Posts Tagged ‘Tech’

Twitter shares sink on report Jack Dorsey will become CEO

October 1st, 2015 No comments
Interim Twitter CEO Jack Dorsey (Scott Olson, Getty Images)

Interim Twitter CEO Jack Dorsey (Scott Olson, Getty Images)

SAN FRANCISCO — Twitter batch closed down 8% to $24.68 after record headlines use Re/code reported that Jack Dorsey would be declared arch executive.

The batch sealed up 5% on Wednesday following the published report, but fast gave up those gains on Thursday as Wall Street questioned either Dorsey can turnaround Twitter.

Dorsey is additionally CEO of digital payments association Square which has in confidence filed for an primary open charity that’s approaching by year’s end. He has been using Twitter on an halt basement given Jul and is a heading claimant to take the pursuit permanently.

Wall Street’s view on Dorsey apropos CEO is mixed.

Some analysts subject if Dorsey will shift his responsibilities in between the dual companies. Others indicate out which a in advance brand new care proceed is not certain given Dorsey has been authority of Twitter as it has struggled.

Citi researcher Mark May pronounced he has a “generally certain view” of a Dorsey-led Twitter given of his low believe of the product and the company. But he is capricious either Dorsey would move suggestive shift given he has been “heavily involved” with Twitter as a founder.

Nomura researcher Anthony DiClemente agreed.

“It is misleading the border to which his ascent to permanent CEO will outcome in shift which addresses vital concerns per user expansion arena and softened monetization,” DiClemente wrote in a investigate report.

Wedbush Securities researcher Michael Pachter isn’t speculating on either Twitter will daub Dorsey as CEO. But in a investigate note he says investors should sojourn on the sidelines until Twitter government “has adopted a plan which will expostulate user and rendezvous growth.”

“We think which ultimately, Twitter can opposition Facebook in reach, but in sequence to get ahead this, the association requires a shift of strategy,” Pachter wrote.

What’s clear: Should Dorsey turn CEO, analysts will equate on the contributions of key Twitter executives: arch monetary military military officer Anthony Noto, arch income military military officer Adam Bain and products arch Kevin Weil.

Twitter is trade underneath $25, next the $26 primary open charity price.

Categories: Financial, General Tags: , , ,

Nasdaq opens a start-up hub in San Francisco

September 25th, 2015 No comments

People association in the yard of the Nasdaq Entrepreneurial Center Thursday, Sept. 24, 2015, in San Francisco. AP Photo/Marcio Jose Sanchez

People association in the yard of the Nasdaq Entrepreneurial Center Thursday, Sept. 24, 2015, in San Francisco. AP Photo/Marcio Jose Sanchez

SAN FRANCISCO — Start-ups have been delaying IPOs longer, boosting seductiveness in cultivating the subsequent Uber or Airbnb years prior to they have their initial stock filing.

Nasdaq’s non-profit arm on Thursday non-stop the 13,000 square-foot Nasdaq Entrepreneurial Center here to coach and coach  these entrepreneurs by the stages of the start-up process.

“Companies wish to stay in isolation for a longer duration of time. We hold which it’s improved to be some-more grown up when you come open rsther than than reduction mature,” Nasdaq NDAQ CEO Robert Greifeld told USA TODAY.

The core is located somewhat south of the city’s monetary district, among the building a whole cranes that simulate the area’s lengthened and copious tech boom. Longtime angel financier Nicola Corzine heads it, what she called a “landing mark for founders.”

Nasdaq CEO Robert Greifeld speaks at the phenomenon of the Nasdaq Entrepreneurial Center. AP Photo/Marcio Jose Sanchez

Nasdaq CEO Robert Greifeld speaks at the phenomenon of the Nasdaq Entrepreneurial Center. AP Photo/Marcio Jose Sanchez

The brand new digs additionally come with collection for open companies: a height and a receptive to advice complement which allows guest to “ring” the shutting bell.

On Thursday, Calif. Lt. Gov. Gavin Newsom and Golden State Warriors Center Festus Ezeli were invited to do that, with their claps and cheers lucent onto the multi-story screens in New York’s Times Square.

Nasdaq Inc., in a unchanging race with opposition NYSE to land the subsequent prohibited IPO, has additionally stretched in to the in isolation markets, where newer entities similar to SharePost operate.

Increased seductiveness in the in isolation markets is a great thing, Greifeld said.

“When you turn public, I similar to to say, you’re confronting an unconstrained array of buliding . You have to have a mature, entirely oven baked commercial operation indication that’s means to perform on a unchanging basis.”

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Netflix streams into VR, shares up nearly 6%

September 24th, 2015 No comments


Netflix’s ultimate strange calm was combined along with Oculus VR — a practical being app for Samsung’s Gear VR headsets.

The streaming provider showed off the brand brand new app, accessible right away in the Oculus VR app store, on Thursday at the three-day Oculus Connect 2 discussion in L.A. The app creates a practical vital room for the spectator to watch in. Your gawk and clicking on the side of the Gear VR headset let you navigate and select what to watch.

Oculus arch record military officer John Carmack voiced the app in the afternoon on a day when Netflix shares were solemnly climbing. Netflix (NFLX) sealed at $103.76 up 5.8%.


Carmack pronounced he met with Netflix engineers final month and work began on the app, that was approaching to strike the Oculus VR app store Thursday. “It was really rewarding to be means to do this work right prior to Oculus Connect and have it accessible to all of the users in such a short timeframe,” Carmack said. His comments were additionally posted on the Netflix tech blog. “Plus, I got to watch the complete deteriorate of Daredevil from the joy of my practical couch. Because testing, of course.”


Netflix isn’t the sole video provider headed in to practical reality. Movie studios 20th Century Fox and Lionsgate, as good as Hulu, Twitch, TiVo and Vimeo voiced skeleton for VR apps.

“Providing viewers with energetic environments of their preference and themed around their the one preferred shows provides a total brand brand new turn of engagement, that together with the cinematic VR practice creates Hulu an sparkling VR destination,” Hulu clamp boss of device platforms Julian Eggebrecht on Hulu’s blog.

Hulu VR-LivingRoom3

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Atmel shares up 12% after bid from Dialog Semiconductor

September 21st, 2015 No comments

Semiconductor association Atmel is saying the shares taking flight as most as 13% after the proclamation that U.K.’s Dialog Semiconductor aims to take Atmel for $4.6 billion.

Shares of Atmel (ATML), that sealed Friday at $7.27, rose fast after the marketplace non-stop Monday and at midday was up 12% to $8.16.

Under the Dialog bid, Atmel shareholders have been approaching to get $4.65 in money and “0.112 of a Dialog Semiconductor American Depository Share for any Atmel usual share”, next to to about $10.42 per Atmel share formed on Dialog’s shutting cost on Friday.

Amtel creates wiring used in Internet of Things products, automobiles, computers and alternative consumer communications and industrial products. “By bringing together the technologies, world-class bent and extended placement channels we will emanate a new, absolute force in the semiconductor space,”said Dialog CEO Jalal Bagherli in a matter announcing the deal. Dialog is headquartered in London.  “Our new, lengthened association will be a diversified, high-growth marketplace personality in Mobile Power, IoT and Automotive.”

For shareholders, the Dialog understanding is the “best probable outcome” for Atmel shareholders, pronounced Betsy Van Hees of Wedbush Equity Research in a note today. Atmel “has radically been for sale given early May, when the CEO voiced his skeleton to retire,” she wrote.

Both company’s play have authorized the transaction, that is approaching to be finalized by the initial entertain of 2016.

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Microsoft snaps up data analytics firm VoloMetrix

September 3rd, 2015 No comments
Microsoft has voiced the merger of workplace interpretation analytics organisation VoloMextrix. (Saul Loeb, AFP/Getty Images)

Microsoft has voiced the merger of workplace interpretation analytics organisation VoloMextrix. (Saul Loeb, AFP/Getty Images)

Microsoft (MSFT) finished the merger of Seattle-based interpretation analytics organisation VoloMetrix Thursday, imprinting an additional step in Microsoft’s tour from program obelisk to a mobile- and cloud-first operation focusing on craving solutions.

The supposed “future of work” is a quite prohibited tech subject now, with startups such as workplace information exchnage apparatus Slack vaulting from different to a $2.8 billion valuation. Software builder VoloMetrix was founded in 2011 with a “mission to renovate believe workman capability by data, clarity and feedback loops,” CEO Ryan Fuller wrote in a blog post announcing the acquisition. “Microsoft has a outrageous prophesy to reinvent capability and a set of resources in Office 365 which have been elemental to how work gets done. By fasten them we will be means to go on to aspire to the common goal and have stroke at a towering tellurian scale.”

At the Ignite discussion final May, Microsoft previewed a related offering called Delve Organizational Analytics, which will be expelled with the subsequent iteration of Office 365. In a blog post Thursday, Microsoft Rajesh Jha, corporate clamp boss of Outlook and Office 365, wrote which shopping VoloMetrix will assistance his association urge the workplace potency of the customers.

“By harnessing this (employee workflow) interpretation – whilst progressing despotic remoteness controls – commercial operation can emanate these personalized feedback loops which assistance people answer questions like: How can I urge my emails to safeguard my communications have been impactful? Am I spending my time focused on my priorities? Do I have the right people and imagination in my network to get ahead my project?,” he wrote. “I am vehement about this big step brazen in the association aspiration to reinvent capability and commercial operation process, and how it will broach brand new worth to the commercial operation with organizational analytics.”

Microsoft batch was up .4% at $43.53 in midday trading.

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Apple shares up 4% amid market rally

September 2nd, 2015 No comments


Could Apple stock be headed out of the doldrums?

It might be to early to tell, but Apple (APPL) shares finished the day up some-more than 4% in trade Wednesday to $112.34, with the batch between the many actively traded — some-more than 54 million shares traded, according to Yahoo Finance.

With the bump, shares have been up roughly 1% for the year. Investors have been endangered about the infirmity of Apple’s hoped-for expansion in China , as good as competition and saturation in the tellurian smartphone market.

Beyond Thursday’s marketplace convene — the Nasdaq was up 1% — Apple’s balance be gaining by reports that the tech hulk skeleton to move in to strange video programming, as has Netflix and Amazon.

And there could be a flourishing luminous radiance outcome from the company’s upcoming Sept. 9 event in that it is approaching to betray brand new iPhones, iPads and Apple TV, as good as presumably yield a little sum about an imminent streaming video subscription service.


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Apple Music architect Ian Rogers departs

August 28th, 2015 No comments
Ian Rogers, (left), former CEO of Beats Music and arch designer of aspects of Apple Music, is withdrawal the Cupertino-based tech company. He is shown here with Beats-turned-Apple execs Jimmy Iovine, center, and Trent Reznor. (Robert Hanashiro/USA TODAY)

Ian Rogers, (left), former CEO of Beats Music and arch designer of aspects of Apple Music, is withdrawal the Cupertino-based tech company. He is shown here with Beats-turned-Apple execs Trent Reznor, center, and Jimmy Iovine. (Robert Hanashiro/USA TODAY)

SAN FRANCISCO – Ian Rogers, a key designer of Apple Music’s Beats 1 air wave station, is withdrawal the tech company.

Apple (AAPL) orator Tom Neumayr reliable the departure. A Financial Times inform records that Rogers skeleton to stick on the West Coast offices of a “Europe-based association in an separate industry.”

Rogers, along with writer Jimmy Iovine and musician Trent Reznor, helped emanate Beats Music. Last year, Apple paid for the pretender streaming song service, with the singular importance on tellurian curation, for $3 billion. Rogers was tasked with anchoring what has valid to be one of Apple Music’s most renouned features, the Beats 1 live-streamed air wave station.

Earlier this month, Apple voiced that it had thick with eleven million hearing subscriptions to Apple Music, that come Oct will assign consumers $9.99 or $14.99 (for a multi-device family plan) per month. The vicious subject is simply how most of those hearing members will stay on when the giveaway hearing ends. The personality in the zone is Spotify, with a little twenty million profitable subscribers.

Rogers was obliged for assisting move London-based BBC 1 deejay Zane Lowe to Beats 1. In a brand new talk with USA TODAY, Iovine raved about the hire, spotlighting Lowe’s capability to brand and mangle brand new low-pitched bent such as Halsey’s singular New Americana.

Prior to fasten Beats Music as CEO in Jan of 2013, Rogers led artist-to-fan family association Topspin Media and was ubiquitous physical education instructor of Yahoo Music from 2003 to 2008.

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Sprint’s one-year free phone deal targets DirecTV subscribers

August 27th, 2015 No comments


Sprint is courting DirecTV business with an suggest of one giveaway year of phone use for subscribers to the heavenly body service.

Starting Friday and by September, DirecTV business who switch to Sprint – and existent Sprint business with DirecTV who supplement a brand new line – can get twelve months of total talk, content and 2 Gigabytes of interpretation per line (up to 5 lines).

Sprint (S), that recently slipped to the No. 4 mark between wireless carriers at the back of T-Mobile, used AT&T’s recent acquisition of DirecTV to poke fun at the competition.

Sprint shares were up some-more than 5% Thursday to $5.07.

Profile: T-Mobile CEO John Legere

“DirecTV business love their TV use – but they shouldn’t have to solve for AT&T wireless,” pronounced Sprint arch selling military officer Kevin Crull in a statement. “Why not set up the undiluted gold by mixing with Sprint wireless? We’re winning awards opposite the nation since the network has never been stronger, faster or some-more reliable, and the business have never been some-more satisfied.”

Competition has increasing for subscribers of wireless and pay-TV services. After the July merger of DirecTV was approved, AT&T began charity stream business of the U-Verse use and DirecTV subscribers $500 in credits for switching to AT&T wireless service.

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PayPal already pays off for investors

July 20th, 2015 No comments


Shares of digital payments complement PayPal (PYPL) have been drifting aloft Monday following the mangle from online auctioneer eBay (EBAY).

PayPal strike the marketplace as a standalone batch following pulling and prodding from romantic investors who suspicion the association would be some-more assertive in the margin of digital payments outward the domain of eBay.

That speculation appears to be scold currently as shares of PayPal have been up $2.64, or scarcely 7%, to $41.03. Shares of eBay have been additionally up $1.25, or 4%, to $29.13. PayPal right away has a marketplace worth of $50 billion and eBay is valued at $35.3 billion.

Looks similar to on Wall Street one and one can next to 3 – at slightest for now.

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Netflix shares hit new high after split, Q2 earnings

July 16th, 2015 No comments


Netflix shares sealed at a brand brand new tall Thursday following the prior day’s auspicious second-quarter gain report.

Shares rose some-more than 18% to $115.81, practiced for Tuesday’s 7-for-1 batch split. Netflix (NFLX) has been trending ceiling this week; shares on Monday strike a brand brand new shutting tall of $707.90.

STORY: Netflix gets 34 Emmy nominations.

During Wednesday’s post-earnings recover discussion call with analysts, Netflix CEO Reed Hastings was asked about the company’s batch cost and either it was warranted.  He pronounced he had since up trying to insist the share cost of the streaming video provider’s stock.

When the shares were half the price, he was “euphoric,” Hastings said. “So it’s a poser to me. What we concentration on is how to get implausible content, tide it beautifully, marketplace it in each nation (and) grow the partial of base. I think I’m out of the batch explanation business.”

He doesn’t need to since many batch analysts have been bullishly commentating for him.  Nomura researcher Anthony DiClemente lifted the firm’s aim for the batch to $120 in a note today, observant that “Netflix continues a solid – if not accelerating – impetus toward apropos the many absolute tellurian distributor of media content. In the view, the quarter’s greatest warn was the strength of the 3Q general subscriber guidance, which was forward of already-ambitious Street estimates.”

Netflix forecasted the general 3Q enlargement as 2.4 million, 150,000 aloft than Nomura had estimated, he said. The association is rising in Japan during the third quarter; Spain, Italy, and Portugal in the 4Q.

As partial of the second-quarter gain release, the Los Gatos, Calif.-based online TV pennon said which it combined 3.28 million customers worldwide, bringing the sum to some-more than 65 million.

Stifel Research and S&P Capital both set an even aloft aim cost of $128 in records today. Stifel cited Netflix’s better-than-expected performance on made at home subscriber growth,  3Q foresee on subscriber enlargement and handling income as highlights.

“We see sharpening calm costs increasingly counteracted by accelerating subscriber growth, and (Netflix) still on lane with took off general enlargement by 2016, expected reaping ‘material tellurian profits’ thereafter,”  S&P Capital’s Tuna Amobi said.

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