Intel is just one company attempting - and failing - to change the TV industry, underscoring the difficulties involved with convincing the major players to move out of their comfortable and lucrative business models. Now, with 2013 in its final weeks, Intel's goal for OnCue has morphed into securing the best payday it can from somebody who will take the venture off its hands.Įrik Huggers, head of Intel Media, speaks at the AllThingsD media conference. After all, he had a small army of 300 at work and more than 2,000 Intel employees testing OnCue, a new box and service that would allow users to watch live TV, on-demand video, and other Internet-based offerings like video apps in one package. In fact, Erik Huggers, the head of Intel Media, said in February that this would be the year Intel shakes things up. Shares in the Mountain View tech titan rose 1.14 percent, or $13.17, to $1,163.70.Intel was set to revolutionize television. Pacific Crest analyst Evan Wilson raised Google’s price target from $1,135 to $1,450 a share on expectations of significant growth in 2014. Google closed at another all-time high, and at least one analyst believes it won’t come back down anytime soon. however, at this price level some of the exogenous risks come into focus including rising interest rates, competition and growing opposition to distributed solar from utilities.” San Mateo-based solar panel installer SolarCity eked out a 0.04 percent rise, or 3 cents, to $75.14, despite also receiving a downgrade from JPMorgan, from “neutral” to “overweight.” Analyst Paul Coster wrote that the company’s risks offset its potential: “We believe that fundamentals remain constructive. “We still consider FireEye to be the most disruptive name in security and it should continue to show significant upside to current estimates, but at these price levels we believe the valuation is factoring in the majority of that opportunity,” Auty wrote in a note. Milpitas network security company FireEye fell 5.61 percent, or $4.13, to $69.44, after JPMorgan analyst Sterling Auty downgraded its stock from “neutral” to “overweight.” While Auty said FireEye shares were rising too high too quickly, he expressed confidence in the company’s long-term plans, and raised the company’s price target from $64 to $75. ![]() An appeals court Tuesday granted Apple’s request to block the monitor while it readies an appeal. Apple says the monitor is too intrusive, too expensive, and claims his activities could hinder the company’s ability to develop new products. ![]() The monitor was ordered last summer, after the Cupertino tech giant was found liable for conspiring to raise e-book prices. (Pacific), in late trading.Īpple gained 1.55 percent, or $8.40, to $549.07, after receiving a reprieve from oversight by its court-appointed antitrust monitor. After closing the day down just 0.24 percent, to $4.17, shares sank more than 9 percent, as of 3 p.m. However, AMD CEO Rory Read warned of $1.34 billion in revenue in the upcoming quarter, a 13 percent drop-off. Analysts had forecast gains of $1.54 billion, or 5 cents a share. ![]() For the fourth quarter, AMD reported revenue gains of 38 percent year-over-year, to $1.59 billion, or 6 cents a share. Shares in Sunnyvale chip maker Advanced Micro Devices plunged after hours, following an earnings report that beat expectations but projected future declines. The tech-heavy indexs made the biggest gains, with the Nasdaq up 0.67 percent and the Silicon Valley 150 up almost 1 percent. Stocks had a mixed day on Wall Street, as afternoon gains mostly made up for morning losses. Apple ( AAPL) has offered its Apple TV set-top dongle for many years, with rumors of a full TV set or more involved offering around almost as long, and Google has moved from its smart-TV effort to Chromecast, which allows users to beam streaming services directly to a television. Several Silicon Valley companies have sought to disrupt the traditional cable industry in the ways content is delivered to consumers, with TiVo’s digital-video-recorder technology eventually being accepted by the industry and Netflix’s ( NFLX) streaming service still considered a rival. ![]() “The OnCue platform and team will help Verizon bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it,” Verizon CEO Lowell McAdam said in the news release. Intel built up the team behind Huggers to roughly 350 employees, and those workers will be offered employment with Verizon to stay in Santa Clara under the management of the current team, the companies said in Tuesday’s news release.
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