Japanese electronics giant Toshiba Corporation has acquired Swiss electronic-metering company Landis+Gyr A.G. for .3 billion in cash in a bid to expand its smart grid business. The sale is expected to close in the third quarter of this year, subject to regulatory approvals, the company said in a statement. Toshiba will gain access to Landis+Gyr’s customers in 30 markets in countries including the United States and Europe.
TOKYO, April 26 (Reuters) – Big companies in Japan will stick to a 25 percent power-saving target for the summer even if quake-hit Tokyo Electric Power Co. adds more electricity capacity, and should be able to carry out business as normal, Japan’s biggest business lobby group said on Tuesday.
Filed under: Cisco Systems (CSCO)
Cisco Systems Inc. (CSCO) is exiting parts of its consumer businesses, with plans to shut its Flip video camera business.
The announcement by the world’s biggest maker of computer-networking gear on Tuesday comes just a week after CEO John Chambers sent a memo to employees vowing to take “bold steps” to narrow the company’s focus.
Cisco, which is facing stronger competition from rivals in its core business, said it will realign its remaining consumer business to support four of its five key priorities – core routing, switching and services; collaboration; architectures and video.
The San Jose, Calif., company anticipates its consumer business shakeup will result in the loss of 550 jobs and restructuring charges of no more than 0 million in its fiscal third and fourth quarters.
OmniVision (OVTI – option chain) stock is trading sharply lower today after Sony (SNE) CEO Howard Stringer said late Friday that his company is supplying camera components to Apple (AAPL). This could pose a threat to OVTI’s AAPL business, as OVTI had been the main supplier of image sensors for the iPhone. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on OVTI.
This morning, OVTI opened at .06. So far today the stock has hit a high of .10 and a low of .20. As of 12:15, OVTI is trading at .15, down .04 (-8.4%). The chart for OVTI looks neutral and S&P gives OVTI a neutral 3 STARS (out of 5) hold ranking.
Salesforce.com (CRM) provides applications that manage customer information for sales, marketing and customer support. It has a customer base of approximately 85,000 clients. Its service provides sales leads, maintaining customer information and tracking customer interactions.
Intuit (INTU) caters to small businesses with its QuickBooks and TurboTax software. As well, it provides payroll and financial software for small businesses. The company has about 50 million users of its products.
First off, an app store is just that, a place where you can pick and choose the apps you want to download. The app store is also a place where entrepreneurs can develop an app and with permission place it on the iPhone, iPad or Android device.
News Corp (NWSA – option chain) shares are off a bit today after a company official said at a conference that the company is planning to build its own social-gaming business, hoping to capitalize on the momentum of smaller gaming start-ups like FarmVille maker Zynga. The NWSA official said the social-gaming effort will not be connected to its social network site MySpace, which the company is considering selling. So far this morning, investors are not too optimistic about this news. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NWSA.
NWSA opened this morning at .17. So far today the stock has hit a low of .04 and a high of .55. As of 12:05, NWSA is trading at .24 down 0.18 (-1.1%). The chart for NWSA looks bullish and S&P gives NWSA a positive 4 STARS (out of 5) buy ranking.
Filed under: Dell (DELL)
Dell (DELL) competes with personal computer manufacturers like HP (HPQ), Apple (AAPL), Acer (ACEIF) and Toshiba (TOSBF), and increasingly against IBM (IBM) and others for IT services. We have a .39 Trefis price estimate for Dell’s stock, and we estimate that Dell’s hardware business which includes notebooks & netbooks, tablets, desktops, printers and displays makes up nearly 33% of Dell’s stock. Our price estimate is around 40% ahead of the current market price.
Below we discuss four key trends for Dell’s hardware business and their potential impact on Dell’s stock price.
Filed under: NIKE, Inc’B’ (NKE)
Nike, Inc. (NKE) is the largest global manufacturer of athletic footwear, apparel and equipment by sales volume, and competes with Sketchers, Adidas AG, Steven Madden and K-Swiss in the global footwear market. It sells its products under several brands including Nike, Nike Golf, Converse, Cole Haan, Umbro, and Hurley.
We maintain a .52 price estimate for Nike’s stock, roughly 13% below market price.