Tech Biz Recap: H-P’s Earnings Reaction, Facebook’s New App
Facebook (NASDAQ:FB) is moving forward following its you-know-what last week, and is poised to introduce a standalone photo-sharing app called Facebook Camera. The app does not utilize anything directly from integration with Instagram, as that purchase is still being evaluated by the FTC, an so is the invention of FB’s photos team, which did borrow from the startup, and shows the extent to which Facebook saw its intended acquisition as a direct rival.
Hewlett-Packard (NYSE:HPQ) gives backs part of its share gains that came from its fiscal first quarter beat and announced layoffs. Not helping are worries about the firm’s $10 billion purchase of Autonomy, which now seems to have been a bad idea in light of its year-to-year fall in license revenue, even though it was reporting adequate growth at the time of the acquisition. At any rate, Autonomy founder Mike Lynch was sacked in reaction, and sources to The Guardian say that he and his team were not good matches for H-P’s “bureaucratic” culture.
Shipments of Google’s (NASDAQ:GOOG) highly anticipated 7″ Nexus tablet will commence in June, says a Digitimesreport. But not all is copacetic, as shipments of only 2 to 2.5 million units are forecast, out of a total of 106 million that will be marketed. Also, competition from the 9.7″ iPad, the Nook Tablet, the Kindle Fire, and maybe even an “iPad Mini”, not to mention Apple’s (NASDAQ:AAPL) gigantic lead in available tablet apps, should ensure many sleepless nights for Google strategists.
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