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Facebook, Inc. (NASDAQ:FB): According to Canaccord, the possible Facebook career/job service’s threat to LinkedIn (NYSE:LNKD) is very slim. The firm stated that Facebook’s job apps struggle with user growth and retention because many career-minded professionals seem to separate personal and professional social networking activity. The firm is still positive regarding LinkedIn’s sturdy fundamentals causing it to keep a Buy rating ant a $135 price target.
Apple Inc. (NASDAQ:AAPL): A Moody’s Richard Lane report has revealed that Apple currently tops a list of technology U.S. companies that hold cash overseas with $74B, and increase from December’s $64B, reports Barron’s. Lane claims that the amount of cash held overseas by U.S. tech companies totals $227.5B as of March, and adds that Microsoft (NASDAQ:MSFT) has $50B, Cisco (NASDAQ:CSCO) holds $42.3B overseas, Oracle (NASDAQ:ORCL) has $25.1B and Qualcomm (NASDAQ:QCOM) has $16.5B. The shares traded down $1.81 (0.29%) recently at $612.08.
Google Inc. (NASDAQ:GOOG) has had a patent infringement lawsuit filed against it by Jeffer, Mangels, Butler & Mitchell LLP in the District Court for the Eastern District of Texas in the Tyler Division. The lawsuit states that Google infringed upon EMG’s U.S. Patent 7,441,196 C1, by the use of EMG’s patented, simple, navigation system on its smart phones and tablets. Because the patent has 76 claims and a November 15, 1999 priority date, the complaint seeks monetary damages and preliminary and permanent injunction against Google from its Chrome Mobile Browser distribution in the U.S. The shares traded down $3.26 (0.56%) recently at $582.75.
Microsoft Corporation (NASDAQ:MSFT) intends to sell a “few million” of its Surface tablets next year, Steve Ballmer claims. Compare this to the 11.8M iPads Apple (NASDAQ:AAPL) sold during the March quarter. Sales are likely to be limited though since Microsoft intends to only sell Surface online and through its retail stores, probably as a way to avoid competitions with OEMs in retail channels. There have also been reports that Microsoft has been facing yield issues with Surface’s case.
Intel Corporation (NASDAQ:INTC): According to Nomura, AMD’s (AMD -8.4%) warning in regards to Q2 is not only related to demand but also signifies weak desktop CPU position in the wake of Intel’s (INTC -1% – previous) Ivy Bridge launch. Goldman also states that issues with market share could be a contributor. Because Intel and Nvidia (NVDA -1.3%) are off only minutely, it can be inferred that the Street believes a few of AMD’s problems are specific to the company. The shares traded down $0.53 (2.03%) recently at $25.64.
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