Tech Biz Roundup: Samsung Must HOLD OFF on Galaxy Tab 10.1, Facebook Opinions are BRUTAL
Samsung (SSNLF.PK) was enjoined on Tuesday from producing or selling its Galaxy Tab 10.1, as a California judge issued a temporary ruling to that effect, saying that Apple (NASDAQ:AAPL) had made the stronger case Tab’s design violates its patents. Analysts are so far underplaying the ruling, commenting that it’s not likely to have a significant affect on Samsung; the trial is scheduled for July 30th. Meanwhile, the USPTO has granted Apple 28 new patents, which includes one that covers a solution for a wireless charging dock for handheld devices, and another that escribes a means for reducing interference when a device is docked.
Don’t Miss: Apple Investors SMIRK at Samsung.
Wednesday is payback time for Facebook, (NASDAQ:FB), as the investment banks that participated in its infamous IPO have now survived the mandated 40-day waiting period before they could publish an opinion. Accordingly they are not being bashful, as they present the company with their ratings, which at the first blush actually ran more towards Outperform, than lower alternatives. But there is a ‘however’ on the way, and it’s that investors were disappointed that FB didn’t get all straight As, and shares have now fallen on the day. For example, Morgan Stanley gave the stock an Outperform, but its price target of $38 was of course the IPO price. The worst comment – so far – was from BMO who reported that its checks with agencies showed “mixed opinions” about Facebook ads, and remarked further that ad pricing power is required to justify FBs valuation, since user growth is declining, which could be difficult as industry-wide growth shrinks.
Alcatel-Lucent (NYSE:ALU), a pioneer in the small cell market, stands to gain from the travails of the Telefonica-owned (NYSE:TEF) United Kingdom carrier O2, which reports that parts of its network will run out of capacity by 2014 or 2015, due to rapidly increasing mobile data traffic, and will thus need to adopt “small cell” base stations in response. ALU just happens to have a supply agreement with Telefonica.
Don’t Miss: Apple Runs Out Of This GLITZY New Device.
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