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Best of the Blogs: Are Wearable Devices the New Frontier for the Google Vs. Apple War?


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
Forrester Research: Sarah Rotman Epps
"Wearable devices, or "wearables" for short, have enormous potential for uses in health and fitness, navigation, social networking, commerce, and media. Imagine video games that happen in real space. Or glasses that remind you of your colleague's name that you really should know. Or paying for a coffee at Starbucks with your watch instead of your phone. Wearables will transform our lives in numerous ways, trivial and substantial, that we are just starting to imagine. In a new Forrester report out today, we argue that wearables will move mainstream once they get serious investment from the "big five" platforms - Apple, Google, Microsoft, Amazon, and Facebook - and their developer communities, and we give advice to product strategists who want to stay ahead of the wearables curve." (For related content, see Three Unexpected Internet Trends for 2012.)
New York Times: Deal Book
Link: BlackRock Earnings Per Share Rise 7 Percent
"BlackRock outperformed expectations in the first quarter, notching a $575 million profit as markets surged and the economy breathed new signs of life. With earnings of $3.16 a share, up 7 percent from the first quarter of 2011, BlackRock, the world's largest asset manager, easily beat the estimates of analysts polled by Thomson Reuters, who had estimated $3.03 a share... As one of the largest asset managers, BlackRock's fate is often intertwined with the markets. The stock market was on fire in the first quarter, guiding BlackRock to strong results. The Standard & Poor's 500-stock index recorded its largest first-quarter gains since 1998, producing a 12 percent rally. The Dow Jones industrial average has notched sixth months of gains." (Also read Breaking Down High Yield Bond Trades on Day One of BlackRock's New Platform.)
All Things D
"With the battle over LTE now heating up, both Verizon and AT&T are eager to tout the benefits of their networks. And, depending on which of two studies you believe, both can lay claim to having the fastest network. AT&T is pushing a PCWorld study that found its network to be the faster of the two. "In our tests, AT&T's new LTE network pumped out the fastest speeds of any 4G provider," PCWorld senior editor Mark Sullivan said in a statement. Verizon, meanwhile, calls attention to a RootMetrics study that finds that it has the better-performing of the LTE networks." (Also read iPhone 4S User's Best Choice: AT&T, Verizon, or Sprint?)
Wall Street Journal: Real Time Economics
"The prospect of a further boost for the U.K. economy from the Bank of England next month all but evaporated Wednesday following fresh warnings on inflation from central bank officials. BOE deputy governor Paul Tucker told a conference of corporate treasurers here that the annual rate of inflation in the U.K. now looks set to remain above 3% in the second quarter of the year and perhaps into its second half. Higher-than-expected energy prices and looming tax increases have probably put inflation onto a slower path to the central bank's 2% target than rate-setters thought in February, Tucker said. Official data published Tuesday showed the annual rate of inflation accelerated to 3.5% in March from 3.4% in February, and Tucker said although it has slowed from a September high of 5.2% the annual rate remains "uncomfortably above" the BOE's 2% target."
New York Times: Economix
"Writing recently in The Financial Times, the renowned novelist Margaret Atwood nailed the lasting effects of the recent – and some would say continuing – global financial crisis. "Those at the top were irresponsible and greedy," she wrote; consequently and with good reason, very few people now trust our banking elite or the system they operate. Even Camden R. Fine, president of Independent Community Bankers of America, is now calling for the country's largest banks to be broken up. But the distrust goes deeper and further, just as Ms. Atwood implies. Many people understand perfectly well that the government let the bankers take excessive risk. There was a high degree of group think among prominent officials in the United States and top banking executives in the run-up to the crisis of 2008. As chief economist at the International Monetary Fund from March 2007 through August 2008, I observed some of this firsthand."
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No positions in stocks mentioned.
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