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Facebook, Inc. (NASDAQ:FB) will not take part in the rally today after Macquarie’s Ben Schachter began coverage with a Neutral rating and a $34 price target. Similar to others, Schachter mentions Facebook’s large gap between its large web usage share and its smaller online ad spending share. Schachter also says that Facebook’s “pace of innovation and execution are unclear,” and shows concern regarding its ability to reach near-term Street estimates.
Don’t Miss: How BAD is the Analyst Coverage on Facebook?
Apple Inc. (NASDAQ:AAPL) could release a 9.7-inch iPad during this summer causing expectations for device shipment volumes to increase starting in September, Digitimes reports citing an Apple Daily report written in Chinese. Rumors state that the new iPad will feature indium gallium zinc oxide panel technology and is able to be changed to Sharp (SHCAY) from Samsung (SSNLF). The shares traded up $12.95 (2.28%) recently at $582.
Google Inc. (NASDAQ:GOOG): On its blog, Adobe (NASDAQ:ADBE) says, ”We announced last November that we are focusing our work with Flash on PC browsing and mobile apps packaged with Adobe AIR, and will be discontinuing our development of the Flash Player for mobile browsers. This post provides an update on what this means for ongoing access to the Flash Player browser plugin for Android in the Google Play Store…Beginning August 15th we will use the configuration settings in the Google Play Store to limit continued access to Flash Player updates to only those devices that have Flash Player already installed. Devices that do not have Flash Player already installed are increasingly likely to be incompatible with Flash Player and will no longer be able to install it from the Google Play Store after August 15th.” The shares traded up $13.30 (2.36%) recently at $577.61.
Dell’s (NASDAQ:DELL) all-in-one-desktop is turning into the XPS’ line of performance-minded machines’ brightest star. Sales should be watched.
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