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The Walt Disney Company (NYSE:DIS) has seen the dominance by Viacom Inc.’s (NYSE:VIA) Nickelodeon network over its Disney Channel disappear recently. Nickelodeon is a crucial profit center for Viacom; the latter is now gambling that new programs such as a redux of the Teenage Mutant Ninja Turtles franchise might help its ratings performance to rebound, according to The Los Angeles Times.
General Electric Company’s (NYSE:GE) NBCUniversal, along with Comcast Cable (NASDAQ:CMCSA), HBO, and Cinemax (NYSE:TWX) are all partnering with Zeebox in a premier endorsement of a universal, cross-channel TV viewing companion application for iPhone, iPad, iPod Touch, Android, and the Web. On Thursday, Zeebox introduced its highly anticipated experience in the United States, which is said to be a significant debut; additional partners are expected to be invited in time.
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Hewlett-Packard Company’s (NYSE:HPQ) shares are up in mid-day trading despite Jefferies’ downgrade from Hold to Underperform earlier Thursday. Analyst Peter Misek expressed worries that the firm’s fiscal 2013 guidance might well miss consensus; results could come either at H-P’s analyst meeting on October 3rd, or as part of its next earnings release. Further, Misek noted that the firm seems set to make a push into tablets and smartphones, which entails a high risk but does make sense from a strategic point of view. The analyst foresees tough going for H-P’s personal computer, service and printer units, and does not believe that the intro of Microsoft Corporation’s (NASDAQ:MSFT) Windows 8 will help perk up shares. Misek reduced the price target from $17 to $14 as well. And if that is not enough, JPMorgan remarked in its own note to investors Thursday that Hewlett-Packard faces near-term challenges and it expects that the firm’s fiscal year 2013 outlook could push consensus earnings estimates to under $4.00. First Call currently has earnings per share for that period at $4.20.
Intel Corporation (NASDAQ:INTC) Chief Executive Paul Otellini recently met with Acer executives in Taipei concerning the smartphone business, say sources to DigiTimes, who added that Otellini had hoped to persuade the supplier to release Intel-based entry-level or mid-range smartphones and also to expand the division via the a three-way partnership, but Acer will likely continue to concentrate on the PC business.
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