Two Ways: Microsoft, Verizon Try to Take a Bite Out of Apple
Strengthen your portfolio in good times and bad.
Microsoft (MSFT) and Verizon (VZ) are gearing up for a battle with Apple (AAPL). According to the Wall Street Journal, the two companies are in talks to launch a touchscreen smartphone to compete with iPhone.
Microsoft executives involved with the project, codenamed "Pink", are hoping it will enable the company to extend the reach of its Windows Mobile operating system.
Meanwhile, Verizon is hoping to take on AT&T (T) in the smartphone category. The carrier is believed to have had talks with Apple regarding potential partnerships other than iPhone, but so far nothing has materialized.
Microsoft will be involved in the design of the phone's software and hardware, but a third party will actually build the handset. The strategy is similar to Google (GOOG), which built the Android operating system for other mobile devices.
From the Bull Pen: Hard to be absolutely bullish here as it feels like Hoofy pulled away on the Tech Train. But one can look to a play Professor Sean Udall mentioned, namely Broadcom (BRCM). For the short term, one can set a sell stop below $22.50.
From the Bear Cave: Tech had a great day today in a really strong tape. But one stock that stood out like a sore thumb was Research In Motion (RIMM), which closed down 2%. Those playing the short side can set a tight 2% buy stop above entry.
Another Wacky Wednesday. We'll see you for Thirsty Thursday. Goodnight!
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