Microsoft to UPDATE Office and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB):Underwriters on Wall Street continue to allow more and more corporate insiders to dodge the agreements keeping them from selling their shares quickly after the release of their IPOs, according to the Wall Street Journal. These lockup pacts assist the underwriters in stopping company insiders from selling shares, usually for 180 days following a company’s IPO. However, underwriters have let 10 of these agreements to expire early during the year, with months remaining before the scheduled exit date. The shares traded down $0.22 (1.03%) recently at $21.15.
Apple Inc. (NASDAQ:AAPL): According to 27 percent of respondents that took a poll by Chinese microblog Sina (NASDAQ:SINA), they had the intention to purchase Apple’s the iPhone 5, as 48 percent stated that they are not interested in purchasing the device, reports Xinhua. An additional 24.6 percent of the 36,000 respondents claimed that they would have to “wait and see” before making a decision. The shares traded up $14.27 (2.13%) recently at $684.06.
Google Inc. (NASDAQ:GOOG): According to Alibaba, Google has placed pressure onto Acer for the cancellation of the release of a new smartphone which if released, would have used Alibaba’s Aliyun mobile operating system, according to Reuters. The Fly has stated that Yahoo! (NASDAQ:YHOO) owns a large stake in Alibaba Group. The shares traded up $13.03 (1.89%) recently at $703.91.
Microsoft Corporation (NASDAQ:MSFT) is scheduled to announce the upgrade program for its most recent Office suite in five weeks, reports ZDNet blogger Mary Jo Foley. This upgrade program should offer free or discounted Office 2013 upgrades, Office 2013 is the name of the new bundle, or Office 365, which is the subscription service the Microsoft introduced during the summer, to customers who recently purchased Office 2010. The shares traded up $0.22 (0.70%) recently at $31.00.
Intel Corporation (NASDAQ:INTC) has used its Developer’s Conference in San Francisco to reveal a desktop computer prototype with a display that is also a 27-inch tablet running on a four-hour battery life. Slate producers like Samsung, with its Galaxy Note II, and Apple, with its expected iPad Mini, have been down-sizing the usual 10-inch form factor of the tablet. However, Intel must be under the impression that there is a possibility to push the form toward the other end of the size spectrum. The prototype is named the Adaptive All-In-One. It possesses a 2.5-inch thick unit with 1080p HD resolution along with the insides of a PC, this includes an optical drive, input/output ports, and a high-performance graphics processor. As the desktop, it will plug into a dock chargin its battery as it connects it with a keyboard and mouse. The touchscreen is able to be used when it is both on or off the dock. The shares traded up $0.08 (0.36%) recently at $23.27.
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