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Apple Inc Says No Stock Split, Google’s New Motorola CEO, Kindle Sales Estimate Drops

February 23 2012 Tweet Email This

Apple Inc (NASDAQ:AAPL): CEO Tim Cook said today Apple’s cash is more than needed to run company. He also indicated Apple is not considering stock split, reiterating the company’s desire to keep the share price high for entering public investors. Shares of Cupertino, California-based Apple rose less than 1 percent to $516 at this afternoon. The shares have climbed 27 percent year-to-date.

Google (NASDAQ:GOOG): Managers for Google Music have told music label representatives that customer adoption and revenue are below what they foresaw three months after the service’s launch, according to CNET, citing sources.

Google (NASDAQ:GOOG) will likely name Dennis Woodside as the new CEO of Motorola Mobility (NYSE:MMI), when Google’s acquisition of that company closes, according to Bloomberg. Woodside was Google’s head of ad sales in the Americas before he left that job to oversee the merger with Motorola, the news service added.

Amazon.com (NASDAQ:AMZN): Barclays lowered its Q4 Kindle Fire estimate to 5M units from 5.5M units and now expects the company to sell 17.1M tablets and 18.4M Kindle eReaders in 2012. The firm maintains its Equal Weight rating and lowered its price target lowered to $180 from $190.

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