Just when you thought that things couldn't get any worse for the desktop, it gets kicked by a cold boot.
Industry tracker IDC is reporting that just 76.3 million PCs were shipped during this year's first quarter, down 13.9% from a year earlier.
Remember when Microsoft's (NASDAQ: MSFT ) Windows 8 was supposed to make desktops and laptops popular again? It's amusing in retrospect. The percentage decline is the largest drop that IDC has reported since it began tracking quarterly shipment trends nearly two decades ago.
A meteor made dinosaurs extinct. A cloud is making PCs extinct.
Think about it. Everyone knows that smartphones and tablets are eating into the traditional PC market, but have you ever wondered why that's even possible? Have you wondered why Microsoft's mobile operating system hasn't been as dominant as what Apple (NASDAQ: AAPL ) and Google (NASDAQ: GOOG ) have been cooking?
It's really all about the cloud.
Top 10 High Tech Companies For 2014: Fermiscan Holdings Ltd(FER.AX)
Fermiscan Holdings Limited focuses on the commercialization of Fermiscan Test, the non-invasive breast cancer screening test for women of all ages. Its Fermiscan Test is based on detecting change in the structure of hair by the X-ray diffraction technique using an intense X-ray beam generated from synchrotron. The company is headquartered in Sydney, Australia.
Top 10 High Tech Companies For 2014: Santa Fe Metals Corp(SFM.V)
Santa Fe Metals Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious and base metal properties primarily in Mexico. The company principally holds a 100% interest in the Cuatro Cienegas copper property that consists of 6 concessions totaling approximately 3,408 hectares located northeast of the city of Torreon in the State of Coahuila, Mexico. It also focuses on the acquisition of producing or near-term producing gold properties. The company was formerly known as Tequila Minerals Corp. and changed its name to Santa Fe Metals Corp. in February 2008. Santa Fe Metals Corp. was incorporated in 2006 and is based in Vancouver, Canada.
10 Best Financial Stocks To Invest In Right Now: Ringbolt Ventures Ltd (RBV.V)
North American Potash Developments Inc., an exploration stage company, engages in acquiring and developing agricultural assets in the United States. It holds interests in the Lisbon Valley potash property that has 9 mineral leases covering 6,277 acres located in the Paradox Basin, Utah; the Holbrook Basin Potash property, which has 15 exploration permits covering 9,594 acres located in the Apache County, Arizona; and the Hornby Basin uranium property that consists of 4 mineral claims covering approximately 10,330 acres located in the Great Bear Lake area of the Northwest Territories. North American Potash Developments Inc . was formerly known as Ringbolt Ventures Ltd. and changed its name to North American Potash Developments Inc. in November 2011. North American Potash Developments Inc. was incorporated in 2006 and is based in Vancouver, Canada.
Top 10 High Tech Companies For 2014: African Copper Corp (ACCS)
African Copper Corporation, formerly New York Tutor Company, incorporated on April 6, 2011, is an exploration-stage company. The Company is engaged in the business of exploration of precious metals with a focus on the exploration and development of copper and other precious metals deposits in northwestern Botswana, Africa. On April 4, 2013 the Company completed the acquisition of the Property from Guerrero Exploration, Inc.
The Company�� mineral interests consist of exploration stage properties referred to as the Property. As of April 4, 2013, the Company had not generated revenues from its operations. The Company plans to conduct exploration activities on its mineral properties, which exploration may include the completion of feasibility studies necessary to evaluate whether a commercial mineable mineral exists on any of its properties.
Top 10 High Tech Companies For 2014: Triangle Industries Ltd. (TIA.V)
Triangle Industries Ltd., together with its subsidiaries, provides transloading services to shippers of bulk commodities in Canada. The company principally provides freight and reloading services. It also offers ancillary trucking services in support of its transloading activities primarily through subcontractors. The company was incorporated in 1983 and is based in Vancouver, Canada.
Top 10 High Tech Companies For 2014: SCBT Financial Corporation(SCBT)
SCBT Financial Corporation operates as the holding company for SCBT, N.A. that provides retail and commercial banking services in the Carolinas. Its deposit products include checking, savings, and time deposits; and certificates of deposit, as well as interest-bearing transaction accounts, including NOW, HSA, IOLTA, and market rate checking accounts. The company also offers loans for businesses, agriculture, real estate, personal use, home improvement, and automobiles, as well as provides credit cards, letters of credit, and home equity lines of credit. In addition, it offers mortgage lending and investment services. Further, the company provides brokerage services and alternative investment products, such as annuities and mutual funds; trust and asset management services; safe deposit boxes; bank money orders; wire transfer services; correspondent banking services; and ATM facilities. As of January 27, 2012, it operated 68 locations in 16 South Carolina counties, 10 north Georgia counties, and Mecklenburg County in North Carolina. The company was founded in 1933 and is headquartered in Columbia, South Carolina.
Top 10 High Tech Companies For 2014: Penske Automotive Group Inc.(PAG)
Penske Automotive Group, Inc. operates as an automotive retailer. It sells new and used vehicles of approximately 40 vehicle brands; offers vehicle maintenance and repair services; and engages in the sale and placement of third-party finance and insurance products, third-party extended service contracts, and replacement and aftermarket automotive products. As of December 31, 2011, the company operated 320 retail automotive franchises, of which 166 franchises were located in the United States and 154 franchises are located outside of the United States primarily in the United Kingdom. It also has operations in Puerto Rico and Germany. Penske Automotive Group, Inc. was founded in 1990 and is headquartered in Bloomfield Hills, Michigan.
Advisors' Opinion:- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Penske Automotive Group (NYSE: PAG ) .
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Penske Automotive Group (NYSE: PAG ) , whose recent revenue and earnings are plotted below. - [By Seth Jayson]
Penske Automotive Group (NYSE: PAG ) reported earnings on April 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Penske Automotive Group missed estimates on revenues and beat slightly on earnings per share. - [By Marc Bastow]
Automotive retail and transportation services giant Penske (PAG) raised its quarterly dividend 6.3% to 17 cents per share, payable on Dec. 2 to shareholders of record as of Nov. 11.
PAG Dividend Yield:�1.72%
Top 10 High Tech Companies For 2014: Royal Caribbean Cruises Ltd.(RCL)
Royal Caribbean Cruises Ltd. operates in the cruise vacation industry worldwide. It owns five cruise brands, which comprise Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, and CDF Croisi�es de France. The Royal Caribbean International brand provides various itineraries and cruise lengths with options for onboard dining, entertainment, and other onboard activities primarily for the contemporary segment. It offers surf simulators, water parks, ice skating rinks, rock climbing walls, and shore excursions at each port of call, as well as boulevards with shopping, dining, and entertainment venues. The Celebrity Cruises brand operates onboard upscale ships that offer luxurious accommodations, fine dining, personalized services, spa facilities, venue featuring live grass, and glass blowing studio for the premium segment, as well as resells computers and other media devices. The Pullmantur brand provides an array of onboard activities and serv ices to guests, including exercise facilities, swimming pools, beauty salons, gaming facilities, shopping, dining, complimentary beverages, and entertainment venues serving the contemporary segment of the Spanish, Portuguese, and Latin American cruise markets. The Azamara Club Cruises brand offers various onboard services, amenities, gaming facilities, fine dining, spa and wellness, butler service for suites, and interactive entertainment venues for the up-market segment of the North American, United Kingdom, German, and Australian markets. The CDF Croisieres de France brand offers seasonal itineraries to the Mediterranean; and various onboard services, amenities, entertainment venues, exercise and spa facilities, fine dining, and gaming facilities for the contemporary segment of the French cruise market. As of December 31, 2011, the company operated 39 ships with a total capacity of approximately 92,650 berths. Royal Caribbean Cruises Ltd. was founded in 1968 and is headqua rtered in Miami, Florida.
Advisors' Opinion:- [By Ben Levisohn]
Carnival�(CCL) has fallen 7.6% to $34.56 in early trading this morning after the company reported a profit of $1.38, above forecasts for $1.32, but issued disappointing guidance. It’s also dragging down shares of�Royal�Caribbean�Cruises (RCL), which have fallen 3.1% to $38.18.
- [By Rick Munarriz]
Carnival stock is trading closer to its 52-week low than its high, and the same can't be said of rivals Royal Caribbean (NYSE: RCL ) and NCL (NYSE: NCL ) .�
- [By Monica Wolfe]
Royal Caribbean Cruises (RCL)
Chairman and CEO Richard Fain has made the largest insider buy this week, buying nearly one million dollars worth of shares.
Top 10 High Tech Companies For 2014: Canadian Overseas Petroleum Lim (XOP.V)
Canadian Overseas Petroleum Limited, an oil and gas company, engages in the identification, acquisition, exploration, and development of oil and natural gas offshore reserves in offshore West Africa and in the United Kingdom North Sea. The company was formerly known as Velo Energy Inc. and changed its name to Canadian Overseas Petroleum Limited in July 2010. Canadian Overseas Petroleum Limited is headquartered in Calgary, Canada.
Top 10 High Tech Companies For 2014: Vaaldiam Resources Inc (VAA.TO)
Vaaldiam Mining Inc., a junior mining company, engages in the acquisition, exploration, and development of mineral properties. The company primarily owns diamond and exploration properties in Brazil. It holds a 100% interest in the Bra煤na gold project located within the Rio Itapicuru Greenstone Belt area in Brazil; holds a 100% interest in the Catal茫o diamond project that comprises 3 kimberlite pipe-like deposits covering a surface area of 0.75 hectares located in the state of Goi谩s, Brazil; and owns various exploration properties in Canada that are available for joint venture or purchase. The company also owns a portfolio of royalty and equity investments. Its portfolio covers gold in Africa, Peru, and the United States; copper in Peru; diamonds in Brazil; and titanium, zircon, and rutile in Kenya. The company was formerly known as Tiomin Resources Inc. and changed its name to Vaaldiam Mining Inc. in March 2010. Vaaldiam Mining Inc. is headquartered in Toronto, Canada.
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