Stock watch: Apple, Oracle up; Tesla down

A quick round of Friday stock watching:

Tesla Motors shares were down nearly 3 percent to $30.08 as of this post after CEO Elon Musk sidestepped a question in a Bloomberg TV interview today about whether the company would be able to deliver 5,000 Model S sedans by the end of the year.

“I need to be very hesitant about talking about any near-term metrics for Tesla,” Musk reportedly said when asked about the goal the company stated in July.

The Model S is the Palo Alto company’s second car and the first to be built at Tesla’s Fremont plant. The company’s first vehicle, the Roadster, was plagued with production delays.

• On this day of the Fifth Coming, a.k.a. the iPhone 5 goes on sale — We have a story! Photos! — Apple shares were up about under 1 percent to about $704.75 as of this post.

Other Apple goings-on include unhappiness about its new Maps app, plus a couple of pieces of bad news for the company from Europe. In Germany, the company lost patent claims against Samsung and Google’s Motorola Mobility.

And in other allegations of copying, here’s one to watch: The Swiss Federal Railways is accusing Apple of copying its iconic station clocks in the company’s iOS 6, and a spokesman says the rail could go after Apple for a licensing fee.

Oracle shares also were up about 1 percent to $32.60, the day after the Redwood City company reported first-quarter results. Sales were down, but profit was up and in line with Wall Street’s expectations. Analysts cited by Merc’s Steve Johnson said they were optimistic about the company’s prospects. “What investors need to focus on is, are they losing market share?” Trip Chowdhry of Global Equities Research said. “Our answer is ‘no.’ And is their research-and development-pipeline strong? Yes.”

 

 

 

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  • RC

    I’m afraid that if you are not losing market share and your revenue is not growing that means the market is not growing! With Oracle’s never ending acquisitions this means their efforts are beginning to lose value.

    Could this mean that Oracle will have to write down a bunch of the $25billion in goodwill on their balance sheet like Microsoft and HP?

 
 
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