Tag Archives: aapl

No Safe Harbor: EU Privacy Ruling Hits Apple, Google

A major European court victory for privacy advocates raises doubts about how U.S. tech giants Apple (AAPL), Alphabet (GOOGL)-owned Google and Facebook (FB) will be able to transfer and monetize data from millions of European users. The European Court of Justice ruled Tuesday that national regulators in the European Union can override the 15-year-old Safe Harbor agreement used by about 4,500 companies, saying that it violates the privacy rights of

Apple December quarter guidance likely to disappoint

Apple (AAPL) stock appears to have limited downside risk after taking a slide this summer, but the company’s December quarter guidance could disappoint investors, Pacific Crest Securities analyst Andy Hargreaves said in a report Monday. Apple’s September quarter results are likely to be in line with consensus expectations, but the December quarter targets appear too optimistic, Hargreaves said. Apple will report financial results for its fiscal

PMC Jumps As Apple Supplier Skyworks Preps $2 Bil Buy

PMC-Sierra (PMCS) stock surged Tuesday on Wall Street after Apple (AAPL) chip supplier Skyworks Solutions (SWKS) announced its $2 billion acquisition of the Sunnyvale, Calif.-based chipmaker. But PMC-Sierra’s gain was Skyworks’ loss. Skyworks stock dipped nearly 7% in afternoon trading Tuesday as PMC stock rocketed more than 33% in heavy trading. The gain lifted PMC stock to its highest level in six years. Skyworks will pay $10.50 per share for