This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LinkedIn Jumps, Dell's Sweetener: Tech Winners & Losers (Update1)

Stocks in this article: LNKD VCLK DELL AAPL CVC

Apple (AAPL) shares were slightly higher Friday, rising 0.47% to $458.83 despite news of its proposed punishment in their e-book price fixing scandal.

A federal court ruled in July that Apple and five e-book publishers had conspired to raise the prices of their books. The U.S. Department of Justice brought a civil antitrust suit against the Cupertino-based company in 2012.

This morning, the DOJ and 33 U.S. State Attorneys General proposed several potential punishments. In one, Apple would receive a five-year ban from entering into new e-book distribution contracts. Under another proposal, Apple's competitors and Barnes & Noble would be permitted to provide links to their own e-book stores such that Apple users could easily compare Apple's prices to its competitors'. The DOJ also suggested that Apple be required to pay for an external monitor to ensure that the company complied with whatever punishment is meted out.

The court will hear these proposals on August 9. However, Apple has already said that it will appeal the decision. The five companies accused of colluding with Apple--CBS's Simon & Schuster, Hachette Book Group, Penguin's Penguin Group, Macmillan, and News Corp's HarperCollins--settled out of court.

Shares of Cablevision (CVC) rose 4.19% to $19.42 following a suggestion by the CEO that the company is not averse to a merger.

Media chatter about a potential merger appears to derive from a remark CEO Jim Dolan made in response to a question from Merrill Lynch's Jessica Cohen. He told her regarding potential industry mergers, "I think our plans are to continue to proceed in terms of operating the company and the best interest of the company...Meanwhile, I know all the noise about that, and you never say never. But other than that we really don't have much to say about it." CNBC's David Faber noted that these seemingly innocuous remarks indicated that the company was more amenable to a merger than it has been in the past.

In its earnings release on Friday, Cablevision reported it lost 20,000 customers in the quarter, 4,700 more than analysts had expected. Revenues rose 1% to $1.57 billion, just missing the $1.58 billion estimated by analysts polled by Thomson Reuters.

Closing prices: LNKD jumped 10.6% to $235.58, VCLK plummeted 15.9% to $21.37, DELL rose 5.6% to $13.68, AAPL was 1.3% higher at $462.54 and CVC ended the day at $19.61, up 5.2%.

-- Written by Laura Berman in New York

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs