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Google (GOOG) and Microsoft (MSFT) Operating System Competition Heats Up
Google Inc. (Nasdaq: GOOG), not satisfied owning the search engine market, yesterday (Wednesday) revealed it is going to assault Microsoft Corp. (Nasdaq: MSFT) on the turf it has dominated for two decades: the operating system (OS).
In a blog posting, the Mountain View, Calif.-based company introduced the Google Chrome Operating System, which shares the same name as the web browser it introduced in September. Google expects the OS to be available in the second half of 2010, and it initially will run on netbooks, or low-cost laptops designed for Internet access. The company is working with multiple manufacturers such as Acer Inc.,…
10Jul2009 | Money Morning | 0 comments | ContinuedWhy Microsoft (MSFT) Windows 7 Operating System Will Win Big
Microsoft Corp.’s (Nasdaq: MSFT) soon-to-debut operating system – Windows 7 is one of the company’s fastest, most stable versions of Windows yet, and a pre-release version is generating an overwhelmingly positive buzz.
Market-research firm International Data Corp. (NYSE: IDC) estimates that 78% of enterprise users will have Windows 7 desktops, marking the first time a Microsoft operating system has achieved such dominance since Windows XP, which was released in October 2001.
Current plans call for Windows 7 to be released in late October. Upgrades will range in price from $119 to $219, while new purchases will range from $199 to $319, according to…
8Jul2009 | Money Morning | 1 comment | ContinuedU.S. Technology Sector Plays on the Rebound
If the last three months are any indication, the U.S. tech sector has shaken off its recession-heightened late-winter doldrums, and could see its fortunes soar in the year’s second half as businesses and consumers open their wallets and the broader economy picks up speed.
The technology-laden Nasdaq Composite Index was at the forefront of the most-recent market rally, having soared more than 45% since hitting its 52-week low on March 10. That outpaced both the Dow Jones Industrial Average – up 30% in that time – and the Standard & Poor’s 500 Index – up about 37%.
According to industry analysts, the technology sector –…
1Jul2009 | Money Morning | 0 comments | ContinuedMarket Update: Microsoft (MSFT), Sony (SNE), Nintendo (NTDOY), Ford Motor (F), Toyota Motor (TM)
Oil Takes a Spill; SEC Expands Madoff Investigation; Sony Could Lose Largest Game Publisher; Nasdaq Outpaces Other Indices; Walgreens Misses Street Estimates; U.S. Car Brands Close Gap with Toyota Quality;
- In spite of tense geopolitical situations in the Middle East, light sweet crude for July delivery yesterday (Monday) fell $2.62, or 3.8%, to settle at $66.93 a barrel on the New York Mercantile Exchange (NYMEX). Large and violent protests in Iran over the outcome of its recent election would normally raise concerns about supply disruptions and drive up the price of oil. Instead, the market is looking past this tense backdrop in the world’s…
Market Update: Microsoft (MSFT), Google (GOOG), Yahoo (YHOO), General Electric (GE)
Microsoft’s Bing Off to Strong Start; U.S. Natural Gas Reserves Higher Than Once Thought; Carnival Cruise Lines Beats the Street; Treasuries Fall Again; GE Capital May Come Under Fed Scrutiny; Mexico’s Tourism Plummets on Swine Flu Scare; Discover Profits Down
- Microsoft Corp.’s (Nasdaq: MSFT) Bing search engine has gained market share from rivals Google Inc. (Nasdaq: GOOG) and Yahoo! Inc. (Nasdaq: YHOO) just weeks after its launch. The Redmond, Wash.-based software giant grabbed 12.1% of total U.S. Internet searches for the workweek of June 8-12, according to market research firm comScore, Inc. (Nasdaq: SCOR). That was up from the previous week’s share of 11.5%…
Market Update: General Motors (GM), Microsoft (MSFT), Yahoo (YHOO)
U.S. Companies Axe 532,000 Jobs in May; Bernanke: U.S. Must Plan Now to Control Debt; Microsoft Threatens Outsourcing if Tax Bill Passes; U.S. Business Bankruptcies Surge By 40%; Microsoft-Yahoo Still Unglued; Bob Evans Beats Forecasts;
- U.S companies cut roughly 532,000 workers from payrolls in May, more than economists forecast, according to a report from Automatic Data Processing Inc. April’s data was also revised to reflect companies a loss 545,000 jobs, up from the previous reading of 491,000. The unemployment rolls are expected to increase as General Motors Corp. (NYSE: GM) and Chrysler LLC trim payrolls as they deal with bankruptcy. The labor market…
Market Update: Microsoft (MSFT), Time Warner (TWX), Costco (COST), Procter & Gamble (PG)
Time Warner Spinning Off AOL; Costco Misses Earnings; Posco Agrees to 33% Iron Ore Price Cut; Two Auto Parts Makers File Bankruptcy; Microsoft Launches New Search Engine; Geithner Will Prod China to Increase Consumption; P&G Forecast Far Short Of Street Estimates; Lexus Drops LPGA Tour Event
- Time Warner Inc. (NYSE: TWX) plans to spin off its AOL Internet unit by the end of the year, making it its own publicly traded company, Bloomberg reported. The decision reverses the historic $124 billion merger in 2001 that had hurt Time Warner more than it helped.
Market News: AstraZeneca (AZN), Intel (INTC), General Motors (GM), Microsoft (MSFT) and much more
Krugman: U.S. in Danger of Lost Decade; Trichet Sees First Signs of Recovery; Plavix Could Have Serious Competitor; Intel Could Face Record Antitrust Fine; GM Open to Leaving Detroit; Microsoft in First Bond Offering; Dish Network Beats Expectations; Nortel Blows a FuseÂ
- Nobel Prize-winning economist Paul Krugman said the United States needs to take aggressive economy-stimulating action or risk facing a lost decade of growth a la Japan in the 1990s. “We’re doing half-measures that help the economy limp along without fully recovering, and we’re having measures that help the banks survive without really thriving,†Krugman told reporters in Beijing, Reuters reported. “We’re…
Only One Bank Needs Capital, According to Stress Test
Only one of the 19 financial institutions that received a bank stress test would require additional capital, the controversial government initiative has reportedly concluded.
The identity of the bank that is alleged to have failed the bank stress test was not revealed.
The bank-stress-test findings were reported yesterday (Sunday) by CNBC.com, which said it obtained the information from a source that it did not identify. The source did not identify the company, CNBC.com reported.
“At least one firm – under the [bank] stress test assumptions – will require more capital,” the source said.
The bank-stress-test results were contained in a two-dozen-page report that the government…
27Apr2009 | Money Morning | 0 comments | ContinuedMarket Update: Microsoft (MSFT), United Parcel Service (UPS), General Motors (GM) and Fiat (FIATY)
Existing Home Sales Fell But Prices Rose in March; Fiat Posts Loss But Optimistic For Rest of Year; Receiver Says Stanford Overvalued Assets; UPS Doesn’t Deliver; GM’s Summer Hiatus; Microsoft Crashes;
- Sales of existing U.S. homes in March fell 3% to an annual rate of 4.57 million but stayed near a four-month average, and prices rose from February, a sign the housing recession has stopped getting worse, Bloomberg reported. Figures reported yesterday (Thursday) from the National Association of Realtors showed prices for home resales posted their biggest monthly gain since June 2005, and NAR chief economist Lawrence Yun said that some regions…
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