TheStreet Search RSS Feed: Scott Moritz

4 Outsiders That Could Lead HP Rescue

Thu, 22 Sep 2011 13:21:04 EDT

NEW YORK, (TheStreet) -- HP's deeply dysfunctional board appears to be running the company off the rails. The presumed ouster of CEO Leo Apotheker and the apparent appointment of former EBay chief Meg Whitman is just the latest chapter in this saga.

The potential exit of Apotheker, after a one-year run of financial disappointments capped off by a stunning breakup plan, has led analysts and investors to create a list of dream candidates to take over the top HP job.

Should the Whitman gambit not work out, a few names of outside talent have popped up as the sort of steady hands that could take the wheel and avert disaster. ...

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HP Surges on News of Possible CEO Ouster

Wed, 21 Sep 2011 12:34:07 EDT

NEW YORK (TheStreet) -- Wall Street isn't the only place where HP chief Leo Apotheker is unwelcome.

After nearly a year on the job that was marked by a 40% stock slide, months of inaction, sales shortfalls and finally a stunning call for the breakup of the company, HP's board of directors is considering showing Apotheker the door, according to Bloomberg. ...

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5 Items You Won't See at Apple's Show

Wed, 21 Sep 2011 10:31:49 EDT

NEW YORK, (TheStreet) -- As Apple prepares for its Oct. 4 iPhone introduction, you can feel the thrill starting to build around all the other possible treats that might be on the docket.

But here's a little dose of smelling salts to help keep you rational as the countdown to the Apple show begins.

Apple CEO Tim Cook ...

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14 Androids Outmuscling Apple's iPhone

Wed, 21 Sep 2011 09:25:33 EDT

Android outmuscling Apple's iPhone story updated with two new phones

NEW YORK (TheStreet) - Without a new Apple iPhone yet this year, Google has enjoyed a strong run with its Android phones.

Not only is the new iPhone late, it will arrive this fall (presumably), a little light under the hood compared to some of the growing list of beefy dual-core, LTE 4G Androids out already or soon to arrive. ...

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Apple iPhone 5 Gets Oct. 4 Launch Date

Wed, 21 Sep 2011 08:08:30 EDT

NEW YORK, (TheStreet) -- Apple's iPhone 5 unveiling is set for Oct. 4 and new chief Tim Cook will run the ceremonies, according to The Wall Street Journal's blog AllThingsD.

The hotly anticipated event will be Cook's first product introduction since he replaced Steve Jobs last month. Tim Cook

Apple shares have been hitting new all-time highs in anticipation of a strong new product cycle this fall led by the refreshed iPhone 5 and the possibility of a stripped down iPhone 4 to sell in expanding markets like China. ...

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Five Apologies You Won't Hear in Tech

Mon, 19 Sep 2011 13:06:30 EDT

NEW YORK, (TheStreet) -- Netflix chief Reed Hastings has offered a mea culpa for gouging subscribers in an effort to drive a new video streaming strategy.

And while fessing up to blunders is a rare but somewhat welcome move, it seems like a good time to look at other goofs in tech that might be worthy of an apology.

Netflix' eagerness to not get bogged down in its costly, aging mail-order DVD business while pursuing the cloud-based venture of video streaming is understandable. But the transition has been as jarring to consumers as it has been to investors. ...

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Yahoo!/AOL Logic Has a Strong Pull

Fri, 16 Sep 2011 10:55:27 EDT

NEW YORK (TheStreet) -- Yahoo! is on the block, and private equity chop shop Silver Lake is reportedly interested in buying the old Net giant and selling it off in parts.

Bankers at Allen and Co. met with Yahoo!'s board Thursday and heard a takeover proposal from Silver Lake that would involve the sale of Yahoo's Asian businesses -- Alibaba and Yahoo! Japan -- along with an attempt to sell Yahoo!'s U.S. unit, according to Bloomberg.

...

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RIM Failing on All Cylinders

Fri, 16 Sep 2011 09:45:25 EDT

NEW YORK (TheStreet) -- Research In Motion failed a confidence test by badly missing nearly every target in its fiscal second-quarter results, sending investors rushing out the exits.

The BlackBerry maker had a 10% shortfall on earnings, it came up $300 million light on sales, it sold about 1.5 million fewer phones and shipped only a third of the PlayBook tablets that Wall Street expected.

RIM Co-CEO Jim Balsille ...

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RIM's BlackBerry Jam

Thu, 15 Sep 2011 11:48:18 EDT

NEW YORK, (TheStreet) -- Research In Motion, reports its fiscal second quarter results after the bell Thursday, offering an update from the world of also-ran smartphone makers.

The Ontario, Canada-based tech shop has been bobbing through a dead-in-the-water year and needs a successful wave of new BlackBerries to keep the business afloat. RIM Co-CEO Jim Balsille

Unfortunately, it's the next generation of phones, not the current release of BlackBerries -- dubbed D.O.A. by some -- that represent the lifeline RIM investors are waiting for. ...

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Windows 8 to Open New Chip Floodgate

Wed, 14 Sep 2011 09:19:48 EDT

NEW YORK, (TheStreet) -- Microsoft Windows 8 finally threatens to take the power and no doubt the problems of the PC into mobile devices.

Microsoft unveiled its Windows 8 operating system Tuesday to developers at the BUILD conference in Anaheim, Calif., impressing some reviewers with the system's speedy boot up and live tile interface.

But what investors saw was a little different. ...

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Cisco Clings to Chambers With 3-Year Extension

Tue, 13 Sep 2011 16:25:08 EDT

NEW YORK, (TheStreet) -- Cisco chief John Chambers says he's willing to stay another three years.

Answering questions at the end of an analyst day presentation, Chambers was asked if he and the board were in agreement on the direction the company is headed. Chambers said the board met three days ago and the "answer was a resounding yes."

The board, according to Chambers, also asked if he would be willing to commit to another three years as CEO. "And I said I would," Chambers disclosed. ...

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Cisco Sees Modest Slide in 2012 Margins

Tue, 13 Sep 2011 14:07:43 EDT

NEW YORK, (TheStreet) -- Cisco says it expects gross margins to range between 60% and 62% for 2012.

The margin guidance came midway through a presentation by CFO Frank Calderoni during the company's annual analyst day.

Cisco's margins have been in focus as the networking giant struggles to cut costs as sales slow and pricing gets more competitive. Analysts had been expecting gross margins to narrow from the 63% level in fiscal 2011 with some on Wall Street targeting gross margins of 60.7% in 2012. ...

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Cisco CEO Tryout Camp: A Scorecard

Tue, 13 Sep 2011 12:35:06 EDT

NEW YORK, (TheStreet) -- With Cisco's analyst day kicking off in San Jose on Tuesday, Wall Street will get a good look at the networking shop's strategy.

But for some, the real show is a gander at Cisco's bench, and who might be top candidate to take the role of chief executive officer. ...

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NetLogic Spells Deal Logic, Tech Rally

Mon, 12 Sep 2011 16:37:28 EDT

NEW YORK, (TheStreet) -- Tech stocks took the Nasdaq on a ride Monday, as Broadcom's $3.7 billion deal for NetLogic helped boost M&A prospects for the chip sector.

The deal sent NetLogic up 50%, making it the tech market's biggest winner of the day.

...

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Broadcom NetLogic Sparks Chip Rally

Mon, 12 Sep 2011 10:09:44 EDT

NEW YORK, (TheStreet) -- Broadcom's $3.7 billion deal for NetLogic puts the street on alert from other takeover candidates in the chip sector.

Broadcom said Monday that it will pay $50 in cash for each share of communications chip specialist NetLogic, and expects the deal to close in the first half of next year and be a dime accretive to adjusted profit next year.

...

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