Radar Movers: Facebook Phone Home, Apple iPad 5 Hints
Hewlett-Packard (NYSE:HPQ) shares edged slightly lower in late afternoon trading. The computer company announced that Ray Lane will step down from his position as HP’s chairman. Director Ralph Whitworth will take over on an interim basis. Two other directors, John Hammergren and G. Kennedy Thompson, will also step down later this year.
Shares of Facebook (NASDAQ:FB) jumped 3 percent on Thursday and continue to climb higher in late afternoon hours. Facebook Home, the social network’s latest attempt to transform its application into a true mobile platform, focuses on inspiring deeper user engagement. The new family of apps debuted Thursday at an event at the company’s headquarters in Menlo Park, California. The feature will be on limited phones with HTC and AT&T (NYSE:T) starting April 12.