Techquity: Google's push for TV, plus iPhone optimism
Wednesday, July 17, 2013 - 03:15
July 17 - Google reportedly working on a TV product. Plus, an analyst expresses optimism about Apple's quarter.
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Try to open a new spin on old -- we're talking about television. Google -- company working on -- service published reports stated recently approached media firms about licensing their content for an Internet TV product. One source telling the Wall Street Journal Google even provided a demonstration. It well the report we mentioned yesterday about apple working on it seventeen Easter. A source telling the New York Times Google feels the need to beat apple to the punch. Intel is also developing something it reports results after the closing bell. Google shares roughly flat today the search giant comes out with its quarterly numbers after the closing bell Thursday. Wanna talk about Apple's latest focused on a possible TV service than I watch a low cost -- on. Don't forget about devices already on the market. Morgan Stanley analyst Katy -- pretty expects sales of iphones to exceed forecasts when apple post results next week. This based on supply chain checks and estimates for Morgan Telecom analyst. Q pretty though doesn't see anything to push the stock higher until you iphones hit the market which she looks for in late September. Shares breakeven today near -- thirty puberty -- 540. Dollar price target. In our best to the wrath category Yahoo!'s shares jumping following its earnings report yesterday. The stock up 9% after at least eight brokerages raised their price target the most locking up them to 34 dollars. Most -- -- his 24% share of -- Bob the main reason for their optimism. Quarterly revenue there grew 71%. -- Bob I expect it to go public later this -- higher valuation and FaceBook. Investors overlooking -- his dismal -- numbers. And lower revenue forecast which they got his feet by rather still video webcasts for the first time ever. RBC's mark Haney threw out the first question to the humorous than -- how to video would be a bigger area of investment going forward. Here's the response. And keep CFO Ken Goldman. We think that video is a huge opportunity we really need to have a terrific platform we have the start of that. With Yahoo! screen today. But this is really about the technology the technology of serendipity. And personalization. Great streaming technology -- utilizing today. Maybe quarterly earnings webcast isn't the best example of Yahoo! streaming capabilities. Story inspiring time first soaring -- IT. The provider IP services posted an adjusted profit that topped forecasts shares up 6%. Sputtering is that the makers of scratch cards for Smartphone and tablet devices slashed its full year sales forecast again. Citing lack of major mobile device launches shares down 15%. That's tech would be this Wednesday remember you can follow on Twitter -- -- equity. I'm Sharon rights and it is -- --
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