Google’s New Mapping App, Vringo Sues ZTE: Tech Business Update

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Google (NASDAQ:GOOG) has provided a test version of its new mapping application that will run on Apple’s iPhones and iPads to some individuals outside the company, according to an inside source, who added that the firm has been tweaking around the edges of the application prior to submitting it for approval to the Apple iTunes store, although it is not known exactly when that will happen.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Vringo (AMEX:VRNG) issued a release Wednesday which said that its wholly-owned subsidiary, Vringo Germany GmbH, has brought a patent infringement lawsuit against the ZTE Corporation, (ZTCOY.PK)(ZTCOF.PK) China and its subsidiary in Germany, ZTE Deutschland GmbH. For its part, ZTE describes itself as “a leading global provider of telecommunications equipment and network solutions,” which recently reported an annual revenue of $13.7 billion, according to filings with the Hong Kong Stock Exchange. Moreover, the firm is said through filings to generate its revenue for the most part from the sales of telecommunications equipment and handsets.

Don’t Miss: Renaissance Technologies Dumps These Top-Name Stocks.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business