Welcome!

Open Source Cloud Authors: Pat Romanski, Elizabeth White, Liz McMillan, Rostyslav Demush, Charles Araujo

News Feed Item

The Zacks Analyst Blog Highlights:Hewlett-Packard, Apple, Google, eBay and Microsoft

CHICAGO, Feb. 27, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Hewlett-Packard Co. (NYSE:HPQ), Apple Inc. (Nasdaq:AAPL), Google Inc. (Nasdaq:GOOG), eBay Inc. (Nasdaq:EBAY) and Microsoft Corp. (Nasdaq:MSFT).

(Logo:  http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday's Analyst Blog:

H-P Sells webOS, Chooses Android

Hewlett-Packard Co. (NYSE:HPQ) finally put an end to its incessant efforts to breathe life into the webOS mobile operating system platform. The OS was inherited from Palm Inc., which it acquired in 2010 for $1.2 billion. Failing to do much to promote the platform, the tech giant has now decided to sell it to South Korean company LG Electronics Inc. for an undisclosed amount.

The multinational electronic company, which deals in mobile communications, home entertainment and appliances, air conditioning and energy solutions, plans to use the webOS technology to introduce a connected television (Smart TV) initially and eventually integrate it in its other home appliances.

Per the deal terms, H-P will offload the source code, documents and websites associated with webOS, as well as the experienced staff. Apart from this, H-P will transfer to LG other webOS products (including patent rights acquired from Palm and user interface technologies).

H-P left no stone unturned to make the webOS platform a success. In a Strategy Summit held in San Francisco in early 2011, H-P's then chief executive officer (CEO) Leo Apotheker announced the company's intention to develop the webOS platform into a leading connectivity platform. The tech chief also announced plans to launch the TouchPad tablet and new smartphones on webOS.

But the TouchPad tablet and smartphone failed to carve a niche in a market dominated by Apple Inc.'s (Nasdaq:AAPL) iPad and iPhone, as well as Google Inc.'s (Nasdaq:GOOG) Android-based devices. The devices did not reach internal milestones or achieve financial targets.

Actually, the webOS platform itself lagged far behind Apple's iOS and Google's Android operating system platforms. Hence, the CEO had no option than to reconsider the continuation of its webOS-based devices.

Hence, in a major restructuring plan announced in Aug 2011, H-P decided to abandon the underperforming webOS devices. However, the tech behemoth stated that it would continue to explore options to optimize the value of the webOS software going forward.

But in Dec 2011, H-P's present chief, Meg Whitman, previously eBay Inc.'s (Nasdaq:EBAY) chief, announced plans to make its webOS mobile system available as open-source software that anyone can freely use and modify. Previously, the company recorded a pre-tax charge of $1.6 billion to account for the non-profitable business.

H-P appears optimistic about its new tablet (Slate 7), which will run on the Android OS. A higher-end version based on Microsoft Corp.'s (Nasdaq:MSFT) Win 8 operating system is already available. The Android tablet will hit stores in April with a probable price tag of $169.

While H-P's late entry into the tablet market makes things a little difficult for the company, we can't help thinking that it is 'better late than never. We therefore take the announcement positively.

Currently, H-P has a Zacks Rank #2 (Buy).

 Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com 

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
DXWorldEXPO LLC announced today that Ed Featherston has been named the "Tech Chair" of "FinTechEXPO - New York Blockchain Event" of CloudEXPO's 10-Year Anniversary Event which will take place on November 12-13, 2018 in New York City. CloudEXPO | DXWorldEXPO New York will present keynotes, general sessions, and more than 20 blockchain sessions by leading FinTech experts.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Bi...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...