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- Level 3 and Limelight Patent Suit: Here's How to Settle ItToday
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Dan Rayburn submits:
On Monday, in the Eastern District Court of Virginia, the Level 3 (LVLT) and Limelight Networks (LLNW) patent suit got underway. While this is only the start of what is expected to be a long and drawn out legal proceeding, I think Level 3 and Limelight Networks should come to terms and end the suit.
As a company, Level 3 is in a very different position today than they were almost two years ago when they first notified Limelight about the patents they control from the SAVVIS acquisition. Two years ago, Level 3's stock price was around $7 and they had a market cap of almost $10 billion. Today, their stock is under a dollar and their market cap is under $2 billion. Times have changed, the economy has gotten worse and companies are now doing everything they can to cut costs.
Complete Story » - Apple Drops DRM from iTunes Music; What We Really Need Are DRM Free VideosToday
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Dan Rayburn submits:
Yesterday, Apple (AAPL) announced at Macworld that by the end of the first quarter, all songs in its catalog will be DRM free. While that's nice, but not really that big of a deal, the real question is when DRM free videos will be made available?
Let's face it, most folks who buy music from iTunes only want to play it on an iPod anyway and are not moving the content around to many other devices. Music is not what's driving the growth of the Internet, new applications, or bandwidth consumption. It's all about video. If Apple really wants to push the market forward and help video consumption explode, it needs to convince content owners that offering DRM free videos would help jumpstart the industry. New business models would be created overnight and consumers would be happy, which means they would buy and consume more content. We'd see an amazing amount of growth in just a year's time.
Complete Story » - eBay: Stock Fully Valued at Current PriceYesterday
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Joseph Steinhardt submits:
I thought that eBay (EBAY) may be a good play on frugality in 2009. The stock is off 53% this year. It is trading at historically low PE and similar relative value metrics, has lots of cash and no long term debt.
The company did draw down a billion dollars from a revolver for thepurchase of Bill Me Later in October, but this should not be an issue to repay. The revolver matures at the end of 2012 and the company has lots of cash and also generates lots of cash.
Complete Story » - Amazon: An 'Unmatched Online Marketplace' - JP MorganJanuary 5
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Third Party Feed:
Media Tech Analyst submits:
JPMorgan upgraded the shares of Amazon (AMZN) to Buy and set a $65 price target. The price target represents a 20% upside from current trading levels. Sounds familiar? On Dec. 19th I suggested that Amazon is taking share from rivals and that the shares could appreciate by 20% over the next 12 months. See the write-up here.
Despite the upgrade, the analyst reduced both his 4Q08 and 2009 numbers for Amazon, citing economic pressures that are impacting both revenues and profits. But driving the shares will be share gains, impact from offline retail bankruptcies, and uptake of digital downloads and web services.
Complete Story » - Firefox Browser Share Tops 20% in November; Microsoft Still Number OneJanuary 4
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Marketing Charts submits:
The Mozilla Firefox browser exceeded 20% market share in November 2008 for the first full month since tracking began, and remains the second-most-popular web browser behind Microsoft’s (MSFT) Internet Explorer, according to data from Net Applications, which compiles shares for browsers, search engine referrals and operating systems.
Complete Story »