Tech Web site DigiTimes, which has a mixed record of predicting Apple launches, carried a report, citing sources, that Apple's oft-rumored television will support Ultra HD, the new picture technology for television sets. Along with Ultra HD, the set would feature voice and motion control, as well as Internet connectivity.
Ultra HD offers a ton more pixels and higher resolution than standard high-definition televisions, though the prices are exorbitant. At the Consumer Electronics Show, Broadcom (BRCM - Get Report) co-founder Henry Samueli showed off a set using a Broadcom chip, but the price tag was $22,000.
The Apple television rumors have been around for some time and were reignited at the end of last year when CEO Tim Cook sat down with NBC's Brian Williams to discuss his first full year as CEO after taking over for the late Steve Jobs."When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years," Cook told Williams at the end of the interview. "It's an area of intense interest. I can't say more than that." Piper Jaffray analyst Gene Munster says Apple will announce a television as early as the December quarter. He says a TV could add as much as 5% to 2014 revenue, but the innovation concerns would be withdrawn. Apple shares traded lower for the week, closing the first quarter down 17%.
The biggest private equity buyout since the financial crisis has received a reboot after Dell (DELL - Get Report) said on Monday it has two new takeover proposals that trump a $13.65-a-share offer the company struck with founder Michael Dell and private equity firm Silver Lake Partners in early February. A special committee seeking a higher takeover price for Dell said a consortium of investors led by the Blackstone Group (BX) have submitted a $14.25-a-share propsal that would allow Dell shareholders either to receive a cash payment at that value or continue to own their publicly traded holding. Francisco Partners and Insight Venture Management will participate in the Blackstone investor group.