Tag Archives: msft

CEO Bezos Says Amazon Cloud Business Outpacing Its E-Tail Business

After 10 years, Amazon Web Services, the company’s cloud computing division, is a $10 billion business, Amazon.com ( AMZN ) CEO Jeff Bezos wrote in a letter to shareholders Tuesday. Though the $10 billion figure is not new — the firm’s Q4 AWS sales suggested a run-rate of $10 billion — it is the first time that Bezos has offered AWS guidance for 2016. Bezos also said in the shareholder letter, contained in the company’s 8-K filing with the SEC, that AWS is larger than Amazon was at the same stage in its history. “Over time, it’s likely that most companies will choose not to run their own data centers, opting for the cloud instead,” Bezos wrote. Amazon stock was up nearly 2%, near 597, in afternoon trading on the stock market today . The company has an IBD Composite Rating of 77, where 99 is the highest. AWS dwarfs rival Microsoft ( MSFT ), which has been fighting to make gains in the cloud market. Alphabet ( GOOGL )-run Google is a distant third in market share. At its GPU technology conference in San Jose, Calif., this week, chipmaker Nvidia ( NVDA ) announced several new pieces of hardware targeted at cloud computing.

Here’s How Apple Could Up Its TV Game With Skinny Bundle On Hold

Loading the player… Apple ( AAPL ) has put plans for its own “skinny” streaming bundle on hold, but the tech giant could expand its presence in the television space with the acquisition of DVR maker TiVo ( TIVO ), according to an analyst with Albert Fried. Reports surfaced in late March that TiVo was in talks to be acquired by Rovi ( ROVI ), a supplier of interactive program guides. While the analyst says that deal has merits, a TiVo acquisition by a consumer electronics company like Apple, Amazon ( AMZN ) or Microsoft ( MSFT ) is more attractive. That’s because consumer electronics firms “can better market and develop TiVo and TiVo’s ability to sell to roughly 80 million (subscribers) could be better exploited.” TiVo shares jumped 23% on the buyout rumors to retake their downward-sloping 200-day line. The stock is now looking for support around that level, rising nearly 1% on the  stock market today . TiVo is trading 20% below its 52-week high. Apple tried to retake its 200-day line in Monday’s session, but closed the day just below that level. The stock has now fallen back below the 110 price level, edging up 0.4% intraday. Shares are trading about 18% below their all-time high reached at the end of last August. Amazon rose 1.8% intraday, while Microsoft ticked 0.4% higher. Meanwhile, Starz ( STRZA ) announced Tuesday it’s launching its own over-the-top streaming service, joining Netflix, Time Warner ( TWX )-owned HBO, CBS ( CBS ) and others in the pursuit of capturing the cord-cutting audience. The $8.99-a-month Starz service undercuts that of Netflix ( NFLX ), which is raising its price by $2 to $9.99 in May for “grandfathered in” customers. Starz rose fractionally while Netflix dipped 0.5%.