Baidu Rumors Swirl and 2 Hot Stocks See Action
Baidu, Inc. (NASDAQ:BIDU) reportedly acquired Tapas, which is the Android-based mobile OS developer that is backed by Chinese incubator Innovation Works, for more than $10 million. An industry insider claims that Baidu has already completed an acquisition agreement with Tapas, but has not officially announced the purchase price. Not long ago, Tapas CEO Zhang Lei denied rumors of a Baidu acquisition along with rumors of an investment by Baidu and Tencent.
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Stamps.com Inc. (NASDAQ:STMP) has fallen 10 percent, or $2.78, to $24.58.
Research In Motion Limited (NASDAQ:RIMM): Globally, sales of mobile phones to users rose to about 428 million units during Q3 of 2012, which is a 3.1 percent drop from last year’s Q3. However, sales did see a rise on a sequential basis, according to Gartner. RIM was able to move to the Number 3 spot, and HTC closely follows.
Don’t Miss: Here’s Nokia’s New Plan to Fight Apple.