For Immediate Release
Chicago, IL – May 30, 2013 – 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 Apple (AAPL), Yahoo! Inc. (YHOO), Facebook (FB), Google (GOOG) and Microsoft (MSFT).
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 Wednesday’s Analyst Blog:
ITC to Review Apple Case
Apple’s (AAPL) favorable preliminary ruling against Samsung at the International Trade Commission (“ITC”) is under review, reported Bloomberg.
In October, Judge Thomas Pender ruled that Samsung had infringed upon three out of the four patents that were brought forward by Apple. Apple had sought a ban on some of the Samsung products, such as the Nexus range of Smartphones and Galaxy tablets alleging that Samsung had infringed upon four patents held by them.
The ITC has now asked for additional reports related to the patents. The ITC has in its capacity to ban Samsung’s products in the U.S. if Apple’s claims are substantiated. The final ruling by ITC is scheduled for Aug 1.
The patent infringement case dates back to 2011 when Apple had alleged that Samsung had copied certain features such as interpreting user gestures, including selecting, scrolling, pinching and zooming. Apple also alleged that Samsung copied the designs of its devices, including the flat face of the iPhone and iPad.
Samsung countersued by alleging that Apple had violated a patent related to data transfer technology. This case will be decided on May 31.
Over the last couple of years, Apple has hardened its stance in protecting its intellectual property from misuse and violations. The company has been aggressive in filing lawsuits against handset makers, such as Samsung and HTC, and has accused these manufacturers of blatantly copying its iPhone and iPad designs. So far, these lawsuits have yielded mixed results for Apple.
Despite its efforts to curb competition, Apple’s market share in the smartphone market has dwindled from 23.0% in the first quarter of 2012 to 17.3% in the first quarter of 2013, according to IDC. During the same period, Samsung’s market share rose from 28.8% to 32.7%.
Yahoo Acquires PlayerScale
Yahoo! Inc. (YHOO) recently announced its acquisition of gaming infrastructure start-up PlayerScale for an undisclosed amount.
Belmont, Calif.-based PlayerScale was founded in 2009. It develops infrastructure software for various gaming platforms across the social and mobile space. PlayerScale has 100 million users with 4000 titles from over 2,600 developers worldwide.
Yahoo! is marching ahead with its plan to acquire struggling start-up companies. Some of its recent acquisitions include Astrid, a task-management app maker;Summly, a news-condenser app maker; Stamped, a mobile-review app maker; OnTheAir, which specializes in broadcasting video chats or interviews to online audiences; Snip.it, which is a kind of clipping service for the web; Propeld, a location-based apps maker; Jybe, a social recommendation site and Loki Studios, a mobile gaming start-up.
The acquisitions are part of a strategy to broaden and strengthen Yahoo!’s expertise in the mobile segment as adoption of mobile devices such as smartphones and tablets continue to accelerate.
With these acquisitions, Yahoo is picking up a whole lot of engineering talent as well as key technologies and products at a cheaper rate. These acquisitions can help Yahoo! enter the social marketing segment, where its rivals have already established themselves.
The acquisition of these start-ups is a part of Yahoo’s strategy to strengthen its mobile offerings as it has lost its leadership position in display advertising to Facebook (FB) and Google (GOOG). With search advertising revenues also declining not only because of Google but also Microsoft (MSFT), Yahoo needs to focus on other major growth markets and emerging geographies.
In the first quarter of fiscal 2013, Yahoo generated revenues of $1.14 billion, which were down 15.3% sequentially and 6.6% year over year. Traffic acquisition cost (TAC) was down 42.3% sequentially and 49.9% year over year. Excluding these costs in all periods, net revenue was down 12.5% on a sequential basis and 0.8% from last year, short of the consensus estimate.
Yahoo 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
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.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com