Intel UNVEILS SMARTi UE2p and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB): On the surface, Facebook, Inc. has hit their financial target. Overall, revenues of $1.18 billion were a tad higher than Wall Street had projected, and advertising revenues, as a percentage of the total, were considerably higher. If one ignores the extraordinary costs they incurred, by converting their employees’ and investors’, insider shares, to public shares, then their profit of $295 million, or 12 cents a share, was pretty much what was anticipated. There was little information about what Facebook’s future holds, especially for a company whose stock prices depend on stockholders’ expectations, and what was provided, does not sound encouraging. That may be why their shares, which had been falling all day, really tumbled and slid well below their all time low. Facebook’s shares traded down $3.10 (11.53%), they were recently at $23.75.
Don’t Miss: Investors DISLIKE These Facebook Charts.
Apple Inc. (NASDAQ:AAPL): In a deal that could put their iPhone at the center of the emerging mobile payments market, Apple Inc. has agreed to buy AuthenTec Inc.’s, fingerprint sensor technology developer, for about $356 million. Their shares traded up $9.90 (1.72%), they were recently at $584.78.
Google Inc. (NASDAQ:GOOG): Vornado Realty Trust (NYSE:VNO) has entered into a lease with Motorola Mobility, owned by Google (NASDAQ:GOOG), they will lease 572,000 square feet of the company’s Chicago Merchandise Mart building. The Merchandise Mart is one of the world’s largest commercial buildings encompassing 3.5 million square feet, and spanning two city blocks, with 200,000 sq ft of floors. This transaction will increase the office component of the building, to 1,734,000 sq ft, including the right amount of office and showroom space. The lease is expected to commence in early 2013. Their shares traded up $20.33 (3.31%), they were recently at $633.68.
Microsoft Corporation (NASDAQ:MSFT): The sale of Motorola’s Android devices including, Motorola Atrix, the Droid Razr and the Droid Razr Maxx phones were banned in Germany, after a ruling, by one of the lower regional Mannheim courts, due to an infringement on a Microsoft patent. This decision impacts Motorola devices that are using a technology called FAT (File Allocation Table), for internal storage. Their shares traded up $0.59 (2.02%), they were recently at $29.75.
Intel Corporation (NASDAQ:INTC): Intel Corporation, has clearly been busy. They have announced a new solution which will allow 3G power amplifiers to be directly integrated onto radio frequency circuits. Thanks to this low-power 3G solution, the chip, dubbed the SMARTi UE2p, will help lower the cost of 3G handsets, and will spur the development for the “Internet of Things,” which will enable devices to remain connected. The new SoC is also smaller in size, is more power efficient, and is less complex for developers to work with. Their shares traded up $0.52 (2.04%), they were recently at $26.02.
Don’t Miss: Amazon Has BIG Plans for Kindle Fire.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.