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Is it Time to Short Apple?

Authored by Scott Goldberg on June 7, 2007 - 2:55pm.
Bad Apple? John Dvorak raised the question today on MarketWatch, and his point is well taken: If you apply the old adage of selling on the good news and buying on the bad, is there a company with more good news, at the moment, than Apple (DMW100)?  Probably not.  “I'm sticking with my scenario where the phone is hugely successful for a couple of quarters until the fashion goes stale,” he wrote.  “By then, the functionality will be duplicated by others and Apple will be treading water.”
tags: iPod | Apple | Steve Jobs | MarketWatch | iPhone | DMW100 |

Dow Jones Acquires Financial News Site MarketWatch for $528 Million

Authored by Mark Hefflinger on January 24, 2005 - 7:26am.
New York -- Dow Jones & Company, publisher of The Wall Street Journal, announced on Monday that it has acquired financial news site MarketWatch for $528 million. The deal ends a bidding war for MarketWatch that included The New York Times Company, the Gannett Company and Viacom. Dow Jones, whose WSJ.com is the largest paid subscription site on the Internet, said MarketWatch will no longer carry the CBS branding, and will retain its best-known columnists and reporters, in addition to its online radio network. "Together, The Wall Street Journal network of sites and MarketWatch attract close to 9 million unduplicated unique visitors per month," said Richard F. Zannino, chief operating officer and executive vice president of Dow Jones. "With a nearly tripling of the reach of our online network, we will take even greater advantage of continued strong growth in both online usage and advertising."
tags: Acquisition | Acquires | Dow Jones | Financial News Site | MarketWatch |

Dow Jones Acquires Financial News Site MarketWatch for $519 Million

Authored by Mark Hefflinger on November 15, 2004 - 5:30am.
New York -- Dow Jones, which publishes The Wall Street Journal, announced on Monday that it has acquired San Francisco-based MarketWatch, a provider of business news and financial information, for $519 million. The deal calls for MarketWatch shareholders to receive $18 per share, a premium of about 7.2% over the company's closing share price on Friday. Other interested bidders for MarketWatch reportedly included Viacom, Yahoo and The New York Times. "By combining Dow Jones' legendary brands, infrastructure and valuable strategic alliances with MarketWatch's award-winning newsroom and comprehensive suite of business and analytical tools, this transaction supports our mission to be the market leader in licensed and advertising supported financial news and information," said MarketWatch CEO Larry Kramer.
tags: Website | Dow Jones | MarketWatch | Financial |

Viacom Planning to Bid on MarketWatch

Authored by Mark Hefflinger on November 11, 2004 - 4:19am.
San Francisco -- Viacom, the parent of CBS and MTV, said it expects to make a bid to acquire the remaining shares of San Francisco-based MarketWatch, the provider of online business news, financial information and analytical tools, that it doesn't already own, the Associated Press reported. In a filing with the Securities and Exchange Commision, Viacom, which already owns a 22% stake in MarketWatch, said that its planned offer comes "at the invitation" of the company. The New York Times reported last week that MarketWatch could be sold for as much as $400 million, and has been actively seeking bids. Other possible suitors include The New York Times and Dow Jones & Co, publisher of The Wall Street Journal.
tags: Viacom | Deal | MarketWatch |

Viacom Planning to Bid on MarketWatch

Authored by Mark Hefflinger on November 8, 2004 - 7:34am.
San Francisco -- Viacom, the parent of CBS and MTV, said it expects to make a bid to acquire the remaining shares of San Francisco-based MarketWatch, the provider of online business news, financial information and analytical tools, that it doesn't already own, the Associated Press reported. In a filing with the Securities and Exchange Commision, Viacom, which already owns a 22% stake in MarketWatch, said that its planned offer comes "at the invitation" of the company. The New York Times reported last week that MarketWatch could be sold for as much as $400 million, and has been actively seeking bids. Other possible suitors include The New York Times and Dow Jones & Co, publisher of The Wall Street Journal.
tags: Viacom | Bid | MarketWatch |

N.Y. Times: MarketWatch Could be Sold for Up to $400 Million

Authored by Mark Hefflinger on October 29, 2004 - 4:21am.
San Francisco -- The New York Times reports that MarketWatch, a San Francisco-based provider of online business news, financial information and analytical tools, could be sold for as much as $400 million. According to the report, the company, which operates the popular CBS MarketWatch.com site, has been actively seeking bids, though company officials declined to comment. Possible suitors may include The New York Times, the CBS unit of Viacom and Dow Jones & Co, publisher of The Wall Street Journal.
tags: N.Y. Times | MarketWatch | Sold |