Author Archives: Scalper1

Fitbit CEO says retailers, consumers excited for Blaze watch

LAS VEGAS — As Fitbit (FIT) stock fell hard for a third straight day, the company’s chief executive remained upbeat that the maker of wearable fitness devices is on the right track. In an interview with IBD on Thursday, Fitbit co-founder and CEO James Park defended the company’s “smart fitness watch,” the Fitbit Blaze, announced Tuesday at the CES trade show. Some analysts speculated that the device could fare poorly against the full-featured

Drones At CES: Beyond Just Bird’s-Eye-View Footage

GoPro (GPRO) has only teased the existence of its upcoming Karma quadcopter, but the category has significantly expanded at the Consumer Electronics Show (CES) this year. And the drones’ capabilities now go far beyond simply gathering bird’s-eye-view footage. ByRobot’s Petrone drones, mini “robots,” can battle with each other using infrared transmitters and an app that turns a smartphone into a remote control. The five-year-old Korea-based company

ON Semiconductor Won’t Battle China For Fairchild

ON Semiconductor (ON) won’t enmesh itself in a bidding war for Fairchild Semiconductor (FCS) against Chinese interests tangentially tied to Tsinghua Unigroup, a Wedbush analyst said Thursday. Fairchild’s board is currently examining bids by ON and the Chinese interests, said Wedbush analyst Betsy Van Hees, who spoke with ON executives at the Consumer Electronics Show in Las Vegas. “ON believes its bid remains superior despite the 9% premium, and