Techquity: Amazon goes after Apple, Microsoft downgraded
Thursday, January 10, 2013 - 02:45
Jan. 10 - Amazon introduces a new music service while Morgan Stanley cuts Microsoft.
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Next Amazon goes after apple Microsoft goes after Amazon and apple goes after. Business in China. First dot Amazon which could steal some fans from fellow enforcement Apple's popular iTunes store. It's launching a new music service call our -- -- the only retailer will give customers. Three digital versions of CDs bought it Amazon so baby boomers like me still addicted to those shiny discs won't have to rip them anymore. They can simply play back the songs on the mobile devices are PCs from Amazon's cloud player service. The service works with CDs on Amazon since 1998. But it only applies to afford 50000 albums designated as auto rip. This move could not only help Amazon sell more CDs but also unity is -- went with and invested it in -- how services. It's fast growing business for storing data. Amazon's stock is down nearly 1%. A former Amazon board member joining Microsoft Blake recording becoming a vice president and Xbox division. This comes after Microsoft bought his company I 88 which focuses on technology in the home. It recently developed an app that allows users control their home heating -- Smartphone. Microsoft could use little -- any help that it is suffering from windows problems. Morgan Stanley downgrading the stock to equal weight from overweight citing disappointing results for the latest version of the software. It thinks the stock is cheap trading at a price earnings ratio under ten. But it leaves a PC market will remain weak which will not help she is getting a little cheaper today down about 1%. Apple opened short one of its weaker spots China CEO Tim Cook taking pictures with fans there and meeting with the government and corporate leaders. Today's agenda included face time with the chairman of China Mobile. And that's why it was scary with the most subscribers in the country and one Apple's been trying to reach a deal with for years shares rose as much as 2% in early trading. Now trading roughly four. Story inspiring time our look at movers first soaring this -- can. Credit Agricole starting coverage of the outperform rating and wondered 33 dollar stop price tag. Shares up close to 4% -- near 118 months and sputtering CACI international. Provider of technology solutions for the US Defense Department among others cut to underperform from market perform by Raymond James shares down about 3%. That's equity this Thursday remember you can follow us on Twitter at RT -- equity. I'm Fred Katayama and this is what.
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