This past Monday, Apple (AAPL) held its highly anticipated WWDC Keynote meeting and, while there were no head turning hardware announcements (such as information regarding Apple's upcoming T.V.), Tim Cook and company were nonetheless able to hypnotize the crowd by introducing new software offerings.
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Microsoft To (Likely) Acquire Salesforce
One of the Silicon Valley’s biggest success stories, Salesforce.com (CRM), which provides enterprise cloud computing services for customer relationship management, has put itself up for sale. The company, which began as a small, niche software startup, has quickly evolved into a formidable software-as-a-service (SaaS) company. Today, Salesforce is the leader in the $20B customer relationship management market.
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Google Continues Its Microsoft Beat Down
Surprise, Google (GOOGL) is yet again redefining an established tech industry: this time it’s the PC market. Glassdoor's recently rated "top company" has announced its newest product: the Google Chromebit, which transforms all modern televisions and monitors into Chromebook computers. And the best part about Chromebit is... it's affordable!
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Race To $1 Trillion
A recent report filed by Colin Gillis, an analyst for BGC Partners (BGCP), predicted Google (GOOG) would beat Apple (AAPL) to a $1 trillion market cap valuation. In the past decade, the two tech companies have overtaken all Silicon Valley competition, and solidified their top spots as industry leaders. Currently, Apple has a market cap of roughly $640 billion, while Google maintains a $370 billion valuation.
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Storm On The Horizon
Last month, my colleague, Zac Cherin, covered Tesla Motors CEO Elon Musk’s decision to share Tesla’s technology patents with its competitors. His analysis of the long-term benefits to Tesla — a new market for its batteries, potential allies in lobbying the government, and a chance to share the cost of expanding its supercharger network — over the short-term losses of an exclusive rights to technology was superb.
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