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Top growth fund manager sours on Apple, U.S. tech

One of the top performers in the U.S. growth fund sector has lost his appetite for tech. Jerry Jordan has booted almost all his Apple (AAPL) holdings from his portfolio, and he's done the same with Google (GOOG). Both, Jordan says, have become too expensive. In fact, he's getting out of almost all U.S. and European tech companies for that reason -- and is turning his attention to China.

Jordan tells Reuters, "The growth [in China] is much faster, it's much more of a green field opportunity."

Continue reading Top growth fund manager sours on Apple, U.S. tech

Wall Street hates Warner Music Group's Q4 report

Warner Music Group (WMG) was out of favor with the market today. At the time of this writing, shares of the company were down over 16% on big volume. Wall Street did not appreciate the fourth-quarter release.

According to TheStreet.com, a loss, on an adjusted basis, of 3 cents per share was recorded. Analysts were hoping for a profit of 5 cents per share. The cited article goes on to report a not-so-comforting outlook for the near future. And in further bad news, TheFlyOnTheWall.com mentions a downgrade on the stock.

Continue reading Wall Street hates Warner Music Group's Q4 report

Apple backs AT&T in continuing spat with Verizon

AT&T, Inc. (T) has been getting itself into a wad about recent commercials from larger competitor Verizon Wireless. In those ads, Verizon touts its advanced 3G wireless coverage over AT&T's tepid 3G coverage as a way to battle the ubiquitous popularity of the Apple (AAPL) iPhone that no carrier seems to be able an unseat as the phone to exclusively sell.

Continue reading Apple backs AT&T in continuing spat with Verizon

eBay pushes new iPhone app to propel $500M in mobile sales

Last summer, eBay (EBAY) launched its iPhone app, which turned into an instant hit. If anything, it showed that mobile commerce was not a pipe dream as the downloads reached more than five million.

So, in anticipation of the Christmas shopping season, eBay has launched a new iPhone app. It's called "Deals."

Continue reading eBay pushes new iPhone app to propel $500M in mobile sales

Twitter to make acquisitions, generate revenue in 2010

Twitter is on the prowl. Though it made its last acquisition more than a year ago, company founder Biz Stone said on Tuesday that it's looking to add to the stable. There aren't any specific targets yet -- at least none revealed -- and Twitter is keeping its options open. The likely pool of potential acquisitions consists of third-party Twitter application developers, which is largely responsible for the micro-blogging service's growth in popularity.

Stone, one of Twitter's founders, said at a Tel Aviv news conference, "As our attention is grabbed by some of these developers, we will take a hard look at them." This refers to companies that develop applications for Apple's (AAPL) iPhone and Research in Motion's (RIMM) Blackberry. It also refers to developers for the Web and desktop, such as HootSuite and TweetDeck.

Continue reading Twitter to make acquisitions, generate revenue in 2010

Apple's iPhone set for South Korean launch

Apple (AAPL) continues to bring the iPhone to countries outside the U.S. Although its launch in China didn't generate as much fanfare as the company had hoped, things take time to roll into a big ball of success. Apple won't be slowing down international introductions of the handset that changed the wireless game, that's for sure.

As such, South Korea's own LG Electronics and Samsung Electronics are about to see their homeland assaulted by the official introduction of the iPhone for sale into that country. South Korea's KT Corp. and SK Telecom are the reported carriers for Apple's iPhone there, and although the South Korean market may seem like a small potato of opportunity for Apple, the company has been cleared by the Korean Communications Commission to start selling its popular handset.

Continue reading Apple's iPhone set for South Korean launch

Android-powered phones set stage for holiday competition with iPhone

Google (GOOG) and Apple (AAPL) were once favorite friends. When Google CEO Eric Schmidt resigned from Apple's board of directors, though, the gloves came off. With Apple's venerable and extremely popular iPhone selling for $99 (for the base edition), Google's "Android" phones -- made by several manufacturers and sold by many carriers -- have not matched those low Apple prices. Not any more.

Consumer electronics retailer Best Buy (BBY) is selling the Samsung Moment and the HTC Hero for $99 through December -- matching Apple's iPhone pricing for a two-year contract. That's with no rebates, either. So, the question is this: will Google's Android-powered phones start gaining traction on the iPhone? With AT&T's (T) penchant for poor service and for exorbitant calling plan prices, this may be enough to get those on the iPhone fence switching over to a touchscreen Android phone.

Continue reading Android-powered phones set stage for holiday competition with iPhone

Cramer on BloggingStocks: Dell feeds the bears

TheStreet.com's Jim Cramer says traders who focus on the negative will pounce on this poor report.

Thanks for nothing, Dell (DELL) (Cramer's Take)! Given that this market seems to care less about the good like NetApp (NTAP) (Cramer's Take), Ross Stores (ROST) (Cramer's Take) or Limited (LTD) (Cramer's Take) and is focused on the bad, like the semi-downgrade from Bank of America Merrill Lynch, I am sure that Dell will be viewed as part and parcel with the downgrade.

I can't stand Dell. I actually slam it in Getting Back to Even, taking a chance that it would get its act together and make me look bad on the very quarter the book is released. Looks like that was a lot of worry for nothing.

Continue reading Cramer on BloggingStocks: Dell feeds the bears

Apple's Macs aren't safe from phishing attacks

Once upon a time, Mac users could brag they were much safer from malicious electronic attacks. After all, in the days before Google (GOOG), when Microsoft (MSFT) was the only uber-player in town, Windows was the perpetual malware target. Phishers, however, aren't discriminating; they're just looking for an account to plunge. So, both Apple (AAPL) and Microsoft users are threatened. Virus writers do tend to focus on the Windows operating system, which owns 90% of the OS market, but phishers are platform independent.

Phishing involves attempts to get a user to reveal information about their accounts. Once the soon-to-be victim clicks that link or fills out a form, the "transaction" is complete -- no operating system interaction necessary. As a result, there really isn't any advantage to using a Mac over a PC.

Continue reading Apple's Macs aren't safe from phishing attacks

NASA makes social media bet for Atlantis launch

The recession has led everyone with a budget to question ever line. From households to businesses to state and federal governments, nothing is sacred. Finding new ways to get the same result without spending the same amount mean not having to make sacrifices. NASA has been under considerable financial pressure, as many question the value of sinking cash into space travel. So, it has to get creative in justifying its existence ... and in generating excitement about the agency and what it does.

When the space shuttle launches on Monday, 200 thumbs will be at the ready. NASA has deputized 100 of its top fans on Twitter to come to the launch and tweet the experience. These fans are estimated to have more than 150,000 followers, all with the potential to retweet the messages they see. Every click of an iPhone or Blackberry will give NASA more exposure, building the excitement it needs to keep the operation afloat. So, whether you realize it or not, the launch is being brought to you by Twitter, Apple (AAPL) and Research in Motion (RIMM), even if only implicitly.

Continue reading NASA makes social media bet for Atlantis launch

BT and Google battle over the spoken word

BT Group, which virtually owns the UK telecommunications market, isn't waiting for Google (GOOG) to launch a full attack. The company probably expects to be under assault from the search engine (and advertising and e-mail) giant, so it's taking early action. Google Voice is still being tested, but words like "free" and "powerful" and "internet-based" are bound to inspire fear in even the most established of companies.

To protect itself from the eventual attack from Mountain View, BT picked up Ribbit Mobile, and testing is in progress. Ribbit's technology has some overlap with Google Voice and even beats it with a few capabilities, according to Bloomberg. Ribbit just launched its beta product this month. It allows either the user's current phone number or a new one from Ribbit -- which is no different from Google's alternative. The product suite is generally the same, with phone- and web-based voicemail retrieval and automatic transcriptions that can be sent by text message or e-mail. For an extra fee, BT's Ribbit does provide human transcription, though it is free during testing. And, calls can be taken directly from a computer, using a microphone and speakers.

Continue reading BT and Google battle over the spoken word

Weak dollar winner #5: Apple (AAPL)

Weak Dollar Winner #5 -- Apple (AAPL)Apple (AAPL) has been dominating the domestic market over the past few years, and its products and innovations have been huge successes. The latest winner is the iPhone smart phone.

Now, with a weak dollar, look for sales of this fantastic product to explode across the globe. If you think the success domestically is something, wait to see what sales do overseas.

Continue reading Weak dollar winner #5: Apple (AAPL)

Internet holds the answer to combat stress, but in small doses only

Morale has plunged among military personnel in Afghanistan as a result of record violence in the war, according to the U.S. Army. A battlefield survey found that the situation is particularly problematic for soldiers on their third and fourth combat tours, and junior enlisted soldiers are most likely to experience marital problems because of deployment. Though it's not a complete solution, the study did find that limited doses of technology – either through video games or internet access – can help.

The study, obtained by NBC News, revealed that more than 20% of soldiers are experiencing combat stress, and half of them are having difficulties getting professional help. Combat Stress units in Afghanistan, the report says, are "undermanned," and this type of unit has no presence in the southern part of Afghanistan, where most of the combat is taking place.

Continue reading Internet holds the answer to combat stress, but in small doses only

Five winners of a weak dollar: SBUX, PEP, AAPL

5 Winners of a Weak DollarLast week, under the guise of betting on America, Warren Buffett and his Berkshire Hathaway (BRK.A) made an offer to buy all outstanding shares of Burlington Northern (BNI) for a significant premium.

In making the announcement, Buffett confidently claimed that rail would play a big role in the recovery of the economy. What he did not say was that this was a bet on the U.S. dollar.

Continue reading Five winners of a weak dollar: SBUX, PEP, AAPL

Tomorrow's gurus shine in NYSE Financial Future Challenge

The future investment stars are already with us. The NYSE Financial Future Challenge, operated by the NYSE Foundation, By Kids for Kids, K12 Inc. and the United Investors Association, is in full swing, with five finalists just identified. To reach this level, the participants had to develop a new product, idea or process that would "excite, educate and motivate their peers" to become interested in the financial marketplace. The eventual winner lurks within this subset and will receive a $2,500 prize -- a great way to get that portfolio started. And, he or she will be feted at a closing bell ceremony at the NYSE (NYX) on January 11, 2010.

The finalists presented a variety of ideas which are sure to generate some buzz. Kelsey Foss, a 12-year-old from Mountainville, NY, proposed a new television show, "Stock Market Tycoon Idol," which would harness the popularity of reality TV while amping up the content. The program would involve the journeys of 10 kids as they seek to make money or lose it, with the possibility of becoming virtual millionaires along the way. The show would be set at a mock NYSE studio on Wall Street, and exports would be brought out to mentor the contestants. The reality TV reach would help engage a younger audience.

Continue reading Tomorrow's gurus shine in NYSE Financial Future Challenge

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Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P; 500+4.981,110.63

Last updated: November 25, 2009: 08:28 PM

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