Tech Biz Roundup: Facebook Preps For EXPIRATION, Amazon’s REFRESH Possibilities
Dish Networks Corporation (NASDAQ:DISH) has invested $396 million in Clearwire Corporation (NASDAQ:CLWR) debt, UBS thinks, based on its study of Dish’s most recent 10-Q. Other analysts have calculated that Dish might have nearly $737 million invested, with the expectation tha tin return it will expect Clearwire to support its 4 gigabyte network plans.
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Facebook (NASDAQ:FB) shares are up Friday, and Groupon, Inc. (NASDAQ:GRPN) shares are way up, as shorts might be covering ahead of the weekend. Facebook’s gains precede a lock-up expiration on 10 percent of outstanding shares in five days. David Faber at CNBC says that the firm has been meeting with institutional investors to push up interest in shares ahead of the expiration.
Amazon.com Inc. (NASDAQ:AMZN) is about to redo its Kindle lineup, says Gizmodo, after seeing some significant discounts for the hardware on the company’s site. For example, the 9.7 inch Kindle DX is reduced by 29 percent, and Amazon’s hourly Lightning Deals are replete with Kindle merchandise. A third quarter refresh is expected by many observers, and also considered necessary due to weak e-reader sales and the Kindle Fire’s travails with its rivals iPad and the Nexus 7
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