Dell Exits Smartphones, Facebook Confident Over Final Expiry: Tech Business Roundup
It might not be the best time to load up a Windows Phone or Windows 8 (NASDAQ:MSFT) PC with dedicated Gmail or Google Drive (NASDAQ:GOOG) applications as Google Apps Product Management Director Clay Bavor told V3 that “We have no plans to build out Windows apps. We are very careful about where we invest and will go where the users are but they are not on Windows Phone or Windows 8.”
Dell (NASDAQ:DELL) exits the world smartphone business officially, leaving a market that could hit a whopping $150.3 billion in 2014, says MarketsandMarkets. The chief of Dell’s consumer business, Jeff Clarke, confirmed Wednesday at the Dell World conference that his company will not get back into the sector anytime soon, commenting that “It needs a lot of investments to really be successful.”
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Yahoo! (NASDAQ:YHOO) nears the announcement of changes to its board which will include the addition of the former senior executive at PayPal, Max Levchin, say knowledgeable sources. Also, the board should announce the exits of two directors, Chief Executives Brad Smith of Intuit, and David W. Kenny of the Weather Channel. The changes are likely to be announced in a few days, according to the sources.
Facebook (NASDAQ:FB) is looking at the last of its lockup expiries Friday, but the fear that accompanied the others seems to have faded, representing a victory in its own right for the company and Mark Zuckerberg. A partial reason why investors are not in trepidation this time is that shares have jumped each week and are up more than 50 percent since the beginning of September, not to mention that they easily survived the November expiry. Adding to that, a mere 156 million shares will be released on Friday, which is miniscule compared to November’s massive expiration.
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