Weekly Highlights: Tesla's Model D, Apple iPad Tease And More
The week was fueled by hype for Tesla Motors Inc (NASDAQ: TSLA), and it ended with the introduction of a high-end Model S.
Tesla wasn't the only company building hype. Apple Inc. (NASDAQ: AAPL) teased its next event, which is scheduled to take place on Thursday, October 16.
Apple was also rumored to be developing a two-in-one iPad that combines elements of its mobile and desktop operating systems.
Hewlett-Packard Company (NYSE: HPQ) confirmed its plan to split up the business, and that could inspire another tech stalwart to do the same.
Last but not least, Goldman Sachs Group Inc (NYSE: GS) was among the many financial institutions that helped support a new communications platform.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
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Tesla Unveiled A New Car (Sort Of)
Some analysts were disappointed by Tesla's P85D, but others argued that the car's true beauty can only come from first-hand experience.
"Wall Street has got it wrong," Global Equities Research analyst Trip Chowdhry told Benzinga.
"Why? Because they haven't experienced the product. They haven't experienced the crowd of 2,500 to 3,000 people who were exuberant. You cannot experience Tesla on a YouTube video."
Apple Hints At Big Things For October 16 Event
But what exactly will those things be?
"That's what I would like to see. I think [an actual] TV is out of the realm of possibility at this point, though I do think it's something people would like to see."
Other analysts wondered if Apple is simply hinting at the obvious: an iPad with Touch ID. In other words, "it's been way too long" since the company has updated its tablet lineup with compelling new features.
Apple Could Merge Mac OS And iOS With New Tablet
There's another possible reason for Apple's promo: The company could be ready to release a large iPad.
The Cupertino, California-based tech giant has been rumored to be developing a 12-inch iPad for more than a year. A new rumor states that it could be a two-in-one device with Mac OS and iOS capabilities.
Hewlett-Packard Split Could Lead To More Spin-Offs
Hewlett-Packard is officially splitting the company into two separate businesses. In time, IBM (NYSE: IBM) might follow suit.
"I see it increasing the pressure on IBM to think about splitting into a services company on the one side, and then kind of a software and very high-end hardware company on the other side," Argus Research analyst James Kelleher told Benzinga.
"Hewlett-Packard doing this suggests that the old model of a one-stop shop in technology is outdated," he said. "Second, IBM has been kind of underperforming, and that makes people antsy."
Goldman Sachs, Others Support New Communications Platform
Symphony, a new communications and workflow tech company, received a $66-million investment from Goldman Sachs and a plethora of financial institutions.
"When you do cloud, you must take super care of the data integrity and data privacy and the security of that data," David Gurle, CEO of Symphony, told Benzinga.
"We have this end-to-end encryption model where the data is encrypted before it leaves your computer or mobile phone."
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