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Tech News: RBC Capital Downgrades Microsoft (NASDAQ:MSFT)


Plus, Samsung launches its own version of Siri.

This column highlights the most useful and interesting business and financial commentary on technology each day.

Daily Political
Link: RBC Capital Lowers Microsoft Corp. to Sector Perform
"Microsoft Corp. (NASDAQ:MSFT) was downgraded by equities researchers at RBC Capital from an 'outperform' rating to a 'sector perform' rating in a report issued on Monday.

"Microsoft Corp. opened at 29.76 on Monday. Microsoft Corp has a 1-year low of $24.26 and a 1-year high of $32.95. The company has a market cap of $249.5 billion and a price-to-earnings ratio of 14.88."

Link: Samsung Ventures-Backed Maluuba Launches Its 'Siri for Android' in the UK, Australia, and Ireland
"Pitched as a 'do engine,' like Siri (NASDAQ:AAPL), Maluuba uses Natural Language Processing to accept voice commands and queries to interrogate and search numerous third-party services - and take various actions, such as scheduling meetings, alarms and location-based reminders, or doing something as frivolous as sending a tweet. So, for example, ask it something like 'What movies are playing in London this week?' and you're presented with movie show listings and viewing times in London, which you can then take action on, such as adding a reminder. As you'd expect, the app also tightly integrates with Google Calendar (NASDAQ:GOOG)."

Link: Tablets & Phones Are Augmenting, Not Replacing, Traditional News Outlets, Study Shows
"According to the study, which surveyed nearly 10,000 US adults, around half of whom owned some sort of mobile device, a full 64% of tablets owners and 62% of smart phone owners said they used their devices for news at least one per week, meaning that one third of adults in the United States get some kind of news on a tablet or phone on a weekly basis, if not more frequently."

Link: Kindle Paperweight Is a Big Step Forward for eReaders
"When Barnes & Noble (NYSE:BKS) announced the front-lit Nook Simple Touch with GlowLight in April, the company stressed the e-reader's usefulness for reading in bed while your partner sleeps beside you - which seemed like a niche use. At the launch of the front-lit Kindle Paperwhite, though, Jeff Bezos said Amazon (NASDAQ:AMZN) 'figured out early' that most people will want to leave the Paperwhite's light on all the time. In other words, the light's not just a gimmick, it's an upgrade."

Link: Workday Sets IPO Valuing Company at as Much as $3.85 Billion
"Workday, an enterprise cloud software company, revealed plans to sell 22.75 million shares of stock valued at between $21-$24 in a new filing with the Securities and Exchange Commission on Monday. At the high end of that range, Workday would raise about $546 million, valuing the company at $3.85 billion.

"The company's IPO has been one of the most hotly anticipated tech IPOs in recent months. Workday first publicly announced its IPO at the end of August, a little later than some had expected, and did not include any details about pricing."

Link: Where Facebook Is Looking to Grow: COO Sheryl Sandberg
"For the first time since Facebook's (NASDAQ:Facebook) IPO, COO Sheryl Sandberg sat down for an exclusive interview to talk about what's happened since the social network went public, and where she's taking the company next.

"With Facebook off some 40% since its May IPO, Sandberg had no choice but to address the company's stock price. 'We're obviously disappointed and really surprised by what happened in the IPO,' Sandberg said."
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