Apple Up 1.5% Leading 3 Tech Titans on the Move
Yahoo (NASDAQ:YHOO) Interim CEO Ross Levinsohn aims to accumulate cash for one day use to “swing for the fences,” in addition to concentrating on short-term goals for the company, Nicholas Carlson reports. Despite proceeds from the share sale of Yahoo’s Alibaba being given back to shareholders, earnings from asset sales to come will probably benefit Yahoo’s bank account. Additionally, reports say that Levinsohn may attempt settling the company’s lawsuit against Facebook and re-visit the Microsoft search deal.
Apple Inc. (NASDAQ:AAPL): Thanks to work on next-generation iPhones coming up in Q2 or Q3, Digitimes reports (based on word from Taiwanese upstream suppliers) that if yield rates aren’t suitably high for manufacturing of the in-cell panels employed by the smartphone and made by LG Display (NYSE:LPL) and Sharp (SHCAY), the store of LTPS (low-temperature poly-silicon) for other smartphone companies may be limited. Shares of Apple traded up $4.47 (0.79%) recently at $556.756.
Google Inc.‘s (NASDAQ:GOOG) Street View will not be subject to an investigation by Australia regarding its data collection, according to CNet. Based on reports from Australia’s news.com, the country’s privacy commissioner ruled this way following a review of the FCC report and acknowledging that his predecessor had already suitably investigated the issue. Shares of Google traded down 0.19% ($1.14) recently at $590.395.
Intel Corporation (NASDAQ:INTC): Digitimes cites upstream sources in reporting that Intel’s Atom D525 Pineview processor is facing notable supply shortcomings, with numerous IPC players predicting shipment drops in May and June that could potentially affect Q3 performance. Shares of Intel traded recently at $25.925, up $0.19 (0.74%).
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