Facebook Under Scrutiny in Italy, Microsoft Scores Court Victory: Weekly Tech Business Recap
Here’s your Cheat Sheet to the top tech business stories of the week:
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Zynga (NASDAQ:ZNGA), the biggest maker of social games, has lost two additional executives – Vice President Roy Sehgal and General Manager Steve Schreck are exiting as the firm struggles to retain top managers during a stock price decline. Sehgal, leaving in order to take time off, joined the firm in 2009 and created Café World, according to a phone interview on Saturday. Schreck wants to join a game startup founded by Mike Verdu, another Zynga alum, said the firm.
Verizon Wireless (NYSE:VZ)(NASDAQ:VOD) will shut off its Vcast Video on December 15th. The mobile video service was one of the first of its kind in 2005. However, Verizon intends to keep up its Viewdini video discovery service along with mobile access to NFL games via NFL Mobile. The Vcast Video closing accompanies the firm’s shutting down its Verizon App Store.
It was a big court decision for Microsoft Corporation (NASDAQ:MSFT) last week when the United States District Court Judge James Robart ruled that Motorola Mobility (NASDAQ:GOOG) could not disallow the sale of Microsoft products that it claims violates its H.264 patents. The Xbox, Windows, and other Microsoft products won’t be banned from sale in the United States or in Germany, according to a prior report by ComputerWorld.
It is anticipated that Advanced Micro Devices (NYSE:AMD) will launch its Radon HD 8000 series GPUs in the second quarter of next year as it is currently conducting a business reorganization to improve over its poor third quarter performance, say upstream supply chain sources. The company had first intended to make the intro at the end of the current quarter so as to compete against Nvidia Corporation’s (NASDAQ:NVDA) products. The latter has been gaining traction in China’s discrete graphics card market while AMD’s shares already fell to 30 percent in that market and is now assertively trying to launch the Radeon HD 8000 series to regain its prior momentum.