4 Tech Stock Stories Making Waves on Thursday
AT&T Inc. (NYSE:T): Closing price $35.87
The French telecoms regulator ARCEP will go forward with an inquiry aimed at AT&T and Verizon’s secret interconnection arrangements, which are deals that could be crucial to the erosion of net neutrality. The regulator fears that quiet battles between bandwidth providers and ISPs might, in effect, degrade the quality of popular web services for French consumers. One specific case has to do with subscribers of ISP Free getting poor YouTube performance. The fear is similar to the one arising in the United States, that the fracas between ISP Verizon and bandwidth provider Cogent Communications has been fouling up Netflix performance for Verizon’s customers.
Google Inc. (NASDAQ:GOOG): Current price $920.24
At its inception two years ago, Google’s Chromebook was cast aside as a bare-bones laptop having limited appeal. However, now the notebook is defying skeptics and gaining traction, while the rest of the personal-computer market falls back. In just the last eight months, Chromebooks have taken 20 percent to 25 percent of the domestic market share for laptops under $300, says NPD Group Inc. The firm also said that the product — which features a full keyboard and receives regular software updates from Google — is the quickest-growing part of the PC industry, based on price.
Glu Mobile Inc. (NASDAQ:GLUU): Closing price $2.54
On Thursday, Glu announced the availability of Black Gate: Inferno, which is the first game released by Glu’s publishing organization. Being a fully online 3D MMORPG, Black Gate: Inferno pushes players into a deep, dark fantasy world of real-time multiplayer game play. Immersed in “Endless Darkness,” players can explore open environments, collecting over 200,000 unique pieces of equipment, and creating cooperative guilds with other online players. Glu Mobile is a top global developer and publisher of free-to-play games for smartphone and tablet devices.
Yelp Inc. (NYSE:YELP): Closing Price $37.45
Yelp announced its availability in the Czech Republic. Beginning Wednesday, residents 0f the Czech Republic were permitted to create accounts on Yelp.cz, where they can share their opinions about local businesses. The firm’s free iPhone and Android applications will also be available as its free suite of business owner tools: Yelp for Business Owners. One of the most prosperous of the post-Soviet countries, the Czech Republic possesses an educated and tech-savvy population. Combining these attributes with an appreciation of sharing and entrepreneurship, the Czechs appear to be an ideal match for Yelp’s way of connecting people with local businesses.