Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on BlackBerry Ltd(NASDAQ:BBRY), Aruba Networks, Inc.(NASDAQ:ARUN), Google Inc(NASDAQ:GOOG).
The WSJ reports BlackBerry Ltd(NASDAQ:BBRY) is "preparing to make deep staff cuts by the end of the year via layoffs that could cost up to 40% of its employees their jobs." The paper adds the job cuts "will cut across all departments and will occur in waves, likely affecting several thousand employees."BlackBerry has already been trimming headcount as it evaluates M&A options and contends with weaker-than-expected BB10 hardware sales. However, there hadn't been any indications to this point of layoffs on the scale suggested by the WSJ.
Director/former Sony Ericsson chief Bert Nordberg recently asserted BlackBerry can survive as a "niche company."BlackBerry had 12.7K employees as of March, and over 17K two years ago. FQ2 results arrive on Sep. 27.Separately, BlackBerry has announced a BBM Android app will launch on Saturday, and a BBM iPhone app on Sunday.
Should Investors Buy BBRY After Yesterday’s Jump? Find Out Here
Piper's Troy Jensen has started coverage on Aruba Networks, Inc.(NASDAQ:ARUN) with an Overweight and $26 PT. The target is equal to 22x Piper's calendar 2015 op. income forecast (exc. cash).Jensen observes Gartner expects the Wi-Fi hardware market to post a 15.6% CAGR through 2017.
He also argues Aruba's "broad portfolio of both controller and controller-less [Wi-Fi] technology, coupled with leading software solutions, will translate to further share gains in 2014."Jensen also thinks Aruba is "entering a period of easy comps and expanding margins."IDC estimates Aruba's enterprise Wi-Fi sales rose 13.6% Y/Y in Q2, slightly below market growth of 14.8% and good for an 11% share.
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Google Inc(NASDAQ:GOOG) is launching Calico, a company that will "focus on health and well-being, in particular the challenge of aging and associated disease." Apple/Genentech chairman Arthur Levinson will be Calico's CEO, as well as an initial investor.
Google is short on details, but full of lofty ambitions. Larry Page: "I believe we can improve millions of lives. It’s impossible to imagine anyone better than Art—one of the leading scientists, entrepreneurs and CEOs of our generation—to take this new venture forward." Tim Cook also provides some kind words about Levinson.
Calico is the latest in a line of "moonshot" projects to be backed by Page. Others: Glass, Loon, self-driving cars, space elevatorsMeanwhile, in a more prosaic initiative, YouTube is giving mobile users the ability to save video clips for offline viewing for 48 hours. The videos will still feature ads, and uploaders will be allowed to opt out.The move could bolster YouTube's already-dominant share of mobile video viewing. Mobile now accounts for over 1/4 of YouTube's total views, and over 40% of its U.S. views.Also: Digitimes reports Google's Nexus 5 smartphone will arrive in October and feature a mid-range price in spite of having high-end specs.
Is GOOG A Good Buy After The Recent Price Movement? Find Out Here
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