Tech Business Recap: Google’s Market Cap, Juniper Slashes Jobs
Google’s (NASDAQ:GOOG) market cap exceeded Microsoft Corporation’s (NASDAQ:MSFT) for the first time on Monday, according to Bloomberg, as the search major once again reached new heights as it followed the market upwards, while Mister Softee is downgraded Sector Perform by RBC. It was in 2010 that Apple (NASDAQ:AAPL) first surpassed Microsoft.
It’s a Yahoo (NASDAQ:YHOO) Boy, as Chief Executive Marissa Mayer’s husband tweets that she has given birth to a son. Mayer took over her position in July and says that she will take a maternity leave of only a few weeks and intends to “work throughout it.”
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Juniper Networks (NYSE:JNPR) has laid off 500 employees as a part of a restructuring plan. At the end of June, the company had 9,373 employees and many of the cuts are said to target its QFabric switching operation. The unit was launched in February of 2011 to much hoopla and allows the resources of multiple switches to be pooled; the business has experienced disappointing demand thus far while its competitor Cisco Systems (NASDAQ:CSCO) continues to dominate the market.
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