Microchip (MCHP) shares are headed lower in early trading after J.P. Morgan semiconductor analyst Christopher Danely cut his rating on the stock to Neutral from Overweight. In a research note, Danely says that the move reflects "a slowdown in the Chinese consumer end market and the stock's high valuation." Read more »
To hear tell from Steve Jobs, Apple doesn’t think its new App Store will make a material contribution to its bottom line. ” … To be clear, we don’t intend to make money off the App Store,” Jobs said at a town hall meeting earlier this year announcing the store. “We’re basically giving all the money to the developers, and the 30% that pays for running the store, that’ll be great." ‘Course it will be greater still if it adds a few percentage points to Apple’s operating income. And according to Piper Jaffray analyst Gene Munster it will. Read more »
Yesterday, writing about executive stress at Yahoo, BoomTown posted about the swirling speculation around the fate of Jeff Weiner, the Network division EVP, who many at Yahoo think will soon be headed out the door after his recent paternity leave of four weeks.
Now, several sources in Silicon Valley's voluble venture community confirm the high-ranking exec has been offered and seems likely to accept a spot splitting his time as an executive in residence at two firms--Accel Partners and Greylock Partners.
Read more »
Yahoo's board has been meeting today and, doubtlessly, its directors had a lot to talk about (more on that later!).
Of course, there's the obvious topic of having to figure out how best to deal with the noisy stylings of billionaire investor Carl Icahn, who is waging a proxy war on Yahoo and calling for new management at the top.
But perhaps what the board should be focused on is the old management at Yahoo, especially in the levels just below the top, who have been operating the company under a lot of stress for far too long. Read more »
Shareholders suing Yahoo’s board of directors for its alleged mishandling of the Microsoft buyout offer may find their efforts to pull the company’s controversial severance plan something of a fool’s errand. Because according to a new company filing, their chances of forcing Yahoo to scrap the plan are about as good as their chances of forcing CEO Jerry Yang to use capital letters in his all-hands memos just like a big boy. Read more »
Is Steve Jobs healthy? A lot of people who watched yesterday's keynote at the Apple (AAPL) Worldwide Developers Conference worry that Jobs, a survivor of pancreatic cancer, looked too thin, gaunt, maybe unhealthy. Multiple readers wrote to me this morning asking about his appearance yesterday. Read more »
The Internet-filtering agreements New York Attorney General Andrew Cuomo inked with Verizon (VZ), Sprint (S) and Time Warner Cable (TWX) today, while certainly groundbreaking, pale a bit in comparison to the ones announced in France. Read more »
The once-frustrating process of sharing digital photos and videos has improved over the past year, thanks to seamless Web-based programs. One such application, shwup, serves as a neat, artistic way to share photos quickly -- when it works. Read more »
At the outset of his presentation at the opening session of Apple’s Worldwide Developers Conference, Steve Jobs showed a slide of a stool with three legs to describe the company’s businesses: Macintosh, music and the iPhone. The company is making another bet on parallelism, and the implications may be more profound than anyone yet realizes. Read more »
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