Author Archives: Scalper1

Netflix completes global rollout in one fell swoop

LAS VEGAS — In one swift move, Netflix (NFLX) all but completed its global rollout on Wednesday, as it turned on its Internet television service in 130 new countries. With the new markets, Netflix is now offered in 190 countries worldwide. The notable exception is China, which the company expects to enter soon. Netflix CEO Reed Hastings delivered the news in a keynote speech at the Consumer Electronics Show in Las Vegas. “Today you are witnessing

Oracle Upgraded To Buy While ‘Sentiment Is Terrible’

It’s not always true that what goes down must come up, so Evercore ISI didn’t use that as a rationale in upgrading software giant Oracle (ORCL) to a buy rating. Analyst Kirk Materne shared more solid reasons for the upgrade, while maintaining a 44 price target on Oracle stock, in a research note Wednesday. “Given the lack of near-term catalysts, we expect our more positive view on the stock to play out over the next few quarters, not the next few

Mobileye Has Eye On Road With GM, Volkswagen Pacts

As part of a growing partnership, General Motors (GM) will integrate advanced mapping technology developed by Mobileye (MBLY) into upcoming auto launches, the companies said Wednesday at the Consumer Electronics Show in Las Vegas. The Mobileye technology aims to greatly improve the precise lane data and driver location for the further development of self-driving cars. Mobileye calls the technology “Road Experience Management,” or REM. Mobileye