Tag Archives: investors
US Mac shipments down 7.5% … or maybe up 7.4% … or possibly up 14%
Market tracker IDC says Apple’s Q1 Mac shipments in the US fell 7.5 percent year-on-year, while rival company Gartner says they increased 7.4 percent in the same period. Meantime, the NPD Group – which measures sales rather than shipments – says those are up 14 percent … Despite the conflicting figures, reported by CNET, IDC [...]
Apple to live webcast Tim Cook’s Goldman Sachs technology conference presentation Feb. 12
Apple announced today on its Investor News page that CEO Tim Cook, like in previous years, is scheduled once again to speak at the upcoming Goldman Sachs Technology and Internet Conference. Apple will make a live webcast available for anyone who wants to listen to live-streaming audio from the conference call. Cook’s talk is scheduled [...]
With Top Firms On Hand, Israeli-American Accelerator UpWest Labs Debuts Its Second Class
At Aol's offices in Palo Alto this evening, UpWest Labs pulled back the curtain on its second batch of startups. While the accelerator is open to companies of all breeds, be they advertising, mobile, or security-focused, its second class is largely consumer-focused and leans heavily towards video.
More than 120 private investors, angels, and firms were on hand for UpWest's Demo Day Tuesday night, including representatives from Menlo Ventures, General Catalyst, CrunchFund, Accel, Trinity Venture, and Charles River Ventures.
With Top Firms On Hand, Israeli-American Accelerator UpWest Labs Debuts Its Second Class
At Aol's offices in Palo Alto this evening, UpWest Labs pulled back the curtain on its second batch of startups. While the accelerator is open to companies of all breeds, be they advertising, mobile, or security-focused, its second class is largely consumer-focused and leans heavily towards video.
More than 120 private investors, angels, and firms were on hand for UpWest's Demo Day Tuesday night, including representatives from Menlo Ventures, General Catalyst, CrunchFund, Accel, Trinity Venture, and Charles River Ventures.
Win A Meeting With Sean Parker, SV Angel & More In An Auction To Benefit Cancer Research
The Motion To Dismiss Cancer, a team formed to raise money for the The Leukemia & Lymphoma Society (LLS), recently kicked off its annual "Venture Capital Master's Lunch Series," an ongoing auction that offers anyone and everyone an opportunity to win private meetings with an array of top venture capitalists and startup founders -- with all proceeds going to benefit LLS and cancer research.
Over the next two months, in six rounds of auctions set to take place on eBay, investors from New Enterprise Associates, Draper Fisher Jurvetson, Menlo Ventures, Greylock Partners, along with founders of companies like Lytro, 23andMe, Rock Health, BandPage, Spotify, Pulse, Loopt, Votizen, and more will prepare to subject themselves to your pitches and pleas for funding -- all in the name of a worthy cause.
Following Apple dividend, Google shareholders seek the same
A number of Google shareholders are asking for the Internet giant to follow in Apple’s footsteps and return part of its $44.6 billion in cash to investors, Bloomberg reported on Thursday. Google has more cash as a percentage of market value than five of its largest competitors, including Apple. The iPhone maker recently reinstated a dividend and unveiled plans for a $10 billion stock buyout last month. Google is currently the only U.S. technology company with a market value of more than $125 billion that doesn’t offer a regular shareholder payout. The Mountain View-based company’s cash has almost doubled since 2009, and it has increased by between $2 billion and $3 billion each quarter. A dividend would ease the tensions
Sprint’s board is watching CEO Dan Hesse closely amid investor unrest
After five years at Sprint’s helm, CEO Dan Hesse’s effectiveness is being called into question. While Hesse and his team have managed to stall subscriber defection, revenue continues to decline. With flops in Clearwire, WiMAX, LightSquared and a risky $15.5 billion gamble on Apple’s iPhone, Sprint investors fear the CEO may not have what it takes to lead the company against AT&T and Verizon Wireless in an industry that regulators fear has already grown too concentrated. Big investors have voiced strong concerns that the company’s management, led by Hesse, isn’t up to the job, The Wall Street Journal reported on Monday. Dragos Stefanescu, a director for the Ontario Teachers’ Pension Plan, sharply criticized Mr. Hesse at a lunch meeting in Boston
Sprint seeks an additional $2 billion from investors
Sprint on Monday announced that the carrier is issuing another round of notes due in 2017 and 2020 in an attempt to generate approximately $2 billion in capital. The investment would allow Sprint to fund general operations, build out its LTE network and possibly help fund the Clearwire as it continues to struggle. “The company intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include, among other things, redemptions or service requirements of outstanding debt, network expansion and modernization and potential funding of Clearwire Corporation and its subsidiary Clearwire Communications LLC,” Sprint said. Read on for Sprint’s press release. Sprint Announces Private Placement of Notes OVERLAND PARK, Kan. (BUSINESS WIRE), February 27,
Tim Cook: Apple has more cash than it needs
During the company’s annual shareholders meeting on Thursday, CEO Tim Cook acknowledged that Apple has more money “than we need to run a company.” Apple’s board is currently engaged in “active discussions” about what to do with the $100 billion in cash it has on hand, hinting at the possibility of a dividend. “The board and management team are thinking about this very deeply,” Cook said. A dividend returns a portion of the company’s profit to shareholders, and the last time Apple paid one was in 1995 prior to the return of Steve Jobs. Investors have pushed the company to again pay a dividend, hoping it will boost Apple’s stock price by bringing in a new breed of investors, reports Bloomberg. “You
Apple iPhone 4S fails to impress Wall Street
Apple took the wraps off of the iPhone 4S today but its stock price dipped by as much as 5% as investors looked to the Cupertino-based company to release a more impressive next-generation smartphone. Fifteen months after last updating its iPhone, investors wanted to see an all new design but instead were met with an incremental update in a case identical to the iPhone 4. It offers a dual-core Apple A5 processor, an improved 8-megapixel camera capable of recording 1080p HD video and Apple’s new voice-based Siri technology, but the iPhone 4S does not offer a completely revamped industrial design, as many had suspected. The iPhone 4S will launch on October 14th and Sprint will join AT&T and Verizon Wireless in