Microsoft Looks at Europe, Cyber Monday Stats: Tech Biz Recap
Europe is apparently the next target of Microsoft Corporation (NASDAQ:MSFT) for its retail-store invasion. The firm has been looking at sites in the United Kingdom for its first European flagship stores while checking with landlords there, says an inside source to The Financial Times. If all goes well and domestic stores perform as expected, Microsoft intends to launch those continental stores in 2013.
Some Cyber Monday stats are in as ChannelAdvisor reports that early Monday client sales on eBay’s (NASDAQ:EBAY) online marketplace soared 57 percent year-over-year from 2011 with the sales growth rate five times higher over the same period. Not outdone by much, client sales on Amazon.com (NASDAQ:AMZN) jumped by 52 percent during the first part of day.
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As a worldwide supplier of mobile Internet services, NQ Mobile (NYSE:NQ) said on Monday that its board has approved a share buyback plan through which it may repurchase as much as $20 million of its American Depository Shares during the next 12 months. The board indicates that it will review the plan periodically and might okay modifications of its terms and size.
Hewlett-Packard Company (NYSE:HPQ) says that it did not knowingly sell its tech to Syria, according to the Wall Street Journal, from a letter to the Securities and Exchange Commission. In 2011, reports emerged that HP’s technology was being exploited as part of a surveillance program by the government of Syria, but the firm claims that the products thought to have been sold to Syria were procured from a partner “that was not informed of the ultimate destination for those products.”