Tech Titans: Google FACES INVESTIGATION and 3 Stocks in Focus
Apple Inc. (NASDAQ:AAPL) is being menaced by Italy’s competition regulator with fines of as much as $381,000 if the company does not provide a free two-year warranty, according to Reuters based on a source with ties to the regulator. This Italian office has begun a procedure of non-compliance against Apple.
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Google Inc. (NASDAQ:GOOG) will have to deal with a formal investigation into whether its Motorola Mobility (NYSE:MMI) unit is keeping promises it made to license its products on fair terms, Bloomberg is writing based on word from three sources close to the situation. This investigation will consider whether Google is improperly keeping rivals from accessing patents for essential smartphone technology. Shares of Google traded down $2.27 (0.39%) recently at $557.80.
Microsoft Corporation (NASDAQ:MSFT): Internet Explorer maintained 54% of the browser market in June, according to CNet citing Net Applications. IE’s market share one year ago was 56.7%. Firefox comes in next with a 20% share, followed by Google Chrome at 19%.
Intel Corporation (NASDAQ:INTC), thinking touchscreen supplies will be in short order as PC makers bring more touch-enabled laptops to the market along with smartphones and tablets, announced last month it will pay four Taiwanese touch-screen manufacturers to attain supplies of such parts, according to Bloomberg. Shares of Intel traded down $0.08 (0.3%) recently at $26.57.
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