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Facebook (NASDAQ:FB) sells off while a 234 million-share lockup expiration originally scheduled for Monday now goes forward, with yet another 777 million shares to become available for sale on November 14th. In addition, a number of major Facebook executives, including Chief Financial Officer David Ebersman and Chief Operations Officer Sheryl Sandberg, can sell shares in a couple of days. As for now, Mark Zuckerberg is not selling any more shares.
Shares of Polycom (NASDAQ:PLCM) are moving down, possibly due to an IBD column that pointed out the threat posed to the sales of videoconferencing hardware of the company and Cisco Systems (NASDAQ:CSCO) by cheap cloud-based solutions which work with personal computers. Also, the article says that GoMeetNow, one prominent cloud-based competitor, provides services from $12.95 per month for two PC users.
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Yahoo! (NASDAQ:YHOO) reaches a distribution arrangement with Wenner Media, which publishes US Weekly and Rolling Stone. Through the terms, each company’s content will appear on the other’s sites, and they will “co-produce a new breed of online editorial franchises.” Peter Kafka figures that between them, Yahoo Music and OMG have 46 million unique users.
Intel Corporation (NASDAQ:INTC) is developing a 48-core processor for mobile devices, but warns that the chip remains years away. For that many cores to make sense, advances in both performance needs and the ability of mobile software to split up tasks must be accomplished. However, Intel is confident that new voice recognition and computer vision applications will be the solution.
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