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December 19, 2012
06:56 EDTGOOG, YHOOYahoo Chinato close music service, The Next Web reports
Yahoo (YHOO) is closing its music service in China, effective January 20, according to The Next Web. Google (GOOG) shut down its own Chinese music service in September. Reference Link
News For YHOO;GOOG From The Last 14 Days
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October 9, 2015
08:14 EDTGOOGOutlook for video distributors mixed, says Pacific Crest
Pacific Crest believes that the shift to Internet video will accelerate, likely creating high profits for "the largest and most differentiated" TV distribution players. It identifies current trends as positive for Netflix (NFLX), Google (GOOG, GOOGL) and Apple (AAPL). It predicts that Comcast (CMCSA), DISH (DISH), AT&T (T), Time Warner Cable (TWC), and Verizon (VZ) will be hurt by the current trends.
October 8, 2015
11:04 EDTGOOGDirecTV launches Big Knockout Boxing virtual reality app
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09:17 EDTGOOGChannelAdvisor says Amazon September SSS up 19.2%, eBay up 1.1%
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07:47 EDTGOOGGoogle shares appear undervalued, says Baird
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06:16 EDTGOOGFingerprint sensors to come on more Android phones in 2016, DigiTimes reports
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October 7, 2015
14:59 EDTGOOGTwitter, LinkedIn sign on to Google accelerated web project
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11:33 EDTGOOGGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
October 6, 2015
19:48 EDTYHOOYahoo partners with BBC News for short-form video content
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19:41 EDTGOOGGoogle says Motor Trend report 'got key details wrong', The Verge reports
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19:20 EDTGOOGEuropean court rules personal data sent to U.S. potentially unsafe, AP says
A European court ruled that personal data sent to servers in the U.S. could potentially be unsafe from government spying, reports the Associated Press. Tech companies could find it more difficult to conduct business in Europe, as a result of this ruling, the AP adds. Publicly traded companies in the space include Facebook (FB), LinkedIn (LNKD), Twitter (TWTR), and Google (GOOG). Reference Link
13:06 EDTGOOGAWS, Rackspace pact a sign of consolidation, says Piper Jaffray
Piper Jaffray analyst Gene Munster views the partnership between Amazon Web Services (AMZN) and Rackspace (RAX) as another sign that market offerings are consolidating. The cloud space is set to continue to consolidate toward key winners AWS, Azure and Google (GOOG), Munster tells investors in a research note. He views AWS as the key driver for Amazon shares and the rollout of SaaS products as the next major catalyst. The unit could be worth north of $100B, Munster estimates. He reiterates an Overweight rating on Amazon with a $650 price target.
08:43 EDTGOOGGoogle search outlook positive, says JMP Securities
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06:21 EDTGOOGRoughly 44% of online shoppers turn to Amazon first, Re/code reports
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October 5, 2015
14:46 EDTGOOGGoogle takes stake in financial messaging start-up Symphony, WSJ reports
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14:37 EDTGOOGGoogle takes stake in financial messaging start-up Symphony, WSJ reports
12:51 EDTGOOGRussia tells Google in antitrust ruling to unbundle services in Android phones
Russia's Federal Anti-Monopoly Service has given Google (GOOG) until November 18 to unbundle its pre-installed applications in devices running the Android operating system, according to a translation of an order posted to the regulator's website. The regulator said Google can't restrict other apps and services in order so that it does not abuse its dominant market position, according to the translation. "To restore competition on the market, Google should amend agreements with mobile-device producers within a month and exclude the anti-competitive clauses," Russia's regulator said. Google may also face a fine of 1%-15% of the revenue from the services where the violation occurred, according to the Federal Anti-Monopoly Service. Shares of Yandex (YNDX), which competes with Google in Russia and had initiated the complaint to the regulator, rose $1.11, or 9.8% to $12.45 in afternoon trading in New York. Reference Link
12:01 EDTYHOOYahoo expands data center in Quincy, Washington
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09:39 EDTGOOGeSports seen as next big growth opportunity in media
Competitive video game playing in organized leagues, or eSports, is on the verge of reaching mainstream adoption and moving from an engagement tool to a monetization opportunity for video game makers, according to Baird analyst Colin Sebastian, who calls the trend the "biggest media and sports growth opportunity you've never heard of." NEXT BIG THING: eSports could have 200M active and engaged participants as early as next year and can grow from about $200M this year to $1B in revenues by 2018, Sebastian tells investors this morning in a research note. Game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two Interactive (TTWO) are "natural beneficiaries," according to Sebastian, who believes that eSports has the potential to drive earnings growth and multiple expansion for the sector. eSports is still mainly a tool to help engage and keep core gamers, but Sebastian expects this to change quickly as game makers focus on incremental revenue opportunities and increasing average revenue per user. The analyst also sees "significant opportunities" from eSports for online streaming platforms, like Amazon's (AMZN) Twitch and Google's (GOOG) newer platform, as well as for Microsoft (MSFT), Sony (SNE) and PC and component makers. ANOTHER eSPORTS BULL: Jefferies analyst Mark Lipacis previously told investors that he believes the surging popularity of competitive video gaming on a global basis will benefit game publishers as well as hardware companies like NVIDIA (NVDA). In a note to investors last month, the analyst said that Activision Blizzard had five of the top fifteen most popular games on Twitch in July, and contended that the company looks best positioned among game makers to benefit from the eSports opportunity. On the date of his eSports note, Lipacis upgraded NVIDIA to Buy from Hold, saying secular growth in gaming will trump PC weakness. The company's Gaming Graphics Processing Unit is "under the radar" and has grown 23% annually over the past three years, noted Lipacis, who raised his price target for shares to $30 from $23. PRICE ACTION: In early trading, Activision Blizzard rose 1.4% to $31.90, Electronic Arts gained 1.04% to $67.18 and Take-Two Interactive advanced 0.85% to $29.64.
08:02 EDTGOOGGoogle, Assurant Solutions partner to offer Nexus Protect
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October 4, 2015
18:23 EDTGOOGGoogle completes Alphabet merger
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