The Highs and Lows of Apple — Friday’s IP Market Recap

The past week, good and bad, belonged to Apple (NASDAQ: AAPL ). The week
started with the fever pitch building to the expected release of the iPhone 5
the unveiling of the newest in a line of iconic smartphones was one of the most
widely anticipated product reveals for the company, and it was thought to be one
of the most important . What transpired Tuesday was a confusing end-around that
defied most rumors in the prologue the unveiling of the iPhone 4S , which
contained all the features expected out of the iPhone 5, minus the all-important
gap-up in number. Yet this small nuance was considered to be a flub by many, and
it was joined by a truly laughable faux pas the introduction of the ill-named
voice-command app Siri , which flummoxed Japanese Internet searches for days.
All of this was rendered insignificant in scale Wednesday, when Apple co-founder
and former CEO Steve Jobs died at age 56 after fighting a long battle against
pancreatic cancer. While consumers lost the innovator that brought numerous
game-changing gadgets to life , the business world suffered the loss of one of
its greatest leaders . The Next Thing In TV A possible technological advancement
that caught legs this week was indirectly tied to Steve Jobs the next
brainchild of his business rival, Bill Gates' Microsoft (NASDAQ: MSFT ), is a
joining between a traditional video game console, streaming video and cable
corporations. This week, Microsoft announced some of its partners in its venture
to provide television through its Xbox 360 game console, including cable giants
Verizon (NYSE: VZ ), Comcast (NASDAQ: CMCSA ) and Time Warner (NYSE: TWX ).
Microsofts stock has answered in kind, up 5.46% in the past five days to finish
the week at $26.25. For now, the system is a hodgepodge of single channels and
subscription services, but it threatens to become much more than just an
accompanying streaming service to a mobile device Xbox 360 could be the next
set-top box. Kodak Survives For Now On Monday, Eastman Kodak (NYSE: EK ) shares
rebounded after it dispelled rumors that it was filing for bankruptcy . But the
once-great photography company is far from out of the water, its shares down
almost 75% year-to-date, and with no end in sight to its problems. Traditional
cameras are all but a thing of the past, and cheaper, lower-quality cameras are
being left on shelves as smartphones' cameras continue to improve, leaving
only a market of high-end digital cameras to fight over. It's alive for now,
but at $1.39 per share up 25% from the start of the week Kodak seems destined
to become one of several iconic American companies heading the way of the dodo .
Three Up Cree (NASDAQ: CREE ): Up 5.88% ($1.55) to $27.91. Dish Network (NASDAQ:
DISH ): Up 4.47% ($1.12) to $26.18. Avis Budget (NASDAQ: CAR ): Up 3.31% (34
cents) to $10.61. Three Down Sprint Nextel (NYSE: S ): Down 19.93% (60 cents) to
$2.41. Agilent Technologies (NYSE: A ): Down 6.47% ($2.17) to $31.37. UBS (NYSE:
UBS ): Down 6.23% (75 cents) to $11.28. As of this writing, Kyle Woodley did not
own a position in any of the aforementioned stocks.