Techquity: Time for iWatch help, Yelp and Qualcomm cut
Monday, July 15, 2013 - 04:05
July 15 - Apple reportedly seeks help to create iWatch while analysts lower ratings and Yelp and Qualcomm.
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Apple's hanging -- the help wanted -- sports I watch the Financial Times is Apple's hiring aggressively. For the project but a device may not launch until late next year. If ever. The papers as apple needs outside expertise to develop -- wearable product because it involves engineering problems it has not been able assault on its own. Also CEO Tim Cook could still decide not to bring it to market apple declined comment the FT. Apple shares up fractionally today and getting closer to their fifty day moving average. The head of Google China is stepping down the company says -- young has left to pursue other opportunities. He's being replaced by the head of Google partnership business in Europe. Google's share of the search market market in China has fallen to just 2% down from 8% in 2011 point Chinese data from CN ZZ. Islam comes after decision not to censor searches on the mainland. And moved its servers to Hong Kong. -- shares roughly flat today. -- having trouble in China. Best of the rest companies Microsoft and Blackberry having trouble here in the US. Microsoft now cutting the price of its service RT tablet by 150 dollars or as much as 30%. Partners like that's mine -- with a -- discounted prices with some of them saying the products sales laggard. Then there's the price of blackberries -- -- ten Smartphone. Already getting slashed just four months after it launched some US retailers discounted -- by as much as 75%. But there recently reported sales of the new device can while below most analyst expectations. Now it's not uncommon for companies to offer discounts on devices some time to clear out inventory before new models that you. But neither Microsoft nor Blackberry have announce any new models. Still both companies' shares are up about over a percent today. Microsoft game loose from Raymond James which upped its price target based on the belief that improvements in its hardware and windows operable -- the just one trading day after Needham rated Yelp -- buys sports international business prospects UBS downgraded to neutral. UBS -- it is fundamentally bullish on the company that allows users to post a review on line of local businesses but it's the stock has already. Fairly valued after outperforming rivals by more than 90% this year. Yelp dot gyrate wildly in his first year as a public company last year but it has broken out of its range and has more than double this year. It's off about 2% today but that's still not enough to race Friday's game. All the trading lower Qualcomm. Bizarre downgrading Metallica on chip maker to neutral from buy. We'll start notes that as Qualcomm customer shift from buying chips for hiring Smartphones over -- Loaded -- here devices like cheaper Smartphones and wrist watches its earnings could be hit by up to 10%. Qualcomm falling 1% on the down. And a digital music pioneer takes aim at a digital music service. Radiohead lead singer Tom -- going on Twitter to complain about stream music companies Spotify. He writes make no mistake new artist you discover Spotify will now get cannot get paid meanwhile shareholders will shortly. Being rolling in it symbols. York is pulling his latest music from the service unhappy with what -- -- each time there's songs or play. Spotify says it is having a hugely positive effect on artists and new music has already paid half a billion dollars to artists so far. Radiohead thing they operatives in rainbows album in 2007 as a digital download telling us that hey what they wanted Ford. That's happening this Monday remember you can follow us on Twitter -- -- equity. I'm Fred Katayama this is --
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