, 2015
12:47 EDTGOOGTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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June 26, 2015
16:17 EDTMSFTInterDigital: ITC to review RID involving Nokia and Microsoft
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16:16 EDTMSFTOn The Fly: Top stock stories for Friday
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16:00 EDTMSFTOptions Update; June 26, 2015
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12:23 EDTMSFTMicrosoft says revenue recognition method will remain unchanged for Windows 10
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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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06:58 EDTGOOGLost My Name raises $9M in funding round led by Google Ventures, TechCrunch says
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06:17 EDTGOOGGoogle Ventures, Softbank invest in Yieldify, Business Insider reports
Google Ventures Europe (GOOG) and Softbank (SFTBF) have invested $11.5M into Yieldify, an e-commerce startup that "helps online retailers convince people to buy products online," Business Insider reports. Google Ventures partner Avid Larizadeh Duggan will join Yieldify's board as part of the fundraising. Reference Link
06:11 EDTGOOGGoogle, Delphi self driving cars have near collision in Palo Alto, Reuters says
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06:04 EDTMSFTMicrosoft, NASA teaming up to develop Sidekick
NASA and Microsoft are teaming up to develop Sidekick, a new project using commercial technology to empower astronauts aboard the International Space Station. Sidekick uses Microsoft HoloLens to provide virtual aid to astronauts working off the Earth, for the Earth. A pair of the devices is scheduled to launch on SpaceX’s seventh commercial resupply mission to the station on June 28. The goal of Sidekick is to enable station crews with assistance when and where they need it. This new capability could reduce crew training requirements and increase the efficiency at which astronauts can work in space. The Sidekick project is part of a larger partnership formed by NASA and Microsoft to explore applications of holographic computing in space exploration. Earlier this year, NASA and Microsoft announced a collaboration to develop software called OnSight, a new technology that will enable scientists to work virtually on Mars using the same HoloLens technology. NASA’s Jet Propulsion Laboratory in Pasadena, California, led the development of Sidekick and OnSight. NASA’s Johnson Space Center in Houston led testing and certification of Sidekick for use onboard the space station.
June 25, 2015
19:34 EDTGOOGAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
17:56 EDTMSFTMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
17:26 EDTMSFTMicrosoft CEO Satya Nadella lays out new mission statement, GeekWire reports
Microsoft CEO Satya Nadella emailed a new mission statement to employees companywide on Thursday morning, which was obtained by GeekWire. It reads, in part, "I believe that culture is not static. It evolves every day based on the behaviors of everyone in the organization. We are in an incredible position to seize new growth this year. We will need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value." Reference Link
16:55 EDTGOOGGoogle-built self-driving cars hit the road
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16:52 EDTGOOGGoogle initiated with a Neutral at Mizuho
Target $595.
06:31 EDTMSFT, GOOGMicrosoft focusing on increasing smartphone sales in India, WSJ reports
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June 24, 2015
19:31 EDTGOOGGoogle exec 'very confident' in YouTube's lead over Facebook video, BI says
In a Business Insider interview at the Cannes Lions advertising festival, Torrence Boone, Google's (GOOG) VP of global agency sales and services, said the company is "very bullish and confident" that Google's YouTube will maintain its lead over Facebook's (FB) efforts in video. Boone explained that the services serve different functions, with YouTube being a more dedicated video platform. Reference Link
18:16 EDTMSFT, GOOGGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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12:27 EDTGOOGHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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10:36 EDTMSFTElectronic Arts advances after analysts positive on E3 showing
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09:35 EDTMSFTActive equity options trading on open
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09:30 EDTGOOGGoogle competing with itself after unveiling free music service, Bloomberg says
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06:07 EDTMSFTJefferies says PC market to stay 'lower for longer'
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06:00 EDTGOOGGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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June 23, 2015
17:50 EDTGOOGGoogle to remove Confederate flag from shopping service and ads, Reuters says
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12:54 EDTMSFTPC concerns weighing on shares of Seagate, Western Digital
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12:08 EDTGOOGPandora down 1% after Google launches free music service
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12:05 EDTGOOGGoogle launches free, ad-supported music service in U.S.
Google (GOOG) announced via a blob post that Google Play Music now has a "free, ad-supported version" in the U.S. It stated, "Our team of music experts, including the folks who created Songza, crafts each station song by song so you don’t have to. If you’re looking for something specific, you can browse our curated stations by genre, mood, decade or activity, or you can search for your favorite artist, album or song to instantly create a station of similar music." Shares of Pandora (P) ticked lower following Google's announcement.
06:25 EDTGOOGGoogle introduces the News Lab on blog
Google said on its blog that it is launching the News Lab, "a new effort at Google to empower innovation at the intersection of technology and media. Our mission is to collaborate with journalists and entrepreneurs to help build the future of media. And we’re tackling this in three ways: though ensuring our tools are made available to journalists around the world -- and that newsrooms know how to use them; by getting helpful Google data sets in the hands of journalists everywhere; and through programs designed to build on some of the biggest opportunities that exist in the media industry today. The News Lab is a global effort, with teams in the U.S., U.K., France, and Germany to start -- and we’re also powering the training and research arm of Google’s Digital News Initiative in Europe. Google has created many technologies and platforms that have engaged the media industry. As both the media landscape and technology continue to evolve, we believe we can create a more informed world if technologists and journalists work together -- and we’re excited to be part of the effort." Reference Link
06:14 EDTGOOGGetty filed a complaint against Google to EU earlier this year, WSJ reports
Getty Images complained earlier this year to European antitrust authorities that Google unfairly favors its image search service over rivals, the Wall Street Journal reports. The European Commission told Getty in early June that its concerns were valid and added Getty as an “interested third person” in its search manipulation case against the search giant, according to a document reviewed by the Wall Street Journal. Reference Link
06:05 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
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06:05 EDTMSFTNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTMSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTMSFTEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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June 22, 2015
18:22 EDTGOOGGoogle offers sign-ups to test GoPro virtual reality prototype
Google (GOOG) has created a sign-up page to allow "creators" -- taken to mean video content creators -- to test its "Jump" virtual reality platform. Jump uses 16 GoPro (GPRO) cameras to create virtual reality video "that you can step inside of." Content creators selected by Google will get access to the platform beginning this summer. Reference Link
14:42 EDTMSFT, GOOGOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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12:12 EDTGOOGUS Supreme Court rejects Google patent appeal over Street View, Reuters says
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08:02 EDTGOOGTransphorm announces new $70M investment led by KKR
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07:31 EDTGOOGFacebook catching up to YouTube in video ads, Reuters says
Facebook (FB) is gaining market share on Google's (GOOG) YouTube in online video advertising, reports Reuters, citing a published Ampere Analysis report. Reference Link
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