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- The Accelerator Conundrum
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Technology Stocks
Facebook’s Series A Crunch Acqui-Hiring Party
According to eMarketer, U.S. display advertising grew 22% last year to $14.98 billion. Google remains the leader in display advertising with 15% of market share. But Facebook is gradually catching up. The social networking site saw display advertising market share grow from 14.1% in 2011 to 14.4% last year.
Market Likes Marissa Mayer’s Yahoo
Yahoo’s new CEO, Marissa Mayer, seems to be doing well at the helm of the troubled company. For the second quarter since her appointment, Yahoo has delivered strong results. Yahoo recorded its first revenue growth in the past four years. It looks like Yahoo may finally be on course to a positive turnaround.
Can Lumia Help Nokia Remain Relevant?
Nokia’s (NYSE:NOK) woes continued during the last quarter. According to an IDC report, in the December quarter sales of smartphones reached 219 million worldwide, compared with 161 million a year ago and 180 million a quarter ago. But Nokia is not enjoying this increase: researchers estimate that for the year 2012, Samsung’s smartphone market share grew from 20% to 30%, with shipments of more than 213 million units. Apple’s share remained constant at 19% of the market, but Nokia’s share dropped sharply from 15% to 5% during the year.
Netflix’s Stellar Quarter
Till a year ago, Netflix (NASDAQ:NFLX) seemed to be going downhill. A hasty decision by the management to increase prices and split streaming and DVD rental services was not well received by either subscribers or the stock market. Netflix subsequently recalled its decision to raise prices. The decreasing pace of new subscriber additions, rising content costs, and continuing losses incurred on account of expansion in new markets did not bode well for the stock. But within a year, the story seems to have taken a positive turn. In fact, after the announcement of the company’s quarterly results earlier last week, the stock jumped 42% within a day.
Microsoft’s Products Disappoint
According to the recent Gartner report, worldwide PC shipments fell 5% over the year to 90.3 million units during the final quarter of 2012. The decline in PC sales was attributed to the growing adoption and availability of low-cost tablets that replaced the PCs. Analysts were expecting Windows 8 to impact PC shipments during the final quarter of 2012, but the new software has failed to live up to expectations.
Online Ad Spend Crosses $100 Billion
Online advertising crossed a milestone last year when worldwide digital ad spend crossed the $100 billion mark. According to eMarketer, online advertising grew 18% over the year to $102.83 billion. Online ad spending is projected to grow 15% this year to $118.40 million. eMarketer expects online advertising to be a $163 billion industry by 2016.
SevOne’s IPO Plans
According to a Gartner report released last year, total software revenues from worldwide IT operations management (ITOM) grew 8.7% in 2011 to $18.3 billion. The market is dominated by five vendors – IBM, CA Technologies, BMC Software, Microsoft, and HP – which together account for 53.5% of the market share. Other smaller players are coming onto the field.
Envivio Struggles Following IPO
Video infrastructure services provider Envivio (Nasdaq:ENVI) has had a troubled run since its IPO in April 2012. The company had filed papers proposing the sale of shares at $9 each. Soon after listing, Envivio downgraded its financial outlook to revenues of $10 million-$11 million compared with earlier issued guidance of $17 million-$18 million.