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  • Oracle Slips: As Ellison Transitioins, Street Weighs Cloud Risk, Opportunity

    19 September 2014, 5:16 pm by: Tiernan Ray

    Shares of Oracle (ORCL) today closed down $1.75, or 4.2%, at $39.80, after the company yesterday afternoon announced founder Larry Ellison would pass the baton to his two highest deputies, Safra Catz and Mark Hurd, and would assume the title of…
  • Alibaba Closes Up 38% at $93.89, Volume Falls Off

    19 September 2014, 4:13 pm by: Tiernan Ray

    Alibaba Group Holdings (BABA), after opening at $92.70, up 36% from its offer price of $68, slipped in afternoon trading then steadily worked its way back up to close at $93.89, up 38%. The stock hit a high of $99.70 early in the session. Volume dried up…
  • Apple Lines Long, Analysts Triangulate First-Weekend Sales

    19 September 2014, 3:05 pm by: Tiernan Ray

    iPhone buyers in Hong Kong queued up outside electronics chain Fortress to get their hands on the new models. Photo by Shuli Ren of Barron’s. Apple (AAPL) stock has reversed earlier losses, currently up 9 cents at $101.88, as reportedly thousands of people…
  • Alibaba Slips Below Opening Price to $90

    19 September 2014, 1:22 pm by: Tiernan Ray

    Shares of Alibaba Group Holding (BABA) have slipped from their opening price of $92.70, which was a gain of 40% from last night’s offer price of $68, to a recent $90. The stock had risen as high as $99.70 earlier. Volume, moreover, as you can see from the…
  • Apple: Flagship Store Line Still Long, Some Carriers Stock Out of 6 Plus

    19 September 2014, 1:17 pm by: Tiernan Ray

    In a brief check of carrier stores in Manhattan — AT&T (T), Verizon (VZ), Sprint (S), and T-Mobile US (TMUS) — I found most are sold out of Apple‘s (AAPL) iPhone 6 Plus, the larger of two new models, with stock outs on some varieties of the smaller…
  • Alibaba Opens at $92.70, Climbs to $99.70, Backs Off to $92.20

    19 September 2014, 11:18 am by: Tiernan Ray

    Alibaba Group Holding (BABA) shares have opened at $92.70, up almost 40% from the price last night of $68. The stock continues to climb, up $27.08 at $ 95.08. Update: At 11:59 am, the price has quickly risen to $ 99.35, up $31.35, or 46%. Update 2: At 12:11,…
  • Yahoo!: Upside to $58 on BABA Stake, Says Cantor; Easy Money Had, Says Piper

    19 September 2014, 10:33 am by: Tiernan Ray

    Shares of Yahoo! (YHOO) are up 56 cents, or 1.3%, at $42.64, in advance of the IPO this morning of Alibaba Group Holding (BABA). Indications are that the stock will open up quite a bit from the offer price of $68, at perhaps $84 to $87, raising the value of…
  • Alibaba Initial Indications Point to $92 to $93 Open, Over $25B; 30M Share Initial Volume

    19 September 2014, 10:10 am by: Tiernan Ray

    CNBC’s Bob Pisani just reported from the floor of the New York Stock Exchange that the order book for Alibaba Group Holding’s (BABA) IPO is indicated to possibly open in a range of $80 to $83, well above the $68 price set last night. The market makers at…
  • Alibaba’s Ma Tells CNBC ‘Everyone Should Have a Dream’

    19 September 2014, 10:02 am by: Tiernan Ray

    As Alibaba Group Holding (BABA) waits to open its first day of trading on the New York Stock Exchange, founder Jack Ma sat down with CNBC’s Jim Cramer and David Faber and Carl Quintanilla. He showed them a commemorative t-shirt the company made for the…
  • Alibaba Group: NYSE in No Rush to Open

    19 September 2014, 9:23 am by: Tiernan Ray

    Chinese e-commerce giant Alibaba Group Holdings (BABA) is set to open for trading … sometime today.  After pricing at $68 last night, the high end of a range of $66 to $68, the New York Stock Exchange this morning has made clear it is not going to rush to…
  • Avago, NXP, Qualcomm, InvenSense Among Apple Winners in iPhone 6

    19 September 2014, 9:08 am by: Tiernan Ray

    Apple (AAPL) suppliers are getting a bid in early trading, as the folks over at iFixit, with the help of Chipworks, have conducted their usual superb tear-down of the iPhone 6, and a separate one for the iPhone 6 Plus.  There are a number of unsurprising…
  • Apple: ‘They Brought Sexy Back,’ Says Keeper of 11-Day iPhone Vigil

    19 September 2014, 6:44 am by: Tiernan Ray

    The first real chill of fall was in the air Thursday night in New York, as the most dedicated iPhone 6 fans huddled outside the Apple (AAPL) flagship store on 59th street and Fith Avenue. The temperature was indicated at 64 but a strong breeze made it feel…
  • Tech Today: BABA for $68, Larry Transitions, Amazon Re-Kindles, HIMX Rising

    18 September 2014, 5:59 pm by: Tiernan Ray

    Here are some things going on today in your world of tech: Chinese e-commerce giant Alibaba Group Holding priced its IPO, set to get under way tomorrow morning, at $68, the high end of an announced range of $66 to $68, which was raised on Monday from the…
  • Concur Halted, Surges 20%: SAP Agrees to Buy for $129/Sh, $8.3B Value

    18 September 2014, 5:29 pm by: Tiernan Ray

    Shares of Concur Technologies (CNQR), makers of cloud computing-based expense accounting software for enterprises, were halted just before the announcement by software giant SAP AG (SAP) that it will purchase the company for $129 per share, a 20% premium…
  • Alibaba Prices IPO at $68, High End of Range; Yahoo! Rises

    18 September 2014, 5:23 pm by: Tiernan Ray

    CNBC just reported Alibaba Group Holding has priced its initial public offering, set to commence tomorrow morning, at $68, the high end of a revised range of $66 to $68 offered on Monday, bringing the total for its 320 million-share offering to $21.77…
  • Texas Instruments Slips After Raising Dividend 13%

    18 September 2014, 4:45 pm by: Tiernan Ray

    Chip giant Texas Instruments‘s (TXN) shares are down 14 cents, or 0.3%, at $48.84, in late trading, after the company this afternoon said its board of directors authored an increase of its quarterly dividend of 13%, to 34 cents per share from 30 cents. The…
  • Tibco Off 4%: FYQ3 Rev, EPS Miss, Q4 View Misses

    18 September 2014, 4:13 pm by: Tiernan Ray

    Enterprise software vendor Tibco (TIBX) this afternoon reported fiscal Q3 revenue and profit per share that missed analysts’ expectations, and forecast this quarter’s results lower as well. Revenue in the three months ended in August rose to $259.6…
  • Red Hat Slips: FYQ2 Beats, Q3 Rev View Light; Raises Year View

    18 September 2014, 4:09 pm by: Tiernan Ray

    Linux and open-source software distributor Red Hat (RHT) this afternoon reported fiscal Q2 revenue and profit per share that topped expectations. Revenue in the three months ended in August rose 19%, year over year, to $446 million, yielding EPS of 41 cents.…
  • Oracle’s Ellison Becomes CTO, Chair, After FYQ1 Miss; Catz, Hurd Now CEOs

    18 September 2014, 4:04 pm by: Tiernan Ray

    Oracle founder Larry Ellison gave up his CEO title become CTO and chairman. Database giant Oracle (ORCL) this afternoon reported fiscal Q1 revenue and profit per share that missed analysts’ expectations, and named co-COOs Safra Catz and Mark Hurd…
  • Google’s YouTube Scooping up the Ad World at High Margins, Says Nomura

    18 September 2014, 12:59 pm by: Tiernan Ray

    Google (GOOGL) analyst Anthony DiClemente with Nomura Equity Research today offers up his model for what revenue may be at the company’s YouTube property, which is benefiting from share shift in advertising to online, and has “the healthiest margins in…

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