NetSuite soars on an Oracle takeover rumor, takes peers higher

NetSuite (N) , a provider of cloud-based ERP, HR, and e-commerce software that caters heavily to small and mid-sized businesses (SMBs), flew higher on a rumor that Oracle (ORCL) - Get Report, which already owns 40% of the company, has reached a deal with other NetSuite shareholders regarding an acquisition.

Several cloud software peers followed NetSuite higher on Tuesday. The list includes cloud HR/financials software leader Workday (WDAY) - Get Report, cloud talent management software firm Cornerstone OnDemand (CSOD) - Get Report, and cloud business app provider Actua (ACTA) .

Given how trigger-happy Oracle has been when it comes to acquiring cloud software firms -- this spring, it picked up construction software firm Textura for $663 million and utility software firm Opower for $532 million -- it's not far-fetched to imagine Oracle adding NetSuite, a company it already has close ties with, to its shopping list.

However, NetSuite wouldn't be cheap -- the company sports a $6.8 billion market cap following Tuesday's gains -- and there would be limited product synergies to a deal, given Oracle already competes in many of the markets NetSuite targets, albeit with more of a focus on larger businesses. That has led multiple analysts to express skepticism about a deal occurring.

Google adds international high-speed data support for Project Fi

Project Fi, which provides low-cost mobile services to U.S. consumers using a mixture of carrier and Wi-Fi networks, now provides high-speed mobile data services in 135-plus international locales. Those nervous about steep international roaming fees will be pleased to know Alphabet's (GOOGL) - Get ReportGoogle is charging the same $10 per GB it charges for domestic data use.

For now, Project Fi remains very much a sideshow for Google, due to the simple fact the service only supports the Nexus 6P and 5X Android phones. Anyone looking to use an iPhone or a non-Nexus Android phone with Fi is out of luck. This may be intentional, as it limits the threat posed by Fi to carrier partners while still allowing Google to demonstrate what it thinks mobile communications services should be like.

U.S. Apple Watch survey shows limited demand, next model reportedly features big upgrades

A Quartz survey of 534 U.S. iPhone owners resulted in only 4.3% of respondents who didn't currently own an Apple Watch saying they're either "extremely likely" or "very likely" to buy one. Some 53.6% said they're "not likely at all" to purchase.

Moreover, only 16.6% of polled existing Apple Watch owners said they're extremely or very likely to upgrade to a new model this year. 64.3% said they're either "not so likely" or not likely at all.

Though Apple (AAPL) - Get Report doesn't break out Watch sales, demand appears to be light. IDC estimates Watch shipments totaled only 1.5 million in the first quarter, after amounting to 11.6 million last year following the device's spring 2015 release. For reference, Apple sold 231.5 million iPhones last year.

Relatively steep pricing has hurt the Watch -- the cheapest model starts at $299, following a $50 March price cut -- but limited consumer interest in smartwatches in general has also been an issue. IDC thinks only 3.2 million smartwatches were shipped altogether last quarter, which means 1.5 million Watch shipments still translated into a 46% share.

Alphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GOOGL or AAPL? Learn more now.

Will major hardware improvements kickstart demand? If

a report

from hit-and-miss Digitimes is accurate, the Apple Watch 2, expected this fall, will have a larger display, better battery life, a FaceTime camera and a 3G/4G modem, and will also be 20% to 40% thinner. Meanwhile,

watchOS 3

, which brings with it instantly-available data for Watch apps, a revamped Control Center, and Apple Pay support, is due this September.