Apple (AAPL), Amazon (AMZN) Shares Tick Lower on Microsoft/B&N Deal
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Price: $390.49 +1.62%
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +16.2%
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Following the NOOK deal between Microsoft (Nasdaq: MSFT) and Barnes & Noble (NYSE: BKS), the stocks of several rivals are ticking lower Monday morning.
Down in pre-market trade are: iPad maker Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG) and Amazon.com (Nasdaq: AMZN).
NOOK currently runs on Google's Android mobile OS and Amazon makes the Android-based Kindle series of e-Readers, including the colorful Kindle Fire.
Also of note, a broader version of a Microsoft/B&N deal with Microsoft simply scooping up B&N was mulled last January. The advantage of a full-on acquisition by Microsoft would be the ability to get broader brick-and-mortar exposure in an effort to create a solid physical presence to rival Apple stores.
Barnes & Noble shares have nearly doubled early Monday morning while Microsoft shares are also trading higher.
Down in pre-market trade are: iPad maker Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG) and Amazon.com (Nasdaq: AMZN).
NOOK currently runs on Google's Android mobile OS and Amazon makes the Android-based Kindle series of e-Readers, including the colorful Kindle Fire.
Also of note, a broader version of a Microsoft/B&N deal with Microsoft simply scooping up B&N was mulled last January. The advantage of a full-on acquisition by Microsoft would be the ability to get broader brick-and-mortar exposure in an effort to create a solid physical presence to rival Apple stores.
Barnes & Noble shares have nearly doubled early Monday morning while Microsoft shares are also trading higher.
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