Oppenheimer
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Oppenheimer ruled 2024 Oscars as Apple TV+ and Netflix were nearly shut out
Despite combining for 32 nominations, Netflix and Apple TV+ were nearly shut out of of the 2024 Oscars, with Netflix winning a single award.
'Oppenheimer' review: Sympathy for the destroyer of worlds
Nolan's latest film is fascinating, yet disjointed.
'Oppenheimer' trailer shows Chris Nolan's take on the birth of the atomic bomb
The trailer for Christopher Nolan's 'Oppenheimer' explores the ethical issues behind the first atomic bomb.
Motorola CEO Sanjay Jha talks Ice Cream Sandwich, future tablets in Oppenheimer keynote
You live, you learn -- or so Alanis and Sanjay Jha would have us believe. The Motorola CEO delivered a keynote speech early Tuesday morning at the Oppenheimer Annual Technology and Communications Conference, touching upon the company's recent past and the lessons its learned going forward. Referencing the Xoom launch, Jha told attendees to expect tablets in the second half of the year with "much more aggressive form factors" and unique enterprise features, adding that the company would be placing a renewed focus on cheaper, WiFi only tablets. The OEM also intends to streamline its global branding, creating marketing efficiencies for worldwide launches and saving the company a buck, or two in the process. Unfortunately, the Moto chief didn't spill the release beans for the much hyped Bionic, but did take a gentle swipe at the upcoming beast phone, calling it an "important product, but not the only product." Could this herald an oncoming wave of Ice Cream Sandwich devices? We're not sure, as Jha waffled when asked whether the company would, yet again, commit to Android's next untested evolution.
AAPL falls $6.27 during rough trading day
AAPL fell 6.57 percent today after the Macworld announcements yesterday and a general retreat among tech-sector stocks. The company's stock closed at $89.16 per share, and over 42 million shares changed hands. A lot of the selling was done last night in after-hours trading, with the stock opening the day's trading this morning around $91 a share. In related news today, Oppenheimer Funds cut its rating on Apple stock from "outperform" to "perform," based largely on the fact that Jobs will not present the keynote speech at Macworld Expo next month. Oppenheimer analyst Yair Reiner wrote a note to clients, saying "we don't know why Steve Jobs has pulled out of his annual address at Macworld [...] Whatever the reason, the unexpected announcement has underscored the greatest risk to Apple's long-term success -- its dependence on Jobs' health and its apparent lack of a succession plan." AAPL has remained off its 52-week low of $79.14, which it recorded on November 21.
Oh, to have Apple's cash problems
Not unlike this guy, Apple is going to need avalanche insurance for the mountain of cash that it's sitting on. According to BusinessWeek, Apple has amassed $20.8 billion in cash and short-term investments, adding nearly $1 billion each and every quarter. It's not necessarily odd for a company to have a lot of cash (Microsoft, for example, has $23 billion socked away), but it's beginning to irk the investors. If Apple's stock price continues to rise, everyone's happy. But if it starts to dip, experts say Apple should consider investments like acquisitions (possibly in the music business) or raw materials and components. Matt Asay of Cnet is suggesting something probably unpopular with the Cupertino crowd: tax it. Since Apple's profit margins (as a percentage of sales) are higher than Exxon's, Apple might fall prey to Congress' plan to tax windfall profits, if it becomes law. Apple CFO Peter Oppenheimer said earlier this year that "Our preference is to maintain a strong balance sheet in order to preserve our flexibility." Charles Wolf of Needham & Co. says the company doesn't need more than $5 billion on hand, but he'd be more worried "if this was a sleepy company with no growth." "That's not Apple," Wolf said.
