Former Apple CEO John Sculley has confirmed that he and a group of investors were lining up a bid for BlackBerry, but they waited too long and lost out. In an interview on Bloomberg Surveillance, Sculley reveals how he was surprised when the struggling smartphone maker announced a $1 billion investment deal earlier this week.
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File this one under, “huh?”
CNBC reported Monday that billionaire hedge-fund investor Julian Robertson sold all of his shares in Apple because he’d recently read a biography of founder Steve Jobs, and found the former CEO of Apple to be a “really awful person.”
Robertson admits that the stock did very well for him, but would rather “let someone else make the money from now on,” as he said on CNBC’s investment show, Closing Bell.
What goes up must come down, in physics and in investment. Stock prices for Apple have hit a low recently, down about a fourth of it’s value. Analysts believe that upcoming taxes on capital gains and investment dividends have stock holders rushing to get rid of as much as they can to avoid record tax hikes.
“No individual investment can defy gravity,” said the deputy chief investment officer for Wells Fargo, Erik Davidson.
Ping never had a chance, but a recent report may show the way to Apple’s eventual success in the social media space. According to a report in The New York Times, “people briefed on the matter” say that Apple has been talking with the social media startup about making a strategic investment.
The numbers bandied about include an Apple investment stake of hundreds of millions of dollars, which might in turn increase Twitter’s high valuation of around $8.4 billion to a nicer-looking $10 billion.
Over the last couple of months Apple has been trying to secure a real estate deal that will allow them to expand their Austin, Texas campus and bring an additional 3,600 new jobs to the area. Recent records show that Apple purchased three large tracts of land adjacent to their current campus, that will allow the company to expand and make good on their plans to invest $304 million in the area.
Signs are everywhere that Apple’s iDevices are gaining business cred. Apperian, a development firm making software that allows business to create and manage their own apps, just won $9.5 million in venture capital funding, according to a press release.
Apperian’s star iOS product is a cloud-based platform called EASE they claim is the first to allow large-scale creation and management of apps in a business environment — pretty key if you’ve got, say, 150 salespeople all needing access to the same sales app and whining for support every 15 minutes.
That Apperian managed to net the funding means that investors think EASE will increasingly allow iPads and iPhone’s to elbow their way into the enterprise world — traditionally the domain of RIM and the Blackberry. Apperian is also working on an Android-based version of EASE.
Yesterday, we reported that Toshiba would be building new facility in order to supply Apple with high-res displays for future iPhones and iPads… and that Cupertino itself might have sunk some cash in to the project to get it off the ground.
Today, Toshiba’s denying Apple’s involvement.