May 20, 2013
Sprint Bulks Up on Mobile Advertising with Handmark Acquisition
 In a move that points to how widespread and impacted the competition for mobile advertising dollars has and will continue to become, on Monday the nation’s third largest provider of wireless services Sprint Nextel (S) announced the acquisition of the Kansas City, Missouri-based Handmark, Inc. Handmark’s subsidiary One Louder is a developer of mobile apps, and having done prior work for companies such as Twitter, with TweetCaste, Facebook (FB) with FriendCaster, and CBS sports among others, the company offers Sprint a much-needed foothold in an increasingly device-oriented marketplace. Sprint sees One Louder as being the perfect supplement to its Pinsight Media+ service that provides mobile marketing data and analysis to advertisers. Kansas City is known to have a thriving tech scene, and according to Sprint’s press release on Monday, the company has spent a significant amount of time fostering relationships (more)…
Facebook: A Year in Review
 The first anniversary of Facebook’s (FB) IPO occasioned a number of retrospectives about the social media site that, ostensibly at least, counts some 1/7th of the world’s population among its registered users. In particular, a great deal has been made about the fact that the company’s shares have yet to match their IPO price. As much trouble as the company has had with share price since the partially-botched IPO last year, the bigger story for Facebook is to be found in the great number of tech companies it has acquired since that time, that goes hand in hand with the company’s desire to drastically increase the amount of revenue it gets from mobile advertising. Presumably, if Facebook successfully continues to make significant gains in mobile as it has been doing, the gap between its current share price of $26.25, and (more)…
Yahoo’s Board Approves $1.1 Billion for Tumblr Deal
 The iconic Yahoo! (YHOO) sign went up in 1999 off the north side of highway 101 on the way into San Francisco, and had remained in the exact same spot since those exuberant days of the dot com boom, becoming as much a part of the city’s skyline as the Transamerica building, or even the clouds themselves. The billboard’s disappearance, however, does not seem to be an indication that the company itself plans to go the same way. On Sunday, the board of once dominant internet company Yahoo! Inc. (YHOO) reportedly approved a $1.1 billion deal to acquire social media site Tumblr. The move is seen as one of the company’s most significant as it attempts to regain some of its former prominence under new CEO and former Google (GOOG) executive Marissa Mayer, who recently has drawn more attention for (more)…
May 17, 2013
Stocks Under $10: Advanced Micro Devices Gets Downgraded to Sell
 Advanced Micro Devices (AMD) – was recently been downgraded to a Sell rating according to ValuEngine with fair value at 5.92, which makes the stock 28.0% undervalued. The one-year price target is $3.93. ValuEngine Profile – “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious (more)…
May 16, 2013
Cisco Systems Leads Tech Higher
 Tech shares rallied on Thursday, led by Cisco Systems’ (CSCO) 13 percent leap to as high as $24.25. The increase dragged other sizeable network and communications stocks along with it, including Juniper Networks (JNPR), up nearly 4 percent, Palo Alto Networks (PANW) up 3.6 percent, Riverbed Technology (RVBD) up 4.4 percent. Cisco reported fiscal third-quarter earnings during late trading on Wednesday that allowed shareholders and investors to breathe a little easier after concerns that the general trend in global tech markets away from hardware and toward software and cloud services was beginning to take its toll on the company. On revenue of $12.2 billion, Cisco earned $2.5 billion or $0.46 per share, against the prior year period during which the company earned $2.2 billion or $0.40 per share on revenue of $11.6 billion. Excluding items, the company earned $0.51 per (more)…
Will Google Stay Above $900 for Long?
 Shares for Google (GOOG) hit their all-time high of $911.75 on Wednesday as the company kicked off its annual I/O developer’s conference on at the Moscone Center in Downtown San Francisco. Last year, the company used the occasion to make some big announcements about new products, introducing its $199 Nexus 7 tablet to much fanfare, unveiling a newly revamped version of Android called Jelly Bean, and setting off what has been a year of furious speculation by giving attendees their first peek at Google Glass. The anticipation surrounding this year’s I/O, particularly with regard to new product innovations, has been somewhat less intense. There is an expectation that Google Glass will remain the centerpiece in terms of high-profile upcoming releases. The company in 2013 began shipping a version of the wearable technology to developers, and many have been impatient for (more)…
May 14, 2013
BlackBerry Moves to Emerging Markets with Q5
 Seeking to solidify its presence in emerging markets, the company formerly known as Research in Motion Limited (BBRY) revealed the newest model on its BlackBerry 10 platform, the Q5. Much like the Q10 model, the Q5 has a physical keyboard, comes in 4 different colors, and is designed to be less expensive for consumers in parts of the Middle East, Africa, Asia, and South and Central America. Prior to the release of its new Z10 and Q10 models earlier this year, the company seemed as though it was heading for an enormous crisis. Indeed, it was not all that long ago that the Blackberry phone was a serious competitor to Apple’s (AAPL) iPhone. The Z10 and Q10 were seen as the company’s last stand, but their unveilings were surrounded by confusion arising from oddly staggered release dates in different countries, (more)…
Third Point’s Daniel Loeb Moves to Divvy up Sony
 Amid a recent fervor in the West for Japanese equities, Third Point Management’s Daniel Loeb was in Japan over the weekend meeting with executives at Sony (SNE), reportedly in an attempt to convince electronics and entertainment giant to spin off its entertainment business into a separate company. Loeb’s hedge fund has over time gathered a 6.5 percent stake in the company, 64 million shares estimated to be worth some $1.1 billion. In a letter to Sony CEO Kazuo Hirai delivered after the visit, Loeb had a great deal of praise for the company’s recent statements about making the changes necessary for a turnaround. At the same time, the language used in the letter, while laudatory, was unequivocal. Loeb was praising the company’s public statements about its intentions of implementing changes, but nowhere did he refer to any specific thing the (more)…
Stocks Under $10: Guidance Software
 Guidance Software (GUID) – ($8.55) has been upgraded to a Buy rating according to ValuEngine with fair value at $8.13, which makes the stock 5.3% overvalued. The one-year price target is $9.25. ValuEngine Profile – “GUIDANCE SOFTWARE INC., is recognized worldwide as the industry leader in digital investigative solutions. Its EnCase platform provides the foundation for government, corporate and law enforcement organizations to conduct thorough, network-enabled, and court-validated computer investigations of any kind, such as responding to eDiscovery requests, conducting internal investigations, responding to regulatory inquiries or performing data and compliance auditing – all while maintaining the integrity of the data. Validated by numerous courts, corporate legal departments, government agencies and law enforcement organizations worldwide, EnCase has been honored with industry awards and recognition from eWEEK, SC Magazine, Network Computing and the Socha-Gelbmann survey.” Analysis – The daily chart for (more)…
May 13, 2013
Stocks Under $10: Rubicon Technology
 Rubicon Technology (RBCN) – ($7.06) has been upgraded to a Buy rating according to ValuEngine with fair value at 8.26, which makes the stock 15.3% undervalued. The one-year price target is $7.43. ValuEngine Profile – “RUBICON TECHNOLOGY is an advanced electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other innovative crystalline products. Rubicon’s products are used in light emitting diodes and blue laser diodes for solid state lighting and electronics applications, in radio frequency integrated circuits and in products for military, aerospace, sensor and other applications. Rubicon is headquartered in Franklin Park, Illinois.” Analysis – The daily chart for RBCN shows overbought momentum with the stock above its 21-day, and 50-day simple moving averages at $6.93 and $6.39 and below its 200-day simple moving average at $7.42. My monthly value level is $5.82 with a weekly risky (more)…
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