|This week has seen some huGe announcements from the tech industry. After getting pummeled in the recent "recession scare", some companies are looking like good takeover targets & some are just afraid. Here are the big tech stories this week in no particular order:|
1) Amazon purchased Audible for $300 Million. Audible is the leading audio book company. This could cause some serious conflict of interest considering they are the main provider of audio books to iTunes.
2) Garmin is breaking into the cell phone market with the nuvifone. A GPS company could seriously stir things up in the cell phone industry. Is the first victim moto?
3) Motorola decided to spin off its cellphone unit. I guess they don't feel like they can hand with the new breed of phone manufacturers (AAPL & GRMN)
4) Tivo won a super important patent case against Echostar. Ever since generic DVR's came to market, there has been a misconception that Tivo's patents were not strong. Well as of yesterday, if a company wants their DVR to let you watch one show while recording the other, you have to license that tech from tivo. Now that Tivo's patents have proven themselves, it makes them a big takeover target.
5) Google missed it's analyst estimates for the first time ever yesterday. Sure profits were up 17% and revenue growth of an amazingly googlishious 51%, but that wasn't enough. GOOG is down almost $200 a share in the last 2 months. But the biggest tech news the night of GOOG's earnings weren't from GOOG.
6) Microsoft made a public offer to buy Yahoo! for $44.6 billion the night of GOOG's earnings report. Coincidence? I think not. MSFT is out to get GOOG and it looks like the timing is right.