3 Tech Stock Stories For A Tuesday Scan

Google (NASDAQ:GOOG): Current price $792.67

Chairman Eric Schmidt predicted Tuesday that one billion people will be using Android smartphones inside of next six to nine months, pointing out that the operating system continues to gain traction worldwide. Commenting during the AllThingsD mobile conference in New York, the executive also said there will be almost 2 billion Android phones within a year or two, and that currently, there are in excess of 750 million Android phones in use across 320 carriers and 160 countries, with 1.5 million sales or activations of Android every day. Schmidt said that ”Android is by far the primary vehicle by which people are going to see smartphones. Our goal is to reach everybody.”

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GOOG

LDK Solar Co. (NYSE:LDK): Current price $1.07

LDK announced that because of a temporary cash-flow shortage, it could not make full payments to the holders of its 4.75 percent convertible senior notes due 2013, in an aggregate principal amount of $23,793,000, plus interest, otherwise due and payable on their maturity date of April 15. However, LDK Solar has privately and individually negotiated with two holders of the notes in the total principal amount of $16,553,000, and made resolutions with them, shortly prior to the maturity date, through a partial payment in cash and effectively a loan facility to postpone the repayment of the remaining indebtedness.

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LDK

Tessera Technologies (NASDAQ:TSRA): Current price $19.42

The company has announced that its board has appointed Richard S. Hill as interim chief executive officer and executive chairman, effective immediately. Hill replaces former President and Chief Executive Robert A. Young, PhD, who has elected to step down in the best interest of the firm. As previously announced on March 25, Tessera has begun a search for a new chief executive. Upon the successful completion of the search, Hill will return to his former position of non-executive Chairman.

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TSRA

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