Daily News: Reuters Technology News Headlines - Hewlett-Packard shares look cheap despite big rebound: Barron's

	Yahoo! News | My Alerts | Edit Alert
Sunday, Apr 06, 2014 12:43 PM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Hewlett-Packard shares look cheap despite big rebound: Barron's Weibo IPO could value company at about $3.9 billion Retailers push into crowded mobile payment market

Hewlett-Packard shares look cheap despite big rebound: Barron's  Sunday, Apr 06, 2014 12:43 PM PDT Shares of Hewlett-Packard Co are poised to rise by 20 percent over the next year, helped by an expected pickup in information-technology spending, according to an article in the April 7 edition of Barron's. HP's stock has risen 46 percent in the past year, but with a valuation of 8.7 times projected earnings over the next four quarters, it still trades at a 44 percent discount to the market, the financial newspaper said. While spending on information technology has been weak in recent years, buyers worldwide are on track to spend 3.2 percent more this year, research group Gartner said last week. Currently, HP shares, which closed at $32.64 on the New York Stock Exchange on Friday, go for the same price they did 15 years ago, as the Internet and smartphones have made things like pricey personal computers and printers less of a necessity. Full Story	Top
Weibo IPO could value company at about $3.9 billion  Sunday, Apr 06, 2014 01:40 AM PDT (Reuters) - China's Weibo Corp said it expected its initial public offering of 20 million American Depository Shares to be priced at $17-$19 each, valuing the Twitter-like messaging service at about $3.9 billion. Weibo, owned by Sina Corp, is the latest Chinese internet giant to tap U.S. markets, following on the heels of search service Baidu and its own corporate parent. Alibaba Group Holding Ltd, which owns a stake in Weibo, is expected to raise about $15 billion in New York this year, in the biggest internet IPO since Facebook's debut in 2012. Sina, which holds about 78 percent of Weibo, would see its stake drop to about 57 percent after the offering. Full Story	Top
Retailers push into crowded mobile payment market  Sunday, Apr 06, 2014 01:03 AM PDT By Emma Thomasson BERLIN (Reuters) - Big retailers are muscling in on the likes of Visa, MasterCard and Google in a fiercely competitive and growing mobile payment market that promises to cut transaction costs and increase customer loyalty. Stores such as British supermarket Tesco and France's Auchan hope their "digital wallets" - apps which allow users to pay with their smartphones rather than cash or cards - will also give them more comprehensive data about customers' shopping habits than ever before so they can target advertising. They are joining a crowded market - banks, card companies and tech firms like Google and Apple are all entering the mobile payment business, each hoping their app will become the industry standard. The global market for mobile payments is forecast to grow about threefold by 2017 to some $721 billion worth of transactions, with more than 450 million users, according to research firm Gartner. Full Story	Top

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.