A Chinese duo tied to Tsinghua Unigroup tried to scoop Fairchild Semiconductor (FCS) from ON Semiconductor (ON) with an unsolicited bid as, separately, rumors brewed that Microchip Technology (MCHP) could make an offer for Atmel (ATML) that would top the bid made by Apple (AAPL) supplier Dialog Semiconductor. Wall Street’s eyes zeroed in Tuesday on the Fairchild M&A. In early trading on the stock market today, Fairchild stock surged as much as
Apple TV was a popular holiday gift this year, according to post-Christmas usage, a good sign for Apple (AAPL) as iPhone sales look set to be flat or even fall in 2016. Apple’s streaming device saw a 44% usage spike from Dec. 20 to Dec. 27, according to AppLovin data . From Christmas Eve to Dec. 26, usage leapt 36%. Apple TV Rivals Include Amazon Fire, Google Chromecast The Apple TV, which competes against Amazon (AMZN) Fire TV, Google (GOOGL)
Apple (AAPL) led a list of information technology and software companies as Drexel Hamilton’s top pick for 2016. Drexel analyst Brian White also listed Hortonworks (HDP), RedHat (RHT), and Tableau (DATA) as among his top stock picks. “Although we expect tech spending to remain relatively muted in 2016, we anticipate key secular technology trends to remain in full force,” White wrote. This includes the ramp of the mobile Internet, the build out of