Bidness Etc - Apple Inc Gets Compared to Hitler By Chinese Tech CEO

Chinese company's CEO Yeuting compares Apple Inc to Hitler in a recent video he posted in order to attract people to his company's new smartphone

One of the most recent Apple news that has attracted the public’s attention is that one of the tech companies in China, LeTV.com’s CEO has created a cartoon series to that has labeled Apple Inc as a ‘Hitler’ company in the tech world, the one who does not let other tech companies of the industry come up on the scale in the market. Jia Yueting, who created the cartoon comics and is also serving as the CEO of the tech company in China seemed rather annoyed by the success the latest iPhone makers were not letting them experience.

Through the cartoon series, he created a figure that looked like Adolf Hitler and made him wear an armband with Apple’s logo drawn on it. This helped in conveying to the public that Yueting was utterly crestfallen by the dominance that the Californian company has been practicing on a global level and how that does not let him or other companies like his climb up the ladder of success in the market. He was seen talking about it on the social media where he mentioned how unfair it was for tech companies like his as the tech giant does not leave any space for small companies in the industry.

Yueting was even seen to have posted a video about the point that he was trying to make and he even made a few comments supporting his argument in which talked about how the whole world is going crazy for Apple and its products which has badly affected the other companies trying to make a mark in the same market. He even said that people’s attitude towards the iPod makers needs to change in order to bring a positive change in sales of other tech companies.

Analysts, in general, are posting different opinions about this act of the Chinese company’s CEO saying that this was just to put a bad impact on the Californian Company’s name. However, analysts at Business Insider think differently. According to them, this stunt was carried out just to attract attention towards a new smartphone launched by none other than LeTV, the company that is currently being run by Jia Yueting.

LeTV.com is a website which has videos that entertain the whole of China with its creative videos and ideas. Over the period of time, this website has become as popular in the Asian country as YouTube all over the world. These website owners have stepped into the smartphone industry only recently and as reports say, the phones that the company is making are highly inspired by the designs that Apple owns.

Bidness Etc - Zack analysts reiterate hold rating on Cerner stock

Cerner stock got its hold rating reissued by Zacks with target price of $70

On Thursday research note, Zacks issued a rating of Hold on Cerner’s stock with a price objective of $70. Its target price specifies an impending $3.22% downside from the previous stock close.

Analysts at Zack wrote Cerner posted an outstanding result in the last quarter of 2014 surpassing their estimation on both lines. We are enthralled with the strong booking, earnings rise and revenue of the company in the last quarter. The close of Siemens Health services acquisition lately is most likely to expressively improve company’s capabilities by growing its variety of services and solutions and global opportunities. Zacks analysts believe that Cerner is on the urge for growth in 2015, determined by a latest business prospects and a strong pipeline. Though, Healthcare information Technology market is extremely competitive that puts substantial pressure on margins and pricing both. Furthermore, a rising proportion of low margin in technology and services resale will affect the margins more.

A number of research firms have covered CERN stock. Argus research firm analysts escalated their price target to $80 from $73 with Buy rating on Monday. Robert W. Baird updated stock of the company to an outperform rating from neutral and increased target price to $77 from $65 on Wednesday. Royal Bank of Canada analysts surged their price objective to $77 from $70 and assigned outperform rating to the stock. Out of 17 equity research analysts, four gave Hold rating, 12 suggested Buy and only one gave sell rating to the Cerner stock. Currently, CERN has an average price objective of $71.13 and average rating of Buy.

Cerner stock was up by 1.34% in Thursday and reached day maximum of $73.30. Almost 145,834 shares of the company exchanged hands. The company has a 52 week low and high of $48.33 and $74.83 respectively. The 200 and 50 days moving average was $64 and $71 with $25.11 billion of market cap and 48.87 prices to earnings.

The health care company last reported its quarter earnings on 10th February Tuesday. Cerner declared earnings of 47 cents per share for the period similar to analyst projection of 47 cents. It also managed to post $926 million in revenues much higher than the forecast of $904.6 million. In the prior year quarter, earnings of 39 cents per share were reported. Company’s revenue rose by 16.4% on year over year basis. Averagely, analyst believe that the Kansas city based company will managed to post earnings of $2.13 per share for the present year of 2015.

Bidness Etc - Oculus To be Launched In 2015 By Facebook

The social media company is all set to launch its virtual reality product in the upcoming months

The most talked about gadget of the year seems to be the one Facebook is currently working on the Oculus Rift. It has been announced by the social media company that this new product that the firm has been working on for quite some time will be launched by the end of the current financial year 2015. Mark Zuckerberg, who is the CEO of the tech giant, was seen declaring that the company is all set to start the sales of their upcoming project which is all ready to hit the stores.

Oculus Rift is a product that is solely based on virtual reality technology. Zuckerberg was seen talking about the product at the F8 Conference held by Facebook every year for tech and software experts. The main concern of investors, however, is whether this new venture of the company is going to prove fruitful for the social media network company or not.

Mike Schroepfer, who the CTO of Facebook, talked about the most anticipated product of the year at the F8 and tried to satisfy investors and customers alike. He was seen talking about a game that was discussed at the conference and he said that Oculus will help play that particular game in a better way. Analysts who were closely watching the steps of the company are of the opinion that the launch of the new product might be scheduled for an earlier date rather than what everyone believes it to be which means that the Rift might end up getting launched in the middle of the year as well.

Tech analysts were also seen discussing how Facebook is a social media networking platform and for some entity like that to come up with a virtual reality product like that seems rather unlikely. The company has a virtual reality past in which the media firm was seen fiddling with the Farmville project. Thus, for a company like that to come up with an actual VR product is quite amusing in the eyes of the tech analysts.

For Facebook, this new product is not just another experiment but the company seems rather serious about it. The company’s plans to penetrate properly into the market with this venture are all decided and all it now needs to do is figure out how to make money out of this project and keep the investors as happy as ever.

However, according to what Zuckerberg said in the press conference, the media company will be looking towards developing itself in the VR field for the first year and it will think about making money out of it after that.