The Seattle tech giant's AWS has midwifed some of the world's most popular startups. That could put it on a collision course with Amazon's mainline business.
FORTUNE -- When Amazon Web Services emerged in 2006, it was questioned far and wide. What, exactly, was the online mega-retailer doing dabbling in web infrastructure?
The move to provide services that have widely become known as cloud computing even puzzled some inside the company. "It MORE
JP Mangalindan, Writer - May 22, 2012 11:17 AM ET
Apple's tablet plays a key role in the largest debt restructuring in history
FORTUNE -- I got a London call last week from Bob Apfel, a Brooklyn neighbor (and fellow Oberlin College graduate).
"Two weeks ago," he began. "I completed the debt restructuring of Greece."
It was pretty bold statement, but not entirely out of character. After all, Apfel runs a company called Bondholder Communications Group that does this kind of thing.
But that MORE
Philip Elmer-DeWitt - May 22, 2012 7:27 AM ET
Andy Zaky has called a bottom for the fifth time in a row
FORTUNE: Bullish Cross' Andy Zaky, never shy about tooting his own horn, has asked me to remind readers that on Thursday, with Apple (AAPL) trading just over $530, he announced that the share price was at or near a bottom and was about to bounce.
"Those who have been waiting for a correction in Apple to buy the stock," MORE
Philip Elmer-DeWitt - May 21, 2012 6:19 PM ET
The results of Facebook's IPO last week may indicate there isn't -- at least not in the public markets.
By Kevin Kelleher, contributor
FORTUNE – Does anyone want to talk about a bubble now?
In the weeks leading up to Facebook's (FB) much-trumpeted IPO, a debate simmered over whether Silicon Valley was entering another bubble. Some cited "bizarre activity" like spending big on companies with no revenue. Others dismissed fears of a MORE
May 21, 2012 11:04 AM ETA high-quality, fast-growing mega cap company that gets no respect on the Street
Katy Huberty, Morgan Stanley's chief Apple (AAPL) analyst, issued an elaborate report Monday entitled AAPL: How Do You Do Risk Management? that I can't pretend to understand completely -- not even the title.
But two takeaways are clear: (I quote)
AAPL is the most widely held US company among hedge funds, with 26% of all large hedge funds holding positions MORE Philip Elmer-DeWitt - May 21, 2012 9:56 AM ET
In the court-ordered talks that begin Monday, the two sides are playing by different rules
FORTUNE -- The federal judge overseeing the Northern California front of the global smartphone patent war has the power to bring the CEOs of Apple (AAPL) and Samsung -- Tim Cook and Choi Gee-sung -- to a mediation session, but even he can't force a settlement.
The differences between the kinds of patents the two companies are MORE
Philip Elmer-DeWitt - May 21, 2012 7:09 AM ET
Fortune 500 companies are looking at the big picture as they embrace social media.
By Colleen Leahey, reporter
FORTUNE -- About a year before Facebook bought the photo-sharing app Instagram for $1 billion, General Electric (GE) joined. Instagram users take and share pictures on their smartphones and "follow" other users' photostreams. GE (No. 6 on the Fortune 500) has 86,066 followers. Instagram's retro-filters can make GE's photos look like a history MORE
May 21, 2012 5:00 AM ET
Aereo wants to revolutionize web TV by making it easy to stream and record basic TV. Question is, will the major broadcasters let it?
By Roger Parloff, senior editor
FORTUNE -- An ingenious, Rube Goldberg-style invention called Aereo, backed by Barry Diller's IAC/Interactive Corp., is posing riddles for a federal judge, whose decisions could have enormous consequences for the future of television distribution.
The lawsuit is the latest iteration of a now MORE
May 21, 2012 5:00 AM ET
If you didn't already know about the Smithsonian's exhibit, you'd never find it
FORTUNE -- First you have to find which of the Smithsonian's 19 museums houses the Steve Jobs' exhibit that opened last week -- not an easy task for someone unfamiliar with the monumental geography of Washington D.C.
Then, once you locate the Ripley Center -- a tiny circular building, just to the right of the Institute's big red castle -- MORE
Philip Elmer-DeWitt - May 20, 2012 6:08 PM ET
The equivalent, in podcasting news, of Conan O'Brien leaving NBC for TBS
FORTUNE -- On Friday, Daring Fireball's John Gruber, one of the most influential Apple (AAPL) commentators on the Internet, began the latest episode of his Talk Show podcast by launching without preamble into a riff about Andy Pettitte's return to baseball.
No surprise there. Gruber's podcast style is as idiosyncratic as his widely-read blog, and he'll use any excuse to MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 10.41 | 0.22 | 2.16% |
| Microsoft Corp | 29.11 | -0.65 | -2.18% |
| General Electric Co | 19.18 | 0.00 | 0.00% |
| Pfizer Inc | 22.09 | -0.28 | -1.25% |
| JPMorgan Chase and C... | 34.26 | 0.25 | 0.74% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,496.15 | -6.66 | -0.05% |
| Nasdaq | 2,850.12 | 11.04 | 0.39% |
| S&P 500 | 1,318.86 | 2.23 | 0.17% |
| Treasuries | 1.72 | -0.07 | -4.02% |