Tech and Travel Stocks See Analyst Rating Changes, M&A Activity Continues in Software Space

Amazon poised to hire departing Microsoft Windows and Surface chief
Barclays says iPhone units down 5% year over year, but Apple says demand outstripping supply
Citi neutral on Salesforce, recapping incremental versus transformational
Carnival to hold from sell at Truist, good call
Royal Caribbean to buy from hold at Truist, travel call back again?
Planet Fitness gets devastating downgrade to hold from buy at JPMorgan
Intuit going after expense management firm Bill Holdings
Splunk doing better, Citi raises price target
SentinelOne put themselves up for sale and no one bought, neutral

cnbc.com

Relevant topic timeline:

9/18/2023

Longtime Microsoft exec Panos Panay departs as company shifts focus to AI in Windows

Microsoft's chief product officer, Panos Panay, is leaving the company after nearly 20 years, with Yusuf Mehdi taking over his role as head of the Windows and Surface businesses.

9/18/2023

Microsoft's Panos Panay leaves to lead Alexa, Echo at Amazon

Main topic: Panos Panay has been hired by Amazon to lead the division responsible for Alexa and Echo smart devices, replacing Dave Limp. Key points: 1. Panos Panay, former chief product officer at Microsoft, will be joining Amazon to oversee the Alexa and Echo division. 2. This move comes as Dave Limp, the previous executive in charge of Alexa and Echo, announced his retirement. 3. Panay's transition from Microsoft to Amazon involves him taking over a division that experienced layoffs last year.

9/20/2023

Amazon to Unveil New Fire TVs, Echo Speakers, Eero WiFi at Annual Devices Event

Amazon is expected to announce updates to its lineup of devices, including new Fire TV sticks, Echo speakers and displays, Ring cameras, Blink devices, and a eero WiFi, at its annual devices event, which will mark the retirement of Amazon's senior vice president of devices and services, David Limp. Microsoft Chief Product Officer Panos Panay is rumored to be Amazon's new devices head, and the event will not be available for public livestream.

9/21/2023

Microsoft to unveil new Surface devices and AI plans at Sept 21 event after Panay's resignation

Microsoft is set to announce new Surface hardware and discuss its vision for AI-powered features in Windows, Office, Bing, and other products at a special event in New York City, following the departure of former Windows and Surface chief Panos Panay who is rumored to be joining Amazon.

9/21/2023

Microsoft Trims Surface Lineup, Cancels Experimental Devices as Panay Departs

Microsoft has cut several niche or experimental Surface hardware products from its lineup, including the Surface Headphones and Surface Studio, as part of its reduction in device portfolio, which is one of the reasons for Panos Panay's sudden departure from the company.

Topics

Posted 9/19/2023, 1:39:49 PM

Tech and Travel Stocks See Analyst Rating Changes, M&A Activity Continues in Software Space

Amazon poised to hire departing Microsoft Windows and Surface chief
Barclays says iPhone units down 5% year over year, but Apple says demand outstripping supply
Citi neutral on Salesforce, recapping incremental versus transformational
Carnival to hold from sell at Truist, good call
Royal Caribbean to buy from hold at Truist, travel call back again?
Planet Fitness gets devastating downgrade to hold from buy at JPMorgan
Intuit going after expense management firm Bill Holdings
Splunk doing better, Citi raises price target
SentinelOne put themselves up for sale and no one bought, neutral

cnbc.com

Relevant topic timeline:

9/18/2023

Longtime Microsoft exec Panos Panay departs as company shifts focus to AI in Windows

Microsoft's chief product officer, Panos Panay, is leaving the company after nearly 20 years, with Yusuf Mehdi taking over his role as head of the Windows and Surface businesses.

9/18/2023

Microsoft's Panos Panay leaves to lead Alexa, Echo at Amazon

9/20/2023

Amazon to Unveil New Fire TVs, Echo Speakers, Eero WiFi at Annual Devices Event

9/21/2023

Microsoft to unveil new Surface devices and AI plans at Sept 21 event after Panay's resignation

9/21/2023

Microsoft Trims Surface Lineup, Cancels Experimental Devices as Panay Departs