Following news�in April that Google would bring its lightning-fast broadband fiber connectivity service to Austin, Texas, by mid-2014, AT&T (NYSE: T ) today announced plans to bring its own fiber broadband plan to Austin, beginning in December of this year.
The initial roll-out of AT&T's "U-verse with GigaPower" fiber Internet service will offer connectivity speeds up to 300 megabits per second this December, with upgrades to 1 gigabit per second available to Austin residents by mid-2014, according to AT&T's statement. The U-verse service will include TV connectivity alternatives in addition to what AT&T says will be the fastest broadband connectivity alternative in the area.
Commenting on the decision to bring fiber connectivity to Austin, AT&T-Texas President Dave Nichols said in the release, "With our all-fiber U-verse services, we are building the foundation for a new wave of innovation for Austin's consumers, businesses, and civic and educational institutions."
5 Best Diversified Bank Stocks To Watch For 2015: eBay Inc.(EBAY)
eBay Inc. provides online platforms, services, and tools to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform eBay.com; vertical shopping sites, such as StubHub, Fashion, Motors, and Half.com; and classifieds Websites, including Den Bl�Avis, BilBasen, Gumtree, Kijiji, LoQUo, Marktplaats.nl, mobile.de, Alamaula, Rent.com, eBay Anuncios, eBay Kleinanzeigen, and eBay Annunci, as well as provides advertising services. The company?s Payments segment offers payment and settlement services for consumers and merchants on and off eBay Websites and other merchant Websites. This segment operates PayPal, which enables individuals and businesses to send and receive payments online and through mobile devices; Bill Me Later that enables the United States merchants to offer, the United States consumers to obtain, credit at the point of sale for ecommerce and mobile tra nsactions; Zong, which allows users with mobile phones to purchase digital goods and have the transactions charged to their phone bill; and BillSAFE that enables customers pay for purchases upon receipt of an invoice. Its GSI segment offers an ecommerce services suite for enterprise clients that operate in general merchandise categories, including apparel, sporting goods, toys and baby, health and beauty, and home; and marketing services comprising full-service digital agency, enterprise email marketing, mobile advertising, affiliate marketing, advertisement retargeting, and in-depth analytics services. The company also offers X.commerce platform that provides software developers access to the company?s applications programming interfaces to develop functionality for various merchants; and Magento Connect, which allows developers to market and sell add-on functionality and solutions to merchants that use a Magento storefront. eBay Inc. was founded in 1995 and is headquarter ed in San Jose, California.Advisors' Opinion:
- [By Rick Aristotle Munarriz]
Alamy You can never know in advance all the news that will move the market in a given week, but some things you can see coming. From a new tablet from Amazon to Microsoft giving Windows an overdue makeover, here are some of the items that will help shape the week that lies ahead on Wall Street. Monday -- Bank on It: We're just getting started with earnings season, but Monday will be relatively quiet on that front. One of the few companies kicking off the week with fresh financials will be Wintrust (WTFC), a financial holding company with $18 billion in assets. It operates 15 different community bank subsidiaries with 100 different locations. It may not be the same kind of snapshot of the financial industry that we got this past Friday when bigger banks reported, but we can't ignore the importance of community banks in gauging the state of the economic turnaround. Tuesday -- Pop Stars: Coca-Cola (KO) reports on Tuesday, and if that isn't enough we will have PepsiCo (PEP) checking in on Wednesday. Coke and Pepsi have been battling one another for years, but in some ways, they're united against common adversaries these days. Between the growing popularity of making sodas at home, and critics taking them on over the health implications of consuming too many sugary (or artificially sweetened) drinks, it's a whole different kind of cola war these days. Investors looking for growth may want to look elsewhere. Analysts see Pepsi's revenue inching just 2 percent higher when it reports. It's worse for Coca-Cola, with Wall Street targeting a 2 percent decline in sales. Wednesday -- Paypal Day: eBay (EBAY) reports its third quarter results on Wednesday. There was a time when eBay was strictly an online flea market, but these days we're seeing PayPal become a bigger part of the model. Yes, eBay also owns PayPal, the most popular way to settle online transactions outside of plastic. PayPal has started to expand its reach into traditional retailers, making it possible
Top Internet Companies To Buy Right Now: IAC/InterActiveCorp (IACI)
IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company�s Search segment develops, markets, and distributes various downloadable toolbars; provides search, reference, and content services through its destination search and other Websites, including Ask.com and Dictionary.com; and aggregates and integrates local advertising and content for distribution to publishers on Web and mobile platforms, as well as markets and distributes mobile applications through which it provides search and additional services. Its Match segment offers subscription-based and advertiser-supported online personals services through its Websites comprising Match.com, Chemistry.com, OurTime.com, BlackPeopleMeet.com, and OkCupid.com, as well as through mobile applications and Meetic-branded Websites. The company�s ServiceMagic segment offers Market Match service that matches consumers with service professionals; Exact Match service, which enables con sumers to review service professional profiles and select the service professional that meets their specific needs; and 1800Contractor.com, an online directory of service professionals. This segment also offers Website design and hosting services. Its Media and Other segment operates CollegeHumor.com, an online entertainment Website that targets young males; Vimeo, a Website on which users can upload, share, and view video; and Pronto.com, a comparison search engine. This segment also engages in the creation of video content for various distribution platforms; and operates as an Internet retailer of footwear and related apparel and accessories, as well as focuses on multimedia business. The company was formerly known as InterActiveCorp and changed its name to IAC/InterActiveCorp in July 2004. IAC/InterActiveCorp was founded in 1986 and is headquartered in New York, New York.Advisors' Opinion:
- [By WALLSTCHEATSHEET]
IAC/InterActiveCorp provides information and entertainment services through its wide portfolio of websites to consumers and companies across the globe. The stock has been moving higher in recent years and seems to be getting ready to test all-time high prices. Over the last four quarters, earnings have been mixed while revenues have been increasing, which has pleased investors. Relative to its peers and sector, IAC/InterActiveCorp has trailed in year-to-date performance. Look for IAC/InterActiveCorp to catch up and OUTPERFORM.
- [By Eric Volkman]
AP/Jim Mone Is Bitcoin a slam-dunk as the currency of the future? The Sacramento Kings seem to think so. The NBA team recently became the first pro sports franchise to accept Bitcoin as a form of payment. Basketball fans will be able not only to purchase tickets and merchandise online with the digital cryptocurrency, but also to use it to buy souvenirs at the arena come game time. The team is the latest in a growing number of commercial entities finding a slot in their virtual cash registers for Bitcoin. Little by little, momentum is building for a widespread acceptance of the upstart currency. Overstocking The Kings' drive towards the Bitcoin basket comes a week after the big online retailer Overstock.com (OSTK) announced it would start accepting payments in the currency. The move was an instant hit -- the first day the company had the nifty Bitcoin button as an option in its shopping cart, its customers used it to make more than 800 transactions for total sales of around $130,000. Overstock.com was by no means the first online marketplace to accept the currency. Numerous web retailers have been doing so for some time. It's a natural fit, %VIRTUAL-article-sponsoredlinks in a way, since Bitcoin exists solely in the digital realm. Customers booking flights on discount travel operator CheapAir.com, for example, can use Bitcoin to buy their tickets, as can love seekers on dating site OkCupid, owned by IAC/InteractiveCorp (IACI). These digital players are going to have plenty of company. Earlier this month, online games purveyor Zynga (ZNGA) started to dip its toes in the water, announcing that it was testing Bitcoin payments for some of its titles in conjunction with specialist transaction facilitator BitPay. But if Overstock.com didn't get there first, it's still the largest and most prominent e-retailer to take the Bitcoin plunge thus far. This is a big win for the currency and its advocates, and Overstock.com will surely be followed by more well-known comp
- [By Brian Stelter]
I hesitated, but she insisted that I come to the headquarters of Barry Diller's IAC (IACI) for an in-person demonstration of the product, which she called an "online TV platform." Once I was there, I understood. "Surprisingly high-quality signal," I scribbled in my notebook. "Place- and time-shifting!"
- [By Eric Volkman]
Rhyu joins the company from IAC's (NASDAQ: IACI ) Match.com, where he has filled the roles of both CFO and chief administrative officer since 2011. Previous to that, he was a senior vice president at News Corp's (NASDAQ: FOXA ) Dow Jones & Company. He also served as corporate controller for both Sirius XM Radio and GrafTech International (NYSE: GTI ) .
Top Internet Companies To Buy Right Now: Amazon.com Inc.(AMZN)
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca. The company serves consumers through its retail Web sites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on its Web sites, and their own branded Web sites. In addition, the company serves developer customers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually various type of business. Further, it manufactures and sells the Kindle e-reader. Additionally, the company provides fulfillment; miscellaneous marketing and promotional agreements, such as online advertising; and co-branded credit cards. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.Advisors' Opinion:
- [By Charles Sizemore]
Amazon (AMZN) can get away with posting thin margins because it is a growing business and it is a market leader in e-c0mmerce. It also has the faith of its suppliers and of Wall Street behind it. JCPenney has neither of these things, and it has a growing pile of debt.
- [By Evan Niu, CFA]
That's significantly more than the 209 million active customer accounts that Amazon.com (NASDAQ: AMZN ) was boasting at the end of last quarter. Apple has nearly three times as many active accounts than the largest e-commerce company on the planet.
Top Internet Companies To Buy Right Now: Yahoo! Inc.(YHOO)
Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences through various devices worldwide. It offers online properties and services to users; and a range of marketing services to businesses. The company?s communications and communities offerings include Yahoo! Mail, Yahoo! Messenger, Yahoo! Groups, Yahoo! Answers, Flickr, and Connected TV, which provide a range of communication and social services to users and small businesses enabling users to organize into groups and share knowledge, common interests, and photos. Its search products comprise Yahoo! Search and Yahoo! Local, available free to users to navigate the Internet and discover content. The company?s marketplaces offerings and services include Yahoo! Shopping, Yahoo! Travel, Yahoo! Real Estate, Yahoo! Autos, and Yahoo! Small Business, which allow users to research specific topics, products, services, or areas of interest by review ing and exchanging information, obtaining contact details, or considering offers from providers of goods, services, or parties with similar interests. Its media offerings comprise Yahoo! Homepage, Yahoo! News, Yahoo! Sports, Yahoo! Finance, My Yahoo!, Yahoo! Toolbar, Yahoo! Entertainment & Lifestyles, Yahoo! Contributor Network, and Yahoo! Pulse, which are designed to engage users with online content and services on the Web. The company also offers marketing services, such as display and search advertising, listing-based services, and commerce-based transactions to advertisers. In addition, it provides software and platform offerings for third-party developers, advertisers, and publishers, such as Yahoo! Developer Network, Yahoo! Open Strategy, Yahoo! Application Platform, Yahoo! Updates, Yahoo! Query Language, and Yahoo! Search BOSS. The company has strategic alliances with Nokia and ABC News, Inc. Yahoo! Inc. was founded in 1994 and is headquartered in Sunnyvale, Californi a.Advisors' Opinion:
- [By Rex Crum]
Other gains came from IBM Corp. (IBM) , Yahoo Inc. (YHOO) , Intel Corp. (INTC) �and Microsoft Corp. (MSFT) .
Top Internet Companies To Buy Right Now: Symantec Corporation(SYMC)
Symantec Corporation provides security, storage, and systems management solutions internationally. The company?s Consumer segment delivers Internet security, PC tune-up, and online backup solutions and services to individual users and home offices. Its Security and Compliance segment provides solutions for endpoint security and management, compliance, messaging management, data loss prevention, encryption, and authentication services to large, medium, and small-sized businesses, as well as offers solutions through its software-as-a-service (SaaS) security offerings. This segment?s products enable customers to secure, provision, and remotely manage their laptops, PCs, mobile devices, and servers. The company?s Storage and Server Management segment provides storage and server management, backup, archiving, and data protection solutions across heterogeneous storage and server platforms, as well as solutions delivered through its SaaS offerings to large, medium, and small-s ized businesses. Symantec?s Services segment offers implementation services and solutions, including consulting, business critical services, education, and managed security services. The company also provides various enterprise support offerings, such as annual maintenance support contracts, including content, upgrades, and technical support. It sells its products through its eCommerce platform, as well as through distributors, direct marketers, Internet-based resellers, system builders, ISPs, and retail locations worldwide. Symantec markets and sells its products through distributors, retailers, direct marketers, Internet-based resellers, original equipment manufacturers, system builders, and Internet service providers; and its e-commerce channels, as well as direct sales force, value-added and large account resellers, and system integrators. The company was founded in 1982 and is headquartered in Mountain View, California.Advisors' Opinion:
- [By Paul Ausick]
Big Earnings Movers: AT&T Inc. (NYSE: T) is down 1.9% at $34.62 on earnings that were good but not great. Symantec Inc. (NASDAQ: SYMC) is down 12.8% at $21.48 on lagging revenues and a weak outlook. Fusion-io Inc. (NYSE: FIO) is down 24.4% at $9.81 on soft results. Goldcorp Inc. (NYSE: GG) is up 4% at $26.62 after reporting earnings this morning. Xerox Corp. (NYSE: XRX) is down 10.4% at $9.61 on a weak outlook tied to a failing turnaround plan.
- [By Anora Mahmudova]
Symantec Corp. (SYMC) slid 13% after the security-software maker fired Chief Executive Steve Bennett late Thursday and replaced him with board member Michael Brown.
- [By Tim Melvin]
The first "insider" stock to buy is Symantec Corp. (Nasdaq: SYMC), one of the leading internet security providers in the world.
Symantec makes a wide range of products that help individuals and businesses keep their computers and mobile devices safe from viruses and malware. The stock recently dropped sharply after the company fell short of analysts' quarterly earnings expectations, but CEO Stephen Bennett clearly disagrees with the market's opinion of the company's prospects. He got out his checkbook and added 1,000,000 shares of stock for a total cost of more than $2.2 million. He now owns 488,000 shares of Symantec stock and clearly has high expectations for the future of Symantec's stock price.
- [By Michael Flannelly]
Nomura Securities analysts initiated coverage on Symantec Corporation (SYMC) early on Wednesday, giving the stock a “Neutral” rating because its upside is already priced into its current valuation.
The analysts see shares of SYMC reaching $29, which suggests a 14.6% upside to the stock’s Tuesday closing price of $25.30.
Nomura Securities analyst Frederick Grieb commented, “In the early innings of a classic turnaround story, but upside largely priced In. We initiate coverage of Symantec (SYMC) with a Neutral rating and a 12-month target price of $29. Symantec is a leading vender in the security and storage markets, but has struggled to grow market share post its 2005 acquisition of VERITAS. The company has faced competitive pressures in its core markets, with ‘freemium’ antivirus software pressuring the consumer business, while the storage business has been challenged by enterprise migration to Windows and Linux from Solaris and UNIX. Despite these headwinds, we are launching coverage of Symantec with a Neutral rating, as we believe management will be able to improve the business by increasing margins (perhaps to +33%) and longer-term organic growth through a combination of simplifying management structures and a better strategy to incentivize the sales force. However, given the stock�� 33% increase YTD, due in part to multiple expansion (P/E up 18% YTD), we believe much of the upside from this turnaround is already baked in. FY14E EPS starts at $1.2; FY15E EPS starts at $2.18.”
Symantec Corp shares were inactive during pre-market trading on Wednesday. The stock is up 34.43% year-to-date.
Top Internet Companies To Buy Right Now: CYNK Technology Corp (CYNK)
Cynk Technology Corp., formerly Introbuzz, Inc., is a development stage-company. The Company intends to develop a social network business. Social networks are Web based services that allow individuals to post a profile and link their profile to other friends and organizations.
The Company intends to develop a database of professional and other business persons, as well as other interested persons in providing and utilizing contacts. As of November 14, 2012, the Company had not generated any revenue.Advisors' Opinion:
- [By WWW.DAILYFINANCE.COM]
CYNK Technology (CYNK), the mysterious over-the-counter stock that at one point broke a $6 billion market cap, dropped roughly 80 percent in its first trades after a Securities and Exchange Commission halt. The SEC halted CYNK for two weeks following a massive rise in the stock's value -- it had been worth only a few cents per share in June, but it jumped above $21 on July 10. The Belize-based CYNK Technology supposedly operates a social networking site, but filings indicate it only has one employee and virtually no assets. Experts told CNBC the week of the SEC halt that they expected CYNK to fall precipitously after reopening, and its first day of trading is proving those predictions correct. When it was halted, the stock was worth just less than $14 per share, and is now below $3 a share after briefly hovering around $5 earlier Friday morning. An OTC Markets spokeswoman told Reuters that CYNK's shares were not trading on its platform, but were occurring over the phone. Earlier this week Reuters reported that OTC's CEO did not expect CYNK to trade on its platform at all after reopening, as no brokerages would file the required paperwork for the stock to trade on their exchanges. An SEC spokesman said that the organization cannot comment on the status of a company after a suspension period ends, citing an online explanation of the process. That document notes that broker-dealers may not solicit investors to trade the previously suspended OTC stock until they satisfy several regulatory requirements. The SEC warned, however, that "unsolicited" trading may occur after a reopening -- as CYNK is now seeing -- but "even though such trading is allowed, it can be very risky for investors without current and reliable information about the company."