Apple Market Cap, Cisco Earnings Beat and Amazon Sidesteps Apple

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
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Apple Market Cap, Cisco Earnings Beat and Amazon Sidesteps Apple

I am up in Mass visiting some companies in the area and doing a presentation on the state of communications and tech markets - so while I am offline feel free to visit other parts of the TMC network to check out the latest news and analysis.

But before I sign off - some of the most interesting stories recently have to be Apple becoming the most valuable public company in the world, Cisco beating lowered expectations and Amazon leveraging HTML5 to allow Kindle reader access via web browsers.

Let's start with Cisco first - the company has put out so much bad news lately, the fact that this bellwether had a beat actually helped the entire stock market regain confidence.

If you missed it this morning, it seems hedge funds and others who are short the markets are pushing rumors of European banks having tremendous problems. This is exactly what happened with the Lehman Brothers collapse in 2008. Markets have the ability to drive companies into insolvency by stoking the flames of fear, uncertainty and doubt. The good news for those who are looking for stable financial markets is that as of this writing, the networking giant is up over 16% to $16.02.

The other two news items are huge as well - Apple, a company in the hardware space - an area we all consider a commodity has used a combination of leading-edge supply-chain management, a massive cash horde and brilliant design and usability to become more valuable than any other company in the world.

And with their locked-in ecosystem, the amount of revenue it will continue to generate via its music and app stores will continue to grow for years. Recently the company forced software developers to share revenue they derived on Apple devices via apps. And in response, Amazon has a new HTML5 app they hope will sidestep Apple.

Apple of course is aware of HTML5, they even own html5.com but I suppose their desire to rid the web of Flash is greater than their need to derive revenue from every transaction on iOS devices. At the last DevCon5 conference in New York, a few developers told me they see greater in-app revenue when the app store does the billing - meaning the 30% cut they give Cupertino is well worth it.

I suppose this isn't the case for a company like Amazon that is already well-known and has accounts set up for its customers. Time of course will tell.


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