Apple and Google CEOs POW WOW and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB) has fallen to new all-time lows after several advertisers seem to be lowering the amount of money they have been spending on the website. In early trading, Facebook fell 75c, or 3.92 percent, to $18.34. The shares traded down $0.93 (4.86%) recently at $18.16.
Apple Inc. (NASDAQ:AAPL): Continuing to be concerned about Apple and Google (NASDAQ:GOOG), manufacturers including Toshiba (TOSBF), LG Electronics, and Royal Philips Electronics (NYSE:PHG) have come together for the development of a common system that enables users to listen to music, watch videos, and play games via the Internet on TV sets, Bloomberg reports. The shares traded down $0.32 (0.05%) recently at $663.55.
Google Inc. (NASDAQ:GOOG): The CEOs of Apple and Google are said to be considering a range of intellectual property issues, including copyright infringement. Bloomberg News claims that Tim Cook and Larry Page “spoke by phone last week and are expected to talk more soon,” according to a person with knowledge regarding the conversations. Apple has already sued several companies using Google’s Android software. Google has yet to be the target of an Apple lawsuit, but competition between the two tech giants has become heated in recent years as the market has shifted from PCs and laptops to mobile devices. The shares traded up $3.46 (0.51%) recently at $685.14.
Microsoft Corporation (NASDAQ:MSFT) along with Nokia (NYSE:NOK) are investing $23 million in 36 app startups via the companies’ AppCampus joint venture, TechCrunch states. The JV is said to continue its active search for its next batch of startups for the new year. The shares traded up $0.59 (1.95%) recently at $30.91.
Intel Corporation (NASDAQ:INTC): Apple is rumored to be releasing updated iMacs that will use Intel Ivy Bridge processors soon. The shares traded up $0.56 (2.33%) recently at $24.83.
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