Tuesday, September 21, 2010

Short takes: analyst says 'sell!";

Afternoon news items:

• Shares of both the New York Times Company and Gannett fell today after UBS analyst John Janedis sent a note to investors that recommended selling the Times -- he gave Gannett a "hold" rating. The original BusinessWeek story this morning showed shares of both stocks had fallen modestly. But as of one hour before the close, shares of NYT were down 4.5 percent, Gannett down a little over 2.3 percent. The market overall was up slightly.

• Canadian Steve Parr, the former president of Primedia Enthusiast Media has been pegged to take over Hachette Filipacchi Media. Current CEO Alain Lemarchand will be stepping down October 1.
• The open-source media play VLC now has an app for the iPad.

The new app is yet another example of developers adding capabilities to the iPad that greatly enhances the user experience. In this case, the VLC software allows users to view media that wouldn't in the past be viewable on their tablets. An example would be an AVI file.

Just as importantly, this is more proof that Apple is indeed living up to its own new relaxed developer guidelines. Now, will Google's own Google Voice app get approved for the App Store?

• Both Apple and Google continue to gobble up companies thanks to their huge cash reserves. The latest Apple acquisition is Swedish face recognition software company Polar Rose. If the rumored deal is true, then the new addition will give Apple's iOS products the ability to add face recognition to its FaceTime and iPhoto products.

As for Google, the search giant has averaged one deal every two weeks so far this year.