In a highly anticipated move, Amazon (AMZN) announced the release of its Fire smartphone on Wednesday. With a platform customized around Google’s (GOOG) Android operating system, Fire is a competitive high-end market offering. However, without features that truly differentiate it from other smartphones, it is doubtful that Fire will initially gain the traction necessary to be competitive in an already crowded smartphone market.
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Elon Musk, The Game Changer
Last Thursday, Tesla Motors (TSLA) CEO Elon Musk announced the electric car company will publish its technology patents. Musk stated that he and the company will not sue anyone who utilizes the patents, so long as they are used “in good faith.” The patents reference, but are not limited to, the technology within Tesla car batteries and the company’s charging station network. Since the announcement, analysts and investors alike are focused on how Tesla’s publication of valuable patents will (negatively) affect its future.
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Arista Networks IPO
Last Friday, June 6, 2014, cloud-networking company, Arista Networks (ANET), made its public debut on the New York Stock Exchange (NYSE). The company’s shares were initially priced at $43. Although Cisco (CSCO), IBM, and Microsoft (MSFT) have dominated the networking market for the past two decades, Arista may finally present a credible challenge to these tech behemoths. Investors showed optimism in Arista’s future, as shares hit $59.72 in the first week of its IPO and now sit at roughly $65.
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Beats By Apple
In case you’ve been living under a rock for the past week, or studying for finals, you should know Apple (AAPL) is currently pursuing a deal to acquire Beats Headphones. Made iconic by celebrity co-founder Dr. Dre, and countless athletes, Beats headphones have become a popular consumer device among young Americans. If the deal were to go through, Apple would spend $3 billion of its cash reserves.
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SanDisk Poised For Growth
Last Thursday, SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, hit a historically high share price of $90.46 per share. The company’s stock is up 25.94% year-to-date and 55.23% over the last 12 months. In addition, SanDisk recently beat analyst earnings expectations for the fourth consecutive quarter, announcing an actual EPS of $1.31 compared to the consensus EPS forecast of $1.17.
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Grey Skies Form Close Ties
Alternative energy is an emerging powerhouse industry within the United States. Although there are many variants of renewable energy, like wind, geothermal, hydroelectric, and oceanic, the leader is clearly solar. Solar power is attractive because it harnesses energy from an abundant, and natural source, the sun. Since the sun isn’t going anywhere for quite some time, solar energy offers promising prospects.
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Tesla Uncoils For A Momentous Ride
Tesla (TSLA) is a revolutionary electric car company based out of Palo Alto, California. The company was founded, and is now overseen, by billionaire entrepreneur Elon Musk. Tesla’s stock has grown by 600% over the past year, but has also been quite volatile. Interestingly, Tesla’s product portfolio contains only a single car: the Model S.
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