Tech Stock Roundup: Apple ADDS Features for Chinese Users, Amazon’s GRAND SCHEME
Cypress Semiconductor (NASDAQ:CY) seeks to acquire Ramtron (NASDAQ:RMTR), and initiates a tender offer at $2.68 per share (valid through July 19), which exceeds the $2.48 a share bid that was proposed last week. The potential buyer’s SRAM could be enhanced by Ramtron’s FRAM tech, with which the latter wants to deliver the performance of SRAM, while retaining data in the absence of a charge (like flash memory). However, problems related to costs and chip density have constrained sales. Ramtron closed at $2.75 Wednesday on expectations of a higher offer.
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Apple’s (NASDAQ:AAPL) recent addition of several iOS features which are aimed towards Chinese users shows its commitment to partnering with the world’s largest carrier, China Mobile (NYSE:CHL), says Shaw Wu at Sterne Agee, who adds that the next iPhone will support the latter’s TD-SCDMA 3 gigabyte network. CHL has made statements in the past that a future iPhone will support its TD-LTE 4 gigabyte network, which might not win government clearance for 2 to3 years, but the company hasn’t said anything specific concerning 3 gigabyte support
Amazon’s (NASDAQ:AMZN) grand scheme for the 76 domain extensions it has bid to control might be unclear as for now, but the payoff for its gambit could be enormous if it all comes together. The company is currently the dominant shopping portal, and if it can successfully use its position to build up some dot-suffix, ‘.store’ for example, Amazon could then become the head of a domain extension group that would be a mandatory location for other firms.
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